Spread Betting and CFDs with IG Markets
Trade with Tight Spreads on a Wide Range of Assets in 10,000 Markets The IG Group has been leading the way as a top provider of CFDs (contracts for difference), stockbroking and financial spread betting to a client base exceeding 125,000 traders. The company has its headquarters in London and it is listed on the FTSE 250 with a £2.2 billion market capitalisation, as of May 2014. This financial services enterprise has been leading the way for four decades in terms of FX trading, contracts for difference and financial spread betting, in addition to execution-only stockbroking services. The IG Group has offices in many countries around the world, including Luxembourg, France, the Netherlands, Japan, Australia, Spain, the United Kingdom and the US. It is one of the most well respected entities in the world of binary options trading and as won multiple awards by leading authorities on the subject. These include the 2011 award from World Finance Exchanges & Brokers for Best Trading Platform, as well as the Best CFD Provider of 2010 by Money Magazine.
IG.com – Excellence in Trading
There is no doubt whatsoever that the IG Group is one of the most respected names in the industry. Traders can enjoy spread betting and CFD trading with total confidence, knowing that this broker is fully licensed and regulated under the trading name IG markets Ltd, and it is registered in England and Wales with the following license number 0400 8957. The company has its registered address in London and it is regulated and authorised by the Financial Conduct Authority as well as the Gambling Commission, with reference number 2628. Clients have access to an impressive range of tradable assets including indices, stocks, commodities and currency pairs. There are very few people in the financial services industry who do not have a profound respect for this binary options broker. In terms of actual trading, UK clients can enjoy tax-free profits on contracts for difference and spread betting. A wide range of trading tools is available to traders and there is plenty of room to employ technical and fundamental analysis on your chosen assets. Traders can place real-time trades on up-to-the-minute breaking news stories and the interface is user-friendly and robust. Among the many benefits to trading with IG.com are seminars, trading guides, market data, news and analysis, and an in-depth economic calendar. The products include spread betting, CFD trading, stockbroking, and spread betting versus CFDs. The range of markets includes options, binaries, commodities, shares, indices and Forex. IG.com is one of the most technologically advanced trading sites, catering to Android and IOS mobile traders with iPad dealing, mobile dealing etcetera.
Real Money Trading at IG.com
As a new trader at IG.com, you can easily create an account or practice on a free demo account. There are over 10,000 markets to choose from, with tight spreads on a much wider range. New traders have access to commission free trading during the first month, and there is plenty of flexibility with at quote and on exchange pricing. International shares have low currency transfer costs at just 0.3% and the trading platform offers reliability, accuracy, speed and on the go functionality. Since the company is licensed and regulated by the Financial Services Authority, it does not operate in a grey area that so many other nascent binary options brokers do. Australian traders will be heartened by the fact that IG.com is fully regulated by the Australian Securities and Investments Commission. The range of fee-free payments methods includes MasterCard, Visa and BPAY. Traders also have access to Telegraphic Transfer, Check Payments, Real-Time Gross Settlement and Electronic Funds Transfers. It should be pointed out however that US and Canadian traders are not permitted to trade at IG.com.
IG Markets isn’t only a binary options broker. They currently offer forex, stock trading, bonds, and access to more than 100 financial markets. However, the company is becoming increasingly popular in the binary options space. So, today, we’ll take a look at their binary options trading services to see how well they stack up against their competition.
The first word that comes to mind when it comes to IG Markets’ trading platform is “convolution”. In the world of investing, it’s best to work with a broker that has a singular focus. The reality is that because the broker offers a wide range of trading vehicles outside of binary options, their binary options trading space has become confusing. While I understand that it’s important to have all of the tools you need to be profitable, I have to say that at IG Markets, this is far overdone; making their trading platform one that lacks a solid user experience.
Deposits & Withdrawals
Minimum Deposit – One thing that stops many traders from getting started is high minimum deposits. However, with IG Markets, that’s not the case. There is absolutely no minimum deposit to worry about.
Deposit & Withdrawal Options – Traders that take advantage of the services provided by IG Markets have the ability to deposit and withdrawal funds using a credit card or wire transfer. Unfortunately, this is a very minimalist approach that’s not likely to sit well with some traders.
Customer Support & Education
When working with any binary options broker, you want to make sure that they offer quality customer support and educational services. After all, it’s important that if you have a question or concern, someone is there to address the problem. Also, if you’re a beginner, the broker should provide the necessary training documents to help you blossom into a professional.
- Customer Support – When it comes to customer support, I was incredibly impressed. Customers can contact support via phone, email, live chat or Twitter 24 hours per day Monday through Friday and from 9am to 8pm Saturday and Sunday. The staff is knowledgeable and eager to assist.
- Education – While IG Markets offers a vast educational section, it’s got a big flaw. Since the broker doesn’t have a singular focus on binary options, beginner traders will be reading and watching tutorials about trading concepts that don’t play a role in binary options; ultimately wasting time. Also, for the same reason, the broker is lacking some crucial educational materials in the binary options space.
While the fact that IG Markets offers access to more than 100 financial markets is unique in and of itself, I wasn’t able to find any unique features associated with their binary options trading service. All in all, their platform offers what just about any other binary options trading platform would offer. However, the other financial markets listed on the platform cause making trades to be a confusing process.
Unfortunately, I would not advise that anyone trade with IG Markets. The reality is that when you’re looking for a broker, you don’t want a “Jack of all trades!” Instead, if you’re looking to trade binary options, it’s best to find a broker that has a singular focus as a binary options expert. Don’t worry, there are plenty of quality brokers out there. To find a good one, read reviews of other brokers here!