IG Markets [2021 Review]: A World Of Trading Options

December 1, 2020
Brokers
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IG Markets came into inception in 2014 and since then the broker has established itself as a reliable name in the UK market. IG Markets offers stock indices, forex, commodities and crypto. Moreover, it has a proactive customer service coupled with some basic yet informative educational resources. The broker is regulated by the esteemed Financial Conduct Authority of the UK and with more than 800 stock indices and 20 forex pairs IG Markets promises to be a good platform for anyone looking to trade in these assets. Click the link below to join now

Also check out Capital.com the highest ranked broker in our database which offers a diverse range of stocks, ETFs, bonds, crypto, commodities and CFDs. With one of the best customer service coupled with the most comprehensive educational resources in the industry, Capital.com promises to be a good platform for your trading endeavors.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with IG Markets and scored our findings on a 10-point scale across 10 distinct categories.
 IG MarketsCapital.com
1 - Fees710
2 - Signup Process710
3 - Minimum Deposit1010
4 - Ease of Use810
5 - Deposit & Withdrawal Options510
6 - Customer Support710
7 - Asset Classes910
8 - Referral Program 01
9 - Demo Account & Educational Resources710
10 - Safety & Regulation1010
TOTAL7091

Introduction

Launched in 1974, IG Markets is one of the oldest players on the block when it comes to brokers. The broker offers a plethora of assets for users to trade-in, making it a great marketplace for traders. Moreover, the broker is regulated by the prestigious FCA granting much-needed security for users. IG Markets is available in 15 nations and the list is as below:

Australia
China
Germany
Hong Kong
India
Ireland
Japan
Malaysia
Netherlands
Singapore
South Africa
United Arab Emirates
United Kingdom
United States

If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.

Pros & Cons

ProsCons
Plenty of Stock IndicesInactivity Fees
Decent Number of options in most asset classesSlightly expensive forex pairs
Regulated By a tier 1 regulator in the UK’s Financial Conduct AuthorityDelayed customer service response via email
Good InterfaceExpensive trades via phone
Decent Education Resources 

The broker generally has a good variety of stocks, stock indices, commodities and crypto. This offers individuals looking to trade different assets to use the IG Markets platform. Another advantage is that the broker is regulated by the Financial Conduct Authority of the UK which is a tier 1 regulator. The broker also has a decent and friendly user interface coupled with some decent beginner guides to get you started with trading.

However where there are pros there are cons. The broker has an inactivity fees and slightly expensive forex pairs at times. Moreover, response via email can be slow and not too helpful via phone. If you trade via phone it can be very expensive. Brokers like Capital.com offer a free dedicated account manager somthing not offered by most brokers and if someone needs assistance and it is too expensive then they may switch to another broker.

Word of Caution

Dealing with CFD’s is very risky because you are trying to predict the price of an underlying asset. Usually, 70% of consumers lose money when they invest in CFDs with different brokers. Hence, you should try and only invest in CFDs when you have good knowledge of how CFD’s work. Now let’s have a quick look at some pros and cons of using this broker.

Account Types

With IG Markets you get what you see. You do not have to choose between tens of accounts, there is just one account type that all users can use whether they are advanced or beginners.

CFD Trading Account

Some brokers allow you to trade real asssets and CFDs with the same account type. However, with IG Markets you have the choice to open a separate account type for CFDs.

CFD Trading & Spread Betting Account

This account type allows for the CFD Trading and Spread Betting which is a good option if you are into the 2 account types. It is aninteresting concept that you need to make an account type for these 2 activities as they can be a bit risky. However, spread betting maybe something new for many of our readers, it consists of you betting on the outcome of an event and you get the payoff based on the accuracy of your results, hence you avoid absolute gains and absolute losses, this way.

Share Dealing & CFD trading account

With this account type you can trade normal assets like shares, stock indices along with the CFDs fro these assets if you are into these assets. This is the normal account type that you can use incase you want to trade normal assets rather than CFDs.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Fees

Fees are one of the major factors that help in deciding if you should go for a broker or not. With so many brokers in the market, it can be hard to find a broker that does not have high trading costs associated with it, but we’re here to help you out. Let’s examine the fee structure for IG Markets and see how it fits the bill.

Non Trading Fees

These fees are related to activities that are not directly linked with trading. Such as deposit fee, withdrawal fee, inactivity fee and membership fee. These can be quite annoying at times for users hence, the lesser these are the better it is for users and the more value a broker offers.

Deposit & Withdrawal Fees

There are $0 deposit or withdrawal fees for IG Markets. This is a good sign because brokers often have withdrawal fees associated with the service. We feel that many brokers come off as a bit deceptive in this regard because they usually don’t charge fees when it benefits them, that is when it’s you putting money into their platform, but then they’ll make it difficult for you to get your money back by charging exorbitant withdrawal fees. We at Yore Oyster feel that withdrawing your own money is a right and not a privilege and kudos to IG Markets for not charging withdrawal fees, especially for small amounts, as most brokers do.

Commissions & Inactivity Fees

No commission fees are associated with your IG Markets account. However, there is an inactivity fee of $15 that is applicable after 2 years of inactivity. Even though they charge an inactivity fee, most brokers charge it after only a couple of months, so having 2 years is more than a decent amount of time for users to take their money out in case they do not want to trade with IG Markets. Still, no inactivity fee is always better than a small fee, so it’s still not perfect.

Trading Fees

These are often associated with activities related to trading. Trading fees include commissions and spreads associated with trading different asset classes. Let’s discover the trading fees associated with the broker to see the kind of value provided for different types of users.

Forex Spreads

Let’s examine the forex spread rates to see if it is feasbile to trade forex with the broker.

Currency PairMinimum SpreadAverage Spread
EUR/USD0.61.13
AUD/USD0.61.33
USD/JPY0.71.26
EUR/GBP0.92.51
GBP/USD0.92.38
EUR/JPY1.52.57
USD/CHF1.52.29

The minimum spread rates are decent and start with 0.6 pips which is a decent price. However, the average spreads are almost twice the minimum stated spreads. The average spread rates for EUR/USD, AUD/USD & EUR/GBP spread rates are slightly on the expensive end. However, IG Markets still provides some decent value for some forex pairs. For instance, the USD/JPY rates with other brokers can go up to 4 pips and the average spread of 1.26 pips with IG Markets offers some really good value. Moreover, the EUR/JPY and USD/CHF are also of really good value because even the minimum spreads for these pairs are often greater than the average offered by IG Markets. If you are looking for a broker with low forex rates also check out, Tickmill which allows you to get started from 0 pips.

Stock Commissions

Let’s have a look at the stock commissions with IG Markets. Often brokers with stock commissions rather than spreads can be quite expensive at times.

Stocks Available0 – 2 Trades A Month3+ Trades A MonthPhone Dealing
US shares£10£0£50
UK shares£8£3£40
European shares0.10%0.10%£50
Australian shares0.10%0.10%A$50

IG Markets 0-2 Trades In A Month

The broker charges £10 for US shares and £8 for UK Shares when you make under 2 trades. This offers decent value for brokers that offer stocks like IG Markets rather than CFDs. The European and Australian commission offers some really good value aswell. For instance, the commission of £100 in trades is £0.1 which is a decent value.

IG Markets 3+ Trades In A Month

If you make more than 3 trades there is no commission for US shares which offers amazing value for users who trade more than 3 shares a month. The commission for UK Shares also significantly decreases when you trade 3 or more shares. This shows that the broker is trying to build a loyal customer base by giving so many incentives to active traders who trade regularly rather than passively.

Phone Trading Rates

The rates for phone trading are quite expensive. Especially because of the fact that some of brokers have free dedicated account managers. However, if someone is making a bulk trade they may want to use the broker for placing large trades or getting advice before they invest a large sum of money in a particular asset. However, in either case we recommend that you always do your own due dilligence before investing heavily in any asset especially commodities as prices can vary alot in that market.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

Final Verdict On Fees

The mixed performance of forex pairs coupled with the inactivity fees means that the broker scores a 7 here rather than something more substantial.

IG Markets Fees Score: 7/10

#2 Signup Process

The sign-up procedure for easyMarkets is pretty simple and self-explanatory. You need to upload documents verifying your identity & proof of address. The identity documents required may include:

  • Passport
  • Both sides of your ID Card
  • Both sides of your driver’s license

In order to get proof of address you need:

  • Utility bill in your name
  • Bank statement in your name

You can easily apply for your account online. However, the verification of your account tends to take up between 2 to 3 business days.

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict Signup Process

The fact that the verification of your account tends to take up between 2 to 3 business days means the broker loses few points in this dimension as there are brokers like Capital.com that allow you to get signed up the same day such as Capital.com.

IG Markets Signup Process Score: 7/10

#3 Minimum Initial Deposit

The minimum initial deposit is $10, which is a meagre sum. However, the minimum recommended deposit by the broker is $50 so that you can properly invest in a couple of forex pairs, stocks or any other asset and learn how to trade by building a small portfolio and testing out a strategy rather than buying a single low priced asset that would not yield any significant profit. The fact that you can get started with a deposit of only $10 means that the broker gets a perfect score in this section. However, if you want to get started with no minimum initial deposit requirement, do check out Webull, IronFX & Qtrade as these brokers require no minimum initial deposit at all.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict IG Markets Minimum Initial Deposit

The score here is a perfect 10 as the broker allows anyone and everyone to easily deposit $10 and test out the platform. This offers some amazing value for beginners to get a feel for trading with the broker.

IG Markets Minimum Initial Deposit Score: 10/10

#4 IG MarketsEase of Use

The broker has a really good application for desktop, web and mobile. Moreover, the platforms offer decent customization aswell. IG Markets also offers Meta Trader 4 platform which is a very famous trading platform. We will cover Meta Trader 4 in detail after the proprietary platform of IG Markets.

IG Markets Desktop & Mobile Platforms

The application has a mobile and desktop version. Customers have provided a lot of positive reviews on Appstore and Playstore regarding the efficacy of the mobile platform in terms of offering an intuitive way for consumers to easily trade. Both versions have similar interfaces. However, the mobile version is a bit more intuitive and allows you to keep a track of your portfolio on the go.

The apps are also encrypted with 256 bit SSL encryption technology that really helps users in keeping their trades and data secure. You can also set alerts for particular assets and events. You can also get market news analysis through the news feed feature.

IG Markets Web Platform

IG Markets offers a progressive web app (PWA) that is accessible from any device. The web-based platform offers an instant view of market prices and spreads with guaranteed stops and limits to help you keep an eye on profit and loss. The progressive web app is a good alternative to other platforms like the desktop and mobile apps incase you are not mobile or desktop application.

Interface In General

The main dashboard interface for both platforms is pretty comprehensive and shows visible trends of your asset which can allow you to trace variances associated with its price. For instance, you can see a detailed dashboard in the picture below where you can view different metrics in different visualizations.

IG Markets

IG Markets Research Tools

Research tools often enhance how we make our trading decisions. They can often help individuals by providing them with historic trends, or suggestions based upon previous trends. IG Markets offers two good research tools in Trading Alerts and Signals.

IG Markets Trading Alerts & Signals

IG Markets offers trading alerts for movements in the value of your portfolio. This can be essential in times like these when markets are volatile and you should be cognizant of your asset value at all times.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

ArabicGreekPersianGerman
BulgarianHebrewPolishMongolian
ChineseHindiPortugueseThai
CroatianHungarianRomanianTraditional Chinese
CzechIndonesianRussianTurkish
DanishItalianSerbianUkrainian
DutchJapaneseSlovakUzbek
EnglishKoreanSlovenianVietnamese
EstonianLatvianSpanish
FinnishLithuanianSwedish
FrenchMalayTajik

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.

Multibank

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict Ease Of Use

The trading signals help you ensure that you get signals in the form of suggestions to buy, sell and hold assets based on potential market information, trends and signals. This is where you can take advantage of good predictive analytics to get actionable insights. However, a drawback is that the broker lacks advanced statistical tools and metrics for power users due to which they score an 8 rather than a perfect 10.

IG Markets Ease of Use Score: 8/10

#5 IG Markets Deposit & Withdrawal Options

IG Markets does not do a good job in this dimension as the only mode of depositing and withdrawing funds is via a credit card or debit card and the broker offers no other ways in which you can deposit or withdraw your funds. Often, brokers have a lot more options with which you can deposit and withdraw your funds such as bank transfers, online wallets like Skrill & Paypal, so, not a good score in this particular category for IG Markets.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict On Deposit & Withdrawal Methods

The score here is a 5 rather than something higher because the broker does not offer a lot of deposit and withdrawal options unlike other brokers. IG Markets could do better here by offering alot of e-wallets and bank and wire transfer.

IG Markets Deposit & Withdrawal Options Score: 5/10

#6 IG Markets Customer Support

You can get customer support through various platforms with IG Markets. Some of the options that are available include:

  • Live Chat
  • Email on [email protected]
  • Telephone on +61 3 9860 1799

Customer support is available 24/5 during weekdays, which is pretty decent. However, email support is slightly slow and the broker does not offer customer service on weekends.

Pros Cons
Quick Live chatMay not get relevant answers via live chat
Detailed & Quick Response via Phone24/5 rather than 24/7
Detailed Response On EmailSlow Email Response

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict Ease Of Use

The broker has good live chat and phone service. Email service can be slow at times and the fact that the broker does not offer 24/7 cusotmer service across platforms means that it loses afew points here. Hence, the broker scores a 7 on this dimension rather than a 9 or a 10.

IG Markets Customer Support Score: 7/10

#7 IG Markets Asset Classes

IG Markets Currency Pairs

In terms of Forex, IG Markets offers more than 20 currency pairs in major pairs, minor pairs, emerging pairs and exotic pairs. Some of the pairs offered are:

Major Pairs:GBP/USD EUR/USD USD/JPY
Minor Pairs:USD/ZAR SGB/JPY CAD/CHF
Emerging pairs: USD/CNH EUR/RUB AUD/CNH
Exotic Pairs: EUR/CZK TRY/JPY USD/MXN

The table above illustrates the most famous pairs offered in each currency type by IG Markets. This offers a unique variety that is not offered by most brokers. Emerging and Exotic pairs are not offered by many brokers and IG Markets offers some currencies like TRY/JPY & USD/MXN that are hard to find.

IG Markets Crypto

IG Markets offers 6 cryptocurrency options for users which are:

  • Bitcoin (USD)
  • Ether (USD)
  • Litecoin (USD)
  • Ripple (USD)
  • Bitcoin Cash (USD)
  • Crypto 10 Index

6 cryptos is not much of a range but it is twice what most other brokers offer in the market. However, a feature I like is that they have a crypto index as well which is something unique that we have not seen much of. Dealing with cryptos can be a bit volatile so an index can help in hedging that risk, however, it can also be risky because of the volatile nature of the crypto market as a whole because regulators in most countries are not akin to it and keep stacking regulations against it.

IG Markets Commodities

IG Markets offers some common types of commodities which include:

Spot Gold
Spot Silver (5000oz)
Brent Crude
US Light Crude
Natural Gas

Crude oil, natural gas and gold are offered which are popular commodities traded amongst traders. This can help in making a diversified portfolio providing some decent value to users.

Stock Indices

More than 80 indices are offered by IG Markets. This offers plenty of options for users and some of the most important indices offered are as below:

Wall Street
HK50
US 500
FTSE 100
Australia 200
Germany 30
Crypto 10 index

The indices offered to cover an entire range for instance, that you can trade in indices from Hong Kong, Australia, Germany & the USA giving users a lot of variety and they offer one of the most diverse portfolios for trading stock indices. Indices are often a good way of investing passively because they generally increase in price over time. A reason for this is that you are not investing in 1 stock but a weighted average of many of the stocks that are performing well in the stock market which generally rise in the long term.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict IG Markets Asset Classes

The broker scores a decent 9 because of the diverse asset portfolio it has. It does not offer a lot of bonds is the only reason due to which it loses a point in this dimension.

IG Markets Asset Classes Score: 9/10

#8 Referral Program

Referral programs play an important role in making trading fun because you can use the platform with friends and learn more. However, there is no active referral program for IG Markets for individual users. This reduces the chance that you have to earn more funds by referring more friends.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict On Referral Program

The broker does not have a formal referral program. Hence, the score for this dimension is 0 as IG Markets misses out on an opportunity to rope in new users and make trading fun for newcomers.

IG Markets Referral Program Score: 0/10

#9 Demo Account & Educational Resources

Having a good demo account and educational resources to practice trading skills can be beneficial for an individual.

IG Markets Demo Account

IG Markets offers a really good demo account. Demo accounts are a great way of training individuals as you can trade with fake money and test out your skills. However, the demo account is only available for a few weeks after which it expires, which does not bode well for new traders who may need the demo account for a longer period of time to train themselves.

IG Markets Educational Resources

IG Markets offers some basic yet decent resources to help you strengthen your understanding of trading. The resources offered include:

  • Video tutorials on the basics of trading & trading strategies
  • Glossary of key terms

The resources provided are not very detailed to completely train you in the theoretical as well as practical knowledge of trading but they do provide you with a solid understanding of how assets are traded using the platform. Having even basic educational resources is good for brokers because everyone looking to use brokerage apps for trading may or may not be well versed in the art of trading. Hence, it is always a good idea to have brokers that offer good basic educational resources so that users at least know how to use the platform and what benefits it may or may not bring.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict Education And Demo Account Resources

The time limit on the demo account coupled with the minimal educational resources means that the broker only scores a 7 in this dimension.

IG Markets Demo Account & Educational Resources Score: 7/10

#10 Safety & Regulation

IG Markets is regulated by authorities in the UK. It augers well for users that the broker is regulated by a tier-1 regulator like FCA because it is a strong regulator and one that has regulated a lot of international brokers. The trading platform also has added safety features such as encryption of private data so that other individuals cannot easily hack into.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is IG Markets Safe?

The broker gets a perfect score because it is regulated by a tier 1 authority. Moreove, IG Markets also has encryption and other tools to keep user data safe which is something really good in today’s day and age where cyber security of personal information is so important.

IG Markets Safety & Regulation Score: 10/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

IG Markets vs. Capital.com

IG Markets has a decent asset portfolio, a good demo account and some really good safety and regulation. However, there are a few dimensions where our highest ranked broker Capital.com is better than IG Markets. Let’s have a look.

More Asset Options

When it comes to trading options the more options a broker offers, the better it is for you to build diversified portfolios. Capital.com simply gives you more options by offering more assets such as bonds, more than 20 commodities and 1,700 stocks from all around the world.

More Deposit & Withdrawal Options

Capital.com allows you to deposit and withdraw funds through much more options than IG Markets. You can deposit and withdraw funds via

  • Online Wallets like Paypal, Skrill & Neteller
  • Bank Transfer
  • Credit & Debit Cards

This allows users to use the platform that they feel comfortable to deposit and withdraw funds. moreover, there are no deposit and withdrawal fees so there is no restriction in that regard and you can trade freely.

Stronger Educational Resources & An Amazing Demo Account

Capital.com has an unlimited demo account that you can use for as long as you want to train yourself. Moreover, the demo account has most of the features of the live account.

IG Markets has some basic educational resources however, Capital.com is like a hub for learning the art of trading. Often brokers offer a few basic educational resources for traders like IG Markets but Capital.com does a comprehensive job in this regard and it is with you in the journey for you to become an experienced and successful broker. Some of the resources offered include

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

The resources offered to users start by teaching you how the platform works and then with webinars and articles Capital.com keeps you updated with what’s happening in the market. Capital.com also offers asset trading training guides.

Training Guides

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides

Capital.com has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

So what are you waiting for signup today for the best broker in town and enjoy the rewards

Related: If you want to learn more about this broker, you can read this excellent review of Capital.com.

In Summary

IG Markets offers a lot of asset types that offers some really good value to users. Moreover, they have a decent customer service coupled with loads of regulation and safety features. I feel the options they offer for stock indices are unparallelled by most brokers hence, the broker does really well in this regard. Signup for IG Markets today, if you are someone looking to build a diversified portfolio account.

However, Capital.com is a much better broker with no inactivity fees. You can learn to trade various different assets using the educational resources available on the platform. Moreover, Capital.com also offers many more assets like bonds and a wider variety of stocks and commodities in addition to the assets offered by IG Markets. Join Capital.com now to trade with a holistic platform and become a champion trader.

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