IG CFDs Trading Analysis

IG offers derivatives trading including Forex, equities and CFDs.
Read on for our IG CFDs trading review where we discuss why IG has become a global sensation.

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Advocates of derivatives trading including Forex trading Australia experts know and appreciate the size and popularity of IG Markets. IG Markets is quickly becoming a household name in Australia, you don’t need to have read our IG Markets review to know this. Having been around since 1974, IG have 136,000 clients worldwide, boasts 10,000 markets for their clientele to trade and are listed on the London Stock Exchange with a market cap of 2.89 billion pounds.

While IG does not currently offer CFDs trading services in the United States due to strict legislation, the company expanded to Australia from the UK in 2002. IG CFD trading has grown to become the number one CFD provider for service and support in Australia according to a 2015 report.

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Why Use IG CFD Trading?

In short, IG makes trading instruments such as CFDs and FX simple. In under 5 minutes a prospective customer can sign the requisite forms and be opening an account. An introductory offer is also awarded to new customers in their first couple of weeks of trading. But there are a few more reasons why IG is great for CFD trading.

IG Experts For CFD Trading

Competitive Spreads

While not the absolute cheapest spreads on the market, IG CFD trading spreads are kept at consistent levels. A trader can trade Forex from 0.8 pips, shares from 0.1% commission (a minimum fee of $8 applies) and indices from just 0.4 points. Please bare in mind that IG’s lowest fees are only applicable to their proprietary trading platform and not white-labelled software such as MT4.

Trade Across Most Devices

IG CFD trading is made incredibly easy for traders the world over. The company provides clients with desktop, tablet and even mobile device trading apps so you can trade on the go or wherever you may be around the world. The internet has definitely made day trading faster, more convenient and more accessible than ever. IG has embraced this flexibility by providing traders with their state of the art trading apps available on iOS and Android.

IG CFD Trading Across Multiple Platforms

Massive Range of Markets

All brokers including Saxo Capital Markets offer clients a range of markets to trade and make money in but very few offer their customers more than 10,000! That’s right, IG clients will never be short of a market to dabble in no matter whether indices, FX, commodities, shares of IG CFD trading is their instrument of choice.

Stop Losses, Limits & Alerts

In short, IG has invested heavily in its software and allowing traders to trade securely with minimal latency. Stop losses, limits and alerts are all part and parcel of IG’s platforms ensuring users are not priced out of a trade or lose money due to slippage. Alerts are handy also at protecting clients’ capital if market prices move against their wishes. These tools are all effectively designed to protect traders from unforeseen market events. Essentially, IG is handing back some control to clients.

IG CFD Trading Boasts Stop Losses

Free Research Tools

This is really where IG shines compared to other brokers like Axitrader, IC Markets and Plus500. IG wants you to become a more successful trader. So much so, they’ve invested heavily in research tools and resources for customers so that they can always stay informed. Big deal you might say, every broker boasts one kind of research tool or another. While this may be true, not all brokers offer such extensive, well made trading resources; especially tools that are FREE! Trading derivatives such as CFDs carries immense risk as products are highly leveraged. This is why research and planning is always so important before trading CFDs. IG gets this hence the reason why they have invested so heavily in training and research tools.

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What Does It Cost To Trade CFDs With IG?

Usually when people ask this questions they want a simple answer, a singular figure. However, unfortunately we can’t give you this information as factors such as the market you choose to trade in will impact on price. Charges associated with holding positions for an extended period of time (overnight), the amount of leverage you trade with and the small price paid for guaranteed stops all adds to the cost of IG CFD trading. The thing most customers love about IG though is their level of transparency between costs and margins. The company is incredibly clear so you’ll always know what charges you’ll incur when trading with IG. Some typical spreads can be seen below:

CFD Trading Spreads For IG

Trading CFDs Is Risky

In simple terms, know your limit and don’t bite off more than you can chew because trading any derivative is risky. CFDs trading is particularly risky because most trades are conducted and high leverage levels in excess of 100:1. Should markets move against you, you could lose money. Moreover, as CFDs are a leveraged products, cfds can result in losses that exceed deposits. Please ensure you fully understand the risks involved with leveraged trading as you do not want your losses yo exceed you initial deposit.

Things To Remember When Trading CFDs

We’ve just touched upon some of the risks associated with trading CFDs or FX. However, there are a number of things to consider and remember when trading with IG:

  1. Be sure to have plenty of money in your trading account to cover both the margin and losses if they should arise.
  2. CFD accounts are margined independently with money in one account not covering the margin requirement or losses incurred in another.
  3. Traders can limit their potential losses and significantly lower their margin requirement by utilising stop losses.

A Summary Of IG CFD Trading

Our panel of experts has spend a great deal of time research IG in addition to a number of other top Australia FX and CFD brokers. What we found in IG Markets was a well known, reliable broker with state of the art trading technology compared to CMC Markets, Pepperstone and easyMarkets. Opening an account with IG is incredibly easy (it took us less than 5 minutes) and no minimum balance or deposit is required to launch an account. A real point of comparison for us was IG’s FREE research tools. Most other Australian brokers charge consumers for the right to use their tools and trading resources. We believe IG encourages learning and responsible trading with these free tools. The huge range of markets offered by IG was also a competitive advantage few Australian CFD brokers could boast. In short, if you’re looking for a reliable broker with a long track record of success, its hard to look past IG.

Visit The IG Markets Website