IG Index Review
User Rating: 7
Overnight Financing Costs: LIBOR +/-2.5%
Key Spreads and Margin Requirements:FTSE100 Daily: Spread: 1 (6)* Margin Requirement: 25
Dow Jones Daily: Spread: 2 (4)* Margin Requirement: 50
GBP/USD Spot: Spread: 1 Margin Requirement: 80
EUR/USD Spot: Spread: 0.8 Margin Requirement: 65
Gold Spot: Spread: 5 Margin Requirement: 140
US Crude Futures: Spread: 4 Margin Requirement: 85
UK Shares Rolling Daily: Spread: 0.20% Margin Requirement: 10%
US Shares Rolling Daily: Spread: 0.20% Margin Requirement: 10%
* - Spreads in brackets indicate 'out of market hours' spreads.
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About IG Index
By far the leading financial spread betting broker and indeed the founder of the whole concept of spread betting, IG Index is a titan to be reckoned with in the online brokerage market. In the 1970s, IG Index was set up by banker Stuart Wheeler to provide investors with alternative means of speculating on the price of commodities, a method which grew to become the globally popular financial spread betting that is so prolific today.
Across four decades, IG Index has provided investors and traders with innovative alternative investment services, not least financial spread betting for which it is perhaps best known. As the market leader, IG Index is an often popular choice for new spread bettors. But does the reputation and hype live up to the service on offer, and is IG Index a worthy winner?
The most notable benefit about trading through IG Index is the slim spreads on offer across an extensive range of different markets. Because IG Index is so big, it can afford to be ultra-competitive on the spreads it offers its clients, bringing traders some of the shortest spreads on the market for financial spread betting. This translates into cheaper trading, leaving more money in traders' pockets when all's said and done.
Furthermore, through being one of the true colossuses of the industry, IG Index can afford to run spread betting markets across a wide range of markets and sectors. IG Index has a great deal many more markets to make in spread betting, and as a result is forced to respond to the demands of its clients in offering new, alternative investment markets. This delivers more choice for traders and the option to take advantage of opportunities across the most diverse base of different markets possible, making it easier to diversify and opening more avenues to profit from the day's trading.
IG Index traders also get the benefit of access to one of the world's most advanced market analysis and charting tools, Autochartist, providing detailed information and resources traders can use to make spread betting decisions. With this high-tech level of analysis built in to the standard IG Index account, traders can get a real head start over traders at competing brokers and better identify trading opportunities as early as possible.
Incentives & Bonuses
The incentives to trade with IG Index are there, and as one of the world's foremost spread betting brokers, they don't disappoint. Traders can benefit from strong customer service support and an intuitive trading platform in addition to spread betting across a wide range of different markets. But aside from that, the free Autochartist subscription thrown in by IG Index amounts to $49 a month, every month, for new IG Index spread betting customers. As one of the most advanced charting tools in its own right, this can be of considerable value to traders looking to identify potentially lucrative spread betting opportunities.
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Introduction to IG Index Spread Betting Platform
IG Index Customer Reviews
There are 4 customer review(s).
Review by Marion on 2013-05-31Rating: 10
The IG platform is very well conceived and intuitive indeed, as advertised. That said, you have to be very smart, knowledgeable and disciplined to profit from this activity. In the end you either make tons of money or you lose it all (get destroyed, as the saying goes). Two, three profitable trades per day - whenever the opportunity arises. Also bear in mind that you don't have to trade every day. That's it, good luck! Ciao! :-)
Review by Johnny on 2012-02-05Rating: 7
Very easy to use and a great choice of markets.
Review by Tim on 2011-01-12Rating: 1
I am a seasoned gambler (private account manager at Betfair etc), key account at Ladbrokes. I used IG to have a bet on the stock market. Very easy to use but when I went away for a few days they reduced my position weithout so much as an e-mail stating that they had done so nor a phone call. City Index when I last used them would always phone for a margin call. When writing to ask for an explanation my account manager did not even reply. Arrogance and incompetence rolled in to one (5 stars for that). Do not touch them with a barge-pole.
Review by Roger on 2010-12-09Rating: 9
A very professional company providing fast and accurate execution of orders. Their platform is elaborate and friendly to use.