IG group has the distinction of being founded as the world’s first spread betting firm in 1974 by Stuart Wheeler. IG lays claim to being a global leader in forex trading and our research confirms their claim to be true. It has 178,000 clients spread across five continents and it offers cost-effective product catalog. It has built its reputation primarily on range of services it provides to its clients at affordable prices. At this moment IG is ranked as the world’s top CFD provider thanks to its singular emphasis on providing a variety of services to suit requirement of its varied customers across the world. IG has re-entered the U.S. market at a time when most forex brokers shy away from this region due to very tight regulatory requirements. IG’s decision to submit itself to the vigorous American regulatory requirements speaks volume about the quality of its service.

While we were studying IG’s business model and its conduct in the market, what pleasantly surprised us the most was its complete transparency not only with regulatory bodies but also its clients. It has a well designed and easy to navigate website chronicling its entire business operations and methods employed therein.

Review:

IG has gone big. It doesn’t believe in incremental progress. It believes in exponential growth. The manner in which it has taken the unpredictable bull of market by its horn has surprised one and all. At a time when well established Forex brokers are sailing away from the American shore fearing a tighter than ever before regulation, IG has decided to re-enter the U.S. market. The re-entry of IG in the U.S. market has proved that it is not in the forex market to play safe. It is here to go big and achieve what others feel to be unachievable.

IG’s insatiable quest for market domination has paid off and it has emerged as the number one forex broker in the U.S. market. It, IG forex broker, has ensured its clients’ access to a wide range of markets, top-notch research. The number one forex broker also puts a lot of emphasis on providing best education material developed by its own in-house experts to its clients.

IG offers its service to anyone in any part of the world with a desire to trade in CFDs. However, in the US, IG provides services to those who want to trade the foreign exchange markets. What makes this broker best placed to compete in the overcrowded online broker market is its strategy to keep the spread cost low and its emphasis on providing the best customer services. To top it all, it also provides quality education material to its clients and actionable research. IG’s wide range of offerings and focus on research and education gives it an edge over its peers. The security available to its clients can be guessed from the fact that it has re-entered the U.S. market which is considered to be too tightly regulated. We, who spent a very long time evaluating IG’s services and other features, are of the opinion that when it comes to online forex broker IG brokers are unparalleled and very safe to trade with. Their top-notch services brought to prospective clients at an affordable price make trading with them very lucrative.

Pros:

• IG services offers a wide range of products to its clients. However, in the U.S.A., IG is for only those clients who want to trade the foreign exchange markets.
• It has been rated the best Forex broker for the U.S.A traders. It maintains its dominance globally too for its cost-effective, efficient, and transparent services.
• Maintains complete transparency with its clients and keep them up-to-date with company’s policies. Transparency in forex market is vital as without complete knowledge a trader might make the mistake of putting his/her money on the wrong assets.
• Its research materials are developed by its own in-house experts. The standard of these research materials is very high.
• IG is also obsessed about bringing best education to its clients. New traders can use easy-to-browse website of IG to understand the nuances of forex trading before setting on the journey of trading.
• IG offers protection for its U.K and the EU clients’ accounts.

Cons:

• Though trading with the IG online broker is easy and safe, the U.S. clients are not covered under its protection.
• Another flaw with the IG affects the US clients exclusively. The flaw is that IG provides no guarantee of stop losses for US client.
• There is no scope of copy-trading on IG’s platform. Back-testing integration is also not available on any of its platform.
• The last flaw which will affect not only US clients but clients all over the world is that fees of share-CFDs are quite high.

Conclusion:

IG has been able to position itself as the most efficient online forex broker by making trading with it very easy even for traders who are just beginning their journey of trading. It is a company which truly understands the significance of keeping things simple. If we pay close attention to its business strategy then one thing which become clear is that IG’s motto is never to complicate things which are simple and never to oversimplify things that are complicated. Its user-friendly easy to browse website gives a holistic picture of trading step by step. This ensures that its clients, irrespective of their knowledge and experience, understand all the things that go into trading. Research material and emphasis on quality education for its clients lend extra shine to IG’s aura.

IG is one of the few online brokers who offer its clients uninterrupted access to a wide array of offerings that cut across a vast asset class. Clients are provided access to forex, indices, bonds, ETFs, options, industry sectors, and interest rates. However, on the flip side, IG doesn’t provide to much security to its US clients. US clients don’t have protection against “negative balance protection”, which means that a client may end up losing more money than his account balance. And for UK clients, fees for trading in share-CFDs is head and shoulder above the industry standard.

 Despite some drawbacks for the US and UK clients, IG remain the best online broker for primarily three things:

• Safety for traders is world class. IG is regulated by some of the biggest names in the regulatory world. IG go where almost everyone fears to tread because its ambition is going big or not going at all.
• It makes trading experience flawless. IG puts a lot of emphasis on providing standard customer services.
• Research materials and education content provided are of very high standard.

When we compare IG’s services to those of any of its peers, one thing becomes absolutely clear: IG is a leader in the online forex brokering and has no competition from its peers. It is not only very safe but also very lucrative to trade with this company. It is a company which is never satisfied and is always in expansion mode. It always brings handsome dividend trading with those have fire in their belly. IG has an insatiable desire to be the best among the best and its achievements have proven that it is on the right path. We can’t help ourselves but give IG five stars on a scale of five. The company’s rise and rise demands nothing but a perfect score.