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IG US Review 2024

Dan Blystone
Updated: Apr 18, 2024
Overall Rating
  • Trust
  • Fees
  • Platforms and Tools
  • Tradable Instruments
  • Customer Support
  • Research
  • Deposit and Withdrawal
  • Account Types and Terms
  • Education
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.

    This review covers IG US. If you are not a US citizen, please visit IG review.

    Our Take on IG US

    IG was founded in 1974, making it by far the oldest broker I have reviewed for FX Empire. The London-based forex industry giant now has over 300,000 clients and offices across five continents. IG Group Holdings PLC is listed on the London Stock Exchange and has a market cap of over £2.5B at the time of this writing. IG US launched in 2019, providing access to spot forex trading with leverage and tight spreads.

    IG US is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). As a principal model broker, trading costs are reflected in the spread. Clients of IG US can access 82 currency pairs via the IG Web Trading Platform, the IG Mobile App, and the MetaTrader 4 Desktop and Mobile App. Read on to learn if this award-winning forex broker is a good fit for you.

    In the forex market, traders can take long and short positions, making it possible to find opportunities in rising and falling markets.

    Recommended in 6 best broker guides: 
    US Brokers | Platforms | Low Spreads | Beginners | MT4 | Professionals

    IG US Pros and Cons

    Pros Cons
    • High trust rating
    • Tight spreads
    • Fast execution
    • Feature-rich platform
    • Industry-leading research
    • Premium account rebates
    • Excellent educational resources
    • Lacks chat support
    • Inactivity fee
    • Markets limited to spot forex


    IG US Highlights for 2024

    • As a long-established, financially stable broker regulated by top-tier NFA and CFTC, IG US earned a high trust rating in my assessment.
    • After weeks of rigorous testing, I determined that the IG Platform is user-friendly and rich in innovative features.
    • IG offers a number of unique features built into its web-based platform, for example, client sentiment data and trading signals from Autochartist.
    • My live tests showed that IG US provides some of the most competitive trading costs in the industry, with highly competitive spreads in popular pairs like EUR/USD and GBP/USD.
    • I found room for improvement in customer support, as IG US does not offer assistance via live chat.
    • Beginners can benefit from excellent research and educational materials from the IG Academy.
    • Advanced traders can take advantage of Premium Client Services, which provides rebates of up to 15%, a personal account manager, and customized analysis.

    What Sets IG US Apart?

    IG US is a forex industry pioneer with a remarkable proprietary platform, highly competitive trading costs, and a substantial range of available currency pairs. The client sentiment data provided by IG US is especially valuable due to the sizable client base that it draws from.

    Who is IG US For?

    IG US is an excellent choice for United States traders seeking access to the spot forex markets. Competitive trading costs and features like 1-click trading make IG US suitable for day traders and scalpers. The low swap fees make the broker attractive for swing traders and long-term investors.

    In this review, we focused on the IG US LLC entity. which is a registered retail foreign exchange dealer (RFED) with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA ID 0509630). We conducted our tests using a Standard Account via the IG Trading Platform.

    IG US Video Review

    IG US Main Features

    ☑️ RegulationsCFTC (United States), NFA (United States)
    🗺 Supported Languages
    💰 ProductsCurrencies
    💵 Min Deposit$250
    💹 Max Leverage1:50 (CFTC), 1:50 (NFA)
    🖥 Trading Desk TypeDealing Desk, Market Maker
    📊 Trading PlatformsMT4, Proprietary
    💳 Deposit OptionsWire Transfer, Credit Card, ACH, Visa, Mastercard
    💳 Withdrawal OptionsWire Transfer, Credit Card, ACH, Visa, Mastercard
    🤴 Demo AccountYes
    🗓 Foundation Year1974
    🌎 Headquarters CountryUnited Kingdom
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    IG US Full Review


    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    IG US performed much higher than the industry average in the Trust category. It earned a strong trust ranking from FXEmpire in light of being regulated by the NFA and CFTC, its lengthy operating history, financial stability, and transparency. IG Group is a member of the FTSE 250 and holds a long-term investment grade credit rating of BBB- with a stable outlook from Fitch Ratings. The company has also signed up for the FX Global Code of Conduct, a set of principles of good practice in the foreign exchange market.

    • IG US LLC is a registered retail foreign exchange dealer (RFED) with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA ID 0509630). We rate CFTC and NFA as Tier-1 regulators.
    IG US LLC on the National Futures Association (NFA) Register
    IG US LLC on the National Futures Association (NFA) Register

    Why is it important to know where your broker subsidiary (entity) is regulated?

    Different regulators provide different levels of protection. IG clients in the United States do not have negative balance protection, and their funds are not segregated. IG US LLC holds client funds in the same bank account as operating funds because US regulations do not permit forex accounts to have segregated account status.

    In the unlikely event that IG US LLC becomes insolvent or files for protection under bankruptcy laws, clients may have only an unsecured claim against their deposited funds. IG US LLC would pay all debts to creditors before any unsecured claims in the event of liquidation.

    Entity IG US LLC 
    Country/Region US
    Regulation CFTC, NFA
    Segregated Funds No
    Negative Balance Protection No
    Account Insurance No
    Maximum Leverage 1:50

    I gathered the data listed above in September 2023. Regulatory requirements are subject to change.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, the company’s size, and its transparency.

    IG traces its origins to 1974, marking it as one of the oldest and most experienced forex brokers. According to its LinkedIn page, the company is headquartered in London and has 1,001-5,000 employees.

    In my research, IG US showed high transparency in its regulatory status, listing its regulators in the footer of each page of the website. The website breaks down fees clearly on the Trading Costs page. Traders can find the Customer Agreement on the Terms and Agreements page.

    To summarize, my findings indicate that IG US can be regarded as having a high level of trust and stability due to the following qualities:

    • Regulated by top-tier NFA and CFTC
    • Almost 50 years of operating history
    • Publicly traded company valued at over £2.4 billion
    • High level of transparency


    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    My hands-on tests showed that IG US offers highly competitive trading-related fees. Spreads in major pairs are among the tightest in the industry, and swap fees are better than average. Premium clients can also earn substantial rebates, further lowering costs. There is an inactivity fee, but this only occurs after an account has been idle for two years.

    Trading Fees

    I tested the spreads at IG US across different currency pairs using the IG Platform. The test was done at 8:00 a.m. GMT and at 4:00 p.m. GMT on 26 September 2023. I made the tests at two different times to allow greater perspective. 8:00 a.m. GMT is the London open when there is a great deal of liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.

    Instrument Spread AM Spread PM
    EUR/USD 0.8 Pip 0.8 Pip
    GBP/USD 1 Pip 1 Pip
    USD/CHF 1.5 Pips 1.5 Pips
    USD/JPY 0.8 Pip 0.8 Pip
    GBP/JPY 2.5 Pips 3.2 Pips
    USD/CAD 1.5 Pips 1.5 Pips
    AUD/USD 1 Pip 1.3 Pips
    NZD/USD 2.6 Pips 2.6 Pips

    IG US spreads are highly competitive in major pairs like EUR/USD, GBP/USD, and USD/JPY. In other pairs like GBP/JPY and NZD/USD spreads are closer to the industry average.

    Swap Fees

    In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 22 September 2023.

    Instrument Swap Long Swap Short
    EUR/USD Charge of $1.50 Credit of $7.10
    GBP/JPY Credit of $3.32 Charge of $2.42

    My live tests showed that swap fees at IG US are better than average for the industry.

    Non-Trading Fees

    IG US charges an inactivity fee of $12 on the first of every month if no trading activity has occurred for two years or more. The fee is fairly standard for the industry, and most brokers begin to charge an inactivity fee if an account has been idle for one year or less.

    Are Fees at IG US Competitive?

    I rate the fees at IG US as highly competitive for the following reasons:

    • Very tight spreads in major pairs, as low as 0.8 in EUR/USD
    • The opportunity to earn rebates and further lower costs
    • Low swap fees
    • Minimal account-related fees

    Platforms and Tools

    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    IG US offers its proprietary platform which is available on web and mobile. I rated both versions as among the best in the industry, with powerful features like sentiment data from IG’s large client base. Additionally, the broker incorporates MetaTrader 4 and ProRealTime which offer advanced capabilities like automated trading.

    IG US Platform Walkthrough

    IG US Order Execution Model

    IG US acts as principal and is the sole venue for the execution of spot forex contracts. In the Principal Model, forex brokers are counterparties to client transactions – they take the other side of their trades. IG US acts as a market maker, and clients are trading with IG US, not within the underlying market.

    IG Web Platform

    The award-winning IG Web Platform is intuitive, highly customizable, and packs a meaty range of features. These include popular items like watchlists, a news feed, alerts, one-click trading, trading from the chart, trading signals, and client sentiment data.

    IG Platform
    IG Platform

    The IG Platform is web-based and is accessible via your browser without any downloads required. The interface is clean and simple, making it easy for new traders to get up and running.

    IG Platform Charts
    IG Platform Charts

    Charting within the IG Platform is robust, with 33 technical indicators, 19 drawing tools, 17 time frames, and 5 chart types.

    IG Platform Tiled Charts
    IG Platform Tiled Charts

    You can customize the platform to view multiple charts at once on one screen or mix charts with items like watchlists, news, and alert panels. The image above shows one ‘workspace’. You can create multiple workspaces and flip between them in a tabbed format. I found this feature super useful and created workspaces covering different groups of assets – one for major currency pairs, one for exotic currency pairs, etc.

    IG Platform Watchlists
    IG Platform Watchlists

    Watchlists enable traders to keep an eye on predefined lists like popular markets or recently traded instruments. You can also set up your own custom watchlists. Buy and sell buttons are conveniently placed to the right of each instrument in the watchlist.

    IG US Order Entry
    IG US Order Entry

    The IG Web platform offers a strong range of order types, including market orders, limit orders, stop loss orders, and trailing stop orders. You can specify the duration for which your order remains active by marking it as ‘Good Till Canceled’ or setting it to expire on a future date of your choice.

    IG Platform Alerts
    IG Platform Alerts

    The IG Platform has a sophisticated range of alerts to help optimize your trading performance. You can set up alerts to inform you about price movements, news events, and even emerging technical patterns.

    • Price level alerts are triggered when your market hits the price you set.
    • Price change alerts trigger when a market moves your chosen amount. These can be set in pips or in percentage terms.
    • Technical indicator alerts tell you when a market meets your technical conditions. For example, you can receive an alert when RSI crosses the 70 level into overbought conditions.
    • Economic calendar alerts remind you of key economic releases.
    IG Platform Client Sentiment
    IG Platform Client Sentiment

    IG US provides client sentiment data drawing from its user base of over 300,000 clients. Sentiment data shows the percentage of traders that are long or short in a currency pair. This gives you powerful insight into the psychology of a market. Traders can interpret the data in a variety of ways. Most commonly, it is understood that when an extreme percentage of traders are either long or short an instrument, a trend reversal may be coming.

    IG Platform News
    IG Platform News

    The IG Platform has a built-in news feed from Thomson Reuters. A steady stream of stories is published throughout the day. The feed includes updates on major economic releases and central bank policy. It also has coverage of technical analysis, key support and resistance levels, and trade ideas. For example, the EUR/GBP Trader bulletin shows a current position, stop loss, profit target, and the technical rationale for the trade.

    EUR/GBP Trader
    EUR/GBP Trader

    The technical context for the EUR/GBP trade shared in the Thomson Reuters news feed is also provided in chart format.

    IG Platform Dark Mode
    IG Platform Dark Mode

    The IG Platform has a dark mode feature, making it easier on your eyes at night.

    My Key Takeaways after Testing the IG Web Platform

    In my experience trading on the IG Platform, I appreciated the ability to customize it to your preference and create multiple workspaces. This makes it easy to stay on top of what is going on in multiple markets and lots of timeframes. Charting is robust, and the range of order types provides traders with advanced flexibility. Finally, the suite of tools – including Autochartist, client sentiment, and the news feed from Thomson Reuters – is outstanding. With its clean and uncluttered interface, this is a platform that can cater to beginners. It also has advanced features to accommodate experienced and professional traders.

    IG Mobile App

    IG Mobile App
    IG Mobile App

    The IG mobile app is available for Android and iOS. It incorporates the key features of the web platform, like watchlists, advanced order types, alerts, trading from the chart, client sentiment, Autochartist signals, and the Thomson Reuters news feed. As with the web platform, you can easily flip between demo and live trading accounts. Two-factor authentication is available for an added layer of security. It is also possible to add and withdraw funds via the mobile app.

    My Key Takeaways after Testing the IG Mobile App

    I found the IG Mobile App intuitive and beginner-friendly while offering a powerful range of features. You can stay on top of your market positions, place trades, and stay updated with the latest market news and analysis. This well-designed app can accommodate most trading functions while you are on the move. I rate it as well above average for the industry.

    MetaTrader 4 Desktop

    MetaTrader 4 Desktop Platform
    MetaTrader 4 Desktop Platform

    IG US offers MetaTrader 4 for desktops, which includes advanced functions such as copy trading and automated trading.

    MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as

    • Alerts. This feature updates traders when an instrument reaches a specific price level.
    • Watchlists. Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
    • One-Click Trading. This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
    • Trading from the Chart. MT4 also allows users the convenience of trading directly from the chart.
    Order Entry on the MetaTrader 4 Platform
    Order Entry on the MetaTrader 4 Platform

    MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

    • Market Order. Traders use market orders to buy or sell an instrument at the best current price.
    • Limit Order. Traders use limit orders to buy or sell an instrument at a specified price or better.
    • Stop Loss Order. Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
    • Trailing Stop Order. Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. This order type allows traders to secure profits when they are in a winning trade while not having to exit the position.

    Charting features are robust. MetaTrader 4 offers:

    Charting on the MetaTrader 4 Platform
    Charting on the MetaTrader 4 Platform
    • 30 Technical Indicators. These include classic trend indicators, volume indicators, and oscillators.
    • 23 Analytical Objects. These include lines, channels, Gann, and Fibonacci tools.
    • 9 Time Frames. Traders can choose from nine time frames, from one minute to one month.
    • 3 Chart Types. Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts.

    MetaTrader is also popular due to its copy trading and automated trading features.

    • Trading Signals. Signals in MetaTrader 4 allow users to copy other traders’ activity in real time.
    • Automated Trading. MetaTrader 4 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms.

    MetaTrader 4 Mobile App

    MetaTrader 4 Mobile App
    MetaTrader 4 Mobile App

    IG US offers the MetaTrader 4 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

    The MetaTrader 4 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT4 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT4 app offers an above-average range of features.

    My Key Takeaways after Testing MetaTrader 4

    The look and feel of MetaTrader 4 are a bit dated – I felt there is room for improvement in design and usability. But as one of the most popular trading platforms in the world and the only one offered by many forex brokers, I have spent a lot of time testing it.

    MT4 is actually very well-rounded and can do more than most competitors – with advanced charting, a complete range of order types, and popular features like 1-click trading, trading from the chart, and alerts. The advanced features of the desktop platform set it apart in that it enables traders to run and backtest automated strategies.

    Although it presents a steep learning curve, MT4 can cater to beginners. Meanwhile, its algorithmic trading capability can also accommodate professional traders.


    Live account holders at IG US also have access to ProRealTime. This is a third-party platform geared towards experienced traders, with various advanced features:

    • Robust charts, with 100+ technical indicators, tools, and price comparisons.
    • Scalping order book with an interface designed for speed.
    • Advanced order types including triple orders, OCO orders, and trailing stops.
    • Automated trading, backtesting, and optimization.

    Tradable Instruments

    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    IG Markets offers a strong range of spot forex instruments, including major, minor, Australasian, Scandinavian, exotic, and emerging market currency pairs. While the industry’s forex offering is above average, IG US could improve by adding spot commodities and cryptocurrencies.

    IG US LLC offers trading in forex only. At the time of this writing, clients can access the following tradable instruments:

    • 82 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.

    In the tables below, you can see a selection highlighting the variety of currency pairs available to US traders:

    Forex Major Forex Minor Forex Exotic
    Forex Australasian Forex Scandinavian Forex Emerging Markets

    My Key Takeaways after Exploring IG US Tradable Instruments

    IG US offers an excellent range of currency pairs catering to different trader profiles. For example, some pairs, such as GBP/JPY are highly volatile, making them attractive to day traders. Other pairs like USD/CHF are suitable for traders who prefer slower-moving markets.

    Emerging market pairs currently offer high-interest rates, allowing traders to engage in the carry trade and capture the interest rate differential between the base and counter currency. I also noted that traders using correlation strategies can work with highly correlated pairs like NZD/JPY and AUD/JPY.

    Customer Support

    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    IG offers support from 8:00 a.m. to 10:00 p.m. EST, Sunday through Friday, and from 9:00 a.m. to 5:00 p.m. EST on Saturday. Support is available via email at and by phone at 312-981-0499. I was impressed by the swift responses and high quality of assistance. In these areas, I judged support as better than average for the industry. However, no customer service was available via live chat, which influenced the score.

    IG US Support
    IG US Support

    IG US Customer Support Test

    I evaluated IG US support with dozens of inquiries ranging from basic account-related questions to more complex regulation-related issues. Emails were typically responded to the same day or within 24 hours, and I could reach a helpful operator by phone within a couple of minutes.

    Most leading brokers offer live chat via their platform, which is the most convenient way of reaching customer support. Given the attention to detail in every other area, I was surprised that IG US lacks this feature. Nevertheless, the high quality of help by phone makes up for it to a degree. Premium clients also have the benefit of direct access to an account manager.

    Deposits & Withdrawals

    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    IG US clients can deposit and withdraw funds via bank wire transfer, automated clearing house (ACH), and debit card (Visa and Mastercard). Processing times are relatively fast for the industry. Deposits are free, but there is a $15 fee for withdrawals via bank transfer.

    In the tables below, I break down the fees and processing times for each deposit and withdrawal method.


    Deposit Method Fees Processing Time
    Debit Card $0 Instant
    ACH Bank Transfer $0 3 Business Days
    Wire Transfer $0 1 Business Day

    While brokers do not normally charge any fees for deposits, IG US beats the industry average with a relatively fast processing time.


    Withdrawal Method Fees Processing Time
    Debit Card $0 2-5 Working Days
    ACH Bank Transfer $0 2-5 Working Days
    Wire Transfer $15 24 Hours

    Here again, processing times are better than average for the forex industry. Some brokers do not charge a wire transfer withdrawal fee, but the $15 charge from IG US is fairly standard.

    Generally, all funds will need to be returned to the source of your payments. You will need to add your bank account to your IG account through “My IG” before requesting a wire transfer or ACH payment.

    Account Types and Terms

    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    IG US has one account type, but clients with high trading volume can be upgraded to receive Premium Services. The account opening process is fully digital and can be completed via the website. I found the application straightforward, and it took me less than 10 minutes to go through all the questions. Traders can also access free demo accounts via the IG Platform and MetaTrader 4.

    Account Application

    IG US Account Application
    IG US Account Application

    To open an individual account at IG US, prospective clients must provide the following information:

    • Personal details: country of residence, name, email address, date of birth, phone number, citizenship, social security number, home address.
    • Income and savings: employment status, job, source of trading funds, gross annual income, net worth.
    • Trading experience: trading activity in the last 3 years, products traded, experience, or qualifications related to trading.

    Premium Client Services

    To qualify as a premium client, you must trade at least $50 million notional value (USD) per calendar month. Premium clients receive several significant benefits:

    • Cashback rebates of up to 15%
    • Premium Client Manager
    • Access to Premium Client Newsletter
    • Fee reimbursement on third-party platform fees and bank fees for wire transfer

    Volume-based rebates are automatically credited to your account in the following month if you qualify. Rebates are based on a tiered system, with a greater percentage paid out based on the total volume traded for the month.

    Tier 1: $50-$100M Tier 2: $100-$250M Tier 3: $250-$500M Tier 4: $500M+
    $5 Average Savings Per Million (USD) $8 Average Savings Per Million (USD) $10 Average Savings Per Million (USD) $15 Average Savings Per Million (USD)

    Here’s an example of how the rebate works.

    Imagine that in the month of August, you opened and closed transactions for 800 full-sized lots of EUR/USD at a price of 1.0500. This means your total volume was $84M, placing you in Tier 1. Your rebate can be calculated as follows:

    800 (lot size) x $10 (spread) x 5% (rebate) = $400 (rebate paid)

    Demo Accounts

    IG US offers demo accounts for the IG Platform and MetaTrader 4. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

    The demo account features live quotes and simulates live market conditions in all 82 currency pairs. Once users are to speed up on a demo account, they can easily switch to a live version.

    Margin and Leverage

    One of the reasons that traders are attracted to the forex market is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. In the table below I cover the leverage available at IG US across a range of currency pairs.

    Currency Pair Margin Per Contract Leverage
    EUR/USD 2% 1:50
    GBP/USD 5% 1:20
    AUD/USD 3% 1:33
    EUR/JPY 5% 1:20
    USD/CHF 3% 1:33

    Supported States

    IG US accepts clients from all states with the exception of Ohio.


    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    IG shines in the research category with a wealth of high-quality resources to draw from. The News and Trade Ideas section of the website contains regularly updated technical and fundamental research materials. Articles and videos are insightful and reflect IG’s remarkable depth of experience. Within the IG Platform, traders can get news updates and trade ideas from the Thomson Reuters news feed. Trading signals from Autochartist are also available within the IG Platform.

    IG US News and Trade Ideas
    IG US News and Trade Ideas

    The News and Trade Ideas section features themed articles like previews of the coming week, which help orient traders on what to expect from the highest-impact news releases. In-depth coverage of major currencies like the euro and the US dollar goes over important technical price levels and market-moving economic data.

    IG US Analysis
    IG US Analysis

    The section also includes articles with useful interpretation of sentiment data, revealing the expectations of IG’s client base.

    My Key Takeaways after Examining IG US Research Section

    IG US offers a powerful mix of in-house and third-party research. I like that the materials not only contain news and analysis but also feature specific trade ideas. The in-house research and Autochartist signals are accessible to beginners. Experienced traders can benefit from the pro-grade analysis within the Thomson Reuters feed. I rate IG as an industry leader in the area of research.


    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    The IG Academy, available on the website, offers courses catering to beginner, intermediate, and advanced traders. The courses are broken down into short, easy-to-digest lessons and feature a quiz at the end to aid the learning process. The material is in text format interspersed with plenty of helpful graphics. I judged the content to be high quality and helpful to traders in establishing a foundation of knowledge. I rate the educational materials at IG US as better than average.

    IG US Courses 
    IG US Courses

    The IG Academy features a total of 11 courses. Beginner-level courses tackle topics like the basics of forex and market terminology.

    Course Lessons
    Course Lessons

    Intermediate-level courses introduce technical and fundamental analysis, while traders who are ready to move on to an advanced level can benefit from the courses containing practical content including breakout and range trading strategies.

    The Bottom Line

    Launched in 2019, IG US is a relatively recent addition to IG Group’s global entities. IG US earned a strong trust rating in our review due to its status as an NFA and CFTC-regulated broker, its high level of financial stability, and first-class transparency.

    Low trading costs and modest account-related fees make this an attractive broker. IG US provides a broad range of currency pairs and brings the advanced tools of an industry leader to the US retail market.

    Strong educational materials and a user-friendly platform make it a suitable choice for beginners. Meanwhile, it can accommodate experienced clients with an impressive range of analytical resources and rebates for high-volume traders.

    If you are a US trader looking to try out the spot forex market, I rate IG US as a strong choice.


    IG US LLC is based at 1330 West Fulton, Chicago, IL 60607.
    IG is a large publicly traded company with a long operating history regulated in the United States by two Tier-1 authorities. I judge this well-established forex broker as relatively safe.
    IG US makes money from the bid/offer spread, swap fees, and miscellaneous account fees.
    You can deposit funds via debit card, ACH bank transfer, or wire transfer.
    The minimum deposit is $250.
    You can withdraw funds via debit card, ACH bank transfer, or wire transfer.
    Bank wire withdrawals are processed within 24 hours, while withdrawals via debit card and ACH could take 2–5 days.
    IG US charges $15 for withdrawals via bank wire.
    The maximum leverage available is 1:50.
    You can open an account via the website, by clicking ‘Create live account’ in the top right of the screen.
    IG US offers the IG Web Platform, the IG Mobile App, MetaTrader 4 and the MetaTrader 4 app.
    With excellent educational materials and an intuitive platform, I rate IG US as a good choice for beginners.
    Yes, a free demo is available via the IG Platform and MetaTrader 4.

    See IG US Full Information

    Headquarters CountryUnited Kingdom
    Foundation Year1974
    RegulationsCFTC (United States), NFA (United States)
    Publicly TradedYes
    Number Of Employees1001
    Trading Desk TypeDealing Desk, Market Maker
    Trading PlatformsMT4, Proprietary
    Restricted Countries
    Wallis and Futuna, Niue, Cocos Islands, Anguilla, Singapore, Gambia, Ukraine, French Polynesia, Uganda, Uruguay, Azerbaijan, Andorra, New Caledonia, Paraguay, Vatican City, Tonga, Malawi, Namibia, Nauru, Finland, Ecuador, Burundi, Bosnia and Herzegovina, Benin, Bulgaria, Canada, Colombia, Congo, Costa Rica, Cote dIvoire, Croatia, Cuba, Equatorial Guinea, North Korea, Lesotho, Guyana, Liberia, Mauritania, India, New Zealand, Nicaragua, Indonesia, Niger, Hungary, Nigeria, Iceland, Qatar, Iran, Iraq, Afghanistan, Marshall Islands, Tunisia, Kosovo, Somalia, Sweden, Slovenia, Belgium, Russian Federation, Turkmenistan, Yemen, Syria, Sierra Leone, Comoros, El Salvador, Serbia, Vietnam, Guernsey, Kiribati, Libya, Mozambique, Myanmar, Netherlands, Philippines, Portugal, Haiti, Spain, Sudan, Zimbabwe, Australia, United Kingdom, Honduras, Egypt, Samoa, San Marino, Algeria, Armenia, Austria, Bahamas, Barbados, Bahrain, Belarus, Belize, Bhutan, Bolivia, Burkina Faso, Chad, Cameroon, Cape Verde, China, Cyprus, Czech Republic, Djibouti, Dominica, Eritrea, France, Gabon, Georgia, Germany, Ghana, Italy, Jamaica, Jordan, Kazakhstan, Kenya, Estonia, South Korea, Kuwait, Kyrgyzstan, Latvia, Laos, Guinea-Bissau, Montenegro, Malaysia, Sao Tome and Principe, Liechtenstein, Lithuania, Moldova, Palau, Luxembourg, Macedonia, Maldives, Mali, Mexico, Micronesia, Monaco, Nepal, Morocco, Norway, Oman, Papua New Guinea, Poland, Peru, Romania, Greece, Gibraltar, Grenada, Guatemala, Guinea, Rwanda, Democratic Republic of the Congo, Curacao, Guam, Cayman Islands, Swaziland, Bermuda, Suriname, Senegal, European Union, Zambia, Angola, Turkey, Albania, Timor-Leste, Slovakia, Cook Islands, Antigua and Barbuda, Trinidad and Tobago, Northern Mariana Islands, Puerto Rico, Togo, Argentina, Mongolia, Bangladesh, Macao, Solomon Islands, Venezuela, Switzerland, Greenland, Tuvalu, Botswana, Brazil, Seychelles, Bonaire, Uzbekistan, Brunei, Cambodia, Central African Republic, Chile, Denmark, Dominican Republic, Saudi Arabia, Lebanon, Mayotte, Madagascar, Aruba, Ethiopia, Taiwan, Fiji, Vanuatu, Panama, Israel, Tajikistan, Mauritius, Japan, South Africa, Virgin Islands, British, Tanzania, Isle of Man, East Timor, Malta, Pakistan, Hong Kong, Ireland, South Sudan, Sri Lanka, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Thailand, United Arab Emirates, Faroe Islands, American Samoa, Saipan, Sint Eustatius, Tahiti, Svalbard and Jan Mayen, Aland Islands, Christmas Island, Montserrat, Saint Barthelemy, Saint Helena, Saint Martin, Saint Pierre
    Supported Languages
    Min Deposit$250
    Max Leverage1:50 (CFTC), 1:50 (NFA)
    Deposit OptionsWire Transfer, Credit Card, ACH, Visa, Mastercard
    Withdrawal OptionsWire Transfer, Credit Card, ACH, Visa, Mastercard
    Time to Withdrawal2
    Time to Open an Account8
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingNo
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityYes
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    Trading SignalsYes
    Platform Languages
    Multi-lingual, English
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatNo
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

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