Support is available by phone 24 hours a day during market hours – Saturday at 3:00 am to Friday at 5:00 pm Eastern. The website also has an extensive help section with answers to common questions.
Research and Education
“You can learn all about foreign exchange trading at IG Academy, a free online series of forex courses. IG offers integrated tools to help you research positions on the fly. IG Group also owns DailyFX, a free, online forex news website”
The main education section of IG is called IG Academy. This free course is broken down into beginner, intermediate, and advanced topics. There are eight courses in total. Course 1 starts you with an Introduction to the Financial Markets. If you complete all eight, you’ll end with topics including trading psychology, fundamental analysis, and understanding risk and reward.
In the IG platform, you have quick access to news, the IG Twitter feed, market signals, and the IG economic calendar. IG Group also owns DailyFX, a free, online forex news website. Through both sites, you can find webinars, articles, and other resources to learn more about forex trading.
“IG works well for beginner traders and offers tools suitable for advanced traders. IG offers a platform that meets traders’ needs at all experience levels.”
IG is an excellent platform for beginners. You can start out with a free demo account and the online platform is intuitive and easy to use. Advanced traders can find useful tools and advanced charting features, but they may be happier using IG’s integration with MetaTrader 4. IG in the US does not yet support MetaTrader 5, the latest version of the popular trading platform.
Advanced and professional traders may enjoy the online IG platform, but in some cases, you could feel that features are limited compared to MT4 and MT5.
IG is registered with the Commodities Futures Trading Commission and is a member of the National Futures Association. It is regulated by both of these organizations.
IG is based in London in the United Kingdom. The US headquarters is in Chicago.
IG makes money from the spread between buy and sell prices. It has some additional fees based on your activity.
- How do I deposit in IG account?
You can fund your account only through Debit cards, ACH or wire transfer.
- How do I withdraw money from IG?
Withdrawals are made to a bank account directly via ACH. You can also withdraw via wire transfer or using the same debit card used to fund the account.
- How do I open an account with IG?
You can open an account by going to the IG website and filling in your personal information.
- Does IG offer margin accounts?
- Are funds at IG secured or insured?
Funds are not insured by the FDIC or SPIC.
Overall, IG is a competitive forex platform for traders in the United States. This is a transparent and regulated platform that works for beginner to advanced traders, just make sure you fully understand how everything works before starting with real money. It is possible to lose more than your account value due to leverage.
If you want to learn about forex, starting with IG Academy and a demo account is a great choice. As you learn more, or if you are starting with some forex skills already, you may want to upgrade to a MetaTrader 4 account at IG.
If you understand the costs and risks, IG is an excellent platform for foreign exchange. With an intuitive platform and a wide range of features, it is a great place to dive into FX.