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IG Markets Forex Broker Review

by forex on April 21, 2009

About IG Markets Forex Broker

logo_igIG Markets Forex Broker is a UK-based company, and is a member of two of the most respected bodies in the financial industry. They have a nice platform overall, which is of great help to most starters in trading, but it can do a few tweaks when it comes to its stability. In forex trading, the only way to know if the platform would suit your style is to open a demo account, or a mini account. Don’t invest everything into a new broker, despite their good online reputation. The spreads or IG Markets are also considered consistent, even during news.

Guaranteed stop-losses are available, but might cost you anywhere between 3-8 pips. Most orders made are also executed quickly. UK residents also love the fact that they are tax-free.

Basic Broker Details

Site http://www.igpartners.co.uk/
Country of Origin United Kingdom (UK)
Accepted Deposit Modes Moneybookers, checks, credit card, wire transfer
Leverage 1:50
Regulation Body
  • Financial Services Authority (FSA)
  • London Stock Exchange (LSE, http://www.londonstockexchange.com/)
Spread 3 pips (EURO or USD)
Minimum Account Requirement $200

Pros of IG Markets Forex Broker

*Regulated body

*Good reputation when it comes to financial matters

*Precious metals available for trading

Cons of IG Markets Forex Broker

* No MetaTrader 4

*Website is not informative

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