Opinions about IG Markets

IMPORTANT: Check our list of CFD brokers because there are better brokers than IG Markets.

Is IG Markets a scam? To answer this question we have carried out an in-depth analysis of this financial investment broker in which you can invest in CFDs and binary options on underlying assets from all over the world and all sectors. The truth is that in this case, although we do not think it is a scam, in our opinion there are other brokers that are much more worthwhile.

In recent times investing in CFDs and binary options has become really popular. CFDs are a fantastic way to achieve high returns with small capital, so that you can diversify sectorally and geographically in a better way than with traditional investment instruments. The same goes for binary options, which allow access to underlying that a small investor will rarely be able to buy in a bank to use. But this recent popularity has also attracted scammers who launch fraudulent websites, to take advantage of the most gullible investors. Precisely the reason for being of Estafa.info is to avoid these situations. It is not for nothing that we have many visitors who enter our website looking for the best binary options brokers . That is why, below, we show you in detail all the security guarantees that IG Markets offers you, along with an analysis of its investment offer.

Our experience with IG Markets

The truth is that our overall experience with IG Markets has been disappointing. We are a company that currently has a physical presence in 15 countries and more than 1400 employees. In addition, it offers its services to more than 150,000 clients around the world and has a market capitalization in the FTSE 250 of 2.9 trillion pounds. These data offer us some peace of mind, as they assure us that we are facing a serious company, but they are certainly not enough to decide to invest through their website. To do this, we must analyze other important factors such as the security regulations that you have to comply with - you have them below in this same article -, the offer and investment possibilities that it offers you and other factors such as the quality of the website, its analysis tools, customer service, etc.

In the following sections we will inform you that, in order to offer more security guarantees, 1) it is also registered with the CNMV and is a member of a compensation fund, 2) regarding their offer that with them you can invest in CFDs and binary options of underlying, ranging from raw materials, to indices and individual shares of listed companies, through currency pairs; 3) the schedules of their customer service and 4) much more, so what are you waiting for to continue reading?

IG Markets: Scam or legit?

As we have been anticipating, it is a legit financial investment platform in CFDs and binary options, in which there are no frauds or scams. This is what we rely on to make this statement:

The company that manages the website is officially called IG Markets Ltd and belongs to the IF Group, founded in London in 1974, which in 2015, according to the Investment Trends UK Leveraged Trading Report, September 2015 it was the world's number one provider of accounts for trading CFDs and spread betting. That said, the biggest guarantee that this broker offers us is the fact of being registered with the FCA of the United Kingdom with the number 195355 and with the postal address Cannon Bridge House 25 Dowgate Hill, London, EC4R 2YA, United Kingdom. As is mandatory for brokers who are registered with the FCA, it is a member of the Financial Services Compensation Scheme (FSCS) which insures the money deposited by its clients through its platform. In addition, since November 2007, the company has also been registered with the CNMV as foreign investment services companies with branch number 37. Therefore, IG Markets is not a scam, but a totally legal financial institution in which to trade CFDs and binary options.

IG Markets Offer

The investment offer that you will have access to with Markets is quite complete. Firstly, you can choose between two different types of financial instrument such as binary options and CFDs, secondly, in each case, you can invest in indices, commodities, commodities, stocks and currency pairs. In short, a very good offer of leveraged investment products for all those investors who want to have access to international investment assets without paying the high commissions that most brokers demand for investing in stocks and ETFs.

Other components to highlight in the general offer are its training section in which you will find seminars, videos, trading guides; its help section on the web with a portal dedicated exclusively to explaining to the smallest detail all the broker's functionalities; and its market analysis section where relevant news is commented, some strategies and other useful tools are proposed such as the Trading Diary, where you can register your operations, the economic calendar or the market projector.

CFDs

The CFD offer is good. In the stocks section, you will find all the shares of the IBEX 35, those of the Madrid Stock Exchange, and most of the complete stock exchanges in the world. In addition, if you do not find any market, calling the +34 91 787 61 81 you can request it and they will include them in a few minutes. You can even trade on companies whose IPO has not been made, but they already have an estimated price for it. Something similar happens with currencies, where you can even speculate with the value of the Bitcoin cryptocurrency, which although it is anecdotal is but a proof of the good available offer that reaches up to 89 different currency pairs. More of the same happens with raw materials, the offer is fantastic, because you can invest in CFDs on 40 underlying, including some difficult to find in this type of brokers, such as carbon emissions or soy flour. Finally, in the indices section IG Markets offers another 40 different indices that include the main dollar and world indices. In addition, you can also invest in interest rates, more than 35 UK and Australian sectors, Bonds, ETFs and ETCs.

Binary options trading

The main attraction of binary options over CFDs is the fact that the maximum amount of money you can lose with a trade is known, without the need to place a stop loss. This makes many investors prefer them, especially in the operations they consider riskier. You can invest in binary options with maturities ranging from 60 seconds to one month. In fact, he makes a differentiation between what he calls Sprint markets and IG Binaries.

Sprint markets are binary options that have expirations of 60 seconds, 2, 5, 20 or 60 minutes. They are available for indices, including the IBEX 35, forex: NZD/USD, GBP/USD and USD/JPY and commodities: oil and US oil, cannot be closed before expiration, require a minimum investment of $25 and offer a return of between 70% and 90%. Binaries IG, has longer maturities of 5, 20, 60 minutes, daily, weekly and monthly, you can invest in indices, forex, commodities, bitcoin and key economic indicators.

Offers and bonuses

The entity does not offer any welcome bonus general to its new users. What it does offer is different bonuses for recommending friends to join the broker, as long as they really join and comply with a minimum trading volume. In our opinion, these types of promotions are not worth much for most users. The bonuses can be $50, $ 200 or $ 400, in exchange for 1, 3 and 5 credits respectively. In addition, the recommended friend must perform at least five operations of 1 mini contract, or greater, in the six months following the recommendation. If he does, you will add a credit and your friend will receive a $50 bonus. The truth is that we would have liked the broker to offer a bonus to all new users, but unfortunately at the moment this option does not fall within its policies. However, this may change in the future and, if it does, we will inform you about it.

IG Markets demo account

What is available for new users is a demo account with a fictitious $20,000 to test all the functionalities of the platform. You will be able to customize the platform in the same way as the real money one, invest in the same assets and even use it from your mobile device. Without a doubt, this is an excellent way to let users get acquainted with the web and be able to decide freely and without risking anything if they would like to invest with them. However, there are some differences between the demo account and real money operations: the main one is that operations on the demo account are not subject to slippage, interest or dividend adjustments, or price movements outside of trading, something that can happen in the real money account. In addition, no trades are rejected in the demo account, which, although unlikely, can also occur in real money trades.

Payment methods

In this section it could offer a better service because it only accepts credit and debit cards (Visa or MasterCard) with a commission of 1.5% and bank transfer. In both cases the minimum income is $150. In Estafa.info it seems to us that nowadays the logical thing would be to complement this offer with some electronic wallets, especially PayPal and Skrill, but at the moment in this case this is not the case. The truth is that it does not offer the facilities worthy of a broker that has aspirations to be one of the greats.

To withdraw your funds the options are exactly the same: bank transfer or debit or credit card. However, MasterCard users could have problems, which ultimately means that for many users the only withdrawal option is the bank transfer. At least we are glad that whenever it is more than $ 100 it will be free as far as the broker is concerned.

Security and regulations at IG Markets

We have already informed you of some facts such as that IG Markets is registered with the FCA of the United Kingdom with the number 195355 or that it is part of the Financial Services Compensation Scheme (FSCS) fund. What we didn't tell you are the specific implications of it. For example, the fact of registering with the FCA implies that the broker complies with the dollarpea legislation and specifically with the Markets in Financial Instruments Directive (Directive 2004/39/EC). This means that the users' money is kept in segregated bank accounts, in such a way that they would not be affected by the broker's obligations. In addition, being part of the fund implies that clients have their deposits insured in the event of the broker's suspension of payments with up to 50,000 pounds sterling, and if it were the bank in which the broker has opened the segregated account that went bankrupt, the UK compensation fund would cover up to £ 75,000 per person and institution. In the CNMV, the company is registered with the number 37 and the physical address Po de la Castellana, 13.- 1st dcha - 28046 Madrid.

Customer service

The customer service is very normal, although it offers a lot of coverage. We say quite a lot and not full coverage, because in New Zealand it is limited to from 08:15 to 22:15 CET from Monday to Friday. This is a big problem, especially for those who intend to invest with CFDs, since the forex market is always open and problems can arise at any time of the day and not only during trading hours. On the other hand, the truth is that in English it runs up to 24 hours a day from Monday to Friday and from 10:00 to 18:00 CET on Saturdays and Sundays. The means of contact are varied, being able to communicate with them by phone, postal mail, email and live chat. They also have a very complete help portal in which most of the doubts that a user may have are solved, in the event that he does not want to wait for the answer from the support service.

Functionality of the website

The website has a Moderna design with a white background and with red as a secondary color. The navigation is very intuitive with a tab system in the menu at the top of the website and it is easy to find what you are looking for despite the large amount of information available. As for the platform for trading, nothing to object. It is a simple design, without frills, but that allows you to quickly search for any underlying asset through a menu located in the left column and well organized. Once you select the specific underlying asset, a pop up appears with it, so you can select the options you want, including putting a limit on the operation and a stop loss. It may not have the glamor of other brokers with a worse offer, but it is a platform designed to operate seriously and, if necessary, intensively. In addition, if desired, you can download Meta Trader 4 or the L2 platform for free.

IG Markets mobile app

In a broker as serious as this one, the possibility of investing from mobile devices could not be missing. IG Markets has apps for Android, iOS and Windows Phone. All of them will allow you to operate efficiently and with a good connection stability. The user reviews on Google Play show some problems on some specific devices, but they also serve to verify that the broker's customer service bothers to respond to the opinions, sometimes sending them to write to an email address to solve the described problems.

Finding

IG Markets is a reliable CFD and binary options broker . Being registered with the FCA and the CNMV with the security measures that this entails, makes us ensure that fraud or scams should not be feared if you decide to operate with it, although we believe that there are other more interesting options. Their offer of underlying assets in CFDs is decent, and that of binary options a good complement. The main but that we can find is the shortage of methods of income and withdrawal of money, but at least they meet the minimums. In addition, you have the possibility to test their platform with a demo account, which thanks to their good offer of services is a great training opportunity, prior to investment.