Overview
IG Group was founded in 1974 as the world's first spread betting company and is today the largest CFD and spread betting provider globally, listed on the London Stock Exchange (FTSE 250). IG consistently earns the highest trust scores in the industry with regulation across 8 tier-1 jurisdictions and offers over 19,500 tradeable instruments. In 2026 it was ranked #1 in Overall Offering, Mobile Trading Apps, Trading Platforms, and Research by ForexBrokers.com.
Pros
- Unmatched trust: 8 tier-1 licences including FCA, ASIC, CFTC, MAS, JFSA, and FINMA
- Largest instrument range: 19,500+ instruments including stocks, forex, indices, options, and futures
- Best research: In-house analysts, Reuters/AP news, Morningstar data, and professional trading tools
- Award-winning platform: Proprietary web and mobile platforms with advanced charting and customisation
- US access: Available to US clients via tastyfx brand regulated by CFTC/NFA
Cons
- Higher minimum deposit: Most regions require $250–$450 AUD to get started
- MT4 is limited: Only ~80 instruments available on MT4; proprietary platform is far superior
- No copy trading: Does not offer any copy or social trading functionality
- Complex for beginners: The platform's advanced features can overwhelm new traders
- Fees on inactive accounts: Monthly platform fee applies if below minimum activity
Spreads & Fees
| Account Type | EUR/USD Spread | Commission | All-In Cost |
|---|---|---|---|
| Standard | Avg 0.91 pips | None | ~0.91 pips |
| Forex Direct | Avg 0.30 pips | $10/lot | ~0.75 pips |
| DMA (shares) | Market spread | Commission-based | Varies |
Overnight (Swap) Fees: Standard holding costs apply for CFD positions overnight. Withdrawal Fees: Free via most methods. Inactivity Fee: £12/month after 2 years of inactivity.