IG Index Review

By mosesbet · Filed Under Brokers Comments Off on IG Index Review 

Sign up to the IG Index and Trade on the UK’s Most Popular Spread Betting Platform!

The IG Index is by far the UK’s most popular spread betting company, they have won countless awards as the best spread betting service provider.  The IG Index was the first even spread betting company, started in 1974 by Stuart Wheeler, and stands for then International Gold Index.

Recent awards that the IG Index has won include:

  • 2010 Best Spread Betting Firm – The Times/Investors Chronicle Awards
  • Best Spread Betting Service – 2010 MoneyAM Awards
  • Best Online Charts – 2010 MoneyAM Awards
  • Best Spread Betting Broker – T2W Forum Awards 2010
  • The IG Index iPhone App was also included in Sunday Times Top 500 Apps

A 2010 Investment Trends survey showed that 60% of active spread bettors in the UK hold an account at the IG Index, while 39% described them as their main spread betting provider.

The IG Index is the world’s most popular spread betting provider for a number of reasons.  Tight spreads across UK and global markets, excellent customer support, one-click dealing and a mobile platform for a range of mobile devices is just the tip of the iceberg.

Customers who deposit more than £50,000 at the IG Index can take advantage of Premium Accounts with exclusive VIP benefits (including free tickets to sports and culture events such as the 2012 Olmypics and the Grand National). Regular account holders can also enjoy the sophisticated PureDeal online trading platform, weekly seminars in London, Autochartist technical charts and DealThru technology.

Range of Markets, Margins and Tight Spreads

The IG Index has remained popular among traders by offering some of the tightest spread in the business.  Their online trading platforms allows you to trade on shares, commodities, interest rates, indices, forex (over 60 currency pairs), sectors, house prices, options and more.  You can also place binary bets here (betting on whether a certain event will happen in the future).

The size of the spreads at IG Index are very competitive: you can trade on the FTSE from 1 point, 0.1% on all major shares, 0.5 points on gold and 1 pip across popular forex markets such as EUR/USD, GPB/USD and USD/JPY.  This compares very well with similar spread betting companies such as Capital Spreads and SpreadCo.  The initial margin requirements are very low and excellent for beginners (also identical to Capital Spreads), starting at a factor of x30 for the FTSE 100 and x60 for Wall Street.  In other words, you can open trades on the FTSE starting from £1 per point from a minimum deposit of just £30.

Online Trading Platforms and Mobile Platforms

The IG Index’s online trading platform is powered by award winning PureDeal technology.  This allows you to trade through one-click on a huge variety of markets with zero re-quotes.  In fact, the IG Index claims that over 99% of trades are executed within 0.1 seconds, which guarantees your trades will be hassle free during turbulent times (unlike City Index).  This is one of the many advantages of opening an account here.

IG Index Mobile Trading Apps:

The other things that the IG Index offers on their platform includes a market leading charting package (“AutoChartist), live market news feed and research and market analysis.  The market leading charts are developed by IT Finance (the same as ProSpreads) and offers 70+ technical indicators including RSI%, MACD, Stochastic Oscillators and more. You can customise the charts or set alerts to notify you of market movements, plus you can save your preferences and charts at anytime.  The DealThru technology also means that you can place trades directly from the live charts screens.

The AutoChartist pattern recognition tool is a fairly new feature at the IG Index which allows you to track certain chart patterns and be alerted when to open a trade. Other notable trading tools include the Price Improvement Technology (giving you the best prices during turbulent times), one-click dealing and expert support.

Mobile users will be happy to hear that the IG Index has THE BEST mobile trading apps and devices, known as PureDeal mobile trading.  The IG Index’s PureDeal platfoms works across their iPhone, Android, Blackberry and other mobile operating devices.  You can still open/close trades, view real-time market prices, keep up to date with news commentary and view technical charts on the go.  You can also access all of your account settings such as your net equities, profit and loss, cash balance, margins and trading history.

Sign up to the IG Index and Trade on the UK’s Most Popular Spread Betting Platform!

“TradeSense” Training Course, Seminars, Video Tutorials and Demo Account

Fortunately, the IG Index offers a range of educational tools on their website (including weekly seminars in London) to help train beginners.  Spread betting seminars can be access On Demand, Live Online or In Person in locations across the UK every month.  For example, you can visit live seminars each month on topics such as “fundamentals of spread betting”, “trading with charts” and “introduction to spread betting”.  All of these will really help you to trade more profitably, meet new people and ask questions at the end of the presentation.

Beginners can also sign up to IG Index’s TradeSense course for free, which includes a 6 chapter, 100 page spread betting guide which is sent directly to your email.  Customers that sign up to TradeSense can spread bet from an extremely low 10p per point for the first 6 weeks of trading.

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