IG is the UK’s Forex provider with almost 40 years experience in the currency exchange market. On top of their desire to make the financial markets more accessible to the common trader, IG also operates a financial spread betting services and a CFD trading platform.
To give you a better idea of what goes on at IG.com, let’s break down its component pieces:
Forex trading: Investing money to purchase currency pairs with the intention of making a profit when the base currency increases in strength against the secondary currency.
Financial Spread Betting: A tax free way to speculate on the currency exchange market.
CFDs: Contract for Difference offers a flexible way to trade on the financial markets which pits two parties together (buyer and seller) to buy and sell currency pairs where their worth is determined by the difference between their inherent value and their value at the time of the transaction.
IG.com’s Special FX:
One of the distinguishing features of IG’s platform is their automated trading services. Guaranteeing the best possible prices on all trades without requotes, users can benefit from the experience of one of the top CFD and spread betting providers in the world.
Whether you’re trading Forex, spread betting or investing in CFDs, there are different platforms on offer at IG.com.
Forex Account: When traders open an FX account at IG they’ll gain access to over 40 currency pairs including Majors, Minors and Exotics.
Spreads start from a palatable 0.8 pips on AUD/USD trades, which means a trader with a minimal bankroll won’t lose money due to high costs.
Aside from competitive spreads, IG offers in-chart trading which means a trader can pounce on an investment as soon as it appears. Moreover, the lack of re-quotes means the price you see is the price you’ll pay.
Spread Betting: If you choose to invest in the currency market though spread betting you’ll given a buy and sell price for either side of the market.
Speculation whether the market will raise or fall without any underlying asset means a trader can make a large profit margin without investing lot of money. When you spread bet at IG you’ll incur minimal charges starting from 0.8 pips.
CFDs: Usually reserved for professional traders or those with more experience in the FX market, CFD trading gives investors direct market access (DMA) and the ability to manage risk through a range of automatic stops. Moreover, CFD trading gives traders the ability to offset their losses against profits for tax purposes.