Key Takeaways

  • Reputable broker, competitive pricing.
  • Fast, free deposits and withdrawals.
  • Top-rated IG App & trading platform.
  • Regulated in the USA, UK, Europe, South Africa, Australia and Japan.


We start our IG US review by analyzing the overall ratings of this US-based broker. Also, we would like to point out that this review is only about the IG entity in the USA. IG US is a registered RFED and IB with the US CFTC and a member of the US NFA.

IG (ig.com) Overall rating

4.6
Ranked 11 out of 1760 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Real customer rating 3
Popularity
4.5
3
Regulation
5.0
2
Pricing rating
5.0
1
Features
Not rated
1
Customer Support
Not rated
1

IG US pricing: the broker scores 5 out of 5 for its competitive pricing. The IG US forex account spread, for the EUR/USD for example, starts at 0.8 pip (average 1.2 pip) with no trading commissions.

IG US regulation: an excellent 5 out of 5. IG US is registered with the US CFTC, also a member of the US NFA, and appropriate retail client safety mechanisms are in place.

IG US popularity: very popular with the trading community, the broker scores 4.5 out of 5. The IG brand has a global presence on several continents, providing traders with excellent trading conditions, advanced trading platforms and professional educational materials.

IG US user rating: ranking above average, with traders praising IG.com mainly for its fast account opening and trading conditions.

IG (ig.com) Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
IG Markets Ltd Australia 30 : 1
IG Europe GmbH up to €20,000 30 : 1
IG Markets Limited up to £85,000 30 : 1
IG Bank S.A. up to CHF100,000 100 : 1
IG Securities Ltd 25 : 1
IG US LLC 50 : 1
IG Markets South Africa Ltd 1000 : 1
IG International Limited 500 : 1

IG US regulation: IG US LLC is registered with the USA National Futures Association (NFA), NFA ID 0509630, with a Forex Dealer Member license. The registered office is at 200 W Jackson Blvd, Suite 1450, Chicago, IL 60606, United States. This entity is also registered with the CFTC as a Retail Foreign Exchange Dealer.

IG UK regulation: IG Markets Limited is registered in England and Wales with company number 04008957. The registered office is at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA, United Kingdom. This entity is authorized and regulated by the FCA with license number 195355.

IG European regulation: IG Europe GmbH, is registered in Germany as a Securities Trading company. With a registered address at Westhafenplatz 1, 60327 Frankfurt am Main, Germany, the company is regulated by Germany's Federal Financial Supervisory Authority (BaFin), with license number 148759, to provide the investment services of CFDs trading and other derivatives in Europe.

IG Australian regulation: IG Markets Limited, (trading as IG), is registered in Australia with ABN 84 099 019 851. This entity is regulated by the Australian Securities & Investments Commission (ASIC), with an AFSL license, number 220440. IG Markets Limited is registered to carry out financial services business in Australia, limited to the financial services covered by its AFSL license, and also in New Zealand, with an FSP license, number 18923.

IG Japanese regulation: IG Securities Ltd, with a registered address at 1-6-1, Roppongi, Minato-ku, Tokyo, is authorized and regulated by Japan's Financial Services Agency (JFSA) with JCN number 9010401051715. The company holds a Type I Financial Instruments Business license, number 255.

IG South Africa regulation: IG Markets South Africa Ltd, is registered in South Africa with company number 2010/000229/10. With a registered address at The Place, 1 Sandton Drive, Sandton, the company is authorized and regulated by South Africa's Financial Sector Conduct Authority (FSCA) with a financial services provider (FSP) license, number 41393.

IG Switzerland regulation: IG Bank S.A., with a registered address at 42 Rue du Rhone, 1204 Geneva, is authorized and regulated by the Swiss Financial Market Supervisory Authority (FINMA).

IG Bermuda regulation: IG International Limited can be the main counterparty for clients of other countries around the globe, not covered by the above regulations. This entity, with an address at 16 Burnaby Street, Hamilton HM11, Bermuda is regulated by the Bermuda Monetary Authority (BMA) with license number 54814.

Client Money Protection

IG US complies with the highest safety standards regarding clients' funds, by offering segregated accounts. This means that IG US client’s funds are fully segregated from the company's funds, in top-tier international banks.

Regulatory Deposit Insurance

IG US LLC (IG US) does not provide regulatory deposit insurance, as, currently, this protection mechanism is not a requirement by the USA financial regulators. This means in the unlikely event that IG US LLC is unable to pay claims, or in case of default, investors might not be entitled to compensation.

Negative Balance Protection

Investors opening a trading account with IG US LLC (IG US) are not covered by an NBP mechanism. This means IG US LLC clients are not protected from losses bigger than their original investments, or, from keeping their accounts balance below zero.

IG (ig.com) Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  IG
Forex12.50% Of The Spread
1000+ Lots - 20% Of The Spread
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  IG
Forex 12.50% Of The Spread
1000+ Lots - 20% Of The Spread
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

IG US accounts are not available to residents of Ohio.

What are IG (ig.com) rebates?

IG (ig.com) rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do IG (ig.com) rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much IG (ig.com) rebates can I earn?

Use our forex rebate calculator to estimate your IG (ig.com) rebate earnings:

You must enter a valid number

Are IG (ig.com) rebates a scam; do my spreads increase?

IG (ig.com) rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for IG (ig.com) rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

IG (ig.com) Web traffic

Websites
ig.com
Organic monthly visits 11,162,680 (96%)
Organic traffic rank 3 out of 1760 (Forex Brokers)
Paid monthly visits 437,320 (4%)
Total monthly visits 11,600,000
Bounce rate 49%
Pages per visit 3.5
Average visit duration 00:04:17

IG (ig.com) Profile

Company Name IG US LLC
Categories Forex Brokers, USA Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2017
Office Locations United Kingdom, United States
Account Currency USD
Client funds bank BMO HARRIS
Support Languages English
Funding Methods Bank Wire, ACH, Debit Card
Financial Instruments Forex
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
Established in early 1974, the IG.com broker is a premium multi-asset online brokerage company, and a global provider of trading services headquartered in London, United Kingdom. The group has also offices in the USA, several European countries and in the Asia-Pacific region.

IG.com provides easy access to a wide range of asset classes including forex, thousands of equities*, cryptocurrencies*, indices*, commodities* and even government bonds*. Trading with IG US can be done through the MetaTrader4, the in-house developed App (available for iOS and Android devices) and, our recommendation, the excellent proprietary online platform (available as WebTrader).

*Not available with IG US LLC (IG US).

IG (ig.com) Asset classes

The IG US entity proposes a limited selection of financial instruments for trading, only forex. Still, it provides traders with competitive pricing and cutting-edge trading platforms, available for desktop and mobile versions.

Currencies: 80+ pairs, including Major, Minor and some Exotic crosses.

Cryptocurrencies: crypto CFDs are not offered to clients of IG US.

Commodities: commodities CFDs (Gold, Silver, Oil, Gas, etc.) are not offered to clients of IG US.

Indices: indices CFDs are not offered to clients of IG US.

Stocks: shares CFDs are not offered to clients of IG US.

IG (ig.com) Account types

  IG
Maximum leverage50:1
Mobile PlatformMT4 Mobile, IG Apps
Trading PlatformMT4, IG Web-based
Spread TypeVariable Spread
Minimum Deposit250
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  IG
Maximum leverage 50:1
Trading platform MT4IG Web-based
Mobile platform MT4 MobileIG Apps
Spread type Variable Spread
Minimum deposit 250
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

IG US offers one trading account, a forex trading account, with variable spreads and no trading commissions. Traders can get an edge with IG’s award-winning platform, designed to be with traders wherever they are. The IG US platform is web-based and is available in Apple and Google’s app stores for mobile devices.

It is also worth mentioning the other features available (or not) with the IG US:

Swap-free accounts for traders of Islamic belief are currently unavailable with IG US.

Social trading, including copy trading, is currently unavailable with IG US.

PAMM accounts and MAM accounts (Multi-Account Manager) for money managers are unavailable with IG US.

IG US’ maximum forex leverage ratio is up to 50:1.

IG (ig.com) Demo account

IG (ig.com) demo account gives users the chance to test the broker's pricing and execution on several asset classes, without risking any real money.

The demo account is non-expiring

Virtual funds: from $10,000

Leverage: up to 50:1

Trading instruments: 80+ forex pairs

Register for free and test your trading strategies, open a IG (ig.com) demo trading account with no risk and no obligation now.

IG (ig.com) Pricing

Account/Pricing Forex Trading
EUR/USD spread from 0.8 pip
EUR/USD commission (1 lot) $0
EUR/USD swap rates (1 lot) 26-04-2022
  • Long: n/a
  • Short: n/a

Spreads and trading commissions

For our IG (ig.com) price comparison table, we use the EUR/USD pair as the benchmark, for its popularity with traders and because it is the most traded FX pair.


IG US Forex Trading account spread starts at 0.8 pip, with an average of 1.2 pip. The Forex account is commission-free and the ideal solution for investors looking to trade with only the bid/ask prices.

Rollover rates

This is one of the negative points of IG US. As of 26-04-2022, the broker is not publishing its swap rates. We tried with a live account on its web-based platform, and also with a demo on MT4, and looked at contract specifications.

The rollover rates are nowhere to be found, thus, impossible to publish in this review. Of course, IG is well aware of this issue, as several traders complain online. Instead, the broker publishes an explanation of how IG overnight fees are calculated, here: customer agreements (ig.com)

IG US 3-day swap rate is charged on Wednesdays, at 5:00 pm EST.

IG (ig.com) Deposits / Withdrawals

IG US proposes one trading account, Forex, in just one base currency. The broker accepts account deposits with multiple funding methods, including ACH:

Account currencies: USD.

Forex account recommended minimum deposit: 250 USD.

Funding methods: ACH, bank wire, debit cards.

Deposit fees: IG US does not charge fees for deposits. However, US intermediary banks may charge a transaction fee. IG US also passes the deposit fees to clients for international deposits or deposits not made in USD.

Deposit processing times: from instant to 10 minutes (bank wires up to 5 working days).

Withdrawal fees: IG US does not charge withdrawal fees, except a $15 fee for withdrawals via wire payments.

Withdrawal processing times: variable, from 1 to 48 hours (bank wires up to 5 working days).

Inactivity fee: IG US reserves the right to charge an inactivity fee of $12 per month, charged to accounts if there is no trading activity for 24 months.

For more information, please visit the IG US trading costs web page, or log in to your My IG Client Portal.

IG (ig.com) Popularity

IG US is fast becoming a very popular broker in the US, and with retail traders, for its many unique features:

Client safety mechanisms: segregated accounts with tier-1 banking institutions (HSBC), regulated by the US NFA and US CFTC.

Competitive pricing: spreads from 0.8 pip on the Forex account, zero trading commissions, no fees on deposits/withdrawals.

Execution model: MM.

Trading education: IG Academy, online trading courses, webinars, seminars, news and analysis, event calendar.

Customer support languages: English.

Overall, the curated range of instruments available for trading, the competitive pricing of the Forex account, the IG’s feature-packed trading platform, merged with the attractive zero-fees on deposits and withdrawals policy, position IG (ig.com) on the top 10 brokers for popularity with traders opening a trading account in 2022.


IG (ig.com) FAQs

Is IG US a regulated retail forex broker?

Yes, IG US is a regulated forex broker. The broker is regulated by the US NFA (National Futures Association) and by the US CFTC (Commodity Futures Trading Commission).

What is IG US minimum deposit?

IG US’ recommended minimum deposit for the Forex account is $250.

What is IG US's maximum forex leverage?

IG US maximum forex leverage ratio for accounts opened with the US regulated entity is 50:1.

Can I earn rebates with IG US?

Yes, traders can earn rebates from trading with IG US. Please check the cashback rebates section.

What funding methods are accepted by IG US?

IG US accepts account deposits with ACH, bank wire and debit cards.

What account currencies are available with IG US?

With IG US, traders can open a trading account in USD only.

What trading platforms are available with IG US?

Investors can trade the markets via MetaTrader 4 and the excellent IG’s proprietary platform.

Does IG US offer Cent accounts?

No, IG US does not have Cent accounts.

Does IG US have negative balance protection?

No, IG US does not have a negative balance protection (NBP) mechanism. Without NBP, traders can lose more than their original investments.

Does IG US have regulatory deposit insurance?

No, IG US does not have regulatory deposit insurance, as, currently, it is not a legal requirement by US financial regulators to operate in the United States as a forex dealer.

Does IG US have swap-free accounts for traders of Islamic belief?

Yes, IG US has swap-free accounts for traders of the Islamic religion. Terms and conditions apply.

Does IG US accept applications from residents in Japan?

No, IG US does not accept applications from residents in Japan.

Does IG US accept applications from residents in Canada?

No, IG US does not accept applications from residents in Canada.

Does IG US allow scalping trading?

Yes, IG US allows scalping trading. And with its fast execution speeds and reliable execution, it can represent a reliable option for scalping.

What is the IG US execution model?

IG US execution model is MM (Market Maker).

Does IG US have mobile trading platforms?

Yes, IG US serves clients with the MT4 and IG’s proprietary platforms, available for mobile devices running on iOS and Android systems.

Does IG US have a trading API?

No, IG US does not provide a trading API.

Does IG US pay interest on margin?

No, IG US does not pay any interest on margin.

What type of spreads are IG US' spreads?

IG US' spreads are variable only (from 0.8 pip). No fixed spread accounts are offered

IG (ig.com) Real customer rating

4.3

IG (ig.com) reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.

IG US verified customers, with a live trading account, recommend the broker for its fast account opening process and overall trading conditions.

Negatively, some users pointed out that requotes can occur.

Source: IG US Review 2022 - Verified Customer Reviews (fxverify.com)


Review sources

With an industry presence of nearly 12 years, CBFX is a leading IB broker of forex and CFDs trading accounts to all of the world's top brokers. One of CBFX’s primary missions is also to help the trading community in making informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources.

The sources used for our IG (ig.com) review may include government data and data supplied by the broker, or available on the broker's corporate website(s). We also use the analysis and rankings of our in-house industry experts, and the feedback provided by verified traders with a live account. The information on this IG US review page was also sourced from:

USA's National Futures Association website, IG US LLC, company details page.

IG US website, Trading Accounts, trading accounts comparison page.

IG US website, Contracts Specs, financial instruments specifications page.

IG US website, Help Centre, frequently asked questions page.

FXverify website, IG US user reviews by verified traders with a live account, reviews page.


Risk Warning: Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. You should consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing your money.