Top Forex pro Acount : IG - Best for CFDs, Most Trusted

As an early pioneer in offering contracts for difference (CFDs) and spread betting, IG was founded in 1974 and has grown to be a global leader in the online trading industry. IG is a London-based public company listed on the London Stock Exchange’s FTSE 250 (LON: IGG).

IG offers traders access to trade over 15,000 products across multiple asset classes, including forex, CFDs on shares, indices, commodities, bonds, cryptocurrencies, and provides access to other global markets including exchange-traded shares through its regulated offerings. In 2017, IG launched Smart Portfolios as its first move into the managed investment space, as well as seven CFD cryptocurrency pairs including Bitcoin, Bitcoin Cash, and Ethereum.

As of its financial year ending May 31st 2018, IG services over 195,000 active clients globally through its 14 global offices and 1,500 staff, across its regulated entities in the UK and internationally. IG's Nadex (North American Derivatives Exchange) brand offers derivatives to US clients and is regulated by the CFTC.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of IG .

	IG
Trust Score	97
Year Founded	1974
Publicly-Traded Company (Listed)	Yes
Regulated in Major Hub	Yes
Regulated in Emerging Hub	Yes
Authorised in the European Union	Yes
CFTC Registered (USA)	Yes
FCA Regulated (UK)	Yes
IIROC Authorised (Canada)	No
FINMA Authorised (Switzerland)	Yes
ASIC Authorised (Australia)	Yes
SFC Authorised (Hong Kong)	No
MAS Authorised (Singapore)	Yes
FSA Authorised (Japan)	Yes
FMA Authorised (New Zealand)	Yes
CySEC Authorised (Cyprus)	No

Offering of Investments

The following table summarizes the different investment products available to IG clients.

	IG
Minimum Initial Deposit	£100.00
Currency Pairs (Total Forex pairs)	91
CFDs - Total Offered	15000
Exchange Traded Securities: US	Yes
Exchange Traded Securities: International	Yes
Cryptocurrency traded as actual	No
Cryptocurrency traded as CFD	Yes

Commissions & Fees

IG has very competitive pricing on its web-based and mobile/tablet platforms, which include the MT4 platform, with minimum spreads on the EUR/USD from 0.6 pips and average spreads of 0.74 pips on the pair, for the 12 weeks ending June 26th 2017, for mini and standard size contracts.

IG forex commission average spreads euro usd currency pairs

For volume traders, IG has even more competitive rates on its commission-based offering, Forex Direct, in which spreads can drop to 0.26 pips (based on March 2016 data), where a commission of $1 to $6 per standard lot (100K units) is added, depending on the related tier pricing level you qualify for based on specific volume thresholds.

Compared to brokers that have a higher minimum for their active trader account, IG is a viable alternative as only £1,000 is needed for Forex Direct, compared to $50,000 for a VIP account at TickMill, $25,000 for an Active Trader account at FXCM, or $10,000 for a Premium account at FOREX.com.

	IG
Average Spread EUR/USD - Standard	0.75
All-in Cost EUR/USD - Active	0.363
Active Trader or Premium/VIP	Yes

Customer Service

For our 2018 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.

Results: