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Author Topic: IG group  (Read 1551 times)

Offline ahtiong

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IG group
« on: October 05, 2018, 04:02:58 PM »
IG group is quite a big forex broker and opened since 1974 but here seem nobody uses it. I do not have accounts with them but I read alot of bad reviews saying they are typical market maker.

How do they earn money if so many of their unhappy customers left? Even their fix api also can't be trusted?

Offline donnaforex

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Re: IG group
« Reply #1 on: October 05, 2018, 06:31:53 PM »
Is that the same company behind ig.com ? I do a lot of spreadbetting with them, never had a problem.

HOWEVER, their trading conditions are not so good for Forex (the spreads are wide, but to be fair to them i haven't checked their FX offerings for a long time). I use them to spreadbet Indices and shares. They're fine for longer term trading, and i've had no problems with withdrawals / customer support. I've been with them for getting on 15 years now, they were one of my first trading accounts, they used to be called igindex before they changed to "IG".
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Offline ahtiong

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Re: IG group
« Reply #2 on: October 05, 2018, 06:44:40 PM »
Yes, they use to call IG index. Their customer support is good. Deposit and withdrawal are good too. But I hear a lot unhappy client. I was thinking of opening up their forex fix api account but after I saw so many bad reviews, I feel IG is not a good broker for forex. They are safe for depositing big money but do not have good trading conditions, I suppose.

On the other side, CFD trading has high number of failures so most of their reviews can be biased. 

Offline donnaforex

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Re: IG group
« Reply #3 on: October 05, 2018, 07:51:21 PM »
They are a huge company, and i agree probably one of the safer options for depositing money with.  Definitely one to stay away from if you like fast scalping though, and for forex there are so many other options out there that offer better conditions. They are great for my daily strategies though, I do like this company, i just trade off their own platform i don't use MT4.

I was just browsing their reviews online and i see a lot of negative reviews (and this goes for all brokers, not just IG) are from people who don't understand how the trading platform (or leverage, margin, trade execution etc) works and have found themselves with big losses on their account as a result. Another common topic seems to be news traders struggling to close their trades during high volatility spikes - a problem common to most brokers, i recently got caught out trying to exit a trade during NFP with a different broker, it took me around 30 seconds to get out, but i expected that.
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Online petersurrey

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Re: IG group
« Reply #4 on: October 05, 2018, 08:23:14 PM »
I have never had issues with them - quick deposits and withdrawals and order entry options are excellent ie OCO, trails etc. Profits are being hit by ESMA affected traders departing, hence the recent CEO departure and as already mentioned execution is not the best, so not for scalpers. The one big advantage for UK traders is their tax-free spread bet platform.

 

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