Reviews

IG Online Trading Platform Review

4 Mins read
8.8

Are you looking for a reliable and user-friendly online trading platform? Look no further than IG. With its intuitive interface and comprehensive market coverage, IG is a popular choice among both novice and experienced traders. In this review, we will take a closer look at some of the key features that make IG stand out from the competition.

Features

  1. User-Friendly Interface: One of the standout features of IG is its easy-to-use platform. Whether you are a beginner or an experienced trader, navigating the platform is a breeze. The platform is customizable, and you can easily create and monitor your watchlists, place trades, and view your account balance and trading history.
  2. Comprehensive Market Coverage: IG offers access to a wide range of markets, including forex, shares, indices, and commodities. This offers traders the flexibility to create a diverse portfolio and the opportunity to profit from different markets.
  3. Advanced Charting Tools: IG’s charts are among the most advanced in the industry, with a wide variety of technical indicators and drawing tools available. This allows traders to perform in-depth analysis and make more informed decisions.
  4. Risk Management Tools: IG offers a range of risk management tools to help traders mitigate their risk. For example, you can set stop-loss and take-profit orders to automatically close your trades at specified price levels.
  5. Educational Resources: Whether you are a new or experienced trader, IG provides an extensive range of educational materials to help you improve your trading skills. This includes webinars, videos, trading guides, and a demo account for practicing your trading strategies in a risk-free environment.
  6. Mobile Trading App: The IG mobile app is a great addition for traders who want to stay connected to the markets on the go. The app is easy to use and offers all the functionality of the desktop platform, including charting tools, trading alerts, and real-time market data.
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User-Friendly Interface

IG’s user-friendly interface is one of its standout features. The platform is designed to be easily customizable, allowing users to tailor their trading experience to their individual preferences.

Navigating the platform is intuitive, with simple menus and clear options for creating watchlists, placing trades, and checking account balances and trading histories.

Additionally, the platform is designed to be visually appealing, with clean and modern aesthetics that make it easy on the eyes during long trading sessions.

Comprehensive Market Coverage

IG offers comprehensive market coverage, with a wide range of markets available for trading. This includes forex, shares, indices, and commodities, providing traders with the flexibility to diversify their portfolios.

IG also offers access to international markets, allowing traders to take advantage of global trading opportunities. With over 17,000 markets available, IG provides a broad range of opportunities for traders to explore and invest in.

In addition, IG provides real-time market data and analysis, giving traders the information they need to make informed decisions. This level of comprehensive market coverage makes IG a top choice for traders who want to access a diverse and global range of markets to maximize their trading opportunities.

Advanced Charting Tools

IG’s advanced charting tools are a key feature that sets it apart from its competitors. The platform provides over 28 chart types with over 60 technical indicators, along with a range of drawing tools to customize and execute technical analysis with precision.

Furthermore, chart customization options are extensive, with the ability to add annotations, adjust colors, and apply numerous technical indicators, such as Moving Averages, Stochastic Oscillators, and Relative Strength Index (RSI).

In addition, traders can create custom indicators using a programming language called ProRealTime, providing even greater flexibility for the analysis of data.

Risk Management Tools

IG offers a range of risk management tools to help traders manage their exposure and risks when trading. One of the key risk management tools is the ability to set stop-loss and take-profit orders.

Stop-loss orders allow traders to automatically close their positions at a specified price level, limiting their losses should the market move against them. Take-profit orders work similarly, automatically closing positions at a set profit target.

IG also offers non-guaranteed stop-loss orders, allowing traders to set a slippage buffer in case the market moves quickly against their position.

Additionally, IG provides Negative Balance Protection, which means that traders cannot lose more money than they have deposited in their accounts.

Educational Resources

IG offers a wide range of educational resources to help traders improve and develop their trading skills. These resources include webinars, videos, trading guides, and a demo account for practicing trading strategies in a risk-free environment.

The IG Academy is a standout feature of the platform, providing a comprehensive learning experience for traders of all levels. The academy offers courses that cover trading strategies, risk management, technical analysis, and more.

Moreover, IG’s market analysis team also provides daily trading tips, market insights, and research reports, giving traders access to valuable information to inform their trading decisions.

In addition, traders can also access a community of IG traders through IG’s forums, where they can engage with other traders and share ideas and insights.

Mobile Trading App

IG’s mobile trading app is an excellent addition to the platform, providing traders with flexible access to the markets on the go. The app is available on both iOS and Android devices, and it offers all the functionality of the desktop platform, including charting tools, trading alerts, and real-time market data.

The app is user-friendly with intuitive navigation, allowing traders to easily place and manage trades from anywhere at any time. Additionally, the app provides access to a range of risk management tools like stop-loss orders.

The mobile app is highly customizable, allowing traders to set custom notifications and alerts, so they stay up-to-date with the market movements. The app also provides traders full access to their account balances, trading history, and watchlists.

Go to Ig.com website

Summary

8.8
IG is a comprehensive trading platform with numerous features and functionalities to help traders succeed in the markets. The platform's advanced charting tools, risk management tools, educational resources, and mobile app make it an ideal choice for both experienced and beginner traders alike. With access to over 13,000 global markets, IG provides traders with the opportunity to take advantage of multiple investment opportunities. Therefore, IG is a great option for those looking for a reliable trading platform that offers flexibility and ease of use. Whether you're an experienced trader or just starting in the world of investing, IG's range of tools and services can help you achieve your financial goals.
10.0

Charting Tools:

10.0

Risk Management Tools:

8.0

Educational Resources:

9.0

Mobile Trading App:

7.0

Spreads and Fees:

Pros

  • +Comprehensive trading platform
  • +Advanced charting tools and risk management tools
  • +Educational resources such as webinars and trading guides
  • +Mobile app for convenient on-the-go trading

Cons

  • -Relatively high spreads compared to other brokers
  • -Limited currency pairs available for Forex traders
  • -Fees can be difficult to understand at times
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