20 Jun 2020

admin

Overall score: 95

Official Site

Available in Colombia?

Yes

Average Spread for EUR/USD

0.8 pips (8 pipettes)

Founded in

1974

Maximum leverage

1:222

Regulation

FCA, ASIC, FINMA, MAS, BaFIN, DFSA, FMA, JFSA, CFTC, Bermuda Monetary Authority, Bermuda Monetary Authority

Platforms

L2 Dealer, MT4, ProRealTime, IG application

Minimum deposit

300 USD

Instruments

stocks, forex, commodities, futures, cryptocurrencies, indices, bonds

IG is a broker that connects thousands of investors around the globe with the most important financial markets. This broker has a presence in nearly 15 countries and handles an average of more than 230,000 customers.

So that you know if this provider is really good, and if it is a good option for you. Colombiawe prepared this analysis where you will find all the relevant information.

Information about the IG platform

 

Rating

Spreads and commissions

⭐⭐⭐⭐

Instruments

⭐⭐⭐⭐

Platforms

⭐⭐⭐⭐

Payment methods

⭐⭐

Customer Service

⭐⭐⭐

Resources

⭐⭐⭐⭐

Learning tools

⭐⭐⭐⭐

Overall Rating

⭐⭐⭐⭐

Opinions on IG

The trading platform of this provider is one of the oldest and most established in the market. Since its foundation in year 1974The firm has grown to become a truly global player in the financial intermediation services sector.

One of the specialties of this platform is the contracts for difference (CFD) and the exotic options. On a confidence level, this firm is listed on the London Stock Exchange (LSE) and the FTSE 250 index and is fully regulated.

If you wish to access the IG offeryou can do it directly from Colombia. Below you will find everything you need to know about this broker, so that you can make a better informed decision.

Regulations and operating license

IG_-funcionamiento

The trading platform has one of the most comprehensive regulations in the market. This entity is regulated by more than 10 international organizations in countries such as the United Kingdom, Switzerland, Singapore and Dubai.

In terms of user protection, IG has mechanisms in place for the protection of users. defense of moneyThese include segregation of funds and compensation schemes.

Additionally, IG follows the FX Global Code of Conduct and maintains rules against imbalances in accounts with a negative balance. Finally, this broker's platform uses data verification and encryption processes to ensure that people can trade reliably.

The IG platform is regulated by various authorities internationally and is completely legal in Colombia.

How to open an IG account from Colombia

Registration with this provider is quick and easy. Please note that you need some kind of incoming y citizenship card in order to complete the verification process:

  1. Log in to the IG portal and click the "Open a live account" button.

  2. Fill in the form with your country, name, and password. Click "Next".

  3. Complete the personal information with your date of birth, citizenship and contact number. Click "Next".

  4. Fill in the location details with your address, city and postcode. Click "Next".

  5. Complete the financial and employment information. Click "Next".

  6. Finish the trading experience survey. Click the "Finish" button.

Once you have completed the above process, you will be able to log in to the platform. From this moment on, you can perform operations in the demo account and access certain functions, such as news and the control panel.

However, in order to trade with real money, you will have to answer a series of knowledge questions and complete the identity verification. Both measures are aimed at protecting users, as well as being regulatory requirements for brokers.

IG Account Types

On the IG website you will find four different types of accounts. Below you will find the most important information about each one:

 

Turbo24

Barrier

CFD

Vanilla

Minimum deposit

300 USD

300 USD

300 USD

300 USD

Instruments traded

Forex, indices, commodities.

Forex, indices, metals, energies, commodities, futures and stocks.

All instruments.

Forex, indices, metals, energies, commodities, futures.

Commissions

N/A

Commission per lot

Commission on contracts for difference in shares, but 0 spread.

Commission per lot.

Maximum leverage

1:100

1:100

1:30

1:30

Platforms

Website, Android and iOS mobile applications

Website, Android and iOS mobile applications

Website, Android and iOS mobile apps, MT4, L2 Dealer, ProReal Time

Website, Android and iOS mobile applications.

Minimum volume per order

0.01 lot (one microlot)

0.01 lot (one microlot)

0.01 lot (one microlot)

0.01 lot (one microlot)

Recommended for

Short and medium term traders.

Short and medium term traders.

Expert investors. Short, medium and long term traders.

Beginner investors. Short, medium and long term traders.

Account for Turbo24

Through this option you can trade with turbo certificates. This type of asset derives its price from another underlying instrument. When you trade these certificates, your return or loss depends on whether you made a good reading of the market.

It is important that you set a position of knockout according to your expectations and ability to hold your position. While turbos offer high profits, they also increase your potential losses.

Account for barrier options

The barrier options are another type of financial derivative that defines its price based on an underlying asset. Through this account, you trade a call or put option on a given security.

If the price of the underlying asset reaches a predetermined barrier, the option is automatically closed. It is worth noting that you choose this point of knockoutSo you should operate responsibly if you decide to go with this option.

Contracts for Difference (CFD) Account

The CFD segment is one of the strengths of IG's trading platform. It is possible to trade in more than 17,000 marketsmargins are offered from 0.5%, the spreads are really low and the leverage is good.

For those people who are new to trading, this is one of the most solid online brokers available.

Vanilla Bead

This type of account allows conventional options trading without the requirement to buy or sell, unlike exotic instruments. You can place or exercise calls y puts of your favorite assets, with a leverage of up to 30 times the value of your deposit.

If you consider yourself to be good at understanding market behavior and have a strong temperament for watching price swings before the expiration date, this may be the right choice for you.

Trading platforms available on IG

This company has several programs for trading in the financial markets. Whether you are in front of your computer, on your mobile phone, or surfing the Internet, you will find a reliable and efficient option in the offer of GI programmes:

 

MetaTrader 4

ProRealTime

L2 Dealer

GI Application

Desk

✔️

✔️

✔️

Android

✔️

✔️

iOS

✔️

News

✔️

✔️

✔️

Expert advisors

✔️

✔️

Signals

✔️

✔️

✔️

✔️

Recommended for

All kinds of public.

Expert traders with advanced knowledge of technical analysis.

Stock market investors.

Users of IG broker services.

MetaTrader 4

IG MetaTrader4

The MT4 platform is one of the all-time favourites. It has achieved this place thanks to its intuitive design, automated trading tools (Expert Advisors), chartism elements and a simple, yet powerful platform.

ProRealTime

IG_ProRealTime

The ProRealTime (PRT) program provides a series of advanced technical analysis tools. This software provides more than 100 types of indicators, mechanisms for building algorithms, a huge number of charts and real-time alerts.

All users who maintain a constant activity on the IG site receive this instrument free of charge. If you already have experience in trading, this is a good incentive to use the broker's services.

L2 Dealer

IG_L2_Dealer

L2 is a platform for Direct Market Access (DMA) focused on the equity and forex segments. Among its benefits are a customizable interface, fast trading tools and access to real prices. If you plan to trade contracts for differences on stocks, it is your best choice.

IG application for Android devices

IG_Android

Through IG's software, you can enjoy from your mobile phone or tablet of all the advantages of this trading platform. The application has an excellent design and is quite intuitive. On the technical side, it has a good performance, similar to that of the elite platforms.

It is worth mentioning that, this IG software has been awarded as a Best Financial Application in the International Financial Awards and the Professional Trader Awards in 2019.

IG Trading Instruments

The broker's service offering includes a variety of options, including, actions, currencies, futures, raw materials y metals. Compared to other brokers, their catalogue is satisfactorily broad.

💵 Forex

Instrument

Average Spread

Margin

EUR/USD

0.8 pips (8 pipettes)

3.33%

EUR/GBP

1.4 pips

3.33%

GBP/USD

1.4 pips

3.33%

IG's currency offering includes commonly traded pairs, as well as other types of currencies such as the Swiss francthe dollar Canadian and the yen Japanese.

📈 Indexes

Instrument

Average Spread

Margin

US500

2.5 pips

5%

US-TECH100

10 pips

5%

IBEX35

26 pips

10%

The platform of this provider has more than 80 stock market indicesincluding the FTSE100the DAX 30, and the US500.

🛢️ Raw Materials

Instrument

Average Spread

Margin

Gold

22 pips

5%

Silver

8 pips

10%

Natural gas

1 pip

10%

If you are interested, you can trade with various types of metals, oil y gas natural. The IG portal offers a leverage level of up to 1:143 for this type of asset, which is higher than the average market value.

IG payment methods for Colombia

If you want to participate in the world of trading with this broker, the first thing you need to do is to deposit funds.

The IG site has several payment methods available and some of them are available for Colombia. However, its catwalk falls short and could be wider.

 

Debit Card

Credit Card

Bank transfer

Minimum deposit

300 USD

300 USD

No minimum

Average deposit time

Instant

Instant

1 to 3 business days

Average withdrawal time

Instant

N/A

3 to 5 business days

Commissions

N/A

1% for Visa. 0.5% for Mastercard.

Depends on the bank

Comment

Effective and easy to use method.

Fast and convenient option for depositing.

Transfer to an international bank is required.

Debit Card

If you have a credit card debit Master, Delta Visa, Electron o OnlyYou can use it to add funds to your IG account. In Colombia it is possible to make use of the plastic or virtual card from Nequi. However, the high cost of a minimum deposit discourages the use of this option.

Credit Card

The cards Visa o Mastercard are another of IG's payment methods. They are very similar to the debit option, although they have a small fee associated with the transfer. Note that you can make deposits with this type of card, but you need a bank account to make withdrawals.

Bank transfer

Finally, you can use your bank funds to deposit at IG. Unfortunately, the site does not yet have any options for ColombiaThe only alternative is an international transaction.

This type of movement has high costs and is generally slower than other methods.

The best IG payment method for Colombia is debit or credit cards.

IG Customer Service for Colombia

IG_cliente

  • E-mail: info.esp@ig.com

  • Phone: +56 800 39 23 24

  • Live chat?

In the customer service area, there are several methods of communication to request help or resolve doubts. The channels of this company include the mail electronicthe line telephone and the social media such as Facebook or Twitter.

As points in favor is the professionalism of the staff and the fast response times. We wrote to the email asking about the availability of the platform for Colombia and received a response in less than 5 hours, in a cordial and friendly manner.

In aspects to improve, we can mention the lack of a live chat, as well as a more extensive help section within the website.

Final rating of GI services

Advantages and disadvantages

✔️Large number of instruments

❌High minimum deposit

✔️Exotic options are available.

❌Few payment methods

✔️Excellent mobile application performance.

❌Live chat option missing

✔️Significantly low margins for some instruments.

 

✔️Variety of technical analysis tools.

 

Finally, we can conclude that IG is a reliable broker and offers efficient and quality services.

The broker handles a wide variety of instruments and stands out for points like its CFD offer, reduced margins on commodities, indices and currencies, and a large number of trading platforms with elements of advanced technical analysis.

However, we are left with an unpleasant aftertaste, as the lack of payment methods and the high minimum deposit requirement create barriers to entry for Colombians who want to invest their money.

If you have the money to invest, this site is really one of the best in terms of tools, rates, speed and learning elements. But if you don't have enough funds, you can make use of their demo account to enjoy a pleasant experience.

IG Frequently Asked Questions

Is it legal to trade on IG?

Yes, this broker is licensed to operate, follows regulations for the protection of its users' funds and information, and is regulated by various international authorities in the financial sector.

Can I access the IG site from Colombia?

Yes, you can make use of all the options of the IG site from our country. The trial account is available for free, and if you want to upload funds, you can do that too.

Do I have to deposit real money to open an IG account?

No, the only thing you need to create your account on the IG platform is a valid email address. Subsequently, you must have a receipt in your name and your citizenship card to validate your personal data. However, this is not necessary if you are not going to trade with real money.

What are binary options?

As the name suggests, they are an investment system with only two options: the increase or decrease in the price of an underlying asset over a certain period of time.

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