In IG Index was first established, to enable clients to trade gold as an index rather than the commodity itself. We like to be fair towards all the brokers we review although some of them are not fair to traders so we have this section on all our reviews. But I could be wrong so I recommend you to personally review this broker before you invest. Binary trading was introduced by IG in and as we know, it took other brokers 5 more years before they could offer the same product so IG is already a bunch of steps ahead of others.
In fact, it is not fair to compare IG with regular, mainstream binary options brokers because IG is in a league of its own.
Well, for one thing, you are not trading against the house because IG actually passes on your order and they have no interest to steal your money. They make money from spreads and commissions. How do they make money? They bet against you. If you lose, they win and if you win, they will find a way to keep your money. It still works in a binary way, but options are capped at 0 and You win it, you get , you lose it you get zero.
To open the trade you will have to pay a premium. If you win, your profit will be minus the premium and if you lose, you lose the premium. Like I said, there will be another article that will explain with more detail how to trade options with IG.
A new trading platform has been introduced. It is faster, leaner and offers the same information if not more but it is more user friendly. The classic platform can still be accessed and there you can use a wider range of markets. According to their website, the full range of assets and expiries will be available soon on the new platform as well.
If you are serious about trading — and I am not talking about just binary options — then you should choose a serious partner and IG is in my opinion that partner. It is not the best brokerage for a newbie but it is probably the best binary brokerage for a trader.
People will always find something to complain even when it comes to the best broker and IG is no exception. They have quite a few complaints over the internet but most of these are about slippage and delayed entries, a fact which makes me believe that their Forex offerings are not as stellar.
The binary options branch is still not hit with a lot of complaints. We cannot vouch for the authenticity of these complaints. It comes as no surprise the fact that IG fully complies with all regulatory authorities in the territories where they operate.
As I said, this is the real world. Wire transfers of more than pounds are free 15 pound fee applies if you withdraw less than and are made the same day. BACS payments take between 3 to 5 working days. International payments may incur a 15 Pounds fee. Charts, professionalism, same day withdrawals, hundreds of markets to trade on, binaries on bitcoin, extensive market insights from professional analysts, video market insights four 4 times a day via IG Live and they even offer a tool that allows you to keep a Trading Diary online.
Compared to the classic binary options brokers, I think everything is an extra with IG. IG now offers Sunday Trading. For more details, visit this link. The website is not very user friendly for the simple reason that it is very complex and has a ton of features so you will spend a lot of time going through all of them.
More than 20 languages available. They have introduced a new platform, which in my view is easier to use, faster but still complex and with tons of features. The new platforms has a live news feed and a Twitter feed focused on financial news of course. The expiry times range from 5 minutes to monthly but you can also trade Sprint Markets, which is a fast form of binaries, similar to 60 seconds or Turbo Options.
Sprint Markets expiry is limited to 60 seconds, 2 minutes and 5 minutes and 20 minutes for some markets. For now they offer just a few assets, limited to currencies and indices. There are no commissions for opening an account which is normal for any broker but you will pay an inactivity fee of 12 pounds on the first of each month for accounts that have been inactive for 2 years or more.
Support is pretty straightforward and you will not get any cheap sales tactics like: The effective return is based on market volatility, time before the option expires, distance between market price and strike price, trend and other factors. The price premium you have to pay for the option is of course known before you open the trade and the difference between that and is your payout.
Non-UK debit cards are charged a 1. IG does not accept payment cards where the holder is a US resident. As a special feature, clients can add funds via special iPhone and Android apps.
IG does not offer a Bonus. However for the typical binary options trader those extras might be hard to understand and adapt to. For more Trusted Binary Options Brokers check this link! Binary Options That Suck. Please be noted that all information provided by Binary Options that Suck are based on our experience and do not mean to offend or accuse any broker with illegal matters.
The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.More...