BrokAIr Reviews

IG US Review

"IG US has become the go-to choice for many traders because of its low fees, but it may come at a cost to their customer service. Is the lack of support worth the cost savings?"

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IG US Overview

The Company

IG US is an online brokerage founded in 1974. It is part of IG Group which has a presence in 17 countries and is listed on the London Stock Exchange. It is regulated by the Financial Conduct Authority (FCA) and is registered with the Commodity Futures Trading Commission (CFTC).

Pros and Cons

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Cons:

Public Opinion

IG US has a positive overall public opinion. Users praise its wide range of markets, competitive spreads and margin rates, advanced trading platform and excellent customer support. However, some users have complained about its high minimum deposit requirements and limited educational resources. Overall, IG US is seen as a reliable online brokerage.

Notable Events

In 2017, IG US was fined $3 million by the CFTC for failing to supervise its employees who had traded on customer accounts without authorization. In 2019, IG US was granted approval by the FCA to open a branch in Germany. IG US launched its own cryptocurrency index in 2020, allowing customers to monitor the performance of the top 10 cryptocurrencies.