IG
| Title | Title |
|---|---|
| Year founded | 1974 |
| Location | UK |
| Regulation | FCA (UK) |
| US Available | Yes |
| Trading instruments | Currencies, Indices, Crypto, Shares, and Options |
| Trading platforms | MetaTrader4®, MetaTrader5®, IG WebTrader, and IG mobile app |
| Minimum deposit | $300 |
| Deposit methods | Credit/Debit Cards |
| Base currencies | 6 |
| Inactivity fee | Yes |
| Withdrawal fee amount | $0 |
| Max. Leverage | Up to 1:50 |
| Min. Spread | 0.8 pips |
| Currency pairs | 90+ |
| Demo account | Yes |
| Social / Copy trading | Yes |
| Automated trading | Yes |
IG has been well known for providing excellent trading services to traders since its inception in 1974. The company had a revenue of GBP 488 million as of 2019. The Financial Conduct Authority in the UK regulates the broker, and the exchange undertakes Internal Capital Adequacy Assessment Process (ICAAP). With over 17,000 instruments available under the category of forex, indices, crypto, shares, options, and commodities, traders can diversify their portfolios. You only require a minimum of $300 in deposit to start placing your executions, which have low fees of 0.4 pips of currency pairs and 0.8 points on major indices.
The broker has a limited number of deposit methods, including only debit and credit cards. However, you can withdraw through bank transfer and PayPal. Inactivity fees are deducted if there is no activity on the platform for two consecutive years and if your account has some balance inside. IG has its own trading platforms for web and mobile trading, whereas the industry standard Metatrader 4® and 5® are also available for those who like to stick to well-known traditional methods. The education and research sections are comprehensive and offer strategies, news, trade analytics tools, risk management insight, and market analysis. Customer services are excellent at IG, which are at hand through live chat, phone, and email. You can access them 24 hours a day from 8 am Saturday to 10 pm Friday.
Pros
- Top tier authorities regulate IG
- User-friendly and powerful trading platforms
- More than 17,000 instruments available to trade
- A vast collection of trading tools
- US traders are allowed
- No inactivity fee for two years
Cons
- Limited deposit methods
- Customer support not available 24/7
- It offers a max spread of 50:1
End of the Line
Forex Copier software can be used to diversify your brokers. The auto trade copier has two different versions to meet all your copy trading needs:
- Forex Copier 3 copies all your trades on the same PC/VPS
- Forex Copier Remote 2 that copies all your executions remote from one PC/VPS to another
A team of competent and experienced forex traders developed Forex Copier. They initially made the software for their own needs and, therefore, included everything that might help a trader gain an edge in mirror trading, including ig copytrading. The mirror trading software possesses an answer to all of your trade copying needs. Various benefits are at one’s disposal through the use of the trade copier, including:
- The ability to diversify your risks by spreading your equity to several accounts
- Automatic stop loss adjustments
- Price adjustments
- Lot/risk management
- Emergency stop
- Order filtering
Forex Copier is not affiliated with any brokerage yet provides support to copy positions from each. By installing Forex Copier on your PC/laptop, you can link two MetaTrader® platforms to copy trade mt4® and mt5® account positions.
