IG Asia
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3.5
4 reviews
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Summary
IG Markets Online Brokerage Review 2024
IG Markets is an online trading and investments provider, specialising in CFDs. They also have more traditional options like ETFs.
Brokerage Features & Details
1) Key Features
- Massive market range of over 17,000 markets, including more 24-hour indices than any provider and out-of-hours US shares
- Effective risk management to help protect your downside risks with stop and limit orders, and keep track of your funds easily with a visible tracking of your profits and losses
- Multiple user-friendly platforms from online to mobile app, including advanced platforms like MetaTrader4
- Transparent and competitive pricing
- Deep liquidity and advanced dealing options for more control over your trades
- Library of educational videos and resources to equip investors to make informed investment decisions
2) Commission Fees
- Stocks & ETFs:
- SG Stocks & ETFs: From 0.10%
- US Stocks & ETFs: From 2 cents/share
- UK Stocks & ETFs: From 0.10%
- HK Stocks & ETFs: From 0.25% - Cash CFDs (SG Blue Chip, FTSE 100, Wall Street): 0.1 minimum spread
- Forex (EUR/USD/AUD/GBP): 0.6 minimum spread
- Commodities: Minimum spread 0.3
- Cryptocurrencies: 0.2 minimum spread
3) Other Fees
- Inactivity Fees: S$25 per month after 24 months of inactivity
4) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment methods: Bank Transfer, Telegraphic Transfer, Credit/Debit Card,
- Cheque
- Minimum investment required: No minimum deposit is required. However, you may be required to transact a minimum of S$450 for card deposits. 5) Products Offered
- Forex
- Indices
- Shares
- Commodities
- Crypto
- CFD
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Summary
IG Markets Online Brokerage Review 2024
IG Markets is an online trading and investments provider, specialising in CFDs. They also have more traditional options like ETFs.
Brokerage Features & Details
1) Key Features
- Massive market range of over 17,000 markets, including more 24-hour indices than any provider and out-of-hours US shares
- Effective risk management to help protect your downside risks with stop and limit orders, and keep track of your funds easily with a visible tracking of your profits and losses
- Multiple user-friendly platforms from online to mobile app, including advanced platforms like MetaTrader4
- Transparent and competitive pricing
- Deep liquidity and advanced dealing options for more control over your trades
- Library of educational videos and resources to equip investors to make informed investment decisions
2) Commission Fees
- Stocks & ETFs:
- SG Stocks & ETFs: From 0.10%
- US Stocks & ETFs: From 2 cents/share
- UK Stocks & ETFs: From 0.10%
- HK Stocks & ETFs: From 0.25% - Cash CFDs (SG Blue Chip, FTSE 100, Wall Street): 0.1 minimum spread
- Forex (EUR/USD/AUD/GBP): 0.6 minimum spread
- Commodities: Minimum spread 0.3
- Cryptocurrencies: 0.2 minimum spread
3) Other Fees
- Inactivity Fees: S$25 per month after 24 months of inactivity
4) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment methods: Bank Transfer, Telegraphic Transfer, Credit/Debit Card,
- Cheque
- Minimum investment required: No minimum deposit is required. However, you may be required to transact a minimum of S$450 for card deposits. 5) Products Offered
- Forex
- Indices
- Shares
- Commodities
- Crypto
- CFD
IG Asia
IG Asia
$10
MINIMUM FEE
0.10%
TRADING FEES
Market Maker
STOCK HOLDING TYPE
Reviews (4)
3.5
4 Reviews
5
1
4
1
3
1
2
1
1
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High to Low
Posted 28 May 2022
Purchased
IG Asia
Strong customer service, call them regarding withdrawal/funding details, very helpful Great userinterface, comparable to other broker such as Saxo They also offer a sign up bonus of $250 under my referral that can be used for investment or withdrawal. In sum, highly recommend users who wants to try CFD broker, IG trading is what i would share with my friends to trade cfd instruments!0
What are your thoughts?Posted 17 Nov 2019
Purchased
IG Asia
Been using IG for many year. I like its interface and functions available. Have most tools you need in a charting platform. Fees are high compared to brokerage from US.0
What are your thoughts?10 May 2020
Purchased
IG Asia
Had been using IG for a couple of weeks, quite happy using the platform but recently discover an incident, and this incident occur twice in a row. I was unsure if I made a mistake in my 1st trade and I repeat the same. (I did the trade below twice to confirm if I made any mistake) I have a stock going long in position and I did a short with 'Net Off'. The parameters as filled ; Size: 150 Level: 17450 (open position) Stop: 17650 Limit: 17050 (close position/target price) so what happens is that this trade gaps up and open high at 17495, but closed prematurely at 17499 instead, the trades did not meet my target price... and so I lose total 300 shares + the fees for the lose trades. Overall, I am not sure if there is a 'Software Bug' within the platform or "some trade manipulation" into force selling my trades and bought back at a lower price, that is what my guess are as everything is software controlled. Replies from IG helpdesk varies as they comes from different personnel and regions, the replies were not assuring for my 2 trades and they did not look into whether the orders were correctly executed... If anyone has similar encounter please share with us in this platform as this will help give insights for many newbies out there ....thank you.6
What are your thoughts?View 5 other commentsTerence Tan, CMT
09 Jun 2020
Head of Education at IG Asia
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04 Aug 2020
Purchased
IG Asia
I have been trading on IG for almost 10 years. Unfortunately they started to become more disappointing since about 2 years ago. This gives me the feeling that they have shifted their focus onto how to scoop more money from things from their clients, e.g. readjusting the spreads, the interests, etc. instead of growing with clients through better customer support. Since the system upgrade, they have been displaying the figures incorrectly on their app - fristly, they are unable to self-examine/test; secondly, half a year after i sent in feedback with screenshots of such display on their app, they are still unable to rectify it. Things like this would you make you doubt your confidence in their other capabilities in serving their clients. And such worries are proven. For example, i called their helpline for 3 days and was unable to speak to anyone. I subsequently sent them a number of emails, but received ZERO reply! I then called and texted one of their managers and was told that he felt sorry to hear that but could not do much about it either. Some of the configurations on the app are confusing too. Such confusions are like traps that make you make COSTLY mistakes easily. In short, IG is deteriorating over the recent years. I was a satisfied client for many years. I am turned away by their poor system upgrade and deteriorated customer support. IG fees are certainly on the high side compared to other platforms in the market. If they provide better customer support, I would feel it is worthy. However, in the past two years, IG has been taking more money from their clients while customer support has been reducing.2
What are your thoughts?View 1 other commentsI second the poor support. Have been trying to open a new account number since yesterday and this morning. They put you on this automated messages and each time I hang on for more than 20 minutes!! GeeZ, if opening up a new account means funding and still no support I wonder how it is like to become a client with problems. Short of having to go down to the IG Singapore office I suspect!! It is so frustrating.
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Types of Services IG Asia provides
- Multiple user-friendly platforms from online to mobile app, including advanced platforms like MetaTrader4
- Massive market range - Deal on over 17,000 markets, including more 24-hour indices2 than any provider and out-of-hours US shares
- Effective risk management to help protect your downside risks with stop and limit orders, and keep track of your funds easily with a visible tracking of your profits and losses.
- Transparent and competitive pricing.
- Deep liquidity and advanced dealing options for more control over your trades
CFD Spreads, Commissions & Margins of IG Asia
For shares, the charges are as follows:
Singapore
- Commission Per Side: 0.10%
- Minimum Charge (Online): $10
- Margin Required: 10%
UK
- Commission Per Side: 0.10%
- Minimum Charge (Online): £10
- Margin Required: 10%
US
- Commission Per Side: 2 cents/share
- Minimum Charge (Online): US$15
- Margin Required: 10%
Contact IG Asia
- Hotline: +65 6390 5118
- Address: IG, 9 Battery Road, #01-02 MYP Centre, Singapore 049910
Contact us at [email protected]should you require any assistance or spot any inaccuracies.
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Welcome, and afraid we would like to focus on the index options instead of individual stocks for equities. That said, many of our clients do use these equities index options to hedge their broad market risks. Knockouts are also frequently used by our clients to hedge market risks, and especially well-liked by investors who like the simplicity.
Dividends are not charged commission, comm is only charged for opening and closing of trade positions.