IG Asia Reviews and Comparison - Seedly
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IG Asia

  • Overview
  • Reviews (3)
  • Questions (0)
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IG Asia

$15
MINIMUM FEE
0.10%
TRADING FEES
Market Maker
STOCK HOLDING TYPE

    IG Asia

    $15
    MINIMUM FEE
    0.10%
    TRADING FEES
    Market Maker
    STOCK HOLDING TYPE

Details

IG Markets Review 2020

IG Markets is an online trading and investments provider, specialising in CFDs. They also have more traditional options like ETFs.

Types of Products IG Asia provides

You can trade the following through IG Asia:

  • Indices
  • Shares
  • Comodities
  • Forex
  • Cryptocurrencies

Types of Services IG Asia provides

  • Multiple user-friendly platforms from online to mobile app, including advanced platforms like MetaTrader4
  • 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.
  • Transparent and competitive pricing.
  • Deep liquidity and advanced dealing options for more control over your trades

Read More about IG Asia
Reviews (3)

3.0

3 Reviews

  • 5
    0
  • 4
    1
  • 3
    1
  • 2
    1
  • 1
    0

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  • Updated 1d ago

    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.
    0 comments
    0
  • Updated on 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 comments
    0

    4 more comments

    Mr K

    18 May 2020

    Thank you for the pointer....and I have a few more questions 1. Why is Stock options not included in the the platform? 2. What are the hedging tools that can useful for stocks during volatility ? 3. Are dividends deducted for commission/fees?
    Terence Tan, CMT
    Terence Tan, CMT

    09 Jun 2020

    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.
  • Posted on 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 comments
    0
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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): $15
  • 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