IG Markets is a FCA regulated broker that operates as a division of the IG Group. IG Group is a large corporation with a listing in the London Stock Exchange and it is also a FTSE250 Index member.
Because of this, IG broker is more secure compared to newer brokers that are regulated by CySEC. IG has received numerous rewards for offering a high quality trading platform. It has headquarters in London and Dublin but it also set up office branches 17 other countries. IG binary options broker boasts a customer base of over 130,000 traders around the world.
Opening an Account
You can open a binary options trading at IG Binary with a minimum deposit of $100. There is a demo account for traders who want to test their trading strategies.
Trading Platform
IG offers an award winning proprietary platform that gives you access to over 10,000 markets. It offers browser based desktop platform and mobile platform. There is no need to download any software to access the browser based desktop platform.
You can customize the platform based on your preferences including move the windows, and edit the columns. Some of the features on the platform are set stops, tear off prices. The easy to use market finder allows you to find your preferred asset within a short period. You can set up watch lists for a wide range of markets, banks, and retail companies.
On the platform, you will find many free charts that are updated with real time data. The free charts give you access to a variety of popular indicators. You can carry out trading activity from the charts including execute a trade, and set stops and limits. The chart is fully customizable and you can attach notes and draw trend lines. The edits you made on the layout of the charts can be saved and you also have the option of printing the charts for analysis.
Types of Options
IG offers two types of binary options including IG binaries and sprint markets. IG binaries include options with a time frame that range from 5 minutes, 20 minutes and 60 minutes. There are also options with daily, weekly and monthly expiry in IG binaries. The types of assets you can trade in IG binaries are indices, currency pair, commodities, bitcoins and important economic indicators.
The selection of the types of options available in the IG binaries is as wide as the top binary options broker, 24Options. Some of the different types of options IG Binary offers are standard call/put, ladder, one touch, target, hi-lo, and tunnel.
- You can trade on the options in IG binaries via CFD or spreads.
- The pricing of the options in the IG binaries are set by the broker based on factors such as expiry time, volatility and market value.
- There is a feature for you to close a trade you place on an option in the IG binaries before the expiry.
In sprint markets, you will find options with expiry time frame of 60 seconds, 2 minutes, 5 minutes, and 60 minutes. You can trade on 3 types of assets in sprint markets including indices, forex and commodities. You will be trading on super fast binaries in the sprint markets and the minimum investment per trade is £20. There is no option to close the option you place in sprint markets prior to the expiry.
Regulation
The IG binary options broker is one the most regulated brokers in the Europe because it is regulated by many financial regulators around the world. It is under regulation by the UKGC (United Kingdom Gambling Commission) and it was assigned with the reference number 2628. Additionally, it is also regulated by other financial regulators such as SEC, AMF, BaFin, Consob, FINMA and ASIC.
Customer Support
You can contact the IG’s customer representative by posting your query in its twitter profile @IGClientHelp. Their customer representative is available to response to your queries posted on the Twitter for 24/7 from Monday to Friday. You can also talk to an expert at IG by clicking on the live chat support button. The live chat support is available for 24/7 per day just like the Twitter customer support. When their experts are available, the live chat button will be green color.
Conclusion
In conclusion, IG is a well regulated broker that offers award winning and fully customizable trading platforms. IG offers many advanced trading tools that you can use to perform the market analysis and they also have a friendly customer support team.