The world of online trading is becoming more competitive every day, with a large number of platforms available to users. Among the most popular trading platforms is IG, which offers a range of trading options including forex, CFDs, shares, and more. This review will provide a comprehensive analysis of the IG online trading platform, including its features, benefits, and drawbacks, helping you to decide if it is the right trading platform for you.
Features
- User-friendly interface: IG’s interface is easy to navigate, with clear and intuitive menus that make it simple to find the information you need.
- Range of trading options: IG offers a variety of trading options including forex, CFDs, shares, and more, allowing users to diversify their portfolio and trade in multiple markets.
- Advanced charting tools: IG’s advanced charting tools provide users with real-time market data and allow for in-depth technical analysis.
- Risk management tools: IG provides a range of risk management tools, including stop-loss orders and guaranteed stops, to help users manage their positions and limit their losses.
- Mobile trading app: The IG mobile trading app allows users to trade and monitor their positions on the go, providing a seamless trading experience.
User-friendly interface
One of the standout features of the IG online trading platform is its user-friendly interface. The platform is designed to be intuitive and easy to navigate, with clear menus and a simple layout.
Upon logging in, users are presented with a dashboard that displays their open positions, account balances, and market news. The main menu bar is located at the top of the screen, providing quick access to account settings, trading options, and analysis tools.
The platform also offers a customizable workspace, allowing users to arrange their screen layout according to their preferences. This makes it easy to view important information and monitor trading activity in real time.
Overall, the user-friendly interface of the IG online trading platform makes it an accessible choice for users of all experience levels.
Range of trading options
Another key feature of the IG online trading platform is its extensive range of trading options. IG offers a diverse set of markets to trade in including:
- Forex: IG offers 91 currency pairs to trade in, with competitive spreads and access to advanced tools and features.
- CFDs: IG offers a wide range of CFDs including indices, shares, commodities, cryptocurrencies, and more.
- Shares: IG users can trade in over 13,000 international shares, with access to real-time prices and a range of research tools.
- Commodities: IG offers trading in a variety of commodities, including gold, oil, and natural gas.
- Cryptocurrencies: IG offers trading in the most popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
This diverse range of trading options allows users to diversify their portfolios and take advantage of different market opportunities. With access to multiple markets, users can find the best trading opportunities that fit their strategy and risk tolerance.
Advanced charting tools
The IG online trading platform provides users with advanced charting tools that allow for in-depth technical analysis. The platform offers a range of chart types, including line charts, candlestick charts, and more, with a variety of customizable indicators and drawing tools.
Technical analysis plays an important role in trading, and the platform’s charting tools provide users with the ability to analyze price trends and identify potential trading opportunities. Users can customize their charts with over 90 technical indicators and drawing tools, making it easy to perform technical analysis that fits their trading strategies.
In addition to its charting tools, IG also offers real-time market data and news feeds to keep users up-to-date on market trends and events. This information can be displayed on users’ charts, providing context and helping to inform their trading decisions.
Risk management tools
IG’s online trading platform offers a range of risk management tools to help users manage their positions and limit their losses. These tools include:
- Stop-loss orders: Users can set stop-loss orders to automatically close out a trade at a certain price level, limiting their potential losses.
- Account protection: IG offers negative balance protection, which means that users cannot lose more than their account balance.
- Guaranteed stops: IG offers guaranteed stops for certain trades, which means that the user can limit their potential losses to a certain amount.
- Trailing stops: Users can set up trailing stops that automatically adjust according to the market’s movements. This allows them to lock in profits and limit potential losses.
These risk management tools provide users with the ability to manage their positions effectively and limit potential losses, which is an important aspect of successful trading. By giving users control over their positions, IG’s platform helps users to feel confident and secure in their trading decisions.
Mobile trading app
IG’s mobile trading app is available for both iOS and Android devices, allowing users to trade and monitor their positions on the go. The app offers a range of features, including:
- Real-time trading: Users can trade in over 17,000 markets, including forex, shares, commodities, cryptocurrencies, and more.
- Advanced charting: Users can use advanced charting tools to analyze market trends and identify potential trading opportunities.
- Notifications: Users can set up notifications for price alerts, news updates, and other important events.
- Secure access: The app uses two-factor authentication and offers biometric login options, ensuring that users’ accounts remain secure.
