IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the majority of the company’s activities are based in the UK, the company has expanded internationally. IG is regulated by the FCA, the UK’s financial authority body. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
One of the things that sets IG apart is the impressive diversity of different underlying assets it offers traders the opportunity to trade as CFDs. In addition to the usual lineup of shares, indices, Forex and commodities, IG CFD trading lets traders open positions on cryptocurrencies, bonds and even ETFs. Below is a basic overview of some of the products in major categories. Because of IG’s large asset list, however, these examples are far from comprehensive.
Like almost all brokers, IG provides considerable offerings in the Forex, or foreign exchange, category. Traders working in this market trade on the comparative value of pairs of international currencies. Since fluctuations are always occurring between the currencies of the world, there is always money to be made in Forex. Some of the currency pairs available on IG are:
|Minimum Spreads2||CMC||Oanda||Plus 500|
Source : https://www.ig.com/sg/forex#spread
2 The data provided for the comparison table above is based on an analysis of forex pair minimum spreads offered by IG and other Singapore leveraged providers. This research for minimum spreads was conducted on 15 March 2018. Source: www.ig.com/sg, www.cmcmarkets.com/en-sg, www.oanda.com, and www.plus500.com.sg.
Complementing share CFDs are those based on broader stock indices. Though indices and individual shares within them will often move in the same way, an index represents a broader share of the market, giving it somewhat more stability and predictability than an individual stock. Major indices that can be traded with IG CFD trading include:
- US 500
- US Tech 100
- Australia 200
- Germany 30
- Japan 225
Moving away from the stock markets, IG also offers derivatives based on commodities. Though they require a somewhat more specialized knowledge base to trade, there is excellent money to be made in commodities trading for those willing to learn how to do it correctly. Often, commodities remain strong and steady in periods of higher stock volatility. Commodities that traders will find on IG include:
- Crude oil
- Natural gas
Though most CFD brokers do offer at least some commodities, IG offers a more diverse list than most. Agricultural commodities, for example, are less often included than precious metals. For traders who plan to work heavily with commodities, therefore, IG is a leading option .
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.