Helping You Invest Smartly
Helping You Invest Smartly is one of the most comprehensive trading platforms in the UK. It offers a variety of tools for beginners and experts alike. It also provides plenty of educational resources through its IG Academy. Unfortunately, it is not the best platform for infrequent traders due to its fees. In addition to a quarterly custody fee, the brokerage charges for stock trades and inactivity. It also does not offer options or cryptocurrency trading.
The company is regulated by the Financial Conduct Authority (FCA). It has been in business for more than 45 years, and its track record shows that it has consistently adhered to all regulatory requirements. The FCA requires that client funds be ring-fenced from other assets, and placed in segregated custodial accounts. This means that in the unlikely event of liquidation, clients are protected up to PS85,000.
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To open an account with IG, you must provide proof of identity and residency in the UK. You will then need to complete a short financial aptitude test. If you do not pass, your application may be rejected.
Once you’ve been accepted, IG will send you an email asking you to verify your identity and address. You must then upload a form of ID and a utility bill. After verification, you can start trading and investing with IG. You’ll find around 13,000 unique stocks and investment trusts to choose from, as well as 98 forex pairs. This is more than double the selection offered by competitor eToro.