IG Account Types provides access to National, International, and Corporate account types. No minimum deposit amount is required to register an IG live trading account.
IG Account Types - Key Point Quick Overview
- ☑️Overview
- ☑️IG Account Types
- ☑️IG At a Glance
- ☑️IG Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- IG is a world-leading online trading provider that caters to South Africans and International investors.
- IG, also known as IG Trading and IG Group, has a longstanding commitment to South Africa, and as of 2010, IG Markets South Africa Limited (IGMSA) has been regulated by the FSCA.
IG Account Types
- IG provides access to International, Corporate, and CFD account types.
- No minimum deposit amount is required to register an IG live trading account.
International Account
- To trade global markets, you’ll need to open an international account, a requirement by the South African Reserve Bank.
- To get an IG international account, you just need to fill out the application form for a live account.
- You’ll automatically be given both a domestic and international account, but it’s completely up to you whether to fund just one or both.
Corporate Account
- Trade the financial markets through a corporate structure, even if you’re not an institutional client.
- IG offers trading solutions for institutional and retail corporate clients.
- These account options are based on powerful technology, a massive range of tradable markets, and dedicated user support.
| ✅ Institutional Groups included | 🔎 Account Features |
| Regulated Entity | Professional Platforms |
| Bank or Brokerage Firm | Trading API's |
| Investment Manager | 17,000+ Markets |
| Private Investment Office | Deep Liquidity |
| Professional trader | Dedicated Service |
| 📝Sign up | 👉 Open Account |
CFD Account
No minimum deposit amount is required to register an IG CFD Account. IG CFD Account benefits include:
- Tight Spreads
- Low Commissions and Margins
- Superior Trading Platform
- Expert charting packages
- Free educational videos and resources
- Free data and research
| 🔎 IG Trading Account | 🥇 CFD Account |
| 💵 Setup charge | No fee |
| 💶 Annual charge | No fee |
| ⛔ Inactivity fee | Yes |
| 💷 Account closure | No fee |
| 📈 Markets | 17,000+ global markets |
| 🪙 Commission | Variable |
| 📌 Overnight funding | Yes |
| 📊 Margin/leverage | From 0.5% for forex, 5% for shares and margin factor for indices |
| 🆓 Demo account | Yes |
| 📝Sign up | 👉 Open Account |
Islamic Account
- IG does not offer an Islamic swap-free trading account on any level. IG Markets does not offer Extended Swap-free status.
Demo Account
- IG does offer 2 free demo trading accounts for beginners to practice forex trading in a 100% risk-free environment.
- The IG demo accounts expire after 30 days.
| 🔎 IG Demo Accounts | 🥇 Domestic Demo | 🥇 International Demo |
| 💳 Virtual Funds | R1,000,000 ZAR | £10,000 |
| 📰 News Feeds & Live Updates | Yes | Yes |
| 💻 Compatibility | Windows, iOS, Android | Windows, iOS, Android |
| ☑️ Educational Content | Yes | Yes |
| ✅ Markets | South African | International |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
How to Open an IG Trading Account - A Step-by-Step Guide
[video width="1920" height="1080" mp4="/storage/images/2023/03/How-to-IG.mp4"][/video]
Step 1: Create a Live Account
- Start the application by clicking on the green "Create Live Account" button located on the landing page or throughout the website in the header of the page.
Step 2: Registration Form
- The applicant must start the setup by supplying general information, including a valid email address and country of residence.
Step 3: Complete Personal Information
- The next step will need more personal information to be added, including the applicant's direct contact details and identification number.
Step 4: Address Details
- The applicant must complete their address details to move on to the final steps of the registration process.
Step 5: Financial Information
- The second last step is to complete the Financial details, including the applicant's annual income and employment history.
Step 6: Trading History
- In the final step, Applicants must provide their trading history. Once this step has been completed, the application can be saved and closed.
🏆10 Best Forex Brokers in South Africa
Rank Broker Broker Review Regulators Minimum Deposit Visit Broker 🥇 
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA $100 Visit Now 🥈 
Read Review FSCA, FCA, DFSA, FSA, CMA $0 Visit Now 🥉 
Read Review CySEC, IFSC, DFSA, FCA $5 Visit Now 4 
Read Review ASIC, CySEC, FSA, SCB $0 Visit Now 5 
Read Review FSA, FSCA $250 Visit Now 6 
Read Review FSA, FSC, FSCA, ASIC, CMA $20 Visit Now 7 
Read Review FSC, FSCA $50 Visit Now 8 
Read Review ASIC, CySEC, FSCA, FSA, FSC, CMA $100 Visit Now 9 
Read Review CySEC, MWALI, FSCA $25 Visit Now 10 
Read Review FSA, CySEC, FSCA, FSC $10 Visit Now 
IG At a Glance
| Category | Details |
| Company Information | |
| 🏷️Company Name |  |
| 📍Headquarters Location | London, United Kingdom |
| 📅Year Established | 1974 |
| 👤CEO/Founder | June Felix (CEO) |
| 🌐Global Offices | Offices across Europe, Asia, North America, and Australia |
| 🔖Licensing Body | UK: Financial Conduct Authority (FCA) |
| 👥Group Companies | IG Markets Ltd, IG Index Ltd, Nadex |
| 🏛️Business Model | Brokerage and Financial Services |
| 🌍Operational Languages | English, Spanish, French, German, Italian, Dutch, Japanese, and more |
| 🏆Awards & Recognitions | Various awards for financial innovation and best brokerage |
| Regulation and Security | |
| 🛡️Regulation | Financial Conduct Authority (FCA) in the UK, ASIC, CFTC |
| ✔️Compliance Standards | Strict adherence to FCA rules and guidelines |
| 💼Client Fund Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🕵️♂️Financial Conduct Oversight | Monitored by FCA, ASIC, CFTC |
| 💰Insurance Coverage | Yes, client protection up to £85,000 under the Financial Services Compensation Scheme (FSCS) |
| 📋AML & KYC Policy | Yes, adheres to global Anti-Money Laundering (AML) and Know Your Customer (KYC) standards |
| 🔒Security of Trading Platform | Advanced encryption and multi-factor authentication |
| 🛡️Investor Compensation Fund | Yes, under FSCS for UK clients |
| 🖥️Cybersecurity Measures | Advanced encryption protocols, data security measures |
| Account Types and Features | |
| ⚙️Standard Account | Yes |
| 📊ECN Account | Available |
| 🌙Islamic Account | Yes |
| 🎮Demo Account | Yes |
| 👑VIP Account | Yes, for high-volume traders |
| 💵Minimum Deposit | $0/R0 |
| 💱Base Currencies | GBP, USD, EUR, and other major currencies |
| ⚖️Leverage Options | Up to 200:1 |
| 📈Spreads (Fixed/Variable) | Variable |
| 🔄Swap-Free Accounts | Available for Islamic accounts |
| 🌐Account Currency Conversion | Yes |
| 🚨Margin Call Level | Typically 50-100% |
| ❌Stop-Out Level | Typically 50% |
| 🔄Hedging Allowed | Yes |
| ⚡Scalping Allowed | Yes |
| 🔁Copy Trading Support | Yes |
| 👥Social Trading Features | Yes |
| 💼Managed Accounts | Yes |
| Trading Conditions | |
| 🔍Average Spreads | 0.6 pips (variable) |
| 💲Commissions per Trade | No commissions on most trades |
| 🔢Leverage Range | Up to 200:1 |
| 🚀Execution Speed | Fast, with low latency |
| 📊Order Execution Type | Market and Limit Orders |
| 🔄Slippage Policy | Minimal slippage during high volatility |
| 📏Margin requirements | Varies depending on asset class |
| ⏹️Stop-Loss and Take-Profit Orders | Yes |
| 🔁Trailing Stops | Yes |
| 🕑Pending Orders | Yes |
| 🔽Partial Fills | Yes |
| 🧾Dividend Adjustments | Yes, for stocks |
| 🌙Overnight Swap Fees | Yes |
| 📆Rollover Policy | Automatic rollover for CFDs |
| 🛑Guaranteed Stop Loss | Available |
| Trading Instruments | |
| 💹Forex Currency Pairs | Yes |
| 🪙Precious Metals (Gold/Silver) | Yes |
| 📈Indices | Yes |
| 🌾Commodities | Yes |
| ⛽Energies (Oil/Natural Gas) | Yes |
| ₿Cryptocurrencies | Yes |
| 📉Stocks | Yes |
| 🗂️ETFs | Yes |
| 🏛️Bonds | Yes |
| 📜Futures Contracts | Yes |
| 🛡️Options Contracts | Yes |
| ⚖️CFDs (Contracts for Difference) | Yes |
| 🔣Swap on Trading Board | Yes |
| 🔀Leveraged Instruments | Yes |
| 🎯Micro-Lot Trading | Yes |
| 💸Spread Betting | Yes |
| 🧺Currency Baskets | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Methods | Bank transfers, credit/debit cards, e-wallets |
| 💵Withdrawal Methods | Bank transfers, credit/debit cards, e-wallets |
| ⏱️Processing Time for Deposits | Instant for most methods |
| 🕒Processing Time for Withdrawals | 1-3 business days |
| 🚫Deposit Fees | None |
| 💵Withdrawal Fees | None |
| 🔢Minimum Deposit Amount | $0 |
| 📉Minimum Withdrawal Amount | $150 USD/R2805,63 |
| 🚪Maximum Withdrawal Limit | Varies |
| 💱Supported Currencies | GBP, USD, EUR, JPY, AUD, and more |
| ₿Crypto Deposits & Withdrawals | Yes |
| 🏦Bank Wire Transfers | Yes |
| 💳Credit/Debit Cards | Yes |
| 📲E-Wallets (Skrill, Neteller, etc.) | Yes |
| 🏘️Local Payment Methods | Available in certain regions |
| Trading Platforms and Tools | |
| 💻MetaTrader 4 (MT4) | Yes |
| 👩💻MetaTrader 5 (MT5) | Yes |
| 🖥️Proprietary Platform | Yes |
| 📱Mobile Trading App | Yes |
| 🌐Web-Based Platform | Yes |
| 🤖Trading Bots | Yes |
| 🖧VPS Services | Yes |
| 🔌API Connectivity | Yes |
| 📉Charting Tools | Yes |
| 🧮Custom Indicators | Yes |
| 🧠Market Sentiment Analysis | Yes |
| 📩Trading Signals | Yes |
| 🏷️Advanced Order Types | Yes |
| ⚠️Risk Management Tools | Yes |
| 📅Economic Calendar | Yes |
| 📰Market News Feed | Yes |
| Customer Support | |
| 📞Support Channels | Live chat, email, phone |
| 🗨️Live Chat Availability | Yes |
| 📧Email Support | Yes |
| 📱Phone Support | Yes |
| 🌍Multilingual Support | Yes |
| ❓Help Center/FAQ | Yes |
| 👨💼Dedicated Account Manager | Yes, for VIP clients |
| ⏲️Response Time (Live Chat) | <1 minute |
| 🕒Response Time (Email) | 24-48 hours |
| ⭐Support Rating | 4.7/5 |
| Educational Resources and Support | |
| 🎥Webinars | Yes |
| 🏫Seminars | Yes |
| 📖Trading Tutorials | Yes |
| 📊Market Analysis Reports | Yes |
| 📚E-Books | Yes |
| 🎬Video Library | Yes |
| 📜Glossary | Yes |
| ❔FAQs | Yes |
| 🆕Beginner Guides | Yes |
| 🚀Advanced Trading Strategies | Yes |
| Partnerships and Programs | |
| 📋IB Program | Yes |
| 🪪Affiliate program? | Yes |
| 🏷️White Label Solutions | Yes |
| 🎁Partnership Rewards | Yes |
| 🏛️Institutional Solutions | Yes |
| 🔌API Partnership | Yes |
| 🤝Referral Program | Yes |
| Fees & Charges | |
| 💳Deposit Fees | None |
| 📤Withdrawal Fees | None |
| 💤Inactivity Fee | Yes, after 12 months |
| 🌜Overnight Fees (Swaps) | Yes |
| 💱Conversion Fees | Yes |
| 💰Commission on Trades | None |
| Market Research Tools | |
| 📅Economic Calendar | Yes |
| 📰Market News | Yes |
| 📩Trading Signals | Yes |
| 🔧Technical Analysis Tools | Yes |
| 💭Sentiment Analysis | Yes |
| Additional Features | |
| 👥PAMM/MAM Accounts | Yes |
| 🔗Social Trading Platform | Yes |
| 🏆Trading Competitions | Yes |
| 🎁Loyalty Rewards | Yes |
| 👑Exclusive VIP Perks | Yes |
| Promotions & Bonuses | |
| 🎁Welcome Bonus | Yes |
| 💵Deposit Bonus | Yes |
| 🏅Trading Contests | Yes |
| 🌟Seasonal Promotions | Yes |
| 🎖️Loyalty Programs | Yes |
| User Experience & Reviews | |
| 🖥️User Interface Quality | 4.8/5 |
| 🔒Platform Stability | 4.7/5 |
| 📱Mobile App Reviews | 4.5/5 |
| ⭐Overall User Rating | 4.7/5 |
| 🌟Trustpilot Rating | 4.5/5 |
| 😟Common Complaints | Slow customer support response times |
| Mobile | |
| 📱Mobile App Name | IG Trading |
| 🛠️Developer | IG Group |
| 📅Release Year | 2013 |
| 💻OS Compatibility | iOS, Android |
| 🌐Languages Supported | English, Spanish, German, French, Italian, Japanese, and more |
| 📈Trading Instruments | Forex, CFDs, stocks, commodities, indices, cryptos |
| 🔄Real-Time Data | Yes |
| 🛠️Charting Tools | Yes |
| 📊Order Types Supported | Limit, Market, Stop-Loss, Take-Profit, Trailing Stop |
| 🚀Order Execution Speed | Fast |
| 🔔Custom Alerts | Yes |
| 🤝Beginner-Friendly | Yes |
| 🔐Security Features | Yes |
| 🖥️Synchronization | Yes |
| 💰Deposit and Withdrawal | Yes |
| 📝Account Types Accessible | International account, Corporate account, CFD account |
| 🔄Switch Accounts | Yes |
| 💬In-App Support | Yes |
| 📚Educational Resources | Yes |
| 🎯Watchlist | Yes |
| 🌙Dark Mode | Yes |
| 🌐Social Trading | Yes |
| AI Trading Resources | |
| 🤖AI Integration | Yes |
| 📊Data Analysis | Yes |
| 📈Predictive Analytics | Yes |
| 🛠️Customizable Strategies | Yes |
| 📉Risk Management Tools | Yes |
| 🧑🏫Trading Insights | Yes |
| 🚀Execution Optimization | Yes |
| 🔄Portfolio Rebalancing | Yes |
| 📚AI Tutorials | Yes |
| 🎥Video Demonstrations | Yes |
| 🧑🤝🧑Webinars | Yes |
| 🔍AI-Powered Search | Yes |
| 🌟Beginner-Friendly | Yes |
| 🖥️Platform Availability | Yes |
| 📈Backtesting Capability | Yes |
| 🛠️Strategy Builder | Yes |
| 🔔Alerts and Notifications | Yes |
| 🔒Data Protection | Yes |
| 👁️🗨️Transparency | Yes |
| Social Media Platformst | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| 🎥YouTube | Yes |
| 📝Sign up | 👉 Open Account |
IG Customer Reviews
- IG maintains consistently high customer reviews and ratings due to its steadfast trading platform, wide market offering, and excellent customer support.
- Traders like the interface's usability, advanced tools, and smooth experience with the mobile app.
- The educational resources of IG and risk management features are also highly praised to ensure informed and secure trading.
- Generally speaking, feedback considers IG to be a very solid and professional broker, although the fees are sometimes a bit higher.
| ⭐ Aspect | |
| 💻 Platform Reliability | Customers praise IG for its stable and user-friendly trading platform. |
| 📈 Market Variety | Positive feedback for access to 17,000+ markets, including forex and stocks. |
| 📚 Educational Resources | Users appreciate the quality of tutorials, guides, and market insights. |
| 🛡️ Risk Management Tools | Features like guaranteed stop-loss orders are highly valued by traders. |
| 📱 Mobile App Experience | The seamless and intuitive app design receives strong ratings from users. |
| 💰 Fees and Costs | Some mention slightly higher fees, but most agree they are justified by value. |
| 😊 Customer Support | Excellent service and responsive support earn high marks from traders. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | IG Markets has garnered positive reviews for its comprehensive trading services. | ⭐⭐⭐☆ 3.5/5 |
 | The platform has over 110 reviews, with traders sharing diverse experiences regarding order execution, fees, and customer support. | ⭐⭐⭐⭐ 4.5/5 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Operates under top-tier regulators (FCA, ASIC, CFTC, etc.) | Minimum deposit can be high, especially outside the UK |
| Competitive spreads, especially for major pairs | Charges an inactivity fee after two years of no activity |
| Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platform | Spreads can widen during volatile market conditions |
| Includes Forex, stocks, indices, commodities, and cryptocurrencies | Leverage limits are lower in regions like Europe and Australia due to regulations |
| Extensive library of webinars, tutorials, and market analysis | Cryptocurrency CFD trading is restricted in certain areas (like the UK) |
Conclusion
Overall, IG provides access to National, International, and Corporate account types.
You might also like:
IG ReviewIG Account TypesIG Demo AccountIG Fees, Spreads, and CommissionIG Minimum Deposit IG Sign up BonusSAShares Instagram
Frequently Asked Questions
What account types does IG Group offer?
IG Group offers several account types including standard trading accounts, professional accounts, and limited risk accounts. Each type is designed to suit different experience levels, trading strategies, and regulatory requirements, giving traders flexibility across markets and risk management preferences overall.
What is a standard IG trading account?
A standard IG trading account is designed for retail traders, offering access to a wide range of markets, competitive spreads, and user-friendly platforms. It includes built-in protections such as negative balance protection and is suitable for beginners and intermediate traders.
What is an IG professional account?
An IG professional account is intended for experienced traders who meet specific criteria. It provides higher leverage, reduced regulatory restrictions, and advanced trading features. However, it comes with fewer protections, making it more suitable for traders with strong risk management skills.
What is a limited risk account with IG Group?
A limited risk account ensures that traders cannot lose more than their deposited funds. All trades must include guaranteed stop-loss orders, helping manage downside risk. This account type is ideal for cautious traders who prioritize capital preservation and controlled exposure.
Can beginners open an IG Group account?
Yes, beginners can open a standard IG account easily. The platform provides educational resources, demo accounts, and intuitive tools to help new traders learn. It is designed to support users with little experience while still offering advanced features as they grow.
What is the difference between retail and professional accounts?
Retail accounts offer stronger regulatory protections, including leverage limits and negative balance protection. Professional accounts provide higher leverage and flexibility but remove certain protections. The choice depends on trading experience, financial status, and willingness to accept higher risk exposure.
Does IG Group offer demo accounts for practice?
Yes, IG Group offers demo accounts that allow users to practice trading with virtual funds. These accounts replicate real market conditions and platform functionality, helping traders test strategies and gain confidence before transitioning to a live trading environment.
Are IG Group accounts available globally?
IG Group accounts are available in many countries, but availability depends on local regulations. Some features, leverage limits, and account types may vary by region, ensuring compliance with financial authorities while still offering a consistent trading experience globally.
What platforms can be used with IG accounts?
IG accounts can be accessed through multiple platforms, including web-based trading, mobile apps, and advanced platforms like MetaTrader 4. These platforms offer charting tools, technical indicators, and fast execution, supporting both casual traders and professional-level strategies.
How do I choose the right IG account type?
Choosing the right IG account type depends on your trading experience, risk tolerance, and goals. Beginners typically prefer standard accounts, while experienced traders may qualify for professional accounts. Evaluating features, protections, and leverage options is essential before making a decision.
You Might Also Like
Recommended brokers
