Saturday , 22 July 2017
Home » IG Binary review : test of the binary options broker

IG Binary review : test of the binary options broker

IG is the only binary options broker that is regulated by the FCA. That says it all. The broker celebrated its 40iest birthday this year and it is considered by many as the European leader in the online trading industry with more than 130’000 clients worldwide. IG entered the online trading industry with the offering of retail forex products, extended its offer to CFDs and is now proposing a very complete binary options trading platform. IG is the retail trading arm of IG Group, a £2.7 billion company that is listed on the London Stock Exchange. As such the public…

Review Overview

Design
Offer
Bonus
Reputation
Support

User Rating: 3.45 ( 1 votes)
73

IG is the only binary options broker that is regulated by the FCA. That says it all. The broker celebrated its 40iest birthday this year and it is considered by many as the European leader in the online trading industry with more than 130’000 clients worldwide. IG entered the online trading industry with the offering of retail forex products, extended its offer to CFDs and is now proposing a very complete binary options trading platform. IG is the retail trading arm of IG Group, a £2.7 billion company that is listed on the London Stock Exchange. As such the public company is a lot more transparent and secured than newer retail binary options brokers that are only regulated in Cyprus. The reputation of IG speaks for itself; the company was awarded countless rewards and offers the most stable trading platforms (IG has the biggest innovation budget among online brokers).

Visit IG Binary

A fully regulated broker by the FCA

Owing to the 40 year pedigree that IG Markets carries with it, it is not having the same regulatory issues that many of the recent binary options pure players are currently experiencing. IG is an official member of the London Stock Exchange, meaning that the company is regulated by UK’s FCA (Financial Conduct Authority). The company is also an official member of the FTSE250 Index which is a capitalization-weighted index of the 250 most highly capitalized companies, outside of the FTSE 100 (the UK equity market benchmark). The binary options branch of IG is regulated by the UKGC (United Kingdom Gambling Commission), reference number 2628 as it is the regulatory norm for these products in the UK.

ig-binary-review-test-broker

IG is by far the most regulated and safe binary options broker in Europe, regulated by the FCA and authorized by almost all the domestic financial regulator worldwide (SEC in the United States, AMF in France, BaFin in Germany, Consob in Italy, FINMA in Switzerland, ASIC in Australia…)

IG Group Regulation – official licenses

IG Markets Limited FCA licence IG Index Limited FCA licence IG Index UKGC licence
click here click here click here

IG owns the biggest US binary option exchange – Nadex

While IG only recently joined the European binary options trading industry, the broker has an extensive knowledge of the product. IG group is the holding company of the Nadex, which is the first  US regulated derivatives exchange were US residents are allowed to trade binary options. The Nadex has experienced a tremendous growth over the last years and has successfully trun binary options trading into a fully transparent and safe investment activity in the United States after the financial regulators SEC banned all the OTC binary options brokers in 2007.

An extended list of underlying assets and binary option types

IG proposes two classes of binary options, IG binaries which include all option types with a maturity from 5 minutes to one month on an extended list of assets and Sprint markets which is focused on short term binary options (60 seconds to one hour). The trading conditions of both classes are different (for example, there is no early closure functionality with Sprint markets).

Available Binary Option Types – IG binary

Ladder Up/Down One Touch Target Hi-Lo Tunnel 60 Sec

Thanks to its uncontested techonogical advance, IG is able to propose as much option types as 24option (which is the CySEC regulated broker that proposes the greatest number of option types). Nevertheless, IG’s binary options operatea little differently than the one proposed by most pure players. The options operate more like the one that are listed on the Nadex in the United States and are comparable to the binary 0-100 proposed by AnyOption. It might take some time to adapt but once you get the trick, it turns out to be as simple as traditional binary options. IG’s types of options even allow higher returns and more advanced trading strategies.

ig-binary-bitcoin-sprint-options

Available assets – IG binary

Forex Pairs Equities Indices Commodities Bitcoin Eco Data Commodities
10 55 20 3 3

Thanks to its underlying CFD and forex business, IG is able to offer one of the most complete asset portfolio for binary options trading. One interesting feature proposed by IG is that you can speculate directly on economic data. The US jobless claims and US non-Farm Payrolls are the two most followed macro indicators in the US. You can speculate and on this number and buy a binary option that will generate a profit if the actual is above (rwespectively below) your chosen level.

Visit IG Binary

Best in Class trading conditions

IG offers very competitive trading conditions. With a minimum deposit of $100 and the opportunity to open a demo account, IG is the most affordable broker in Europe. Depending on your deposit, the broker will provide you with an access to an extensive list of tools, services and functionalities. For beginners, IG proposes the best educational package for a comprehensive introduction to financial markets (ebooks, interactive videos, webinars, market analyses, financial news comments…). For the most advanced traders, IG will provide you with the most advanced trading tool on the market (ProRealTime for technical analysis charting, MetaTrader for advance forex trading, mobile applications…)

Trading conditions – IG binary

Minimum deposit Minimum Trade size Demo account Mobile trading Education package
$100 $20

IG proposes an advanced binary options trading platform that inherited from all the tools and design advantages of the CFD platform. You will be able to display live technical indicator and trade directly from the graph without having to navigate through different windows (which can turn out to be quite annoying with other brokers).

A really good Binary Options provider

While it may be a little more difficult to adapt to the slightly different style of binary options provided by IG binary, it will grant you all the benefits of an FCA and UKGC regulated broker proposing the largest portfolio of financial instruments in Europe (CFDs, bitcoin, forex…). You will be able to trade with the leading European online broker on multiple binary option types across all the asset classes (forex, indices, commodities and equities) while benefiting from  the reliability and safety of a respected and listed holding company member of the FTSE 100. IG offers no binary options welcome bonus and we actually believes this is an advantage. The leader in Europe doesn’t need bonuses to attract inexperienced traders and prefers to invest in the development of its platform and services. Moreover, most binary options bonuses are subject to strict withdrawal conditions that are often difficult to meet and can backfire on your trading account.

Visit IG Binary

ig-binary-trading-platform

ig-binary-mobile-application

2 comments

  1. hello, I am from Nigeria, can open an account with ig market/. i went to download their app on google play but it says i could not get the app because it doesn’t serve my region yet, please help asap and i will open an account using your link . ashaf

    • Hi Ashaf,

      Unfortunately, IG is not offering its services in Nigeria. Moreover, please not that you can only activate the google/ios app once you have duly open an account through the desktop version. We will contact IG officials to know if they plan to open their services to Nigerian customers anytime soon.

      Regards,
      Vivien

Leave a Reply

Your email address will not be published. Required fields are marked *

*