The initial registration only takes five minutes and involves mailing your personal documents on IG such as your passport, two government issued photo IDs and one government issued photo ID and one utility bill or bank statement.
The trading fees are high on IG, especially if you are interested in trading with lower amounts. Also, the limited product portfolio offers only CFD trading and does not provide negative balance protection which is an important security feature when trading with leveraged products.
The clients at IG.com are mostly coming from the European countries but also include users from Singapore, Japan, USA, South Africa and United Arab Emirates. The binary bets are regulated by the Gambling Commission (and not the FCA). So, if you decide to use this product you won’t be protected by the financial protection scheme.
You can choose from three options for funding your account – bank transfer, credit/debit cards and PayPal, which makes IG.com one of the most convenient cryptocurrency brokers nowadays. Same goes for withdrawal options where PayPal is excluded.