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IG Index

IG Index is a large broker that trades with a number of different types of financial instruments. Not just binary options. The main focus of the company is on CFDs (contract for difference). The company was formed in 1974 and is one of the largest finance companies in the UK. The company is part of the FTSE 250. A index of the 250 biggest companies in the UK.

The selection of binary options that you can trade with using IG Index is very limited. They only offer a very low number of different options and they are mainly based on different stock index. They offer a low number of different binary options based on currencies and commodities but they do not offer any options based on individual stocks.

IG Index is very popular among brokers due to their very high payout of 96% and due to the fact that you can close your positions at any time.

Short facts about IG Index

Owner IG Markets Ltd
License Financial Conduct Authority (FCA) and by the UK Gambling Commission
Languages IG is available in a large number of different languages.
Mobile trading Yes

Trading platform

IG Index use a platform they have developed themselves. It contains sections for trade with a number of different types of financial instruments including binary options. The platform is easy to use and make it a breeze to trade with binary options.

The platform works good om most computers. They also offer a good mobile platform, that allow you to trade directly in your mobile.

Binary options can be sold at any moment and the platform will give you the currently value of them at all times. The value of the binary option is updated several times a second. Read more about the rules for closing a position early while trading with IG index.

Trading accounts

IG Index offer two different types of accounts that you can register for. A demo account that give you the chance to trade with play money and a standard account to which you can deposit real money to trade with.

They also offer two other types of accounts. These accounts are not open to every one but is reserved for traders that meet the requirements. These two accounts types are devoted to very active traders and traders with a high turnover. You are usually not promoted automatically. You have to apply to get your account promoted once you fulfill the requirements. These accounts are associated with a number of different perks.

Binary option trading

Binary options is not the main focus of IG Index and they offer a number of other financial instruments as well. The section for binary options is only a small section of the platform.

It is easy to trade with the binary options that they do offer. The information on the screen is shown in real time and updated several times a second. This means that it is very important to make sure that you  check the rates used at the exact time you click the buy button. If you do not you might find that you bought a binary option at another rate than what you indented.

The binary options section is well known for its high payout of 96%.

IG Index offer a number of different types of binary options. The maturity can be as short as 2 minutes and as long as one month (or more).

Underlying instruments

IG Index only offer a small selection of binary options. The main focus off the options are stock indexes but they do also offer a limited amount of commodity and currency based binary options.

They  offer binary options based on other things than financial instruments such as the US jobless claim and US Non-farm Payrolls.

Commodities

You can find a small selection binary options based on the most traded commodities such as Gold, Silver and Oil.

Index

Indexes are the main focus off the binary options that you can trade with at IG Index . You can trade with more than 20 different index including the most popular ones such as the NASDAQ and Dow Jones.

Currencies

They offer a small selection of binary options based on currency pairs. The number of pairs that you can trade on is limited but you can find all the most popular pairs such as EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY and GBP/USD.

Company shares

IG Index does not offer binary options based on individual share.

Bonuses and other perks

IG Index does not offer any bonus.

Customer service

They offer a very good customer service that can be reached 24 hours a day during Sunday to Friday. During Saturdays the customer service is open 9am to 5pm.

You can contact the support by calling 0800 409 6789 or sending an email to helpdesk.uk@ig.com

Deposits and withdrawals

It is easy to deposit and withdraw money. There is a fee to use some of the banking alternatives.

Owner ship, licensing, etc

IG Index is owned and operated by IG Markets Ltd. IG Markets Ltd operates a number of different subsidiaries in different countries. They are licensed by Financial Conduct Authority (FCA), by the UK Gambling Commission as well as by a number of local agencies in local markets.

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