Thread: IG Experiences?

Hi,
I wish to get expertise from traders around IG for ECN acoounts!! What about withdraws for amounts that are large, is there some problem ?
Executions, spreads widening or canceling pending orders and platform freezing while large events (NFP)?

Can they provide trade signs for intraday?

Due

Never used them myself but going by this connection they are down the bottom of the main brokers in terms of ratings. If I'm not mistaken all brokers will have wider spreads around big news events such as NFP so good fortune in finding a broker that doesn't.


http://www.forexpeacearmy.com/public....igmarkets.com

I had a demo account with IG a while back and decided to provide the binarys a go, mainly the 'one touch' monthlys, so naturally I left some demo bets, only to find out they where pointless due to the demo account just lasting 14 days. Such is life.

I also have done for around 8 years without any problems and utilize IG in UK. Sure things go wrong around news releases as Mitch stated above.

IG do not have authentic ecn accounts. They're a market maker and all their goods market is made by them. They have a thing they call d.m.a (direct market access) however, these instruments are actually anything but direct to market orders. I.G does put an order in the underlying market and creates a cfd to market to you. The fee they charge instead of spread markers up is exorbitant, around double the commission cost to trade with most ecn brokers. I really don't know how they get a single trader to market this crap merchandise to. As a market maker, I have no problem with good regulated them and aggressive broker. I made money on their platform and had no problems. I wanted to trade there d.m.a Currency Market therefore that I was quite disappointed about exactly what it was that they were actually supplying

Originally Posted by ;

IG don't have true ecn accounts. They're a market maker and all their products market is made by them. They have a thing they call d.m.a (direct market access) but, these instruments are in reality anything but direct to market orders. I.G does place an order in the underlying market and produces a cfd to market to you. Up is exorbitant, around twice the commission cost to trade with many ecn brokers. I don't understand how they get one trader to market this crap product to. As a market maker, I have no...

http://m.a.c.doug I was also thinking to start an account at IG prior to your remark. Which broker do you use right now? Any suggestions for Ecn brokers?

Originally Posted by ;

quote http://m.a.c.doug I was also thinking to open an account in IG before your comment. Which broker do you use at the moment? Any suggestions for true Ecn brokers?

I wish I knew. Ive been searching for at least a year. I want the tight ecn spreads and the no conflict of interest but its hard to find one in which the trading prices after commission are less than that of fixed spread market manufacturers like IG. Im in Australia and now I've narrowed it down to FXopen au and I.C markets for value but I don't really trust either of them so I keep searching. I thought I had found a excellent cheap broker in interactive brokers cause there commission construction was so cheap but then I downloaded a demonion and the spreads are virtually repaired at a complete pip to get EUR/USD. Other brokers are charging $7.00 per lot round turn that is not competitive with even I.G markets changeable spread that sits at 0.8 during liquid times.

If You're not buying 10 pips per transaction like me, then the commission and spread Might Not Be as important.Here is a Fantastic list of all ecn brokers http://www.100forexbrokers.com/stp-ecn-brokers

Good luck

Originally Posted by ;

quote I wish I knew. Ive been looking for more than a year. I want the ecn spreads and also the no conflict of interest but its difficult to find one where the trading prices after commission are less than that of fixed spread market makers like IG. Im in Australia and now I've narrowed it down to FXopen au and I.C markets for value but I do not really expect either of these so I continue looking. I believed I'd finally found a really good cheap broker in interactive brokers cause there commission construction was really cheap but then I downloaded a demonion and...

Actually my active authentic ECN account is at Pepperstone (Australia) however I can't trade indexes there, I could recommend Pepperstone , I had no Issue with them

Originally Posted by ;

quote I wish I knew. Ive been looking for more than a year. I want the tight ecn spreads and also also the no conflict of interest but its hard to find one in which the trading costs after commission are less than that of fixed spread market manufacturers like IG. Im in Australia and I have narrowed it down to FXopen au and I.C markets for value but I don't really expect either of them so I continue looking. I believed I'd finally found a excellent cheap broker in interactive brokers cause there commission construction was really cheap but I downloaded a demonion and...

I haven't attempted fxopen, currently I'm with IC Markets so far they've been good. I have experienced drop out but server capacity has improved within a week of it happening. I have applied prior to their cut and received the money the following day for bank account withdrawals and around three times for credit card refund. If your in Oz stay local negating o/s withdrawal charges, $7 per round trip is pretty regular, I believe you an get a discount with IC to $6 if your trading volume permits but honestly one pip in your path will cover the fee /- spread. Scalping ai not my match though...

Originally Posted by ;

quote I have not attempted fxopen, currently I am with IC Markets and so far they've been good....

Thanks for sharing your experience. This really helps me. Ive had the funds ready for 6 months but only have not managed to take the jump and fund an account. It seems as though that I checked out 50 brokers, 3 times over! IC were front runner but only because they did offer me a discount commission. Add that to your recommendation and I am pleased to go ahead.

When I vow that the account just like I have done many times, its gon nana be all your fault