Works pretty well
Works pretty well along with having $0 US trades and $5 Australian trades. The app is not the most flashy, but is mostly reliable and nails all the basics. Support takes a few days to get back to you via email, however, there is a phone number that you can call for more urgent requests.
I had my money back from IG palttform down!!!!!!
IG have a lots of charges, service is very poor, call center took 1 hour to call though, all these are ok with me. I am a good man. But my experience is horrible
I was long US SP500 Indice 100 dollars/ pts on arround 11pm-12pm Thursday night 21st of MAY, then the platform down, I can not close my position, i can not even log in to my account. I was try to call IG service, but obviously i can not call though. I keep trying to login my account, and after 40-45mins, I fanally login to my account. My position was automatically clos...ed by guaranteed stop, so I end up with 1000 dollars ( I set up 10 pts lost guarantee stop) plus 40 dollars guarantee stop surcharge ( you must choose guarantee stop before open your position).
No problems with as share trader
Ive had no problems. Ive traded, deposit and withdraw fee free. I trade more than once a month, so no account fees. Service on phone good. Tax statements free too.
Questions & Answers
show me a good broker in Australia,Thanks,
What platforms are people using to open share accounts? I'm planning on buying and holding so want no hidden / subscription / dormant fees.
Coming from the UK I used hargreaves and landsown - it's great.
In Australia all the fee's (brokerage) seem very high, lots of hidden fees.
I want access to all overseas markets (mainly US and UK).
who pays the broker his fees for handling my account if i join
I'm not sure I really understand your question, as the answer seems obvious, so are you being sarcastic?
I actually don't regard IG as a stock broker in the traditional sense. They are for people who ACTIVELY TRADE.
Now I don't trade share CFDs, so cannot comment on that aspect of their business, but as people have pointed out here they seem to charge $50 if you don't trade at least 3 times. Hardly a big deal in my opinion.
If you trade Forex and other non-share CFDs then there are no fees to my understanding. No commissions (on their regular account anyway). Only spreads. So the more you trade, the more times you pay the spread, and the more times IG generates revenue for themselves.
So if you are an investor into shares, I would probably suggest you look to join a regular broker. In the end its all about TOTAL costs.
Hope this helps.
YOU Arthur, or more exactly the owner of the account.
no i wasnt being sarcastic it was a genuine inquiry as i have never been involved in this type of thing before thanks anyway regards arthur
Get an answer from our members and IG representatives
Other Forex & Share Trading Platforms
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.