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IG Markets Crypto Review 2024

IG Markets
4.7

IG Markets is one of the leading global crypto CFD brokers, headquartered in the UK and founded in 1974. It allows you to trade 11 major cryptocurrencies, two crypto crosses and a crypto index via CFDs and speculate on both rising and falling markets. The broker offers trading charts, signals and alerts and a range of educational resources to help both novices and experts trade cryptos in a secure environment.

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Pros & Cons

  • Pros
  • Zero commission on crypto trading
  • Tight spreads
  • Extensive suite of alerts and other tools
  • Round-the-clock customer support
  • Cons
  • Social (copy) trading is not offered through the web-based interface

IG Markets Overview

IG Markets is the world’s largest CFD broker by revenue. You can trade cryptos on its award-winning platform, which has both web and mobile app interfaces. The company has won several awards and offers favorable trading conditions.

IG Markets is a reputed and regulated broker that comes with decades of experience. There are far more pros than cons and IG offers lower-than-average fees for crypto CFD trading.

  • Overall
    4.5
  • Fees
    4.0
  • Deposit and withdrawal
    4.0
  • Asset selection
    4.5
  • Ease of account opening
    4.0
  • Regulation and security
    5.0
General info
Headquarters UK
Website https://www.ig.com/
Website Languages English, Spanish, Chinese, 11+
Regulated check
Country of Regulation UK, Cyprus, Germany, Switzerland, Dubai, South Africa, Singapore, Japan, Australia, New Zealand, US, Bermuda
Regulation Type FCA / CySEC / ASIC / CFTC / FMA / FSCA / MAS
Account Base Currencies EUR / USD / AUD / GBP / HKD / SGD
Staking and Rewards uncheck
Minimum Deposit $250
Deposit Fee 0.50% – 1.00% Credit/debit cards only info
Deposit Types Bank wire / Credit Card / PayPal
Minimum Withdrawal $150
Withdrawal Fees $0
Crypto-to-Crypto Trading Pairs check
Cryptocurrencies as CFDs check
Islamic Account uncheck
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat / Phone
Customer Support Languages English
Support Days & Hours 24/5
Automated Trading check
Social Trading uncheck
Copy Trading check

Company Background

Founded in 1974 in the UK, IG Group is listed on the FTSE250 and is among the largest brokers in the world. It is regulated by multiple financial authorities and serves clients from across the globe. It allows you to trade 17,000+ instruments via CFDs, including cryptos, stocks, indices, forex, commodities, bonds, and ETFs.

IG Markets currently serves 313,000+ clients worldwide, across 18,000+ markets and has sales offices in 17 nations across 5 continents. This crypto broker has won several awards, including Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader, awarded at the ADVFN International Financial Awards 2022.

Unique Features

IG Markets offers lightning-fast execution of orders, with close to no slippage. It is a reliable broker for trading crypto CFDs and offers high transparency.  The broker has 2 low-cost trading accounts and one of them offers direct market access.

Apart from major cryptocurrencies and crypto crosses, you can trade a crypto index, which tracks the price of the top 10 cryptocurrencies by market cap. This is a good way to diversify your portfolio with the lowest exposure. I love their platform, which offers an extensive wide range of charts and tools that can be personalised to a great extent. You can apply up to 4 timeframes on a single chart, which makes it very easy to analyse your performance. Additional charting tools, including ProRealTime and Autochartist, can be easily integrated.

You can view live cryptocurrency prices and the latest crypto news from the IG Markets website. Their platform provides price alerts, analysis from their in-house experts and up-to-date news. Their customer support is also excellent, with quick query resolution.

What is IG Markets Crypto?

With IG Markets, you can trade 2 crypto crosses, 11 of the most popular cryptocurrencies and a crypto index. You can get exposure to price movements in Bitcoin, Ethereum, Litecoin, Cardano and more without needing to create and manage a wallet or the hassle and risk of storing cryptos. IG Markets provides a host of tools and powerful charts, which can be customised to suit every skill level.

Crypto Supported CFD Contracts

Being an experienced and trustworthy crypto broker, IG Markets owns some physical cryptocurrency. It offers exposure of up to £100,000 per client for crypto CFD trading. 

Here are the crypto CFDs you can trade with IG Markets:

Bitcoin, Ether, Bitcoin Cash, Cardano, Litecoin, EOS, Stellar, Polkadot, Dogecoin, Uniswap, Chainlink.

Here are the two crypto crosses that you can trade via CFDs with IG Markets:

  • Bitcoin Cash / Bitcoin
  • Bitcoin/ Ether

You can also trade this crypto index:

  • Crypto 10 Index

IG Markets Crypto Fees

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees 0.50% – 1.00%
E-wallets Deposit Fees $0
Bank transfer Deposit Fees $0
Withdrawal Fee $0
Credit/Debit card Withdrawl Fees $0
E-wallets Withdrawl Fees $0
Bank transfer Withdrawl Fees $0
Inactivity Fees check
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage 1:10
Minimum Spread 85.0

Trading Fees

IG Markets does not charge any commission for crypto CFDs trading. The currency conversion fee is only 0.5%.  IG Markets also does not levy any deposit or withdrawal fees, except for what your bank may charge. 

IG Markets Crypto Spread

Here are the minimum spreads for different crypto assets:

  • Crypto 10 Index: 38
  • Bitcoin: 36
  • Ether: 1.2
  • Bitcoin Cash: 2
  • Litecoin: 0.4
  • Cardano: 1.4
  • Polkadot: 29.3
  • Dogecoin: 0.17
  • Chainlink: 20
  • Uniswap: 16
  • EOS: 4
  • Stellar: 0.2
  • Ether/Bitcoin: 3
  • Bitcoin Cash/ Bitcoin: 6

Crypto CFD Overnight Fee

At the time of writing, the daily overnight fees were 0.0417% for the Crypto 10 Index, 0.0347% (12.5% p.a.) for Bitcoin and 0.0556% (20% p.a.) for all other cryptocurrencies.

Crypto CFD Inactivity Fee

If your account is inactive for 24 consecutive months, IG Markets levies a rolling monthly charge of $18.

Leverage Fees

There are no leverage fees. However, there is a margin requirement of at least 10% for trading cryptos.

IG Markets Deposit Methods

To deposit funds in your IG Markets account, log in to My IG and tap on “add funds”.

You can deposit funds in the chosen account with debit card, credit card, bank transfer, HKD FPS (only for Hong Kong bank accounts) or PayPal. You can have up to five cards listed on your account, provided they are in your name and registered to the address with which you have opened your IG account.

Deposit & Withdrawal

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire check $250 $150
Credit Card check $250 $150
PayPal check $250 $150
Skrill uncheck
Neteller uncheck
FastPay uncheck
UnionPay uncheck
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments uncheck
Przelewy 24 uncheck
Payoneer uncheck
Rapid Transfer uncheck
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US Crypto Investors

IG Markets does not offer crypto trading in the US. If you live in the US and wish to trade crypto CFDs, you can try tastyworks’ affiliate, tastytrade. In 2021, IG Markets entered a $1 billion landmark partnership with US-based tastytrade.

IG Markets Supported Cryptocurrency

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
EthereumETHEthereum
CardanoADACardano
ChainlinkLINKChainlink
DogecoinDOGEDogecoin
EOSEOSEOS
LitecoinLTCLitecoin
PolkadotDOTPolkadot
StellarXLMStellar
UniswapUNIUniswap

IG Markets Trading Platforms

PlatformSupported
Proprietary Platform check
MetaTrader 4 (MT4) check
MetaTrader 5 (MT5) uncheck
cTrader uncheck
DupliTrade uncheck
ZuluTrade uncheck

Mobile Support

The mobile app offered by IG Markets can be downloaded on Android (from Google Play) or iPhone (from App Store) devices. It is thoroughly tested and allows seamless trading. However, if you face any issues, you can log out of the app and log back in. Also, ensure that you are using 4G data or a strong wi-fi connection that has good download speeds.

If you have any queries about their services or products or need help to open an account, contact IG at:

Phone: +44 (20) 7633 5430

Email: [email protected]

If you’re already a customer, you can contact on:

Phone: +44 (20) 7633 5431

Opening an IG Markets Account

You can open an IG Markets account by following these 3 easy steps:

  • Step 1: Create your login: Enter your name, email ID, chosen username and password.
  • Step 2: Fill out a simple form: Answer a few questions about your trading experience on the application form.
  • Step 3: Get verification: A couple of days is usually needed to verify your identity.
  • Step 4: Fund and start trading: Deposit funds in your account and start your trading journey. You can also practice trading by opening a demo account.

Is My Crypto Safe with IG Markets?

IG Markets is a licensed and regulated crypto broker. It has been around for decades and maintains complete transparency. Also, when you trade crypto CFDs, you don’t buy and own actual cryptocurrencies. So, there is no need to create a crypto wallet and no risk of this being hacked and your cryptocurrencies stolen.

IG Markets is regulated by 17 authorities. This crypto broker follows industry best practices to keep your money safe. It has segregated client accounts and offers negative balance protection.

IG has two-factor security authentication for access to your account. They use 256-bit SSL (Secure Sockets Layer) encryption, which is the industry standard used by major banking institutions.

IG Regulation & Security

IG Group is publicly listed on the London Stock Exchange and is part of the FTSE 250 index. IG Markets is regulated by 17 national authorities, including UK’s Financial Conduct Authority (FCA). IG International Ltd is regulated and licensed by the Bermuda Monetary Authority under Registration Number 54814.

Country of the RegulatorName of the RegulatorLicence Number
AustraliaAUSTRAC – Australian Transaction Reports and Analysis Centre220440
BermudaBMA – Bermuda Monetary Authority54814
New ZealandFMA – Financial Markets Authority18923
SwedenFinansinspektionen – Swedish Financial Supervisory Authority516405-3430
FranceAMF – Autorité des marchés financiers18343
ItalyOAM – Organismo Agenti e Mediatori06233800967
SpainCNMV – Comisión Nacional del Mercado de Valores37
GermanyBaFin – Bundesanstalt für Finanzdienstleistungsaufsicht121333
BermudaBMA – Bermuda Monetary Authority54814
South AfricaFSCA – Financial Sector Conduct AuthorityFSP No 41393
United Kingdom (UK)FCA – Financial Conduct Authority04008957
SwitzerlandFINMA – Swiss Financial Market Supervisory AuthorityCH-660-3073013-1
SingaporeMAS – Monetary Authority of SingaporeCMS100049-5 , IGA/CBL/2015
JapanJFSA – Japanese Financial Services Authority255
IrelandCBI – Central Bank of IrelandC109565
AustraliaASIC – Australian Securities & Investment Commission220440

Customer Service

Customer Support
Days Monday to Friday
Hours 09:00 – 17:00
Live Chat check
Email check
Phone check
Supported Languages English
How fast was customer support when we tried? Normal

Why Should I Use IG Markets?

IG Markets is a highly reputed and regulated crypto broker. It is FTSE 250-listed and has 45+ years of experience. You can take advantage of ultra-fast order execution and tight spreads with this award-winning crypto broker. They not only offer CFD trading on the most popular cryptocurrencies, but also on crypto crosses and a crypto index. Their platform is feature rich, with many options to customise the interface. While there are powerful tools and indicators to conduct extensive analysis, they also offer signals, alerts and market analysis conducted by their own team of experts.

Conclusion

In my Daily-crypto.com assessment, I concluded that IG Markets is a highly experienced and reputed crypto broker. I recommend them for crypto traders at any skill level or for those trading with a lower budget. They have won several awards and their platform is stable, secure, and loaded with all the tools you’ll need. IG Markets has extensive educational resources for beginners, intermediate, advanced, and expert traders. They offer 24-hour customer support on weekdays and follow the best industry standards to protect traders.

FAQ

  • Is IG trading regulated?
    Yes, is regulated by 17 national authorities, including the FCA, ASIC, FSCA and FMA.
  • Is IG a trustworthy broker?
    Yes, IG has more regulatory licenses than any other online crypto broker. It also has decades of experience and an enviable reputation among traders of all skill levels.
  • Is IG good for crypto trading?
    Yes, you can trade 11 major cryptocurrencies, 1 crypto index and 2 crypto crosses with IG Markets.
  • Is my money safe with IG?
    Yes, IG keeps client funds safe in separate accounts from those in which they hold their money. For the platform, they follow two-factor security authentication and use 256-bit SSL encryption, which is used by the world’s leading banks to protect financial transactions.
  • Is IG trading good for beginners?
    Yes, IG offers user-friendly trading platforms on both mobile phones and desktops. They have extensive educational resources for beginners and provide excellent customer support.
  • How much does IG charge per trade?
    IG does not charge a commission on trades just spread. This may differ across cryptos. It’s best to check their website for your region to find out more about fees.
  • What is the minimum amount to open an IG account?
    There is no minimum deposit requirement to open an IG account. You can open with any sum and can fund your account with any amount to begin live trading.
  • Do you own the crypto you buy with IG Markets?
    No, you don’t own the cryptos because IG Markets offers CFD trading only.
  • Can you exchange crypto at IG Markets?
    No, you cannot exchange, buy, or sell, cryptos on IG Markets because they offer CFD trading only.
author
About Niki Nikolaou
With 25+ years of financial marketing experience, Niki has an extensive knowledge of the forex, fintech, stocks and cryptocurrency sectors. Niki is a founder and director at the Contentworks agency.