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IG Markets Singapore

IG Markets is a well-known online broker that provides trading services for a wide range of financial instruments. With its global presence and reputation, IG Markets Singapore has become a popular choice for traders who want to invest in the financial markets.


Overall Rating

77.85%

Trading Platforms
81.5%
good
Education and Research
74.7%
could be better
Customer Service
72.4%
not bad
Fees and Charges
82.8%
good

In this review, we will take a closer look at IG Markets Singapore and explore its features, services, and trading platforms.

The Best Fx Brokers in Singapore

IG Markets Singapore Background

IG Markets Singapore is a subsidiary of IG Group, a global financial services provider that was founded in 1974. The company is based in London and has operations in more than 16 countries, including Singapore. IG Markets Singapore was established in 2003 and is regulated by the Monetary Authority of Singapore (MAS).

IG Singapore

IG Markets Singapore offers a range of financial products and services, including contracts for difference (CFDs), forex, stocks, indices, commodities, and cryptocurrencies. The company prides itself on offering competitive pricing, reliable execution, and excellent customer service.

IG Markets Singapore Features and Services

IG Markets Singapore offers a variety of features and services to meet the needs of traders of all levels. Some of the key features of IG Markets Singapore include:

Trading Platforms

IG Markets Singapore offers several trading platforms, including the popular MetaTrader 4 (MT4) and its proprietary platform, the IG Trading platform. The IG Trading platform is web-based and can be accessed from any device with an internet connection. It is user-friendly, customizable, and offers advanced charting tools and technical analysis indicators.

The MT4 platform is widely used by traders around the world and is known for its powerful charting capabilities, automated trading options, and expert advisors. Both platforms offer access to a wide range of financial instruments and provide real-time pricing and execution.

Mobile Trading

IG Markets Singapore offers a mobile trading app for iOS and Android devices. The app provides access to the same trading platforms and features as the desktop version, allowing traders to manage their positions and portfolios on the go. The app also offers push notifications, price alerts, and custom watchlists.

Education and Research

IG Markets Singapore provides a range of educational resources to help traders improve their skills and knowledge. The company offers webinars, video tutorials, trading guides, and an online trading academy. Traders can also access daily market analysis and commentary, as well as real-time news and data feeds.

Customer Service

IG Markets Singapore has a dedicated customer support team that is available 24/5 via phone, email, and live chat. The team is knowledgeable, responsive, and provides timely assistance to traders who have questions or issues.

IG Markets Singapore Fees and Charges

IG Markets Singapore charges a range of fees and commissions, depending on the financial instrument and the trading platform used. Here are some of the key fees and charges:

CFDs

IG Markets Singapore charges a spread on all CFD trades. The spread is the difference between the bid and ask price and varies depending on the financial instrument and market conditions. The company also charges overnight funding fees on positions held overnight.

Forex

IG Markets Singapore charges a spread on all forex trades. The spread is the difference between the bid and ask price and varies depending on the currency pair and market conditions. The company also charges overnight funding fees on positions held overnight.

Stocks

IG Markets Singapore charges a commission on all share CFD trades. The commission is calculated as a percentage of the trade value and varies depending on the market and the size of the trade.

Indices

IG Markets Singapore charges a spread on all index CFD trades. The spread is the difference between the bid and ask price and varies depending on the index and market conditions. The company also charges overnight funding fees on positions held overnight.

Commodities

IG Markets Singapore charges a spread on all commodity CFD trades. The spread is the difference between the bid and ask price and varies depending

on the commodity and market conditions. The company also charges overnight funding fees on positions held overnight.

Cryptocurrencies

IG Markets Singapore charges a spread on all cryptocurrency CFD trades. The spread is the difference between the bid and ask price and varies depending on the cryptocurrency and market conditions. The company also charges overnight funding fees on positions held overnight.

IG Markets Singapore also charges a small fee for inactive accounts. If an account has been inactive for two years or more, the company will charge a fee of SGD 50 per quarter until the account is closed or reactivated.

IG Markets Singapore Review: Pros and Cons

IG Markets Singapore has several advantages that make it a popular choice for traders. Here are some of the pros of using IG Markets Singapore:

Pros

  • Regulated by the Monetary Authority of Singapore (MAS)
  • Wide range of financial instruments and trading platforms
  • Competitive pricing and reliable execution
  • Excellent customer service
  • Educational resources and research tools
  • User-friendly mobile trading app

However, there are also some potential drawbacks to using IG Markets Singapore. Here are some of the cons:

Cons

  • High fees and commissions compared to some other brokers
  • Limited payment options for deposits and withdrawals
  • Limited customer support hours on weekends
  • No fixed spreads on CFD trades

Overall, IG Markets Singapore is a reputable broker that offers a range of financial products and services to traders in Singapore. Its robust trading platforms, educational resources, and reliable execution make it a popular choice for traders of all levels. However, traders should carefully consider the fees and charges before opening an account with IG Markets Singapore and compare them with other brokers to ensure that they are getting the best value for their money.

Conclusion

In conclusion, IG Markets Singapore is a well-established broker that offers a range of financial products and services to traders in Singapore. Its range of trading platforms, educational resources, and reliable execution make it a popular choice for traders of all levels. While there are some potential drawbacks, such as high fees and limited payment options, overall, IG Markets Singapore is a reputable broker that provides excellent customer service and competitive pricing. If you are looking for a reliable and trustworthy broker in Singapore, IG Markets Singapore is definitely worth considering.

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