IG Markets | IGMarketscom reviews and ratings by Forex Peace Army


  • FAQ |




Overall Rating:


Get code for your site

Total Reviews:


Last Updated:


Special Notes:

Other websites of this company: IGFOREX.COM


2011-05-15 NOTE:  The FPA has heard from a couple of sources that IG is ceasing its operations in the USA.

Click here to join live discussion of Igmarkets.com on our forum

Request Image Update


Is This Your Site





Open – 0 |
Not Guilty – 0 |
Guilty – 0



FPA Review Moderation Team, USA


No Rating

Date of Post:2006-02-11


We do not have any experience with this broker. If you have used them, please kindly submit your review above.

Anwaar , Melbourne, Australia


Date of Post:2015-04-03


I have been trading for more than a year with IG markets.No doubt they are very quick when it comes to deposit and withdraw money as compared with others and low spread as well.

But Now I caught them by ripping me off.Before this I was losing money as I was not experienced trader so when I started to make some money ,now what they do with me is they do not trigger my buy stop and sell stop orders but they execute orders that I never place.They did twice with me; first time i thought i might be wrong but second time I caught them with red handed and I can show my transaction history to those who do not believe me.They do it on the release of news especially on Non-farm Payroll.
I wish there could be no star for this bloody Thug company.
Please stay away from them.

Yadi, Sydney, Australia


No Rating

Date of Post:2015-03-27


They are market maker, by definition, they make price and offer to you. I worked in IT industry before, if you think they have people and software specifically targeted on yourself. I would say it is impossible. They are the largest CFD provider and they have thousands of accounts. It would be impossible to find someone to do the job. Also, it would be too costly to develop a software to target on your position except you are a gigantic client. What I can think of is they can see everybody’s stop and limit. For example, if EURUSD is trading at 1.2050, and say 50% of clients place stop order around 1.20 zone. They could make price spike up or down to get you out. It is theoretically easy to do.

2015-03-02 4Star Honestly, I ve heard this broker is doing stop loss hunting, but I ve never had any of those. I made money with them. The best thing about them is they take deposit and withdrawal very quickly. I ve done quite a few withdrawals with them, the longest time I wait is 2 business days. The most efficient in australia, I reckon. I ll rate them 4 stars, 1 star short is because their charting software is not free of charge. though rebatable if you place more than 4 trades a month.

Ben, , Singapore


Date of Post:2015-03-06


After monitoring for 01mth, I guarantee this broker freezes the platform upon news releases. Stay out from this broker if you don’t want to go back empty handed

HJ, UK, United Kingdom


Date of Post:2015-02-17


IG have stopped my EURCHF of 15th Jan 2015 trades over 1000 pips below other brokers and left me with a negative balance. I had no idea that you could have a negative balance and be liable for unlimited funds depending on what price they give to you for their horrendous slippage. Other brokers have forgiven negative balances and they don’t claim to be worlds best as IG did. careful with these guys, in times of volatility you will owe them your house!!

Kevin, WA, Australia


Date of Post:2015-01-29


I have had a similar experience to many with IG Markets. With auto trades they continually change the minimum stop distance on their indices, which means my trades are rejected. I have taken screen shots of before and after the changes and sent them to IG markets. They have replied saying they will look into the changes, but are unsure why the minimum stop distances would have changed. Maybe something to do with market volatility they think. They are tipping the scales in their favour if you ask me.


Bei Bei Lim, , Singapore


Date of Post:2014-11-17


Who is IG
IG is a market maker for Contract For Differences on shares, Forex and world stock market indexes.
Trading with IG
IG Markets has dealt the trades executed by their clients in two manners: Manual and Automatic dealing. In both manners, IG breaches the MAS administered laws. Further details and evidences will be provided below.
My cause
Over the past few years of trading with IG Asia, I have noticed several practices which are not in line with regulations put in place by regulatory boards (for eg, Monetary Authority of Singapore) and laws (for eg. Torts and contract law). These practices put traders at a disadvantage, and should not be tolerated. However, unless with great scrutiny, it is difficult to notice these anomalies. I have diligently put together many evidences after much analysis and evaluation and can confidently bring these practices to light.
Therefore, I am writing this article to inform traders and to garner support for my cause in advocating for fair trade within the CFD (Contract for Differences) trading industry.
Claims against IG (and evidences)
1) All automatic trades executed by clients are dealt in London, UK and not in Singapore as seen from the screenshot below.

This screenshot was taken from IG Singapore’s trading portal. According to the MAS administered law, only CMS License holders are allowed to deal in securities. However, IG UK is not licenced and hence, is not authorized to deal with the trades of clients of IG Singapore. Based on this alone, IG has breached its contract.

MAS have confirmed in the email above that IG UK does not hold a CMS licence.
2) Similar to automatic trades, manual trades are also executed outside Singapore. They are executed by IG Australia. Therefore, these trades breach the contract as well.

IG has acknowledged that manual trades are handled internationally.
What you can do to help
I have started a petition on https://secure.avaaz.org/en/petition/IG_Markets_Ltd_Call_for_compensation_a_fair_and_transparent_trading_system_and_practices/?pv=8 to garner support and gather victims of these unfair trade practices. These supports will greatly aid us as they provide us with the grounds to raise the issue with the relevant authorities to stop these unfair practices from spreading. IG also must pay a price for their unlawful and unethical trading practices. It will be greatly appreciated if you could sign the petition to support this cause. Together, as traders, we can make this industry a fairer playing field.
Over the past years, I have gathered much evidences and information. This space http://igmarketsreviews.wordpress.com/ will be regularly updated with my findings and evidences. In the meantime, please do show your support by visiting and signing the petition.

limayden, , Singapore


Date of Post:2014-09-27


Hi all,

Kindly go through to see whether you are affected and please inform those who you think that they are affected. Thank You.

I have recently started a petition against the unfair practices and trading systems of IG Markets Ltd on


Please copy the link above and paste it at Google search engine and/or at the web address bar.

Through this, I hope to gather like minded people and victims and seek compensation. At the same time, I hope that this petition drives IG towards a more transparent and fair trading system.

A) All customers of IG Markets can be deemed to be victims of their unfair trade system and practices. Customers of IG Singapore will expect that trades are executed by IG Singapore. However, this is not the case as trades are executed by IG UK or IG Australia.
The execution of trade is a form of regulated activity. Only entities which hold a Capital Markets Services (CMS) licence such as IG Singapore are allowed to carry out the regulated activities prescribed under the Securities and Futures Act (SFA) according to the Monetary Authority of Singapore. IG UK or IG Australia, a sister entity of IG Singapore, does not hold a CMS licence and hence is not allowed to deal (such as accept and execute trades) with the customers of IG Singapore. Based on this, IG has breached their contract with the MAS. Hence, all customers of IG are affected.

B) IG Australia had delayed or withheld executing of trades to see whether IG would profit or lose from executing trades (IG Australia had rejected after delaying the trades although trades were executed at IG’s quoted price). This has resulted in a loss of profits as trades that were legit were subsequently rejected.

Thus, it is important for clients of IG Markets Ltd to stand together against these practices to fight for our rights as traders and to fight for a fair trading platform for everyone’s benefit. Clients of Stop Orders, Limit Order and Stop and Limit Related Orders may relate to this cause more as these orders are often routed for manual execution, which is often carried out in IG Australia (please be referred to point A above). These trades are then executed by IG Australia which is not a CMS licensee. Hence, IG had illegally executed the trades according to the evidences.
Over the past 2 years, I have been conducting research and analysis on IG Markets and managed to gather a relatively substantial list of evidences against IG’s unfair practices.
My Evidences include:
– Unreliability of IG’s trading platform,
– How IG manipulates my trades,
– Unfair and non-transparent reasons for the rejection of my trades
– Unauthorized execution of my trades (my trades were routed to IG Australia for manual execution when my trades must only be executed by IG Singapore)

Should you wish to contribute to my cause and to build a stronger case against IG Markets, do contact me at [email protected] Also, do sign the petition at the link above to support the cause. Thank you and I look forward to your support.

Rohan, Australia, Australia


No Rating

Date of Post:2014-04-09


Please be aware that IG market provides false and misleading information to attract customers. I was told that i will be able to trade all size of contracts but after I opened the account they informed that I can trade minimum of 0.5 contract and that too for just 2 weeks only as a promotion and then minimum I have to trade is 1.0 contract.
I surprised to hear that and requested them for trade account with small contract size they just refused to do it. Hence, I told them it to close the account and they were barely bothered about it.

First time users and beginners please be aware about it that they do not deal in small contract size and minimum you can trade is 1.0 contract size which I suppose is too expensive for newbies and learners.

Shane Wilcock, , Australia


Date of Post:2014-03-21


I must admit I could have saved the $500,000+ Australian dollars that I was cheated out off by Ig Markets!.But they scammed me back in 2011. So I found this forum much to late which is such a pity for me. But I wish to help other people and stop these criminals known as IG Markets : www.ig.com/au. Also know in other countries as IG Group, and IG Index. This is there newest Product Disclosure Statement link starting March 2014 and its’ here: http://www.ig.com/content/dam/publicsites/igcom/au/files/account/customer_agreement_au.pdf . They are professional criminals legal and are protected in Australia. It’s true to the best of my knowlege to sell or close all your cfd positions you must call there dealer. There PDS is listed below:I will now quote on what page’s you must read. Starting with:Page 21 8. Electronic Transactions,paragraph 2 « We have no obligation to accept or to excute or Cancel ». Also (Point(4)You acknowledge we have the right unilaterally and with immediate effect, to suspend or terminate at anytime, with or without cause or prior notice. All or any part of our electronic service. Page 19 4 Providing a quote, Paragraph4: At our discretion, treat such a transaction as void. Also of the utmost importance read these pages and paragraph’s, Page 4 (3.11), P5 (3.11), P9 (4.1 Margin & Margin Call Practices), P18 (2The Services we will provide(.3,4,5,8,10), P19 3 Conflict is Interest(1,2,2a,2b,3,4,5.), P22 Agents(9.1 ) 10 Manifest Error(1:We reserve the right to, without your consent, either void from the outset or amend the terms of any Transaction ,2,3),11 Orders, (1, 2 4th Paragraph) P23 (11 Orders, Point 4. B:We reserve the right to, without your consent, either void from the outset or amend the terms of any Transaction , C, F,G,H. Point 8 also 13. Communications (1). Page 24 13. Commucications (2),3,4,Point 13 and 14:. If, for any reason, we are unable to accept your offer electronically, we may, without obligation, provide you with further information advising you that your offer can be made by telephone as an alternative. And never ever use there internal email(page23, *13:Written offers to open or close a Transaction, including offers sent by fax, email (including a secure email sent via our Electronic Trading Service) or text message, will not be accepted or be effective for the purposes of this Agreement:). Keep up the fight against the bucketshop and the boiler room shares. To the Australian Securities and Investments Commission stop protecting these foreign companies and protect Australian investors. Thank you to this great forum and for the quotes used from the previous reviewers. http://www.ig.com/au there lastest link to there PDS. And I have added three photo’s of there false advertisements they used to deceive and cheat me. How can an English company based in London be protected over Australian citizens!. Please have a look at these links below: http://postimg.org/image/687p5f2zd/ http://postimg.org/image/lzucsn2qt/ http://postimg.org/image/f235cni7v/


  • Home
  • Sitemap
  • Disclaimer

    Disclaimer and Risk Warning. Please read.

    Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
    investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
    foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
    The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
    should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
    exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not
    reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing
    and accepting any information posted on this website. We also reserve the right to remove, edit, move or close
    any post for any reason.

    Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate
    links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated
    parties. The FPA’s reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and
    information that may fail to disclose risks and other important considerations involved in speculative trading.

    Spammers be Warned If you spam the FPA’s forums or reviews, we reserve the right to edit your post in any way we please
    to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its
    associates for anything we do to or with your spam.

  • Terms
  • Privacy
  • Advertise
  • Media
  • Contact Us
  • © Copyright www.ForexPeaceArmy.com. All rights Reserved.
  • ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. All rights reserved under US and international law.

IG Markets | IGMarkets.com reviews and ratings by Forex Peace Army

Laisser un commentaire