While the platform is the technology – the ‘what’ as well as the ‘where’ of trading – your broker is the ‘who’. This is the company that owns the platform and is your intermediary, the trading services provider buying and selling on your behalf within different markets.
Just like all service providers, different brokers will offer different things. Some are strictly trading-focused, while others are only for investors, for example. We do both, having a platform that caters to share dealing for investors, plus spread betting and CFD trading for traders.
You’ll also want a platform that’s available whenever and wherever you want to trade. It should be available on your mobile phone, desktop, tablet and more. It may even be able to give you access to third party platforms, too.
We offer access to the following platforms:
- Our award-winning online trading platform2
- Mobile trading
- Algorithmic trading
- Well-known international third-party platform MetaTrader 4
- API trading for seasoned traders
- Direct market access on L2 Dealer and ProRealTime for professional traders
3. Products and markets
Not all trading platforms will give you access to the same products and markets. So, if you have a specific asset in mind to trade or invest in, you’ll want a platform that has a good offering in that space. If you’re not sure yet what market you want to trade, you’ll want a platform that gives you exposure to as many different assets as possible.
Here are just some of the markets we offer on our platform:
- Over 17,000+ international shares, including Tesla, Apple, Alibaba, Alphabet and much more
- More than 80 of the world’s top indices, including the FTSE 100, Dow Jones, S&P 500, Germany 40 and more
- Over 80 of the most popular forex pairs to trade, including major pairs like the GBP/USD and EUR/USD, minor pairs like the CAD/CHF, emerging currency pairs like the AUD/CNH and even exotic pairs like the EUR/CZK
- All 27 major commodity markets, including gold, oil, gas and soft commodities like sugar and wheat
- More than 5400 ETF markets covering indices, sectors, commodities and currencies
- Numerous themes and basket trading that follow global market trends, including clean energy, robotics, electric vehicles and more
- Trading on the future direction of interest rates in several of the world’s biggest markets
- Bond ETFs and futures to speculate on changes in long-term interest rates
4. Platform costs and exchange fees
Another important factor to consider when choosing your platform is how much it’ll cost to trade with that provider. It’s important to know what these fees are, and what this entails.
For example, creating an account with us is completely free of charge – which is not the case with all platforms. You also don’t need to add funds to your account to make it ‘valid’, as with some brokers.
Then, there’s the fact that many brokers may charge a fee for when you deposit the funds with which you’ll trade or invest. With us, you can make bank transfers free of charge and there’s no minimum amount you’re required to deposit.
Instead, if you’re trading, the main charge you’ll need to consider is ‘the spread’. This is the difference between the buy and sell prices when you open a spread bet or CFD position. In most cases, we charge our own spread on top of the market spread, as our fee for the trade.
You’ll pay a small commission when trading on share CFDs, as well as when you’re investing. However, if you’re an investor who places three or more trades in the previous calendar month, you’ll be charged no commission on US shares and just £3 per trade on UK shares.3
5. Tools
As a beginner trader, you’ll want access to as many tools as possible to maximise your chances of success and also explore what will work best for you. Some of the features we offer are:
- Charts – a huge variety of ways to view your preferred market, from candlestick trading charts to Heikin-Ashi, HLOC, line charts and much more – plus 19 drawing tools within those charts
- Trading signals – actionable ‘buy’ and ‘sell’ suggestions for you from our platform, based on analysis of the chart patterns of your chosen market
- Alerts – automatic and customisable notifications which alert you to specific market parameters, that you choose, free of charge
- Indicators – helpful formulas you can view on any market’s price chart to help you with your trading strategy – we offer 32 different indicators
- Trading analytics – computational analysis from our platform of your positions, based on your trading data, to help you evaluate and improve your performance
Another powerful tool you use if you’re a beginner trader is our demo account, which enables you to finetune your strategy, as well as familiarise yourself with our platform, before using your own money. You’ll get £10,000 in virtual funds to practise with, which you can use before opening a live account and starting to open real positions.
We also try to make withdrawing and depositing funds as easy as possible. You can withdraw your money whenever you like, for free. Plus, you can make deposits with a bank transfer or with your bank card.
Successful bank card payments are deposited immediately, while bank transfers my at times take up to three working days maximum. In the meantime, you can upload a proof of payment to trade with the funds right away.
8. Customer service
You’ll also want the very best support possible, so that you can count on your provider when you need them most. We’re ranked as the No.1 platform in the UK2 for a reason – our customer support is there to help your chances of success in trading or investing, right from the moment you become a client.
You can contact us by phone, online chat, email or Twitter – 24 hours a day from 8am Saturday to 10pm Friday (UK time).
When you’re a beginner trader, we can be especially hands-on if you need. Our experienced team and site provides services that guide you to the right tools for your needs – from setting up automated price change alerts on your desired markets to getting you started with free online courses.
These include self-learning opportunities with IG Academy, plus hundreds of articles with trading strategy tips and expert market analysis.
Beginners’ trading platform comparison
Here’s an additional breakdown of all our platforms compared to one another, so you can choose the best one for your needs and skill level:
Online | Mobile | Progressive app | ProRealTime | MT4 | L2 Dealer | |
Trading goals | Suitable for all traders and investors | Suitable for all traders and investors | Suitable for all traders and investors | ProRealTime is more suitable for advanced traders, familiar with technical charts | MetaTrader4 is more suitable for advanced forex traders | L2 Dealer is direct market access more suitable for advanced stock traders |
Ease of use and accessibility | Easy enough for beginners, accessible via a browser | Easy enough for beginners, accessible via app downloaded to your mobile | Easy enough for beginners, accessible via a browser, with a mobile shortcut, too | Not designed for beginners, accessible via download on your computer | Not designed for beginners, accessible via download. Also accessible on your phone via the app | Not designed for beginners, accessible via download |
Products and markets | Trade 17,000+ markets via spread bets, CFDs and invest with share dealing | Trade 17,000+ markets via spread bets, CFDs and invest with share dealing | Trading varies depending on account type, but includes all our standard products | Trade 17,000+ markets via spread bets and CFDs. | Trade 17,000+ markets via spread bets and CFDs | Invest in 13,000+ stocks, funds and investment trusts. Trade 17,000+ markets via share CFDs, plus FX at pro level |
Platform costs and exchange fees | Free of charge, with monthly exchange fees for some exchanges and L2 shares data | Free of charge, with monthly exchange fees for some exchanges and L2 shares data | Free of charge, with monthly exchange fees for some exchanges and L2 shares data | Free of charge, provided you trade 4 or more times in a month. Platform cost is £30 per month for 3 or less transactions per month | Free of charge | Free of charge, but minimum of £1000 account balance is required |
Tools | Use signals, alerts, market orders, watchlists and price alerts. Plus, access in-platform newsfeeds, economic calendars and more | Use signals, alerts, market orders, watchlists and price alerts. Plus, access in-platform newsfeeds, economic calendars and more | Use stops, limits, guarantee stops and other orders, plus watchlists | Use watchlists, signals, price alerts and orders, as well as Autochartist. Plus, access in-platform newsfeeds, economic calendars and more | Use watchlists, price alerts and orders | Use watchlists and orders |
Risk management | Limit orders, stops, guaranteed stops, trailing stops and negative balance protection | Limit orders, stops, guaranteed stops, trailing stops and negative balance protection | Limit orders, stops, guaranteed stops, trailing stops and more. Plus negative balance protection as per UK law | Limit orders, stops, market orders, trailing stops and more. No negative balance protection | Limit orders, stops, market orders, take profit and more | A wide variety of order types includes limits, stops, market orders, algo trades, execute and eliminate, date, day, good for auction, good till canceled, at the auction and more |
Account management | Withdraw money, make deposits, register cards and more via My IG | Withdraw money, make deposits and register cards via My IG. Plus, make bank. | Make deposits and manage settings via My IG | Withdraw money, make deposits, register cards, manage settings and more | Make deposits and other account management through the web-based MT4 platform | Withdraw money, make deposits, register cards, manage settings and more |
Customer service | Phone support 24/7, as well as via Twitter and email | Phone support 24/7, as well as via Twitter and email |
More out of hours trading and weekend hours than any broker in the UK
A market-leading service – we’re the No.1 platform in the UK,1 plus the world’s No.1 CFD and spread betting provider5
24-hour help from our trained support staff, who’re knowledgeable on financial markets
Industry-leading execution times for your trades – over 99% of our deals are completed within a tenth of a second
Access to thousands of online self-improvement and educational resources including analysts’ articles, IG Academy, trading strategy articles and more to help maximise your chance of success