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IG Online Brokerage Review: What You Need to Know?

IG is an online trading platform, offering traders access to over 13,000+ financial markets in CFDs for indices, forex, shares, commodities and more.

IG Online Brokerage Review: What You Need to Know?

IG is an online trading platform, offering traders access to over 13,000+ financial markets in CFDs for indices, forex, shares, commodities and more.


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  • Broad range of CFD products
  • Competitive Forex trades


  • Not the lowest costs to trade

IG's online brokerage platform is a good option for those seeking to make CFD trades. While it is not the lowest cost option for CFD trading, several of its features may be of interest to certain individuals.

For example, IG provides a few unique features that allows traders to manage their risk. This includes SGD denominated contracts for select popular trading products, reducing traders foreign currency risk. Additionally, IG Academy offers CFD education and gives new traders a risk-free account to practice with simulated trades. Finally, IG users earn KrisFlyer Miles, which may be an attractive incentive for traders that like to fly with Singapore Airlines.

Summary of IG's Online Brokerage
Slightly Higher Commission Fees Compared to Other CFD Trading Platforms
IG Academy: Educational Materials & Demo Accounts
Market Access: Indices, Forex, Shares, Commodities, Crypto and more
SGD denominated contracts for selected products
Singapore Airlines Promotion: Users Earn KrisFlyer Miles

Table of Contents

What Makes IG Stand Out to Traders

IG online brokerage is a solid option for individuals that would like to trade CFDs. The platform isn't the least expensive for CFD trading, but does have some attractive features. First, IG gives traders the ability to limit their exposure in unique ways. For example, IG lets users trade fractions of a contract (e.g. 0.5 contracts of spot FX EUR/USD). IG's Knockout CFDs are also unique and allow traders to select their maximum losses before entering a position. These CFDs automatically adjust their margin requirements based on the trader's preferred "knockout level".

Furthermore, IG offers SGD denominated contracts for selected trading products. This allows traders to trade popular markets with SGD instead of USD thus saving on conversion costs as well as reducing foreign currency risk.

IG online brokerage also offers a comprehensive CFD education platform through IG Academy, which helps new traders learn the fundamentals of CFD training. IG users can also open a demo account, with which they can practice making CFD trades, without actually using their own funds. Both of these factors make IG worth considering for relatively inexperienced CFD traders that would like to gain expertise without undue risk. Lastly, IG online brokerage offers a loyalty program in which users can earn KrisFlyer Miles on each trade. For those that fly Singapore Airlines, this can be a nice bonus.

Trading Opportunities at IG Online Brokerage

IG online brokerage is one of a few platforms in Singapore that allows individuals to trade CFDs. The platform has great market access, and allows users to trade indices, foreign exchange, currency, shares, commodities and cryptocurrency CFDs. However, IG's fees are slightly higher than its competitors, which means IG is usually not the lowest cost option.

IGCity IndexSaxo Markets (Bronze Plan)
CFD Commission for Stocks & ETFs:
Index CFD Spread:
US SP 5000.40.40.4
US Tech 100111
Hong Kong 505105
Japan 225887
China A50101012
Australia 200111
Germany 30111

Trader Eligibility Requirements

Consider this if you are interested in trading CFDs on a platform with excellent educational materials

IG Online Brokerage Required Application Information

  • Full Name
  • Date of Birth
  • NRIC
  • Nationality
  • Residential Address
  • Gender
  • Email Address
  • Mobile Number

Once registered, users will be able to trade within 1-2 days.

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