IG Markets Australia – Is This Broker Available To Australian Traders

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IG Markets Australia

The broker known as IG Markets is actually owned by the IG group and they accept Australian traders. This group which was formed in 1974 and originally traded gold.

Now though, it is a global enterprise serving close to 140,000 traders from all over the world. It has set up 17 branches internationally and racked up billions of dollars’ worth of profit in the market. Especially in Australia this broker is very trusted.

IG Markets Australia:

What We Liked

  • Low minimum deposit
  • Customer support available 24/7
  • Regulated by the ASIC
  • Demo account offered

What We Didn’t Like

  • Slim amount of options with deposits and withdrawals

Is IG Markets Available To Australian Traders?

Subsidiaries of IG Markets have been set up in Australia and New Zealand. The Branch in Australia is strictly regulated by the Australian Securities & Investments Commission.

This is an important feature for any trading broker operating in Australia. It reassures prospective traders that their selection of a broker is licensed and regulated by the government. This eliminates the possibility of the broker being a scam.

Traders in Australia can access the ground-breaking trading platform offered by IG Markets online.

It is a cloud based trading platform that does not require traders to download additional software to gain entrance to their accounts.

Instead, they can enter their accounts from just about any modern browser. All subscribed traders have access to over 10,000 trading instruments on the platform. There is also the availability of mobile apps that can be used to place trades. The platform streams and displays prices in real time.

This assists traders in conducting an accurate analysis to better their chances of being in the money.

IG Markets accepts a minimal deposit of $200 for a new account and for the first couple of years, it does not penalise a fee for inactivity. There isn’t a specific pay-out rate guaranteed at IG Markets. A rough estimation can be made by considering the time period allocated to the trade and the assets involved. However, the IG Markets trading platform will give you a potential pay-out once you have selected a trade and a time period for it.

IG Markets uses as simple and straightforward a system as possible with their trading accounts

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  • Apart from the free demo account, all traders can use just one live account which is entitled to every kind of trading instrument the broker has to offer.
  • There are two types of trading available: traditional and sprint markets which is a more recent opportunity.

It offers extremely fast trades with a time limit ranging from a minute to an hour. The main difference is that in sprint markets, users cannot close positions which have been opened. With traditional binaries, the positions can be closed before the appointed time of expiry.

Moreover, the types of trading are more with compatible with traditional binaries than they are with sprint markets. There are trading types like Hi-Lo, Up/Down, Ladder, Tunnel and One touch which are not available with sprint markets.

  • When it comes to making deposits, you will be charged 1.5% of the funds transferred from your VISA credit card and 0.5% on your VISA debit card.
  • With MasterCard however, no fee is charged and for Australia based traders, BPay is also a free option.
  • A bank wire transfer to IG Markets’ Westpac Bank account is the preferred method for international clients.

Unfortunately, the options remain fairly limited for both foreign and domestic traders, with the withdrawals as well. Australia based traders can only use BPay or VISA or MasterCard credit cards.

Happily however, there is good news to learn about with the customer services of IG Markets. There are several ways for clients to reach customer support.:

  1. There is a help desk that can be accessed via email.
  2. Representatives of the broker can be reached by telephone.
  3. You can also engage in a live chat on the IG Markets official website as well get in contact on Twitter.

A good alternative to IG Markets is Highlow – This broker also accepts Australian traders and they still offer binary options trading.

Is IG Markets A Good Choice For Australians?

IG markets is a well reputed broker in Australia, New Zealand and much of South East Asia. Being strictly regulated and licensed by the ASIC, traders should have little to worry about entrusting their funds to the broker.

The only real downside with IG Markets is the uncertainty of the payout rate and the minimal number of deposit and withdrawal methods.

Trade with Australia’s No.1 CFD & FX provider 1

Get an easy-to-use platform, expert trade ideas and friendly support as standard.

You can contact us on 1800 601 799 or [email protected] about opening an account. We’re here 24hrs a day from, except from 8am to 2pm Saturdays (AEDT).

You can contact us on: 1800 601 1799

Experienced trader?

Tight spreads, fast execution and a team of experts on call around the clock.

New to trading?

Comprehensive education and a demo account with AUD$20,000 of virtual funds.

Trade CFDs on over 17,000 markets

Go long or short on FX, commodities, indices, cryptocurrencies and more with CFDs.

Start investing in shares from $8

Buy and sell over 13,000 local and international stocks on IG’s intuitive trading platform.

Low currency conversion

Our conversion cost stands at a flat rate of just 0.5%, and you won’t be charged at all if you choose to settle into multi-currency accounts.

Trading on-the-move

Discover our intuitive, natively-designed mobile and tablet apps, so you can access the markets wherever you are.

Free stock transfers

It won’t cost you a penny to transfer your existing stocks to IG, and you’ll only need to complete a short form to get started.

Collateral service

You can use your shareholdings as collateral to cover initial deposits on your CFD trades.

Award-winning products and platforms

Trade quickly and smoothly, with technology designed to ensure that your trade goes through.

  • Fast, easy-to-use web platform
  • Apps optimised for all devices
  • Advanced platforms and charting – L2 dealer, ProRealTime and MT4
  • Full suite of alerts and risk management tools

Support when you need it

Round-the-clock support

24 hours a day, from 2pm Saturday to 8am Saturday (AEDT).

Interactive education

Become a better trader whatever your level of experience with the courses and webinars on IG Academy, our free online learning hub.

Speak to other traders

Talk strategy with your peers and ask questions to IG staff on IG Community, our online space for trading discussion.

Up-to-the-minute analysis

Inform your decisions with timely dispatches from our large team of global analysts. Stay updated while trading, with in-platform Reuters and Twitter feeds.

Latest news and analysis

Gold price and oil price both rally

What does the coronavirus crisis mean for UK housebuilders?

FTSE 100, DAX and S&P 500 mixed in early trading

Prices above are subject to our website terms and conditions. Prices above are indicative only.

Easy account opening

You could be set up and trading in three minutes with these simple steps.

Fill in our simple online form

We’ll ask a few questions about your trading experience

Instant online verification

We can usually verify your identity immediately.

Fund your account and trade

Withdraw money easily, whenever you like.

1 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends December 2020 Leveraged Trading Report

2 If your guaranteed stop is triggered, you will incur a fee known as the premium stop

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CFDs are a leveraged product and can result in losses that exceed deposits. You do not own or have any interest in the underlying asset. Please consider the Margin Trading Product Disclosure Statement (PDS) before entering into any CFD transaction with us.

The value of shares and ETFs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in.

Please ensure you fully understand the risks and take care to manage your exposure.

IG does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. IG is not a financial advisor and all services are provided on an execution only basis.

This website is owned and operated by IG Markets Limited. ABN 84 099 019 851, AFSL 220440. Derivatives issuer licence in New Zealand, FSP No. 18923

The information on this site is not directed at residents of the United States or any particular country outside Australia or New Zealand and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Share Trading charges and fees

We are always transparent with our charges, so you know what costs you may incur when you trade with us

Commissions

Our online rates

Trading Australian shares incurs a commission of just $8 per trade or 0.1%, whichever is higher. For US markets, our fee is US$10, or 2 cents per share. For European markets, we charge £10 / €10 per trade or 0.1%.

Commission per trade

Australia $8 / 0.1% US US$10 / 2 cents per share UK £10 / 0.1% Germany €10 / 0.1% Ireland €10 / 0.1%

Phone charges

Trading by phone incurs the following rates.

Australia $50 / 0.1% US US$50 / 2 cents per share UK £40 / 0.1% Germany €50 / 0.1% Ireland €50 / 0.1%

Foreign exchange fees

For relevant transactions, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus a spread of just 0.5%.

Free transfers

Consolidate your shareholdings by transferring any existing stocks to your IG account for free.

See our share transfers page for more.

Subscription fee

A quarterly $50 subscription fee may be charged from your share trading account depending on your trading activity that quarter. To be exempt from the charge, you will need to:

  • Deal at least three times across either of your share trading or CFD accounts during the quarter,
  • Hold no open positions in your share trading account at the end of the quarter.

Please note, as long as you have no open positions at the end of the quarter, you will not be charged a subscription fee regardless of whether you hold a cash balance on the account. The subscription fee will apply per client rather than per account. Please see our customer agreement for more information.

Quarterly cycle Month charged if you have not met the criteria
January – March April
April – June July
July – September October
October – December January

Other fees

Standard bank transfer Free Voting on company matters Free Same-day bank transfer

$15 with a minimum requirement of $2000 (withdrawals in other currencies may have other charges)

International bank transfer Free (although there may be a charge from the bank side) Physical share dematerialisation Free Additional services 1 Account documentation fee We charge a US$50 fee on accounts which have not supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock. We do not apply this fee to accounts with up-to-date documentation or accounts which have not entered into qualifying trades. We will notify you if you have entered into a qualifying trade and need to complete a form.

1 Additional services include but not limited to the following optional services: Arranging AGM attendance and receiving hard copies of company reports.

Where applicable, GST applies.

Please note:

1. There may be additional charges and taxes for particular instruments that you trade that are charged by the particular market. Please call us on on 1800 601 734 for further details.

2. We may charge you a fee if we are required to perform a service on your behalf that is not set out in our product details.

3. There may be additional charges for particular currency withdrawals. Please call us on on 1800 601 734 for further details.

Notes to tables

To determine whether a particular charge applies, please call our helpdesk before you trade.

1. Commission charges are calculated as a flat fee, a percentage of the transaction value or as cents per share for US shares. Where we offer trading on shares that are dual-listed and fully fungible for settlement on both exchanges, the commission charges relevant to the country where the primary listing is held will apply.

2. We will let you know in writing which commission rates apply at the time you open your account.

3. Trading hours are as follows:

  • UK shares (LSE): 08.00-16.30 (London time)
  • US shares: 09.30-16.00 (New York time). US Shares trading under our ‘US All Sessions’ offering are tradable from 07:00-17:30 (New York Time)
  • European shares: Market hours vary depending on the relevant exchange, please call our helpdesk on 1800 601 734 for details
  • Orders may operate differently depending on the third party we send your Order to, in particular in relation to pre- and post-market sessions for US shares. Some US shares may be visible outside of normal market hours but are not currently tradable on our platform. If you would like further details about how Orders work or on the ability to trade US shares outside of normal market hours, please contact one of our dealers
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