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Brokers / IG (share dealing / stockbroking)
BROKER RIGOR REPORT · VERIFIED 11 OCT 2026

IG (share dealing / stockbroking): what the sources say

91
Evidence 100%

Key facts

The questions, with sources

QuestionWhat the sources saySource
Main entity
UK share dealing (default): IG Trading and Investments Ltd (FCA-authorised per IG client-funds page; acquired the stock trading business from IG Markets Ltd in Aug 2022 per press; FRN not found). IG Markets Ltd (FCA FRN 195355; Companies House 04008957, incorporated 2000-06-01) provides CFDs; IG Index Ltd spread betting. Other regions: IG Europe GmbH, IG Markets Ltd Australia, IG Bank S.A., IG Asia Pte, IG US LLC (per IG international page)., United Kingdom (default)
Listed parent
yes: IG Group Holdings plc (London Stock Exchange: IGG, FTSE 250 per FY25 results RNS)
Regulation
Major regulator. FCA (United Kingdom): IG Markets Limited FRN 195355 (CFD entity), authorised since 2001-12-01 per third-party mirror of the FCA register; the official FCA register page was not found in search results and not opened. UK share dealing is provided by IG Trading and Investments Ltd, stated FCA-authorised on IG's client-funds page (FRN not found). Clone-firm FCA warning (Jan 2023) concerned an impersonator, not IG.; BaFin / Bundesbank (Germany): IG Europe GmbH (as stated by IG); ASIC (Australia): IG Markets Ltd, Australia (as stated); MAS (Singapore): IG Asia Pte Ltd (as stated); FINMA (Switzerland): IG Bank S.A. (as stated); CFTC/NFA (United States): IG US LLC (as stated); local residents only
Compensation scheme
Yes. FSCS (UK entities); EdW (IG Europe GmbH); Esisuisse (IG Bank); none for Australia, US, South Africa per IG international page IG UK client-funds page: shortfall on IG insolvency compensable under FSCS up to GBP 85,000; failure of a bank holding client money covered up to GBP 120,000 per person per institution (as stated by IG). International page: EdW 90% up to EUR 20,000; Esisuisse CHF 100,000. Limits read on IG's pages, not the schemes' own pages.
Client assets separated
Yes. IG UK client-funds page: 'Your money is held in segregated client bank (independent trust) accounts at regulated banks'; 'never merged with our own money or assets'; spread across several banks under FCA CASS rules; assets held in custody accounts under trustee arrangements (help article 682994).
Public financials
Yes. Parent IG Group Holdings plc listed on the London Stock Exchange (IGG). FY ended 31 May 2025 results RNS: revenue GBP 1,075.9m (FY24 987.3m), statutory PBT GBP 499.2m, profit after tax GBP 380.4m; annual report to be published Aug 2025 on iggroup.com (not opened).
Who can open an account
UK entities local residents only; IG Europe, Australia, Switzerland, Singapore, Dubai accept global applicants per IG; US, Japan, NZ local residents only
Markets
IG UK costs page names UK, US, European and Australian shares; full exchange list not verified
ETFs / fractional shares
ETFs: yes. Fractional shares: not verified.
US stock commission
IG UK costs-fees page (read 2026-10-11): US shares commission 'Free' with instant currency conversion (0.7% FX fee); switching to manual conversion removes commission-free trading: 3c/share, min USD 15. UK shares free (GBP 3 with manual conversion). Help article 682832 adds: up to GBP 25,000 trade consideration, phone dealing GBP 50.
Cost to buy 1,000 USD
0%. Default instant FX conversion: commission 0, so 0% of USD 1,000 (FX fee of 0.7% excluded by definition). With manual FX conversion the minimum USD 15 would be 1.5%.
Currency conversion
0.7% added to the exchange rate (instant conversion), also on deposits/withdrawals needing conversion
Inactivity / account / withdrawal
Free (costs-fees page); Custody free; account opening, closing, maintenance free (costs-fees page). SIPP administered by Options Pensions: GBP 205 per year.; Bank transfer, debit and credit card withdrawals listed as free (costs-fees page); bank may charge; 0.7% if conversion needed

"Not verified" means we could not confirm it from a source we could read. Check the entity and rules for your own country. Education only, not investment advice.

Score

How the points add up

  • Regulation 20 of 20. Licensed by a major financial regulator (see the broker page for the register entry)
  • Client protection 20 of 20. Investor compensation scheme applies: FSCS (UK entities); EdW (IG Europe GmbH); Esisuisse (IG Bank); none for Australia, US, South Africa per IG international page; Client assets held separately from the broker's own (stated in its documents)
  • Transparency 10 of 10. Annual financial statements are public (listed parent or published report)
  • Security record 6 of 15. Worst incident in the last five years scored: 6 of 15
  • Compliance record 25 of 25. No regulator or court action found in our search
  • Costs 10 of 10. Buying 1,000 USD of a US stock or ETF: 0% commission at the published base tier (FX and spread not included)

Points earned of points available. A criterion we could not verify is left out and lowers the evidence share. See how we score.

Record

Security incidents

  • 2026-08-24 Login failures on IG web and mobile apps shortly before the US open; clients in UK, Ireland, Singapore, Australia and other regions affected; some reported being unable to close positions. Customer funds lost: no. Outcome: IG status page said investigating 'with the highest priority', advised phone closures; access restored later in the session; no cause or compensation reported (press: Finance Magnates; FastBull https://www.fastbull.com/brokersview/news/ig-trading-platform-hit-by-global-login-outage-ahead-of-us-market-open-326176). source
  • 2026-04 IG Japan reported potential data exposure of about 163,000 clients (headline: no external leak confirmed). Customer funds lost: not verified. Outcome: Press headline only; article page returned errors on two fetch attempts, details unverified. source
  • 2024-04-26 IT glitch in settling some share trades caused duplicate credits and debits on a number of UK ISA accounts; money wrongly removed and not refunded more than a week later; about 50 clients per IG. Customer funds lost: not verified. Outcome: IG said it was manually refunding affected clients and in contact with them (press: Alliance News via Morningstar, reporting a Financial Times story). source
  • 2020-05-21 Outage of web platform, mobile apps and APIs for about 1h12m (14:15-15:27 UTC); clients could not log in (pre-window item). Customer funds lost: no. Outcome: IG apologised, said services back to normal; cause not disclosed; no compensation mentioned (press). source older than 5 years
Record

Regulator and court actions

  • 2018-06-25 AMF (France): EUR 500,000 fine on IG Markets Limited for misleading CFD/binary-options information, unclear sourcing of recommendations, insufficient cooperation (outside 5-year window) Outcome: Press (Finance Magnates) source older than 5 years
  • 2019-08 English court (London): IG Markets Ltd sued to stop an investor client pursuing damages for trading losses under a trading contract; case settled, proceedings stayed (outside 5-year window; press, paywalled). Outcome: Settlement, terms not disclosed (press: Law360). source older than 5 years

Actions reported by press only are shown and not scored.

Summary

Key facts in five lines

  • IG's UK client-funds page states that share dealing is provided by IG Trading and Investments Ltd, that IG is FCA-authorised, that client money is held in segregated trust accounts at regulated banks under CASS rules, and that FSCS covers a shortfall up to GBP 85,000. [source 9]
  • IG's UK costs page lists US and UK share commission as free with instant FX conversion (0.7% FX fee), 3c/share min USD 15 with manual conversion, and custody, inactivity and withdrawal fees as free. [source 10]
  • IG Group Holdings plc (LSE: IGG) reported FY25 (to 31 May 2025) revenue of GBP 1,075.9m and profit after tax of GBP 380.4m. [source 11]
  • Incidents since Oct 2021 found in press: an ISA refunding glitch affecting about 50 clients (Apr 2024), a potential data exposure at IG Japan (Apr 2026, unverified), and a login outage on 24 Aug 2026. [source 13]
  • No regulator fine or court judgment against IG dated within the last 5 years was found in three searches; the AMF fine (EUR 500,000, 2018) and a 2019 settled court case are outside the window. [source 5]
Questions

Questions about IG (share dealing / stockbroking)

Is IG (share dealing / stockbroking) safe?

We do not give a yes or no. We record its regulation (FCA, BaFin / Bundesbank), whether an investor compensation scheme applies, and what we found about incidents and regulator actions. Read the sections above, and check which entity holds your account.

Does IG (share dealing / stockbroking) charge commission on US stocks?

IG UK costs-fees page (read 2026-10-11): US shares commission 'Free' with instant currency conversion (0.7% FX fee); switching to manual conversion removes commission-free trading: 3c/share, min USD 15. UK shares free (GBP 3 with manual conversion). Help article 682832 adds: up to GBP 25,000 trade consideration, phone dealing GBP 50.

Sources

Where this comes from

Not verified: Official FCA register page not surfaced by search and not opened (FRN 195355 rests on a third-party mirror; IG Trading and Investments Ltd FRN not found). ASIC/MAS/FINMA/BaFin registers not opened. FSCS/EdW/Esisuisse limits read on IG's pages, not on the schemes' own pages. IG Japan data-exposure article could not be read (server errors); details unverified. Annual report itself not opened (FY25 results RNS used). Group founding year, fractional shares and full market list not verified. Three incident and three legal searches performed; no regulator enforcement action against IG in the 5-year window was found, but absence in search results is not proof of absence.

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