IG GLOBAL LIMITED is an online CFD trading platform launched in September 2024, with its official website at gotraderfin.com. The platform offers investors diverse CFD trading services, including forex, precious metals, crude oil, and indices, but does not provide services in regions where it is prohibited by law.
Overview of Platform Services
Types of Trading Accounts
IG GLOBAL LIMITED provides users with a default trading leverage of 1:100, a minimum trading lot size of 0.01 lots, and a minimum deposit requirement of $100.
However, the platform has not detailed key parameters of trading accounts, such as spreads, margin call ratios, stop-out levels, and specific trading commissions. Investors should carefully evaluate these undisclosed details before registering an account to make informed investment decisions.
Trading Software
IG GLOBAL LIMITED supports the MetaTrader 5 trading platform, compatible with both desktop and mobile devices. MT5 offers 31 chart analysis tools and 30 technical indicators to help users conduct comprehensive market analyses and formulate strategies.
However, upon checking, IG GLOBAL LIMITED information is not found within the MT5 platform's broker list.
Overview of Trading Instruments
Forex Trading
The platform offers users major currency pair trading services, such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY, to cater to the demands of forex investors.
Precious Metals Trading
Users can trade spot gold (XAUUSD) and silver (XAGUSD) on the platform, providing opportunities to engage in precious metals markets.
Crude Oil Trading
The platform supports CFDs in U.S. crude oil (UsOIL), allowing users to participate in energy market investment activities.
Indices Trading
IG GLOBAL LIMITED covers major global index trading, including the Nikkei 225 (N225), Germany's DAX index (GER30), and the S&P 500 (US500), offering investors opportunities for globalization in index trading.
Cryptocurrency Trading
The platform supports the trading of mainstream cryptocurrencies, allowing users to choose from digital assets such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD) to meet their investment needs in the digital currency market.
Funds Deposit and Withdrawal Services
Currently, IG GLOBAL LIMITED does not disclose deposit and withdrawal methods on its website, nor does it specify whether any fees are charged for funds transfer.
Customer Support and Contact Information
IG GLOBAL LIMITED has not established official accounts on major social media platforms such as Facebook, Instagram, and Twitter. Investors can only contact the broker by email as provided on the official website.
Company Background and Regulatory Status
Company Background
According to information from gotraderfin.com, IG GLOBAL LIMITED has service offices in several regions worldwide, including Australia, New Zealand, the United States, and China, and collaborates with financial institutions in over a dozen countries. The company claims to be regulated by the U.S. National Futures Association (NFA), with registration number 0557895.
Regulatory Status
Upon verification, the NFA's official website does not list a company corresponding to registration number 0557895. Additionally, the brand logo used on gotraderfin.com closely resembles that of another broker, GMI, suggesting potential plagiarism.
Overall Assessment
IG GLOBAL LIMITED is an emerging CFD trading platform with a relatively short history. It neither holds authorization nor is it regulated by legitimate financial regulatory bodies. Furthermore, the platform’s logo appears to mimic that of the broker GMI.
Risk Warning
CFD trading, due to its leveraged nature, involves high risks and significant market volatility which can lead to the loss of invested capital. While leverage can amplify profits, it also increases potential risks. Therefore, before engaging in trading, investors should thoroughly understand market volatility and the mechanics of CFD trading and assess their own risk tolerance.
