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

  • 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.

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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 1pm Saturday to 7am Saturday (AEST).

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

Oil prices climb higher on hopes OPEC+ will approve supply cuts

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Top 4 FTSE 100 risers to watch during the coronavirus crisis

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.

IG Markets Australia – Is This Broker Available To Australian Traders?

We wanted to let you know about some changes to our trading hours over the upcoming Easter priod (all times in AEST):

Friday
10 April

All Australian, European and US markets closed

Most 24-hour indices close at 7am*

Saturday 11 April

All Australian, European and US markets closed. FX closes at 7am.

Weekend indices and cryptos open at 5pm

Sunday
12 April

Weekend indices and cryptos open as normal.

Monday
13 April

Australian, European and US equities closed. 24-hour indices quotes out of hours.
FX opens at 6am

Tuesday
14 April

Australian, European and US markets open.

* India 50, Taiwan index, Japan 225, Singapore Blue Chip and China A50 will re-open on Friday 10 April.

We have tried to make this information as accurate as possible, but it is intended for guidance only and is subject to change. For more informatinon on our popular markets trading hours over this coming holiday, see our full list of Easter trading hours.

Please consider our PDS. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved. IG does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of a CFD. IG is not a financial adviser 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 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.

Your capital is at risk. CFDs can result in losses that exceed your initial deposit. Please ensure you fully understand the risks involved.

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