Updated May 26 2022
Overview | |
---|---|
IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account. |
Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes. |
Best For | |
|
|
Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
|
|
The Bad | |
|
|
Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder’s name. |
📍 Year Founded | |
1974 | 2016 |
💳 Minimum Deposit | |
0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
$, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium) |
💰 Payment Methods | |
💵 Account Base Currencies | |
6 - AUD, EUR, GBP, HKD, SGD, USD. | 5 - EUR, USD, GBP, NOK, SEK. |
🗽 Available to U.S Citizens | |
Yes (excluding CFDs) | No |
❌ Restricted Countries | |
SY, IR. | US, SY, IR. |
📊 STP Account | |
No | Yes - depending on product traded, available liquidity and trade size |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
762 |
📘 Currency Pairs | |
210 | 73 |
📗 Commodities | |
37 | 6 |
📕 Indices | |
76 | 18 |
📔 ETFs | |
2,000 + both CFDs and real ETFs | 45 |
💸 Cryptocurrencies | |
15 | 34 |
📒 Bonds | |
19 | N/A |
📓 Options | |
Availability only for select countries. | N/A |
📗 Futures | |
Several contracts in commodities and indices with various expiration dates. |
N/A |
📝 Notes: | |
IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
All of Skilling’s assets are CFDs |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | Varies per share - From 0.1 shares (Fractional trading) |
📉 Minimum ETFs Trade Size | |
1 ETF | Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit) |
📈 Minimum Crypto Trade Size | |
0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins) |
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC) |
📉 Minimum FX Trade Size | |
1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units) |
$1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
1 Contract | Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) |
📉 Minimum Bonds Trade Size | |
1 Contract | N/A |
📈 Minimum Futures Trade Size | |
1 Contract | N/A |
📉 Minimum Options Trade Size | |
Varies per option (usually 1 contract) | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | Yes |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | Yes, for cTrader, MT4 and MT4 Premium accounts | Fees |
💰 Inactivity Fee | |
After 24 months of inactivity, IG charges an $18 monthly fee. |
No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out. |
Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60) |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.9 Pips | Dynamic - From 0 to 1.3 Pips |
📉 SP500 | |
Dynamic - From 150 Pips | Dynamic - From 120 Pips |
📈 GOLD | |
Dynamic - From 50 Pips | Dynamic - From 36 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.03 | Dynamic - From $4.62 |
📈 XLK (ETF - CFD) | |
Dynamic - From 0 Pips | Dynamic - From $0.84 |
📉 BTC | |
Dynamic - From $140 | Dynamic - From $131.8 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | No |