South Africa’s first regulated broker-matcher

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IG Markets Broker Review

2.9

/ 5

250
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Reviewed by

In this review

Minimum deposit

Platforms

Regulation

Tradable Markets

TradeFX Rating

2.9

/ 5

TFX Overall Score

The TradeFX score is calculated using our independent methodology, based on multiple broker criteria including regulation, fees, platform features, and trader experience.

We review and update our data regularly to keep comparisons current.

SA Focused

TradeFX evaluates brokers using an independent, criteria-based methodology designed to reflect what matters most to real traders. Our TradeFX score is calculated across multiple factors, including broker regulation and trust signals, total trading costs (spreads, commissions, swaps and non-trading fees), platform and tool quality, product offering, deposit/withdrawal experience, customer support responsiveness, and the overall trading experience across web and mobile.

We review and update our broker data regularly to keep our comparisons current and consistent. While we aim to provide objective, data-driven insights, trading and investing involve risk — so we always recommend that you do your own independent due diligence and verify key details directly with the broker and relevant official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Standout features for South African traders

Accepts South African Clients

No

Has Local Office

No

Trading Platforms

Mobile Trading

No

Tradable Markets

Account Types

Demo Account

No

Account Base Currencies

Maximum Leverage SA

Minimum Deposit

Local Deposits Available

No

Local Withdrawals Available

No

Same-Day Withdrawals

No

Islamic / Swap-Free Accounts

No

Automated Trading Allowed

No

Negative Balance Protection

No

Guaranteed Stop Loss

No

Stop-Out Level (%)

Promotions

Regulatory Bodies

Broker Trust and Regulation

Platforms and Tools

Fees and Spreads

Tradable Instruments

Trader Support

Deposits and Withdrawals

Account Types

IG Markets Broker Review
Trade Nation
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Accepts South African Clients ×No Yes Yes Yes
Trading Instrument CFDs CFDs, Spot Trading CFDs, Spread Betting
Tradable Markets Forex, Commodities, Indices, Shares / Equities, Crypto, Precious Metals, Energy Markets Forex, Commodities, Indices, Shares / Equities, Precious Metals, Energy Markets, Crypto Indices, Forex, Commodities, Shares / Equities, Energy Markets, Precious Metals, Bonds, Crypto, ETFs
Trading Platform MT4, Web Trading, MT5, Proprietary Trading Platform, Mobile App Trading MT4, MT5, Mobile App Trading, Proprietary Trading Platform, Web Trading Proprietary Trading Platform, MT4, TradingView, Mobile App Trading, Web Trading
Promotions No No Yes — Deposit Bonus, Trading Credits, Cashback / Rebates No
Account Base Currencies USD, ZAR, EUR, GBP, CAD, JPY, AUD, CHF USD, JPY, CHF, AUD, ZAR, GBP, EUR, CAD ZAR, GBP, AUD, USD, EUR
Maximum Leverage SA 1:2000 1:1000 1:500
Minimum Deposit R200 R100 R1,000
Has Demo Account ×No Yes Yes Yes
Same-Day Withdrawals ×No Yes ×No ×No
Negative Balance Protection ×No Yes Yes Yes

From a South African Perspective

IG Markets, a subsidiary of the IG Group, was established in London in 1974. This makes them one of the industry’s oldest forex brokers. Along with this, they have developed to become one of the world’s largest brokers, with offices in Europe and the United States.

The broker is also listed on the London Stock Exchange under the ticker IGG, which adds to their dependability, and they have a physical presence in 19 offices across five continents.

You can find our transparent IG Markets review below. Broker reviews are updated frequently!

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Stuart Wheeler, an investor, formed IG Group in 1974. Wheeler titled his company IG Index at the time. IG Index began as a corporation that allowed investors to trade gold indices rather than purchasing gold. IG was renamed in 2000, and it has grown to become a trading powerhouse, generating approximately $650 million in revenue every year.

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According to IG Group, it is the world’s leading provider of CFDs, with operations in more than seventeen countries. Furthermore, IG provides a wide range of trading items to prospective customers. Investors can gain access to over 17,000 financial marketplaces.

IG has a market valuation of more than $3 billion. There are 239,600 clients worldwide, and there are 1,921 employees worldwide. IG, like any other investor, has pros, limitations, and quirks.

One of the beneficial aspects of IG is that it has a well-known global presence. The company has received awards for its quality, and it sponsors events such as the Santos Tour Down Under, as well as teams such as the Getafe CF football club, Team Sky cycling side, and Harlequin rugby team.

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matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

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TradeFX helps traders learn, compare brokers, and make informed decisions through independent insights and educational content.

TradeFX does not provide trading services.

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Disclaimer:

Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks.

TradeFX is not a broker and does not provide trading or investment services. We do not execute trades or hold client funds. Broker listings may include affiliate relationships.
For further information please read our General Terms and Conditions.

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Importantly, all broker information, comparisons, and educational content presented on TradeFX are created using our own independent methodology. Our assessments are designed to be objective, user-focused, and prepared with the best interests of our users in mind. Partner relationships do not influence our evaluations, rankings, or matching outcomes.

Our goal is simple: to help traders make informed decisions through clear, unbiased, and transparent information.

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