Is I.G. Markets charting worth $60 (Aud) per month?

Just got an email from I.G. Markets.

They are under the impression that they're real-time charting package is worth $60 a month.

If you take four trades a month it's free. But to think it's worth anything like that is delusional.

I think it's from Pro-Charts. What a joke. It works. And it's ok as a free package, but if they want to charge inactive traders , provide a better option.

Hi there,

I wouldnt really put it down like that.

The question that should be asked is whether this charting software will improve your trading?
Will it help you analyse the movement in the financial instrument better?
Will you be able to recoup the $60 in a month?

If the answer is yes, well then it is worth it.

Why?

$60 isnt much money and also that you state that the service will be for free after taking 4 round trip transactions I wouldnt really mock it.

Thanks

They said if u make 4 trades every month in IGMARKETS or 2 bets on IGINDEX it will be free or u will pay 30 pounds every month , i dont c any problem . There is many facilities on their charts , for example check the ( Proscreener ) from the display list , u can code and scan thousands of stocks in one second , for example : lets say u want US stocks with a 60+ RSI and with a share price between 30 $ - 40 $ , u can code the ( Proscreener ) using the built-in help and then u search the shares list . For stocks traders this facility is very important . another example : u can code the screener to search for FX pairs with ( 10 MA over 21 MA over 50 SMA ) ... u can use any indicator u want , i only gave some examples .

Another facility : ( Top movers list ) u can search for the top movers for any list ( FX , US shares , ...... ) top movers since yesterday , 5 min , 15 min , 30 min , 1 hour ... ( Up or Down )

U also can trade thru their charts ....

Sorry guys, I didn't really explain it properly.

I could make the four trades easy, sure, no prob. I'd just have to remember to log to do four FX trades at least every month. Just not interested.

I know what you can do with the chart package. My point was there are much better charting options out there that I will pay many times as much for per month. This one isn't worth jack in my opinion.

I find it laughable that all of a sudden they think it's something worth paying that amount for. I'd pay $10 a month. Even the help menus give the impression of very smug developers who think too highly of the chart platforms abilities.

This is a business and I'm about keeping my input costs low. I would never lock myself into that monthly cost for a very ordinary package when not trading on their platform.

I'd rather go the Trade Station route and use other accounts I have for shares. This one can just sit their doing nothing, for all I care.

Thanks for the opinions guys. Your time and opinions are appreciated. You mean well.

Happy trading

if u dont want to trdae with IG u can use the normal charts with them for free , but if u want to use the advanced charts and the proscreener u should either pay monthly fees or trade with them , it is a fair deal , it is worth more than 30 pounds ...

Here is my take on Fee based Charting software:

Will paying AUD60 a month give more wins?

Seek the honest answer and decide accordingly.