IG Opinions?

I've been trading the daily charts for the last few months now, but being so picky with set-ups it has led me wanting more markets to trade. I have been thinking about opening an IG spreadbetting account due to the wide range of markets available. I have heard lots of bad stuff about IG, but surely trading only the daily charts limits how much they can interfere?

Slippage, spread widening etc doesn't come into play on daily charts as much. The only issue would be withdrawing, but with such a large company like this I imagined this wouldn't be a problem.

Does anyone have any experience with them that can put my mind at rest?

(I wouldn't use this broker for short term trading, the spreads are generally 0.5 - 1 pip too high and I can imagine the spreads could possibly widen etc)

Many thanks,

Hi Gareth,
I opened an account with IG around 14 years ago.

I also spent 2 years trying many other brokers, to see if the grass was greener.

Slippage... goes both ways, its not a lot compared to most brokers, and I often get "positive" slippage.
For example, yesterday on the DAX I bailed out of a scalp at 6.5 points up, however I got 10.

Spread widening...again not as bad as a lot of brokers, and generally at the times when I personally don't trade.... news etc.

Withdrawing...I withdrew £100 to get an xmas present on Thursday (30th Nov)...it was in my bank on Monday morning.

For the fastest execution speed, and smallest spread (1 point on DAX, and generally 0.6 ON EUR/USD), I would open a spread bet account with them, and then an MT4 account. That way you can use MT4 for charts, and the IG platform for execution.

Unless of course you prefer the platform charts.

Anyway, I speak as I find, and I hope it helps.
Regards,
Paul.

Paul,

Really appreciate you taking the time to post, thanks a lot.

Just what I wanted to hear.

All the best with you trading..

No problem, and green pips