Founded in 2016, Finance IG specialized in cryptos and CFDs trading. It owns a trading platform and supports many funding methods for their cryptos trading. However, it has now no regulation.
Pros and Cons
Is Finance IG Legit?
Finance IG is not regulated by any institution. Besides, the domain financeig.com was established on March 29, 2024, and its registration is valid until March 29, 2025. As of the latest update on March 29, 2024, the domain status is listed as “clientTransferProhibited” and “clientUpdateProhibited.” This means that the domain cannot be transferred or updated without the current registrars approval.
What Can I Trade on Finance IG?
In, Finance IG, you can trade over 1000 instruments including forex and CFDs on cryptocurrencies, stocks, commodities, stock indices, metals and energies.
Account Type
Finance IG offers four types of accounts including Standard, Silver, Gold and VIP accounts with the minimum deposits of $250, $10,000, $50,000 and $100,000 respectively. It is higher compared to other brokers, who typically require a minimum deposit of $100. However, each account satisfies its traders by providing different tools and services.
Trading Platform
Finance IG offers their trading software for cryptos trading. On their platforms, you can access sections that include real-time insights, customized risk management, and a risk-free practice environment with a virtual portfolio of $100,000, which are beneficial for beginners, as they provide tools to help new traders learn without financial risk.
Deposit and Withdrawal
In Finance IG, you can buy cryptos via VISA, mastercard, Paypal, Skrill, WebMoney, NETELLER, Union Pay, Yandex and Diners Club. It claims that buying cryptos does not require minimum deposit.
Customer Service
Finance IG only offers 24/7 online messaging to contact them. Yet, Finance IG does not offer other forms of contact such as phone support or in-person consultations.
The Bottom Line
In conclusion, Finance IG platforms are particularly well-suited for advanced traders. First, it offers many tradable CFDs instruments and a specified crypto trading platforms. Besides, their accounts also supports many tools. Experienced traders can leverage these tools and platform to enhance their investment strategies effectively. However, there is a concern that it is not regulated well.
FAQs
Is Finance IG a good for beginners?
Yes. In their trading platform, it offers a practice environment with a virtual portfolio of $100,000.
What security measures does Finance IG have in place to protect my funds and personal information?
It provides Negative Balance Protection and segregated accounts with top-tier banks.
At Finance IG, are there any regional restrictions for traders?
No.
