FOLLOW MARKETMOVES

Opening an IGMarkets and IGIndex account - key differences explained

IG Group has two types of accounts - this explains the difference

IG Group is one of the largest global financial spread betting provider and CFD broker in the World. There are two busineses underpinning IG Group - IGIndex and IG Markets

  • IGIndex is a financial spread betting business. IG Index is a spread betting provider where customers set a stake that they could win or lose depending on the movement in the market.  

  • IG Markets allow you to buy lots, contracts or shares depending on the market using CFDs or Contracts for Differences. 

There are some key differences between the accounts

Degree of leverage
Both accounts are still leveraged but the amount size of the leverage can differ between them. 

Commissions
At IG Index the cost of opening and closing all trades is included in the price you see, whereas IGMarket share trades incurs a commission charged separately.  All other products on IG Markets have the charges included in the spread but as they offer DMA (Direct Market Access) on Markets the share price you trade is exactly the same as the underlying exchange and the charges are therefore applied separately.

Taxation
There are other differences with tax depending on your domicile.  IGIndex gains might be capital gains tax free depending on your tax domicile.

While the two accounts are similar, they do differ and if you have an Index account it does not mean that you also have a Markets account or vice versa. You can, however hold an Index and a Markets account so you are not restricted to just having one of the two types.  
comments powered by Disqus

All Features News

Trusted Firms

All Reviews
EUR/USD update (16th April 2014, 14:00) 16 Apr 2014

The euro is higher versus the US dollar, after the level of inflation in the eurozone remained unchanged in March.

GBP/USD update (16th April 2014, 13:00) 16 Apr 2014

UK unemployment has now dipped below 7%, the initial threshold level the Bank of England introduced in August but reneged upon last month, which has s...

EUR/USD update (15th April 2014, 15:00) 15 Apr 2014

Having popped its head above the $1.39 level at the tail end of last week, EUR/USD has found itself pulled back.

Market Comment 15th April 2014 15 Apr 2014

European equities are set to open flat as they’re caught between two competing poles of sentiment. 

AUD/USD update (14th April 2014, 18:00) 14 Apr 2014

The Australian dollar is gaining ground against the US dollar, as traders prepare for the latest minutes release from the Reserve Bank of Australia.

EUR/USD update (14th April 2014, 16:00) 14 Apr 2014

The euro is under pressure against the US dollar as tensions in eastern Ukraine weigh on the currency.

Market Comment 14th April 2014 14 Apr 2014

European equities are set to start on the back foot as last week’s negative sentiment remains firmly intact. 

GBP/USD update (11th April 2014, 16:00) 11 Apr 2014

After touching $1.68 yesterday, sterling has dropped back, hit by weaker UK construction output figures.

EUR/USD update (11th April 2014, 16:00) 11 Apr 2014

If we see the euro close above $1.39 today, then it will be the icing on the cake for the currency, which has enjoyed a remarkable week.

Market Comment 11th April 2014 11 Apr 2014

European equities are set to open lower tracking overnight declines in the US. 

EUR/USD update (10th April 2014, 12:00) 10 Apr 2014

Momentum has taken EUR/USD higher as a steady flow of economic data has been released over the week.

Market Comment 10th April 2014 10 Apr 2014

European equities are set to show modest gains on the open due to a dovish FOMC Meeting minutes overnight. 

AUD/USD update (9th April 2014, 19:00) 9 Apr 2014

The Australian dollar has reached a new high for 2014 prior to tonight's Federal Reserve minutes release.

EUR/USD update (9th April 2014, 18:00) 9 Apr 2014

The EUR/USD has pulled back from the $1.38 mark as traders have taken their profits from two days of gains.

Market Comment 9th April 2014 9 Apr 2014

European equities are set to open mixed as traders continue to tread cautiously. 

GBP/USD update (8th April 2014, 14:00) 8 Apr 2014

Today’s strong UK manufacturing and industrial production data has helped sterling gain ground against the US dollar.



Share this with your friends

To:
From:
Your comments:

Opening an IGMarkets and IGIndex account - key differences explained

IG Group has two types of accounts - this explains the difference

Read more »

Connect to successful traders – join Marketmoves.com free now

Log In or Sign up

Facebook User?

You can use your facebook account to sign up with Live streaming sport.

Connect with facebook
Remember me.
Did you forget your password?