IG is the main brand of IG Group Holdings plc, a company listed on the London Stock Exchange. In the UK, IG Markets Ltd provides CFD accounts and IG Index Ltd provides spread betting, both authorised by the FCA. The group also serves clients through IG Europe GmbH in Germany, IG Australia Pty Ltd, IG Asia Pte Ltd in Singapore, IG Bank S.A. in Switzerland and IG International Limited in Bermuda, among other companies.
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| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Financial Conduct Authority (FCA) | 195355 | IG Markets Ltd | Authorised Checked 4 Oct 2026 | Register entry for IG Markets Ltd (opens in a new tab) 1 |
| Financial Conduct Authority (FCA) | 114059 | IG Index Ltd | Authorised Checked 4 Oct 2026 | Register entry for IG Index Ltd (opens in a new tab) 1 |
| Financial Conduct Authority (FCA) | 944492 | IG Trading and Investments Ltd | Authorised Checked 4 Oct 2026 | Register entry for IG Trading and Investments Ltd (opens in a new tab) 1 |
| Federal Financial Supervisory Authority (BaFin) (BaFin) | BaFin-ID 10148759 | IG Europe GmbH | Authorised Checked 4 Oct 2026 | Register entry for IG Europe GmbH (opens in a new tab) 2 |
| Australian Securities and Investments Commission (ASIC) | AFSL 515106 | IG Australia Pty Ltd | Authorised Checked 4 Oct 2026 | Register entry for IG Australia Pty Ltd (opens in a new tab) 3 |
| Monetary Authority of Singapore (MAS) | No reference | IG Asia Pte Ltd | Authorised Checked 4 Oct 2026 | Register entry for IG Asia Pte Ltd (opens in a new tab) 4 |
| Swiss Financial Market Supervisory Authority (FINMA) | No reference | IG Bank S.A. | Authorised Checked 4 Oct 2026 | Register entry for IG Bank S.A. (opens in a new tab) 5 |
| Bermuda Monetary Authority (BMA) | 54814 | IG International Limited | Authorised Checked 4 Oct 2026 | Register entry for IG International Limited (opens in a new tab) 6 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
IG’s main companies are well documented. We matched its UK companies on the FCA’s register and its German, Australian, Singapore, Swiss and Bermuda companies on their regulators’ registers; only the Dubai, Japanese and New Zealand licences could not be checked. Ownership is transparent: IG Markets is wholly owned, through Market Data Limited, by IG Group Holdings plc, a listed company that publishes audited accounts and regulatory disclosures. Costs, client money arrangements and negative balance protection are clearly disclosed, and the ombudsman upheld about a fifth of the 76 decisions it published on IG’s two UK companies over three years. In 2023 IG Australia was one of seven CFD issuers that self-reported breaching Australia’s CFD leverage limits and compensated affected clients; it is also on the Reserve Bank of India’s alert list of unauthorised forex platforms. IG Group’s corporate website still attributes its Australian licence to IG Markets Ltd, and the UK customer agreement gives an old registered address.
Each regional website names the company that provides each type of account, with its licence, and each customer agreement names the contracting company.
Both the UK and international agreements say client money is held under client money rules in pooled client bank accounts, separate from IG’s own money.
IG Markets Limited is wholly owned by Market Data Limited, and the ultimate parent of the group’s companies is IG Group Holdings plc, a listed company. Companies House confirms Market Data Limited as the person with significant control.
Every register we checked shows the companies as currently authorised, with no suspension or restriction.
Full legal names, company numbers and registered addresses are published for the UK, Australian and Bermuda companies.
Reduced the enforcement dimension by 2 points (low severity, 0.9 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 2.9 years before the review).
Partly met We matched seven of IG’s ten client-facing companies on official registers: IG Markets, IG Index and IG Trading and Investments on the FCA’s list, IG Europe on BaFin’s database, IG Australia in ASIC’s licensee data, IG Asia in MAS’s directory, IG Bank on FINMA’s list and IG International on the BMA’s register. We could not check IG Limited (DFSA), IG Securities (JFSA) or IG Australia’s New Zealand licence.
Not met The agreements say client money is held at selected third-party banks, possibly outside the UK or Bermuda, but do not name them.
Partly met The licences IG’s client-facing websites claim match the registers. But IG Group’s regulation page says IG Markets Limited holds the Australian and New Zealand licences, while ASIC’s data and IG’s Australian site show them held by IG Australia Pty Ltd. The Dubai and Japanese claims could not be checked.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 1234567
We matched seven of IG’s ten client-facing companies on official registers: IG Markets, IG Index and IG Trading and Investments on the FCA’s list, IG Europe on BaFin’s database, IG Australia in ASIC’s licensee data, IG Asia in MAS’s directory, IG Bank on FINMA’s list and IG International on the BMA’s register. We could not check IG Limited (DFSA), IG Securities (JFSA) or IG Australia’s New Zealand licence.
Permissions cover the services offered 12346
BaFin, ASIC, MAS and the BMA list permissions that cover dealing in CFDs or OTC derivatives as principal and holding client assets. The FCA’s published list does not show permissions, so we could not confirm the scope of the UK companies from the register itself.
Regulatory claims on the website are accurate 3789
The licences IG’s client-facing websites claim match the registers. But IG Group’s regulation page says IG Markets Limited holds the Australian and New Zealand licences, while ASIC’s data and IG’s Australian site show them held by IG Australia Pty Ltd. The Dubai and Japanese claims could not be checked.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Withdrawal terms are disclosed 16
IG publishes that deposits and withdrawals by bank transfer, debit card and credit card are free, with per-transaction limits. We did not find processing times in the documents reviewed.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 4 points.
Warning lists and enforcement records have been searched 17181920
We searched the enforcement records and warnings of the FCA, ASIC, CySEC and Brazil’s CVM, ran web searches for actions by IG’s other regulators, and checked the Indian and Malaysian alert lists. The searches are cited with their dates.
Named on the Reserve Bank of India’s alert list of unauthorised forex platforms 19
19 Nov 2025. Reduced the enforcement dimension by 2 points (low severity, 0.9 years before the review).
IG Australia compensated clients after self-reporting CFD leverage limit breaches 20
9 Nov 2023. Reduced the enforcement dimension by 2 points (low severity, 2.9 years before the review).
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
A complaints procedure is published 21
IG publishes how to complain, by email, and aims to resolve complaints within eight weeks.
Complaint data is disclosed 2124
IG does not publish complaint statistics in the pages we reviewed, and its companies are below the thresholds for the FCA’s and the ombudsman’s firm-level complaint tables. AFCA publishes complaint figures for the financial firms that are its members, but its data site refused our requests, so we could not check the Australian company.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Costs are disclosed before account opening 16
Spreads, overnight funding, guaranteed stop premiums, the currency conversion fee and the absence of an inactivity fee are published before account opening.
An order execution policy is published 25
A summary order execution policy and a conflicts policy summary are published.
Leverage and margin terms are disclosed 11
The UK agreement discloses the retail close-out level (50% of margin). We did not find maximum leverage by client category in the documents we reviewed.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
An address and working contact channels are published 81113
Addresses and contact channels are published, but they are not fully consistent: the UK footer gives 88 Wood Street, London EC2V 7QR, Companies House records EC2V 7DA, and the UK customer agreement still gives the former Cannon Bridge House address.
Material changes are communicated 11
IG amends the UK agreement by written notice, and clients can object within 10 business days.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Financial Conduct Authority (FCA) · Reference 195355 1
Listed as Authorised in the FCA's investment firms register, first authorised 1 December 2001. The FCA's published list does not show permissions.
Financial Conduct Authority (FCA) · Reference 114059 1
Listed as Authorised in the FCA's investment firms register, first authorised 1 December 2001.
Financial Conduct Authority (FCA) · Reference 944492 1
Listed as Authorised in the FCA's investment firms register, first authorised 23 December 2021.
Federal Financial Supervisory Authority (BaFin) (BaFin) · Reference BaFin-ID 10148759 2
Investment firm (Wertpapierinstitut): proprietary trading, principal broking, contract broking and investment broking since 26 June 2021, foreign exchange business since 12 April 2024, and crypto-asset services under MiCA since 21 November 2025.
Australian Securities and Investments Commission (ASIC) · Reference AFSL 515106 3
Deal in and make a market for derivatives and foreign exchange contracts, general advice, and custodial services, for retail and wholesale clients.
Licence start date 2 June 2020.
Financial Markets Authority (FMA) · Reference FSP 684191
Derivatives issuer licence (as stated by IG)
The FMA website refused our requests on 4 October 2026.
Monetary Authority of Singapore (MAS) 4
Capital markets services licence: dealing in capital markets products (securities, collective investment schemes, over-the-counter derivatives) and providing custodial services; exempt financial adviser.
Swiss Financial Market Supervisory Authority (FINMA) 5
Bank
Listed among authorised banks, marked as foreign controlled, and not marked as about to cease operations.
Bermuda Monetary Authority (BMA) · Reference 54814 6
Investment business licence; digital asset business licence (Class F) effective 18 February 2020.
Dubai Financial Services Authority (DFSA)
Arranging deals, providing custody and dealing as principal on a matched principal basis (as stated by IG Group)
The DFSA website refused our requests on 4 October 2026.
Financial Services Agency (JFSA)
IG Group states that IG Securities is regulated by the JFSA for securities and currencies. We did not check the JFSA's register.
No licence recorded for this entity.
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
The Reserve Bank of India’s Alert List, updated as on 19 November 2025, includes IG Markets (www.ig.com) among entities that are neither authorised to deal in forex under the Foreign Exchange Management Act nor authorised to operate a forex trading platform in India. The list warns residents but does not allege fraud.
On 9 November 2023 ASIC reported that IG Australia (IG Markets Limited and IG Australia Pty Ltd) was one of seven CFD issuers that self-reported issuing CFDs to retail clients with leverage above the limits in ASIC’s CFD product intervention order, and that undertook remediation programs to compensate affected clients under ASIC’s review. ASIC did not impose a penalty. We record it as a settled matter of low severity because the breaches were self-reported and remediated.
Firms can respond to their profile and to any finding. No response has been published for IG. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 6 Oct 2026 | Trust score 84 out of 100 Strong | 1.2 | Current |
No corrections have been made to this profile.
The FCA's downloadable list of MiFID investment firms shows IG Markets Limited (FRN 195355), IG Index Limited (FRN 114059) and IG Trading and Investments Limited (FRN 944492) with status Authorised. The list does not include permissions.
Lists IG Europe GmbH, Westhafenplatz 1, Frankfurt, as an investment firm and crypto-asset service provider (BaFin-ID 10148759). Current authorisations include proprietary trading, principal broking, contract broking and investment broking from 26 June 2021, foreign exchange business from 12 April 2024, and crypto-asset services under MiCA from 21 November 2025.
ASIC's weekly licensee dataset lists AFSL 515106 held by IG Australia Pty Ltd (ABN 93096585410), Melbourne, from 2 June 2020, authorising it to deal in and make a market for derivatives and foreign exchange contracts and to provide custodial services to retail and wholesale clients. The dataset contains no licence held by IG Markets Limited.
Lists IG Asia Pte Ltd as a capital markets services licensee for dealing in capital markets products (securities, collective investment schemes and over-the-counter derivatives) and providing custodial services, and as an exempt financial adviser. Names Matthew Thomas Macklin as chief executive officer.
Lists IG Bank S.A., Geneva, as an authorised bank under foreign control. It is not marked as about to cease operations.
Lists IG International Limited, Hamilton House, 10 Queen Street, Hamilton, among licensed investment business entities, and as a Class F digital asset business (registration number 54814, effective 18 February 2020).
Describes the licences of the group’s companies in the UK, Germany, Switzerland, Dubai, Singapore, Japan, Australia and New Zealand, the US and Bermuda. It states that IG Markets Limited is regulated in Australia by ASIC under an Australian Financial Services Licence and in New Zealand by the FMA, which does not match ASIC’s dataset or IG’s Australian website, where the licences are held by IG Australia Pty Ltd.
States that CFD accounts are provided by IG Markets Ltd, spread betting by IG Index Ltd and share dealing by IG Trading and Investments Ltd, with company numbers 04008957, 01190902 and 11628764, FCA register numbers 195355, 114059 and 944492, and a registered address at 88 Wood Street, London EC2V 7QR. Shows the warning that 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. The page title calls IG the UK’s No.1 trading provider without a stated basis.
States that the site is operated by IG Australia Pty Ltd, ABN 93 096 585 410, AFSL 515106, Level 32, 376-390 Collins Street, Melbourne, which also holds a New Zealand derivatives issuer licence (FSP 684191), and that IG Australia is part of IG Group Holdings plc.
States that CFD accounts are provided by IG International Limited, licensed by the Bermuda Monetary Authority, that its ultimate parent is IG Group Holdings plc and that it receives services from IG Markets Limited. Calls IG the world’s No.1 CFD provider, footnoted as based on revenue in published financial statements (August 2024). Shows a 70% retail loss figure.
Agreement between the client and IG Markets Limited (FCA 195355). Retail clients cannot lose more than the funds in their account; retail positions can be closed when the account balance falls to 50% of the margin requirement. Client money is held under the FCA client money rules in pooled client bank accounts at third-party banks that are not named, possibly outside the EEA. Complaints can be referred to the Financial Ombudsman Service, and the FSCS is mentioned. IG may amend the agreement by written notice; the client can object within 10 business days. The agreement still gives the old registered address, Cannon Bridge House, 25 Dowgate Hill.
Agreement with IG International Limited, registered in Bermuda under No. 54814. Retail clients cannot lose more than the funds in their account. Client money is held in pooled client bank accounts at third-party banks, possibly outside Bermuda. Complaints go to IG’s compliance department; the agreement names no ombudsman, independent dispute body or compensation scheme.
Active private limited company incorporated on 1 June 2000, registered office 88 Wood Street, London EC2V 7DA, last accounts made up to 31 December 2025. Lists 12 active officers, including directors appointed between 2021 and 2026, and Market Data Limited (05022252) as the person with significant control, holding 75% or more of the shares and voting rights.
Regulatory disclosures under MIFIDPRU 8 covering risk management, governance, own funds and remuneration. States that IG Markets Limited is a wholly owned subsidiary of Market Data Limited and that its ultimate parent company is IG Group Holdings plc.
The group’s annual report for the transitional seven-month period to 31 December 2025, after a change of financial year end.
Publishes variable spreads by market, overnight funding (interbank rate plus an IG admin fee of 1% to 3.4% depending on product and asset class), guaranteed stop premiums, a 0.8% currency conversion fee for CFD and spread bet accounts, free deposits and withdrawals by bank transfer and cards with per-transaction limits, and no inactivity fee.
A direction under section 138A of FSMA, issued by the FCA’s waivers team, modifying the prudential definition of a significant IFPRU firm for the two companies from 17 January 2020 to 16 January 2023. It is a rule modification, not a disciplinary measure.
On 4 October 2026 we searched the FCA’s website for final notices and warnings, ASIC’s website, CySEC’s 1,173 board decisions and Brazil’s CVM alerts, and ran web searches for sanctions by BaFin, MAS, FINMA, the JFSA, the CFTC and NFA, for IG Markets, IG Index, IG Europe, IG Australia, IG Asia, IG Securities and IG International. Apart from ASIC’s 2023 report on self-reported leverage breaches, cited separately, we found no fine, sanction or enforcement action against these companies. CySEC withdrew the licence of BrightPool Ltd, a former IG group market maker, on 13 October 2025 because the company renounced it; IG’s websites no longer present BrightPool.
Lists entities that are neither authorised to deal in forex under the Foreign Exchange Management Act nor authorised to operate electronic trading platforms for forex in India. Entry 24 is IG Markets, https://www.ig.com.
ASIC reports that seven CFD issuers, including IG Australia (IG Markets Limited and IG Australia Pty Ltd), self-reported issuing CFDs to retail clients above the leverage limits in ASIC’s CFD product intervention order and paid or agreed to pay a combined AUD 4.3 million to more than 1,500 affected clients since March 2021. ASIC reviewed the compensation; four of the issuers, not named, paid more than AUD 2.8 million in additional compensation as a result.
Complaints can be made to complaintsuk@ig.com; IG aims to resolve them within eight weeks, after which, or if the client is unhappy with the response, the client can go to the Financial Ombudsman Service.
The ombudsman published 35 final decisions about IG Markets Limited between 4 October 2023 and 4 October 2026: 11 upheld and 24 not upheld.
The ombudsman published 41 final decisions about IG Index Limited between 4 October 2023 and 4 October 2026: 6 upheld and 35 not upheld.
Neither dataset includes an IG company: the FCA publishes firm-level figures only for firms reporting 500 or more complaints in the half year, and the ombudsman only for businesses with at least 45 new and resolved cases in the period.
Summarises how IG executes orders and the steps taken to obtain the best possible result for clients. A separate conflicts policy summary is published on the same terms page.
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