IG is a reputable broker that operates in many markets. In IG broker review was found out how this broker is regulated in Singapore and the United Kingdom. The registration numbers are listed for all types of regulation by FCA: IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059).
The broker is regulated in Singapore as IG Asia Pte Ltd (Co. Reg. No. 200510021K) and IG Markets Limited. ABN 84 099 019 851, AFSL 220440. Derivatives issuer licence in New Zealand, FSP No. 18923.
When it comes to depositing and withdrawing with IG, it is important to notice how this broker supports various methods for financial transactions. Traders can use credit cards (Visa, MasterCard), debit cards (Maestro, Visa-Delta, Solo, Electron), prepaid cards, various local methods of the transaction, bank wire, and cheques. Traders should keep in mind that not all payment methods are available for all countries.
According to the IG customer support, minimum withdrawal starts at 100, but traders can also withdraw smaller amounts after a certain procedure regarding smaller withdrawals. The agent explained how a special phone call is required in this case. Depending on the payment method, there may be some fee attached (like 1,5% fee on credit card transactions), but it is best to check all banking possibilities and fees on local IG websites.
Also, in IG broker review was found out how entire withdrawal procedure could use some explanation. FAQ or special tab regarding banking would come in handy for new and old users and traders.
When it comes to banking, traders should keep in mind that this broker is not accepting 3rd party payments. Also, when traders are registering for a real account, they must fill a form regarding their personal data and trading experience. Such practice shows that IG really is a serious broker.