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      Chris Cammack
      Edited by
      Author
      Chris Cammack
      Edited by
      Chris Cammack
      Partner Manager and Financial Writer

      <p>Chris manages the relationships with our partners to provide our users with the best Forex trading experience possible. Chris has 15+ years of experience in research, editorial and design for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.</p>

      Learn more about Chris Cammack
      Author
      Author
      Alison Heyerdahl
      Head of Content
      Learn more about Alison Heyerdahl

      IG

      Best For: Advanced Zambian traders looking to simulate multi-asset trading on a powerful proprietary platform

      IG
      4.69
      How we review
      Accepts Zambian Clients. Average spread EUR/USD 0.85 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. IG, MT4, TradingView, and L2 Dealer platforms supported. IG Group is regulated by FCA, ASIC, and the BMA. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
      Visit Broker Compare Now
      69 of retail CFD accounts lose money with this provider

      Min deposit

      USD 0

      Regulated By

      FCA, ASIC, FSCA, MAS, DFSA ( )
      FSA-Japan, CFTC, FINMA, FMA, BaFin, BMA

      Trading Cost

      USD 6

      Leverage

      30:1

      Copy Trading

      No

      Platforms

      MT4, L2 Dealer, TradingView

      Instruments

      Bonds, Commodities, Cryptocurrencies, Digital 100s, Stock CFDs ( )
      ETFs, Forex, Indices, Interest Rates

      IG Broker Review

      Founded in London in 1974, IG is a global leader in online trading, known for its competitive pricing, powerful platforms, and access to over 17,000 markets. While IG holds licences from top-tier regulators, Zambian traders are onboarded through IG International Limited, regulated by the Bermuda Monetary Authority (BMA).
      

      Trading under the Bermuda entity gives Zambian clients access to IG’s full global product range, including forex, indices, shares, commodities, ETFs, and bonds—often with higher leverage limits than are available under stricter regulatory jurisdictions. All instruments are accessible through IG’s award-winning proprietary platforms, MetaTrader 4, L2 Dealer for direct market access, and TradingView integration.
      

      IG offers a single multi-asset account with no minimum deposit requirement and spreads starting from 0.6 pips on EUR/USD. Traders also benefit from advanced tools such as ProRealTime charting, Autochartist, and integrated Reuters news, alongside a comprehensive library of educational resources and market analysis. However, Zambian traders should be aware that offshore regulation provides few investor protections.
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      Accepts Zambian Clients. Average spread EUR/USD 0.85 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. IG, MT4, TradingView, and L2 Dealer platforms supported. IG Group is regulated by FCA, ASIC, and the BMA. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
      Broker Award

      IG - Best Trading Conditions

      Trading conditions at IG are unparalleled in the industry. The sheer volume of tradable instruments available is staggering. Not only does IG offer one of the widest selections of shares to trade in the industry – over 17,000 and rising – but it also offers some unique features such as weekend trading on major pairs and innovative CFDs such as Sectors and the Crypto Index. Trading costs are low, with IG’s standard CFD account featuring commission-free spreads as low as 0.75 pips on the EUR/USD.

      Pros

      • Well regulated
      • Tight spreads
      • Great platform choice
      • Excellent education
      • Excellent market analysis

      Cons

      • High minimum deposit

      IG | Best Trading Conditions

      Rating Reviews
      4.69

      IG Overall Summary

      Trust Rating
      5
      Trading Conditions
      4.5
      Platforms
      4.5
      Education
      5
      Beginner Friendly
      4
      Assets Available
      5
      Analysis Research
      5
      Deposit & Withdrawal
      5
      Overall Rating
      4.69
      / 5
      Base Currencies
      AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD, ZAR
      Number of FX Pairs
      80
      Crypto Pairs
      10
      Copy Trading
      No
      Hedging Allowed
      Yes
      Scalping Allowed
      Yes
      Islamic Account
      Yes
      Account Name
      Live Account
      Commission
      Fees Included in Spread
      EUR/USD
      0.85
      GBP/USD
      1.40
      USD/JPY
      0.94
      Negative Balance Protection
      Yes
      Company Name
      IG Markets Ltd
      Founded
      1974
      Website
      www.ig.com
      Website Language
      English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
      Support Language
      English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
      Office Locations
      South Africa, United Kingdom
      Support Email Address
      [email protected]

      Deposit & Withdrawal

      banktransfer
      visa
      mastercard
      paypal

      Supported Platforms

      Best MetaTrader 4 Forex Brokers
      L2 Dealer
      TradingView
      IG

      Ready to trade with IG?

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      IG is regulated by 17 national authorities and is publicly listed on the London Stock Exchange, making it one of the most regulated brokers.

      Is IG Regulated?

      Regulatory Overview: IG is licensed and regulated in multiple jurisdictions worldwide, including:

      • Financial Conduct Authority (FCA) – IG Markets Limited (UK)
      • Australian Securities and Investments Commission (ASIC) – IG Markets Ltd (Australia)
      • Monetary Authority of Singapore (MAS) – IG Asia Pte Ltd (Singapore)
      • Bermuda Monetary Authority (BMA) – IG International Limited (Bermuda)

      Regulation for Zambian Traders: Zambian clients are onboarded through IG International Limited, regulated by the Bermuda Monetary Authority. This offshore arrangement allows IG to offer higher leverage and a wider selection of instruments than would be possible under stricter Tier-1 regulation.

      Client Protection Measures

      • Segregated Funds: Client deposits are held in segregated accounts, separate from IG’s own funds.
      • Negative Balance Protection: Traders cannot lose more than their deposited capital.
      • Offshore Oversight: While the BMA provides regulatory supervision, it does not offer the same investor protection schemes or dispute resolution mechanisms as Tier-1 regulators like the FCA or ASIC.

      IG is a financially secure broker with a long history of reliable service, but Zambian traders should note that offshore regulation means reduced investor protections compared to local or top-tier oversight.

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      IG’s Trading Instruments

      The sheer volume of tradable instruments available at IG is staggering. Not only does IG offer one of the widest selections of shares to trade in the industry, but also offers weekend trading on major Forex pairs.

      Available Assets and Leverage

      Overview: Zambian clients onboarded through IG International Limited (Bermuda) have access to one of the largest ranges of CFD instruments in the industry, covering over 17,000 markets worldwide. These include forex pairs, indices, shares, commodities, cryptocurrencies, ETFs, and bonds, all available with the flexibility to go long or short. IG also offers weekend trading on GBP/USD, USD/JPY, and EUR/USD.  Spreads are higher over the weekend (averaging 6 pips on the EUR/USD) and are fixed. 

      • Forex: Over 80 currency pairs, including majors (EUR/USD, GBP/USD), minors (AUD/JPY, EUR/GBP), and exotics such as USD/ZAR and EUR/ZAR. Maximum leverage is up to 1:200 for retail clients under BMA regulation.
      • Indices: Trade CFDs on more than 30 global stock indices, including the S&P 500, NASDAQ 100, FTSE 100, DAX 40, and Nikkei 225. Major indices have leverage up to 1:200.
      • Shares: Thousands of share CFDs from major exchanges in the US, UK, Europe, Australia, and Asia. Leverage up to 1:20, with variable commission rates depending on the market.
      • Commodities: Includes metals (gold, silver, platinum), energy products (crude oil, natural gas), and soft commodities (coffee, cocoa, cotton). Leverage up to 1:100.
      • Cryptocurrencies: Major crypto CFDs such as Bitcoin, Ethereum, Litecoin, and Ripple, with leverage up to 1:20. Crypto CFDs are available 24/7, excluding maintenance periods.
      • ETFs and Bonds: Wide selection of global ETFs and bond CFDs, enabling diversified strategies across asset classes.

      Because Zambian clients trade via IG’s offshore Bermuda entity, they benefit from high leverage limits. However, higher leverage significantly increases risk, and traders should use it cautiously to avoid rapid losses.

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      IG Accounts and Trading Fees

      IG only offers a single trading account, but its trading fees are low compared to other Forex brokers.

      Opening an Account at IG

      All Zambian traders are eligible to open an account at IG, and with no minimum deposit required, new traders don’t have to worry about funding the account right away.

      It took us about 15 minutes to open an account at IG, but our accounts were only ready for trading once our documentation had been verified, which took two days. However, we were pleasantly surprised to receive a phone call from customer service to assist with any troubleshooting issues. 

      Trading Accounts

      Zambian clients trading via IG International Limited (Bermuda) have access to a single CFD trading account for all instruments. This account has no minimum deposit, low trading costs, and high leverage limits.

      CFD Trading Account

      IG operates a single multi-asset CFD account for retail clients under BMA regulation. The account features:

      • Minimum Deposit: None, though IG recommend starting with at least 300 USD (or currency equivalent)
      • Leverage: Up to 1:200 on forex pairs, 1:100 on commodities, and 1:20 on shares and cryptocurrencies
      • Spreads: From 0.6 pips on EUR/USD, with typical spreads averaging 0.8–1.0 pips during peak trading hours
      • Commissions: No commission on forex, indices, or commodities – costs are included in the spread; share CFDs have variable commissions depending on the exchange
      • Base Currencies: USD, GBP, EUR, AUD, SGD 

      Trading Platforms

      This account can be accessed via IG’s proprietary web platform, mobile trading app, MetaTrader 4 (MT4) or TradingView. The proprietary platform includes advanced charting tools, integrated news feeds, and risk management features.

      Demo Account

      IG offers a free demo account with USD 10,000 in virtual funds. The demo mirrors live market conditions and is available on all platforms, allowing traders to test strategies before committing real capital.

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      IG's Trading Platforms and Trading Tools

      IG supports four trading platforms across mobile and desktop devices, including its own web-based platform and MT4. It also offers the L2 Dealer platform for DMA trading as well as TradingView integration.

      Mobile Trading Apps

      Zambian traders can choose between the IG Trading mobile app, the MetaTrader 4 (MT4) mobile app, and TradingView’s mobile platform. All are available for iOS and Android devices, providing flexibility for trading on the go. L2 Dealer is only available on desktop.

      IG Trading App

      The IG Trading app is the broker’s proprietary mobile platform, designed for intuitive navigation and fast execution. Key features include:

      • Real-time quotes and interactive charts with advanced drawing tools
      • Integrated news and market analysis from Reuters
      • Full account management, including funding and withdrawals
      • Customisable watchlists and price alerts
      • Risk management tools such as stop-loss and limit orders

      The IG app is best suited for traders who want a powerful, all-in-one mobile trading solution with direct access to IG’s full range of over 17,000 markets.

      MetaTrader 4 (Mobile)

      MT4 mobile provides a familiar environment for traders who prefer MetaQuotes’ popular platform. Features include:

      • Advanced charting with multiple timeframes
      • Access to 30+ built-in technical indicators
      • One-tap trading and pending order management
      • Seamless integration with the MT4 desktop version

      MT4 mobile is ideal for traders who already use MT4 on desktop and want a consistent experience across devices.

      TradingView (Mobile)

      IG clients can link their accounts to TradingView’s mobile app to combine IG’s execution and market range with TradingView’s advanced charting environment. Features include:

      • Interactive charts with hundreds of built-in and community-created indicators
      • Custom strategies and alerts using Pine Script
      • Trade execution directly from charts
      • Access to TradingView’s global community and trade ideas

      TradingView mobile is ideal for traders who value in-depth charting, social trading ideas, and a modern, visually driven interface.

      Trading Platforms Comparison

      Broker
      Platform Choice
      Copy Trading
      Platforms
      IG
      4.5
      / 5
      Read Review
      No
      MT4, L2 Dealer, TradingView
      FxPro
      5
      / 5
      Read Review
      Yes
      MT4, MT5, cTrader, FxProEdge
      AvaTrade
      4.5
      / 5
      Read Review
      Yes
      MT4, MT5, Avatrade Social, AvaOptions

      Desktop Trading Platforms and Trading Tools

      IG’s platform lineup won it the award for Best Multi-Platform Provider at the ADVFN International Financial Awards for four years in a row.

      IG Proprietary Web Platform

      IG’s proprietary web-based platform is designed for speed, reliability, and ease of use. It features:

      • Advanced charting with multiple layouts and technical analysis tools
      • Integrated market news, analysis, and economic calendar
      • Customisable trading workspace
      • Direct access to over 17,000 markets
      • Built-in risk management tools, including guaranteed stop-loss orders (GSLOs)

      MetaTrader 4 (Desktop & Web)

      MT4 remains a popular choice for algorithmic traders and those who rely on custom indicators or automated trading strategies. Key features include:

      • Support for Expert Advisors (EAs) and algorithmic trading
      • Comprehensive charting with multiple indicators and drawing tools
      • One-click trading and customisable templates
      • Backtesting for trading strategies

      TradingView Integration

      Zambian traders can connect their IG account directly to TradingView, enabling:

      • Advanced, interactive charting with hundreds of built-in indicators
      • Custom scripting via Pine Script
      • Placing and managing trades directly from TradingView charts
      • Access to TradingView’s global trader community and ideas

      L2 Dealer Platform

      L2 Dealer is IG’s direct market access (DMA) platform, designed for professional traders seeking advanced order control and deeper market transparency. Features include:

      • Full market depth for supported assets
      • Advanced order types, including pegged and iceberg orders
      • Streaming prices from multiple liquidity providers
      • Level 1 and Level 2 market data

      Note: L2 Dealer requires specific account approval and is primarily intended for high-volume or professional traders.

      Trading Tools

      • ProRealTime: Advanced charting package with over 100 indicators and automation tools, free for active traders.
      • Autochartist: Market scanning and pattern recognition for trade idea generation.
      • Trading Signals: Available via MT4 and IG’s proprietary platform.
      • Economic Calendar: Integrated across all platforms for tracking key events.
      • Reuters News Feed: Embedded in IG’s proprietary platform for real-time market news.

      With proprietary, third-party, and specialist DMA platforms available, IG offers Zambian traders a comprehensive suite of trading options under its Bermuda entity.

      [ls_post post_type_identifier=”postlistview” post_identifier=”broker-review-research”

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      IG Deposits and Withdrawals

      IG charges no deposit or withdrawal fees for bank wires, but credit card and PayPal deposit fees are higher than other brokers. 

      Account Currencies and Funding Options

      In line with Anti-Money Laundering policies, IG returns all non-profit funds to the original deposit source. 

      Accepted Deposit Currencies: While IG does allow traders to select different base currencies other than USD, new accounts are always denominated in USD by default. This can only be changed by emailing the IG support team with your name, date of birth and address, and the account number you would like to change.

      This obviously takes some time and is a serious hassle for traders who trade exclusively in specific CFDs and want to avoid the 0.5% conversion fee. 

      While withdrawal costs are low and withdrawal times are average for the industry, IG does charge fees on deposits via credit card.

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      IG’s Education and Market Analysis

      IG’s educational section is more detailed and better-structured than most other brokers and is suited to both beginners and more experienced traders. 

      Education

      IG has plenty of current and accessible educational material for beginner traders. Reports and daily analysis are emailed to anyone who signs up, and 24-hour support is available.

      IG has a wide variety of educational materials to get traders started.  These include the IG Academy, a section on Managing Your Risk, a Trading Strategy section, Webinars and Seminars, and a glossary of terms.  See below for details:

      • IG Academy: Online trading courses covering topics for beginner, intermediate and advanced traders. Live, structured classroom-style lessons are run daily and offer traders the opportunity to get personal feedback and interact with market analysts.
      • Managing your risk: IG provides several materials outlining how traders can reduce their risk. It also includes information on the various risk management tools offered at IG.
      • Trading Strategy: This section teaches traders how to look at the markets, use trading tools, and understand technical trading language.
      • Webinars and seminars: IG Market’s webinars and seminars help build traders’ confidence and cover topics ranging from platform walk-throughs to upcoming trading opportunities.
      • Glossary: The glossary provides comprehensive definitions and explanations of various financial terms.

       

      Education Comparison

      Broker
      Beginner Course
      Advanced Course
      Well Structured Education
      Education Quality
      Webinars
      IG
      Yes
      Yes
      Yes
      High
      Yes
      FxPro
      Yes
      No
      Yes
      Medium
      Yes
      AvaTrade
      Yes
      Yes
      Yes
      High
      Yes

      IG’s research and analysis are comparable with most other large brokers, with a constant feed of news and thoughts from the in-house trading team.

      Market Analysis

      News and trade ideas, trading strategy education, and analysis of upcoming financial events are frequently published at IG. The analysis is written by the IG Global team of analysts who have professional backgrounds in trading at some of the major investment banks.

      IG sends free Morning Call and The Week Ahead reports daily and weekly, respectively. Each promises to deliver an analysis of major economic events and corporate news before the opening of the markets.

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      IG’s Customer Service

      IG customer support is knowledgeable, responsive, and available 24 hours a day.

      24/7 Customer support

      Clients support is available by phone, email, Twitter, and live chat, 24hrs a day from 8 am Saturday to 10 pm Friday (GMT). In addition, the peer support platform offers assistance from other traders and IG staff in a forum discussion, which is an ideal additional resource for beginner traders who have questions about the platforms, analysis, and trading ideas.

      For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours, and the answer was relevant and to the point. We found the live chat agents were polite and responsive, and they were able to answer all our questions. After logging into the live chat, we were connected to an agent who replied to our message within 30 seconds.

      How Brokers Are Scored

      FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

      • Trust Rating: Assessment of broker reliability and reputation
      • Trading Costs: Spreads and fees for clear comparisons
      • Platforms: User-friendliness and features 
      • Asset Selection: Forex, stocks, and other available instruments
      • Deposit and Withdrawal: Simple and free deposits & withdrawals
      • Education: Support for beginners and developing traders
      • Customer Support: Accessibility, responsiveness, and expertise


      To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

      Why Our Reviews Set the Standard

      Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

      IG Risk Statement

      IG Risk Statement

      Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. IG would like you to know that: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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      Meet the Experts Behind Our Unbiased Reviews

      Chris Cammack

      Partner Manager and Financial Writer

      Chris Cammack

      Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education.


      With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users.


      He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

      Alison Heyerdahl

      Head of Content

      Alison Heyerdahl

      Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

      Ida Hermansen

      Financial Writer

      Ida Hermansen

      Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

      Stefan de Clerk

      Financial Writer

      Stefan de Clerk
      The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.
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