IG Review 2025: How to Open a Demo/Live Account and Withdraw Money?

Note: IG does not offer services to residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

If you are not a resident of the above countries and have an interest in IG, you can first have a quick look at IG's key points via the table below and then continue reading the body part to learn more about its accounts and withdrawal. We hope this article is helpful to you.

	Quick IG Review Summary
Founded	1974
Registered	UK
Regulation	ASIC (Australia), FCA (UK), FSA (Japan), FMA (New Zealand), MAS (Singapore), DFSA (UAE)
Trading Instruments	17,000+, forex, indices, shares, commodities, cryptocurrencies
Demo Account	✅
Account Minimum	$0
Maximum Leverage	1:400
Spread	Variable from 0.6 pips
Trading Platform	L2 dealer, ProRealTime, MT4, TradingView
Deposit & Withdrawal Fee	❌

IG Demo Account

In any case, we advise every trader to get started with a risk-free demo account. A demo account is ideal for traders to familiarize themselves with the trading platforms.

IG offers free demo accounts with a default balance of $20,000 and no usage limit.

How to Open an IG Demo Account? (Step-by-step)

Opening an IG demo account is quite easy, and you don't need to offer too much information. Only take two steps, and then you can own it.

Step 1: Go to IG's website and click the 'Demo account' button.

Step 2: Fill in the required information, including your name, username, password, main contact number, email address, and country of residence. If you'd like to receive information from IG Group companies about trading ideas and their products and services via email, you can tick 'Yes'; if not, tick 'No'. Click the 'Try our demo' button.

Now, you have a demo account! You can click the 'Open MyIG' to see details.

IG Account Types

Unlike other brokers, IG does not set clear account types on their website. From the limited info revealed openly, we found that IG offers two types of Corporate accounts, CFD and MT4, and a Joint account. However, the information on detailed account features is unclear. If you are interested in IG account types, you have to contact their customer support to know further.

How to Open an IG Live Account? (Step-by-step)

Compared to the IG demo account opening, IG trading account opening is relatively complex because IG requires more detailed information and you have to follow the directions step by step. The online registration takes 5-10 minutes, but the account verification can take a bit longer.

Step 1 - Create a live account: Go to IG's website and click the 'Create live account' or 'Live account' button on the homepage.

Fill in the required information, including your country of residence, name and email address. Create a username and password. Click the 'Next' button.

Step 2 - Personal details: Complete the personal details form, including your date of birth, place of birth, international dialling code, contact number, full ID card number, and country of nationality. Also, answer the question 'Are you a national of any other country?'. Click the 'Next' button.

Step 3 - Address details: Complete the address details form, including the first line of address, second line of address, city, and postal code. Click the 'Next' button.

Step 4 - Financial & Employment details: Complete the financial details and employment details forms. The required financial information includes your annual income, your savings and investments, the source of your dealing funds, and the purpose of this trading account. The required employment information includes your employment status, industry, and occupation. Click the 'Next' button.

Step 5 - Trading history:Provide information about relevant experience and professional & educational experience. Answer three questions: 'Over the past three years, to what extent have you traded shares and bonds/exchange-traded derivatives/OTC derivatives', 'How have you mostly traded these products', 'Do you have any experience or qualifications relevant to the understanding of our products?' Click the 'Next' button.

Carefully read the declaration and then tick 'I agree to all'. Click the 'Finish' button.

For a more intuitive understanding of IG's account opening, you can visit https://www.youtube.com/watch?v=8k3z7hknLpc

IG Deposit & Withdrawal

Once you complete the registration form, upload the required documents, finish the trading survey, and choose your account type, IG will promptly verify your account. After successful verification, youll need to fund your account to start trading.

How to Deposit into an IG Account?

To deposit funds, log in to MyIG, and click ‘add funds’ next to the account youd like to deposit into.

You can deposit funds with a credit/debit card, HK FPS or via bank transfer.

• Credit/debit Card

It is the quickest way to fund your account. Before funding you'll need to register your chosen card. You may have up to 5 cards listed on your account at a time, but each must be in your name and registered to the address you use for your IG account.

• FPS Hong Kong Dollars (HKD)

You can make deposits via FPS to IG in Hong Kong dollars, at no cost. This will typically take 1 business day. Note, HKD FPS is only available for Hong Kong bank accounts.

• Bank transfer

Bank transfers can take up to 3 days, depending on your bank. You can upload proof of payment if youd like to trade with the funds straight away.

IG charges no fees for deposits and the minimum deposit and deposit limit varies on the chosen method.

How to Withdraw from an IG Account?

To withdraw your funds, please log in to Open MyIG, go to the ‘live accounts’ tab, and select ‘withdraw funds’. Youre able to withdraw funds as a bank transfer (assuming all anti-money laundering regulations have been met), or back to a card account as a refund.

Please be aware that IG withdrawal times vary:

• Withdrawals by card typically take 2-5 bank working days
• Withdrawals by bank transfer can take 1-3 working days

IG charges no fees for withdrawals and the minimum withdrawal and withdrawal limit varies on the chosen method.

For further study on IG's deposits and withdrawals, please feel free to visit https://www.ig.com/en/help-and-support/deposits-and-withdrawals/

Is IG Legit and Safe?

IG offers multiple security measures, for example, client protection is up to £85,000 under the Financial Services Compensation Scheme (FSCS). It also adheres to global Anti-Money Laundering (AML) and Know Your Customer (KYC) standards. Besides, advanced encryption and multi-factor authentication are available.

As for regulations, IG is currently regulated by six reputable financial regulatory bodies in different jurisdictions where it operates. These regulatory bodies ensure that IG adheres to strict standards of financial stability, security, transparency, and fair trading practices.

To be specific,

• IG AUSTRALIA PTY LTD is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under license number 515106.
• IG MARKETS LIMITED is authorized and regulated by the Financial Conduct Authority (FCA) in the UK under license number 195355.
• ＩＧ証券株式会社 is authorized and regulated by the Financial Services Agency (FSA) in Japan under license number 関東財務局長（金商）第255号.
• IG AUSTRALIA PTY LTD is authorized and regulated by the Financial Markets Authority (FMA) in New Zealand under license number 684191.
• IG ASIA PTE LTD is authorized and regulated by the Monetary Authority of Singapore (MAS).
• IG Limited is authorized and regulated by the Dubai Financial Services Authority (DFSA) in the United Arab Emirates under license number F001780.

Regulated Country	Regulator	Regulated Entity	License Type	License No.
	ASIC	IG AUSTRALIA PTY LTD	Market Making (MM)	515106
	FCA	IG MARKETS LIMITED	Market Making (MM)	195355
	FSA	ＩＧ証券株式会社	Retail Forex License	関東財務局長（金商）第255号
	FMA	IG AUSTRALIA PTY LTD	Straight Through Processing (STP)	684191
	MAS	IG ASIA PTE LTD	Retail Forex License	Unreleased
	DFSA	IG Limited	Retail Forex License	F001780

You can verify IG's regulatory status and explore more details on WikiFX.

Comparison: IG vs Other UK Brokers

Logo
Broker	IG	FxPro	FXCM	ATFX
Regulation	ASIC, FCA, FSA, FMA, MAS, DFSA	CySEC, FCA	ASIC, FCA, CySEC, ISA	ASIC, SFC, FCA, CySEC, SCA (General Registration)
Product Offering	17,000+, forex, indices, shares, commodities, cryptocurrencies	Forex, crypto CFDs, metals, indices, futures, energy, shares	Forex, shares, commodities, indices, cryptocurrencies	Forex, precious metals, crude oil, indices
Demo Account	✅ ($20,000 virtual funds)	✅ (up to 100k in virtual funds, 180-day life span)	✅ ($20,000 of virtual money)	✅ ($100,000 demo money)
Account Minimum	$0	100 EUR/GBP/USD	$50	$200
Maximum Leverage	1:400	1:500	1:1000	1:30
Trading Platform	L2 dealer, ProRealTime, MT4, TradingView	FxPro Mobile App, FxPro WebTrader, MT4/5, cTrader	Trading Station, TradingView Pro, MT4, Capitalise AI	MT4
Promotion	❌	✅	✅	❌
Best for	Beginners	Beginners	Beginners	Experienced traders

FAQs

Is IG a good trading platform?

Yes. IG has over 40 years of experience and a good reputation in the forex market. It is also regulated well across the globe and offers multiple security measures. Beginners can find IG a good choice because it offers risk-free demo accounts with up to $20,000 in virtual funds and free educational resources.

What is the difference between IG demo and live accounts?

IG demo accounts offer risk-free trading, which is very friendly for beginners, while the live account is more suitable for traders who have some experience and can bear risks.

How long does an IG demo account last?

No limit.

How to withdraw from IG?

To withdraw your funds, please log in to Open MyIG, go to the ‘live accounts’ tab, and select ‘withdraw funds’.

How long does IG withdrawal take?

Withdrawals by card typically take 2-5 bank working days, while withdrawals by bank transfer can take 1-3 working days.