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If you\u2019re looking for an established Jack-of-all-trades broker, IG might be of interest. On top of conventional share dealing and CFD services, the platform also offers a spread betting arena. All three divisions come with a highly extensive number of financial instruments that runs into the tens of thousands. This covers heaps of stock exchange marketplaces, indices, hard metals like gold and silver, energies, digital currencies, and more.<\/p>\n
The specific trading fees that you pay will depend on the asset that you want to access. For example. all CFD products can be traded on a commission-free basis \u2013 apart from equities. This will be charged on a variable basis \u2013 which is calculated against the size of your order.<\/p>\n
If you are trading small volumes, this can be costly as IG has a minimum commission in place when trading stock CFDs. However, spreads are competitive, with forex CFDs starting at 0.6 pips during standard market hours.<\/p>\n
Although IG is located in the UK, it is popular with South African traders of all shapes and sizes. Newbie investors typically use the IG proprietary web platform, while seasoned traders use MT4. Minimum deposits are slightly higher at \u00a3250, or about 5,400 rands. Supported South African payment methods include a debit\/credit card or bank account.<\/p>\n