About IG - CFDs Broker and Cryptocurrency Trading

IG operates as a contracts for difference (CFDs) broker, facilitating trading across various products, including cryptocurrencies. As a public company, IG is listed on the FTSE 250.

CFDs offer traders the ability to speculate on assets without direct ownership. This method allows for substantial leverage application and the option to take short positions, providing an advantage compared to most cryptocurrency trading services.

Cryptocurrency CFD Offerings and Fees

IG presents a range of cryptocurrency CFD products, although fewer compared to major competitors like eToro and IQ Option. Offerings encompass Ripple, Bitcoin, Litecoin, Ethereum, NEO, Stellar, and EOS, tradable against multiple fiat currencies including EUR, GBP, and USD.

Fees exhibit variability across products, yet the spreads generally demonstrate higher liquidity than competitor products, often in the vicinity of 0.5%. In contrast, competitors like IQ Option feature spreads exceeding 10%. IG applies nightly financing fees, comparatively lower than competitors.

Margin Requirements for Professionals and Non-Professionals

Distinct margin requirements apply for professionals and non-professionals. Non-professionals must provide a 50% margin based on the position value. Professionals, defined as IG's professional clients, have the privilege of utilizing higher leverage and lower margin requirements.

Professional clients can apply varying levels of leverage with Bitcoin, for example, requiring a minimum margin of 13.5%.