IG is a well-established trading platform in Australia, offering access to CFDs, forex, and direct share trading on ASX and major global markets under ASIC regulation.
With over 50 years of global operating history and a local Australian presence, IG is known for its robust trading platforms, broad market coverage, and strong risk management tools.
This IG review Australia explains whether IG is safe, how its fees compare, and who it is best suited for in 2026.
Quick verdict: How do we rate IG for users in Australia in 2026?
G is best for active traders and intermediate-to-advanced users who value robust platforms (IG platform, MT4, TradingView integrations/tools) and broad CFD coverage (forex, indices, shares, commodities, crypto CFDs).
It also suits Australians who want direct share trading alongside CFDs, including ASX and major overseas markets.
It’s not ideal if you only want lowest-cost CFD spreads, want CHESS sponsorship for ASX shares, or prefer simpler “set-and-forget” investing products like managed funds
Overall Rating: 4.2 / 5
Australia ratings breakdown
| Category | Score | Summary |
|---|---|---|
| Security & Trust | 4.5 / 5 | Regulated by ASIC in Australia, operating for over 50 years, and part of IG Group, a publicly listed company on the London Stock Exchange. Client funds are held in segregated accounts under trustee arrangements, though Australia does not offer a formal investor compensation scheme. |
| Fees & Pricing | 3.8 / 5 | Competitive for share trading, including $0 brokerage on ASX and global shares on some pricing plans. CFD spreads are not the cheapest, share CFD commissions can be high, and international share trades typically incur a 0.7% FX conversion fee. CFD inactivity fees may apply after two years. |
| Features | 4.4 / 5 | Very broad product range covering forex, indices, shares, commodities, ETFs, IPOs and crypto CFDs, plus direct share trading. Platform support includes IG’s proprietary platform, MT4, advanced charting tools, and strong education via IG Academy. |
| Ease of Use | 4.1 / 5 | Fast, fully digital account setup with access to a free demo account. Platforms are intuitive, but CFD trading adds complexity through leverage, margin, and risk controls such as guaranteed stops. |
| Customer Support | 3.6 / 5 | Support is available 24 hours from Sunday to Friday via phone, email and live chat. Service quality is generally professional, though response times can be inconsistent during busy periods. |
| Reputation | 4.2 / 5 | One of the most established brokers in Australia, with a strong global presence and industry recognition. Public company transparency supports trust, although service quality can vary during high-demand periods. |
Key information table: IG Australia
| Category | Details |
|---|---|
| Online broker | IG |
| Best for | Mixed investing and trading across shares and CFDs |
| Assets offered | Shares, ETFs, CFDs, forex, indices, commodities, crypto CFDs |
| Real assets vs CFDs | Both, with real share trading and CFDs clearly separated |
| Stock & ETF fees | $0 brokerage on ASX and global shares on standard pricing; FX fee ~0.7% on international shares |
| Derivatives pricing | Spread-based pricing on most CFDs; share CFD commissions apply (e.g. AU shares minimum per side) |
| Minimum deposit | $0 via bank transfer; from ~$100 AUD via card or PayPal |
| Account types | Share trading account, CFD trading account, Pro account, Corporate, Trust, SMSF |
| Platforms | Web platform, mobile app (iOS & Android), MetaTrader 4, advanced tools (e.g. ProRealTime, L2 Dealer where applicable) |
| Regulation | ASIC (Australia); globally regulated including FCA (UK) and other tier-1 authorities |
| Investor protection | No formal compensation scheme in Australia; protections rely on regulation and segregation |
| Fund segregation | Yes, client funds held in segregated trust accounts |
| Customer support | Phone, email, live chat; generally 24 hours Sun–Fri (limited Saturday coverage) |
| Not suitable for | Single-asset users or investors seeking CHESS-sponsored ASX shares or ultra-low CFD spreads |
Who should use IG and who should avoid it?
IG is suitable for Australians who want a single platform for both investing and active trading and are comfortable navigating a more advanced, derivatives-focused environment. It is less suitable if your priority is ultra-low costs, CHESS-sponsored shares, or simple long-term investing without exposure to leverage.
Good fit if
- You want mixed investing and trading in one platform: IG allows Australians to combine direct ASX and global share investing with CFD trading across forex, indices, commodities and crypto CFDs.
- You are an intermediate or advanced trader: The platform is designed for users who already understand order types, margin, leverage and risk controls rather than first-time investors.
- You value platform depth and professional tools: IG offers a proprietary web platform, mobile apps, MetaTrader 4 and advanced charting and alert tools that suit more active trading styles.
- You want broad market access: Australians can trade thousands of instruments, including more than 13,000 shares and a very wide range of CFD markets.
- You are comfortable paying slightly higher fees for stability and features: IG is not the cheapest provider, but appeals to users who prioritise regulation, execution reliability and long-term platform stability.
Avoid if
- You are a beginner who is not ready for leveraged products: IG’s core offering is CFDs, where leverage increases risk and a majority of retail traders lose money.
- You only want CHESS-sponsored ASX shares: IG uses a custodial model for Australian shares rather than CHESS sponsorship and does not issue a HIN.
- You are extremely fee-sensitive: CFD spreads and share CFD commissions can be higher than some competitors, which may not suit high-frequency or cost-focused traders.
- You trade international shares frequently and want minimal FX costs: The typical 0.7% foreign exchange fee on overseas share trades can add up for active global investors.
- You want a simple, beginner-first investing app: IG’s platform complexity and derivatives focus can feel excessive if you only want basic buy-and-hold investing.
Is IG suitable for beginners?
IG can be suitable for beginners in Australia who are willing to learn actively, but it is not a beginner-first platform due to its strong focus on CFDs and leveraged trading. New users benefit from solid onboarding, a demo account, and high-quality education, but the risks and platform complexity mean it suits cautious, motivated beginners rather than casual investors.
Ease of onboarding
Account setup with IG is fully digital and relatively quick, but beginners must complete suitability questions and knowledge checks before trading.
Australians can open an account online in minutes, with identity verification typically completed within a few business days, and there is no minimum deposit for bank transfers.
Interface simplicity
IG’s web and mobile platforms are clean and professional, but more complex than beginner-first investing apps.
The interface includes advanced order types, margin information, charts and alerts, which can feel overwhelming if you only want basic buy-and-hold investing.
Demo accounts
IG offers a free demo account with virtual funds, allowing beginners to practise without risking real money.
This is especially useful for learning how CFDs, stop losses, and margin work before trading live.
Education availability
IG provides one of the stronger education suites among large brokers.
IG Academy includes beginner courses, webinars, videos, platform tutorials and market explainers, helping new users understand both trading mechanics and risk management.
Risk warnings and safeguards
Risk warnings are prominent and clearly state that around 68–70% of retail traders lose money trading CFDs.
ASIC leverage limits apply to retail clients, negative balance protection is in place, and beginners may be restricted to limited-risk accounts that require guaranteed stops, which reduce risk but increase trading costs.
How IG compares to beginner-first platforms
Compared with beginner-focused platforms like simple ETF or share-only apps, IG is more powerful but less forgiving.
Beginner-first platforms prioritise simplicity and long-term investing, while IG prioritises flexibility, derivatives access and active trading tools.
Balanced conclusion
IG can work for beginners who are serious about learning trading and understand the risks of leverage, especially if they use the demo and education tools first.
However, if you are brand new to investing or only want simple, low-risk share or ETF investing, a beginner-first platform may be a better starting point before moving to IG later.
What are the pros and cons of using IG in Australia?
IG gives Australians access to a very broad mix of CFD trading and direct share investing under ASIC regulation, but the platform is more complex and not always the cheapest option. The table below summarises the key advantages and drawbacks in a clear, side-by-side format.
Pros and cons of IG Australia
| Pros | Cons |
|---|---|
| ASIC-regulated broker with a long operating history dating back to 1974, providing a high level of credibility and regulatory oversight for Australian users. | Australian shares are held under a custodial model rather than CHESS sponsorship, so investors do not receive a HIN. |
| Access to a very wide range of markets, including more than 13,000 shares and CFDs across forex, indices, commodities, ETFs and crypto CFDs. | CFDs are leveraged products and high risk, with roughly 68–70% of retail traders losing money when trading them. |
| Ability to combine direct ASX and global share investing with CFD trading on the same platform. | The platform is not beginner-first and can feel complex if you only want simple buy-and-hold investing. |
| Strong proprietary web and mobile platforms, plus support for MetaTrader 4 and advanced charting and alert tools. | CFD spreads and share CFD commissions are not the lowest available compared to specialist low-cost trading platforms. |
| Good education offering, including IG Academy, webinars, tutorials and a free demo account for practice trading. | International share trading usually involves a foreign exchange conversion fee of around 0.7%, which can add up for frequent global traders. |
| Flexible funding options, no minimum deposit via bank transfer, and generally fee-free withdrawals for Australian users. | Customer support is available most of the week, but response times and consistency can vary during busy periods. |
How regulated and trustworthy is IG in Australia?
IG is considered a highly trustworthy broker in Australia because it is regulated by ASIC, has a long operating history (founded in 1974), and is backed by a publicly listed parent company, IG Group, on the London Stock Exchange. For Australians, the key trust factors are ASIC oversight, client money segregation rules, and IG’s scale and transparency as a long-running global provider.
Local regulator and licence status (Australia)
IG’s Australian operations are regulated by the Australian Securities and Investments Commission (ASIC) and operate under an Australian Financial Services Licence (AFSL).
Fund segregation
IG Australian client money is held in segregated accounts under trustee arrangements, separate from IG’s operating funds.
Years in operation
IG has one of the longest track records in the industry, established in 1974 and operating in Australia since the early 2000s.
Parent company and listing status
IG Australia is part of IG Group, which is publicly listed on the London Stock Exchange (ticker: IGG).
Regulation snapshot: IG Australia
| Item | Details (Australia) |
|---|---|
| Local regulator | Australian Securities and Investments Commission (ASIC) |
| Licence status | Operates under an Australian Financial Services Licence (AFSL) |
| Authorised or registered? | Authorised (licensed provider), not just registered |
| Client money handling | Segregated accounts under trustee arrangements (per broker disclosures) |
| Years in operation | Founded 1974 (global); operating in Australia since early 2000s |
| Parent company | IG Group |
| Public listing | London Stock Exchange (LSE), ticker IGG |
| What this means for Australians | ASIC oversight, client money rules, and higher transparency due to public listing |
What assets can you trade on IG as a user in Australia?
In Australia, IG lets you trade both direct shares and ETFs plus a large range of CFDs across forex, indices, commodities, shares, ETFs and crypto (as CFDs), which makes it a true “multi-asset” platform.
The main limitation is that many exposures are offered via CFDs rather than direct ownership, and some common investing products like managed funds and bonds (direct) are not part of IG’s core Australian offering.
Shares and ETFs (direct investing)
Australians can invest directly in ASX-listed shares and access a large catalogue of international shares and ETFs through IG’s share trading service.
IG offers access to more than 13,000 shares across key markets such as Australia (ASX), the US (NASDAQ/NYSE/AMEX) and parts of Europe/UK, depending on the instrument and account setup.
Derivatives (CFDs and related markets)
IG’s main product set in Australia is CFDs, which provide leveraged exposure to many markets without owning the underlying asset.
Australian users typically get CFD access across indices, shares, ETFs, commodities, interest rates, and thematic markets, plus features like guaranteed stop losses (usually at an added cost).
Forex (via CFDs)
IG Australia offers forex trading primarily via CFDs, with a large selection of currency pairs.
IG provides access to over 80 FX pairs, including major, minor and exotic pairs, with leverage subject to ASIC retail limits (for example, up to 30:1 on major FX pairs for retail clients).
Crypto (Australia restrictions and format)
In Australia, IG’s crypto exposure is generally offered as crypto CFDs, not spot crypto ownership.
This means you can speculate on price movements (including Bitcoin and major altcoins such as ETH, ADA and DOGE), but you do not receive an on-chain wallet or direct coin ownership like a crypto exchange.
Assets you generally can’t access on IG Australia (or are limited)
IG is not designed as a full “traditional investing supermarket,” so several common products are unavailable or limited for Australians.
his generally includes managed funds, direct bonds, and exchange-traded options/futures for retail users in Australia (where available, options exposure is often via CFDs or platform-specific structures rather than broad exchange access).
Asset coverage table: IG Australia (2026)
| Asset type | Available to Australian users? | How you trade it on IG | Notes for Australians |
|---|---|---|---|
| ASX shares | Yes | Direct share trading | Custodial model (not CHESS-sponsored) |
| International shares | Yes | Direct share trading | Often $0 brokerage but FX fee typically ~0.7% |
| ETFs | Yes | Direct ETF trading and/or ETF CFDs | Direct access depends on market; CFDs expand coverage |
| Share CFDs | Yes | CFD | Broad range, commonly cited as thousands of instruments |
| Index CFDs | Yes | CFD | Major global indices, often with tight headline spreads |
| Forex | Yes | FX CFDs | Commonly cited 80+ pairs; retail leverage capped by ASIC |
| Commodities | Yes | CFD | Metals, energy and other key commodity markets |
| Crypto | Yes (as CFDs) | Crypto CFDs | No spot ownership or on-chain wallet |
| Options | Limited | Typically via CFDs/OTC-style structures | Not broad exchange-listed options access for AU retail |
| Futures | Limited | Typically via CFDs/market access tools | Availability varies by product and client classification |
| Bonds (direct) | Generally no | N/A | Some exposure may exist via CFDs/interest rate markets |
| Managed funds | No | N/A | Not a core IG Australia offering |
How much does IG cost in Australia?
IG’s costs in Australia are competitive for share trading but higher for active CFD trading, with pricing split between commissions, spreads, FX fees and a small number of non-trading charges.
All figures below are shown in Australian dollars (AUD) unless stated otherwise, and actual costs depend on the asset traded and how frequently you trade.
Trading fees (shares, ETFs and CFDs)
IG uses a mix of commission-based pricing for shares and spread-based pricing for most CFDs.
Australian users can trade ASX shares and ETFs with $0 brokerage on standard pricing, while CFDs are priced via spreads and, in some cases, per-contract commissions.
Spreads and commissions
CFD costs are mainly embedded in the spread, while share CFDs and some markets include explicit commissions.
Forex spreads on major pairs are often quoted from around 0.6–0.9 pips, index CFD spreads from around 0.8 points, and Australian share CFDs typically have a minimum commission per side. Guaranteed stop losses are available but carry an additional premium.
FX and currency conversion fees
FX fees are one of the main costs to watch for Australian investors using IG.
When trading international shares, IG typically applies a foreign exchange conversion fee of about 0.7%, which can materially increase costs for frequent global traders.
Non-trading fees
IG has relatively few non-trading fees compared with many brokers.
There is no account opening fee, no custody fee, and no inactivity fee on share trading accounts, while CFD accounts may incur a monthly inactivity fee only after around two years of no trading activity.
Typical fees table: IG Australia
| Cost type | Typical charge (AUD) | Notes for Australian users |
|---|---|---|
| ASX share trades | $0 brokerage | Standard online pricing; custodial model |
| International share trades | $0 brokerage + ~0.7% FX fee | FX fee applies when converting currencies |
| Forex CFDs | From ~0.6–0.9 pips spread | No separate commission on most pairs |
| Index CFDs | From ~0.8 points spread | Varies by index and market conditions |
| Australian share CFDs | Min commission per side | Higher than direct share trading |
| Guaranteed stop loss | Extra premium | Cost varies by instrument |
| Account opening | $0 | No setup cost |
| Inactivity fee (CFD account) | Applies after ~24 months | Share trading accounts exempt |
| Withdrawals | $0 (standard) | Same-day bank transfer may incur a fee |
How good is IG’s web app for users?
IG’s web trading platform is one of the strongest in the Australian market, especially for active traders who want speed, flexibility and advanced tools in a browser-based interface.
It is reliable, highly customisable and feature-rich, though it can feel complex for beginners who only want simple investing features.
Usability
The IG web platform is clean, fast and designed for frequent trading rather than casual investing. Navigation is logical, markets are easy to search, and key information such as margin, P&L and open positions is clearly displayed, but the density of data can be overwhelming for first-time users.
Charting
Charting on IG’s web app is advanced and well suited to technical analysis. Users can access multiple chart types, dozens of technical indicators, drawing tools, and timeframes ranging from tick data to long-term views, making it suitable for day trading, swing trading and analysis-driven strategies.
Order types
IG supports a wide range of order types directly from the web platform. Available options typically include market orders, limit orders, stop orders, trailing stops, and guaranteed stop losses, which allow tighter risk control but usually come with an added cost.
Customisation
The web app is highly customisable compared to beginner-first platforms. Users can create and save layouts, build personalised watchlists, rearrange panels, and set alerts for prices, indicators and economic events, effectively turning the browser into a full trading workstation.
Known limitations
Despite its strengths, IG’s web platform is not perfect for every type of user.It is more complex than simple investing apps, some advanced features take time to learn, and certain tools or products may require switching to complementary platforms like MetaTrader 4 or specialist IG interfaces for specific strategies.
How good is the IG mobile app in Australia?
The IG mobile app is one of the stronger mobile trading apps available to Australian users, offering a near-desktop trading experience on both iOS and Android. It is designed for active traders who want full market access, real-time monitoring and advanced order control while on the move, rather than a stripped-back investing app.
iOS and Android availability
The IG mobile app is available on both iOS and Android and is fully supported for Australian users.
The app is regularly updated, supports the same account types as the web platform, and syncs watchlists and positions across devices.
Key features
IG’s mobile app mirrors much of the functionality of its web platform. Key features include live prices, interactive charts, technical indicators, price alerts, full order management, position monitoring, access to news and research, and the ability to place advanced orders such as stops, trailing stops and guaranteed stop losses.
Stability and performance
The app is generally stable and responsive, even during high-volatility market periods. Execution speeds are typically fast, charts load smoothly, and switching between markets is quick, though performance can still depend on device capability and connection quality during major market events.
Security features
Security is a strong point of IG’s mobile app for Australian users. The app supports two-factor authentication, biometric login (Face ID or fingerprint where supported), encrypted data transmission, and session controls to reduce the risk of unauthorised access.
How easy is it to open an account with IG in Australia?
Opening an account with IG in Australia is fully digital and relatively straightforward, though it can take longer than beginner-first investing apps due to regulatory checks and product suitability requirements. Most Australians can complete the application in under 10 minutes, with approval typically taking a few business days.
Digital onboarding
IG uses a fully online onboarding process for Australian residents. You can apply via the web or mobile app, choose between share trading and CFD accounts, and complete the process without paperwork or branch visits.
KYC steps
As an ASIC-regulated broker, IG requires full identity and suitability checks before approving an account. You’ll need to provide personal details, answer questions about your trading experience and financial situation, and upload ID such as an Australian driver’s licence or passport, along with proof of address if requested.
Common delays
The most common delays occur during identity verification and suitability assessments. Applications can be slowed if documents are unclear, details don’t match government records, or if additional questions are required to assess your understanding of higher-risk products like CFDs.
Typical approval time
Most Australian IG accounts are approved within 1–3 business days once all documents are submitted correctly. In some cases, especially for CFD or Pro accounts, approval can take longer if extra review is required.
What to expect as a new user
There is no minimum deposit via bank transfer, and you can explore the platform or use a demo account while waiting for full approval. Once verified, you can fund your account and start trading immediately, subject to any account-specific restrictions.
How do deposits and withdrawals work with IG in Australia?
Deposits and withdrawals with IG Australia are straightforward, with multiple local payment methods, generally low fees, and predictable processing times. Minimums and speeds vary by payment method, and some exceptions apply for same-day bank transfers and large withdrawals.
Minimum deposit (Australia)
The minimum deposit with IG in Australia depends on the funding method you choose.
There is no minimum deposit for bank transfers (including BPAY), while card and digital wallet methods usually have a minimum of A$100.
Deposit methods, fees, limits and speed
IG supports common Australian payment methods, most of which are free and fast.
| Deposit method | Minimum deposit | Fees | Typical speed | Notes |
|---|---|---|---|---|
| Bank transfer / BPAY | A$0 | $0 | 1–2 business days | Best option if you want no minimum deposit |
| Debit card | A$100 | $0 | Instant | Fastest way to fund an account |
| Credit card | A$100 | May apply | Instant | Some card issuers may charge fees |
| PayPal | A$100 | Usually free | Instant | Must be in your own name |
| Apple Pay / Google Pay | A$100 | Usually free | Instant | Availability depends on device |
Deposits must be made from an account in your own name to comply with ASIC anti-money laundering rules.
Withdrawal methods, fees, limits and speed
Withdrawals from IG are generally fee-free, with a few specific exceptions.
| Withdrawal method | Fees | Typical speed | Limits and notes |
|---|---|---|---|
| Bank transfer (standard) | $0 | 1–3 business days | No stated maximum |
| Same-day bank transfer | A$15 fee | Same business day | Minimum A$2,000, request before cut-off time |
| Debit / credit card | $0 (IG side) | 2–5 business days | Daily card limits may apply |
| PayPal | $0 (IG side) | 1–2 business days | PayPal fees may apply externally |
The minimum withdrawal amount is usually A$200, unless your account balance is below this amount, in which case you can withdraw the full balance.
What account types does IG offer users in Australia?
IG offers a wide range of account types for Australian users, covering direct share investing, leveraged CFD trading, and specialised setups for professionals, companies and SMSFs. The choice depends on whether you want cash investing, margin-based trading, or a special-purpose structure.
Standard accounts (retail users)
Most Australians start with one or both of IG’s core retail accounts, depending on what they want to trade.
- Share trading account (cash-based): This account is used for direct investing in ASX and international shares and ETFs, without leverage, and is suitable for long-term investors. Shares are held under a custodial model rather than CHESS sponsorship.
- CFD trading account (margin-based): This account provides access to CFDs across forex, indices, shares, commodities, ETFs and crypto CFDs, using leverage subject to ASIC retail limits (for example, up to 30:1 on major FX pairs).
Retail users can hold both account types under the same login but trade them separately.
Tax-advantaged accounts (Australia)
IG does not offer tax-advantaged investment wrappers in Australia. Accounts such as ISAs or SIPPs, which are available in the UK, are not available to Australian residents, and all tax reporting is handled under standard Australian tax rules.
Margin vs cash accounts
IG clearly separates cash investing from margin trading for Australian users.
- Cash investing applies to the share trading account, where you fully fund purchases and do not use leverage.
- Margin trading applies to the CFD account, where you trade using margin and leverage, increasing both potential gains and losses.
Beginners may be restricted to limited-risk CFD settings, which require guaranteed stop losses to cap downside risk.
Professional and special-purpose accounts
IG also offers several specialised account types for eligible Australian users.
- Pro account: Available to experienced or high-net-worth traders who meet eligibility criteria, offering higher leverage and lower margins, but without retail protections such as negative balance protection.
- Corporate and trust accounts: Designed for companies, trusts and institutional-style traders who need tailored account structures and reporting.
- SMSF account: Allows self-managed super funds to invest and trade through IG, with additional requirements and higher minimum asset thresholds, particularly for CFD access.
Account types snapshot: IG Australia
| Account type | Cash or margin | Who it’s for | Key notes |
|---|---|---|---|
| Share trading account | Cash | Long-term investors | Custodial model, no CHESS |
| CFD trading account | Margin | Active traders | Leverage subject to ASIC limits |
| Pro account | Margin | Experienced / HNW traders | Fewer protections, higher leverage |
| Corporate / Trust | Cash or margin | Businesses, trusts | Custom documentation required |
| SMSF account | Cash (CFDs restricted) | SMSF investors | Higher eligibility requirements |
| Tax-advantaged (ISA/SIPP) | N/A | Not available | UK-only products |
Is IG suitable for your trading or investing style?
IG is best suited to active trading styles and mixed investor–traders, while long-term, low-interaction investors may find parts of the platform more complex than necessary. Its strength in Australia comes from broad CFD coverage, robust platforms, and flexible order types, balanced against spreads, FX fees on global shares, and a custodial (non-CHESS) share model.
How IG fits different styles
- Scalping: Works for some markets, but costs matter.
Tight execution and advanced orders help, yet spreads and per-trade costs can be higher than specialist low-cost brokers for ultra-high-frequency strategies. - Day trading: A strong match.
Fast execution, real-time charts, alerts, and multiple order types support intraday strategies across indices, FX, and share CFDs. - Swing trading: Very suitable.
Broad market access, technical tools, and guaranteed stops (at a premium) suit multi-day to multi-week positions. - Long-term investing: Adequate, with caveats.
Direct ASX and global shares are available, but the custodial model, FX fees (~0.7% on international shares), and derivatives-heavy interface may not suit CHESS-focused, buy-and-hold investors.
Suitability ratings (Australia)
| Trading / investing style | Suitability | Why |
|---|---|---|
| Scalping | 3/5 | Fast platforms and orders help, but spreads and commissions can be less competitive for very high frequency trading. |
| Day trading | 4/5 | Strong tools, execution, and market coverage across FX, indices, and CFDs. |
| Swing trading | 4/5 | Excellent charting, alerts, and risk controls support position trading. |
| Long-term investing | 3/5 | Direct shares available, but no CHESS sponsorship and FX fees reduce appeal for pure buy-and-hold. |
What education and learning resources are available for IG users in Australia?
IG offers one of the more comprehensive education suites available to Australian traders, combining structured courses, platform tutorials, live webinars, and a fully featured demo account. The focus is on helping users understand trading mechanics, risk management, and platform use, rather than providing investment advice or stock recommendations.
Courses
IG provides structured online courses through IG Academy that cover beginner to advanced trading topics. Australian users can access modules on market basics, CFDs, forex, technical analysis, risk management, and trading psychology, with content designed to be self-paced and suitable for different experience levels.
Tutorials
Platform-specific tutorials help users learn how to use IG’s web and mobile trading tools effectively.
These include guides on placing orders, using charts and indicators, setting alerts, managing margin, and applying risk controls such as stop losses and guaranteed stops.
Webinars
IG regularly hosts live and on-demand webinars for Australian users, often led by market analysts and trading educators. Sessions typically focus on current market themes, trading strategies, macro events, and practical platform walkthroughs, allowing users to learn and ask questions in real time.
Demo accounts
IG offers a free demo account that allows Australians to practise trading with virtual funds before committing real money. The demo mirrors live market conditions and platform features, making it particularly useful for learning how CFDs, leverage, and order types work without financial risk.
Education resources snapshot: IG Australia
| Resource type | Available? | What Australians get |
|---|---|---|
| Courses | Yes | IG Academy modules from beginner to advanced |
| Platform tutorials | Yes | Step-by-step guides for web and mobile platforms |
| Webinars | Yes | Live and recorded sessions with market professionals |
| Demo account | Yes | Full-featured demo with virtual funds |
| Research & analysis | Yes | Market news, commentary and trade ideas (educational) |
What unique or standout features does IG offer in Australia?
IG stands out in Australia by combining deep CFD market access, direct share investing, and professional-grade proprietary tools under ASIC regulation, something many competitors do not offer in a single platform. Its strengths are most noticeable for active traders who value flexibility, risk controls, and platform depth rather than stripped-back simplicity.
Features many competitors lack
- One platform for CFDs and direct shares: Unlike many CFD-only brokers, IG allows Australians to trade CFDs and invest directly in ASX and international shares from the same ecosystem, reducing the need to juggle multiple brokers.
- Guaranteed stop losses on most CFD markets: IG offers guaranteed stop losses, which ensure trades close at the chosen price even during extreme volatility or market gaps, a feature not universally available and especially valuable in fast-moving markets.
- Very broad market coverage: Australians get access to thousands of instruments, commonly cited as 13,000+ shares and 18,000+ total markets, including niche indices, thematic markets and extended-hours trading that many smaller platforms do not support.
Australia-specific advantages
- ASIC-regulated with local leverage protections: IG operates under ASIC oversight, applying Australian leverage limits for retail clients and product intervention rules, which can reduce downside risk compared with offshore brokers.
- Local payment methods and AUD accounts: Support for BPAY, Australian bank transfers, cards and PayPal, plus AUD base currency accounts, makes funding and withdrawals easier and cheaper for Australians.
- SMSF and corporate account support: IG offers SMSF, corporate and trust accounts, which is less common among trading-focused platforms and appealing to more complex Australian account structures.
Proprietary tools and technology
- IG’s proprietary web and mobile platforms: The in-house platform is highly customisable, supports advanced charting, alerts, and multiple order types, and it stands out as one of the stronger browser-based trading platforms in the market.
- Professional-grade execution and monitoring tools: Features like one-click trading, advanced order management, integrated news and analysis, and detailed position and margin reporting cater to frequent traders.
- Multiple platform integrations: In addition to its own platform, IG supports MetaTrader 4 and advanced tools such as ProRealTime and L2 Dealer (where applicable), giving traders flexibility in how they execute strategies.
How good is IG customer support for users in Australia?
IG offers broad, multi-channel customer support for Australians, with near-24/5 availability and generally knowledgeable staff, but response speed can be inconsistent during peak periods. Overall, support quality is solid for an active trading platform, though it is not always as fast or personalised as some users expect.
Support channels
IG provides Australians with multiple support options covering most common needs.
Available channels include live chat, phone support, email, and an extensive online help centre with FAQs, platform guides, and troubleshooting articles.
Availability
Customer support is typically available 24 hours a day from Sunday to Friday for Australian users.
Support is limited or unavailable for part of Saturday (AEST), which may affect users trading during weekends or outside standard market hours.
Response quality
When connected, IG’s support staff are generally knowledgeable about platform features, account issues, and trading mechanics.
Live chat is often the fastest option, while phone and email responses can vary depending on demand, especially during periods of high market volatility.
Known issues
The most common complaints relate to response times rather than accuracy.
Some users report slower replies during busy trading sessions, occasional delays with email support, and less personalised assistance compared with smaller, boutique brokers.
Customer support snapshot: IG Australia
| Support aspect | Details |
|---|---|
| Channels | Live chat, phone, email, online help centre |
| Availability | 24 hours Sun–Fri (limited Saturday coverage) |
| Speed | Fast on live chat at quiet times, slower during peak volatility |
| Quality | Generally accurate and professional |
| Common issues | Inconsistent response times, busy-period delays |
How does IG compare to competitors in Australia?
IG is one of the most “all-in-one” choices in Australia because it combines direct share investing (ASX + international) with a large CFD/forex range and professional-grade platforms, backed by ASIC regulation and a long track record (founded 1974). Compared with rivals, IG is often stronger on tools and market breadth, but can be less competitive on tightest spreads and has notable FX costs on international shares.
Head-to-head comparison
| Platform | Fees | Assets | Regulation (AU) | Best use case |
|---|---|---|---|---|
| IG | Forex CFDs are spread-only with EUR/USD ~0.9; index CFDs include S&P 500 spread ~0.4; stock CFD commission example $0.02/share (min $10); international shares commonly priced at $0 commission + ~0.7% FX fee | Direct shares + CFDs (forex, indices, shares, commodities, ETFs, crypto CFDs) | ASIC (AFSL) | Multi-asset trading + investing on one platform, especially if you value tools and breadth |
| XTB | Forex CFD example EUR/USD ~0.8; index CFD example S&P 500 spread ~0.4 | CFDs + investing features (varies by region) | ASIC (AFSL) | Lower-spread style CFD trading vs some generalist platforms |
| eToro | Forex CFD example EUR/USD ~1.0; index CFD example S&P 500 spread ~1.0 | Multi-asset focus (notably strong for beginner-friendly UI and broad thematic exposure) | ASIC (AFSL) | Simpler experience for newer users who want multi-asset exposure without pro-level tooling |
| Pepperstone | Generally appeals to active traders focused on pricing | Primarily CFDs/forex (shares often via CFDs depending on setup) | ASIC (AFSL) | Spread-sensitive FX/CFD traders who prioritise execution and trading platforms |
| Fusion Markets | Competitive | Primarily CFDs/forex | ASIC (AFSL) | Low-cost leaning FX/CFD trading for active strategies |
What are the main limitations users in Australia should be aware of?
IG is a robust and well-regulated platform in Australia, but it has several clear limitations that may matter depending on your investing or trading style. Below are the key drawbacks Australians should realistically consider before choosing IG.
- No CHESS sponsorship for ASX shares: Australian shares are held under a custodial model rather than CHESS, meaning you do not receive a HIN and your holdings are not directly recorded on the ASX sub-register.
- CFDs dominate the platform and are high risk: IG’s core offering is leveraged CFDs, and around 68–70% of retail traders lose money trading these products, making the platform less suitable for inexperienced users.
- FX fees on international shares can be expensive: International share trades typically incur a ~0.7% foreign exchange conversion fee, which can significantly increase costs for Australians who trade overseas markets frequently.
- Pricing is competitive but not the cheapest: CFD spreads and share CFD commissions are often higher than specialist low-cost brokers, particularly for high-frequency or spread-sensitive trading strategies.
- Customer support can be inconsistent during peak periods: While support is available most of the week, response times can slow during high-volatility market conditions, which may frustrate active traders needing fast assistance.
Conclusion: Is IG the right choice for users in Australia in 2026?
Yes, IG is the right choice for many Australians in 2026 if you want a single, well-regulated platform that combines direct share investing with advanced CFD trading tools. Backed by ASIC regulation, a 50+ year global track record (founded 1974), and a publicly listed parent company, IG stands out for platform quality, market depth, and professional risk controls such as guaranteed stop losses.
That said, IG is not a one-size-fits-all solution. It is best suited to intermediate and advanced users, active traders, and investor-traders who value flexibility across 13,000+ shares and a broad CFD range (forex, indices, commodities, ETFs and crypto CFDs).
Costs are generally competitive, but CFD spreads are not always the cheapest, and frequent international share traders should factor in the ~0.7% FX fee. Beginners can use the demo and education tools, but should approach leveraged products cautiously given that around 68–70% of retail CFD traders lose money.
Final recommendation for Australia (2026):
- Choose IG if you want powerful platforms, wide market access, strong regulation, and the ability to trade and invest in one place.
- Consider alternatives if you want CHESS-sponsored ASX shares, ultra-low-cost CFD pricing, or a simple, beginner-first investing app.
FAQs
Is IG regulated and safe to use in Australia?
Yes. IG operates in Australia under ASIC regulation with an Australian Financial Services Licence, uses client fund segregation, and is part of IG Group, a publicly listed company with over 50 years of operating history.
Does IG offer CHESS-sponsored ASX shares?
No. IG uses a custodial model for Australian shares rather than CHESS sponsorship, so you will not receive a HIN, even though you retain beneficial ownership of your shares.
What is the minimum deposit to start using IG in Australia?
There is no minimum deposit when funding via bank transfer or BPAY, while card and digital wallet deposits usually require a minimum of A$100.
Is IG good for beginners in Australia?
IG can suit motivated beginners who use the demo account and education resources, but it is not beginner-first due to its focus on CFDs and leverage, where around 68–70% of retail traders lose money.
