Best US FOREX Broker 2023 - Pros and Cons of IG Group as a Forex Broker
In this video I give my personal review on IG Group as a forex broker for US forex traders. I explain all the pros and cons of using IG.
0:00 - Intro
0:39 - The Broker I Use
1:02 - The PROS of IG Markets
3:27 - The CONS of IG Markets
6:03 - Conclusion
PROS
- Been open since 1974
- regulated (meaning your money is safer)
- No commission fees charged
- They have phone customer support
- Its a publicly traded company
- Good low spreads on certain pairs
- Mt4 and Mt5 compatible, which allows the use of EA’s
CONS
- Only 50:1 max leverage for US customers (example $20K needed to open one 10 lot trade) vs a 500:1 leverage broker you would only need $2k to open one 10 lot trade.
- No hedging meaning you cannot open a buy trade and a sell trade on the same pair at any time.
- You always have to close the first position opened first
- You cannot set different Take Profit or Stop Loss levels on each leverage trade. (Example if you have 3 GBP/USD trades open you have to use the same TP and SL levels for all three. This really sucks for swing traders.
My personal opinion is that IG is a great and safe broker and I use them because my EA’s trading system works well with it and because I feel that my funds are safer, but for my personal manual swing trading I have to use another broker.
- Im here to help you find the light at the end of the forex trading tunnel!
PS - Never give up on your dreams!
🤖 RISE Trading Discord
👉 https://discord.gg/Y8HAEVA4jB
📈 RISE Trading Telegram
👉 https://t.me/risetradingmovement
🚀 1on1 Consultation
👉 https://calendly.com/sergunlimited/free-consultation
📊 My Unregulated Broker
👉 http://bit.ly/3IuOyI3
💰 My PROP Firm
👉 https://ftmo.com/en/?affiliates=4201
📸 FOLLOW ME
👉 https://www.instagram.com/serg.tech
👉 https://linktr.ee/sergtech
✅ SERVICES OFFERED
- Live Daily Trading Group
- 1-On-1 Consultation Session
- Online Trading Course
- Challenge Passing
- Forex Automation (Investors)
(Send us an Email or DM for more info)
✅ USEFUL LINKS
- TradingView 👉 https://bit.ly/3SmJQjg
- VPS 👉 https://www.accuwebhosting.com/ref/3876.html
Disclaimer#1: I’m not a financial advisor. You should always do your own research and make your own financial decisions. This video is for entertainment purposes only.
Disclaimer#2: Links in the description are typically affiliate links that let you help support the channel at no extra cost.
Видео Best US FOREX Broker 2023 - Pros and Cons of IG Group as a Forex Broker канала Serg Tech
0:00 - Intro
0:39 - The Broker I Use
1:02 - The PROS of IG Markets
3:27 - The CONS of IG Markets
6:03 - Conclusion
PROS
- Been open since 1974
- regulated (meaning your money is safer)
- No commission fees charged
- They have phone customer support
- Its a publicly traded company
- Good low spreads on certain pairs
- Mt4 and Mt5 compatible, which allows the use of EA’s
CONS
- Only 50:1 max leverage for US customers (example $20K needed to open one 10 lot trade) vs a 500:1 leverage broker you would only need $2k to open one 10 lot trade.
- No hedging meaning you cannot open a buy trade and a sell trade on the same pair at any time.
- You always have to close the first position opened first
- You cannot set different Take Profit or Stop Loss levels on each leverage trade. (Example if you have 3 GBP/USD trades open you have to use the same TP and SL levels for all three. This really sucks for swing traders.
My personal opinion is that IG is a great and safe broker and I use them because my EA’s trading system works well with it and because I feel that my funds are safer, but for my personal manual swing trading I have to use another broker.
- Im here to help you find the light at the end of the forex trading tunnel!
PS - Never give up on your dreams!
🤖 RISE Trading Discord
👉 https://discord.gg/Y8HAEVA4jB
📈 RISE Trading Telegram
👉 https://t.me/risetradingmovement
🚀 1on1 Consultation
👉 https://calendly.com/sergunlimited/free-consultation
📊 My Unregulated Broker
👉 http://bit.ly/3IuOyI3
💰 My PROP Firm
👉 https://ftmo.com/en/?affiliates=4201
📸 FOLLOW ME
👉 https://www.instagram.com/serg.tech
👉 https://linktr.ee/sergtech
✅ SERVICES OFFERED
- Live Daily Trading Group
- 1-On-1 Consultation Session
- Online Trading Course
- Challenge Passing
- Forex Automation (Investors)
(Send us an Email or DM for more info)
✅ USEFUL LINKS
- TradingView 👉 https://bit.ly/3SmJQjg
- VPS 👉 https://www.accuwebhosting.com/ref/3876.html
Disclaimer#1: I’m not a financial advisor. You should always do your own research and make your own financial decisions. This video is for entertainment purposes only.
Disclaimer#2: Links in the description are typically affiliate links that let you help support the channel at no extra cost.
Видео Best US FOREX Broker 2023 - Pros and Cons of IG Group as a Forex Broker канала Serg Tech
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