IG Index
May 11, 2009 | By Spreadbetting
IG Index, founded in 1974 by Stuart Wheeler the well-known political activist and compulsive gambler, was the first financial spread betting company in Britain. It was floated on the London Stock Exchange in 2000 but went private again in 2003 as Wheeler sold his entire remaining holding to raise funds to renovate a castle. In May 2005 IG Group was publicly floated again and is now a member of the FTSE 250.
In July2008 IG Group announced its results for the year to 31st May, 2008 and reported revenue up by 51% to £184m and EBITDA up by 40% to £98.5m. IG now has over 70,000 clients across the world and around 90% of bets are made on-line. The group prides itself on being industry leader in offering the most sophisticated trading platform and the widest range of products.
Features
• advanced and easy-to-use platform called PureDeal gives one-click dealing and fast execution on thousands of streaming prices
• Reuters news and a professional-level charting package
• as well as on financial markets, betting on sports, entertainment and political events
• binary betting on both financial and sports markets
• dedicated trader education resource called TradeSense which takes beginners through a six-week course in spread betting to help them get started
• extra-low daily spreads: 0.1% per side on major shares
• over 7000 shares, plus indices, forex, commodities and more
• deal anytime, anywhere, with round-the-clock support
• Price Alerts which, via email or SMS message, helps traders keep track of their chosen instrument(s) all through the trading day
• iPhone dealing
• Trailing Stops which track profitable positions automatically and close them should the market move against the trader
• trading directly from charts using DealThru Charts. Traders “drag and drop” opening orders onto charts and adjust them with a mouse. The orders are displayed as lines and are activated when breached
• trading Exchange Traded Funds. ETFs give exposure to less well-known markets, such as the MSCI Brazil Fund, tracking Brazil’s leading shares, or the China 25 Tracker
• a credit account available to U.K. residents who are prepared to show evidence of £5000 liquid funds, and whom IG can classify as experienced investors
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