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IG trading platform withdrawal experience?

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Hi Everyone, I'm from the UK and just received a pretty modest lump sum of money. With interest rates being so low along with my interest in finance, I'd like to invest a proportion of it (around £500- just to try things out), through an online self invest stocks and shares ISA,

After shopping around a little bit, I've decided that IG are offering probably the best deal out there for a UK investor who is protected by the FCA (although deGiro are extremely low cost, I'm worried about investing a lot with them due to the not being covered by the FCA.) As IG are originally book makers who apparently have the reputation of being rogues anyway, I was asking your advice on what to do... Once I invest my money, I'd hate if it was like pulling teeth trying to get it back out again or transferring to another broker. Would really appreciate anyone else sharing their experience with IG.

Thank you!

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@rachelbarnes,

I personally only use IG for spread betting Commodities and Cryptocurrencies. 

My funds are held with Fidelity. My shares are held with Hargreaves Lansdown. My ETF's and ETN's are held with Equiniti (formerly Selftrade).

I keep them all separate as I simply do not want all my capital with one institution. Also the capital protection plays a part in this decision making too. On top of this different brokers specialise in different things. So Fidelity are weak when it comes to shares, ETF's and ETN's. IG are better at offering CFD's and Spreadbetting and so on. 

Your decision will be a personal one. An important factor will be what asset you intend to invest in. So if you are looking at investing in equities will it be via funds, investment trusts or individual shares? Is your strategy to invest for capital growth or income? (This decision will be dependent on your age profile of course and risk tolerance). What services do get with different brokers and what the costs/charges.

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Hi,

While I agree with the post above, I feel that it didn't address your question. You are asking about money withdrawal experience with IG.

In my personal experience there has been no issues what so ever in making withdrawals of up to 30% of my available funds (that is the maximum I attempted to withdraw). Some problems may happen from time to time that relate to the platform itself, such as the "withdraw" button lagging or something of the sort, in which case a call to the customer support resolved the issue on the spot, and even carried out the withdraw request while on the phone (after ID checks of course).

I'm confident in IG's service, and hope to remain so in the future.

On a different topic, you mentioned that you are looking to invest a small amount of capital. IG is best suited for CFDs and FX trading, if you are looking to invest by purchasing actual shares of companies this is not provided by IG (at least from my end, maybe for different account types they offer it).

I hope this helps.

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Regulated. Safe as houses. FCA and fscs protection. Have a few years worth of maxedISAwith them

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4 hours ago, Xago said:

Hi,

While I agree with the post above, I feel that it didn't address your question. You are asking about money withdrawal experience with IG.

In my personal experience there has been no issues what so ever in making withdrawals of up to 30% of my available funds (that is the maximum I attempted to withdraw). Some problems may happen from time to time that relate to the platform itself, such as the "withdraw" button lagging or something of the sort, in which case a call to the customer support resolved the issue on the spot, and even carried out the withdraw request while on the phone (after ID checks of course).Nox Showbox Mobdro

I'm confident in IG's service, and hope to remain so in the future.

On a different topic, you mentioned that you are looking to invest a small amount of capital. IG is best suited for CFDs and FX trading, if you are looking to invest by purchasing actual shares of companies this is not provided by IG (at least from my end, maybe for different account types they offer it).

I hope this helps.

yes thats it thankyou so mch!

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