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IG Mobile App -- Good for non-derivative investors?

HarbourMaster

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HarbourMaster Occasional Contributor

HarbourMaster

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Hi I am not interested in derivatives.  I plan to only buy and hold stocks or ETFs in an UK Share Dealing ISA account.

My research brought me to IG.

I like the idea of having a mobile app for my investment account.  I noticed that the app from IG is called "IG: Spread Bets & CFD".  The name seems to suggest that the app is for derivative trading.  Is IG (and the app) for someone like me?

My other option is Interactive Investor (also in UK).  Which also offer a mobile app.  Would II be more suitable for someone for me?

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dmedin Super Contributor

dmedin

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2 hours ago, HarbourMaster said:

@dmedin -- What is the name of the mobile app for the "Share Dealing" service?  On Apple Store I could see only "IG: Spread Bets & CFD" (and "IG Academy").  Also, what I am actually interested in is an "Share Dealing ISA" account.  Can I use an mobile app for that account?  Thanks!

 

IG might not have made it available on the appstore yet

@CharlotteIG may know

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CharlotteIG Respected Contributor

CharlotteIG

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12 hours ago, dmedin said:

 

IG might not have made it available on the appstore yet

@CharlotteIG may know

@HarbourMaster Thanks for your question. 

The App is for both leveraged and non-leveraged trading. You will be able to find and use the share dealing account on the "IG: Spread Bets & CFD". I completely see the confusion here due to the name and will bring it up with our app developers. 

 image.png

 

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HarbourMaster Occasional Contributor

HarbourMaster

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@CharlotteIG  Thanks!  I just created a Demo account.  In which I could only find accounts for "CFD Trading" and "Spread Betting".  I also just downloaded the mobile app and logged into my account and saw the same.  Do you mean that (only) after I open an "Share Dealing ISA" account I will be able to see it in the mobile app? (as well as the web platform)  It would be nice if the demo account includes also that so that there will be less confusion.

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HarbourMaster Occasional Contributor

HarbourMaster

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On 12/02/2020 at 16:13, HarbourMaster said:

@CharlotteIG  Thanks!  I just created a Demo account.  In which I could only find accounts for "CFD Trading" and "Spread Betting".  I also just downloaded the mobile app and logged into my account and saw the same.  Do you mean that (only) after I open an "Share Dealing ISA" account I will be able to see it in the mobile app? (as well as the web platform)  It would be nice if the demo account includes also that so that there will be less confusion.

Answering my own question here.  The answer is yes.  Now I have opened my "Share Dealing ISA" account and have started using both the mobile app and the web platform.  Thanks!

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

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