IG Group launches stockbroking platform
IG heralds the technology revolution with the launch of its own stockbroking platform.
- IG launches execution-only stockbroking in UK and Ireland
- A new technological era in online stockbroking begins says IG Group
- First month of online trading commission-free
Online stockbroking trading platforms are basic and opaque, with users only having access to antiquated technology when investing in the stock market – according to IG Group, a global online trading company.
The comments come as IG Group today launches an execution-only stockbroking service targeted to individuals. The platform has IG Group’s existing world-class technology at its heart, providing investors with real-time transparent pricing, sourced from multiple venues, and easy access to key international stock markets with market-leading commission rates.
The platform offers live pricing on over 4500 shares and is supported by analytical tools, charting, market news and videos. It is also available via a diverse suite of phone and tablet apps to ease accessibility, with clients able to trade commission-free during their first month of online trading. It also offers customers a tax-efficient ISA option with no management fees.
The superior technology makes it easier to trade non-UK markets, which can be cumbersome and expensive to do through traditional online channels. IG customers will have access to international stocks in key markets such as the US, and receive a low cost and transparent charging structure on the currency conversion.
Tim Howkins, Chief Executive of IG Group, comments, “The global financial markets are faster moving and more intertwined than ever before. Retail investors are becoming increasingly confident and demanding with technology, especially in the field of mobile apps. The traditional trading platforms available to those wanting to buy stocks online simply haven’t kept pace – they are basic and opaque.
“Our research shows that people put convenience at the top of their wish list when making financial transactions online. Yet when it comes to trading the stock market, investors are getting anything but, with most stockbroking platforms using outdated and under-invested technology to ‘service’ customers.
“Our new platform provides the latest in data, pricing and trading technology to those who want to trade the stock markets, and we can support them with round-the-clock customer service.
'Users now have the right information, at the right price, available to them at the right time and in a highly transparent way - whether through a desktop computer, a phone, or a tablet. They will have the best of IG’s 40 years of trading experience at their fingertips. This has the potential to revolutionise online stockbroking.'
See IG.com for full details and fees: http://www.ig.com/uk/stockbroking-with-ig
For further information, please contact:
Kieran McKinney Head of Investor Relations 020 7573 0026