IG the broker

Actualizado el 10/04/2023

IG is a British-origin broker specializing in financial derivatives trading services, especially CFDs, Forex, and Futures.

IG history

Broker founded in 1974 in London by Stuart Wheeler, an entrepreneur, financier, and even political activist.

It was born under the brand name IG Index, its brand evolved but always through the initials IG, which correspond to the English words Investor Gold. At that time, they gave the opportunity to buy gold as an index instead of the asset itself, hence the name.

The year 2000 was an important year in the company’s development, as with the turn of the century, IG changed its name to IG Group Plc and started trading on the London Stock Exchange.

Starting from this year 2000, a period of expansion begins. In 2002, it starts operating in Australia. During this period, it tries to enter the US market, but the legislation does not allow it to operate with its main services, CFDs and spread betting.

2012 is another critical year in the development of the company, as it consolidated its business in the UK under a single brand, IG, thus dropping only the initials.

Operational units

With the rebranding to IG also came a restructuring, and the company began operating with two business units:

IG Markets, which offers CFDs

IG Index which offers spread betting

IG currently

It is one of the world’s largest financial intermediaries, with a presence in 20 countries, a customer base of over 381,000, 2,500 employees, and operations on all five continents, with headquarters in London.

The current IG Group CEO sice October 2018 is June Yee Felix

June Yee Felix has been instrumental in the Company’s evolution as a leading global fintech. Under her leadership, the Group has achieved significant geographic and product diversification and growth in key markets like Japan and growth via strategic acquisitions such as tastytrade, a leading, US-based trading ecosystem.
Prior to her current role, she served as a non-executive director of the Company from 2015.

IG regulation

IG Markets is regulated by the Financial Conduct Authority (FCA), the British organization in charge of supervising financial activities, with reference number. 195355

What is the Financial Conduct Authority?

The Financial Conduct Authority (FCA) is the organisation responsible for the regulation and oversight of the financial markets and financial service firms in the UK. The FCA protects consumers, keeps the financial services industry stable and promotes healthy competition between different firms within the sector.