IG Group Holdings (LON:IGG), UK’s second largest forex broker in terms of market capitalization, has updated its proprietary trading app IG Trading for Android mobile devices.
The new version includes some bug fixes and enhanced navigation, but, according to user comments on Google Play, some are experiencing problems with updating prices when switching between watchlists.
The IG Trading app offers trading in more than 90 forex pairs, CFDs on shares of global companies, indices – FTSE 100 and all major global stock indices, commodities (gold, silver, copper, oil, etc.), spread betting and stockbroking (for UK and Ireland residents only). The tools include charts, news from Reuters, alerts, analysis instruments like technical indicators and drawing tools, live prices on global markets and customizable watchlists.
London-based IG Group was set up in 1974 as a spread betting provider, the first UK-based one at the time. Since then it has expanded to also offer trading in contracts for difference (CFDs), forex, binaries, and stocks.
It has more than 136,000 clients that are served from offices in 17 countries across the world, such as UK, Ireland, Australia, Singapore, New Zealand, South Africa, Switzerland and the United Arab Emirates. The group operates under the IG brand worldwide, and as the Nadex derivatives exchange in the US, after in 2012 it merged the brands IG Index and IG Markets into a single one – IG.
IG Group’s lead regulator is the UK’s Financial Conduct Authority (FCA), but its subsidiaries are also regulated by the relevant authorities in the countries where they operate. It is also a licensed bookmaker by the UK’s Gambling Commission.