Clients of London-based IG Group can now trade with all the peace of mind that an absolute cap on loss provides, and yet pay nothing if they don’t use it. The broker has introduced innovative guaranteed stops, which come free of charge unless the stop is hit. It’s like an insurance policy where you don’t pay the premium unless you claim.
With the new guaranteed stops clients of IG still get the same watertight protection against slippage, but potentially with no cost. Here are the key advantages of this risk management tool:
- No fee for placing a guaranteed stop on your position;
- A small premium is payable only if your stop is hit;
- Guaranteed stop premiums cut by 50% on all major FX pairs;
- Best value premiums in the market for most major indices and FX pairs.
Other risk management tools offered by IG Group include Stop losses, Trailing stops and Price alerts. What is more, the broker currently offers Introduction program for new clients with reduced minimum deal sizes for two weeks (CFDs and spread betting) and reduced commissions for six weeks (CFDs).
IG Group Holdings (LON:IGG) is UK’s largest forex broker in terms of market capitalization. Yesterday its stock price hit a 52 week and all-time high, closing the day at £8.53. Actually the good performance on the London Stock exchange is probably triggered by the reporting of financial results for FY 2016 on Tuesday, which are ahead of expectations: revenue is up 14% and profit rises to £207.9 million.
Established back in 1974, London-based IG Group has expanded to a global provider of contracts for difference (CFDs), forex, binaries, spread betting and stocks. It has more than 136,000 clients serviced by offices in 17 countries across the EU, the US, Asia, and Africa.
IG Group’s main 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. The company is also a licensed bookmaker by the UK’s Gambling Commission.