IG is a trading name of IG Markets Ltd, a British broker, which offers for trading the well-known MetaTrader 4 platform and its own developed web application called IG Dealing Platform.
After logging into the platform, the default workspace is loaded. It consists of a menu bar at the top and four windows that can be resized, moved or closed. If closed, they can be reopened using their name button on the menu bar.
All instruments available for trading are shown in the Finder window at the left side of the workspace. They are arranged in expandable asset groups and can also be found by typing their name in the search box. Once found, the desired instrument can be added to the My Watchlist window, Prices window, Order to Open window (for pending orders) or can be placed market orders by opening a Deal Ticket window. It can be detachable monitored in a separate window.
The next window on the right side is the Popular Markets window. It consists of only 4 instruments that IG assumes as most popular. Clicking on the instrument name opens the CFD ticket window. Clients can place market or pending orders from here. The instant execution model allows take profit and stop loss orders to be set before entering the market. There is an option for guaranteed stops but it is not free. ‘Click for more options’ button opens the same dropdown menu window that is available in the Finder window. Each window has a setting button that provides different viewing options. Instruments can be displayed as a list (big or small) or as pairs (cubes). Open positions are shown in the corresponding window and clicking on the instrument that is in it opens the CFD ticket window.
Charts can be opened from the Charts button in the menu bar or in any other window where this button is. Chart window can be maximized or detached outside the workspace. Orders can be made directly from this window. Prices of open positions and pending orders are displayed as lines. Orders properties can be modified by dragging lines to the new levels. Thus, all trading actions can be done from the chart window. There are 16 time-frames – from a tick to 1 month. The next tab in this window is for indicators. They are represented as icons, alphabetically sorted. The drawings tab includes arrows, trend lines, support/resistance lines and Fibonacci retracement. The layout properties can be saved for further use. The mouse scroll wheel is used for zooming. There are buttons for printing or saving the current chart.
The main menu buttons give clients quick access to news, economic calendar, third party analysis and Autochartist that recognizes patterns in charts.