Forex trading involves risk. Losses can exceed deposits

FDM public disclosures and risk warning

Forex trading involves risk. Losses can exceed deposits

The National Futures Association (NFA) requires Futures Commission Merchants (FCMs) and Forex Dealer Members (FDMs) to disclose specific information on their websites. In accordance with this rule, IG is providing the following information:

FDM business disclosure

Audited financial statement

Net capital summary

Daily customer liability

Transaction history data report

The NFA requires all FDMs, including IG, to disclose upon request by a customer, the following transaction data for the 15 transactions in the same currency pair that occurred immediately before and after the customer's transaction, limited to those transactions that occur 15 minutes before and after the customers’ transaction.

  • Execution date and time (to the nearest millisecond in eastern time)
  • Customer side (i.e. buy or sell)
  • Quantity
  • Currency pair
  • Execution price (including any mark-up)
  • Commission and other charges assessed by the FDM (if applicable)
  • Currency denomination of commission or other charges

You can log in and access the transaction data report for one of your trades via MyIG, or you can call 1-312-981-0500 to log a request with our support team.

Please note that not all IG customers are trading on the same spreads. For example, some of our customers have access to a tighter spread category and will therefore receive different bid/offer prices than customers trading on standard spreads. For this reason, you may see a discrepancy in execution price for trades that were entered at or near the same time.

Performance of non-discretionary retail forex customer accounts

Here IG will provide a quarterly update of active non-discretionary trading, including a breakdown of profitable and unprofitable accounts.

As IG only began operating in the US in January 2019, the first quarterly report will be produced for the calendar quarter ending March 31, 2019.

Risk warning

Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.

There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. IG is not responsible for communication failures or delays when trading via the Internet. IG employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.

Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. IG is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. IG has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.

Contact us

New Accounts

1 844 IG USA FX

newaccounts.us@ig.com

Trading Services

1 312 981 0498

helpdesk.us@ig.com