IG Group announces official launch of US retail FX business, aiming to shake things up
“The US forex market has been fairly stagnant and underserved,” said Rupert Osborne, IG US CEO.
Shortly after the launch of the website dedicated to its US retail Forex operations, online trading major IG Group Holdings plc (LON:IGG) announces the launch of IG US, its US-based subsidiary offering foreign exchange trading.
“At IG we pride ourselves on championing the client, I am excited to bring that same focus to serve the United States market,” said June Felix, IG Group CEO. “We see this initiative as a significant growth opportunity and we’re excited about IG’s future in the US.”
IG clients can trade over 80 currency pairs, with competitive spreads. The IG platform integrates news feeds and live TV with real time charts built with HTML5 technology. IG also offers its own native mobile apps for iOS and Android devices and supports MT4.
“The US forex market has been fairly stagnant and underserved,” said Rupert Osborne, IG US CEO. “We want to shake things up and offer US traders better pricing with 24-hour customer support on a newly designed platform – we want to give them a better way to trade forex.”
Let’s recall that, according to the BASIC system of the National Futures Association (NFA), IG US LLC secured a number of approvals on October 15, 2018. Back then, IG US LLC became officially registered as Retail Foreign Exchange Dealer (RFED), and Introducing Broker. It was also approved as Forex Dealer Member, Forex Firm and NFA Member.
IG believes that its retail FX offer in the US will be able to compete successfully in what is currently a limited competitive market with only three other providers. IG has the added benefit of the lead generation provided by the DailyFX website. Effective November 30, 2018, FX Publications Inc, doing business as Daily FX, became registered as NFA Member, Forex Firm, and Introducing Broker. IB is guaranteed by IG US LLC.