Finance Feeds logo

IG Group announces official launch of US retail FX business, aiming to shake things up

Maria Nikolova

“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.

Subscribe

Read this next

Digital Assets

Kraken signs commitment to launch regulated business in Canada

San Francisco-based cryptocurrency exchange Kraken has filed a pre-registration undertaking with a Canadian provincial regulator as it works towards becoming a regulated provider in the country.

Interviews

TT’s Keith Todd brings fixed income and cybersecurity to FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Keith Todd about Trading Technologies’ move to fixed income after nearly 30 years of existence. TT is also proposing cooperation and transparency among competitors to tackle cyber risks.

Digital Assets

Binance joins FIDO Alliance to enhance user security with introduction of passkeys

“With passkeys, a user can quickly and safely sign in across multiple sites, apps, and devices with local biometric authorization. Binance will offer users a more secure and streamlined experience using passkeys on our platform without compromising on security”.

Digital Assets

ipaymy taps TripleA in Singapore for rent, invoices, taxes, salaries in Crypto

“Our white label crypto payment solution enables our partners to reap the benefits of accepting crypto payments, without managing crypto on their balance sheets. This makes it an ideal solution for businesses looking to offer cryptocurrency payments volatility-free.”

Industry News

London and New York rank joint first as top financial centers, according to…London

“The UK remains one of the most open and global financial centres with better access to international markets than the US, France, or Japan. But our competitive advantage is at risk.”

Interviews

Sterling Trading Tech (STT) discusses their Risk & Margin System at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Chief Customer Officer Keith Cacciola and Managing Director of Business Development Andrew Actman about STT’s competitive advantages, the challenges their clients face today, the firm’s product roadmap and new leadership at STT.

Institutional FX

Swedish online brokerage pioneer Nordnet deploys Citi Securities Lending Access platform

“Nordnet was one of the first online brokers in Sweden and has since expanded into a pan-Nordic leading digital platform for savings and investments. We are proud to add this collaborative initiative to our ever-growing list of market innovations for our customers.”

Digital Assets

Elwood integrates Fireblocks to further connect digital asset ecosystem

“As a first port of call, the integration of Fireblocks will enhance the portfolio management system experience for clients, providing users with a comprehensive view of their current and historical digital asset positions across all venues, including their Fireblocks movements and balances.”

Industry News

OKX to open office in Australia, starts rivalry with Kraken in Formula 1

“Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market.”

<
✖