IG Group is first new entrant since 2009
It has been a troublesome decade for foreign exchange brokers in the US. Waves of regulation have thinned entry to foreign currency trading to some choices within the US — largely GAIN and OANDA.
Lastly, there’s a new entrant to shake issues up. London-based IG Group introduced the launch of IG US at this time. IG had left the US in 2011.
IG Group is planning to achieve market share
with an aggressive pricing technique. The corporate acknowledged in its official
announcement that US shoppers will acquire entry to over 80 foreign money
The agency additionally explicitly
acknowledged that it’s going to provide decrease spreads when in comparison with the highest two US
foreign exchange brokers. IG US will not be planning on charging its shoppers any
commissions, signaling that the brokerage is almost definitely planning to
make the market itself.
Let’s hope they’re the primary of many.