IG Group announces the launch of IG US

IG Group office

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UK online trading leader IG Group Holdings plc (LON:IGG) has just announced the launch of IG US, its US-based subsidiary offering foreign exchange (forex) services.

IG Group hires Verifone exec June Felix as CEO

June Felix, IG Group

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.

Through trading with IG US, clients will be able to trade on over 80 currency pairs with lower spreads vs the top two US forex brokers and zero commission.

Launched on January 31, IG US will initially be open to select clients, before being made available to the whole of the US market in early February. IG already has successful businesses operating in the US and is well placed to harness the experience from Nadex and DailyFX to drive further growth in the US.

The US forex market has been fairly stagnant and underserved,” commented Rupert Osborne, IG US CEO. “We are entering the market with an unrivalled offering, providing excellent client choice. We will offer US traders better pricing with 24-hour customer support on a newly designed platform – a better way to trade forex. It’s a really exciting time for IG

IG US is a Retail Foreign Exchange Dealer registered with the Commodity Futures Trading Commission (CFTC) and is a Forex Dealer Member of the National Futures Association (NFA).

LeapRate reminds that IG continues to expect that its revenue in FY19 will be lower than in FY18, reflecting the impact of the ESMA measures, and the exceptional performance in the second half of FY18 when revenue was boosted by the heightened level of interest in cryptocurrencies.

Spectrum, the Group’s multilateral trading facility (MTF), is expected to launch in May 2019.

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