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In the Spotlight... Kevin Algeo from IG

As share trading becomes a more and more popular option for Aussies wanting to make the most of what they’ve got, online share trading platforms are set to play a bigger role in the market. But how do you find the right one?

Starting off on the right foot with a top notch share trading platform is key, something Mozo Experts Choice Online Share Trading Award winner IG understands. We sat down with IG Head of APAC and Africa Kevin Algeo to get the inside scoop on what sets the IG Share Trading platform apart from the pack.

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Monday 23 September 2019

Article by Kelly Emmerton

A trading platform that won’t hold you back

IG was one of a very short list of winners in the Mozo Experts Choice Online Share Trading Awards in the regular trader category, and it’s no surprise. Its features read like a laundry list of everything a regular trader would want in an online broker, from live price data to independent broker reports.

According to Algeo, the IG Share Trading Platform was built with active traders in mind, with an eye towards “market leading technology, mobile trading and 24-hour support.”

“The platform is built on over 40 years of experience with our technology engineered for speed, stability and better prices – giving users the edge to trade,” he says.

IG began as a CFD trading platform, and it’s only relatively recently that it branched out into share trading. But in a short amount of time, it’s developed one of the more impressive services around - as evidenced by its Mozo Experts Choice Award win.

So why the step out into the world of share trading?

“IG has built a reputation as a global leader in CFD trading, underpinned by our market-leading platform technology,” Algeo says. 

“It was a natural progression for us to make this same technology available to share traders, providing a web and mobile solution to trade local and international shares from a single account.”

Low cost platform for regular traders

When crowning Mozo Experts Choice Award winners, we analysed 61 share trading platforms from 23 providers, with only the top 10% walking away as winners. Our criteria included top notch features, but also the cost of trading on a platform.

As a winner, IG was judged to be one of the best value options we looked at, with commissions from just $8 per trade and a $50 per quarter fee. 

“By ensuring we don’t charge high rates, it allows for active clients to make frequent trades without the worry of large costs,” Algeo said.

Online brokers like IG typically offer better value when it comes to fees, but IG goes one step further, offering something that’s sure to tempt many Aussies: Qantas Frequent Flyer Points on your trades.

New clients can score up to 10,000 Qantas Points within three months of opening an IG Share Trading account (3,000 Qantas Points for 3 trades, 5,000 Qantas Points for 5 trades and 10,000 Qantas points for 10 trades) while existing customers can earn up to 5,000 Qantas Points (1,000 for 3 trades, 2,500 for 5 trades or 5,000 for 10 trades, all within one calendar month).

That’s a pretty nice touch.

The A-Z of share trading

For a lot of people, share trading is still a bit of a mystery and there can be a steep learning curve to get started. IG is doing it’s part to bring down the barriers stopping Aussies from getting involved by offering resources like user forums, educational courses and even a glossary of all the terms traders are likely to come across.

“As a beginner it can be very daunting to trade shares. With so much information and platforms available for investing your own equity, you need to make the best decision based on what you want to achieve,” Algeo says.

“What we provide is a framework of learning materials from beginner to advanced, so you have the best understanding to make your first or 100th trade.”

Tools of the trade

It’s not just beginners who need to keep up to date with the market and everything in it. They say knowledge is power, and no one understands that better than share traders. 

One of the reasons IG walked away with a Mozo Experts Choice Award this year was that it offers a number of handy features to help regular traders keep on top of the market, including in-depth analysis and push alert notifications. 

According to Algeo, one of the key tools available to IG customers from a technical analysis perspective is, “enabling up to 21 technical indicators on charts, all of which can be adjusted by the client’s preference.”

And, he says, these valuable resources hark back to IG’s roots as a CFD trading platform.

“Clients who trade CFDs require highly advanced and intuitive features to ensure that they can trade global markets at the touch of a button. This has allowed such features to be available to share traders,” he says.

What it takes to be a share trader

Of course, the share market is never without its risks. So what’s the one thing every share trader should have in their arsenal - aside from an award-winning platform to work from?

“All share traders should have a good understanding of risk management,” Algeo says. 

“Through our learning tools and materials, you can build upon this knowledge while trading through our platform.”