IG Bank is a member of UK-based IG Group. IG Group was founded in 1974 to be focused on OTC leveraged derivatives trading. In 1998 IG Group created the first online dealing platform for financial spread betting. IG Group provide trading and investment services to clients worldwide, and have offices in 16 countries over the world. IG Group is still focused on contracts for difference (CFDs) and spread betting, while extending its product range with non-leveraged share dealing and wealth-management products. IG Bank specializes in providing online leveraged CFD trading services.
Becoming a client of IG Bank S.A. can be done in a few steps:
Due to regulatory requirements IG Bank S.A. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual IG Bank S.A. will ask him/her to provide the following documents: passport; proof of address. For corporate clients IG Bank S.A. will ask to provide corporate documentation as well as information about controlling persons. IG Bank S.A. may request additional documentation or information depending on the case. IG Bank S.A. performs client's identity verification via instant online verification. Account opening procedure is usually completed within 5 minutes.
IG Bank S.A. is the 229th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 86,22 mln CHF, providing the bank with the market share of 0.00%. IG Bank S.A. is the 71st largest foreign-controlled bank in Switzerland (out of 71 foreign-controlled banks) having market share of 0.04% amongst the banks of this category. In 2018 the bank's annual profit was 600 000,00 CHF. IG Bank S.A. had 18 employees in 2018.
IG Bank S.A. participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. IG Bank S.A. is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
IG Bank S.A. is headquartered in Genève.
IG Bank S.A. has profiles at the following social networks:
IG Bank S.A. is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-141.784.032).