IG Markets, CMC or GFT for CFDs?

[skc]

What are they then?

They are CFD providers. They are counterparty to your trade, whether it's market maker or DMA.

Brokers buy and sell stock on your behalf. CFD providers buy and sell CFDs to you. The DMA CFD providers concurrently enters the market to hedge their own exposure. They own the share, you own the CFD.

 

[MACD]

I use IG on a daily basis. I trade off my mobile phone, which works really well. They are great and I've had no issues with them at all. My only issue is the commissions are much higher that City Index.

Having said that, I will be switching to City once they release their Android phone App as I will save over $1000 p.m in commissions alone! Commissions are a cost of trading and need to be reduced where possible.