IG Group will no longer provide services in South Africa

IG Group, The well known broker announced recently that the broker shut down its operations in South Africa. As of today, clients under its South African division are no longer permitted to open new positions.

According to the company, “We are hereby providing notice of termination of the contract between us. This change does not affect any international (offshore) accounts you may hold with IG based in the UK or elsewhere – all positions in your offshore accounts will continue unaffected.”

“This decision wasnt made lightly, and our priority is supporting you through a smooth transition,” the email added. “We have decided to offer an extended notice period of 60 days to provide you with additional flexibility in determining when you want to close out your open positions.”

IG Group has announced a deadline of 28 July 2025 (4 p.m. Central Africa Time) for existing clients to close all open positions. However, the broker has not provided a specific reason for the closure.

About IG

IG is a well established - company and regulated by multiple international financial bodies, including the ASIC, FCA, FSA, FMA, MAS, and DFSA. It offers access to a 17,000+ markets, including forex, indices, shares, commodities, and cryptocurrencies. The company provides multiple trading platforms, including L2 dealer, ProRealTime, MT4, and TradingView.