Forex.com vs. IG Trading Comparison

This contrast guide helps users that have a hard time to pick between Forex.com and IG Trading to find the most effective online broker for their trading and financial investment demands. It analyzes the main features of the two brokers side-by-side to help users compare their service and make an informed decision.

To aid customers choose the ideal broker between Forex.com and IG Trading to find the best-suited platform, listed below is a listing of broker’s pros and cons, adhered to by a contrast of their main trading attributes, consisting of trading platforms & tools, fees, mobile trading, down payment & withdrawal, possessions, guideline, and customer support.

Forex.com vs. IG Trading: Summary

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

IG Trading logo

IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.

IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.

IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.

IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.

Pros

  • Low minimum deposit ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

Pros

  • Regulated by 8 tier-one regulators
  • Low average spreads from 0.82 pips EUR/USD
  • Wide range of trading platforms and third party plugins
  • Extensive research and education resources
  • Wide range of platforms

Cons

  • Slightly higher fees on CFDs
  • Limited banking options

Key features

  • Competitive trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

Key features

  • Access to 20,000 tradable symbols
  • Compatible with MT4, L2 Dealer and ProRealTime
  • Unlimited demo paper trading account
  • Advanced research and analysis tools (L2 Dealer and ProRealTime)
  • Availability of EA’s and other automated trading software
  • Free trading signals and alerts

Forex.com vs. IG Trading Comparison

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Forex.com logo

Forex.com

Open account Read review

80% of retail CFD accounts lose money

IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

BROKER COMPARISON

Forex.com logo
IG Trading logo

Overall rating

4,4/5

4,2/5

Overall rating

4,4/5

4,2/5

Trading Platform & Tools

4.6

5.0

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.7

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $15 per month (after 12 months)
Cost Per Trade 0 0
Cost Per Month 0 $18
Forex (EUR/USD) 0.8 pips 0.6 pips
Stocks & ETF 0 + spread 0.3 pips
CFD (Gold) 0.8 0.3 pips
Crypto 0 0
Options 0 0
Conversion Fees 0.50%
Misc. Fees 0
Overnight Fees 2.50%

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

1.3

See details
Minimum deposit (in UAE) $100 $5500
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

4.5

See details
Shares 0 1000
ETF & Funds 0 1000
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 91 80
CFD Indices & Funds 17 80
CFD Stocks 9500 12000
CFD Commodities 22 6
CFD Crypto 8 10
CFD Bonds 0 12
Binary Options 0 100
SWAPS 0 0
Saving Plans 0 0

Regulation

4.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Forex.com vs. IG Trading Comparison Conclusion

The outcomes of our comparison of Forex.com vs. IG Trading are involved the table below.

Broker:Best For:
Forex.comForex and CFD trading and MT4
IG TradingGreat overall multi-asset broker

Picking the best option between Forex.com and IG Trading can be difficult. Both on-line brokers have resemblances however differ pertaining to trading tools, systems & apps, guideline, down payment & withdrawals, and research and education and learning. Picking the best broker depends upon individuals’ trading & investment goals, specific choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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