This comparison overview helps customers who have a hard time to select in between IG Trading and Interactive Brokers to locate the very best online broker for their trading and financial investment demands. It assesses the highlights of both brokers side by side to assist customers compare their solution and make an informed decision.
To aid individuals pick the appropriate broker in between IG Trading and Interactive Brokers to discover the best-suited system, listed below is a list of broker’s pros and cons, adhered to by a comparison of their major trading functions, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, possessions, policy, and consumer support.
IG Trading vs. Interactive Brokers: Summary
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.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
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
Pros
- Low minimum deposit ($0)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
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
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
IG Trading vs. Interactive Brokers Comparison
Select up to 3 Brokers
IG Trading
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 1% |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | $18 | 0 |
| Forex (EUR/USD) | 0.6 pips | 0.2 pips + 0.08 to 0.20 bps times trade size comission |
| Stocks & ETF | 0.3 pips | $ 0.005 per share |
| CFD (Gold) | 0.3 pips | 0.02% |
| Crypto | 0 | 0.12% to 0.18% of trade value |
| Options | 0 | |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5500 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 1000 | 16.500 |
| ETF & Funds | 1000 | 35.000 |
| Crypto | 0 | 4 |
| Commodities | 0 | 1 |
| Indices | 0 | 3052 |
| Options | 0 | 50.000 |
| Futures | 0 | 245 |
| Bonds | 0 | 1.000.000 |
| Forex Instruments | 80 | 115 |
| CFD Indices & Funds | 80 | 13 |
| CFD Stocks | 12000 | 8.000 |
| CFD Commodities | 6 | 2 |
| CFD Crypto | 10 | 0 |
| CFD Bonds | 12 | 0 |
| Binary Options | 100 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IG Trading vs. Interactive Brokers Comparison Conclusion
The outcomes of our comparison of IG Trading vs. Interactive Brokers are wrapped up in the table below.
| Broker: | Best For: |
| IG Trading | Great overall multi-asset broker |
| Interactive Brokers | Stocks and ETFs |
Choosing the best selection in between IG Trading and Interactive Brokers can be difficult. Both on-line brokers have resemblances but differ relating to trading tools, systems & applications, policy, deposit & withdrawals, and research study and education. Selecting the most effective broker relies on customers’ trading & investment objectives, individual choices, and experience degree.
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.