IG Trading vs. Interactive Brokers Comparison

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 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.

Interactive Brokers

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

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IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

Interactive Brokers

Interactive Brokers

Open account Read review

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

IG Trading logo
Interactive Brokers

Overall rating

4,2/5

4,9/5

Overall rating

4,2/5

4,9/5

Trading Platform & Tools

5.0

4.9

See details
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

3.7

4.9

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

4.9

See details
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

4.5

4.9

See details
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 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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.8

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

Customer Support

4.5

4.9

See details
Email
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 TradingGreat overall multi-asset broker
Interactive BrokersStocks 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.

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