Interactive Brokers vs. IG

Page Summary

Interactive Brokers and IG are top online brokers offering many platforms and assets. Interactive Brokers is a top choice for professional traders as it has many premium tools. It has top-tier licenses from the FCA and SEC. Interactive Brokers offers a premium trading experience with excellent tools and platforms. We recommend it for experienced traders based outside of the United States. 

IG offers well-designed and easy-to-customize trading platforms. It has a straightforward deposit and withdrawal process and impressive educational materials. IG has top-tier licenses from the FCA and BaFin. We recommend it for new traders because of its comprehensive learning and research tools. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and IG. 

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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.

IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

BROKER COMPARISON

Interactive Brokers
IG Trading logo

Overall rating

4,9/5

4,2/5

Overall rating

4,9/5

4,2/5

Trading Platform & Tools

4.9

5.0

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 $18
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 0.6 pips
Stocks & ETF $ 0.005 per share 0.3 pips
CFD (Gold) 0.02% 0.3 pips
Crypto 0.12% to 0.18% of trade value 0
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

4.9

1.3

See details
Minimum deposit (in UAE) $0 $5500
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.5

See details
Shares 16.500 1000
ETF & Funds 35.000 1000
Crypto 4 0
Commodities 1 0
Indices 3052 0
Options 50.000 0
Futures 245 0
Bonds 1.000.000 0
Forex 115 80
CFD Indices & Funds 13 80
CFD Stocks 8.000 12000
CFD Commodities 2 6
CFD Crypto 0 10
CFD Bonds 0 12
Binary Options 0 100
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

4.8

4.3

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

Customer Support

4.9

4.5

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

Winner

Top findings from the Interactive Brokers vs. IG review:  

  1. Interactive Brokers offers professional tools and platforms for experienced traders. 
  2. IG has many reliable learning tools and easy-to-understand platforms. 
  3. Both brokers offer a proprietary platform, an active trader discount, and a demo account. 

We recommend Interactive Brokers for non-US-based traders looking for professional platforms. IG is a better choice for beginners as it has many educational resources and analysis tools. 

Level of experience  

Interactive Brokers offers access to many professional tools. It has Paper Trading, webinars, and articles. Interactive Brokers has a premium proprietary platform and excellent research tools. It is a top choice for experienced traders, as its platforms are challenging for beginners to learn. 

IG offers a leading web platform with useful educational and research tools. It has a virtual trading account and many learning resources, including training videos. IG has user-friendly and advanced research tools. We recommend it for traders of all levels of experience, especially beginners. 

Fees  

The initial deposit fee at Interactive Brokers is $0, while at IG is £250. Both brokers offer an active trader discount. 

Assets  

Interactive Brokers has 105 forex currency pairs, while IG has 104 available pairs. IG provides access to 19537 CFDs, while Interactive Brokers has 7400 available CFDs. 

Trading platform  

The Interactive Brokers trading platforms are an excellent choice for professionals. These come with reliable tools, a massive asset offering, and market research capabilities. Its mobile app offers access to professional charting tools. The web and desktop platforms focus on professional traders. 

IG has some of the leading trading platforms for both new and experienced traders. It offers a web and mobile platform with a straightforward design and secure authentication. IG has an excellent learning center with webinars, trading videos, and forex education. We recommend it for inexperienced traders. 

Banking services  

Banking services are essential for an excellent online trading experience. IG has many funding options, including bank transfers, credit/debit cards, and PayPal. Interactive Brokers offers bank transfers as its funding solution. 

Final verdict  

Interactive Brokers and IG are the top online brokers. Both have strengths and weaknesses, depending on your needs and trading skills. We recommend Interactive Brokers for professionals because of its premium tools. IG is a better fit for new traders as it offers user-friendly platforms and educational materials. 

Interactive Brokers compared to other brokers:

Interactive Brokers Review

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