FOREX.com vs IG Comparison

Last updated Mar 28, 2025
FOREX.com LogoFOREX.com
4.1/5
Register68-81% of retail investors lose money when trading CFDs with this broker
VS
IG LogoIG
4.1/5
Register68-72% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of FOREX.com and IG

BrokerFOREX.comIG
Rating
4.1/5
4.1/5
Foundation Year20001973
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaUnited Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD
Spreadfrom 0.1 pointsfrom 0.165 points
Max Leverage1:501:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer
ReviewFOREX.com Review IG Review

FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.

Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.

FOREX.com Review

FOREX.com Logo
Register68-81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
FOREX.comNinja TraderMetaTrader 4TradingView
compare FOREX.com trading accounts

FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.

Pros and Cons of FOREX.com

Pros

  1. Broker with many years of history and a global reputation.
  2. A variety of deposit methods.
  3. A wide variety of available markets and products.
  4. Advanced analytical tools and daily updates from the company's professionals.
  5. Comprehensive educational materials for all levels of traders.

Cons

  1. Lack of specialized accounts.
  2. High transaction fee on DMA Account.

FOREX.com is in the top 10 of the following ratings:

IG Review

IG Logo
Register68-72% of retail investors lose money when trading CFDs with this broker
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 4IG Trading PlatformL2 Dealer
compare IG trading accounts

IG is a highly regulated broker with licenses from reliable financial authorities, providing clients with high funds protection. Thanks to narrow spreads, traders can effectively manage their costs and increase the profitability of their operations. Quality trading platforms and advanced analytical tools support informed trading decisions, while extensive educational resources make IG attractive to traders of all experience levels.

Pros and Cons of IG

Pros

  1. Licenses from regulators with a high level of credibility.
  2. Tight spreads.
  3. A variety of markets and products.
  4. Extensive set of analytical tools and content.
  5. Quality educational resources for different levels of traders.

Cons

  1. Limited choice of trading accounts.
  2. High trading fee on DMA account.
  3. Inactivity fee.
  4. Limited choice of payment methods.

IG is in the top 10 of the following ratings:

Reliability

BrokerFOREX.comIG
Reliability
5/5
5/5
Foundation Year20001973
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaUnited Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates
Regulators

FOREX.com

The company is strictly regulated, has a long-standing market presence, and is open to investors.

Pros

  1. Broad global regulation.
  2. Long-term market presence.
  3. Parent company traded on NASDAQ.

IG

The company is subject to numerous international regulators, ensuring a high degree of transparency.

Account Opening

BrokerFOREX.comIG
Account Opening
4/5
4/5
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD

FOREX.com

The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.

Pros

  1. Transparent registration process.
  2. Strict verification for security.

Cons

  1. Verification may take time.
  2. A lot of information is required.

IG

The account opening process is simple, fast, and convenient for traders of any experience level.

Pros

  1. No minimum deposit required.
  2. Quick registration process (5-10 minutes).

Cons

  1. Necessity to provide extensive personal and financial information.
  2. Verification may take a couple of days.
  3. There is a possibility of being denied account opening.

Account Types

BrokerFOREX.comIG
Account Types
3.5/5
2.5/5
Trading Accounts
  • Standard
  • MT4
  • DMA
  • CFD
  • DMA
Minimum Deposit
  • 100 USD
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 CHF
  • 1 AUD
  • 1 NZD
  • 1 JPY
  • 1 NOK
  • 1 SEK
  • 1 SGD
  • 1 HKD
Spreadfrom 0.1 pointsfrom 0.165 points
Max Leverage1:501:200
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer
Demo Account
Swap-free Account

FOREX.com

FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.

Pros

  1. Direct Market Access account available.
  2. Demo account for strategy testing.
  3. The ability to trade on behalf of a company.

Cons

  1. No cent accounts.
  2. No Islamic accounts.
  3. No options for passive investing.

IG

IG offers a limited selection of accounts, meeting the basic needs of traders, but not accommodating specific requirements.

Pros

  1. Availability of DMA account for professional traders.
  2. Premium service offered for high-value clients.
  3. Free demo account for practice and training.

Cons

  1. Absence of Islamic and investment accounts.
  2. No fixed spread accounts and cent accounts.

Commissions

BrokerFOREX.comIG
Commissions
2.2/5
3/5
Spreadfrom 0.1 pointsfrom 0.165 points
Average Spread (EURUSD)1.31.1
Commission per Lot$6.48$6.48

FOREX.com

FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.

Pros

  1. Potential reduction in commissions with increased trading volume.
  2. Rebate program for major American traders.
  3. No fees for deposits and withdrawals.

Cons

  1. High transaction commission on DMA accounts.
  2. Inactivity fee.
  3. High swaps.

IG

IG provides an average level of commissions, with low spreads but high transaction fees on DMA accounts.

Pros

  1. Low spreads.
  2. No fees for deposits/withdrawals.

Cons

  1. High transaction fee on DMA account.
  2. Inactivity fee.
  3. Currency conversion fee and guaranteed stop fee.

Deposit and Withdrawal

BrokerFOREX.comIG
Rating
4.3/5
3.7/5
Account Funding Methods
  • Neteller
  • Skrill
  • Bank Transfer
  • Credit and Debit Cards
  • PayPal
  • Bank Transfer
  • Credit and Debit Cards

FOREX.com

FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.

IG

Broker IG offers an average level of services for deposits/withdrawals, not charging a fee, but has limitations on available methods.

Pros

  1. No commission for funding and withdrawal.
  2. PayPal available as a deposit/withdrawal option.
  3. Transparent information about limits.

Cons

  1. Absence of cryptocurrencies and most electronic wallets.
  2. Withdrawal processing time can take up to 5 business days.
  3. Restrictions on the minimum withdrawal amount.

Markets and Products

BrokerFOREX.comIG
Markets and Products
4.5/5
5/5
Forex9199
Precious Metals1611
Energy Carriers149
Soft Commodities2220
Indices5446
Stocks550013000
ETF3185400
Bonds1419
Cryptocurrency1215

FOREX.com

Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.

IG

IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.

Trading Platforms

BrokerFOREX.comIG
Rating
5/5
5/5
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 4
  • IG Trading Platform
  • L2 Dealer

FOREX.com

FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.

IG

IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.

Analytics

BrokerFOREX.comIG
Rating
5/5
5/5

FOREX.com

Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.

IG

IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.

Education

BrokerFOREX.comIG
Rating
5/5
5/5

FOREX.com

FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.

IG

IG offers high-quality and comprehensive educational materials suitable for traders of various levels.

Customer Support

BrokerFOREX.comIG
Rating
5/5
5/5
Email Support
  • global.support@forex.com
  • sales.en@ig.com
  • newaccounts.uk@ig.com
Hotline Phones
  • +44 207 429 7900
  • 0800 032 1948
  • +44 (20) 7633 5430
Social Media

FOREX.com

FOREX.com provides excellent technical support with fast and professional service, available 24/7.

IG

IG provides fast and professional support.

Alternatives to FOREX.com and IG

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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