FOREX.com vs IG Comparison
Compare trading conditions, commissions and platforms of Forex brokers FOREX.com and IG. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FOREX.com or IG?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FOREX.com
- Minimum deposit · USD
- 100 USD
- Different platforms
- FOREX.com
- Ninja Trader
- TradingView
IG
- Minimum deposit · USD
- 1 USD
- Different platforms
- IG Trading Platform
- L2 Dealer
Comparison Table of FOREX.com and IG
Swipe the table left or right to view all data.
| Broker | FOREX.com | IG |
|---|---|---|
| Foundation Year | 2001 | 1974 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Minimum Deposit |
|
|
| Spread | from 0.1 points | from 0.165 points |
| Max Leverage | 1:50 | 1:200 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | FOREX.com Review | IG Review |
FOREX.com Review
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
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com is in the top 10 of the following ratings:
IG Review
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
- Licenses from regulators with a high level of credibility.
- Tight spreads.
- A variety of markets and products.
- Extensive set of analytical tools and content.
- Quality educational resources for different levels of traders.
Cons
- Limited choice of trading accounts.
- High trading fee on DMA account.
- Inactivity fee.
- Limited choice of payment methods.
IG is in the top 10 of the following ratings:
Reliability
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| Broker | FOREX.com | IG |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 1974 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | United 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
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
Account Opening
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| Broker | FOREX.com | IG |
|---|---|---|
| Account Opening | 4/5 | 4/5 |
| Minimum Deposit |
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|
FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
IG
The account opening process is simple, fast, and convenient for traders of any experience level.
Pros
- No minimum deposit required.
- Quick registration process (5-10 minutes).
Cons
- Necessity to provide extensive personal and financial information.
- Verification may take a couple of days.
- There is a possibility of being denied account opening.
Account Types
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| Broker | FOREX.com | IG |
|---|---|---|
| Account Types | 3.5/5 | 2.5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
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| Spread | from 0.1 points | from 0.165 points |
| Max Leverage | 1:50 | 1:200 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- 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
- Availability of DMA account for professional traders.
- Premium service offered for high-value clients.
- Free demo account for practice and training.
Cons
- Absence of Islamic and investment accounts.
- No fixed spread accounts and cent accounts.
Commissions
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| Broker | FOREX.com | IG |
|---|---|---|
| Commissions | 2.2/5 | 3/5 |
| Spread | from 0.1 points | from 0.165 points |
| Average Spread (EURUSD) | 1.3 | 1.1 |
| Commission | per $1M turnover$60.00 | per $1M turnover$60.00 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
IG
IG provides an average level of commissions, with low spreads but high transaction fees on DMA accounts.
Pros
- Low spreads.
- No fees for deposits/withdrawals.
Cons
- High transaction fee on DMA account.
- Inactivity fee.
- Currency conversion fee and guaranteed stop fee.
Deposit and Withdrawal
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| Broker | FOREX.com | IG |
|---|---|---|
| Rating | 4.3/5 | 3.7/5 |
| Account Funding Methods |
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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
- No commission for funding and withdrawal.
- PayPal available as a deposit/withdrawal option.
- Transparent information about limits.
Cons
- Absence of cryptocurrencies and most electronic wallets.
- Withdrawal processing time can take up to 5 business days.
- Restrictions on the minimum withdrawal amount.
Markets and Products
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| Broker | FOREX.com | IG |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 91 | 99 |
| Precious Metals | 16 | 11 |
| Energy Carriers | 14 | 9 |
| Soft Commodities | 22 | 20 |
| Indices | 54 | 46 |
| Stocks | 5500 | 13000 |
| ETF | 318 | 5400 |
| Bonds | 14 | 19 |
| Cryptocurrency | 12 | 15 |
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
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| Broker | FOREX.com | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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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
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| Broker | FOREX.com | IG |
|---|---|---|
| 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
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| Broker | FOREX.com | IG |
|---|---|---|
| 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
Swipe the table left or right to view all data.
| Broker | FOREX.com | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| 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.
Comparisons of FOREX.com and IG with other brokers
Conclusion
When choosing between FOREX.com and IG, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FOREX.com or IG?
FOREX.com ranks higher than IG in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FOREX.com or IG?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FOREX.com or IG?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FOREX.com and IG?
FOREX.com: FOREX.com, Ninja Trader, MetaTrader 4, TradingView. IG: MetaTrader 4, IG Trading Platform, L2 Dealer. See the “Platforms” section for details and selection tips.
What markets can you trade with FOREX.com and IG?
FOREX.com: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. IG: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FOREX.com and IG?
FOREX.com: Standard, MT4, DMA. IG: CFD, DMA. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FOREX.com and IG?
FOREX.com: Neteller, Skrill, Bank Transfer, Credit and Debit Cards. IG: PayPal, Bank Transfer, Credit and Debit Cards. Check method-specific fees/settlement times.
Which broker is safer — FOREX.com or IG — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
