Forex4you vs IG Comparison
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 Forex4you and IG
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 3.8/5 | 4.1/5 |
| Foundation Year | 2006 | 1973 |
| Regulated in Countries | British Virgin Islands, Saint Vincent and the Grenadines, Belarus | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0.165 points |
| Max Leverage | 1:1000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Forex4you Review | IG Review |
Forex4you is suitable for experienced traders who appreciate the variety of platforms and analytical tools and beginners due to extensive training materials.
Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.
Forex4you Review
Forex4you is a broker with years of experience in the market, offering its clients a variety of trading instruments and platforms. On one hand, the broker provides exciting opportunities such as the Cashback program and various analytical tools. On the other hand, certain aspects, such as commissions and limited deposit methods, may pose particular difficulties for traders.
Forex4you is probably most suitable for intermediate and experienced traders looking for flexibility in choosing trading platforms and value analytical tools.
Pros and Cons of Forex4you
Pros
- Variety of trading accounts.
- Cashback program.
- Variety of trading platforms.
- Many analytical tools.
- Fast and professional response of the support service.
Cons
- Swaps are above the market average.
- Limited deposit methods.
- Limited product selection.
Forex4you 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
| Broker | Forex4you | IG |
|---|---|---|
| Reliability | 4/5 | 5/5 |
| Foundation Year | 2006 | 1973 |
| Regulated in Countries | British Virgin Islands, Saint Vincent and the Grenadines, Belarus | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Regulators | BVIFSC BVIFSC SVGFSA SVGFSA НБ РБ НБ РБ | FCA FCA BMA BMA BaFin BaFin FSAN FSAN AFM AFM CONSOB CONSOB CNMV CNMV ACPR ACPR FI FI FINMA FINMA NFA NFA CFTC CFTC ASIC ASIC NZ FMA NZ FMA JFSA JFSA JFFA JFFA MAS MAS FSCA FSCA DFSA DFSA |
Forex4you
Forex4you broker is registered in the British Virgin Islands, St. Vincent and the Grenadines, and Belarus.
Pros
- International regulation (BVIFSC and SVGFSA).
- Regulation by the National Bank of the Republic of Belarus.
Cons
- Lack of regulation in major financial centers (e.g., EU or USA).
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
Account Opening
| Broker | Forex4you | IG |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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Forex4you
Opening an account with the broker is simple and convenient. Intuitive website navigation and quick access to the personal account area make the process extremely user-friendly.
Pros
- Simple registration form.
- Intuitive website navigation.
- Quick login to the personal account from the homepage.
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
| Broker | Forex4you | IG |
|---|---|---|
| Account Types | 5/5 | 2.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0.165 points |
| Max Leverage | 1:1000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Forex4you
Forex4you offers a variety of accounts, meeting the needs from beginners to professionals.
Pros
- Cent accounts for beginners.
- Trading accounts for experienced and professional traders.
- Own copy trading service Share4you
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
| Broker | Forex4you | IG |
|---|---|---|
| Commissions | 2.2/5 | 3/5 |
| Spread | from 0.1 points | from 0.165 points |
| Average Spread (EURUSD) | 0.2 | 1.1 |
| Commission per Lot | $4 | $6.48 |
Forex4you
Forex4you's commissions are above average.
Pros
- Cashback program available
Cons
- High commission per lot on Classic Pro account.
- Swaps higher than most competitors.
- Inactivity fee.
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
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 3/5 | 3.7/5 |
| Account Funding Methods |
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Forex4you
Forex4you offers convenient conditions for depositing and withdrawing funds via bank cards, but the choice of methods is limited.
Pros
- 0% commission for deposits and withdrawals.
- Instant credit on deposits.
Cons
- Lack of cryptocurrencies.
- No bank transfer option.
- Withdrawal time up to 6 business days.
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
| Broker | Forex4you | IG |
|---|---|---|
| Markets and Products | 3.2/5 | 5/5 |
| Forex | 40 | 99 |
| Precious Metals | 2 | 11 |
| Indices | 13 | 46 |
| Stocks | 89 | 13000 |
| Energy Carriers | - | 9 |
| Soft Commodities | - | 20 |
| ETF | - | 5400 |
| Bonds | - | 19 |
| Cryptocurrency | - | 15 |
Forex4you
Forex4you offers a variety of markets, but the product range is limited compared to competitors.
Pros
- Wide selection of currency pairs.
- Diverse markets.
Cons
- Lack of energy carriers and soft commodities.
- Overall number of CFDs below market standards.
IG
IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.
Trading Platforms
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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Forex4you
Forex4you offers high-quality and functional trading platforms, ensuring comfortable trading.
Pros
- Availability of popular platforms MT4 and MT5.
- Proprietary development - the Forex4you platform.
- Mobile versions for trading on the go.
IG
IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.
Analytics
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 4/5 | 5/5 |
Forex4you
Forex4you offers a wide range of analytical tools, providing traders with quality data for decision making.
Pros
- Extensive set of tools: news, technical analysis, economic calendar.
- Access to professional services such as Autochartist.
Cons
- Lack of in-depth fundamental analysis.
IG
IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.
Education
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
Forex4you
Forex4you training materials offer a comprehensive approach to learning with a wide range of topics and formats suitable for beginners and experienced traders.
IG
IG offers high-quality and comprehensive educational materials suitable for traders of various levels.
Customer Support
| Broker | Forex4you | IG |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
YouTube
Instagram
Telegram
Twitter
LinkedInForex4you
Forex4you's customer support provides a mixed experience, with quick response but also issues in some cases.
Pros
- Variety of communication channels.
- Quick response in chat and via email.
- Professionalism of the staff.
Cons
- Negative reviews about account freezing.
- Issues with fund withdrawal for some clients.
IG
IG provides fast and professional support.
