FXOpen 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 FXOpen and IG
| Broker | FXOpen | IG |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2004 | 1973 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | 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 points | from 0.165 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXOpen Review | IG Review |
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen 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 | FXOpen | IG |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2004 | 1973 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Regulators | - FCA FCA CySEC CySEC ASIC ASIC | 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 |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
Account Opening
| Broker | FXOpen | IG |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
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 | FXOpen | IG |
|---|---|---|
| Account Types | 5/5 | 2.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.165 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
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 | FXOpen | IG |
|---|---|---|
| Commissions | 3/5 | 3/5 |
| Spread | from 0 points | from 0.165 points |
| Average Spread (EURUSD) | 1.2 | 1.1 |
| Commission per Lot | $3.5 | $6.48 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
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 | FXOpen | IG |
|---|---|---|
| Rating | 4.2/5 | 3.7/5 |
| Account Funding Methods |
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FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
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 | FXOpen | IG |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 66 | 99 |
| Precious Metals | 3 | 11 |
| Energy Carriers | 3 | 9 |
| Indices | 12 | 46 |
| Stocks | 553 | 13000 |
| ETF | 56 | 5400 |
| Cryptocurrency | 41 | 15 |
| Soft Commodities | - | 20 |
| Bonds | - | 19 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
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 | FXOpen | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
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 | FXOpen | IG |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
IG
IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.
Education
| Broker | FXOpen | IG |
|---|---|---|
| Rating | 2/5 | 5/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
IG
IG offers high-quality and comprehensive educational materials suitable for traders of various levels.
Customer Support
| Broker | FXOpen | IG |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
InstagramFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
IG
IG provides fast and professional support.
