IG vs NordFX Comparison: Which Is Better for Traders?
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 - IG or NordFX?
Our pick: IG
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - IG looks preferable to NordFX.
IG scored 4.1/5 and ranks 38 in our all Forex brokers list, whereas NordFX has 3.5/5 and ranks 58.
This is not financial advice. See the full comparison below.
Who is IG suitable for?
Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.
Who is NordFX suitable for?
NordFX suits traders who prefer MetaTrader 4 and value various analytical tools. It is perfect for those who prioritize individual support and tight spreads.
Comparison Table of IG and NordFX
| Broker | IG | NordFX |
|---|---|---|
| Rating | 4.1/5 | 3.5/5 |
| Foundation Year | 1973 | 2008 |
| Regulated in Countries | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates | — |
| Minimum Deposit |
|
|
| Spread | from 0.165 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
|
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| Review | IG Review | NordFX Review |
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:
NordFX Review
NordFX is a broker with various trading accounts and conditions, making it attractive for different categories of traders — from beginners to professionals. Tight spreads and analytical tools are backed by good technical support, which is a significant plus.
NordFX is suitable for traders who prefer to use MetaTrader 4 and who do not require a wide range of CFDs or alternative trading platforms. This broker is perfect for those seeking diverse market analysis options and personalized support.
Pros and Cons of NordFX
Pros
- Diversity of trading accounts and services.
- Tight spreads.
- Wide range of deposit and withdrawal methods.
- Extensive set of analytical tools.
- Good customer support.
Cons
- Lack of regulation.
- High commission on Zero account.
- Long withdrawal request processing time.
- Lack of soft commodities and limited overall number of CFDs.
- There are no alternatives to MT4.
NordFX is in the top 10 of the following ratings:
Reliability
| Broker | IG | NordFX |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 1973 | 2008 |
| Regulated in Countries | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates | — |
| Regulators | 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 | - |
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
NordFX
NordFX holds legal registration, but the lack of regulation diminishes its reliability, which is crucial for protecting client interests.
Account Opening
| Broker | IG | NordFX |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
|
|
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.
NordFX
Registration is simple and intuitive, with minimal requirements to start trading. Verification, while mandatory, complies with international standards.
Account Types
| Broker | IG | NordFX |
|---|---|---|
| Account Types | 2.5/5 | 5/5 |
| Trading Accounts |
|
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| Minimum Deposit |
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| Spread | from 0.165 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
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.
NordFX
NordFX offers a wide range of account types and services.
Pros
- Flexible options for different traders.
- PAMM accounts and copy trading available.
- VPS available.
Cons
- Lack of cent accounts.
Commissions
| Broker | IG | NordFX |
|---|---|---|
| Commissions | 3/5 | 2.5/5 |
| Spread | from 0.165 points | from 0 points |
| Average Spread (EURUSD) | 1.1 | 1.2 |
| Commission per Lot | $6.48 | $3.5 |
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.
NordFX
NordFX's commission policy is quite flexible and offers various options for different types of traders.
Pros
- Flexible commission system suitable for different strategies.
- Tight spreads on the Pro account.
Cons
- Above-average transaction commission on the Zero account.
- Inactivity fee.
- High swaps.
Deposit and Withdrawal
| Broker | IG | NordFX |
|---|---|---|
| Rating | 3.7/5 | 4/5 |
| Account Funding Methods |
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|
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.
NordFX
NordFX offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies. Most transactions are processed quickly, but withdrawal times can take up to 5 business days.
Pros
- Numerous available deposit methods.
- Competitive commissions.
- Instant account funding.
Cons
- Withdrawal time up to 5 business days.
- Withdrawal only by the same method as deposit.
- Verification required for fund withdrawal.
Markets and Products
| Broker | IG | NordFX |
|---|---|---|
| Markets and Products | 5/5 | 4/5 |
| Forex | 99 | 33 |
| Precious Metals | 11 | 2 |
| Energy Carriers | 9 | 3 |
| Soft Commodities | 20 | - |
| Indices | 46 | 4 |
| Stocks | 13000 | 68 |
| ETF | 5400 | - |
| Bonds | 19 | - |
| Cryptocurrency | 15 | 15 |
IG
IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.
NordFX
NordFX offers a variety of markets, including currencies, metals, and cryptocurrencies. However, the selection is limited compared to competitors, especially in terms of CFDs and the lack of soft commodities.
Pros
- Diversity of asset classes.
- Access to 15 cryptocurrencies.
Cons
- Lack of soft commodities.
- Limited number of CFDs.
Trading Platforms
| Broker | IG | NordFX |
|---|---|---|
| Rating | 5/5 | 3/5 |
| Trading Platforms |
|
|
IG
IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.
NordFX
NordFX provides the MetaTrader 4 platform, which is reliable and feature-rich. The platform is available on various devices, including MultiTerminal for managing multiple accounts.
Pros
- Reliable and proven MT4 platform.
- Desktop and mobile versions available.
- MultiTerminal for managing multiple accounts.
Cons
- Lack of a web-based platform.
- Limited choice of trading platforms.
Analytics
| Broker | IG | NordFX |
|---|---|---|
| Rating | 5/5 | 4/5 |
IG
IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.
NordFX
NordFX boasts strong analytics. A variety of tools are offered: weekly forecasts, economic calendar, trader's calculator.
Pros
- Weekly forecasts for Forex and cryptocurrencies.
- Economic calendar.
- Convenient calculator for estimating potential profits.
Cons
- Lack of trading signals.
- Insufficient analytics from company experts.
- Limited selection of analytical materials.
Education
| Broker | IG | NordFX |
|---|---|---|
| Rating | 5/5 | 4/5 |
IG
IG offers high-quality and comprehensive educational materials suitable for traders of various levels.
NordFX
The broker offers a variety of video and audio courses, as well as useful articles in the blog, which is a plus for self-directed trader education.
Pros
- Variety of formats: video, audio, articles.
- Materials for different skill levels.
- Regular blog publications.
Cons
- Lack of webinars.
- No seminars or master classes.
- No personalized training.
Customer Support
| Broker | IG | NordFX |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
Facebook
LinkedIn
YouTube
Pinterest
TelegramIG
IG provides fast and professional support.
NordFX
NordFX technical support deserves high praise for the variety of communication channels and the effectiveness of the solutions provided. Client reviews highlight the high level of service.
Pros
- 24/7 availability.
- Multiple communication channels: live chat, email, phone.
- High level of staff professionalism.
Comparisons of IG and NordFX with other brokers
Conclusion
IG stands out as the better overall pick, while NordFX trails on aggregate criteria.
IG scored 4.1/5 and ranks 38 in our rating; NordFX has 3.5/5 and ranks 58.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: IG or NordFX?
IG comes out ahead by overall rank (score 4.1/5, position 38) versus NordFX (score 3.5/5, position 58).
Which broker is better for beginners: IG or NordFX?
IG is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — IG or NordFX?
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 IG and NordFX?
IG: MetaTrader 4, IG Trading Platform, L2 Dealer. NordFX: MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with IG and NordFX?
IG: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. NordFX: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by IG and NordFX?
IG: CFD, DMA. NordFX: Fix, Pro, Zero. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by IG and NordFX?
IG: PayPal, Bank Transfer, Credit and Debit Cards. NordFX: WebMoney, Skrill, Neteller, Perfect Money, Dragonpay, AstroPay, TC Pay, FasaPay, Boleto, DOKU Wallet, Binance Pay, Swift, Visa, Mastercard, Ngan Luong, Help2pay, PayTrust88. Check method-specific fees/settlement times.
Which broker is safer — IG or NordFX — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
