AvaTrade vs IG
Wondering if AvaTrade or IG is the better broker? We compare their features to help you identify your ideal trading partner.
AvaTrade and IG are both reputable brokers, but they have key differences. AvaTrade excels at simplicity with one main account type, while IG offers more account varieties for specific needs. AvaTrade is highly regulated and has commission-free trading, but IG is regulated by more top-tier regulators and publicly traded, offering financial transparency. Both platforms provide excellent educational resources, although IG has a broader range.
Regulation & Trust
Both AvaTrade and IG have strong regulation and trust. AvaTrade holds licenses from seven regulators and has 15 years of experience. IG is with many top-tier regulators and part of a publicly traded company. Both have earned trust due to transparency and security measures.
Accounts & Banking
AvaTrade offers simple account options, suitable for beginners. It has a single retail account and a premium membership with more perks. IG offers several account types like CFD, share dealing, and spread betting. IG scores better for flexibility and wide range.
How To Open An Account
AvaTrade’s account opening is quick, taking less than 5 minutes. IG also has a straightforward process with clear steps. Both brokers provide user-friendly digital tools for setting up trading accounts efficiently.
Deposits & Withdrawals
Both brokers have flexible deposit and withdrawal options. AvaTrade scores well with no fees for deposits and fast processing. IG also offers various methods, including PayPal, though no crypto deposits. Both ensure easy fund management for traders.
Demo Account
Both brokers offer demo accounts. AvaTrade’s demo is unlimited, letting users test strategies extensively. IG offers $10,000 in virtual funds, also without a time limit, providing good practice opportunities for beginners. Both demos help new traders understand the platforms.
Assets & Markets
AvaTrade offers over 1,250 instruments, including a strong selection of indices and ETFs. IG offers more with over 17,000 assets and facilitates participation in international markets. They both provide access to popular trading instruments like Forex, stocks, and commodities.
Fees & Costs
AvaTrade has commission-free trading, but spreads can be wider than some brokers. IG offers competitive pricing for higher volume traders. Both have additional fees like inactivity charges, but IG’s fees may be higher for specific activities, such as withdrawals.
Platforms & Tools
AvaTrade supports several platforms like MT4, MT5, WebTrader, and AvaOptions. IG provides MT4, ProRealTime, and its flagship web platform. AvaTrade is praised for simplicity, while IG is favored for advanced features and flexibility, appealing to different trader needs.
Research
AvaTrade offers detailed market insights, signals, and analyst views. IG provides comprehensive market analysis through its IGTV and DailyFX. Both brokers offer quality research materials, though IG stands out with its interactive community and diverse research tools.
Education
Both brokers excel in educational resources. AvaTrade has a robust suite of courses and tutorials, beneficial for beginners. IG offers the IG Academy and app with multiple courses and quizzes. Both support traders seeking to deepen their market knowledge.
Customer Support
Customer support is strong with both brokers. AvaTrade offers 24/5 multilingual support via live chat, email, and phone. IG also provides efficient support with extended availability through email, phone, and social media. Both prioritize quick response times and user assistance.
Should You Trade With AvaTrade?
AvaTrade offers competitive trading for beginners and experienced alike. It has a user-friendly web platform, low minimum deposit, and educational resources. AvaTrade also appeals with its regulation and risk management tools. It’s a flexible choice for many traders.
Should You Trade With IG?
IG impresses with a wide selection of trading instruments and platforms. It is highly reliable due to robust regulation and financial transparency. IG is a leading choice for experienced traders seeking advanced tools and comprehensive educational resources.
Is AvaTrade or IG Better For Beginners?
AvaTrade is better for beginners with its simple account structure, low deposit, and intuitive platforms. The educational resources and unlimited demo account help new traders grasp trading fundamentals. AvaTrade focuses on ease and accessibility for novice traders.
Is AvaTrade or IG Better For Experienced Traders?
IG is better for experienced traders due to its extensive asset variety and advanced tools. Professionals benefit from IG’s complex trading platforms, market analysis, and research resources. IG’s flexibility and features cater to traders seeking broader market engagement.
Why Pick AvaTrade Over IG?
Pick AvaTrade for a simpler trading experience, user-friendly tools, and comprehensive educational content. Enjoy a low minimum deposit and no commission on trades. AvaTrade excels in demo usability, risk management like AvaProtect, and supporting new traders.
Why Pick IG Over AvaTrade?
Choose IG for its vast range of assets, transparency, and advanced trading tools. It offers diverse account types and superior research facilities. IG serves experienced traders looking for professional-grade analysis, education, and a robust trading environment.
AvaTrade vs IG Details
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AvaTrade
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IG
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Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience. | IG, established in 1974, is a branch of IG Group Holdings Plc, a publicly traded brokerage firm. IG provides spread betting, CFD, and forex trading across over 17,000 markets via easy-to-use platforms and investing apps. IG has remained a leading name in the trading industry for over five decades. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $300$100 | $0 |
| Trading Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Payment Methods | Boleto, Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Neteller, Perfect Money, Skrill, Swift, WebMoney, Wire Transfer | Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
| Account Currencies | USD, EUR, GBP, CAD, AUD | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
| Trust Rating | ||
| Assets & Markets Rating | ||
| Platforms Rating | ||
| Fees & Costs Rating | ||
| Customer Support Rating | ||
| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | AvaTradeGO provides a thorough mobile trading experience with an intuitive and user-friendly interface. This app allows rapid access to numerous markets like forex, stocks, indices, commodities, ETFs, and bonds. AvaTradeGO stands out due to its AvaProtect™ feature, providing a unique risk protection level hardly seen in other platforms. | IG provides an excellent trading app well-regarded among traders. Developed over several years, it has a quick response time, user-friendly interface, comprehensive charting, and dependable performance. The app also uniquely features guaranteed stops – a crucial risk management tool often unavailable on other tested apps. |
| Android App Rating | ||
| iOS App Rating | ||
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 2% | 2.5% |
| Account Types | STP, DMA, MAM, PAMM | DMA |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✓ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
| Copy Trading | ✓ | ✗ |
| Copy Trading Platform | AvaTrade is highly regarded for its social and copy trading tools. Traders have access to their in-house AvaSocial app and widely-used platforms like DupliTrade and ZuluTrade. It offers detailed performance metrics for you to select the best strategy provider to match your objectives and risk tolerance. | |
| Social Trading | ✓ | ✗ |
| Trade Signals | ✓ | ✓ |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✓ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✓ |
| Inactivity Fee | $50 | $12 |
| Islamic Account | ✓ | ✗ |
CFD Trading | ||
AvaTrade offers over 1250+ leveraged CFD products in various asset classes, such as stocks, indices, commodities, bonds, crypto, and ETFs. You can trade on both rising and falling prices using the broker’s advanced web and mobile platforms, which include top research tools for finding short-term trading opportunities. | IG offers a vast range of over 17,000 CFDs, one of the largest in the trading industry. Traders have the opportunity to engage in markets such as stocks, currencies, commodities, and cryptocurrencies. Custom price alerts and the IG Academy are available to improve the trading experience. | |
| Leverage | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail), 1:250 (Pro) |
| FTSE Spread | 0.5 | 1.0 |
| GBPUSD Spread | 1.5 | 0.9 |
| Oil Spread | 0.02 | 2.8 |
| Stocks Spread | 0.13 | 0.02 |
Forex Trading | ||
AvaTrade offers over 50 currency pairs with tight spreads starting from 0.9 pips and no commissions. Trade major, minor, and exotic currencies 24/5 on top forex platforms, such as MT4, with advanced charting tools and forex education to enhance your skills, including a dedicated 'Currency Trading' guide. | IG offers over 80 currency pairs for trading on its web platform, mobile app, or MetaTrader 4. The ProRealTime software has advanced charts and forex analysis tools. The forex spreads are competitive, starting at 0.1 pips for major currencies such as the EUR/USD. | |
| GBPUSD Spread | 1.5 | 0.9 |
| EURUSD Spread | 0.9 | 0.8 |
| EURGBP Spread | 1.5 | 0.9 |
| Assets | 50+ | 80+ |
| Currency Indices | USD | USD |
Cryptocurrency | ||
Regulated on five continents, AvaTrade provides secure access to crypto markets. It offers a variety of digital currencies like Bitcoin, Ethereum, and Ripple, and a crypto index for diversification. Competitive crypto spreads and 1:2 leverage are available on its three platforms. | While IG offers a selection of 11 crypto CFDs, this number is relatively small compared to leading crypto brokers like Vantage, which provides 40+ tokens. However, IG's standout feature is its crypto index. This index tracks the value of the top ten cryptocurrencies based on market capitalization and provides a simplified method for traders to speculate on the crypto market's value. | |
| Spread | BTC <1%, ETH 2% | Variable |
| Coins | BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH | BTC, BCH, LTC, ETH, ADA, DOT, DOGE, LINK, UNI, XLM |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
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