Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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FOREX.com
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IG
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Founded in 2001, FOREX.com is part of StoneX, a global financial services firm with over a million customers. Regulated in the US, UK, EU, Australia, and other regions, it offers thousands of markets, not just forex, with competitive pricing on advanced platforms. | 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 | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $100 | $0 |
| Trading Platforms | WebTrader, Mobile, MT4, MT5, TradingView | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Payment Methods | ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, PayNow, Skrill, Visa, Wire Transfer | Credit Card, Debit Card, Mastercard, PayNow, PayPal, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | NFA, CFTC | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Available with MT4 and Web Trader platforms, the FOREX.com app provides full trading features on an easy-to-use compact platform. Integrated news, analysis, and real-time trade alerts are mobile-specific features that make this app stand out. It surpasses MT4 in mobile charting tools, offering over 80 indicators, 11 chart types, and a sleeker design. | IG provides an excellent overall trading app. As an early developer of mobile trading, the app has been improved over many years, making it one of the top trading apps. It features quick response times, a user-friendly design, full chart access, and stable performance. The app also includes guaranteed stops, an important risk management feature not found in many apps we've tested. |
| Android App Rating | ||
| iOS App Rating | ||
| Margin Trading | ✓ | ✓ |
| Margin Rate | 2.5% | |
| Account Types | STP, ECN, DMA | 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 | ✗ | ✗ |
| Social Trading | ✗ | ✗ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✓ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✓ |
| Inactivity Fee | $15 | $12 |
| Islamic Account | ✓ | ✗ |
CFD Trading | ||
FOREX.com offers trading capabilities for both long and short positions in over 5,500 Contract for Difference (CFD) opportunities across forex, stocks, indices, commodities, and cryptocurrencies. Their unique Web Trader platform provides a premium trading experience, equipped with over 80 technical indicators and fast execution speeds of only 20 milliseconds, providing an ideal environment for dedicated traders. | 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 | 1:50 | 1:30 (Retail), 1:250 (Pro) |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 1.3 | 0.9 |
| Oil Spread | 2.5 | 2.8 |
| Stocks Spread | 0.14 | 0.02 |
Forex Trading | ||
remains a top FX broker, offering 80 currency pairs with very competitive fees. With EUR/USD spreads as low as 0.0 and a $7 commission per $100k, it excels in the industry. | 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 | 1.3 | 0.9 |
| EURUSD Spread | 1.2 | 0.8 |
| EURGBP Spread | 1.4 | 0.9 |
| Assets | 84 | 80+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
You can trade a limited selection of over 8 cryptocurrencies against the USD, EUR, GBP, and AUD. The spreads are close, and there's no need for a virtual wallet. Algorithm traders can use Expert Advisors (EAs) to automate their cryptocurrency trades. | IG provides over 55 crypto CFDs and digital assets for trading and storage. It features a crypto index that tracks the top 10 digital currencies by market cap, offering a broad view of the crypto market. In the UK, IG strengthened its crypto services by obtaining a digital asset license from the FCA, allowing trading and investing in popular cryptocurrencies in a regulated environment. | |
| Crypto Spread | BTC 1.4%, ETH 2% | Variable |
| Crypto Coins | BTC, BCH, ETH, LTC, XRP | BTC, ETH, SOL, XRP, BCH, ADA, TIA, LINK, EOS, HBAR, ICP, LTC, NEAR, NEO, ONDO, PEPE, DOT, POL, SHIB, XLM, SUI, TRX, TON, UNI, DOGE, AAVE, APT, ARB, AVAX, CRYPTO10 |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |