Forex.com Vs. IG - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

• Traders of all levels (beginner to advanced) looking for competitive pricing
• Trades of all levels looking for a great platform variety
• High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• FINRA (United States)
• FCA (UK)
• FFAJ (Japan)
• IIROC (Canada)
• CySec (Cyprus)
• CIMA (Cayman Islands)

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
• Excellent asset offering (more than 5,000+ instruments)
• Competitive spreads in some of their assets

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• Despite presenting a great customisable platform, it still feels messy and not intuitive to use
• Commissions are expensive when compared to similar competitors 

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Skrill
• Neteller
• Bank Transfer

• Visa
• Mastercard
• Bank Transfer
• Paypal

SY, IR.

$15 monthly after 1 year of inactivity.

After 24 months of inactivity, IG charges an $18 monthly fee.

Depending on account type.

• Standard account has no commissions
• “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.