Forex.com
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67.6% of retail CFD accounts lose money.

Vs.

IG
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79% of retail CFD accounts lose money.

Forex.com Vs. IG - Compare and Choose the Right One

Updated Oct 20 2022

Visit

67.6% of retail CFD accounts lose money.

Visit

79% of retail CFD accounts lose money.

Overview

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 10 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.

Best For
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
The Good
  • 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
The Bad
  • 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
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • 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.

📍 Year Founded
2001 1974
💳 Minimum Deposit Range
$100 From 0 to $300.
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
Yes Yes
❌ Restricted Countries
None

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
5,371 24,357
Exchange Access
0 8
📙 Real Stocks
0 10,000
📙 Stock CFDs
4,500 10,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
93 210
📗 Commodities
0 0
📗 Commodities CFDs
35 37
📕 Indices
0 0
📕 Indices CFDs
24 76
📔 ETFs
0 2,000
📔 ETFs CFDs
700 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
5 15
📒 Bonds
0 0
📒 Bonds CFDs
14 19
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares) 1 Share
📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK) 1 ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC) 0.01 Contracts
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) 1 Contract
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold) 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

$15 monthly after 1 year of inactivity.

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

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

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.

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 60 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 50 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $1.03
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From 0 Pips
📉 BTC
Dynamic - From $120 Dynamic - From $1.03
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
No Yes