ForexVox Vs. IG - Compare Trustworthiness, Capabilities, Fees and Legitimacy

ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

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.

• Experienced traders that look for an ECN account offering with commissions
• Currency traders

• 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

• FCA (United Kingdom)
• FSAS (Seychelles)

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

• FCA Regulation and being a trading name of ValuTrades (founded in 2012)
• Scalping is allowed
• Ecn account offered

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

• Poor asset offering (less than 100 instruments)
• Low platform offering (only MT4 and MT5 available)
• Client area lacks usability
• Average spreads are high

• 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
• UnionPay
• USDT (Tether)
• Bank Transfer
• SticPay

• Visa
• Mastercard
• Bank Transfer
• Paypal

US, CA, SY, IR.

SY, IR.

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

• No commissions on their standard account
• A $7 per lot round turn commission on their ECN account

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.