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

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. 

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.

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.

• Professional algorithmic traders looking to benefit from their comprehensive API offering.

• 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

• ASIC (Australia)
• CySec (Cyprus)
• FCA (United Kingdom)
• FSCA (South Africa)

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

• Comprehensive API offering with a variety of conditions and programming languages at no additional cost
• Proprietary platform (Trading Station)

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

• Lack of asset variety in their offering (over 463+ financial instruments)
• Costly spreads 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
• Bank Transfer
• Neteller
• Skrill

• Visa
• Mastercard
• Bank Transfer
• Paypal

RU, US, CA, JP, SK, BE and more.

SY, IR.

50 units of the account's base currency yearly after 1 year of inactivity.

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

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

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.