Updated May 13 2022
Overview | |
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FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. |
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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1999 (FXCM Group) | 1974 |
💳 Minimum Deposit | |
€, £, $ - 50 (Varies by payment method) | 0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 6 - AUD, EUR, GBP, HKD, SGD, USD. |
🗽 Available to U.S Citizens | |
No | Yes (excluding CFDs) |
❌ Restricted Countries | |
RU, US, CA, JP, SK and more. | SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
200+ | 10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
📘 Currency Pairs | |
39 | 210 |
📗 Commodities | |
11 | 37 |
📕 Indices | |
15 | 76 |
📔 ETFs | |
N/A | 2,000 + both CFDs and real ETFs |
💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
15 |
📒 Bonds | |
N/A | 19 |
📓 Options | |
N/A | Availability only for select countries. |
📗 Futures | |
N/A | Several contracts in commodities and indices with various expiration dates. |
📝 Notes: | |
All of FXCM's assets are CFDs. | IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 share | 1 Share |
📉 Minimum ETFs Trade Size | |
N/A | 1 ETF |
📈 Minimum Crypto Trade Size | |
1 unit of any cryptocurrency | 0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins) |
📉 Minimum FX Trade Size | |
$1000 (0.01 Lots) | 1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | 1 Contract |
📉 Minimum Bonds Trade Size | |
N/A | 1 Contract |
📈 Minimum Futures Trade Size | |
N/A | 1 Contract |
📉 Minimum Options Trade Size | |
N/A | Varies per option (usually 1 contract) |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 (Varies) | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
Yes | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
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. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
No |
💰 Commissions | |
No | 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 | |
From 1.2 Pips (As per our research) | Dynamic - From 0.9 Pips |
📉 SP500 | |
Dynamic - From 58 Pips (As per our research) | Dynamic - From 150 Pips |
📈 GOLD | |
Dynamic - From 41 Pips (As per our research) | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 (As per our research) | Dynamic - From $1.03 |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - From 0 Pips |
📉 BTC | |
Dynamic - From $51 (As per our research) | Dynamic - From $140 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |