FXCM Vs. IG - Compare and Choose the Right One

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.

• 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)
• FCA (UK)
• NFA (United States)
• ADGM (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)

• 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 300+ 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

Skrill and Neteller are not available to FXCM EU clients at the moment

• Visa
• Mastercard
• Bank Transfer
• Paypal

RU, US, CA, JP, SK.

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.