iFOREX Europe Vs. IG - Compare Trustworthiness, Capabilities, Fees and Legitimacy

iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.

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.

• Beginner traders with little to no experience looking to test a simple platform

• 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

• CySec (Cyprus)

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

• Extremely simple platform designed for beginners with little needs

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

• High spreads on all of their instruments
• Web and mobile platforms are slow and lack tools
• Their FAQ database doesn’t effectively answer the most common questions any trader could have

• 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.

• Bank Transfer
• Credit Card
• Debit Card

• Visa
• Mastercard
• Bank Transfer
• Paypal

US, CA, SY, IR, JP.

SY, IR.

iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.

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

No for credit cards but yes for bank wires (up to $20).

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.