IG
Visit

73% of retail CFD accounts lose money.

Vs.

CMC Markets
Visit

71% of retail CFD accounts lose money.

IG Vs. CMC Markets - Compare and Choose the Right One

Updated May 13 2022

Visit

73% of retail CFD accounts lose money.

Visit

71% of retail CFD accounts lose money.

Overview

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.

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

Best For
  • 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
  • Professional high volume traders looking to offset the cost of commissions through larger trades
  • Intermediate and professional traders looking for a professional custom platform with customisable layouts
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

5

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • ASIC (Australia)
  • FCA (UK)
  • IIROC (Canada)
  • MAS (Singapore)
  • BaFin (Germany)
The Good
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
  • Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
  • Powerful professional platform with customisable layouts and integrated reuters feed
The Bad
  • 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
  • High commissions on stocks and ETFs
  • Platform is not beginner friendly
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • 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.

📍 Year Founded
1974 1989
💳 Minimum Deposit

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.
🗽 Available to U.S Citizens
Yes (excluding CFDs) No
❌ Restricted Countries
SY, IR. US, JP, SY, ZA, IR.
📊 STP Account
No No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.

CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and bonds

📙 Stocks

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

10,169
📘 Currency Pairs
210 330+
📗 Commodities
37 124
📕 Indices
76 95
📔 ETFs
2,000 + both CFDs and real ETFs 1084
💸 Cryptocurrencies
15 18 (Not available in the U.K)
📒 Bonds
19 55
📓 Options
Availability only for select countries. N/A
📗 Futures

Several contracts in commodities and indices with various expiration dates.

CFDs on commodities futures contracts with various expiration dates.

📝 Notes:

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

N/A
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
1 ETF 1 ETF
📈 Minimum Crypto Trade Size

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

Varies per cryptocurrency (eg: 0.01 BTC)
📉 Minimum FX Trade Size

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)

$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
1 Contract 1 Contract
📉 Minimum Bonds Trade Size
1 Contract 1 Contract
📈 Minimum Futures Trade Size
1 Contract 1 Contract
📉 Minimum Options Trade Size
Varies per option (usually 1 contract) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 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
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

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

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

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.

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. 

Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 150 Pips From 60 Pips
📈 GOLD
Dynamic - From 50 Pips From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.03 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 0 Pips Dynamic - Market Spread
📉 BTC
Dynamic - From $140 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes Yes

By using TheTradingBible.com's website you agree to the use of cookies.