IG
Visit

79% of retail CFD accounts lose money.

Vs.

OvalX
Visit

73.85% of retail CFD accounts lose money.

IG Vs. OvalX - Compare and Choose the Right One

Updated Jul 12 2022

Visit

79% of retail CFD accounts lose money.

Visit

73.85% 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.

OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

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
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
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

1

Other Licenses

2

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)
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
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
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
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
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 documents (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 1965
💳 Minimum Deposit

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

$, €, £ - 100 (Standard) and 10,000 (Premium)
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 3 - EUR, USD, GBP
🗽 Available to U.S Citizens
Yes (excluding CFDs) No
❌ Restricted Countries
SY, IR. US, BE, CN, SG, CH
📊 STP Account
No No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • 📙 Stocks

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

    5,000 CFDs (250 are commission free)
    📘 Currency Pairs
    210 60
    📗 Commodities
    37 17
    📕 Indices
    76 20
    📔 ETFs
    2,000 + both CFDs and real ETFs 19
    💸 Cryptocurrencies
    15 5
    📒 Bonds
    19 8
    📓 Options
    Availability only for select countries. N/A
    📗 Futures

    Several contracts in commodities and indices with various expiration dates.

    45
    📝 Notes:

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

    OvalX offers CFDs, spread betting and futures.

    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 by 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 Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
    📉 Minimum Bonds Trade Size
    1 Contract 1 unit
    📈 Minimum Futures Trade Size
    1 Contract Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
    📉 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 Yes
    👫 Social Trading
    No Yes
    🔑 Guaranteed Stop-loss
    Yes No
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee

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

    No
    💰 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, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

    Spreads
    📈 EUR/USD
    Dynamic - From 0.9 Pips Dynamic - From 0.6 Pips
    📉 SP500
    Dynamic - From 150 Pips Dynamic - From 60 Pips
    📈 GOLD
    Dynamic - From 50 Pips Dynamic - From 60 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $1.03 Dynamic - From $13
    📈 XLK (ETF - CFD)
    Dynamic - From 0 Pips N/A
    📉 BTC
    Dynamic - From $140 Dynamic - Eg. $226.4
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes No
    📜 Integrated Newsfeed
    Yes No
    📡 Reuters Feed
    Yes No

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