Updated May 13 2022
Overview | |
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XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets. |
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 1 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 | |
2009 | 1974 |
💳 Minimum Deposit | |
€, £, $ - 5 | 0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
💰 Payment Methods | |
💵 Account Base Currencies | |
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. | 6 - AUD, EUR, GBP, HKD, SGD, USD. |
🗽 Available to U.S Citizens | |
No | Yes (excluding CFDs) |
❌ Restricted Countries | |
US, CA. | SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
1286 | 10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
📘 Currency Pairs | |
57 | 210 |
📗 Commodities | |
15 | 37 |
📕 Indices | |
14 | 76 |
📔 ETFs | |
N/A | 2,000 + both CFDs and real ETFs |
💸 Cryptocurrencies | |
N/A | 15 |
📒 Bonds | |
N/A | 19 |
📓 Options | |
N/A | Availability only for select countries. |
📗 Futures | |
10 | Several contracts in commodities and indices with various expiration dates. |
📝 Notes: | |
All of XM's assets are CFDs. | IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares) | 1 Share |
📉 Minimum ETFs Trade Size | |
N/A | 1 ETF |
📈 Minimum Crypto Trade Size | |
N/A | 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 | |
$100 (0.001 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: 0.01 Troy ounce of Gold) | 1 Contract |
📉 Minimum Bonds Trade Size | |
N/A | 1 Contract |
📈 Minimum Futures Trade Size | |
All of XM's futures are commodities, same rules apply. | 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 | |
N/A | Up to 1:500 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
No | Yes |
📱 Android App | |
No | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
No | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Yes, $15 one time payment after 1 year of inactivity and then $5 monthly. |
After 24 months of inactivity, IG charges an $18 monthly fee. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes on Zero accounts ($7 per lot round turn). |
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 | |
Dynamic - From 1.7 Pips | Dynamic - From 0.9 Pips |
📉 SP500 | |
Dynamic - From 40 Pips | Dynamic - From 150 Pips |
📈 GOLD | |
Dynamic - From 35 Pips | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $9.4 | Dynamic - From $1.03 |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - From 0 Pips |
📉 BTC | |
N/A | Dynamic - From $140 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | Yes |