AvaTrade vs IG Group Review
To find the top fx brokers, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare AvaTrade vs IG Group.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG Group is a better option with a 4.50 star rating over AvaTrade's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. AvaTrade and IG Group both are regulated in a major hub. IG Group is a publicly traded company, AvaTrade isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group offers its clients access to 91 different currency pairs while AvaTrade has 60 available pairs, a difference of 31.
To round out our comparison of AvaTrade vs IG Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade alongside IG Group offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. AvaTrade and IG Group offer the same number of charting tools, 31. AvaTrade and IG Group offer the same number of indicators (eg, volume), 51.
Overall, IG Group takes the upper hand with 5.00 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education in 2018, while AvaTrade came up with none of these.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG Group is a better option with a 4.50 star rating over AvaTrade's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. AvaTrade and IG Group both are regulated in a major hub. IG Group is a publicly traded company, AvaTrade isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group offers its clients access to 91 different currency pairs while AvaTrade has 60 available pairs, a difference of 31.
To round out our comparison of AvaTrade vs IG Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade alongside IG Group offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. AvaTrade and IG Group offer the same number of charting tools, 31. AvaTrade and IG Group offer the same number of indicators (eg, volume), 51.
Overall, IG Group takes the upper hand with 5.00 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education in 2018, while AvaTrade came up with none of these.
Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Education
Commissions & Fees
Trust Score
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Authorized (USA)
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
iOS App
Android App
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Forex News (Top-Tier Sources)
Social Sentiment - Currency Pairs
Daily Blog Updates
Sentiment of Upcoming Economic News
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Client Webinars
Client Webinars (Archived)
Economic Calendar
Calendar Includes Forecasts
Trade Ideas - Backtesting
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Comparing 2 brokers
AvaTrade
76
No
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
Yes
60
171
No
Yes
1.9
1.9
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
Yes
Yes
Yes
No
Yes
No
30
Yes
No
No
Yes
Yes
Yes
No
No
No
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
$100.00
Yes
Yes
Yes
Yes
No
IG Group
97
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
No
Yes
Yes
91
15000
No
Yes
0.363
0.75
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
Yes
12
Yes
Yes
Yes
9
22
No
Yes
Yes
Yes
Yes
No
Yes
Yes
26
Yes
Yes
Yes
Yes
Yes
No
No
No
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
£100.00
Yes
Yes
Yes
No
No
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
