After spending seven months and hundreds of hours researching 20 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 5,000 data points. For this review, we will compare AvaTrade vs IG Group.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. IG Group's score is 5.00 stars versus AvaTrade's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AvaTrade alongside IG Group are regulated in a major hub. IG Group is a publicly traded company, while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. IG Group offers its clients access to 91 different currency pairs while AvaTrade has 59 available pairs, a difference of 32.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade alongside IG Group offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and IG Group provide clients with access to 31 total charting tools. AvaTrade and IG Group offer the same number of indicators (eg, volume), 51.
Overall, IG Group takes the upper hand with 4.50 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, IG Group was rated 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 2017, while AvaTrade was rated none of these.