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IG vs FlowBank 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is IG better than FlowBank? In our analysis of 23 international regulators across 39 of the best forex brokers, IG is considered low-risk, with an overall Trust Score of 99 out of 99. FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.

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Overall RatingIGFlowBank
Overall Rating5 Stars4 Stars
Commissions & Fees5 Stars4 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars4 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars3.5 Stars
Education5 Stars3.5 Stars
Trust Score9977
Winnercheck_circle
ReviewIG ReviewFlowBank Review
RegulationIGFlowBank
Trust Score9977
Year Founded19742020
Publicly Traded (Listed)YesNo
BankYesYes
Tier-1 Licenses71
Tier-2 Licenses20
Tier-3 Licenses10
Authorised in European UnionYesNo
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)IGFlowBank
ASIC Authorised (Australia)YesNo
IIROC Authorised (Canada)NoNo
SFC Authorised (Hong Kong)NoNo
CBI Authorised (Ireland)NoNo
FSA Authorised (Japan)YesNo
MAS Authorised (Singapore)YesNo
FINMA Authorised (Switzerland)YesYes
FCA Authorised (U.K.)YesNo
CFTC Registered (USA)YesNo
FMA Authorised (New Zealand)YesNo
Tier-2 Licenses (Average Trust)IGFlowBank
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoNo
SEBI Authorised (India)NoNo
ISA Authorised (Israel)NoNo
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesNo
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesNo
Tier-3 Licenses (Low Trust)IGFlowBank
SCB Authorised (Bahamas)NoNo
IFSC Authorised (Belize)NoNo
CIMA Authorised (Cayman Islands)NoNo
BMA Authorised (Bermuda)YesNo
FSC Authorised (British Virgin Islands)NoNo
FSC Authorised (Mauritius)NoNo
VFSC Authorised (Vanuatu)NoNo
InvestmentsIGFlowBank
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)19537408600
Forex Pairs (Total)10051
U.S. Stock Trading (Non CFD)YesYes
Int'l Stock Trading (Non CFD)YesYes
Social Trading / Copy TradingYesYes
Cryptocurrency (Physical)NoNo
Cryptocurrency (CFD)YesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIGFlowBank
Average Spread EUR/USD - Standard0.86 (September 2022)N/A
All-in Cost EUR/USD - Active0.5957 (September 2022)N/A
Active Trader or VIP DiscountsYesYes
Execution: Agency BrokerYesYes
Execution: Market MakerYesYes
FundingIGFlowBank
Minimum Initial Deposit£250.00$0.00
PayPal (Deposit/Withdraw)YesNo
Skrill (Deposit/Withdraw)NoNo
Visa/Mastercard (Credit/Debit)YesNo
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGFlowBank
Proprietary PlatformYesYes
Desktop Platform (Windows)YesYes
Web PlatformYesYes
Social Trading / Copy TradingYesYes
MetaTrader 4 (MT4)YesYes
MetaTrader 5 (MT5)NoYes
cTraderNoNo
DupliTradeNoNo
ZuluTradeNoNo
Trading ToolsIGFlowBank
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields147
Charting - Indicators / Studies (Total)3337
Charting - Drawing Tools (Total)2017
Charting - Trade From ChartYesYes
Charts can be savedYesYes
Mobile TradingIGFlowBank
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesNo
Mobile Charting - Indicators / Studies335
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesYes
Forex CalendarYesYes
ResearchIGFlowBank
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistYesNo
Trading Central (Recognia)NoNo
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGFlowBank
Has Education - Forex or CFDsYesYes
Client WebinarsYesNo
Client Webinars (Archived)YesYes
Videos - Beginner Trading VideosYesYes
Videos - Advanced Trading VideosYesNo
Investor Dictionary (Glossary)YesNo
Major Forex PairsIGFlowBank
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewFlowBank Review
OverallIGFlowBank
Overall Rating5 Stars4 Stars
Commissions & Fees5 Stars4 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars4 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars3.5 Stars
Education5 Stars3.5 Stars
Trust Score9977
Winnercheck_circle
ReviewIG ReviewFlowBank Review
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IG vs FlowBank Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IG vs FlowBank.

Does IG or FlowBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is IG or FlowBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while FlowBank holds 1. IG holds 2 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than FlowBank.

Which trading platform is better: IG or FlowBank?

To compare the trading platforms of both IG and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IG and FlowBank offer MetaTrader 4 (MT4).IG and FlowBank both offer copy trading.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to FlowBank's 51 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while IG has 19537 available CFDs, a difference of 389063.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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