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FOREX.com vs IG 2019

Is FOREX.com better than IG Group? After grading forex brokers on nearly 100 different variables, IG Group is better than FOREX.com. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 2019.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature FOREX.com IG
Overall 4 4.5
FOREX.com Review IG Review
70% of retail CFD accounts lose money 74% of retail CFD accounts lose money

Regulation

Feature FOREX.com IG
Trust Score 91 99
Year Founded
1999 1974
Publicly Traded (Listed)
Yes Yes
Bank
No Yes
Tier-1 Licenses
4 6
Tier-2 Licenses
0 3
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature FOREX.com IG
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
Yes Yes
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes Yes

Investments

Feature FOREX.com IG
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
91 93
CFDs - Total Offered
4500 17535
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
Winner check_circle

Cost

Feature FOREX.com IG
Average Spread EUR/USD - Standard
1.3 (as of Q2 19) 0.7 (as of May 19)
All-in Cost EUR/USD - Active
0.7 (as of Q3 18) 0.363 (as of Mar 16)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4.5
Winner check_circle

Funding

Feature FOREX.com IG
Minimum Initial Deposit
$250.00 £250.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature FOREX.com IG
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature FOREX.com IG
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 12
Charting - Indicators / Studies (Total)
139 28
Charting - Drawing Tools (Total)
25 17
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4.5
Winner check_circle

Mobile Trading

Feature FOREX.com IG
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
7 28
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes
Mobile Trading 4 4
Winner check_circle

Research

Feature FOREX.com IG
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes No
Delkos Research
Yes No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4.5 4.5
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Education

Feature FOREX.com IG
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature FOREX.com IG
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature FOREX.com IG
FOREX.com Review IG Review
Overall 4 4.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FOREX.com vs IG Group.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both FOREX.com and IG Group hold a 4.50 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FOREX.com alongside IG Group are regulated in a major hub. FOREX.com alongside IG Group are publicly traded companies. How many currency pairs are available to trade? IG Group boasts an offering of 91 different currency pairs compared to FOREX.com's 84 available pairs.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FOREX.com alongside IG Group offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. IG Group trails FOREX.com by 5 total charting tools, with FOREX.com offering 22 and IG Group offering 17. FOREX.com offers its clients access to 139 different indicators (for example, volume) while IG Group has 22 available indicators, a difference of 117.

FOREX.com Review
IG Group Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 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.

IG - 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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