ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

IG vs FOREX.com 2020

Is FOREX.com better than IG? After testing 30 of the best forex brokers over five months, IG is better than FOREX.com. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, competitive pricing, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall broker in 2020.



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.

Established 1974, join 239,000+ traders worldwide Visit Site
A Global Market Leader! Visit Site
Visit Site > Visit Site >

Overall Rating

Feature IG FOREX.com
Overall 5 4.5
Commissions & Fees 5 4
Offering of Investments 5 5
Platforms & Tools 5 4
Mobile Trading 4.5 4
Research 5 4.5
Education 4.5 4
Trust Score 99 93
76% of retail CFD accounts lose money 73% of retail CFD accounts lose money
IG Review FOREX.com Review
Winner check_circle

Regulation

Feature IG FOREX.com
Trust Score 99 93
Year Founded
1974 1999
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
6 4
Tier-2 Licenses
3 0
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature IG FOREX.com
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
104 91
CFDs - Total Offered
19537 4500
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature IG FOREX.com
Average Spread EUR/USD - Standard
0.745 (August 2020) 1.4 (UK August 2020)
All-in Cost EUR/USD - Active
0.365 (May 2020) 1.5 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature IG FOREX.com
Minimum Initial Deposit
£250.00 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

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

Trading Tools

Feature IG FOREX.com
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 18
Charting - Indicators / Studies (Total)
30 139
Charting - Drawing Tools (Total)
20 25
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature IG FOREX.com
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
30 88
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

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

Education

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

Major Forex Pairs

Feature IG FOREX.com
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 IG FOREX.com
Overall 5 4.5
Commissions & Fees 5 4
Offering of Investments 5 5
Platforms & Tools 5 4
Mobile Trading 4.5 4
Research 5 4.5
Education 4.5 4
Trust Score 99 93
IG Review FOREX.com Review
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare FOREX.com vs IG.

Does FOREX.com or IG 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 FOREX.com or IG safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. IG holds 6 global Tier-1 licenses, while FOREX.com holds 4. IG holds 3 global Tier-2 licenses, while FOREX.com holds 0. All regulators considered, IG has a Trust Score of 99.00, while FOREX.com's Trust Score is 93.00.

Which trading platform is better: FOREX.com or IG?
To compare the trading platforms of both FOREX.com and IG, 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. While IG offers copy trading, FOREX.com does not. Both FOREX.com and IG offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
IG provides traders 104 currency pairs (e.g., EUR/USD) compared to FOREX.com's 91 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while FOREX.com has 4500 available CFDs, a difference of 15,037.

Overall, between FOREX.com and IG, IG is the better forex broker.

FOREX.com Review
IG Review

Related Comparisons

Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

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.

arrow_drop_upBack to top