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IG vs FXCM 2020

Is FXCM better than IG? After testing 30 of the best forex brokers over five months, IG is better than FXCM. Regulated and trusted across the globe, IG offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. 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.

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Overall Rating

Feature IG FXCM
Overall 5 4.5
IG Review FXCM Review
76% of retail CFD accounts lose money 73.05% of retail CFD accounts lose money

Regulation

Feature IG FXCM
Trust Score 99 92
Year Founded
1974 1999
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
6 3
Tier-2 Licenses
3 2
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature IG FXCM
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
93 39
CFDs - Total Offered
17535 32
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 5 3.5
Winner check_circle

Cost

Feature IG FXCM
Average Spread EUR/USD - Standard
0.7 (as of May 19) 1.3 (as of Q2 19)
All-in Cost EUR/USD - Active
0.363 (as of Mar 16) 0.7 (as of Q2 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 5 4
Winner check_circle

Funding

Feature IG FXCM
Minimum Initial Deposit
£250.00 £300
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG FXCM
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)
No No
cTrader
No No

Trading Tools

Feature IG FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 12
Charting - Indicators / Studies (Total)
28 57
Charting - Drawing Tools (Total)
19 18
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 4.5
Winner check_circle

Mobile Trading

Feature IG FXCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
28 60
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 4.5 4
Winner check_circle

Research

Feature IG FXCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 5 4.5
Winner check_circle

Education

Feature IG FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4.5 4
Winner check_circle

Major Forex Pairs

Feature IG FXCM
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 FXCM
IG Review FXCM Review
Overall 5 4.5
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 FXCM vs IG.

Does FXCM 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 FXCM 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 FXCM holds 3. IG holds 3 global Tier-2 licenses, while FXCM holds 2. All regulators considered, IG has a Trust Score of 99.00, while FXCM's Trust Score is 92.00.

Which trading platform is better: FXCM or IG?
To compare the trading platforms of both FXCM 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. FXCM and IG both offer copy trading. Both FXCM and IG offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
IG provides traders 93 currency pairs (e.g., EUR/USD) compared to FXCM's 39 available pairs. Forex pairs aside, IG offers traders access to 17535 CFDs while FXCM has 32 available CFDs, a difference of 17,503.

Overall, between FXCM and IG, IG is the better forex broker.

FXCM Review
IG Review

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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.

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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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