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IG vs FXCM 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is IG better than FXCM? 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. FXCM is considered low-risk, with an overall Trust Score of 96 out of 99. Learn more about Trust Score.

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Overall RatingIGFXCM
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars4 Stars
Offering of Investments5 Stars3.5 Stars
Platform & Tools5 Stars5 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars4.5 Stars
Education5 Stars4 Stars
Trust Score9996
Winnercheck_circle
ReviewIG ReviewFXCM Review
RegulationIGFXCM
Trust Score9996
Year Founded19741999
Publicly Traded (Listed)YesYes
BankYesNo
Tier-1 Licenses73
Tier-2 Licenses23
Tier-3 Licenses10
Authorised in European UnionYesYes
About RegulationA โ€œYesโ€ 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 โ€œYesโ€ 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)IGFXCM
ASIC Authorised (Australia)YesYes
IIROC Authorised (Canada)NoYes
SFC Authorised (Hong Kong)NoNo
CBI Authorised (Ireland)NoNo
FSA Authorised (Japan)YesNo
MAS Authorised (Singapore)YesNo
FINMA Authorised (Switzerland)YesNo
FCA Authorised (U.K.)YesYes
CFTC Registered (USA)YesNo
FMA Authorised (New Zealand)YesNo
Tier-2 Licenses (Average Trust)IGFXCM
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoYes
SEBI Authorised (India)NoNo
ISA Authorised (Israel)NoYes
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesYes
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesNo
Tier-3 Licenses (Low Trust)IGFXCM
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
InvestmentsIGFXCM
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)19537441
Forex Pairs (Total)10044
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).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIGFXCM
Average Spread EUR/USD - Standard0.86 (September 2022)1.38 (Q2 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)1.38 (Q2 2022)
Active Trader or VIP DiscountsYesYes
Execution: Agency BrokerYesYes
Execution: Market MakerYesYes
FundingIGFXCM
Minimum Initial Depositยฃ250.00Starts from $50
PayPal (Deposit/Withdraw)YesNo
Skrill (Deposit/Withdraw)NoYes
Visa/Mastercard (Credit/Debit)YesYes
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGFXCM
Proprietary PlatformYesYes
Desktop Platform (Windows)YesYes
Web PlatformYesYes
Social Trading / Copy TradingYesYes
MetaTrader 4 (MT4)YesYes
MetaTrader 5 (MT5)NoNo
cTraderNoNo
DupliTradeNoNo
ZuluTradeNoYes
Trading ToolsIGFXCM
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields1412
Charting - Indicators / Studies (Total)3357
Charting - Drawing Tools (Total)2026
Charting - Trade From ChartYesYes
Charts can be savedYesYes
Mobile TradingIGFXCM
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesYes
Mobile Charting - Indicators / Studies3359
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesYes
Forex CalendarYesYes
ResearchIGFXCM
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistYesYes
Trading Central (Recognia)NoYes
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGFXCM
Has Education - Forex or CFDsYesYes
Client WebinarsYesYes
Client Webinars (Archived)YesYes
Videos - Beginner Trading VideosYesYes
Videos - Advanced Trading VideosYesYes
Investor Dictionary (Glossary)YesYes
Major Forex PairsIGFXCM
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewFXCM Review
OverallIGFXCM
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars4 Stars
Offering of Investments5 Stars3.5 Stars
Platform & Tools5 Stars5 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars4.5 Stars
Education5 Stars4 Stars
Trust Score9996
Winnercheck_circle
ReviewIG ReviewFXCM Review
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IG vs FXCM 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 FXCM.

Does IG or FXCM 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 FXCM 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 FXCM holds 3. FXCM holds 3 global Tier-2 licenses, while IG holds 2. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than FXCM.

Which trading platform is better: IG or FXCM?

To compare the trading platforms of both IG and FXCM, 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 FXCM offer MetaTrader 4 (MT4).IG and FXCM 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 FXCM's 44 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while FXCM has 441 available CFDs, a difference of 19096.

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 FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

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 FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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