Written by ForexBrokers.com
In this head to head comparison of IG vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG and FXGT.com are two online brokers offering traders access to global markets, but they differ significantly in terms of trust and reliability. IG, founded in 1974, is a well-established broker with a stellar Trust Score of 99 out of 99 from ForexBrokers.com, indicating a high level of trust. It is publicly traded and operates as a bank, enhancing its credibility. Furthermore, IG holds an impressive 8 Tier-1 licenses and 2 Tier-2 licenses, contributing to its reputation as a highly trusted broker.
In contrast, FXGT.com, established in 2019, is a more recent entrant in the online brokerage space. It is not publicly traded and does not function as a bank. With a Trust Score of 69 from ForexBrokers.com, FXGT.com falls into the high-risk category, indicating a need for caution. The company holds only 1 Tier-1 license and 1 Tier-2 license, which reflects its relatively lower level of regulatory backing compared to IG. These distinctions make IG a preferred choice for those prioritizing trust and longstanding financial security in their trading partner.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Year Founded | 1974 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing IG and FXGT.com based on commissions and fees, IG stands out with a 5-star rating and ranks 8th out of 63 brokers by ForexBrokers.com. IG is well-regarded for its varied execution methods, active trader pricing, and the Forex Direct accounts that suit experienced traders. Offering spreads close to the industry average, IG reported an average spread of 0.62 pips in July 2023 on its main Forex Direct account, with a total cost of 0.82 pips after including per trade commission. For contract for difference (CFD) accounts, typical spreads during active trading hours were 0.69 pips, slightly better than the industry average. IG also rewards high-volume traders with its active trader rebate program, offering up to 20% off spreads for qualifying professionals under EU rules.
Contrastingly, FXGT.com earns a 3.5-star rating and ranks significantly lower at 56th. Unfortunately, FXGT.com does not provide detailed average spread data, which may be a consideration for those looking for transparency in fees. This lack of available average spread data makes it harder to gauge total costs, potentially placing FXGT.com at a disadvantage for those seeking clarity and competitive pricing.
Overall, IG's comprehensive fee structure, transparency, and competitive rebates offer a clear advantage over FXGT.com. While both brokers have their merits, IG's broad offering and adaptable options make it appealing for both new and seasoned traders seeking value via detailed and actionable pricing insights.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | £250.00 | $5 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing online brokers IG and FXGT.com, it's evident that IG offers a significantly broader range of investments. IG provides access to 19,537 tradeable symbols, including 97 forex pairs, giving traders an extensive selection. Additionally, IG allows clients to buy real shares on both U.S. and international stock exchanges, meaning investors can directly purchase shares in companies like Apple and Vodafone. IG also supports trading in actual cryptocurrencies, making it a versatile choice for those looking to diversify their portfolios. This extensive variety of offerings has earned IG a 5-star rating and a #4 ranking out of 63 brokers for Range of Investments by ForexBrokers.com.
In contrast, FXGT.com offers a smaller selection, with 117 tradeable symbols and 53 forex pairs. While they do provide forex trading via CFDs and have the option for trading cryptocurrency derivatives, they don't allow the purchase of actual shares on exchanges or delivered cryptocurrencies. However, FXGT.com stands out by offering copy trading, which can be appealing for some traders looking to replicate the strategies of successful investors. Despite this feature, FXGT.com's narrower range of investment products results in a 3-star rating and a #61 ranking in the Range of Investments category by ForexBrokers.com.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 117 |
| Forex Pairs (Total) | 97 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of IG and FXGT.com, IG emerges as a leader with a top-ranking score of 5 stars, securing the #2 spot out of 63 brokers according to ForexBrokers.com. Both platforms provide users with simulated trading through free virtual demo accounts, helping beginners and experienced traders alike hone their skills. IG offers its proprietary platform, while FXGT.com does not, but both brokers facilitate trading on Windows-based desktop applications as well as browser platforms. MT4 is available for traders on both systems, yet only FXGT.com extends its offerings to include MT5. For charting, IG offers 20 drawing tools compared to FXGT.com's 23, and the capability to trade directly from stock charts is available on both platforms.
In terms of additional features, FXGT.com provides copy trading, which IG does not, offering an advantage to users interested in mimicking the trades of successful investors. Despite these differences, both platforms rate comparably in watch list customization, allowing up to five columns for tailored viewing. While IG does not support MetaTrader 5, its high ranking of #2 is reflective of its comprehensive in-house tools and overall platform excellence. Meanwhile, FXGT.com, with a respectable 4-star rating, ranks #56 in trading platform and tool offerings, standing out with its inclusion of copy trading and extensive drawing tools. Ultimately, they are both strong contenders for anyone looking to explore trading, with IG offering a polished proprietary experience and FXGT.com appealing to those seeking a broad selection of trading platforms.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IG and FXGT.com both offer mobile trading apps compatible with iPhone and Android devices, offering users flexibility to trade on the go. Traders can receive stock and forex price alerts through both apps and benefit from watchlist syncing between devices and their online accounts. This ensures that any changes made to the watchlist are seamlessly updated across all platforms. For traders interested in technical analysis, IG provides access to 33 technical studies, slightly more than FXGT.com's 30. Both platforms allow the drawing of trendlines and viewing charts in multiple time frames, such as daily, weekly, or intraday. Moreover, both apps ensure users' drawings are automatically saved for future use.
Creating a watchlist with real-time quotes is straightforward on both IG and FXGT.com apps, enhancing the trading experience. Despite similar offerings, IG's mobile app stands out with a 5-star rating and holds the top spot for mobile trading apps according to ForexBrokers.com. In contrast, FXGT.com, while offering solid features, receives a 3.5-star rating and ranks at number 58 out of 63 brokers. These ratings highlight the superior user experience and performance that IG's app delivers in comparison to FXGT.com.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing IG and FXGT.com for their market research offerings, IG stands out for its comprehensive suite of tools and insights. IG provides daily market commentary, giving traders timely updates on market movements. Additionally, IG offers forex news from top-tier sources like Bloomberg and Reuters, ensuring that their users have access to credible and up-to-date information. The availability of tools from Autochartist and research from TipRanks and Acuity Trading further enhances IG's offerings. An economic calendar is also available, allowing users to stay informed about global news events. With all these tools and insights, IG receives a 5-star rating for research and ranks #2 out of 63 brokers on ForexBrokers.com.
On the other hand, FXGT.com offers a more limited suite of market research resources. While it does provide a sentiment-based trading tool and an economic calendar, it lacks several key features available with IG. FXGT.com does not offer daily market commentary or forex news from top-tier providers, and it currently does not incorporate research tools from Autochartist, TipRanks, or Acuity Trading. These limitations are reflected in FXGT.com's 3-star research rating and its #56 ranking on ForexBrokers.com, indicating that IG is the stronger choice for traders seeking extensive market research capabilities.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IG takes the lead over FXGT.com with a range of learning tools tailored specifically for new traders. IG offers over ten educational pieces, including articles and videos focused on forex and CFDs, providing a strong foundation for newcomers. Additionally, IG hosts monthly webinars to keep clients informed, and offers a searchable archive of these sessions for future reference. Beginners can also benefit from IG’s collection of more than ten videos that cover essential trading topics specifically designed for novice traders. On the other hand, FXGT.com lacks these comprehensive educational resources, offering fewer than ten educational pieces and no regular webinars or archived sessions for clients.
IG also excels in providing advanced educational content, far surpassing FXGT.com. With IG, experienced traders have access to over ten advanced videos to deepen their knowledge. Both brokers provide investors with a dictionary containing definitions of over fifty investing terms, ensuring users can grasp complex terminology. As a testament to its outstanding educational offerings, IG garners a five-star rating and ranks first out of 63 brokers in ForexBrokers.com's Education category. Meanwhile, FXGT.com receives a modest three-star rating and ranks 60th in the same category, highlighting the significant gap in educational support between the two platforms.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IG is better than FXGT.com. IG finished with an overall rank of #1, while FXGT.com finished with an overall rank of #59.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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IG provides the option to purchase actual cryptocurrencies and cryptocurrency derivatives, whereas FXGT.com specializes in offering only cryptocurrency derivatives without the option for buying actual cryptocurrencies.
IG and FXGT.com both facilitate account transactions with ACH or SEPA transfers, Visa or Mastercard, and bank wire transfers; however, while IG additionally supports PayPal, neither broker offers Skrill as a payment option.
Please note:
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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0 of 5| Overall Rating | IG | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | FXGT.com | |
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| Regulation | IG | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1974 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IG | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 117 | |
| Forex Pairs (Total) | 97 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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). | 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). |
| Cost | IG | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 5 | |
| Charting - Indicators / Studies (Total) | 33 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | FXGT.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 | |
| Review | IG Review |
| Overall | IG | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
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