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

IG vs IC Markets 2021

Is IC Markets better than IG? In our analysis of 23 international regulators across 50 brokers, IC Markets is considered average-risk, with an overall Trust Score of 85 out of 99. IG is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.


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.

Join 239,000+ traders worldwide.Visit Site
Visit Site >

Overall Rating

Feature IG IC Markets
Overall 5 4
Commissions & Fees 5 4.5
Offering of Investments 5 3.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3.5
Education 5 3.5
Trust Score 99 85
IG Review IC Markets Review
70% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature IG IC Markets
Trust Score 99 85
Year Founded
1974 2007
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
6 1
Tier-2 Licenses
3 1
Tier-3 Licenses
1 1
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature IG IC Markets
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
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 No
CFTC Registered (USA)
Yes No

Tier-2 Licenses (Average Trust)

Feature IG IC Markets
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
Yes No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature IG IC Markets
SCB Authorised (Bahamas) No Yes
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) Yes No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature IG IC Markets
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
19537 3583
Forex Pairs (Total)
100 61
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature IG IC Markets
Average Spread EUR/USD - Standard
0.745 (August 2020) 0.62 (August 2021)
All-in Cost EUR/USD - Active
0.365 (May 2020) 0.8 (August 2021)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes Yes

Funding

Feature IG IC Markets
Minimum Deposit
£250.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG IC Markets
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No Yes
DupliTrade
No No
ZuluTrade
No Yes

Trading Tools

Feature IG IC Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 (Default MT4/MT5/cTrader)
Charting - Indicators / Studies (Total)
32 (Default MT4/MT5/cTrader)
Charting - Drawing Tools (Total)
20 (Default MT4/MT5/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature IG IC Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
32 (default MT4/MT5/cTrader)
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

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

Education

Feature IG IC Markets
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature IG IC Markets
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 No

Overall

Feature IG IC Markets
Overall 5 4
Commissions & Fees 5 4.5
Offering of Investments 5 3.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3.5
Education 5 3.5
Trust Score 99 85
IG Review IC Markets Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs IG.

Does IC Markets 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 IC Markets 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 IC Markets holds 1. IG holds 3 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than IC Markets.

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

How many forex pairs and CFDs are available to trade?
IG provides traders 100 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while IC Markets has 3583 available CFDs, a difference of 15,954.

Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three 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), and the Commodity Futures Trading Commission (CFTC).

Is IC Markets good?
IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. That said, the range of markets, and research materials offered by IC Markets are not as impressive.

Is IG good?
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 2021.

Overall winner: IG

Read Next: Best Forex Brokers 2021


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 website as of 12/14/2020 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 - 75% 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