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IG vs iFOREX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IG vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IG
5/5 Stars Overall
  • Minimum Deposit: £250.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 19537
iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750

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.

Regulation

When comparing IG and iFOREX, it's clear that IG holds a distinct advantage in terms of trust and regulatory oversight. Founded in 1974, IG is a publicly traded company and operates as a bank. This broker boasts a ForexBrokers.com Trust Score of 99, indicating high reliability. IG's strong regulatory framework includes eight Tier-1 licenses, known for high trust, and two Tier-2 licenses, solidifying its status as a safe choice for online trading.

In contrast, iFOREX, established in 1996, does not share the same level of trust with a ForexBrokers.com Trust Score of 75, categorizing it as an average risk broker. Unlike IG, iFOREX is neither publicly traded nor a bank and holds just one Tier-1 license with no Tier-2 licenses. These factors suggest that traders may encounter higher risk when choosing iFOREX compared to the highly trusted IG.

Feature IG logoIG
iFOREX logoiFOREX
Year Founded info 1974 1996
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 8 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

For commissions and fees, IG stands out as the stronger value pick, especially for high-volume forex traders, while iFOREX offers less pricing detail and trails in independent rankings. IG: 5/5 stars; ranked #8 of 63 for Commissions and Fees. iFOREX: 3/5 stars; ranked #62 of 63.

IG publishes detailed pricing. On its CFD account, typical EUR/USD spreads averaged about 0.69 pips during the main trading session (22 hours), 0.98 pips across the full day in July 2023, and 1.18 pips for IG US. Low-liquidity hours can widen spreads to around 1.03 pips. Active traders who qualify as professionals under EU rules can earn spread rebates of 10% to 20% when monthly forex volume exceeds £50 million to £300 million. IG’s Direct Market Access (DMA) “Forex Direct” account averaged 0.62 pips on EUR/USD in July 2023, then adds a tiered commission starting at $60 per million (lowering to $10 per million per side for very high volumes), for an all-in cost commonly cited around 0.82 pips.

By contrast, iFOREX does not provide average spread data, which makes direct cost comparisons harder. Its 3/5 star score and #62 ranking in the Commissions and Fees category suggest its pricing is less competitive or less transparent than top-ranked brokers like IG. Traders who prioritize published spreads, volume-based discounts, and DMA-style pricing will likely find IG more compelling.

Feature IG logoIG
iFOREX logoiFOREX
Minimum Deposit info £250.00 $100
Average spread (EUR/USD) - Standard account info 0.98 info N/A info
All-in Cost EUR/USD - Active info 0.82 info N/A info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments, IG stands out with 19,537 tradeable symbols and 97 forex pairs, while iFOREX offers 750 symbols and 88 forex pairs. Both support forex trading via CFDs and/or spot contracts. For the Range of Investments category at ForexBrokers.com, IG earns 5 stars and ranks #4 out of 63 brokers, whereas iFOREX is rated 3.5 stars and ranks #42.

IG also lets clients buy exchange-traded securities on U.S. and international exchanges, while iFOREX does not offer exchange-traded shares. In crypto, IG supports both actual coins and crypto CFDs, whereas iFOREX offers only crypto CFDs. Neither broker provides copy trading. In short, IG suits traders who want the widest selection across markets, while iFOREX may appeal to those focused mainly on forex and CFD-based instruments.

Feature IG logoIG
iFOREX logoiFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 750
Forex Pairs (Total) info 97 88
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info Yes info No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

IG vs iFOREX: For trading platforms and tools, IG takes the lead. IG holds a 5-star rating and ranks #2 out of 63 brokers in ForexBrokers.com’s Trading Platforms and Tools category, while iFOREX is rated 4 stars and ranks #55. If you want a higher-rated, feature-rich setup from an online broker, IG has the edge; iFOREX still delivers an in-house platform and a straightforward web experience.

IG offers a free demo account for paper trading, while iFOREX does not. Both brokers provide proprietary platforms and web-based trading. IG also has a Windows desktop platform and supports MetaTrader 4 (MT4); iFOREX lacks both. Neither broker supports MetaTrader 5 (MT5) or copy trading. Both let you trade directly from charts. If you need to practice with virtual funds or prefer MT4 or a desktop platform, pick IG. If you’re fine trading in a browser with a broker-built platform, both can fit the bill.

Feature IG logoIG
iFOREX logoiFOREX
Virtual Trading (Demo) info Yes No
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
Charting - Indicators / Studies (Total) info 33 57
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both IG and iFOREX offer mobile trading apps for iPhone and Android. The big differences show up in day-to-day features: IG supports price alerts and watchlist syncing with your online account, so changes you make on desktop carry over to your phone (and vice versa). iFOREX does not offer price alerts or synced watchlists.

Charting is also stronger on IG, with 33 technical studies, trendline drawing, and auto-saving of your annotations. iFOREX does not list available studies and lacks both trendline drawing and auto-save for drawings. Reflecting these gaps, IG earns 5 stars and ranks #1 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while iFOREX is rated 4 stars and ranks #56.

Feature IG logoIG
iFOREX logoiFOREX
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

Comparing IG vs iFOREX for market research: both brokers provide daily market commentary, a sentiment tool showing the ratio of long vs short positions, and an economic calendar. IG stands out with forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist for pattern recognition. IG also integrates TipRanks and Acuity Trading (Signal Centre). iFOREX does not offer top-tier news or Autochartist, but it does include Trading Central analytics. TipRanks and Acuity Trading are not listed among iFOREX’s research tools.

For overall quality, IG earns 5 stars and ranks #2 out of 63 brokers for Research on ForexBrokers.com, while iFOREX scores 3.5 stars and ranks #49. In short, choose IG if you want broader research coverage with premium news and multiple third-party tools; iFOREX can suit traders who mainly want Trading Central signals alongside basic commentary and sentiment data.

Feature IG logoIG
iFOREX logoiFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info Yes
Acuity Trading info Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

IG vs iFOREX for beginner education: IG stands out for newcomers thanks to frequent client webinars (at least monthly) and a wide range of videos that span both beginner and advanced trading topics. iFOREX delivers plenty of beginner-friendly videos, but it does not run regular webinars and offers fewer advanced lessons, which can make it harder to keep learning once you’ve mastered the basics.

Independent ratings reflect this gap: ForexBrokers.com gives IG 5 stars for Education and ranks it #1 out of 63 brokers, while iFOREX earns 3.5 stars and ranks #53. If you want a clear learning path with ongoing webinars and advanced material, IG is the stronger choice; if you mainly want starter videos to learn core forex and CFD concepts, iFOREX can cover those early steps.

Feature IG logoIG
iFOREX logoiFOREX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IG is better than iFOREX. IG finished with an overall rank of #1, while iFOREX finished with an overall rank of #52.

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 logoIG
iFOREX logoiFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 75
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with IG or iFOREX?

IG vs iFOREX: IG lets you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, whereas iFOREX does not offer delivered crypto but does offer crypto CFDs.

What funding options does each broker offer?

IG vs iFOREX deposit and withdrawal methods: IG supports ACH/SEPA, PayPal, and bank wire transfers (Skrill not supported; Visa/Mastercard not specified), whereas iFOREX does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.

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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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Overall Rating IG iFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 99 75
Winner check_circle
Review IG Review
Broker Screenshots IG iFOREX
Broker Gallery (click to expand) info
IG trading mobile app charting IG web platform dark mode IG research special research reports IG educational academy course detail
Regulation IG iFOREX
Trust Score info 99 75
Year Founded info 1974 1996
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 8 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) IG iFOREX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) IG iFOREX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IG iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 750
Forex Pairs (Total) info 97 88
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info Yes info No
Cryptocurrency (CFDs) info 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 iFOREX
Average spread (EUR/USD) - Standard account info 0.98 info N/A info
All-in Cost EUR/USD - Active info 0.82 info N/A info
Inactivity Fee info Yes No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding IG iFOREX
Minimum Deposit info £250.00 $100
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes No
Trading Platforms IG iFOREX
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
Trading Tools IG iFOREX
Virtual Trading (Demo) info Yes No
Price Alerts info Yes No
Charting - Indicators / Studies (Total) info 33 57
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading IG iFOREX
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes No
Research IG iFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No Yes
TipRanks info Yes
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education IG iFOREX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs IG iFOREX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review IG Review
Overall IG iFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 99 75
Winner check_circle
Review IG Review
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