Is IG better than Interactive Brokers? In our analysis of 23 international regulators across 39 brokers, IG is considered low-risk, with an overall Trust Score of 99 out of 99. Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.
| Overall Rating | IG | Interactive Brokers |
|---|---|---|
| Overall Rating | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 99 |
| Regulation | IG | Interactive Brokers |
|---|---|---|
| Trust Score | 99 | 99 |
| Year Founded | 1974 | 1977 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 8 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Authorised in European Union | Yes | Yes |
| Tier-1 Licenses (High Trust) | IG | Interactive Brokers |
|---|---|---|
| ASIC Authorised (Australia) | Yes | Yes |
| IIROC Authorised (Canada) | No | Yes |
| SFC Authorised (Hong Kong) | No | Yes |
| CBI Authorised (Ireland) | No | Yes |
| FSA Authorised (Japan) | Yes | Yes |
| MAS Authorised (Singapore) | Yes | Yes |
| FINMA Authorised (Switzerland) | Yes | Yes |
| FCA Authorised (U.K.) | Yes | Yes |
| CFTC Registered (USA) | Yes | Yes |
| FMA Authorised (New Zealand) | Yes | No |
| Tier-2 Licenses (Average Trust) | IG | Interactive Brokers |
|---|---|---|
| CBRC Authorised (China) | No | No |
| CySEC Authorised (Cyprus) | No | No |
| NSE Authorised (India) | No | Yes |
| ISA Authorised (Israel) | No | No |
| CBR Authorised (Russia) | No | No |
| FSCA Authorised (South Africa) | Yes | No |
| SEC Authorised (Thailand) | No | No |
| DFSA / Central Bank Authorised (UAE) | Yes | No |
| Tier-3 Licenses (Low Trust) | IG | Interactive Brokers |
|---|---|---|
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| CIMA Authorised (Cayman Islands) | No | No |
| BMA Authorised (Bermuda) | Yes | No |
| FSC Authorised (British Virgin Islands) | No | No |
| FSC Authorised (Mauritius) | No | No |
| VFSC Authorised (Vanuatu) | No | No |
| Investments | IG | Interactive Brokers |
|---|---|---|
| Forex Trading | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 7400 |
| Forex Pairs (Total) | 100 | 91 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (CFD) | Yes | No |
| Cost | IG | Interactive Brokers |
|---|---|---|
| Average Spread EUR/USD - Standard | 0.828 (September 2021) | 0.6 (From 09/25/21 - 10/02/21) |
| All-in Cost EUR/USD - Active | 0.365 (May 2020) | 0.6 (From 09/25/21 - 10/02/21) |
| Active Trader or VIP Discounts | Yes | Yes |
| Execution: Agency Broker | Yes | Yes |
| Execution: Market Maker | Yes | No |
| Funding | IG | Interactive Brokers |
|---|---|---|
| Minimum Initial Deposit | £250.00 | $0 |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Trading Platforms | IG | Interactive Brokers |
|---|---|---|
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| cTrader | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Trading Tools | IG | Interactive Brokers |
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Alerts - Basic Fields | Yes | Yes |
| Watchlists - Total Fields | 14 | 651 |
| Charting - Indicators / Studies (Total) | 32 | 127 |
| Charting - Drawing Tools (Total) | 20 | 9 |
| Charting - Trade From Chart | Yes | Yes |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | Interactive Brokers |
|---|---|---|
| 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 | 32 | 98 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Forex Calendar | Yes | Yes |
| Research | IG | Interactive Brokers |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| Economic Calendar | Yes | Yes |
| Education | IG | Interactive Brokers |
|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes |
| 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 |
| Major Forex Pairs | IG | Interactive Brokers |
|---|---|---|
| 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 |
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 Interactive Brokers.
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, Interactive Brokers offers better pricing overall for traders.
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 2 global Tier-2 licenses, while Interactive Brokers holds 1. In our analysis of 23 international regulators across 50 brokers, IG and Interactive Brokers earned the same Trust Score.
To compare the trading platforms of both IG and Interactive Brokers, 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.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
IG provides traders 100 currency pairs (e.g., EUR/USD) compared to Interactive Brokers's 91 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Interactive Brokers has 7400 available CFDs, a difference of 12137.
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).
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by eight tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), and the Commodity Futures Trading Commission (CFTC).
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
Overall winner: IG
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