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IG vs Interactive Brokers 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

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

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Overall RatingIGInteractive Brokers
Overall Rating5 Stars5 Stars
Commissions & Fees5 Stars5 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars5 Stars
Mobile Trading5 Stars5 Stars
Research5 Stars5 Stars
Education5 Stars4.5 Stars
Trust Score9999
Winnercheck_circle
ReviewIG ReviewInteractive Brokers Review
RegulationIGInteractive Brokers
Trust Score9999
Year Founded19741977
Publicly Traded (Listed)YesYes
BankYesNo
Tier-1 Licenses78
Tier-2 Licenses21
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)IGInteractive Brokers
ASIC Authorised (Australia)YesYes
IIROC Authorised (Canada)NoYes
SFC Authorised (Hong Kong)NoYes
CBI Authorised (Ireland)NoYes
FSA Authorised (Japan)YesYes
MAS Authorised (Singapore)YesYes
FINMA Authorised (Switzerland)YesYes
FCA Authorised (U.K.)YesYes
CFTC Registered (USA)YesYes
FMA Authorised (New Zealand)YesNo
Tier-2 Licenses (Average Trust)IGInteractive Brokers
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoNo
SEBI Authorised (India)NoYes
ISA Authorised (Israel)NoNo
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesNo
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesNo
Tier-3 Licenses (Low Trust)IGInteractive Brokers
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
InvestmentsIGInteractive Brokers
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)195378500
Forex Pairs (Total)10090
U.S. Stock Trading (Non CFD)YesYes
Int'l Stock Trading (Non CFD)YesYes
Social Trading / Copy TradingYesNo
Cryptocurrency (Physical)NoYes
Cryptocurrency (CFD)YesNo
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).
CostIGInteractive Brokers
Average Spread EUR/USD - Standard0.86 (September 2022)0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)0.6 (Aug 2022)
Active Trader or VIP DiscountsYesYes
Execution: Agency BrokerYesYes
Execution: Market MakerYesNo
FundingIGInteractive Brokers
Minimum Initial Depositยฃ250.00$0
PayPal (Deposit/Withdraw)YesNo
Skrill (Deposit/Withdraw)NoNo
Visa/Mastercard (Credit/Debit)YesNo
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGInteractive Brokers
Proprietary PlatformYesYes
Desktop Platform (Windows)YesYes
Web PlatformYesYes
Social Trading / Copy TradingYesNo
MetaTrader 4 (MT4)YesNo
MetaTrader 5 (MT5)NoNo
cTraderNoNo
DupliTradeNoNo
ZuluTradeNoNo
Trading ToolsIGInteractive Brokers
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields14640
Charting - Indicators / Studies (Total)33128
Charting - Drawing Tools (Total)2085
Charting - Trade From ChartYesYes
Charts can be savedYesYes
Mobile TradingIGInteractive Brokers
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesYes
Mobile Charting - Indicators / Studies3397
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesNo
Forex CalendarYesYes
ResearchIGInteractive Brokers
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistYesNo
Trading Central (Recognia)NoYes
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGInteractive Brokers
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 PairsIGInteractive Brokers
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewInteractive Brokers Review
OverallIGInteractive Brokers
Overall Rating5 Stars5 Stars
Commissions & Fees5 Stars5 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars5 Stars
Mobile Trading5 Stars5 Stars
Research5 Stars5 Stars
Education5 Stars4.5 Stars
Trust Score9999
Winnercheck_circle
ReviewIG ReviewInteractive Brokers Review
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IG vs Interactive Brokers 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 Interactive Brokers.

Does IG or Interactive Brokers 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, Interactive Brokers offers better pricing overall for traders.

Is IG or Interactive Brokers 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. Interactive Brokers holds 8 global Tier-1 licenses, while IG holds 7. 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.

Which trading platform is better: IG or Interactive Brokers?

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.

What about MetaTrader and copy trading?

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.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to Interactive Brokers's 90 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Interactive Brokers has 8500 available CFDs, a difference of 11037.

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 Interactive Brokers?

Interactive Brokers is publicly traded, does not operate a bank, and is authorised by nine 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).

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 Interactive Brokers good?

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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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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