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IG vs Markets.com 2020

Is IG better than Markets.com? After testing 30 of the best forex brokers over five months, IG is better than Markets.com. 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 2020.



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.

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Overall Rating

Feature IG Markets.com
Overall 5 4
Commissions & Fees 5 4
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 4.5 4
Research 5 4
Education 4.5 3.5
Trust Score 99 97
76% of retail CFD accounts lose money 70% of retail CFD accounts lose money
IG Review Markets.com Review
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Regulation

Feature IG Markets.com
Trust Score 99 97
Year Founded
1974 1999
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
6 2
Tier-2 Licenses
3 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature IG Markets.com
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

Investments

Feature IG Markets.com
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
104 57
CFDs - Total Offered
19537 2179
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature IG Markets.com
Average Spread EUR/USD - Standard
0.745 (August 2020) 1.9 (as of Oct 19)
All-in Cost EUR/USD - Active
0.365 (May 2020) 1.9 (as of May 19)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature IG Markets.com
Minimum Initial Deposit
£250.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG Markets.com
Proprietary Platform
Yes Yes
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 No

Trading Tools

Feature IG Markets.com
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
14 6
Charting - Indicators / Studies (Total)
30 89
Charting - Drawing Tools (Total)
20 4
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature IG Markets.com
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
30 (default on MT4, none on Markets app)
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

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

Education

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

Major Forex Pairs

Feature IG Markets.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

Overall

Feature IG Markets.com
Overall 5 4
Commissions & Fees 5 4
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 4.5 4
Research 5 4
Education 4.5 3.5
Trust Score 99 97
IG Review Markets.com Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare IG vs Markets.com.

Does IG or Markets.com 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 IG or Markets.com 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 Markets.com holds 2. IG holds 3 global Tier-2 licenses, while Markets.com holds 2. All regulators considered, IG has a Trust Score of 99.00, while Markets.com's Trust Score is 97.00.

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

How many forex pairs and CFDs are available to trade?
IG provides traders 104 currency pairs (e.g., EUR/USD) compared to Markets.com's 57 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Markets.com has 2179 available CFDs, a difference of 17,358.

Overall, between IG and Markets.com, IG is the better forex broker.

IG Review
Markets.com Review

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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 web site as of 01/20/2020 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.

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IG - 76% 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.

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