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IG vs Spreadex 2022

ForexBrokers.com

Written by ForexBrokers.com

Published July 15, 2022
Last modified August 25, 2022

Is IG better than Spreadex? 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. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less IG Spreadex
Overall Rating starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Offering of Investments starstarstarstarstar starstarstarstarstar_border
Platform & Tools starstarstarstarstar starstarstarstar_borderstar_border
Mobile Trading starstarstarstarstar starstarstarstar_borderstar_border
Research starstarstarstarstar starstarstarstarstar_border
Education starstarstarstarstar starstarstarstar_borderstar_border
Trust Score 99 70
Winner check_circle
Review IG Review Spreadex Review
Regulation expand_moreexpand_less IG Spreadex
Trust Score 99 70
Year Founded 1974 1999
Publicly Traded (Listed) Yes No
Bank Yes No
Tier-1 Licenses 7 1
Tier-2 Licenses 2 0
Tier-3 Licenses 1 0
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less IG Spreadex
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) Yes No
Tier-2 Licenses (Average Trust) expand_moreexpand_less IG Spreadex
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
NSE Authorised (India) No No
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) expand_moreexpand_less IG Spreadex
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 expand_moreexpand_less IG Spreadex
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 19537 2000
Forex Pairs (Total) 100 52
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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 expand_moreexpand_less IG Spreadex
Average Spread EUR/USD - Standard 0.828 (September 2021) -1
All-in Cost EUR/USD - Active 0.365 (May 2020) -1
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
Funding expand_moreexpand_less IG Spreadex
Minimum Initial Deposit £250.00 $0
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No No
Trading Platforms expand_moreexpand_less IG Spreadex
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
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 expand_moreexpand_less IG Spreadex
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 14
Charting - Indicators / Studies (Total) 32 55
Charting - Drawing Tools (Total) 20 10
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less IG Spreadex
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 32 N/A
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
Research expand_moreexpand_less IG Spreadex
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Education expand_moreexpand_less IG Spreadex
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex Pairs expand_moreexpand_less IG Spreadex
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
Review IG Review Spreadex Review
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IG vs Spreadex 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 Spreadex.

Does IG or Spreadex 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 Spreadex 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. IG holds 7 global Tier-1 licenses, while Spreadex holds 1. IG holds 2 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than Spreadex.

Which trading platform is better: IG or Spreadex?

To compare the trading platforms of both IG and Spreadex, 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 Spreadex's 52 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Spreadex has 2000 available CFDs, a difference of 17537.

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 Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

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 Spreadex good?

SpreadEx is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. which offers a proprietary trading platform as well as a growing selection of markets. However, SpreadEx can't compete with the best forex brokers in certain key categories, such as education and research.

Overall winner: IG

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