To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare IG Group vs XTB.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG Group's score is 4.50 stars versus XTB's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. IG Group alongside XTB are regulated in a major hub. IG Group alongside XTB are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group offers its clients access to 91 different currency pairs while XTB has 49 available pairs, a difference of 42.
To round out our comparison of IG Group vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IG Group and XTB both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both brokers offer clients access to the same number of charting tools, 31. IG Group and XTB offer the same number of indicators (eg, volume), 51.
Overall, IG Group takes the upper hand with 5.00 stars over XTB's 4.00 stars. And, when it comes to individual category awards, XTB finished with awards Best in Class - Customer Service in 2018, while IG Group came up with Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education.