Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare IG Group vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. IG Group is a better option with a 4.50 star rating over XTB's 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both IG Group and XTB are regulated in a major hub. IG Group and XTB are publicly traded companies. How many currency pairs are available to trade? 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, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both IG Group and XTB offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. XTB offers its clients access to 31 charting tools while IG Group has 9 charting tools, a difference of 22. XTB boasts an offering of 51 different indicators (for example, moving averages) compared to IG Group's 22 available indicators.
Overall, IG Group boasts 5.00 stars versus XTB's 4.00 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while IG Group was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.