FOREX.com vs IG
By Akash · Facts re-checked (UTC)
Here is how FOREX.com and IG compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| FOREX.com | IG | |
|---|---|---|
| Regulators | FCA, NFA/CFTC | FCA |
| Minimum deposit | $100 (US); £100 (UK) | No minimum balance to open an account |
| Spreads from | 0.8 pips EUR/USD (Standard account) | 0.6 pips EUR/USD (MT4, UK) |
| Commission | RAW Spread account: EUR/USD from 0.2 points plus commission | Commission-free on MT4 forex |
| Max leverage | 50:1 (US entity, NFA/CFTC) | 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) |
| Platforms | FOREX.com web platform, FOREX.com mobile app, TradingView, MetaTrader 4, MetaTrader 5 | IG web platform, IG app, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime |
| Retail accounts losing money | – | 70% |
Full reviews: FOREX.com review · IG review
Frequently asked questions
What is the minimum deposit at FOREX.com and IG?
FOREX.com: $100 (US); £100 (UK). IG: No minimum balance to open an account.
Are FOREX.com and IG regulated?
FOREX.com: FCA, NFA/CFTC. IG: FCA.
Which has tighter spreads, FOREX.com or IG?
Published spreads start from 0.8 pips EUR/USD (Standard account) at FOREX.com and 0.6 pips EUR/USD (MT4, UK) at IG; commission: FOREX.com RAW Spread account: EUR/USD from 0.2 points plus commission, IG Commission-free on MT4 forex.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more