IG vs Interactive Brokers
By Akash · Facts re-checked (UTC)
Here is how IG and Interactive Brokers compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| IG | Interactive Brokers | |
|---|---|---|
| Regulators | FCA | FCA, CBI, ASIC |
| Minimum deposit | No minimum balance to open an account | No account minimum |
| Spreads from | 0.6 pips EUR/USD (MT4, UK) | – |
| Commission | Commission-free on MT4 forex | 0.08 to 0.20 bps x trade size, tiered by monthly volume; minimum USD 2.00 per order at Tier I |
| Max leverage | 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) | – |
| Platforms | IG web platform, IG app, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime | Trader Workstation (TWS), IBKR Mobile, Client Portal |
| Retail accounts losing money | 70% | 59.7% |
Full reviews: IG review · Interactive Brokers review
Frequently asked questions
What is the minimum deposit at IG and Interactive Brokers?
IG: No minimum balance to open an account. Interactive Brokers: No account minimum.
Are IG and Interactive Brokers regulated?
IG: FCA. Interactive Brokers: FCA, CBI, ASIC.
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