FBS vs IG Group
FBS | IG |
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4.3
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4.4
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FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has 17 million clients in over 190 countries, attracted by a diverse range of markets and the reputable MetaTrader platforms. |
Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. |
Customer Reviews | |
4
Based on 2 IG customer reviews
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Promotions | |
Comment by Reviewer | |
"FBS is a great choice for traders of all experience levels and budgets with various account types, plus MetaTrader 4 and MetaTrader 5 access. That said, the broker's Cent account and intensive forex course will be particularly beneficial for beginners." | "IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, forex, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$5 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, CySEC, FSC, FSCA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2.5% | |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
DMA Account | |
No | Yes |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
App Review | |
The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores. |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
Android App Rating | |
4.9 |
4 |
iOS App Rating | |
4.6 |
4.6 |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
MT4 & MT5 | Yes |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$12 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
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Commodities | |
CFD Trading | |
You can go long or short on a decent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with over 50 indicators and charting tools, plus fast market execution from 0.3 seconds. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. |
Leverage | |
1:30 (EU & Restricted Countries), 1:3000 (Global) | 1:30 (Retail), 1:250 (Pro) |
FTSE Spread | |
From 0.0 | 1.0 |
GBPUSD Spread | |
From 0.6 | 0.9 |
Oil Spread | |
From 0.0 | 2.8 |
Stocks Spread | |
Variable | 0.02 |
Forex Trading | |
FBS offers a below-average range of 35+ majors, minors and exotics. That said, spreads are fairly competitive, averaging 0.7 pips for EUR/USD in the Standard account. There’s also an excellent range of forex market resources and tools on offer, including calculators and an intensive forex course. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. |
Forex App | |
The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores. |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks. |
GBPUSD Spread | |
From 0.6 | 0.9 |
EURUSD Spread | |
From 0.5 | 0.8 |
EURGBP Spread | |
From 2.1 | 0.9 |
Assets | |
36 | 80+ |
Currency Indices | |
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Cryptocurrency | |
FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs, making the broker a great pick for traders looking to diversify their digital asset portfolios. Spreads are also decent, averaging around 20.0 for BTC/USD. | IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. |
Spread | |
Floating | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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