FXCL vs IG Group

FXCL vs IG Comparison Table 2024
FXCL	IG
Review 1.8	Review 4.4

FXCL is an offshore brokerage registered with the VFSC. The firm uses ECN execution to offer spreads from 0.0 pips. There are no deposit or withdrawal fees and access to reliable trading tools, including MetaTrader 4. Several promotions are also available including demo contests with cash prizes and deposit bonuses.	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
Comment by Reviewer
"FXCL will appeal to traders looking for very high leverage up to 1:2000, a low minimum deposit of $1, and flexible trading accounts."	"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
Regular trading contents with cash prizes, referral schemes and incentives for new and existing traders Integrated MT4 web platform and mobile app with analysis tools and custom charting Loss-free trading insurance for account balances of $500+ Multiple account options including a Cent solution for beginners Copy trading service for a hands-off investment approach Very high leverage up to 1:2000 Fast deposits and withdrawals	IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
Higher than average fees with spreads above 1 pip on forex during tests Deposit and withdrawal fees apply if minimums are not met Very basic education and market research that trails the best brokers Low trust score with weak regulation US traders not accepted	Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients IG has discontinued its swap-free account, reducing its appeal to Islamic traders Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
Awards
	Best Customer Service 2022 - Online Money Awards Best Spread Betting Provider 2022 - Online Money Awards Best Platform for the Active Trader 2022 - ADVFN International Financial Awards Best Multi Platform Provider 2022 - ADVFN International Financial Awards Best Finance App 2022 - ADVFN International Financial Awards
Instruments
CFDs, Forex, Cryptos, Commodities	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$1	$0
Trading Platforms
MT4	Web ProRealTime L2 Dealer MT4 AutoChartist TradingCentral
Payment Methods
	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVG FSA	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Margin Trading
Yes	Yes
Margin Rate
	2.5%
STP Account
No	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
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
	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
iOS App Rating
	4.6
Auto Trading
	Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$12
Islamic Account
Yes	No
Account Currencies
USD EUR MYR NGN	USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD
Stock Exchanges
	Australian Securities Exchange (ASX) Borsa Italiana Bombay Stock Exchange Deutsche Boerse Dow Jones Euronext Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Tadawul Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Natural Gas Oil Silver	Aluminium Coffee Cannabis Copper Gold Iron Lithium Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Sugar Wheat
CFD Trading
FXCL offers 100+ contracts for difference spanning forex, indices and crypto. Traders get 24/5 customer support alongside fast execution speeds and a low minimum deposit of $1.	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
1:2000	1:30 (Retail), 1:250 (Pro)
FTSE Spread
130	1.0
GBPUSD Spread
0.4	0.9
Oil Spread
5	2.8
Stocks Spread
N/A	0.02
Forex Trading
FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform. Spreads on currencies start from 0.1 pips.	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
	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
0.4	0.9
EURUSD Spread
0.1	0.8
EURGBP Spread
0.4	0.9
Assets
43	80+
Currency Indices
	USD
Cryptocurrency
FXCL supports trading on three cryptos (BTC, ETH and LTC), pegged against the US dollar. However, this is a very limited selection that doesn't rival the best crypto brokers.	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
Variable	Variable
Coins
BTC LTC ETH	BTC BCH LTC ETH ADA DOT DOGE LINK UNI XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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