IG Group vs Firstrade

IG Group vs Firstrade Comparison Table 2023
IG Group Review 2023 Firstrade Review 2023
4.4

IG Group is #2 in our CFD broker rankings.

4

Firstrade is #23 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.

Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.

Forex trading involves risk. Losses can exceed deposits.
Bonus Offer
Deposit Bonus Up To $4000
Promotions

Get $200 In Transfer Fee Rebates When You Switch To Firstrade

Comment by Reviewer
"IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 17,000+ markets and top-tier market research." "We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
  • IG is an LSE-listed company with a transparent financial history and a great track record
  • Over 17,000 assets are available spanning stocks, forex, commodities, baskets, futures, options and more
  • IG offers great educational materials including an extensive library of training and support on how to day trade successfully
  • Users have access to a comprehensive range of charts, market news, client sentiment data, and analysis tools
  • Share dealing and ISAs are available for longer term investing
  • Opening an account takes less than 5 minutes
  • 24/5 customer support is available
  • SIPC member
  • Low OTC fees
  • Crypto trading
  • Premarket trading
  • Accepts US traders
  • No minimum deposit
  • Commission-free investing
  • Regulated by SEC and FINRA
  • Multiple customer support options
  • Access to education, research, and tools
  • Stop limit and trailing stop orders supported
  • Mobile app with advanced features and analysis
Cons
  • Inactivity charge
  • No copy trading platform
  • No copy trading
  • Some withdrawal fees
  • No 24/7 customer support
  • No forex or futures trading
  • No demo/paper trading account
  • Visa Credit/debit card deposits and withdrawals not accepted
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
  • Best for ETF & Active Investor Commission & Fees - 2019
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
$0 $0
Trading Platforms
  • MT4
  • AutoChartist
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
2.5% 4.50%
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
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
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No Yes
Guaranteed Stop Loss
Yes No
Inactivity Fee
$12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
IG offers an impressive suite of 17,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. CFD trading not offered
Leverage
1:30 (Retail), 1:250 (Pro)
FTSE Spread
1.0
GBPUSD Spread
0.9
Oil Spread
2.8
Stocks Spread
0.02
Forex Trading
IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime. Forex trading not offered
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
0.9
EURUSD Spread
0.8
EURGBP Spread
0.9
Assets
80+
Currency Indices
  • USD
Cryptocurrency
11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs. Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Forex trading involves risk. Losses can exceed deposits.
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