IG Group vs Fortrade

IG vs Fortrade Comparison Table 2024
IG	Fortrade
Review 4.4	Review 3.8

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.	Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
Customer Reviews
4 Based on 2 IG customer reviews
Comment by Reviewer
"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."	"With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for newer traders."
Pros
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	Wide range of markets available including cryptos Comprehensive educational resources and content Strong regulation from FCA & CySEC Choice of platforms including MT4 Unlimited time demo account Online CFD trading APK
Cons
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	Wider than average spreads on some assets Only one account type available Slow withdrawals
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, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
Web ProRealTime L2 Dealer MT4 AutoChartist TradingCentral	MT4 TradingCentral
Payment Methods
Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	Credit Card Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA	FCA, ASIC, CySEC, NBRB, FSC, CIRO
Margin Trading
Yes	Yes
Margin Rate
2.5%
STP Account
No	No
ECN Account
No	Yes
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
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.	The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
Android App Rating
4	4.2
iOS App Rating
4.6	3.5
Auto Trading
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$12	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD	USD EUR GBP
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	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Toronto Stock Exchange
Commodities
Aluminium Coffee Cannabis Copper Gold Iron Lithium Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Sugar Wheat	Copper Corn Cotton Gasoline Gold Natural Gas Oil Palladium Platinum Silver Sugar Wheat
CFD Trading
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.	Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform.
Leverage
1:30 (Retail), 1:250 (Pro)	1:30 (varies by entity)
FTSE Spread
1.0	2
GBPUSD Spread
0.9	2
Oil Spread
2.8	0.04
Stocks Spread
0.02	Variable
Forex Trading
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.	Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.
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.	The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
GBPUSD Spread
0.9	2
EURUSD Spread
0.8	2
EURGBP Spread
0.9	3
Assets
80+	60+
Currency Indices
USD
Cryptocurrency
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.	Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions.
Spread
Variable	Variable
Coins
BTC BCH LTC ETH ADA DOT DOGE LINK UNI XLM	BTC DSH LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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