IG Group vs FXCM

IG Group vs FXCM Comparison Table 2023
IG Group FXCM
4.4

IG Group is #2 in our CFD broker rankings.

3.5
United States Flag Traders from US accepted
United States Flag Traders from US not 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.

FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.

Forex trading involves risk. Losses can exceed deposits
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 18,000+ markets and top-tier market research." "FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
Pros
  • IG is an LSE-listed company with a transparent financial history and a great track record
  • Over 18,000 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
  • A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution
  • Premium support and custom solutions in the Active Trader professional account
  • Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus
  • Strong selection of educational materials including a new trader guide, market outlook reports and free webinars
  • Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA
  • A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
  • Inactivity charge
  • No copy trading platform
  • Live chat support is unreliable
  • Not the widest range of assets or trading vehicles
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
Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
£250 £300
Payment Methods
Minimum Trade
0.1 lots Varies by asset
Regulator
FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC.
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
Yes No
eSignal
No Yes
Trading Central
Yes No
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No Yes
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 Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS and Android
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
No Yes
Trade Signals
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
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
Stock Exchanges
Commodities
CFD Trading
IG offers an impressive suite of 18,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
1:30 1:30
FTSE Spread
1.0 pt 1.18 pts var*
GBPUSD Spread
from 0.589 pips 0.5 pips*
Oil Spread
2.8 pips 0.05 (var)*
Stocks Spread
Variable 0.2% Var*
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. Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
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
from 0.589 pips 0.5 pips var*
EURUSD Spread
from 0.165 pips 0.2 pips var*
EURGBP Spread
from 0.540 pips 0.5 pips var*
Assets
90+ 40
Currency Indices
  • USD
  • JPY
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. Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
  • BTC
  • ETH
  • LTC
  • BTC
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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