IG Group vs Trade Republic
IG Group Review 2023 | Trade Republic Review 2023 |
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4.4
IG Group is #2 in our CFD broker rankings. |
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Not Yet Rated
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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. |
Trade Republic is a German-based mobile-only securities bank and stockbroker that supports stocks, derivatives and crypto trading. |
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 17,000+ markets and top-tier market research." | |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, ETFs, Indices, Derivatives, Cryptos |
Demo Account | |
Yes | No |
Minimum Deposit | |
$0 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | BaFin, Bundesbank |
Margin Trading | |
Yes | No |
Margin Rate | |
2.5% | |
STP Account | |
No | Yes |
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 | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
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 | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$12 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
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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. | Trade Republic offers over 40,000 derivatives assets, including CFDs, with no commission charges or spread mark-ups. |
Leverage | |
1:30 (Retail), 1:250 (Pro) | |
FTSE Spread | |
1.0 | Market |
GBPUSD Spread | |
0.9 | Market |
Oil Spread | |
2.8 | Market |
Stocks Spread | |
0.02 | Market |
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. | Trade Republic offers derivatives trading on a range of currencies for its European clients. |
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. |
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GBPUSD Spread | |
0.9 | Market |
EURUSD Spread | |
0.8 | Market |
EURGBP Spread | |
0.9 | Market |
Assets | |
80+ | Limited |
Currency Indices | |
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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 Republic supports derivatives trading on four leading cryptocurrencies. |
Spread | |
Variable | Market |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | Binary options are offered on popular financial markets. |
Payout | |
Undisclosed% | |
Ladder Options | |
Yes | No |
Boundary Options | |
No | No |
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Forex trading involves risk. Losses can exceed deposits. | |
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