SimpleFX vs IG Group
| SimpleFX Review 2023 | IG Group Review 2023 |
|---|---|
4.2
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4.4
IG Group is #2 in our CFD broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts. |
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. |
| Forex trading involves risk. Losses can exceed deposits. | |
| Comment by Reviewer | |
| "SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." | "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 | |
| Forex, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Demo Account | |
| Yes | Yes |
| 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 | |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 2.5% | |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| Yes | Yes |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS, Android + Web Trader | iOS & Android |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
| Copy Trading | |
| No | No |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| 3% | $12 |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
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| Commodities | |
| CFD Trading | |
| Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas. | 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. |
| Leverage | |
| 1:500 | 1:30 (Retail), 1:250 (Pro) |
| FTSE Spread | |
| 1.3 | 1.0 |
| GBPUSD Spread | |
| 1.2 | 0.9 |
| Oil Spread | |
| 0.03 | 2.8 |
| Stocks Spread | |
| Variable | 0.02 |
| Forex Trading | |
| SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels. | 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 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 | |
| 1.2 | 0.9 |
| EURUSD Spread | |
| 0.9 | 0.8 |
| EURGBP Spread | |
| 0.9 | 0.9 |
| Assets | |
| 60 | 80+ |
| Currency Indices | |
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| Cryptocurrency | |
| SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. | 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. |
| Spread | |
| From 0.0001 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
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| Forex trading involves risk. Losses can exceed deposits. | |
| More Comparisons | |
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SimpleFX vs |
IG Group vs |