TopFX vs IG Group

TopFX vs IG Group Comparison Table 2023
TopFX Review 2023 IG Group Review 2023
3.3
4.4

IG Group is #3 in our CFD broker rankings.

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

TopFX is a multi-regulated CFD broker with forex, indices, shares, commodities and ETFs traded via the MetaTrader 4 and cTrader platforms. Spreads are tight on the Zero account with competitive €5.50 round-turn commissions, and traders can be assured of fast execution and fair pricing from the broker's direct-market-access model.

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.
Bonus Offer
$50 No Deposit Bonus
Comment by Reviewer
"TopFX's competitive pricing and fast execution will suit experienced forex traders looking for good value and ultra-fast trading via an STP model." "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
  • Supports powerful MT4 and cTrader platforms
  • Fast execution with average speeds below 30ms
  • Generous rebate promotions for active traders
  • Spreads from zero and low commissions
  • Full range of investments
  • Fee-free account deposits
  • Fast one-day withdrawals
  • 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
Cons
  • No demo account
  • Limited crypto trading opportunities
  • Limited educational resources or extra trading tools
  • Inactivity charge
  • No copy trading platform
Awards
  • Best Client Trading Experience Broker - Global Forex 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, indices, shares, metals, energies, ETFs, CFDs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
No Yes
Minimum Deposit
$50 $0
Trading Platforms
  • MT4
  • cTrader
  • MT4
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, FSA 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
No No
Robo Advisor
No Yes
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
Yes No
Copy Trading Platform
TopFX offers low-cost copy trading tools to account holders through the cTrader platform. We like the real-time account and fund controls and the user-friendly interface which beats many alternatives.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$12
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, indices, energies, metals and ETFs with fast execution and leverage up to 1:30 from the ESMA branch or up to 1:500 from the offshore branch. TopFX is known for its fast execution model with no dealing desk intervention and client safeguards including segregated funds. 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
From 1.5 1.0
GBPUSD Spread
From 0.2 0.9
Oil Spread
From 2.0 2.8
Stocks Spread
Variable 0.02
Forex Trading
Trade 60+ currency pairs including majors as well as minors and exotics. This is a good range of FX pairs with attractive trading terms and spreads from zero offered on the broker's DMA accounts. 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.

GBPUSD Spread
From 0.2 0.9
EURUSD Spread
From 0.2 0.8
EURGBP Spread
From 0.2 0.9
Assets
90 80+
Currency Indices
  • USD
Cryptocurrency
Clients with a TopFX FSA regulated account can trade six crypto CFDs. However this is a narrow range and fees aren't the lowest so we don't recommend the broker for experienced crypto traders. 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
Floating Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • DASH
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
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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