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Written by ForexBrokers.com
August 05, 2024
Is IG better than FOREX.com? In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered Highly Trusted, with an overall Trust Score of 99 out of 99. FOREX.com is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.
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- check_box_outline_blankcheck_boxActivTrades
- check_box_outline_blankcheck_boxACY Securities
- check_box_outline_blankcheck_boxAdmirals
- check_box_outline_blankcheck_boxAlpari
- check_box_outline_blankcheck_boxATFX
- check_box_outline_blankcheck_boxAvaTrade
- check_box_outline_blankcheck_boxAxi
- check_box_outline_blankcheck_boxBDSwiss
- check_box_outline_blankcheck_boxBlackBull Markets
- check_box_outline_blankcheck_boxCapital.com
- check_box_outline_blankcheck_boxCharles Schwab
- check_box_outline_blankcheck_boxCity Index
- check_box_outline_blankcheck_boxCMC Markets
- check_box_outline_blankcheck_boxDooPrime
- check_box_outline_blankcheck_boxeasyMarkets
- check_box_outline_blankcheck_boxEightcap
- check_box_outline_blankcheck_boxeToro
- check_box_outline_blankcheck_boxExness
- check_box_outline_blankcheck_boxFinecoBank
- check_box_outline_blankcheck_boxFOREX.com
- check_box_outline_blankcheck_boxForex4you
- check_box_outline_blankcheck_boxFP Markets
- check_box_outline_blankcheck_boxFXCM
- check_box_outline_blankcheck_boxFXGT.com
- check_box_outline_blankcheck_boxFXOpen
- check_box_outline_blankcheck_boxFXPrimus
- check_box_outline_blankcheck_boxFxPro
- check_box_outline_blankcheck_boxGBE brokers
- check_box_outline_blankcheck_boxHFM
- check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
- check_box_outline_blankcheck_boxIC Markets
- check_box_outline_blankcheck_boxIFC Markets
- check_box_outline_blankcheck_boxiFOREX
- check_box_outline_blankcheck_boxIG
- check_box_outline_blankcheck_boxInteractive Brokers
- check_box_outline_blankcheck_boxIronFX
- check_box_outline_blankcheck_boxLegacyFX
- check_box_outline_blankcheck_boxLibertex (Forex Club)
- check_box_outline_blankcheck_boxMarkets.com
- check_box_outline_blankcheck_boxMoneta Markets
- check_box_outline_blankcheck_boxMultiBank
- check_box_outline_blankcheck_boxOANDA
- check_box_outline_blankcheck_boxOcta
- check_box_outline_blankcheck_boxPepperstone
- check_box_outline_blankcheck_boxPlus500
- check_box_outline_blankcheck_boxRoboForex
- check_box_outline_blankcheck_boxSaxo
- check_box_outline_blankcheck_boxSpreadex
- check_box_outline_blankcheck_boxSwissquote
- check_box_outline_blankcheck_boxtastyfx
- check_box_outline_blankcheck_boxTeleTrade
- check_box_outline_blankcheck_boxThinkMarkets
- check_box_outline_blankcheck_boxTickmill
- check_box_outline_blankcheck_boxTMGM
- check_box_outline_blankcheck_boxTopFX
- check_box_outline_blankcheck_boxTrade Nation
- check_box_outline_blankcheck_boxTrade360
- check_box_outline_blankcheck_boxTrading 212
- check_box_outline_blankcheck_boxVantage
- check_box_outline_blankcheck_boxVT Markets
- check_box_outline_blankcheck_boxXM Group
- check_box_outline_blankcheck_boxXTB
- check_box_outline_blankcheck_boxXtrade
Overall Rating | IG | FOREX.com | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 99 | |
Winner | check_circle | ||
Review | IG Review | FOREX.com Review |
Broker Screenshots | IG | FOREX.com | |
---|---|---|---|
Trading Platforms Gallery (click to expand)info | |||
Mobile Trading Gallery (click to expand)info | |||
Research Gallery (click to expand)info | |||
Education Gallery (click to expand)info |
Regulation | IG | FOREX.com | |
---|---|---|---|
Trust Scoreinfo | 99 | 99 | |
Year Foundedinfo | 1974 | 1999 | |
Publicly Traded (Listed)info | Yes | Yes | |
Bankinfo | Yes | No | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | Yes info | |
Tier-1 Licensesinfo | 8 | 7 | |
Tier-2 Licensesinfo | 2 | 1 | |
Tier-3 Licensesinfo | 0 | 0 | |
Tier-4 Licensesinfo | 1 | 1 |
Tier-1 Licenses (Highly Trusted) | IG | FOREX.com | |
---|---|---|---|
Australia (ASIC Authorised)info | Yes | Yes | |
Canada (CIRO Authorised)info | No | Yes | |
Hong Kong (SFC Authorised)info | No | No | |
Japan (SFC Authorised)info | Yes | Yes | |
Singapore (MAS Authorised)info | Yes | Yes | |
Switzerland (FINMA Authorised)info | Yes | No | |
United Kingdom (U.K.) (FCA Authorised)info | Yes | Yes | |
USA (CFTC Authorized)info | Yes | Yes | |
New Zealand (FMA Authorised)info | Yes | No | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | Yes info |
Tier-2 Licenses (Trusted) | IG | FOREX.com | |
---|---|---|---|
Kenya (CMA Authorised)info | No | No | |
Israel (ISA Authorised)info | No | No | |
South Africa (FSCA Authorised)info | Yes | No | |
UAE (DFSA/Central Bank Authorised)info | Yes | Yes | |
India (SEBI Authorised)info | No | No | |
Jordan (JSC Authorised)info | No | No |
Investments | IG | FOREX.com | |
---|---|---|---|
Forex Trading (Spot or CFDs)info | Yes | Yes | |
Tradeable Symbols (Total)info | 19537 | 5500 | |
Forex Pairs (Total)info | 97 | 91 | |
U.S. Stock Trading (Non CFD)info | Yes | No | |
Int'l Stock Trading (Non CFD)info | Yes | No | |
Social Trading / Copy Tradinginfo | No | No | |
Cryptocurrency (Physical)info | No | No | |
Cryptocurrency (Derivative)info | Yes | Yes | |
Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost | IG | FOREX.com | |
---|---|---|---|
Average Spread EUR/USD - Standardinfo | 0.98 info | 1.4 info | |
All-in Cost EUR/USD - Activeinfo | 0.82 info | 0.83 info | |
Active Trader or VIP Discountsinfo | Yes | Yes | |
Inactivity Feeinfo | Yes | Yes | |
Execution: Agency Brokerinfo | Yes | No | |
Execution: Market Makerinfo | Yes | Yes |
Funding | IG | FOREX.com | |
---|---|---|---|
Minimum Depositinfo | £250.00 | $100 | |
PayPal (Deposit/Withdraw)info | Yes | Yes | |
Skrill (Deposit/Withdraw)info | No | No | |
Visa/Mastercard (Credit/Debit)info | Yes | Yes | |
Bank Wire (Deposit/Withdraw)info | Yes | Yes | |
ACH or SEPA Transfersinfo | Yes | Yes |
Trading Platforms | IG | FOREX.com | |
---|---|---|---|
Proprietary Platforminfo | Yes | Yes | |
Desktop Platform (Windows)info | Yes | Yes | |
Web Platforminfo | Yes | Yes | |
Social Trading / Copy Tradinginfo | No | No | |
MetaTrader 4 (MT4)info | Yes | Yes | |
MetaTrader 5 (MT5)info | No | Yes | |
cTraderinfo | No | No | |
DupliTradeinfo | No | No | |
ZuluTradeinfo | No | No |
Trading Tools | IG | FOREX.com | |
---|---|---|---|
Virtual Trading (Demo)info | Yes | Yes | |
Alerts - Basic Fieldsinfo | Yes | Yes | |
Watchlists - Total Fieldsinfo | 5 | 20 | |
Charting - Indicators / Studies (Total)info | 33 | 88 | |
Charting - Drawing Tools (Total)info | 20 | 239 | |
Charting - Trade From Chartinfo | Yes | Yes | |
Charts can be savedinfo | Yes | Yes |
Mobile Trading | IG | FOREX.com | |
---|---|---|---|
Android Appinfo | Yes info | Yes | |
Apple iOS Appinfo | Yes | Yes | |
Mobile Alerts - Basic Fieldsinfo | Yes | Yes | |
Mobile Watchlistinfo | Yes | Yes | |
Watchlist Syncinginfo | Yes | Yes | |
Mobile Charting - Indicators / Studiesinfo | 33 | 88 | |
Mobile Charting - Draw Trendlinesinfo | Yes | Yes | |
Mobile Charting - Multiple Time Framesinfo | Yes | Yes | |
Mobile Charting - Drawings Autosaveinfo | Yes | Yes | |
Mobile Economic Calendarinfo | Yes | Yes |
Research | IG | FOREX.com | |
---|---|---|---|
Daily Market Commentaryinfo | Yes | Yes | |
Forex News (Top-Tier Sources)info | Yes | Yes | |
Autochartistinfo | Yes | No | |
Trading Central (Recognia)info | No | Yes | |
TipRanksinfo | Yes | No | |
Social Sentiment - Currency Pairsinfo | Yes | Yes | |
Economic Calendarinfo | Yes | Yes |
Education | IG | FOREX.com | |
---|---|---|---|
Education (Forex or CFDs)info | Yes | Yes | |
Client Webinarsinfo | Yes | Yes | |
Client Webinars (Archived)info | Yes | Yes | |
Videos - Beginner Trading Videosinfo | Yes | Yes | |
Videos - Advanced Trading Videosinfo | Yes | No | |
Investor Dictionary (Glossary)info | Yes | Yes |
Major Forex Pairs | IG | FOREX.com | |
---|---|---|---|
GBP/USDinfo | Yes | Yes | |
USD/JPYinfo | Yes | Yes | |
EUR/USDinfo | Yes | Yes | |
USD/CHFinfo | Yes | Yes | |
USD/CADinfo | Yes | Yes | |
NZD/USDinfo | Yes | Yes | |
AUD/USDinfo | Yes | Yes | |
Review | IG Review | FOREX.com Review |
Overall | IG | FOREX.com | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 99 | |
Winner | check_circle | ||
Review | IG Review | FOREX.com Review |
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IG vs FOREX.com Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare IG vs FOREX.com.
Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by eight Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IG is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.
Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FOREX.com is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.
Is IG good?
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
Is FOREX.com good?
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
What is the minimum deposit requirement for opening an account with IG?
To open a trading account with IG, you'll need to make an initial minimum deposit of £250.00.
What is the minimum deposit requirement for opening an account with FOREX.com?
FOREX.com requires a minimum deposit of $100 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both IG and FOREX.com offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw). Neither have Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
Does IG or FOREX.com offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that IG offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is IG or FOREX.com safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that IG holds 8 global Tier-1 licenses, while FOREX.com holds 7. IG holds 2 global Tier-2 licenses, while FOREX.com holds 1.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that IG and FOREX.com have earned the same Trust Score (99).
Which trading platform is better: IG or FOREX.com?
To compare the trading platforms of both IG and FOREX.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.
Here’s what trading platforms are available at IG:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - No
- ZuluTrade - No
- TradingView - No
Here’s what trading platforms are available at FOREX.com:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - Yes
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both IG and FOREX.com offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.
What can I trade with each broker?
IG provides traders 97 currency pairs (e.g., EUR/USD) compared to FOREX.com's 91 available pairs. If you are interested in trading a full range of securities, IG offers traders access to 19537 tradeable symbols, while FOREX.com offers access to 5500 tradeable symbols; so IG offers 14037 more tradeable symbols than FOREX.com.
We found in our testing that IG offers a more diverse selection of investment options than FOREX.com, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Spread Betting. Neither have Cryptocurrency (Physical) and Social Trading / Copy Trading.
Overall winner: IG
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announcementPlease note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.