Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. When it comes to market research, both IG and FOREX.com provide valuable insights, including daily market commentary and forex news from reputable sources like Bloomberg and Reuters. Both also offer sentiment-based trading tools, economic calendars, and a variety of other resources that keep traders informed about global market trends. However, IG stands out with additional research capabilities, featuring tools from companies like Autochartist and TipRanks, which are not available with FOREX.com. These tools offer detailed technical and fundamental analysis options that can be critical for more in-depth research.
After testing 62 of the best forex brokers, our research and account testing finds that IG is better than Interactive Brokers. IG finished with an overall rank of #1, while Interactive Brokers finished with an overall rank of #2. I’m focusing on affiliate marketing, including buying, building, and selling digital assets which create passive income streams through SEO & paid traffic. As such, it is important to assess each broker’s features offered to ensure that you make the right choice for your personal investing needs. In addition, there are 27 commodities, 80 currency pairs, and eight cryptocurrency pairs available. Performance analytics provided by Chasing Returns also allows traders to optimize their trading strategy.
Is Forex.com or IG better in providing the trading instruments?
Forex.com customer service reps appear to be more reachable, so we will go with Forex.com on customer service. FOREX.com provides excellent technical support with fast and professional service, available 24/7. Stop loss orders are very useful for more volatile investments, especially when speculating fxchoice review on a stock or Forex currency pair.
One standout feature is its integration with social trading and community features, allowing traders to share insights and strategies. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Founded in 2001, Forex.com has built a strong reputation as a reliable and transparent broker for retail traders in the Forex and CFD markets. The platform is known for its solid regulatory standing, being licensed by top financial authorities such as the U.S. Commodity Futures Trading Commission (CFTC), the UK’s Financial Conduct Authority (FCA), and others across multiple regions. Over the years, Forex.com has evolved from a small niche player into one of the largest Forex brokers globally, providing its services to traders in over 180 countries. Conversely, when the market takes a downturn, it can be disastrous for your investments.
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing. We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support. When choosing a broker like Forex.com or IG for trading, it’s important to ensure your money is held in a segregated bank account. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Forex.com or IG. A MAM (Multi-Account Manager) account is typically used by professional traders.
- Between 51% and 89% of retail investor accounts lose money when trading CFDs.
- Forex.com is ideal for traders looking for lower minimum deposits and solid platform variety, while IG offers a broader asset range and tools that are more advanced for experienced traders.
- Nevertheless, each broker has its own security reputation, so let’s take a look at some of the distinctions between them.
- In this case, IG supports trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto, while Forex.com presents the ability of trading with Forex, CFD, Crypto.
The broker provides tight spreads, and traders can access a wide variety of major and minor pairs, as well as CFDs on commodities, indices, and cryptocurrencies. Forex.com also offers access to U.S. and international stocks via CFDs, giving traders the ability to tap into a broader market. IG is an industry-leading broker that offers a comprehensive range of trading instruments and advanced trading platforms, backed by a strong regulatory framework. More than 13,000 global equity CFDs across 26 markets, complemented by index CFDs, account for the bulk of assets, followed by over 4,000 bonds, options, ETFs, and in-house created derivatives. Forex traders have access to 80 currency pairs, eight cryptocurrency pairs, and 27 commodities. While Forex.com also features 80 currency pairs, the total asset selection tops out at 330, featuring equity and index CFDs, soft and hard commodity contracts, and cryptocurrencies.
IG Markets vs. Forex.com
For traders who rely on mobile access, both apps are strong, but Forex.com’s wider compatibility with MT platforms may appeal to algorithmic and copy traders. These provide an array of features that make for a more enjoyable user experience, such as higher quality add-ons than are available with other brokers. Traders looking for a cost-effective solution will find that its equity commissions are lower than IG Markets.
IG Markets Vs. Forex.com – Verdict
It is always advisable to have a diversified investment portfolio whether trading with Forex.com or IG. A diversified portfolio with Forex.com or IG can safeguard your investments from significant downturns in any particular market. When it comes to regulatory credibility, IG holds 8 Tier-1 licenses and 2 Tier-2 licenses, while FOREX.com is close behind with 7 Tier-1 and 1 Tier-2 licenses. Indeed, each company has earned a perfect Trust Score of 99 from ForexBrokers.com, indicating they are coinmama review both highly trusted brokers.
Account Opening
- IG offers a massive selection of 19,537 tradable symbols, significantly more than Interactive Brokers, which provides access to 8,500 symbols.
- ProRealTime offers advanced charting tools, technical indicators, and the ability to backtest trading strategies.
- Both Forex.com and IG offer foreign exchange (forex) trading, along with other markets including shares, indices, commodities, futures, options, cryptocurrencies and more.
- We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Forex.com, IG or an alternative broker.
- IG provides robust customer support with 24/7 service for traders, offering assistance via phone, live chat, and email.
The average mark-up is approximately the same and closer to 1.0 pips, making both brokers neither highly competitive nor overly expensive. Equity trading at IG Markets carries a 0.10% commission with a £10/€10 minimum, except for US shares, where the commission is $0.020 per share with a $25 minimum. Forex.com maintains a lower cost structure with 0.08% commissions and £10 for UK equities and $0.018 and $10 for US ones. New traders will benefit from IG Academy, where a combination of interactive education and online trading courses introduce financial markets. The web TV channel, podcasts, and live trading sessions add tremendous value.
In comparison, IG provides trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days) with the support of . 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. When it comes to the “Forex.com VS IG” debate, the right choice ultimately hinges on your specific trading needs and preferences.
Both IG and FOREX.com excel in providing comprehensive trading platforms and tools, each offering traders a rich set of features tailored to enhance their trading experience. Both brokers offer free demo accounts, allowing users to practice trading without financial risk. They also provide proprietary platforms, developed in-house, alongside a Windows-based desktop download and web-based platform for seamless trading.
However, in the ranking of 62 brokers by ForexBrokers.com for research, IG is positioned at number two, slightly ahead of Interactive Brokers, which is ranked third. This subtle difference may indicate IG’s slightly broader array of research tools and resources, appealing to traders who value diverse analytical tools. Regardless, both platforms cater well to informed trading with their comprehensive research features. The IG Markets and Forex.com platforms offer clients access to various financial instruments, including foreign exchange and equity trading.
This website is for informational purposes only and should not be considered advice. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, coinbase exchange review trading, and stocks. However, we cannot provide financial advice and urge users to do their own research and due diligence.
You may prioritize a wide range of instruments, lower deposits, access to MT5, or the ability to copy-trade. Your choice will ultimately hinge on what you value most in your forex journey. However, traders can still choose their ideal brokers by the type of their spreads.