Compare Xtrade Vs IG: Which is the Better Forex Broker in 2024?
Xtrade Vs IG, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Xtrade Vs IG, here is the direct comparison:
Feature | Xtrade | IG |
General Rating |
1.00/5 |
2.40/5 |
|
Score | 50 | 65 | |
Trustpilot |
3.7/5 102 users |
4.1/5 6696 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2010 | 1974 | |
💲 Min Deposit | $100 | $0 | |
⚖ Max Leverage | 1:400 | 1:50 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $3 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | CashU, Credit/debit cards, giropay, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Wire transfer and YooMoney | Wire transfer and Credit/debit cards | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, English, Russian, Spanish | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese |
🚪 Trade Now | Open Xtrade | Open IG |
Testimonials
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Xtrade: Education Xtrade
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Xtrade: Simple.
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Xtrade: credibility
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Xtrade: Overall impression
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Xtrade: The onboarding process
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Xtrade: Education Xtrade
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Xtrade: Simple.
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Xtrade: credibility
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Xtrade: Overall impression
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Xtrade: The onboarding process
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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Xtrade: Education Xtrade
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See More Xtrade Testimonials
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See More IG Testimonials
News
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IG Group Loses CFO and COO as Q3 FY24 Revenue Flatlines
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IG Group Welcomes New Chief Operating Officer and Chief Risk Officer
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IG Group's Head of Marketing Partnerships Aneira Henery-Morley Resigns
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IG Forex Broker Secures Naming Rights for Nagoya's 17,000-Seat Arena
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IG Asia's CEO Tony Lim Bids Farewell After 9 Years
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IG Group Forex Broker Welcomes Breon Corcoran as New CEO
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IG Forex Broker Faces Revenue Decline of 9 Percent in H1 FY24
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IG Group Hires Eren Eraslan Head of IG Unit in Northern Europe
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IG CEO June Felix Leaves Her Position due to Health Condition
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IG Group US Collaborates with FIA to Strengthen Global Position
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Xtrade provides their pricing with Fixed spread while IG offers Variable spread.
Xtrade vs IG: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Xtrade enables trading with XTrade Platform. The offer is supported with Pending orders. 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 One-click trading, Trailing stop, Pending orders.
Is Xtrade or IG better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Xtrade supports trading with Forex, Stocks, Indexes, Crypto, while IG presents the ability of trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto.
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.
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