FXCM vs IG: Which One is Better for You?

FXCM 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 FXCM vs IG, here is the direct comparison:

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General Rating 1.00/5
Trustpilot 2.7/5

rated by 44 users

rated by 5338 users

General Information

Office(s) Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States
Regulation ASIC 309763
CONSOB (Italy), 76
CySEC, 392/20
DMCC (Dubai), 31171
FCA (UK), 217689
ISA (Israel), 2
SFC (Hong Kong), AIM232
CFTC/NFA, 0509630
FCA (UK) 195355
Established 1999 1974
Minimum Deposit $1 $1
Maximum Leverage 1:400 1:50
Spread Fixed Variable
Commissions $4 $3
Minimum Position 0.01 lot 0.01 lot
Payment Credit/debit cards, Neteller, Skrill and Wire transfer Credit/debit cards and Wire transfer
Official Website Visit FXCM Visit IG

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Spread betting
Gold & silver
Binary options
Soft commodities
Soft Commodities
Spread Betting

Customer Support

Website Languages Arabic, Chinese, English, French, German, Greek, Hebrew, Italian, Portuguese, Spanish, Swedish Chinese, English, French, German, Italian, Japanese, Portuguese, Spanish, Swedish
Email Support
Call Support
Chat Support


Traders Reviews

Khaerul Anshar

Apr 9 2021

nice broker

More Reviews


Aug 22 2020

Dreadful customer support. The app is brilliant but suffers with glitches. I tried to buy a fund and it kept give me error result.

More Reviews

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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, FXCM provides their pricing with Fixed spread while IG offers Variable spread.

FXCM 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, FXCM enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, 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 Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.

Is FXCM 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, FXCM supports trading with Forex, CFD, Stocks, Agriculture, Gold & silver, Oil, Indexes, Spread betting, Cryptocurrencies, while IG presents the ability of trading with Forex, Gold & silver, CFD, Oil, Spread betting, Cryptocurrencies.

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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