Compare IG Vs FXOpen: Which is the Better Forex Broker in 2024?
IG Vs FXOpen, 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 IG Vs FXOpen, here is the direct comparison:
Compare | IG | FXOpen |
General Rating |
2.40/5 |
2.86/5 |
Score | ||
Trustpilot |
4.1/5 6650 users |
4.2/5 12 users |
πΌ Regulation | ||
β Info | ||
β Established | 1974 | 2003 |
π² Min Deposit | $0 | $1 |
β Max Leverage | 1:50 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3 | $1.50 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
πͺ Trade Now | Open IG | Open FXOpen |
Compare Again
Testimonials
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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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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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See More IG Testimonials
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See More FXOpen Testimonials
News
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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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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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IG Group Hires Eren Eraslan Head of IG Unit in Northern Europe
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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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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See More Related IG News
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See More Related FXOpen News
Article
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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How to Open Account in FXOpen
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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See More Related FXOpen Article
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- Comparison List
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, IG provides their pricing with Variable spread while FXOpen offers Variable spread.
IG vs FXOpen: 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, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is IG or FXOpen 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, IG supports trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
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.
Looking for more references? Here are other comparisons related to IG and FXOpen:
- Compare IG vs RoboForex
- Compare IG vs DeltaStock
- Compare IG vs FBS
- Compare FXOpen vs FXGT
- Compare FXOpen vs FxPro
- Compare FXOpen vs Blueberry Markets
For more comparisons, visit this page.