Comparison of FXCM and IG
| Feature | FXCM | IG |
|---|---|---|
| Broker | ||
| Year Founded | 1999 | 1974 |
| Broker Type | STP, DMA | MM, DMA |
| Dealing | A-book | B-book, A-book |
| Execution | Market | Market |
| Regulation | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
| Platforms | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
| Spread | ⮕ Average | ⮕ Average |
| Maximum Leverage | 1:1000 | 1:200 |
| Minimum Deposit | $50 | $1 |
| Base Currencies | USD, EUR, GBP | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal | Bank Wire, Credit Card, Debit Card, PayPal |
| Inactivity Fee | $50 per year after 12 months | $18 per month after 24 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FXCM Review | IG Review |
About FXCM
FXCM (Forex Capital Markets) is a well-established forex broker that has been serving traders since 1999. Known for its commitment to innovation, FXCM provides a range of advanced trading platforms, including its proprietary Trading Station and third-party options like MetaTrader 4 (MT4) and NinjaTrader. The broker offers access to various trading instruments, including forex, indices, commodities, and cryptocurrencies, making it a versatile choice for traders of all experience levels. FXCM operates under the regulation of trusted authorities, such as the FCA, ASIC, and FSCA, ensuring a safe and transparent trading environment.
Pros
- Regulated by reputable authorities (FCA, ASIC, FSCA)
- Access to multiple trading platforms, including Trading Station, MT4, and TradingView
- No-dealing-desk execution for transparency and direct market access
- Comprehensive educational resources and market analysis tools
- Competitive spreads and flexible leverage options
- Wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- Strong focus on platform innovation and advanced tools
Cons
- Higher trading fees on some instruments compared to competitors
- Limited account types for specialized trading needs
- No support for MetaTrader 5 (MT5)
- Customer support may vary depending on the region
About IG
IG is one of the most established and reputable brokers in the forex and CFD trading industry, having been founded in 1974. Regulated by top-tier financial authorities, including the FCA (UK) and ASIC (Australia), IG offers a wide range of trading instruments, including forex, indices, commodities, and shares. The broker is well-suited for both beginner and professional traders, providing access to an advanced trading platform, competitive spreads, and a comprehensive suite of educational resources. IG's long-standing presence in the market and robust regulatory compliance make it a trusted choice for traders worldwide. In addition to its proprietary platform, IG supports MetaTrader 4 (MT4), which is ideal for traders who prefer algorithmic strategies or a familiar interface. The broker also excels in market research and analysis, providing clients with detailed insights, trading signals, and technical tools. However, while IG offers extensive features, its services might not be ideal for smaller retail traders due to higher minimum deposit requirements in some regions. Furthermore, the absence of certain features like cent accounts or high leverage options may deter specific trading styles.
Pros
- Highly regulated by top-tier financial authorities (FCA, ASIC, etc.)
- Wide range of tradable assets, including over 99 forex pairs
- Advanced proprietary platform and support for MetaTrader 4 (MT4)
- Comprehensive market research and educational resources
- Long-standing reputation with nearly five decades of experience
- Competitive spreads and reliable trade execution
Cons
- Limited high-leverage options compared to some competitors
- No support for cent accounts, which may not suit small-scale traders
- Inactivity fees for dormant accounts
- Customer support may not be available 24/7 for all regions
FXCM & IG Regulation
| Feature | FXCM | IG |
|---|---|---|
Companies | Stratos Markets Limited, Stratos Trading Pty. Limited, Stratos Europe Ltd (ex FXCM EU LTD), Stratos South Africa (Pty) Ltd, Friedberg Mercantile Group Ltd., Stratos Light Limited, Stratos Global LLC | IG Markets Ltd, IG International Limited, IG Europe GmbH, IG Bank SA, IG US LLC, IG Australia Pty Ltd., IG Securities Limited, IG Asia Pte Ltd, IG Markets South Africa Limited, IG Limited |
Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | United Kingdom, Bermuda, Germany, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
Regulators | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FXCM | IG |
|---|---|---|
Market Maker Account | ||
| Account Name | — | CFD |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:200 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $50 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.2 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 100% | — |
| Margin Call | 100% | — |
DMA Account | ||
| Account Name | — | DMA |
| Min Deposit | — | $1000 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.16 |
| Fee | — | $12 per 1 lot |
| Max Leverage | — | 1:200 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FXCM | IG |
|---|---|---|
Base currencies | USD, EUR, GBP | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal | Bank Wire, Credit Card, Debit Card, PayPal |
Inactivity fee | $50 per year after 12 months | $18 per month after 24 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FXCM | IG |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
Execution Speed | 28 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | average |
Trading Assets
| Asset | FXCM | IG |
|---|---|---|
Currencies | 41 | 99 |
Indices | 15 | 46 |
Stocks | 3512 | 13000 |
Cryptocurrencies | 23 | 15 |
Bonds | 0 | 19 |
Metals | 3 | 11 |
Energies | 7 | 9 |
Soft Commodities | 4 | 20 |
ETFs | 280 | 5400 |
Education and Analytics
| Feature | FXCM | IG |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FXCM | IG |
|---|---|---|
Email | info@fxcmmarkets.com | newaccounts.uk@ig.com |
Phone | +16462531401 | +442076335430 |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Twitter |
Which Broker is Better?
After comparing FXCM and IG, IG comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.