This contrast guide aids individuals who battle to pick between IC Markets and IG Trading to find the most effective online broker for their trading and investment demands. It analyzes the main features of both brokers side by side to help users contrast their service and make an informed decision.
To aid users choose the right broker between IC Markets and IG Trading to find the best-suited platform, listed below is a listing of broker’s advantages and disadvantages, adhered to by a contrast of their primary trading features, including trading systems & tools, charges, mobile trading, deposit & withdrawal, properties, regulation, and customer assistance.
IC Markets vs. IG Trading: Summary
![IC Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IC-Markets.png)
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
![IG Trading logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IG-Trading.png)
IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.
IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.
IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.
IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Pros
- Regulated by 8 tier-one regulators
- Low average spreads from 0.82 pips EUR/USD
- Wide range of trading platforms and third party plugins
- Extensive research and education resources
- Wide range of platforms
Cons
- Slightly higher fees on CFDs
- Limited banking options
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Key features
- Access to 20,000 tradable symbols
- Compatible with MT4, L2 Dealer and ProRealTime
- Unlimited demo paper trading account
- Advanced research and analysis tools (L2 Dealer and ProRealTime)
- Availability of EA’s and other automated trading software
- Free trading signals and alerts
IC Markets vs. IG Trading Comparison
Select up to 3 Brokers
![IC Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IC-Markets.png)
IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
![IG Trading logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IG-Trading.png)
IG Trading
BROKER COMPARISON
![IC Markets logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IC-Markets.png)
![IG Trading logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IG-Trading.png)
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 1:500 | 500:1 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | No | 0 |
Deposit Fee | No | 0 |
Inactivity Fee | 0 | |
Cost Per Trade | $3.5 per lot | 0 |
Cost Per Month | 0 | $18 |
Forex (EUR/USD) | 1.2 pips | 0.6 pips |
Stocks & ETF | 0 | 0.3 pips |
CFD (Gold) | 0 | 0.3 pips |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0.01% | |
Misc. Fees | ||
Overnight Fees | 0 |
Deposit & Withdrawal
Minimum deposit (in UAE) | $200 | $5500 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 1000 |
ETF & Funds | 40 | 1000 |
Crypto | 0 | 0 |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 0 |
Futures | 0 | 0 |
Bonds | 0 | 0 |
Forex Instruments | 75 | 80 |
CFD Indices & Funds | 25 | 80 |
CFD Stocks | 2100+ | 12000 |
CFD Commodities | 28 | 6 |
CFD Crypto | 13 | 10 |
CFD Bonds | 9 | 12 |
Binary Options | 0 | 100 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
IC Markets vs. IG Trading Comparison Conclusion
The outcomes of our comparison of IC Markets vs. IG Trading are involved the table listed below.
Broker: | Best For: |
IC Markets | Forex and CFDs; Algorithmic Trading |
IG Trading | Great overall multi-asset broker |
Picking the ideal option between IC Markets and IG Trading can be tough. Both on the internet brokers have resemblances yet vary pertaining to trading tools, platforms & applications, policy, down payment & withdrawals, and research study and education. Selecting the best broker depends on individuals’ trading & investment objectives, individual choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.