Choicetrade
IG
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Choicetrade was founded in 2009 and is headquartered in United States, while IG was established in 1974 and is based in UK. Choicetrade holds licences including Unregulated, while IG is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; IG has 178,500+. The minimum deposit is $250 at Choicetrade and $200 at IG.
| Feature | Choicetrade | IG |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2009 | 1974 |
| Country | United States | UK |
| Clients | 10,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between Choicetrade and IG, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $250 at Choicetrade). Choicetrade charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. Overall, IG scores higher on fees in our assessment.
| Feature | Choicetrade | IG |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Choicetrade offers MT4, MT5, cTrader, while IG supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IG supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Choicetrade | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and IG compare. IG runs regular live webinars; Choicetrade does not. IG has a video library; Choicetrade does not. IG publishes daily market commentary; Choicetrade does not. IG integrates third-party research tools (Trading Central); Choicetrade does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | Choicetrade | IG |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Choicetrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while IG supports 3 (bank transfer, credit/debit card, PayPal). IG uniquely supports PayPal among the two brokers. IG scores higher on deposit and withdrawal flexibility.
| Feature | Choicetrade | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Choicetrade and IG offer live chat support. Both provide phone support. Email support is available at both brokers. Choicetrade supports 2 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | Choicetrade | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, German, Spanish, and Portuguese |