EagleFX
IG
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while IG was established in 1974 and is based in UK. EagleFX holds licences including Unregulated, while IG is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; IG has 178,500+. The minimum deposit is $10 at EagleFX and $200 at IG.
| Feature | EagleFX | IG |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2019 | 1974 |
| Country | Dominica | UK |
| Clients | 5,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between EagleFX and IG, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $200 at IG). EagleFX charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; IG does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | IG |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while IG supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. IG edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | 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 EagleFX and IG compare. IG runs regular live webinars; EagleFX does not. IG has a video library; EagleFX does not. IG publishes daily market commentary; EagleFX does not. IG integrates third-party research tools (Trading Central); EagleFX does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | EagleFX | 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. EagleFX 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 | EagleFX | 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 EagleFX and IG offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, German, Spanish, and Portuguese |