Ellevest
IG
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while IG was established in 1974 and is based in UK. Ellevest holds licences including Unregulated, while IG is regulated by Financial Conduct Authority (FCA) among others. Ellevest serves 10,000+ clients worldwide; IG has 178,500+. The minimum deposit is $1 at Ellevest and $200 at IG.
| Feature | Ellevest | IG |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 1974 |
| Country | USA | UK |
| Clients | 10,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between Ellevest and IG, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $200 at IG). Ellevest charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. Ellevest applies inactivity fees on dormant accounts; IG does not. Ellevest charges deposit fees; IG does not. The two brokers are broadly comparable on fee structure.
| Feature | Ellevest | IG |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ellevest 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 Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | Ellevest | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | 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 Ellevest and IG compare. IG runs regular live webinars; Ellevest does not. Both provide video tutorials. IG publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | Ellevest | IG |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest 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 | Ellevest | 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 Ellevest and IG offer live chat support. Both provide phone support. Email support is available at both brokers. Ellevest supports 2 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | Ellevest | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, German, Spanish, and Portuguese |