Finmax
IG
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while IG was established in 1974 and is based in UK. Finmax holds licences including Financial Services Authority (FSA), while IG is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; IG has 178,500+. The minimum deposit is $0 at Finmax and $200 at IG.
| Feature | Finmax | IG |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Regulation | Financial Services Authority (FSA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 1974 |
| Country | Bulgaria | UK |
| Clients | 10,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between Finmax and IG, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $200 at IG). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; IG does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | IG |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax 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 Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,MT5 | 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 Finmax and IG compare. IG runs regular live webinars; Finmax does not. IG has a video library; Finmax does not. IG publishes daily market commentary; Finmax does not. IG integrates third-party research tools (Trading Central); Finmax does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | Finmax | 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. Finmax 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 | Finmax | 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 Finmax and IG offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, German, Spanish, and Portuguese |