Forex.com
IG
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while IG was established in 1974 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Forex.com serves 150,000+ clients worldwide; IG has 178,500+. The minimum deposit is Typical at Forex.com and $200 at IG.
| Feature | Forex.com | IG |
|---|---|---|
| Min. Deposit | Typical | $200 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2001 | 1974 |
| Country | United States | UK |
| Clients | 150,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between Forex.com and IG, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs Typical at Forex.com). Forex.com charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; IG does not. Forex.com charges deposit fees; IG does not. Overall, IG scores higher on fees in our assessment.
| Feature | Forex.com | IG |
|---|---|---|
| Min. Deposit | Typical | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forex.com offers MT4, MT5, cTrader, while IG supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Forex.com | 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, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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 Forex.com and IG compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Forex.com | IG |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while IG supports 3 (bank transfer, credit/debit card, PayPal). Both brokers support the same set of payment methods.
| Feature | Forex.com | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Forex.com and IG offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, French, German, Spanish, and Portuguese |