ForexMart
IG
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while IG was established in 1974 and is based in UK. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while IG is regulated by Financial Conduct Authority (FCA) among others. ForexMart serves 10,000+ clients worldwide; IG has 178,500+. The minimum deposit is $1 at ForexMart and $200 at IG.
| Feature | ForexMart | IG |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2015 | 1974 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between ForexMart and IG, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $200 at IG). ForexMart charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. ForexMart charges deposit fees; IG does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | ForexMart | IG |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
ForexMart 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 | ForexMart | 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, WEB, desktop | 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 ForexMart 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. ForexMart scores higher overall in education and research.
| Feature | ForexMart | IG |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexMart accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while IG supports 3 (bank transfer, credit/debit card, PayPal). ForexMart uniquely supports Skrill and Neteller among the two brokers. IG uniquely supports PayPal among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexMart and IG offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and IG supports 5, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, French, German, Spanish, and Portuguese |