IG
UFX
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Overview
IG was founded in 1974 and is headquartered in UK, while UFX was established in 2007 and is based in Republic of Vanuatu. IG holds licences including Financial Conduct Authority (FCA), while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. IG serves 178,500+ clients worldwide; UFX has 10,000+. The minimum deposit is $200 at IG and $500 at UFX.
| Feature | IG | UFX |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1974 | 2007 |
| Country | UK | Republic of Vanuatu |
| Clients | 178,500+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IG and UFX, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $500 at UFX). UFX charges withdrawal fees while IG does not, giving IG an edge for frequent withdrawers. Overall, IG scores higher on fees in our assessment.
| Feature | IG | UFX |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
IG offers MT4, MT5, cTrader, while UFX supports 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. IG edges ahead on platform breadth and functionality in our scoring.
| Feature | IG | UFX |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IG and UFX compare. IG runs regular live webinars; UFX does not. Both provide video tutorials. IG publishes daily market commentary; UFX 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 | IG | UFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IG accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while UFX supports 2 (bank transfer, credit/debit card). IG uniquely supports PayPal among the two brokers. IG scores higher on deposit and withdrawal flexibility.
| Feature | IG | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 IG and UFX offer live chat support. Both provide phone support. Email support is available at both brokers. IG supports 5 languages and UFX supports 2, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | IG | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, German, Spanish, and Portuguese | English, and Chinese |