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Forex.com vs IG Index

Forex.com or IG Index – which is better for UK traders 2025? Compare Forex.com and IG Index in this detailed breakdown of their platforms, features and fees.

Forex.com vs IG Index Comparison Table 2025
Forex.com	IG Index

4.4	4.7
Forex.com is ranked #10 among CFD brokers.	IG Index is ranked #7 among CFD brokers.
Review	Review
Established in 1999, FOREX.com is now integrated into StoneX, a prominent financial services entity catering to more than one million clients globally. The broker is regulated in numerous jurisdictions, including the US, UK, EU, and Australia. It offers a vast array of markets beyond forex, delivering competitive pricing on state-of-the-art trading platforms.	Founded in 1974, IG is a part of IG Group Holdings Plc, a publicly listed brokerage (LSE: IGG). The company provides spread betting, CFD, and forex trading, offering access to over 17,000 markets. Its platforms and investing apps are notably user-friendly. Over the past 50 years, IG has consistently been an industry leader, excelling in all essential areas for traders.
	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Pros
With more than two decades of expertise, strong regulatory governance, and numerous accolades, including a second-place finish in our 'Best Forex Broker' awards, FOREX.com is globally renowned as a reliable trading platform. The in-house Web Trader remains a standout platform, excellently crafted for budding traders. It features a sleek design and offers more than 80 technical indicators for thorough market analysis. In addition to top-tier platforms, FOREX.com provides an excellent range of additional tools such as Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders. FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders. An abundance of educational resources is available, such as tutorials, webinars, and an extensive YouTube channel, designed to enhance your understanding of financial markets.	IG stands out with its extensive range of instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it has recently introduced US-listed futures and options, along with an AI Index. These options enhance opportunities for diversification in trading. The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration. The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award. As a seasoned broker, IG adheres to stringent regulatory standards across various regions, ensuring significant trust. IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders. The ProRealTime advanced charting platform remains free, provided traders meet modest monthly activity requirements.
Cons
Although FOREX.com has expanded its range of instruments, its product offering is confined to forex and CFDs. Consequently, there are no investment options for actual stocks, ETFs, or cryptocurrencies. FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms. Funding choices are restricted when compared to top options such as IC Markets. Many popular e-wallets, including UnionPay and POLi, are noticeably absent. US clients are not protected against negative balances, which means you could end up owing more than your initial deposit. Demo accounts are typically limited to 90 days, hindering effective strategy testing.	Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs. In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses. IG has ended its swap-free account, diminishing its attractiveness to Islamic traders. Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets. IG imposes a monthly inactivity fee of $12 after two years, discouraging occasional traders.
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com	Best Customer Service 2022 - Online Money Awards Best Spread Betting Provider 2022 - Online Money Awards Best Platform for the Active Trader 2022 - ADVFN International Financial Awards Best Multi Platform Provider 2022 - ADVFN International Financial Awards Best Finance App 2022 - ADVFN International Financial Awards
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$100	$0
Payment Methods
ACH Transfer Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Mobile Apps
iOS & Android	iOS & Android
Trading App
Alongside the MT4 and Web Trader platforms, the FOREX.com app provides comprehensive trading features in a user-friendly, compact package. With integrated news, analysis, and real-time alerts, it excels on mobile. It surpasses MT4 in mobile charting, offering over 80 indicators and 11 chart types, alongside a more streamlined design.	IG provides an excellent trading app. As a mobile trading pioneer, it has evolved over the years into a top-tier app. Expect swift responses, an intuitive interface, comprehensive charting, and dependable performance. Additionally, it includes guaranteed stops, a crucial risk management feature absent in many apps we've evaluated.
iOS App Rating
3.6	4.6
Android App Rating
3.8	4
Margin Trading
Yes	Yes
Margin Rate
	2.5%
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
Yes	Yes
eSignal
Yes	No
Trading Central
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	Yes
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
$15	$12
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF PLN	USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD
Commodities
Gold Oil Silver Cotton Livestock Soybeans Coffee Natural Gas Sugar Wheat Orange Juice Lean Hogs Cattle	Gold Copper Oil Palladium Silver Sugar Coffee Wheat Natural Gas Soybeans Orange Juice Nickel Steel Iron Precious Metals Aluminium Lithium Cannabis Lean Hogs Cattle
CFD
With options for both long and short positions on over 5,500 CFDs in forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com stands out. The platform's unique Web Trader delivers an outstanding experience, featuring more than 80 technical indicators and average execution speeds of merely 20 milliseconds, providing an ideal setting for dedicated traders.	IG provides over 17,000 CFDs, giving traders more opportunities than most brokers. Investors can trade long or short on key markets such as equities, forex, commodities, and cryptocurrencies. Additionally, customised price alerts and the IG Academy enrich the trading experience.
Leverage
1:30	1:30 (Retail), 1:222 (Pro)
FTSE Spread
1.0	1.0
GBPUSD Spread<
1.3	0.9
Oil Spread
2.5	2.8
Stocks Spread
0.14	0.02
Forex
FOREX.com maintains its status as a leading foreign exchange broker, providing access to more than 80 currency pairs at highly competitive rates. Standout features include EUR/USD spreads starting at 0.0 and a $5 commission per $100k traded. Additionally, its SMART Signals feature aids traders by pinpointing price trends in major global markets.	IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.
Assets
80+	80+
GBPUSD Spread
1.3	0.9
EURUSD Spread
1.2	0.8
EURGBP Spread
1.4	0.9
Currency Indices
	USD

Forex.com	IG Index
Review	Review
	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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