IG Index vs Infinox
IG Index or INFINOX – which is better for UK traders 2024? Compare IG Index and INFINOX in this detailed breakdown of their platforms, features and fees.
IG Index | INFINOX |
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IG Index is ranked #19 among CFD brokers. | INFINOX is ranked #76 among CFD brokers. |
Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. | Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders. |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Forex, CFDs, Indices, Shares, Commodities, Futures |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | £1 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | FCA, SCB, FSCA |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2.5% | |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
Yes | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
No | Yes |
ECN Account | |
No | Yes |
DMA Account | |
Yes | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
Yes | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
With IX Social (Infinox social trading), you can automatically replicate the trades of the best investors. On the negative side, the usability and choice of master traders lags behind competitors like eToro. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | MQL4 & MQL5 |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$12 | $0 |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
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CFD | |
IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. | Trade CFDs on forex, stocks, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders. |
Leverage | |
1:30 (Retail), 1:222 (Pro) | 1:30 (UK), 1:200 (Global) |
FTSE Spread | |
1.0 | 0.9 |
GBPUSD Spread< | |
0.9 | 0.4 |
Oil Spread | |
2.8 | 0.06 |
Stocks Spread | |
0.02 | 0.02 USD |
Forex | |
IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. | Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies. |
Assets | |
80+ | 45+ |
GBPUSD Spread | |
0.9 | 0.4 |
EURUSD Spread | |
0.8 | 0.3 |
EURGBP Spread | |
0.9 | 0.3 |
Currency Indices | |
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IG Index | INFINOX |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | |
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