IG Index vs Markets.com
IG Index or Markets.com – which is better for UK traders 2024? Compare IG Index and Markets.com in this detailed breakdown of their platforms, features and fees.
IG Index | Markets.com |
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IG Index is ranked #19 among CFD brokers. | Markets.com is ranked #29 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. | Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money. |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Note: trading Cryptocurrency CFDs and Spread Bets is restricted in the UK for all retail clients. |
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 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $100 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | FCA, CySEC, ASIC, FSCA, FSC |
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. |
Markets.com operate MarketsX – the bespoke platform, both on WebTrader and mobile applications. The app, available on android and iOS has been downloaded over a million times. |
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 | No |
ECN Account | |
No | No |
DMA Account | |
Yes | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
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 | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | Trading Insights |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | Yes |
Inactivity Fee | |
$12 | $10 |
Islamic Account | |
No | Yes |
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. | Markets.com offers a strong variety of CFD products, not only covering popular asset classes but also more interesting markets such as IPOs and Bonds. The low fees and educational resources will appeal to beginners, whilst seasoned CFD traders will appreciate the feature-rich charting platforms. |
Leverage | |
1:30 (Retail), 1:222 (Pro) | 1:30 |
FTSE Spread | |
1.0 | 2 pips |
GBPUSD Spread< | |
0.9 | 1.3 pips (var) |
Oil Spread | |
2.8 | 0.05 |
Stocks Spread | |
0.02 | 4 pips |
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. | Markets.com offers 43 major, minor and exotic currency pairs. The range is around the industry average, though spreads are fairly competitive, starting from 0.6 pips for EUR/USD. There’s also an excellent range of tools and education, including forex calculators and trading videos. |
Assets | |
80+ | 67 |
GBPUSD Spread | |
0.9 | 1.3 pips (var) |
EURUSD Spread | |
0.8 | 0.70 pips (var) |
EURGBP Spread | |
0.9 | 1.0 pip (var) |
Currency Indices | |
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IG Index | Markets.com |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Note: trading Cryptocurrency CFDs and Spread Bets is restricted in the UK for all retail clients. |
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IG Index vs |
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