Sage FX vs IG Index
Sage FX or IG Index – which is better for UK traders 2025? Compare Sage FX and IG Index in this detailed breakdown of their platforms, features and fees.
| Sage FX | IG Index |
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| Sage FX is ranked #39 among CFD brokers. | IG Index is ranked #7 among CFD brokers. |
| SageFX operates as an offshore CFD broker without regulatory oversight. It offers leveraged trading across forex, stocks, commodities, indices, and cryptocurrencies through the TradeLocker platform. Traders can choose between commission-free trading or an ECN account with competitive spreads. Although its regulatory status is not robust, SageFX ensures client funds' safety with segregated accounts and offers two-factor authentication for security. | 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 | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Forex, indices, cryptos | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| Pending | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
| Mobile Apps | |
| iOS and Android | iOS & Android |
| Trading App | |
| 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 | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 2.5% | |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | Yes |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | 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 | |
| No | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $12 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Engage in trading CFDs across forex, shares, metals, energy commodities, indices, cryptocurrencies, and dollar futures. Sage FX provides competitive spreads and significant leverage ranging from 1:100 to 1:500 on all products. | 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 | |
| 1:500 | 1:30 (Retail), 1:222 (Pro) |
| FTSE Spread | |
| 5.0 | 1.0 |
| GBPUSD Spread< | |
| 0.9 | 0.9 |
| Oil Spread | |
| 0.04 | 2.8 |
| Stocks Spread | |
| N/A | 0.02 |
| Forex | |
| Engage in trading 7 major, 21 minor, and 29 exotic forex pairs with significant leverage. Select between STP or ECN account options. Enjoy 24/7 support and access to TradeLocker forex software. | 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 | |
| 57 | 80+ |
| GBPUSD Spread | |
| 0.9 | 0.9 |
| EURUSD Spread | |
| 0.9 | 0.8 |
| EURGBP Spread | |
| 2.5 | 0.9 |
| Currency Indices | |
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| Cryptocurrency | |
| Trade CFDs with leverage up to 1:100 on 23 cryptocurrency pairs with USD. This includes major tokens such as Bitcoin and Ether, along with lesser-known options like OMG. However, note that pairs involving only cryptocurrencies are not available. | IG offers a limited range of 11 crypto CFDs, lagging behind leading brokers such as Vantage, which provides access to over 40 tokens. Nonetheless, IG distinguishes itself with its crypto index, tracking the top 10 digital currencies by market capitalisation. This index offers traders a comprehensive method to speculate on the overall value of the crypto market. |
| Spread | |
| Floating | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Sage FX | IG Index |
| 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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