Videforex vs IG Index

Videforex or IG Index – which is better for UK traders 2024? Compare Videforex and IG Index in this detailed breakdown of their platforms, features and fees.

Videforex vs IG Index Comparison Table 2024
Videforex IG Index
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3.4
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4.4
Videforex is ranked #6 among binary options brokers. IG Index is ranked #19 among CFD brokers.
Review
Review
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills. 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.
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pros
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • The firm facilitates both trading and binary options which is great for those looking to diversify their portfolios
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for trading
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
Awards
  • 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
No

List of FCA Regulated Brokers

Yes
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$250 $0
Payment Methods
Minimum Trade
$0.01 0.01 Lots
Regulator
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Mobile Apps
Android iOS & Android
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

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.
iOS App Rating
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4.1
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4.6
Android App Rating
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4.4
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4
Margin Trading
Yes Yes
Margin Rate
2.5%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No 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
Yes Yes
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
Yes No
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
Yes Yes
Inactivity Fee
$10 $12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Oil
  • Copper
  • Gold
  • Copper
  • Oil
  • Palladium
  • Silver
  • Sugar
  • Coffee
  • Wheat
  • Natural Gas
  • Soybeans
  • Orange Juice
  • Nickel
  • Steel
  • Iron
  • Precious Metals
  • Aluminium
  • Lithium
  • Cannabis
CFD
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades. 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.
Leverage
1:500 1:30 (Retail), 1:222 (Pro)
FTSE Spread
Floating from 0.2 1.0
GBPUSD Spread<
Floating from 0.1 0.9
Oil Spread
Floating from 0.05 2.8
Stocks Spread
NA 0.02
Forex
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout. 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.
Assets
35 80+
GBPUSD Spread
Floating from 0.1 pips 0.9
EURUSD Spread
Floating from 0.1 pips 0.8
EURGBP Spread
Floating from 0.1 pips 0.9
Currency Indices
  • USD
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available. IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market.
Spread
Floating Variable
Coins
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus. Digital 100s binary options trading is available to Pro clients only. Users can speculate on the chances of a particular event happening with a fixed payout and loss. Binaries are available on forex, indices, commodities and other announcements.
Payout
98%
Expiration Times
5 seconds - 1 month
Boundary Options
No No
Ladder Options
No Yes
Videforex IG Index
Review
Review
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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