Forex.com
Founded in 2001 , Forex.com is a leading online forex and CFD broker that provides access to a wide range of trading instruments. It is a well established and regulated forex broker that offers MT4, MT5, and Tradingview platforms for US residents and and traders fom other countries. , Forex.com is known for its competitive pricing, advanced trading technology, and comprehensive research and analysis tools. It offers over 80 currency pairs, stocks, ETFs, gold, and silver for your personal investment and trading options.Gain capital operates this trading platform.
Forex.com Overview
- Founded In: 2001
- Founder: Gain Capital
- Headquarters: United States
- Minimum Deposit: $50
- Maximum Leverage: 50:1
- Regulations: CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
- Trading platform:MT5, TradingView
- Account Types: 2, (Standard, Raw Spread)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
- US Traders: Accepted
IG
Founded in 1974 as IG Index by Bristish Financier Stuart Wheeler, IG is a well known forex and CFD broker.It offers offer over 100 forex currency pairs, cfxfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
IG Markets Overview
- Founded In: 1974
- Minimum Deposit: $250
- Maximum Leverage: 200:1
- Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA
- Trading platform:MT4, Tradingview, WebTrader, MobileTrader (MobileApp), ProRealTime
- Account Types: Standard account, DMA Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
- US Traders: Accepted
Forex.com vs IG: Pros and Cons
Forex.com Pros & Cons
- Regulated by NFA, FCA, ASIC, CySEC, IIROC, FSA, CIMA, MAS,
- Top-rated forex and CFD broker in the USA
- Free demo account for prospective traders
- Crypto Trading available on MT5 Trading Platforms
- Offers protection for U.K./E.U. client accounts
- VPS hosting for automated strategies
- Offers MAM account for passive investors
- Low forex fees, no FX commissions
- You can not deposit less than $100
- Maximum leverage is 1:50
- No account protection for U.S. clients
- An inactivity fee applied after 12 months of no account activity
- Non-user-friendly desktop platform
- Cannot buy and sell other securities (like stocks and bonds)
IG.com Pros & Cons
- Regulated by multiple top tire regulators like NFA, FCA, ASIC, FSA, AMF, FMA, MAS, DFSA
- Allows scalping, EA/ Robot Trading, News Trading
- Offers web trading, mobile trading and ECN Trading
- IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
- 16,000 trading instruments, investments in IPOs and exchange-traded funds;
- Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
- Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
- Offers passive investment programme ( MAM, PAMM accounts)
- Relatively high Minimum deposit ( Min Deposit $250)
- Conservative leverage in some areas ( The max leverage is 1:200)
- IG charges $/£12/€14 per month after 24 months of inactivity
- Limited product range on MT4
- High Stock CFD fees
Forex.com vs IG.com: Side-by-Side Comparison
Forex.com Vs IG.com: Our Scores and Ratings
We rated both brokers, Forex.com and IG.com, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
