FXOpenvs
IGCrypto Exchange Comparison
FXOpen and IG clash on regulation, platform power, and asset breadth in a high-stakes crypto CFD comparison. This showdown tests where security and reach trump price mechanics.
Our Verdict
IG winsClear Winner
IG edges FXOpen on the editorial score, reflecting stronger regulatory coverage and platform capabilities. FXOpen remains regulated and competitive on low crypto spreads, but IG holds the overall lead.
IG
4.2/5
FXOpen
3.6/5
Key Differences
- 1FXOpen uses ECN/STP execution, IG uses spread-only pricing
- 2FXOpen lists 8 coins, IG lists 70 coins
- 3IG has broader regulator roster including FCA and BaFin
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
It’s a tie
Both equally suited
IG wins for security due to its broad regulatory footprint across multiple jurisdictions.
Best for low fees
Recommended
FXOpen offers low crypto spreads with ECN/STP execution.
FXOpen vs IG: Side-by-Side Crypto Exchange Comparison
| Criteria |  FXOpen |  IG |
|---|---|---|
| Editorial score | 3.6/ 5 | 4.2/ 5 |
| Min Deposit | $100 | No minimum▼ lower |
| Spreads From | 0 pips▼ lower | 0.6 pips |
| Taker Fee | 3.00% | N/A |
FXOpen vs IG Crypto Exchange Pros & Cons
Pros
- FCA and ASIC regulated, strong dual regulatory coverage
- ECN/STP execution with low crypto spreads
- MT4/MT5 with TickTrader proprietary platform option
Cons
- Smaller brand vs tier-1 competitors
- Limited proprietary research or educational content
FXOpen vs IG: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
Highlighted rows show where the two exchanges differ
| Criteria | FXOpen | IG |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Fail | Fail |
| Phone support | Pass | Pass |
FXOpen vs IG: Frequently Asked Questions
IG rates 4.2/5 versus 3.6/5 for FXOpen. IG edges ahead on our composite score, though both exchanges meet a reasonable standard for most traders.
FXOpen lists a lower spread from 0, compared with IG's 0.6. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
IG has no minimum deposit, while FXOpen requires at least $100. This makes IG more accessible for traders looking to start with a smaller crypto investment.
Both FXOpen and IG hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each exchange's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: IG has no minimum deposit, removing the capital barrier entirely, and both exchanges provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXOpen offers up to 2:1 on perpetual or margin products, versus IG's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
FXOpen charges $3 per trade on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 4. FXOpen has exclusive access to cTrader and MetaTrader 5. IG has exclusive access to ProRealTime and Proprietary Web/Mobile and TradingView.
