Forex.comvs
IGForex Broker Comparison
Two veteran forex brokers face off over regulation, costs, and the breadth of instruments. The outcome hinges on whether more markets or tighter pricing drives value.
Our Verdict
IG winsClear Winner
IG scores higher overall than Forex.com, driven by a broader instrument universe and a stronger regulatory stack.
IG
4.8/5
Forex.com
4.2/5
Key Differences
- 1IG offers 19,000+ markets versus Forex.com's 400.
- 2Forex.com provides raw spreads with $7 commission; IG does not.
- 3IG is LSE-listed with a broader regulator stack.
Who should choose Forex.com vs IG?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
IG offers tighter spreads from 0.60 pips vs 1.00 pips for Forex.com, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
Forex.com vs IG: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 5.0 / 5▲ |
Forex.com vs IG Forex Broker Pros & Cons
Pros
One of the few brokers accepting US retail forex clients
Deep research tools including macro analysis
Raw spread account with competitive $7 round-turn commission
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Forex.com vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Forex.com
criteria win
0
IG
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Forex.com | IG |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Forex.com vs IG: Frequently Asked Questions
IG rates 4.8/5 versus 4.2/5 for Forex.com. IG edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
IG starts from 0.6 pips, tighter than Forex.com's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
IG has no minimum deposit, while Forex.com requires at least $100. This makes IG more accessible for traders with limited starting capital.
Both Forex.com and IG hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker'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 brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Forex.com lists maximum leverage of 50:1, while IG lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Forex.com charges $7 per lot on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing.
Forex.com supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. Forex.com has exclusive access to MetaTrader 5. IG has exclusive access to ProRealTime and TradingView.
