FXTMvs
IGForex Broker Comparison
Two regulation-heavy brokers face off over cost, platforms, and market breadth. FXTM emphasizes low deposits and education; IG offers breadth and a premier platform suite.
Our Verdict
IG winsClear Winner
IG leads on editorial score, 4.8 versus FXTM's 4.2. Its broader regulation, platform depth, and instrument breadth reinforce the lead.
IG
4.8/5
FXTM
4.2/5
Key Differences
- 1FXTM offers about 600 instruments versus IG's 19,000.
- 2FXTM lacks a proprietary platform, IG provides one.
- 3FXTM offers raw spreads; IG does not.
Who should choose FXTM vs IG?
Find out which broker best suits your trader profile.
Choose FXTM if…
FXTM: Choose FXTM if you want a low $10 minimum deposit and strong copy trading via FXTM Invest. IG: Choose IG if you want 19,000+ markets and a proprietary platform with advanced charting.
Choose IG if…
FXTM: Choose FXTM if you want a low $10 minimum deposit and strong copy trading via FXTM Invest. IG: Choose IG if you want 19,000+ markets and a proprietary platform with advanced charting.
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 1.50 pips for FXTM, reducing trading costs.
Best for safety & regulation
FXTM 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 | 4.2 / 5 | 5.0 / 5▲ |
FXTM vs IG Forex Broker Pros & Cons
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education, webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
FXTM vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FXTM
criteria wins
2
IG
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXTM | 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 | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FXTM vs IG: Frequently Asked Questions
IG rates 4.8/5 versus 4.2/5 for FXTM. 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 FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
IG has no minimum deposit, while FXTM requires at least $10. This makes IG more accessible for traders with limited starting capital.
Both FXTM 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.
FXTM lists maximum leverage of 1000:1, 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.
FXTM supports MetaTrader 5, MetaTrader 4, while IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 4. FXTM has exclusive access to MetaTrader 5. IG has exclusive access to ProRealTime and Proprietary Web/Mobile and TradingView.
