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AvaTrade vs IG
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Updated:
Compare AvaTrade Vs IG Side by Side
Not sure which broker to choose AvaTrade vs IG suitable for your trading needs? We made a detailed comparison between AvaTrade Review and IG Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | AvaTrade | IG |
|---|---|---|
| Website | //www.avatrade.com | //www.ig.com |
| Founded year | 2006 | 1974 |
| Headquarter | Ireland | UK |
| Licenses | Ireland, Australia, Japan, South Africa, UAE, British Virgin Islands, Japan, Cyprus, Israel | UK, Australia, Switzerland, Singapore, UAE, Japan, US |
| Minimum Deposit | US$ 100 | 300 US$ |
| Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | IG Proprietary, MT4 |
| Eurusd avg Spread | 0.87 pips | 0.6 pips |
Licenses
| Feature | AvaTrade | IG |
|---|---|---|
| Licenses Countries Info (short) |
|
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AvaTrade holds licenses from respected regulatory bodies around the world, including those in Australia, Japan, and the European Union, demonstrating its commitment to global coverage. Meanwhile, IG proudly maintains comprehensive regulatory compliance in the United Kingdom, Switzerland, Australia, and the United Arab Emirates, and extends its services to clients in the United States as well.
Broker Types
| Feature | AvaTrade | IG |
|---|---|---|
| Broker types |
|
|
Both brokers operate as Market Makers acting as counterparties to their clients’ trades. This execution type offers several advantages, such as faster order execution, access to a wide range of financial instruments, and flexibility in setting spreads.
Trading Conditions
| Feature | AvaTrade | IG |
|---|---|---|
| Trading Conditions |
|
|
AvaTrade provides excellent trading conditions that accommodate various trading strategies, offering a diverse selection of instruments with competitive spreads and costs, mirroring the favorable conditions offered by IG. These conditions are tailored to meet the unique requirements of novice traders. The one distinct advantage worth noting for AvaTrade is its provision of high leverage opportunities.
Fees & Commissions
| Fees & Commissions | AvaTrade | IG |
|---|---|---|
| Inactivity Feemonth | 0 $ | 18 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.0058% | -2.5% |
| Rollover fee eurusd sell 1 lot | 0.0058% | +2.5% |
| Avg Eurusd standard acc | 0.87 pips | 0.6 pips |
| Gold | 40 | 30 |
| Brent oil | 3 pips | 3 |
| Bitcoin | 0.75% | 65 |
Both brokers provide attractive fee structures for trading, featuring relatively modest spreads and no fees for deposits and withdrawals. However, it’s worth noting that IG imposes inactivity fees. Therefore, traders who aim to steer clear of non-trading charges may find AvaTrade to be a more appealing option. Additionally, the spreads for various types of instruments also remain competitively low.
Account Types
| Feature | AvaTrade | IG |
|---|---|---|
| Account types |
|
|
AvaTrade presents traders with a single Standard account option, allowing them to specify corporate and Swap-Free Islamic accounts as needed. In contrast, IG offers a Standard account and several others categorized by trading style, such as CFDs or Spread betting. It’s worth noting that IG does not provide Islamic Accounts to its traders.
Markets & Instruments
| Markets & Instruments | AvaTrade | IG |
|---|---|---|
| Forex | 55 | 200+ |
| Indices | 23 | 78 |
| Commodities | 29 | 45 |
| Cryptocurrencies | 14 | 8 |
| Shares | 614 | 10,000+ |
| Bonds | 2 | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 59 | 2,000+ |
The market offerings for brokers encompass the same market range, although AvaTrade distinguishes itself by including CFDs on Bonds in its selection. However, when it comes to the sheer number of trading instruments, IG unquestionably leads the way.
Trading Platforms
| Feature | AvaTrade | IG |
|---|---|---|
| Platforms |
|
|
AvaTrade provides a more diverse range of trading platforms compared to IG. AvaTrade offers a full suite of MetaTrader platforms along with additional options like WebTrader and their proprietary platforms. These platforms cater to both manual and automated trading across various financial instruments. In contrast, IG offers its user-friendly proprietary platform alongside the alternative choice of MT4.
Deposit & Withdrawal Methods
| Feature | AvaTrade | IG |
|---|---|---|
| Payment methods |
|
|
Both brokers ensure swift money transfers and do not impose any extra fees for deposits or withdrawals, hence both offer a range of payment methods, including credit/debit card transfers, bank transfers, and e-wallet options. However, IG’s e-wallet selection is slightly more extensive.
Others
| Feature | AvaTrade | IG |
|---|---|---|
| Others |
|
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Both AvaTrade and IG maintain a high standard of customer support, meeting traders’ needs through live chats, phone support, email assistance, and more. Additionally, both brokers provide a wide array of educational resources, including eBooks, articles, and video tutorials. It’s noteworthy that IG goes the extra mile by offering the IG Academy, featuring free courses and webinars, which adds exceptional value to its educational offerings.
Conclusion on IG vs AvaTrade
In summary, after comparing AvaTrade and IG, we find both brokers to be highly reputable and reliable, offering international-level trading conditions characterized by low spreads and a broad market range. However, IG stands out for its extensive array of instruments and superior educational resources suitable for traders of all levels. IG also extends its services to traders in the United States.
On the other hand, AvaTrade excels in platform diversity and cost-effectiveness, making it an attractive choice in those aspects. Additionally, AvaTrade caters to traders adhering to Sharia Laws by providing Islamic accounts, which is a feature not offered by IG. Here is our final recommendation:
- AvaTrade –
Best Spread Betting Broker for offering high-tech access to an expanded range of instruments and multiple platforms. - IG — Best Broker for Autotrading for an optimized trading experience and Good Instrument selection
