InteractiveBrokers vs IG
Compare InteractiveBrokers vs IG Side by Side
It is always difficult to choose among brokers that are big players on the market, especially when it’s InteractiveBrokers vs IG. For this reason, we made a detailed comparison between Interactive Brokers Review and IG Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Licenses||USA, Canada, Australia, UK, Hong Kong, Japan||UK, Australia, Switzerland, Singapore, UAE, Japan, US|
|Minimum Deposit||2000 US$||300 US$|
|Trading Platforms||TWS, IB WebTrader||IG Proprietary, MT4|
|Eurusd avg Spread||0.3 pips||0.6 pips|
|Licenses Countries Info (short)|
Both InteractiveBrokers vs IG brokers are regulated in US, UK, Australia and Japan, which makes their offers equally strong, adding some other top-tier licenses, such as Canadian one for Interactive Brokers or Switzerland license for IG broker.
IG is a Market Maker which is a great opportunity for beginning traders and some strategies due to its stability of a preset fee or spread. While Interactive Brokers is an NDD Broker is better for price transparency.
There are certain similarities in trading conditions of Interactive Brokers vs IG, as they are both suitable for beginners, offer their traders the services of the Expert advisors. At the same time IG provides a wider range of possibilities, including scalping, hedging and social trading, which is quite an advantage.
Fees & Commissions
|Inactivity Feemonth||0$||18 $|
|Deposit fee||0$||0 $|
|Withdrawal fee||0$||0 $|
|Rollover fee eurusd buy 1 lot||-1.5%||-2.5%|
|Rollover fee eurusd sell 1 lot||+1.5%||+2.5%|
|Avg Eurusd standard acc||0.3 pips||0.6 pips|
Both InteractiveBrokers vs IG offer relatively low trading fees, but there are brokers’ pricing models to consider. Interactive Brokers trading fees are based on charge of the commission per trade, hence the prices are quite competitive since does not include spreads and allows you easy calculation. At the same time, IG margins are among the lowest in the industry and a very comfortable to use even for the beginning traders, since there are no additional fees.
While both Interactive Brokers vs IG offer Standard accounts, Interactive Brokers have a slight advantage here for offering more than 10 account types based on traders needs and peculiarities, such as Family Accounts, Small Business Accounts, Proprietary Trading Group Accounts, etc.
Markets & Instruments
Trading instruments range offered by Interactive Brokers is more advanced as it also includes Options, Bonds and Futures. However, IG outnumbers InteractiveBrokers in offering more Currency pairs and Cryptocurrencies and Shares.
Both InteractiveBrokers vs IG Brokers offer proprietary Trading Platforms, and both offer additional platforms. The only difference here and probably the advantage for IG is that MetaTrder4 is present in its offer that gives and opportunity to execute the orders with its advanced chartings and tools.
Deposit & Withdrawal Methods
Compared to InteractiveBrokers with its various options, including bank wire transfers, BPay, ACH Initiated, Canadian Bill, etc, IG payment methods look a bit limited, offering debit/credit cards, bank transfer and some of the popular e-wallets like PayPal, Skrill and Neteller.
Both Interactive Brokers vs IG provide excellent customer support. As to the educational materials, both brokers stand out with strong professional interactive education, trading courses, webinars and numerous comprehensive materials, and their trading academies: IG broker for its IG Academy and Interactive Brokers for its Traders Academy.
Conclusion on InteractiveBrokers vs IG
Concluding Interactive Brokers vs IG comparison we found both brokers being large internationally presented companies with years of experience and very reliable, well-organized and regulated. They both provide good trading conditions, a large number of trading instruments and low trading fees. However, we would give the advantage to IG, as its offer would suit not only professional traders but also beginners, with its low initial deposit fee and social trading option. Here is our final recommendation:
- Interactive Brokers – 🥇 Best for Professional trading giving the advanced proposal and technological solutions for experienced and demanding traders.
- IG – 🥇Lowest Spread Forex Broker being comfortable for beginning traders.