InteractiveBrokers vs IG

Interactive Brokers
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.

Summary

FeatureInteractiveBrokersIG
Website//www.interactivebrokers.co.uk//www.ig.com
Founded year19771974
HeadquarterUSAUK
LicensesUSA, Canada, Australia, UK, Hong Kong, JapanUK, Australia, Switzerland, Singapore, UAE, Japan, US
Minimum Deposit2000 US$300 US$
Trading PlatformsTWS, IB WebTraderIG Proprietary, MT4
Eurusd avg Spread0.3 pips0.6 pips

Licenses

FeatureInteractiveBrokersIG
Licenses Countries Info (short)
  • ASIC
  • IIROC
  • JFSA
  • FCA
  • CFTC
  • ASIC
  • JFSA
  • MAS
  • FINMA
  • FCA
  • CFTC

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.

Broker Types

FeatureInteractiveBrokersIG
Broker types
  • ECN
  • NDD
  • Market Making

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.

Trading Conditions

FeatureInteractiveBrokersIG
Trading Conditions
  • beginners
  • commission
  • fixed spread
  • floating spread
  • tight spread
  • expert advisor
  • beginners
  • low spread
  • expert advisor
  • hedging
  • scalping
  • social trading

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

FeatureInteractiveBrokersIG
Inactivity Feemonth0$18 $
Deposit fee0$0 $
Withdrawal fee0$0 $
Rollover fee eurusd buy 1 lot-1.5%-2.5%
Rollover fee eurusd sell 1 lot+1.5%+2.5%
Avg Eurusd standard acc0.3 pips0.6 pips
Gold1.5 bps30
Brent oil0.05%3
Bitcoin0.12-0.18%65

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.

Account Types

FeatureInteractiveBrokersIG
Account types
  • Standard Account
  • Standard Account

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

FeatureInteractiveBrokersIG
Forex100+200+
Indices✔️78
Commodities✔️45
Cryptocurrencies48
Shares70+10,000+
Bonds✔️
Options✔️
Binary options
Spread betting
Treasuries
Futures✔️
Etfs130002,000+

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.

Trading Platforms

FeatureInteractiveBrokersIG
Platforms
  • own platform
  • WebTrader
  • own platform
  • MetaTrader 4

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

FeatureInteractiveBrokersIG
Payment methods
  • credit card
  • debit card
  • BPay
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill

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.

Others

FeatureInteractiveBrokersIG
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • Webinar
  • telephone
  • live chat
  • 24/7 availability

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.