IG VS FXTM

Compare IG VS FXTM and see what are their differences

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IG

IG is an easy-to-use website that provides you a platform to invest and trade in an online market instrument like FX, Crypto-currencies, Shares, Commodities, Bonds and Rates, and ETFs.

FXTM

FXTM Trader – Forex Trading app enables users to find a broker so they can do online trading using an extensive collection of more than 250 different financial instruments.

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2023-08-17

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2023-08-18

IG

Website: ig.com

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FXTM

Website: forextime.com

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IG features and specs

Wide Range of Products
IG offers a comprehensive suite of trading products including forex, indices, shares, commodities, cryptocurrencies, and more, providing traders with diverse opportunities.
Regulatory Compliance
As a UK-based company, IG is regulated by the Financial Conduct Authority (FCA) and other global financial regulatory bodies, ensuring a high level of security and trust for its clients.
Advanced Trading Platforms
IG provides powerful trading platforms like the IG Trading platform and MetaTrader 4, which come with advanced charting tools, technical indicators, and various order types for both beginner and advanced traders.
Educational Resources
Offers an extensive range of educational materials including webinars, seminars, and articles to help traders enhance their knowledge and improve their trading skills.
User-Friendly Interface
The platform's interface is clean, intuitive, and easy to navigate, making it accessible for users at various levels of trading experience.

Possible disadvantages of IG

High Fees for Certain Products
IG's fees can be relatively high for some products, such as share trading, which may deter cost-conscious traders.
Not Available in All Countries
IG's services are not available in certain countries, which limits accessibility for some international traders.
Limited Cryptocurrency Offering
Compared to some other platforms, IG offers a limited selection of cryptocurrencies, which might not satisfy traders interested in a wider range of digital assets.
Inactivity Fees
IG charges an inactivity fee on accounts that have not been active for a certain period, which could be a disadvantage for infrequent traders.
Complexities in Understanding Spread Betting and CFDs
For beginners, understanding the intricacies of IG's spread betting and CFD products can be complex, which might lead to confusion or misinformed trading decisions.

FXTM features and specs

Regulation
FXTM is regulated by multiple financial authorities like the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK, providing a level of security and trustworthiness for traders.
Variety of Trading Accounts
FXTM offers a diverse range of account types to cater to different trading needs, including Standard, ECN, and micro accounts.
Educational Resources
FXTM provides a wealth of educational materials, including webinars, tutorials, and market analysis, making it suitable for both beginners and advanced traders.
Customer Support
FXTM offers multilingual customer support available 24/5, which is beneficial for traders around the globe who may need assistance.
Fast Execution
The broker is known for its fast trade execution speeds, which can be a critical factor for profit maximization, especially for day traders and scalpers.
Advanced Trading Platforms
FXTM supports multiple trading platforms such as MetaTrader 4 and MetaTrader 5, offering advanced charting tools and a user-friendly interface.

Possible disadvantages of FXTM

Inactivity Fees
FXTM charges inactivity fees, which can be a disadvantage for traders who do not trade frequently.
Complex Fee Structure
The fee structure can be somewhat complex and may vary depending on the account type and trading instrument, making it challenging for traders to fully understand the costs involved.
Limited Cryptocurrency Offerings
While FXTM offers a variety of trading instruments, its cryptocurrency offerings are relatively limited compared to other brokers.
Geographic Restrictions
FXTM does not provide services to residents in certain countries, which may restrict access for some potential clients.
High Spreads on Standard Accounts
The spreads on standard accounts can be relatively high, which might not be favorable for cost-conscious traders.

Analysis of FXTM

Overall verdict

FXTM (ForexTime) is generally considered a reputable broker with a range of services appealing to a variety of traders. However, as with any financial service, experiences may vary and it's essential to do your own research.

Why this product is good

FXTM is regulated by several reputable authorities, such as the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), which adds to its credibility. It offers a wide array of trading instruments, including forex, commodities, indices, and cryptocurrencies. Users also appreciate its user-friendly platforms, competitive spreads, and the variety of educational resources that are helpful particularly for beginners.

Recommended for

FXTM is recommended for both beginner and advanced traders due to its comprehensive educational resources and variety of account types that cater to different trading styles and strategies. It is also suitable for traders who prioritize regulated brokers and are looking for a platform that offers a wide range of assets.

IG videos

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IG Broker 3 Minute Review

FXTM videos

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Category Popularity

0-100% (relative to IG and FXTM)

IG

FXTM

Finance

31 31%

Finance

69% 69

Investing

29 29%

Investing

71% 71

Trading

32 32%

Trading

68% 68

Business & Commerce

48 48%

Business & Commerce

52% 52

User comments

Share your experience with using IG and FXTM. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare IG and FXTM

IG Reviews

Pepperstone vs IG UK Broker Comparison

IG isn’t exactly shy with fees, but they do offer value for money. Forex spreads start at 0.6 pips, which isn’t bad but not quite as tight as Pepperstone’s Razor account. If you’re trading share CFDs, you’ll pay £10 per side, so equities fans may want to factor that in. IG also charges a £12/month inactivity fee after two years, so don’t ghost your account for too long.

Source: tradingbrokers.co.uk

IG vs City Index UK Broker Comparison

While it may seem like a clean sweep for IG, it’s worth keeping in mind that City Index is one of the best brokers in the UK. It towers above most ordinary brokers in terms of platforms, spread betting offerings, range of instruments (over 13000!) and general usability. IG is no challenger, they are the best broker in the UK for a reason and even against stiff competition...

Source: tradingbrokers.co.uk

IG vs Pepperstone: Broker Comparison

IG: Offers over 17,000 instruments, including forex, indices, shares, ETFs, commodities, and cryptocurrencies. The sheer range of markets is unmatched, making IG a versatile choice for multi-asset traders.

Source: spreadbet.ai

Best Forex Brokers: Top 5 Most Authentic FX Brokers Of 2022

IG US charges zero initial commission on trades. Their spread costs and low fees make it easier for traders to start trading on IG US.

Source: theislandnow.com

Best Forex Trading Platforms: Most Famous Forex Brokers & Traders of 2021

The IG group was established in 1974 and, since then, has enabled all clients to trade the global currency markets via spot forex trading with leverage and low trading fees. This reputable broker gives you access to opportunities in raising and falling global markets. As a leading forex broker, IG offers an intuitive trading platform and a suitable mobile app that gives you...

Source: washingtoncitypaper.com

FXTM Reviews

5 MetaTrader alternatives for Apple devices (Jan 2023)

FXTM is not lagging behind with its FXTM Trader. The app allows full control over your trading accounts, including the ability to deposit, withdraw and monitor your funds, to monitor your preferred instruments and access live currency rates, and quickly open and close positions.

Source: smnweekly.com

Best Forex Brokers: Top 5 Most Authentic FX Brokers Of 2022

FXTM stands for ForexTime, and they entered the industry back in 2011 as a global CFD and Forex broker. FXTM is based out of Cyprus and is subsequently regulated by the Cyprus Securities and Exchange Commission or the CySEC.

Source: theislandnow.com

What are some alternatives?

When comparing IG and FXTM, you can also consider the following products

XTB - Leading European FX & CFDs brokerage Group

Binomo - Binomo: Easy stock trading app provides users with virtual funds through which they can practice share and stock trading on their mobile phones.

Vantagemarkets - Vantage is a regulated CFD broker, providing traders with access to the global Forex market through top tier FX liquidity providers.

Pepperstone - Pepperstone is a website that offers an uncompromising level of service for all the clients who are trading with global FX and CFD brokers.

FP Markets - FP Markets is one of the trusted global forex brokers that provides you an opportunity to trade on Forex, Indices, Commodities, and Shares.

KOT4X - KOT4X is an online platform for Forex trading, Crypto, and CFD Broker that offers a wide range of tradable assets, including Forex, Cryptocurrencies, Gold, and Oil.

Vantagemarkets vs FXTM