FXCM vs IG Markets: Comparison and Analysis

Security and Rating

Both FXCM and IG Markets are highly regulated, with FXCM being regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC, while IG Markets is regulated by ASIC, FMA, FSCA, NFA, MAS, DFSA, JFSA, FINMA, and BMA. IG Markets has a security rating of 98, which is higher than FXCM’s rating of 94.

Demo Account

Both FXCM and IG Markets offer demo accounts with virtual funds. FXCM offers an unlimited demo account with $50,000 virtual funds, while IG Markets offers a demo account with unlimited virtual funds and $30,000 virtual funds. The virtual funds of the IG Markets demo account can be restored by contacting customer support.

Minimum Deposit

FXCM requires a minimum deposit of $50 for non-EU clients and $300 for UK and EU clients, while IG Markets requires a minimum deposit of $300 for most countries, with some exceptions.

Social Trading and Copy Trading

FXCM allows traders to engage in copy and social trading through third-party platforms such as ZuluTrade and Tradingview, while IG Markets does not offer social or copy trading features.

CFD and Forex Trading

FXCM offers a range of CFD trading options, including forex, commodities, indices, crypto, and stocks. IG Markets offers a wider range of CFD trading options, including forex, commodities, indices, crypto, stocks, ETFs, futures, and options. This makes IG Markets a better option for both short and long-term investing.

Stock Market

FXCM offers 15 stocks, while IG Markets offers over 16,000 stocks. IG Markets charges from $0 commission on real US stocks for FCA, ASIC, DFSA, JFSA traders.

Cryptocurrency Trading

FXCM offers 7 crypto assets for trading, while IG Markets offers 12 crypto assets for trading.

Platforms

FXCM offers the Trading Station proprietary platform, which is available via desktop, web, and mobile, as well as the MetaTrader 4 platform, which is available via web, desktop, and mobile. IG Markets offers a proprietary platform available via web and desktop, the L2 Dealer designed for stockbroking, the ProRealTime platform for advanced chart analysis, and the MetaTrader 4 platform, which is available via web, desktop, and mobile.

Education

Both FXCM and IG Markets offer a range of educational resources for traders. FXCM provides FAQs, trading guides, and a research section, while IG Markets offers an extensive section suitable for every trader and a dedicated Academy App. Customer care is easy to contact via phone, email, and live chat for both brokers, with IG Markets offering support in over 13 languages.

In conclusion, both FXCM and IG Markets offer a range of features and benefits for traders. FXCM is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto, and stocks, as well as for short-term trading. IG Markets is a good choice for traders who want to invest in a wide range of trading assets, including forex, commodities, crypto, stocks, indices, ETFs, futures, and options, as well as for both short and long-term investing. IG Markets offers very low spreads and commission, making it a good broker for scalping. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.