IG Markets vs Markets.com: Comparison and Analysis

IG Markets vs Markets.com: A Comprehensive Comparison Summary

Security

Both IG Markets and Markets.com boast high security ratings, 98 and 96 respectively, backed by multiple regulations. IG Markets stands out with its wider regulatory coverage, including FCA, ASIC, FMA, FSCA, NFA, MAS, DFSA, JFSA, FINMA, BMA, and its availability to US traders thanks to NFA regulation.

Winner: IG Markets

Demo Accounts

Both brokers provide an unlimited duration for their demo accounts, with IG Markets offering a higher virtual fund of $30,000 compared to Markets.com’s $10,000.

Winner: IG Markets

Account Opening

Markets.com requires a lower minimum deposit of $100 compared to IG Markets’ $300. Both offer numerous payment methods and account types, including Islamic and Professional accounts. However, IG Markets provides a broader selection of account offerings such as Spread Betting, Option and Turbo24, and Share Dealing accounts.

Winner: IG Markets

Social-Copy Trading

Neither IG Markets nor Markets.com offers direct social or copy trading features.

Winner: Tie

Markets

IG Markets holds the edge in terms of market range, offering 90 forex pairs, 35 commodities, 80+ indices, 12 crypto assets, 16,000+ stocks, and 5,400+ ETFs. Markets.com, although providing a competitive range, falls behind with 56 forex pairs, 23 commodities, 32 indices, 26 crypto assets, 1905 stocks, and 77 ETFs.

Winner: IG Markets

Trading Fees

Both brokers operate with variable spreads and competitive forex spreads from 0.6 pips. IG Markets goes a step further, offering commission-free trading on real US stocks for certain traders.

Winner: IG Markets

Platforms

IG Markets offers a proprietary platform, the L2 Dealer, ProRealTime, and MetaTrader 4. In contrast, Markets.com provides a user-friendly proprietary platform and MetaTrader 4 and 5. The inclusion of MetaTrader 5 gives Markets.com an edge in this category.

Winner: Markets.com

Education/Customer Care

Both brokers offer extensive educational resources and excellent customer support accessible via multiple channels. While IG Markets provides an Academy App, Markets.com counters with additional resources like webinars and video tutorials.

Winner: Tie

Conclusion

While both brokers are secure, reliable, and offer a vast array of trading options and educational resources, IG Markets takes the edge with broader market offerings, a higher security rating, and favorable trading conditions. The choice ultimately depends on individual trading needs and preferences.

Winner: IG Markets