Written by ForexBrokers.com
In this head to head comparison of IG vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG and FXGT.com are two online brokers offering traders access to global markets, but they differ significantly in terms of trust and reliability. IG, founded in 1974, is a well-established broker with a stellar Trust Score of 99 out of 99 from ForexBrokers.com, indicating a high level of trust. It is publicly traded and operates as a bank, enhancing its credibility. Furthermore, IG holds an impressive 8 Tier-1 licenses and 2 Tier-2 licenses, contributing to its reputation as a highly trusted broker.
In contrast, FXGT.com, established in 2019, is a more recent entrant in the online brokerage space. It is not publicly traded and does not function as a bank. With a Trust Score of 69 from ForexBrokers.com, FXGT.com falls into the high-risk category, indicating a need for caution. The company holds only 1 Tier-1 license and 1 Tier-2 license, which reflects its relatively lower level of regulatory backing compared to IG. These distinctions make IG a preferred choice for those prioritizing trust and longstanding financial security in their trading partner.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Year Founded | 1974 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
IG stands out with competitive pricing for active traders through its Forex Direct accounts, offering various execution methods and maintaining scalable execution regardless of trading product. Despite not being a discount broker, its active trader pricing and capacity for handling large orders set it apart. Average spreads on the main Forex Direct account were around 0.62 in July 2023, accompanied by a commission equivalency of 0.2 pips, resulting in an all-in cost of 0.82 pips. For CFD accounts, IG's average spreads were slightly better than the industry average, with typical spreads during main trading hours around 0.69 pips. IG appeals to volume traders with its tiered active trader rebate program, offering rebates up to 20% for large monthly volumes.
While IG garners a high rating of 5 stars for its commissions and fees, FXGT.com earned a rating of 3.5 stars. Unlike IG, which provides detailed average spread data, FXGT.com does not disclose its average spread information, which may impact its allure for informed trading. This lack of transparency about spread data may be a contributing factor to FXGT.com’s lower ranking at #55 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. In contrast, IG is ranked #8, highlighting its advantages in this area compared to FXGT.com.
IG's savvy pricing strategies are suited for many traders, especially those dealing with large volumes, thanks to its attractive rebates and Forex Direct options. Its 5-star rating emphasizes its superiority in this facet over FXGT.com. Meanwhile, FXGT.com, with its more modest rating and higher rank, provides an alternative with possibly less complex pricing structures for those not requiring detailed transparency. However, those seeking clarity and competitive fees might find IG's offering more aligned with their trading needs, thanks to its structured pricing and ranking.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | £250.00 | $5 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing IG and FXGT.com reveals distinct differences in their range of investment options. IG offers an extensive list of 19,537 tradeable symbols and provides access to 97 forex pairs. Conversely, FXGT.com offers 117 tradeable symbols and 53 forex pairs. Significantly, IG allows its clients to trade exchange-traded securities on both U.S. and international exchanges, enabling transactions like buying Apple or Vodafone shares. In contrast, FXGT.com does not offer exchange-traded securities on these exchanges. Both platforms support trading in forex as CFDs or spot contracts and provide cryptocurrency derivatives without offering actual cryptocurrency purchases.
Regarding unique features, FXGT.com supports copy trading, which IG does not offer. The overall range of investments at IG is rated with 5 stars, while FXGT.com receives 3 stars. According to ForexBrokers.com, IG ranks fourth out of 62 brokers for the variety of investments, showcasing its wide array of offerings. Meanwhile, FXGT.com stands at 60th place, reflecting its more limited selection. This comparison highlights IG's broad and diverse investment opportunities, making it a versatile platform for traders looking for expansive market access.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 117 |
| Forex Pairs (Total) | 97 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing IG and FXGT.com, both brokers provide traders with the opportunity to practice trading through free virtual demo accounts. However, their trading platforms and tools show notable differences. IG offers a proprietary platform developed in-house, giving traders a unique software experience, while FXGT.com does not have its own proprietary platform. Both brokers support the widely-used MetaTrader 4 (MT4) platform, but only FXGT.com provides the newer MetaTrader 5 (MT5) option, appealing to those seeking more advanced features. Copy trading is available at FXGT.com, whereas IG does not offer this service.
IG excels with its highly rated five-star trading platforms and tools, achieving a rank of #2 among 62 brokers according to ForexBrokers.com. FXGT.com, while offering a web-based and Windows desktop platform similar to IG, holds four stars and ranks at #56 in the same category. Both brokers enable trading directly from stock charts and offer standard web-based access, but FXGT.com has the edge with a slightly larger collection of drawing tools for charting. Despite these differences, both brokers offer an equal number of watch list columns, aiding traders in monitoring their assets effectively.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both IG and FXGT.com offer apps for iPhone and Android, making them accessible to a wide range of users. Both platforms also provide essential features such as stock and forex price alerts, drawing tools like trendlines, and multiple time frame views on charts. They allow for watchlist symbol syncing so any changes made either on the app or online are seamlessly updated. Furthermore, you can create watchlists with real-time quotes on both apps, adding to the convenience for traders on the go.
However, there are some notable differences between the two. IG offers 33 technical studies for charting, slightly more than FXGT.com's 30. Both provide the ability to auto-save chart drawings, ensuring that your technical analyses are preserved between sessions. When it comes to user ratings, IG shines with a perfect 5-star rating for its mobile trading app, ranking #1 out of 62 brokers according to ForexBrokers.com. In contrast, FXGT.com holds a 3.5-star rating and is ranked #58. These distinctions may sway users looking for a feature-rich and highly rated mobile trading experience.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, IG stands out as a top choice among online brokers. It provides daily market commentary and forex news from reputable sources like Bloomberg and Reuters. IG customers can also benefit from technical analysis tools like Autochartist, access market sentiments, and enjoy insights from TipRanks and Acuity Trading. Additionally, IG offers a comprehensive economic calendar to keep traders informed about global events, anchoring its reputation with a commendable 5-star Research rating and a rank of #2 out of 62 brokers, based on ForexBrokers.com.
In contrast, FXGT.com offers a more limited range of research tools. While it does provide a sentiment-based trading tool and an economic calendar, it falls short in offering daily market commentary or news from major sources. FXGT.com lacks resources like Autochartist, Trading Central, TipRanks, and Acuity Trading. This comparatively restricted offering gives FXGT.com a 3-star Research rating and places it at #56 in the ForexBrokers.com rankings. For traders seeking comprehensive analysis and insights, IG emerges as the more advantageous option.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those new to trading, IG stands out as an exceptional resource. It offers an extensive range of educational materials tailored specifically for beginners and more experienced traders. With over 10 educational pieces on forex and CFDs, IG provides a robust library of content including articles, videos, and archived webinars. Beginners can benefit from at least 10 dedicated fundamental trading videos, while seasoned traders can explore 10 advanced topics, making it a one-stop-shop for comprehensive learning. Additionally, IG hosts client webinars monthly and offers an easily searchable archive of these sessions. Their investor dictionary, featuring over 50 investing terms, further aids in demystifying the trading world. With such an extensive educational suite, IG has been awarded 5 stars for education and ranks as the top choice among 62 brokers.
In comparison, FXGT.com falls short in the area of educational resources for beginners. While it does provide an investor dictionary with over 50 definitions, this is where its educational offerings largely end. FXGT.com does not offer the same breadth of content as IG, lacking articles, videos, or client webinars. Consequently, their educational rating sits at 3 stars, placing them 59th among 62 brokers. For individuals seeking comprehensive educational resources to begin their trading journey, IG remains a far superior choice.
| Feature |
IG
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IG is better than FXGT.com. IG finished with an overall rank of #1, while FXGT.com finished with an overall rank of #58.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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Both IG and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
IG and FXGT.com both facilitate account transactions with ACH or SEPA transfers, Visa or Mastercard, and bank wire transfers; however, while IG additionally supports PayPal, neither broker offers Skrill as a payment option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IG | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | FXGT.com | |
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| Regulation | IG | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1974 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IG | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 117 | |
| Forex Pairs (Total) | 97 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IG | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 5 | |
| Charting - Indicators / Studies (Total) | 33 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IG Review |
| Overall | IG | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
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