Are you looking for a reliable and reputable forex broker? Both IG Markets and Forex.com are highly reputable and well-established leaders in the industry. but which trading platform is better? There is a comprehensive comparison guide for you to assist you make an informed decision.

Company Background
Forex.com is owned by Gain Capital, a publicly-traded company in the U.S.
The broker is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the US. it offers multiple trading marktet include Forex,Stocks,Gold and Sliver,Futures and Options. They have earned a positive reputation and operate under regulation. Additionally, they offer 80 FX pairs with a low spread of 0.0 for EUR/USD and low commissions.
IG Markets is a European-based foreign exchange broker that has been in business for 45 years and has won multiple prestigious awards. It offers spread betting, CFD, and forex trading across a wide range of markets, providing customers in 17 countries with the best trading environment at an affordable rate. The broker is also regulated by top-tier financial authorities, including the FCA and the Australian Securities and Investments Commission (ASIC). As a regulated broker in several countries, it attracts a large number of investors who seek to increase their chances of success in Forex and CFDs.
Trading Instruments and Markets
Forex.com offers a wide range of trading instruments, including Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto. The broker provides access to over 80 currency pairs and offers competitive spreads starting from 0.2 pips.
IG Markets offers a similar range of trading instruments, including CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting. The broker provides access to over 90 currency pairs and offers competitive spreads starting from 0.6 pips.
Trading Platforms
Forex.com offers its clients two trading platforms: MetaTrader 4 (MT4) and its proprietary platform, Forex.com Trading platform include Web,Mobile,Desktop,TradingView. MT4 is a popular platform among traders and offers advanced charting tools and automated trading capabilities. Forex.com Web Trading is a user-friendly platform that can be accessed from any web browser.
In addition to competitive trading tools,API Trading,NinjaTrader. API Trading enables you to automate your trading by connecting your algo strategies with our deep liquidity.API provides Automated trading strategies,Charting and analysis,Easily compatible solution and Integrated account management for traders. NinjaTrader is a Third-party software delivers integrated multi-device trading using technology designed for active futures traders ,it provides Automated trading,Market analyzer and Advanced trade management for traders.
IG Markets also offers its clients two trading platforms: MT4 and its proprietary platform, IG Trading. IG Trading is a feature-rich platform that offers advanced charting tools, news feeds, and trading signals. The platform can be accessed from any device, including desktops, tablets, and smartphones.
In addition to competitive trading tools,ProRealTime, L2 Dealer, terminals and APIs. ProRealTime offers advanced charting tools, technical indicators, and the ability to backtest trading strategies. L2 Dealer provides direct market access (DMA) to financial instruments with advanced order types, making it very suitable for professionals engaged in high-frequency trading. For those who prefer terminals installed on a computer, the broker offers advanced trading functionality that can be customized to suit a trader's style. Finally, the broker also offers an API that allows developers to build custom trading applications that can connect to the broker's trading platform, providing access to real-time market data and the ability to execute trades programmatically.

Account Types and Minimum Deposits
Forex.com offers three account types: Standard Account, RAW Price Account,MT4 Account. The Standard account requires a minimum deposit of $50 and offers competitive Variable spreads as low as 1.0. and the comission is None. The RAW Price Account requires spreads in EUR/USD as low as 0.0 USD - plus a low $7 USD commission per $100k USD traded.MT4 Account provides Variable spreads as low as 1.0 with None commssion.Forex.com's Minimum initial deposit is $50.
IG Markets offers two account types: CFDs Account and Spread betting account. The CFDs Account requires a minimum deposit of $0 and offers spreads starting from 0.6 pips. In Spread betting account,there are minimum bets of £1 required for FTSE 100 and forex. IG Markets' Minimum initial deposit is $250.
Spreads, Commissions, and Fees
Forex.com offers competitive spreads starting from 0.2 pips for its Standard account . IG Markets offers spreads starting from 0.6 pips for its CFDs account in forex. The average mark-up is approximately the same and closer to 1.0 pips, making both brokers neither highly competitive nor overly expensive.in addition,both of them all charges no fees for deposits or withdrawals but charges an inactivity fee of $15 per month after 12 months of inactivity(forex.com) and $18 per month after 24 months of inactivity(IG Markets).
| IG | FOREX.com | Industry Average |
PIP rate USD/EURO | 0.6 PIP | 0.10 PIP | 0.7 PIP
|
PIP rate USD/GBP | 0.9 PIP | 0.10 PIP | 1.1 PIP |
PIP rate USD/JPY | 0.7 PIP | 0.9 PIP | 1.1 PIP |
Pros and Cons Comparison
Forex.com Pros
1.Regulated by top-tier financial authorities
2.Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
3.No fees for deposits or withdrawals
4.VPS hosting for automated strategies
5.Low forex fees
6.High-level investor protection and security measures
Forex.com Cons
1.Higher Inactivity fee than IG Markets
2.Cannot buy and sell other securities
IG Markets Pros
1.More Markets and products ,there are over 17,000 assets are available spanning stocks, forex, commodities, baskets, futures, options
2.High-quality educational and research tools
3.Share dealing and ISAs are available for longer term investing
4.No fees for deposits or withdrawals
IG Markets Cons
1.No copy trading platform
2.Customer service options are lacking
Conclusion
Both Forex.com and IG Markets are reputable forex brokers that offer competitive services and features. Forex.com may be a better choice for traders who prefer lower minimum deposit requirements and lower inactivity fees, while IG Markets may be a better choice for traders who prefer access to a wider range of currency pairs. Ultimately, the decision comes down to your individual trading needs and preferences
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