IG Markets vs FXCC Comparison - indiaforexbrokerinfo

IG Markets provides traders with its cutting-edge proprietary trading platform alongside an eighteen plug-in upgrade to MT4 plus Autochartist, ProRealTime, and L2 Dealer. The educational content is better at IG Markets, complemented by high-quality market research. IG Markets caters exceptionally well to all strategies, especially algorithmic trading solutions, but FXCC has an edge for scalpers and high-frequency traders. Traders at FXCC only get the out-of-the-box MT4 trading platform, but there is no minimum deposit requirement. The MAM module for account managers is available, and FXCC offers quality trading signals and high leverage of 1:500, while beginners have a basic introduction to trading.

SR
Headquarters	United Kingdom	Cyprus
Regulators	ASIC, BaFin, CySEC, DFSA, FCA, FINMA, FMA, FSCA, JFSA, MAS	CySEC, VFSC
Owned by Public Company?	Yes	No
Year Established	1974	2010
Execution Type(s)	Market Maker	ECN/STP, No Dealing Desk
Minimum Deposit	€0	$50
Negative Balance Protection	Yes	No
Trading Platform(s)	Other, MetaTrader 4, Proprietary platform, Trading View+	MetaTrader 4
Average Trading Cost EUR/USD	0.9 pips	N/A
Average Trading Cost GBP/USD	1.4 pip	N/A
Average Trading Cost WTI Crude Oil	$0.03	N/A
Average Trading Cost Gold	$0.30	N/A
Retail Loss Rate	70.00%	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.6 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Islamic Account	No	Yes
Signals	Yes	Yes
US Persons Accepted?	No	No
Managed Accounts	Yes	Yes
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Features and Platforms

MT4	Yes	Yes
MT5	No	No
MT4/MT5 Add-Ons	Yes	No
cTrader	No	No
Proprietary Platform	Yes	No
Automated Trading	Yes	Yes
Social/Copy Trading	Yes	No
DOM?	Yes	No
Guaranteed Stop Loss	Yes	No
Scalping	Yes	Yes
Hedging	Yes	Yes
One-Click Trading	Yes	No
OCO Orders	No	No
Interest on Margin	No	Yes
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Noteworthy: IG Markets is the largest CFD broker in the industry and writes contracts based on demand. FXCC features free VPS hosting for qualifying traders and maintains a 100% first deposit bonus

Available Markets

Currency Pairs	Yes	No
Cryptocurrencies	Yes	No
Commodities	Yes	Yes
Crude Oil	Yes	Yes
Gold	Yes	Yes
Metals	Yes	Yes
Equity Indices	Yes	Yes
Stocks (non-CFDs)	Yes	No
Bonds	Yes	No
ETFs	Yes	No
Options	Yes	No
Futures	Yes	No
Synthetics	Yes	No
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FXCC provides Forex traders broad-based exposure to currency pairs but only supports rudimentary cross-asset diversification. IG Markets counters with an industry-leading choice of trading instruments, besting FXCC with sector exposure and quantity. It also offers in-house managed thematic portfolios. However, FXCC retains an overall edge with higher leverage, creating an advantage for select strategies.

Typical Spreads and Fees

Average Trading Cost EUR/USD	0.9 pips	No
Average Trading Cost GBP/USD	1.4 pip	No
Average Trading Cost WTI Crude Oil	$0.03	No
Average Trading Cost Gold	$0.30	No
Average Trading Cost Bitcoin	$90	No
Minimum Raw Spreads	Not applicable	No
Minimum Standard Spreads	0.6 pips	No
Minimum Commission for Forex	Commission-free	No
Deposit Fee	No	No
Withdrawal Fee	No	No
Inactivity Fee	Yes	No
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IG Markets shows minimum mark-ups of 0.6 pips or $6.00 with average Forex costs above $9.00. Fees at both brokers are highly competitive, but active traders at FXCC can achieve a lower total cost structure. FXCC lists minimum spreads of 0.0 pips, commission-free, with average costs at 0.5 pips or $5.00 per lot.

Security and Trust

Country of the Regulator	United Arab Emirates, Australia, Bermuda, The Bahamas, Switzerland, Cyprus, Germany, Japan, New Zealand, Singapore, United Kingdom, United States, South Africa	N/A
Name of the Regulator	ASIC, BaFin, CySEC, DFSA, FCA, FINMA, FMA, FSCA, JFSA, MAS	CySEC, VFSC
Regulatory License Number	195355, 378/19, 10148759, confirmed, but no regulaary license number, F001780, 41393, 1489, unconfirmed, 220440, 18923, 0509630, 54814	N/A
Regulatory Tier	1, 1, 1, 1, 2, 2, 1, 1, 1, 1, 4	N/A

Both segregate client deposits from corporate funds and offer negative balance protection. Most international FXCC traders deal with its Vanuatu subsidiary, unregulated but duly registered, number 14576, while IG Markets is a publicly listed company and FTSE250 constituent.

IG Markets vs FXCC – Verdict

IG Markets

Pros	Cons
Excellent choice of trading platforms and superior asset selection	Limited deposit and withdrawal methods
Competitive trading costs with a volume-based cash rebate program	Higher minimum deposit requirement, but within a reasonable demand
Outstanding trading environment for algorithmic trading, including API support
Comprehensive educational tools for beginner traders

FXCC

Pros	Cons
Commission-free raw spreads from 0 pips with average cost of 0.5 pips	Equity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

FXCC is a smaller broker than IG Markets, but it caters to its core trader base with a competitive offering. IG Markets ranks among the industry leaders and is a prime liquidity provider, but FXCC manages to keep trading costs lower, making it a better overall choice.