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FXCM
VS
IG

FXCM vs IG: which broker is better in 2026?

We compare FXCM and IG — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IG edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaFXCMIG
Overall score 3.5 4.1
Regulation & safety 3.0 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score68/10085/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsTrading Station (web/desktop/mobile), MetaTrader 4, TradingView (integrated), APIProprietary web platform, Mobile app, MetaTrader 4 (in some markets)
Fee modelSpread model or spread + commission (Active Trader) — varies; exact figures not yet verifiedSpread & commission model varies per product — details not yet verified

Pros & cons

FXCM
  • An established broker since 1999 with the mature Trading Station & MT4 platforms
  • Now backed by a large financial group (Jefferies/StoneX)
  • International entities regulated by FCA/ASIC/FSCA
  • Permanently banned from the US market (2017) + a US$7 million fine for hiding a conflict of interest — a serious regulatory record
  • Trust was dented by that case; verify the entity serving your region
  • Leveraged products are high-risk
IG
  • Very strong regulation — supervised by the FCA & a FTSE 100 public company (high financial transparency from public-company duties)
  • One of the oldest & largest providers (since 1974) with 19,000+ markets
  • Mature platforms: proprietary web + mobile app + MT4 in some markets
  • Leveraged products (CFDs/spread betting) remain high-risk regardless of strong regulation
  • Spreads/fees aren't always the cheapest compared to low-cost ECN brokers
  • Product availability & regulatory entity differ per country — verify which serves your region

Regulation at a glance

FXCM

International entities regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), and others. IMPORTANT: FXCM has been permanently banned from the US market since 2017 (see the risk note).

IG

Regulated by the Financial Conduct Authority (FCA) in the UK. Listed on the London Stock Exchange, a FTSE 100 constituent — high financial transparency due to public-company obligations.