FXCC versus IG Markets

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.

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.

We have conducted an in-depth review of FXCC and IG Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FXCC versus IG Markets - Verdict

Headquarters	United Kingdom	Cyprus
Regulators	FCA	CySEC, VFSC
Tier 1 Regulator(s)?		N/A
Owned by Public Company?		N/A
Year Established	1974	2010
Execution Type(s)	Market Maker	ECN/STP, No Dealing Desk
Minimum Deposit	300€	$50
Negative Balance Protection		N/A
Trading Platform(s)	MetaTrader 4, Proprietary platform	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	Undisclosed	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.8 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?		N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading		N/A
OCO Orders
Interest on Margin
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Noteworthy:

FXCC features free VPS hosting for qualifying traders and maintains a 100% first deposit bonus. IG Markets is the largest CFD broker in the industry and writes contracts based on demand.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)		N/A
Bonds		N/A
ETFs
Options		N/A
Futures		N/A
Synthetics		N/A
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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	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
Average Trading Cost Bitcoin	$90	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.8 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$12 per month after 24 months	N/A
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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. IG Markets shows minimum mark-ups of 0.6 pips or $6.00 with average Forex costs above $9.00.

Security and Trust

Country of the Regulator	Australia, Bermuda, Switzerland, Cyprus, Germany, Japan, New Zealand, Singapore, United States	N/A
Name of the Regulator	FCA	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
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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.

FXCC vs IG Markets – Verdict

FXCC

IG Markets

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.

You might also be interested in reviewing the below broker comparisons:

• FXCC vs IC Markets
• FXCC vs FXTM
• FXCC vs Forex.com
• IG Markets vs ActivTrades
• IG Markets vs SAXO Markets
• IG Markets vs FP Markets

FAQs

Is FXCC a regulated broker?

FXCC has CySEC regulation but caters to most of its clients through its unregulated but duly registered Vanuatu subsidiary.

Is IG trading any good?

IG ranks among the industry leaders with a highly competitive product and services portfolio.

Is IG the same as Interactive Brokers?

IG and Interactive Brokers are not the same but compete on an equal level, ranking at the top of the brokerage industry.

Is IG good for beginners?

IG offers a high-quality educational platform, but beginners might feel overwhelmed by the depth of products and services.

What is IG's leverage?

IG’s maximum leverage globally is 1:200 but depends on the asset and operating subsidiary.IG’s maximum leverage globally is 1:200 but depends on the asset and operating subsidiary.

Is FXCC an ECN broker?

FXCC is an ECN broker, but it deploys a competitive commission-free cost structure, unlike most ECN brokers.

How do I withdraw money from FXCC?

The secure FXCC back-office handles all financial transactions.