Comparison of Exness and IG
| Feature | Exness | IG |
|---|---|---|
| Broker | ||
| Year Founded | 2008 | 1974 |
| Broker Type | MM, STP, ECN | MM, DMA |
| Dealing | A-book, B-book | B-book, A-book |
| Execution | Market | Market |
| Regulation | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:2000 | 1:200 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD, EUR, RUB, GBP, AUD, CHF, JPY, ZAR, NZD, SGD, CAD, HKD, CNY, UAH, MYR, IDR, THB, VND, KWD, AED, HUF, MXN, NGN, JOD, ARS, AZN, BDT, BHD, BND, EGP, BRL, GHS, INR, KES, KRW, KZT, MAD, OMR, PHP, PKR, QAR, SAR, UGX, UZS, XOF, ILS | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money | Bank Wire, Credit Card, Debit Card, PayPal |
| Inactivity Fee | ✖ | $18 per month after 24 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Exness Review | IG Review |
About Exness
Exness is a well-established forex and CFD broker that has been serving traders globally since 2008. Renowned for its transparency and client-centric approach, Exness offers a diverse range of trading instruments, including currency pairs, commodities, cryptocurrencies, and indices. The broker is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), providing traders with a secure and trustworthy trading environment. One of the key strengths of Exness is its competitive trading conditions. Traders benefit from tight spreads, low commissions, and fast execution speeds, which are crucial for successful trading. Exness provides access to the popular MetaTrader 4 and MetaTrader 5 platforms, catering to both novice and experienced traders with advanced tools and features. The broker also offers responsive customer support available in multiple languages, ensuring assistance is readily available when needed. However, it's important to note that Exness does not accept clients from certain countries due to regulatory restrictions. While the broker offers a solid range of trading instruments, some traders may find the selection less extensive compared to other brokers. Additionally, educational resources and market analysis tools are somewhat limited, which might not fully meet the needs of traders seeking comprehensive educational support.
Pros
- Provides a secure trading environment
- Tight spreads and fast execution
- Suits different trading styles and experience levels
- Access to MT4 and MT5 with advanced features
- Assistance available in multiple languages
- Includes forex, commodities, cryptocurrencies, and indices
Cons
- Does not accept clients from certain countries
- Fewer educational materials compared to some competitors
- Less extensive selection than some other brokers
- No proprietary or alternative platforms offered
About IG
IG is one of the most established and reputable brokers in the forex and CFD trading industry, having been founded in 1974. Regulated by top-tier financial authorities, including the FCA (UK) and ASIC (Australia), IG offers a wide range of trading instruments, including forex, indices, commodities, and shares. The broker is well-suited for both beginner and professional traders, providing access to an advanced trading platform, competitive spreads, and a comprehensive suite of educational resources. IG's long-standing presence in the market and robust regulatory compliance make it a trusted choice for traders worldwide. In addition to its proprietary platform, IG supports MetaTrader 4 (MT4), which is ideal for traders who prefer algorithmic strategies or a familiar interface. The broker also excels in market research and analysis, providing clients with detailed insights, trading signals, and technical tools. However, while IG offers extensive features, its services might not be ideal for smaller retail traders due to higher minimum deposit requirements in some regions. Furthermore, the absence of certain features like cent accounts or high leverage options may deter specific trading styles.
Pros
- Highly regulated by top-tier financial authorities (FCA, ASIC, etc.)
- Wide range of tradable assets, including over 99 forex pairs
- Advanced proprietary platform and support for MetaTrader 4 (MT4)
- Comprehensive market research and educational resources
- Long-standing reputation with nearly five decades of experience
- Competitive spreads and reliable trade execution
Cons
- Limited high-leverage options compared to some competitors
- No support for cent accounts, which may not suit small-scale traders
- Inactivity fees for dormant accounts
- Customer support may not be available 24/7 for all regions
Exness & IG Regulation
| Feature | Exness | IG |
|---|---|---|
Companies | Exness (UK) Ltd, Nymstar Limited, Vlerizo (Pty) Ltd, Tortelo Limited, Venico Capital Limited, Exness (Cy) Ltd, Exness B.V., Tadenex Limited | IG Markets Ltd, IG International Limited, IG Europe GmbH, IG Bank SA, IG US LLC, IG Australia Pty Ltd., IG Securities Limited, IG Asia Pte Ltd, IG Markets South Africa Limited, IG Limited |
Countries | United Kingdom, Seychelles, South Africa, Mauritius, British Virgin Islands, Cyprus, Curacao, Kenya | United Kingdom, Bermuda, Germany, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
Regulators | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Exness | IG |
|---|---|---|
Market Maker Account | ||
| Account Name | Pro | CFD |
| Min Deposit | $200 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 0.6 |
| Fee | No | No |
| Max Leverage | 1:2000 | 1:200 |
| Stop Out | 0% | 50% |
| Margin Call | 30% | 100% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.3 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 60% | — |
ECN Account | ||
| Account Name | Raw Spread | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 30% | — |
Zero Account | ||
| Account Name | Zero | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 30% | — |
Cent Account | ||
| Account Name | Standard Cent | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.3 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 60% | — |
DMA Account | ||
| Account Name | — | DMA |
| Min Deposit | — | $1000 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.16 |
| Fee | — | $12 per 1 lot |
| Max Leverage | — | 1:200 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Exness | IG |
|---|---|---|
Base currencies | USD, EUR, RUB, GBP, AUD, CHF, JPY, ZAR, NZD, SGD, CAD, HKD, CNY, UAH, MYR, IDR, THB, VND, KWD, AED, HUF, MXN, NGN, JOD, ARS, AZN, BDT, BHD, BND, EGP, BRL, GHS, INR, KES, KRW, KZT, MAD, OMR, PHP, PKR, QAR, SAR, UGX, UZS, XOF, ILS | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money | Bank Wire, Credit Card, Debit Card, PayPal |
Inactivity fee | $18 per month after 24 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Exness | IG |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
Execution Speed | 10 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Assets
| Asset | Exness | IG |
|---|---|---|
Currencies | 95 | 99 |
Indices | 10 | 46 |
Stocks | 98 | 13000 |
Cryptocurrencies | 11 | 15 |
Bonds | 0 | 19 |
Metals | 15 | 11 |
Energies | 3 | 9 |
Soft Commodities | 0 | 20 |
ETFs | 0 | 5400 |
Education and Analytics
| Feature | Exness | IG |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Exness | IG |
|---|---|---|
Email | support@exness.com | newaccounts.uk@ig.com |
Phone | +35725030959 | +442076335430 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing Exness and IG, Exness comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.