Broker comparison · updated 2026-07-09
IG vs iFOREX
IG and iFOREX both publish current legal and pricing pages, but they differ sharply on platform choice, regulatory setup, and funding detail.
Our verdict
IG has the edge overall.
IG is the stronger pick for traders who want broader platform choice, clearer public disclosures, and a more established multi-jurisdiction group structure. Its official pages show FCA-regulated UK operations, client-money segregation language, MT4 availability in supported regions, and no deposit fee for bank transfers on the UK help pages. iFOREX is more limited on platform selection because it uses a proprietary web/mobile system, but it does publish a clear BVI FSC license reference, a CySEC-licensed European subsidiary, and a stated $100 minimum deposit. The main caveat for both firms is that terms vary by legal entity and country, so the exact onboarding company matters before funding.
IGIG vs iFOREX at a glance
| IG |
 iFOREX |
|
|---|---|---|
| Our comparison score | 67.5 / 100 | 63.5 / 100 |
| Founded | 1974 | 1996 |
| Main platform | Web, mobile, MT4 | Proprietary web/mobile |
| EUR/USD spread | 0.6–1.1 pts | Not published |
| Minimum deposit | No bank-transfer minimum | $100 |
| Inactivity fee | Varies by entity | $15/quarter after 12 mo |
| Key regulators | FCA; others by entity | BVI FSC; CySEC subsidiary |
| Deposit fees | No fee if no FX conversion | Not clearly published |
| Demo account | Yes | Yes |
marks the stronger side on that row. Key numbers were re-checked on 2026-07-09. Terms differ by legal entity and country — confirm on the broker's own legal pages before funding.
Score breakdown
How IG and iFOREX earn their comparison scores, component by component — same methodology as every review on this site.
IG vs iFOREX on fees and deposits
IG’s UK help pages show no minimum for bank transfers and a card minimum that varies by currency; in USD, the card minimum is $50. IG also states it does not charge for deposits or withdrawals if no currency conversion is needed. On spreads, IG’s UK price tables show EUR/USD from 0.6 points in one current page, while its US FX product page shows EUR/USD minimum spread at 0.8 and average spread at 1.1, underscoring that pricing depends on entity and region. iFOREX publishes a $100 minimum deposit on its forex page and says inactivity fees can be $15 per quarter after 12 inactive months. That makes iFOREX easier to summarize on entry cost, but IG is more transparent about the structure of payment and conversion charges.
IG vs iFOREX on platforms and tools
IG has the more flexible platform lineup. Its current pages show a browser platform, mobile apps, MT4, and in some regions ProRealTime as well. The help center also confirms MT4 access, including web terminal and desktop downloads, so traders who want third-party tools are not locked into one interface. iFOREX is the opposite: it uses a proprietary web and mobile platform only, which simplifies the experience but removes the option to choose MT4 or MT5. iFOREX does, however, publish its own product tools and says the platform is available in browsers and on mobile devices. For traders who want charting and a wider toolkit, IG has the edge; for traders who prefer one in-house interface, iFOREX may still suit them.
IG vs iFOREX on regulation and legal structure
IG’s official disclosures point to FCA-regulated UK operations and client-money segregation language, while its group pages also reference other regulated entities in places such as Bermuda, Singapore, and Switzerland. That breadth is useful, but it also means protections differ by legal entity and country. iFOREX publishes a BVI FSC license reference on its official site and separately says its European subsidiary is licensed by CySEC under license 143/11. Its public filings also describe the group’s structure and history, which helps with entity matching. For traders, the key practical point is the same on both sides: the exact company you onboard with determines the rule set, not the brand name alone. IG looks stronger on top-tier onshore recognition; iFOREX is less straightforward but still documented.
IG vs iFOREX on funding and withdrawals
IG publishes more granular payment rules. Its current UK help pages state there are no minimum or maximum deposit amounts for bank transfers, while card minimums vary by currency. It also explains withdrawal channels, timing, and minimums by currency, which makes the funding process easier to plan. iFOREX says funding methods include cards, bank wires, and alternative payment solutions where available, and its public pages confirm that payment options can differ by country. The downside is that iFOREX’s deposit and withdrawal detail is less standardized in public view, so traders may need to check the onboarding flow for their specific region. In practice, IG is the more transparent choice for funding logistics, while iFOREX is simpler to summarize but less explicit on edge-case rules.
IG vs iFOREX on research and market support
IG publishes a large amount of market content across its site: platform explainers, product pages, charts, and help material tied to specific account types and regions. That does not make the research “better” in every case, but it does show a deeper public content footprint and more ways to verify costs and platform features. iFOREX also offers market pages, trading-condition documents, and branded tools such as Pulse and Trader’s Activity, yet its research and education footprint is narrower and more tied to the proprietary platform experience. For self-directed traders, IG is usually the easier broker to due-diligence because there are more current official pages to compare. iFOREX can still work for platform-led users, but it gives less room for independent cross-checking.
Which broker fits you
- You want MT4 and a broader platform lineup
- You prefer clearer public fee and withdrawal rules
- You want a broker with a long-established FCA-linked footprint
- You care most about third-party platform access
- You want a $100 stated minimum deposit
- You prefer a proprietary web/mobile platform only
- You are comfortable verifying the exact entity and region first
- You want a simpler product menu with in-house tools
Common questions
Is IG or iFOREX cheaper for new traders?
IG is usually easier to compare on price because it publishes more detailed deposit, withdrawal, and spread information by entity. iFOREX clearly states a $100 minimum deposit, but its public pricing detail is less standardized. For both firms, the final cost depends on country, account type, and whether conversion or inactivity charges apply.
Does IG or iFOREX offer MT4?
IG does; its current help and platform pages confirm MT4 access in supported regions. iFOREX does not list MT4 or MT5 and instead uses its own proprietary web and mobile platform. If MT4 is a requirement, IG is the clearer fit.
Which is better regulated, IG or iFOREX?
IG has the stronger top-tier regulatory profile in its main UK context, with FCA-regulated operations and additional entities in other jurisdictions. iFOREX publishes a BVI FSC license reference and a CySEC-licensed European subsidiary, but the exact protections depend on which entity you open with. Always match the legal entity to your country before depositing.
Are IG and iFOREX terms the same everywhere?
No. IG’s deposit, withdrawal, platform, and protection terms vary by legal entity and country, and iFOREX also says funding and account terms depend on region. That means the brand name alone is not enough. Check the onboarding entity, client agreement, and local eligibility rules before you fund an account.