AvaTrade vs IG Markets

If you are reading this article, you’re likely having trouble deciding whether AvaTrade or IG Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this AvaTrade vs IG Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

Feature AvaTrade (visit site) IG Markets (visit site)
AvaTrade IG Markets
Headquarter: Ireland United Kingdom
Regulation :
MiFID, Central Bank of Ireland, FSA, ASIC, BVI, FFAJ, FSCA, ADMG - FRSA FCA
Type of Broker:
ECN/STP Market Maker
U.S. Clients Allowed:
Minimum Deposit:
$100 $250
Maximum Leverage:
1:400 N/A
Commissions / Spreads:
Spreads Both
Account 1:
Retail CFD
Account 2:
Professional Spread Betting
Account 3:
Spread Betting Share Dealing
Account 4:
Standard ISA/SIPP
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:
  • English
  • Chinese
  • Other
  • English
  • Chinese
  • Other
Support Hours:
24/5 24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:

Features and Platforms

AvaTrade has created a trustworthy brand since its inception in 2006. While it offers traders the MT4 and MT5 trading platforms, this broker developed three proprietary trading platforms. Manual traders have the AvaTrade WebTrader, where a clean interface allows for efficient trading. Options traders have AvaOptions catering to their needs, while mobile traders will benefit from AvaTradeGo. An excellent educational section, market commentary, and support for social trading enhance the core trading environment. IG Markets remains one of the best overall online brokers available today. Founded in 1974, this broker deploys a superior proprietary trading platform alongside MT4. ProRealTime adds support for automation of trading strategies, and the L2 Dealer caters to investors. The education and research division deliver high-quality content, while the deployed technology infrastructure improves order execution.

Feature AvaTrade IG Markets
Type of Platform: MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based MetaTrader 4, Proprietary platform, Web-based, Other
Platform Languages:
  • English
  • Spanish
  • Italian
  • French
  • German
  • Other
  • English
OS Compatibility:
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
Trading Signals:
Charting Package:
Market Analysis:
Chart Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Guaranteed Execution:
One-click Execution:
Interest on Margin:
Web-based Trading:
Mobile Trading:

Available Markets

While AvaTrade provides all retail trader with an above-average asset selection across Forex, commodities, FX options, bonds, equities, indices, ETFs, and cryptocurrencies, IG Markets provides a significantly broader choice. Where the former has over 1,250 assets, the latter maintains a portfolio spanning more than 17,000 products, catering to all types of traders, including institutional ones, hedge funds, and proprietary trading desks. IG Markets also provides overt 70 extended-hours CFDs, allowing traders to benefit from after-hour trading, which is of particular interest following earnings releases. AvaTrade does offer more cryptocurrencies than IG Markets, but the overall selection well behind one of the market leaders among online brokers.

Feature AvaTrade IG Markets
ETFs:
CFDs:
Commodities:
Metals:
Stocks:
Oil:
Gold:
Binary Options:
Indices:

Typical Spreads and Fees

From a pricing perspective, AvaTrade ranks in the middle of the pack, while IG Markets offers a notably more competitive environment. The EUR/USD at the former carries a 0.9 pip spread versus 0.6 pips at the latter. AvaTrade does not levy commissions, but the mark-up remains higher to compensate. As a liquidity provider, IG Markets offers notably more competitive spreads, but a commission of $10 or currency equivalent applies with a minimum charge depending on the asset. Therefore, AvaTrade provided an overall more cost-effective structure, especially for retail traders. Swap rates on leveraged overnight positions exist at AvaTrade and IG Markets alike. IG Markets, given its broad market selection, has several additional costs, but not all apply to all traders. AvaTrade does have a $50 per month inactivity, among the highest in the industry.

Security and Trust

Traders who seek a safe and reliable broker will find one in AvaTrade, regulated in seven jurisdictions, as well as IG Markets, which operates under the oversight of multiple global regulators. While client deposits remain segregated at both brokers and negative balance protection applies at several operating subsidiaries of AvaTrade and IG Markets, the latter also listed in the London Stock Exchange and is a constituent of the FTSE 250 index. Overall, both have an exemplary regulatory track record, and clients can trust them with their personal information and deposits. Transparency is available at both brokers, expanding the trustworthy and well-managed trading environment.

AvaTrade vs IG Markets – Verdict

Most retail traders will determine the product and services portfolio at AvaTrade more than sufficient for their trading needs. An excellent choice in trading platform caters to all types of traders, from manual through automated to social. The educational section provides new clients with a valuable start into trading, and the commission-free cost structure adds appeal. With a minimum deposit of just $100, AvaTrade is accessible to traders from all backgrounds. More advanced ones will find IG Markets a superior choice. Due to an asset selection of more than 17,000 products across twelve sectors, this broker maintains super trading opportunities and cross-asset diversification. The introduction of IG Smart Portfolios marked the entrance of this broker into online wealth management. Education and research remain excellent, expanding on a market-leading product and services offering from outstanding trading platforms. New retail traders may start at AvaTrade, but IG Markets represents a natural upgrade and is overall one of the best online brokers today.

Read full AvaTrade Review