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
Features and Platforms
| Features & Platforms | IG Markets (visit site) | FXCC (visit site) |
 |  | |
| Headquarter: | UK | Vanuatu |
Established : | 1974 | 2010 |
Retail Loss Rate: | 68.00% | Undisclosed |
Regulation: | ||
Minimum Deposit: | $250 | $0 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | £12 monthly after 24 months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Yes + Third-Party |
Funding Methods: | 4 | 18 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | API Trading | Low trading costs |
Unique Feature Two: | MT4 plugins + Autochartist | Daily trading signals |
Broker Offers: |
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
| Available Markets | IG Markets | FXCC |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:200 | 1:500 |
Maximum Pro Leverage: | 1:200 | 1:500 |
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
| Typical Spreads & Fees | IG Markets | FXCC |
Minimum Raw Spreads: | Not applicable | 0.0 pips |
Minimum Standard Spreads: | 0.6 pips | 0.0 pips |
Minimum Commission for Forex: | Commission-free | Commission-free |
Commission for Equities: | 0.10% or $0.02/share (US) | Not applicable |
Rebates: | Yes | No |
Execution Type: | Market Maker/ECN | ECN/STP |
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
FXCC
| Country of the Regulator | Name of the Regulator | License Number |
Cyprus | Cyprus Securities and Exchange Commission | 121/10 |
Vanuatu | Financial Services Commission | Unregulated |
IG Markets
| Country of the Regulator | Name of the Regulator | License Number |
UK | Financial Conduct Authority | 195355 |
Cyprus | Cyprus Securities and Exchange Commission | 378/19 |
Germany | Federal Financial Supervisory Authority | 10148759 |
Switzerland | Swiss Financial Market Supervisory Authority | Confirmed, but no regulatory license number |
Dubai | Dubai Financial Services Authority | F001780 |
South Africa | Financial Sector Conduct Authority | 41393 |
Singapore | Monetary Authority of Singapore | Confirmed, but no regulatory license number |
Japan | Japanese Financial Services Agency | Unconfirmed |
Australia | Australian Securities & Investments Commission | 220440 & 515106 |
New Zealand | Financial Markets Authority | FSP18923 |
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
| Pros | Cons |
| Commission-free raw spreads from 0 pips with average cost of 0.5 pips | Equity trading not available |
| One account type with no minimum deposits and high leverage | |
| Quality education for beginner traders and daily trading signals | |
| Full support for algorithmic and social |
IG Markets
| Pros | Cons |
| Excellent choice of trading platforms and superior asset selection | Limited deposit and withdrawal methods |
| Competitive trading costs with a volume-based cash rebate program | Higher minimum deposit requirement, but within a reasonable demand |
| Outstanding trading environment for algorithmic trading, including API support | |
| Comprehensive educational tools for beginner traders |
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.
IG’s maximum leverage globally is 1:200 but depends on the asset and operating subsidiary.
How do I withdraw money from FXCC?
The secure FXCC back-office handles all financial transactions.
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.