Exness vs IG | Which is best 2024 (2024)

Exness vs IG | Which is best 2024 (1)

Review

4.6

Exness vs IG | Which is best 2024 (2)

Review

4.4

IG is #3 in our CFD broker rankings.

Exness vs IG | Which is best 2024 (4) Traders from US accepted

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

Forex trading involves risk. Losses can exceed deposits. Customer Reviews

4

Based on 1 Exness customer reviews

4

Based on 2 IG customer reviews

Comment by Reviewer "Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software." "IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders." Pros
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
  • There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side
  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • Local payments are available, plus deposits in BTC and USDT
  • Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees
  • The broker offers fast execution speeds for short-term traders, averaging under 25ms
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
See Also
IC Trading vs IC Markets
Awards
  • Most People-Centric Broker at Traders Summit 2022
  • Global Broker of the Year at Traders Summit 2022
  • Best Customer Support Award at Financial Markets Expo Cairo 2021
  • Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • Most Innovative Broker at Dubai Expo 2021
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Demo Account Yes Yes Minimum Deposit $10 $0 Trading Platforms
  • Exness Trade App
  • MT4
  • MT5
  • TradingCentral
  • Web
  • ProRealTime
  • L2 Dealer
  • MT4
  • AutoChartist
  • TradingCentral
Payment Methods
  • Bitcoin Payments
  • Boleto
  • Credit Card
  • Mastercard
  • Visa
  • Wire Transfer
  • Credit Card
  • Debit Card
  • Mastercard
  • PayPal
  • Visa
  • Wire Transfer
Minimum Trade 0.01 Lots 0.01 Lots Regulator FSA, CySEC, FCA, FSCA, FSC, CBCS FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Margin Trading Yes Yes Margin Rate 2.5% STP Account No No ECN Account Yes No DMA Account No Yes MAM Account No No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No Yes Negative Balance Protection Yes Yes Market Maker No Yes P2P Trading No No Spot Trading Yes Yes Mobile Apps iOS & Android iOS & Android App Review

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.

Android App Rating

4.3

4

iOS App Rating

4.4

4.6

Auto Trading Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime Copy Trading No No Social Trading Yes No Trade Signals Yes VPS Hosting Yes Yes Tournaments No No Demo Competitions No No Ethical Investing No Yes Custodial Account No No Guaranteed Stop Loss No Yes Inactivity Fee $0 $12 Islamic Account Yes No Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • KWD
  • QAR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • Bombay Stock Exchange
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • National Stock Exchange Of India
  • Russell 2000
  • Shanghai Stock Exchange
  • SIX Swiss Exchange
  • Shenzhen Stock Exchange
  • Tadawul
  • Toronto Stock Exchange
  • Taiwan Stock Exchange
Commodities
  • Corn
  • Gold
  • Silver
  • Aluminium
  • Coffee
  • Cannabis
  • Copper
  • Gold
  • Iron
  • Lithium
  • Natural Gas
  • Nickel
  • Oil
  • Orange Juice
  • Palladium
  • Precious Metals
  • Silver
  • Soybeans
  • Steel
  • Sugar
  • Wheat
CFD Trading Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal. IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. Leverage 1:2000 1:30 (Retail), 1:250 (Pro) FTSE Spread 15.1 1.0 GBPUSD Spread 0.1 0.9 Oil Spread 1.0 2.8 Stocks Spread 0.7 0.02 Forex Trading An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet. IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. Forex App

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.

GBPUSD Spread 0.1 0.9 EURUSD Spread 0.0 0.8 EURGBP Spread 0.4 0.9 Assets 97 80+ Currency Indices
  • USD
Cryptocurrency There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries. IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Spread Floating Variable Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

Review

Exness vs IG | Which is best 2024 (5)

Review

Exness vs IG | Which is best 2024 (6)

Forex trading involves risk. Losses can exceed deposits.
Exness vs IG | Which is best 2024 (2024)
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