No broker is perfect, and IG is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to IG :
- IG does not accept Neteller (See Neteller brokers here)
- IG does not accept Skrill (See Skrill brokers here)
- IG does not offer Islamic accounts (See Islamic brokers here)
- IG does not offer micro accounts (See micro account brokers here)
- IG does not offer ECN accounts (See brokers with ECN accounts here)
- IG does not offer MT5 (See MT5 brokers here )
- IG does not offer negative balance protection (See brokers with negative balance protection here)
Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best IG alternatives.
Top alternative : City Index
A popular alternative to IG is City Index, a brokerage regulated by Financial Conduct Authority, ASIC and MAS and over 35 years in business. Another strong alternative is Forex.com, which is regulated by Financial Conduct Authority.
Here are some of the key reasons why traders choose City Index and Forex.com over IG :
| IG | City Index | Forex.com | |
|---|---|---|---|
| Trust Score | AAA | AAA | AAA |
| Regulator | Financial Conduct Authority and ASIC | Financial Conduct Authority, ASIC and MAS | Financial Conduct Authority |
| Min. Deposit | 1 | 100 | 250 |
| Min. Trade | £1 | 1 Lot | Varies |
| Platforms | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, NinjaTrader, Tablet & Mobile apps |
If you want to read more about City Index, we’ve put together an in-depth City Index review that explores their platform, spreads, and trading conditions in more detail.
Visit City IndexIf City Index isn’t quite right, we’ve also listed ten suitable IG alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
