FX Open Vs IG

FX Open and IG in Detail

The FX Open online trading platform gives traders from all over the world access to over 600 financial instruments, IG include over 17,000 available instruments. There are over 1,000,000+ registered customers that have taken advantage of the FX Open platform.

FX Open are regulated by FCA (Financial Conduct Authority) (579202), CySEC (Cyprus Securities and Exchange Commission) (194/13).

IG is a renowned UK financial trading brokerage established in 1974.

IG serves customers globally and are regulated by FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority) . Depending on the country you are trading from FX Open may serve you from a different business entity to comply with its financial regulators.

IG is listed as a publically traded company on a major stock market. As part of their regulatory requirements IG has to disclose a yearly report publically. Because of this extra level of auditing and regulation IG can be considered trustworthy. FX Open is not listed as a PLC.

IG is a popular well known financial trading platform serving over 313,000 customers.

Benefits of FX Open and IG Compared

Below, we will give you a summary of the benefits FX Open and IG offer side by side.

FX Open offers a minimum deposit of 50 while IG have a 0 minimum deposit.

Why smaller trading deposits are good and how FX Open and IG compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either FX Open or IG. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. FX Open requires a minimum deposit of 50, whereas IG mandates a minimum deposit of 0. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's FX Open or IG, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

FX Open allows traders to trade up to 600 financial instruments while IG have around 17,000 on their trading platform.

The more instruments available on FX Open and IG trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of FX Open or IG.

The FX Open trading platform has 0 stocks listed while IG has 8,000 stocks listed.

FX Open allows retail traders to trade the following assets Forex, Social Trading on the FX Open TickTrader VPS, FIX API MT4, MT5, iOS (App Store), Android (Google Play), Web, TradingView trading platforms.

Alternatively IG allows retail traders to trade Forex, CFDs, Spread Betting, Share dealing on the IG MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play trading platforms.

Compare FX Open and IG in more detail below.

Drawbacks of FX Open and IG Compared

Below we compare what drawbacks FX Open and IG have side by side.

Various potential downsides can be associated with certain brokers, including FX Open and IG. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by FX Open compared to IG. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of FX Open versus IG.

Broker	FX Open	IG	IC Markets
Inactivity Fees	Yes	No	No
Withdrawl Fees	No	No	No
Withdrawal Processing Time	1-3 business days	Varies	Varies
Min Deposit	50	0	200
Social Trading	Yes	No	Yes
Excluded Countries	US	US, BE, FR, IN, IL, PL, ZW	US, IR, CA, NZ, JP

FX Open Vs IG Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with FX Open or IG. A diversified portfolio with FX Open or IG can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like FX Open or IG, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as FX Open and IG.

Broker	FX Open	IG	IC Markets
Instruments Available	600	17000	2250
Offers share dealing	No	Yes	Yes
Number of Shares	0	8,000	2,100
Offers US Stocks	No	Yes	Yes
Offers UK Stocks	No	Yes	Yes
Offers German Stocks	No	Yes	Yes
Offers Japanese Stocks	No	Yes	Yes
Offers Indices Trading	Yes	Yes	Yes
Number of Commodities	0	34	20
Offers Metals Commodities	Yes	Yes	Yes
Offers Energy Commodities	Yes	Yes	Yes
Offers Agricultural Commodities	No	Yes	Yes
Offers Forex Trading	Yes	Yes	Yes
Number of Forex Pairs	50	100	61
Offers Major Forex Pairs	Yes	Yes	Yes
Offers Minor Forex Pairs	Yes	Yes	Yes
Offers Exotic Forex Pairs	Yes	Yes	Yes
Offers CFD Trading	Yes	Yes	Yes
Offers Social Trading	Yes	No	Yes

FX Open Vs IG Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both FX Open and IG, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both FX Open and IG offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with FX Open or IG is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with FX Open or IG could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on FX Open, IG, and all brokers are subject to regulation.

We compare FX Open vs IG Crypto options below side by side.

Broker	FX Open	IG	IC Markets
Allows Cryptocurrency Trading (availability subject to regulation)	Yes	No	Yes
Cryptocurrencies Offered	BTC, BCH, ETH, XRP, LTC, EOS, DASH, USDT, EMC, MIOTA	BCH, BTC, ETH, LTC, XRP, EOS, DASH, XLM, NEO	BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

FX Open Vs IG Commission and Fees

knowing your trading and commission fees with FX Open vs IG is extremely important. For the majority of the FX Open 600 financial instruments and IG 17,000 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with FX Open and IG. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with FX Open and IG before you invest because you must know what you are paying.

You ideally want to choose a broker like FX Open or IG that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with FX Open or IG. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential FX Open and IG fees, of course. Make sure you do your research and check the commission and fees with both FX Open and IG before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with FX Open or IG be aware of or 3rd party payment provider fees and currency conversion fees.

FX Open does charge inactivity fees, while IG does not charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant FX Open and IG accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your FX Open or IG account, or choose to close it.

Usually, the associated fees for dormant FX Open or IG accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live FX Open or IG trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like FX Open or IG you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay FX Open or IG nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how FX Open vs IG compare side by side for commissions and fees.

Broker	FX Open	IG	IC Markets
Min Deposit	50	0	200
Inactivity Fees	Yes	No	No
Withdrawal Fees	No	No	No
Deposit Fees	No	Varies	No

FX Open Vs IG Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the FX Open and IG platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an FX Open or IG demo account.

Broker	FX Open	IG	IC Markets
Offers MT4	Yes	Yes	Yes
Offers MT5	Yes	No	Yes
Offers cTrader	No	No	Yes

FX Open Vs IG Mobile Trading

Trading on your mobile with FX Open and IG can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and FX Open and IG mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with FX Open or IG. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with FX Open or IG can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with FX Open or IG is essential. Likewise, if you have an android phone, it's crucial to verify if FX Open or IG broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if FX Open and IG have trading apps compatible with your device.

Broker	FX Open	IG	IC Markets
Web Platform	Yes	Yes	Yes
IOS Trading App	Yes	Yes	Yes
Android Trading App	Yes	Yes	Yes
Microsoft Trading App	Yes	No	Yes

FX Open Vs IG Trading Account Types Offered

FX Open Vs IG Demo Account

A demo account with FX Open or IG is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an FX Open and IG demo account.

FX Open Vs IG Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if FX Open or IG offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

FX Open does offer clients Micro accounts, while IG does not offer clients Micro accounts.

FX Open Vs IG Standard Account

A standard account is available on FX Open and IG to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both FX Open and IG do offer clients Standard accounts.

FX Open Vs IG MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with FX Open or IG or alternative.

FX Open does offer clients MAM accounts, while IG does not offer clients MAM accounts.

FX Open Vs IG ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with FX Open or IG or alternative.

FX Open does offer clients ECN accounts, while IG does not offer clients ECN accounts.

FX Open Vs IG Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with FX Open or IG or alternative.

FX Open does offer clients Islamic accounts, while IG does not offer clients Islamic accounts.

FX Open Vs IG STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with FX Open or IG or alternative.

Both FX Open and IG offer clients STP accounts.

FX Open Vs IG Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

FX Open and IG do not offer clients Managed accounts.

Broker	FX Open	IG	IC Markets
Offers Demo Accounts	Yes	Yes	Yes
Offers Micro Accounts	Yes	No	No
Offers Standard Accounts	Yes	Yes	Yes
Offers MAM Accounts	Yes	No	Yes
Offers ECN Accounts	Yes	No	Yes
Offers Islamic Accounts	Yes	No	Yes
Offers STP Accounts	Yes	Yes	No
Offers Managed Accounts	No	No	No

FX Open Vs IG Withdrawal and Funding Methods

FX Open and IG have multiple deposit and withdrawal options. Funding and withdrawing from your FX Open and IG accounts to your chosen payment method should be straightforward. Lets see how FX Open and IG compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from FX Open or IG.

Broker	FX Open	IG	IC Markets
Payment Methods	Wire Transfer, Bank Transfer, Credit Cards, Debit Cards, VISA, MasterCard, Maestro, Neteller, Skill, Bitcoin, PerfectMoney, WebMoney, UnionPay, FasaPay, Payza, QIWI, SOFORT, Giropay,	Credit Cards, VISA, MasterCard, Debit Cards, Bank Transfer, Electronic wallets (eWallets), PayPal, BPAY, Payoneer,	Credit Cards, Debit Cards, MasterCard, VISA, PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking,

FX Open Vs IG Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of FX Open or IG support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the FX Open and IG support is always available when needed. FX Open and IG customer support is not just useful. broker customer support is crucial to your trading success!

FX Open Vs IG Live Chat

Live chat is important for several reasons. When you encounter a problem with FX Open or IG trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both FX Open and IG offer livechat support.

FX Open Vs IG Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either FX Open or IG you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the FX Open or IG support team to answer satisfactorily. Email support with FX Open and IG will be needed.

Both FX Open and IG offer email support.

FX Open Vs IG Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either FX Open or IG. We can get straight to the point, saving us time and frustration.

FX Open do not offer phone support. On the other hand IG do offer phone support.

Lets see how FX Open and IG customer support compare side by side.

Broker	FX Open	IG	IC Markets
Offers Live Chat	Yes	Yes	Yes
Languages	English, Arabic, Farsi, Turkish, Espanol, Portuguese, French, Deutch, Russian, Thai, Malay, Bahasa	English, French, German, Spanish, and Portuguese	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email	[email protected]	[email protected]	[email protected]
Phone	No	44 20 7633 5300	No

FX Open Vs IG Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether FX Open and IG are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that FX Open or IG have these in place, please be extremely cautious before you proceed with them.

We compare FX Open Vs IG financial regulation and licensing side by side below.

Broker	FX Open	IG	IC Markets
FCA Regulation	Yes	Yes	No
CySEC Regulation	Yes	Yes	No
MiFID Regulation	No	No	No
ASIC Regulation	No	Yes	No
FSCA Regulation	No	Yes	No
DFSA Regulation	No	Yes	No
MAS Regulation	No	Yes	No

FX Open Vs IG Education Resources Compared

We compare FX Open and IG educational resources below.

Broker	FX Open	IG	IC Markets
Education Resources	Economic Calendar, News & Analysis, Blogs	IG Academy, Seminars and Webinars, Podcasts	Webinars, Podcasts, Video Tutorials, Help Centre Articles, Blogs

FX Open Vs IG Risk Management Features

When trading with either FX Open or IG you will want to understand and make full use of all the risk management features on your FX Open or IG trading platforms.

We compare side by side the trading risk management features offered by FX Open and IG below.

FX Open Vs IG Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both FX Open and IG do offer clients hedging.

FX Open Vs IG Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both FX Open and IG do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on FX Open or IG. You must still monitor any live trades and your financial exposure and financial risk.

FX Open Vs IG Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both FX Open and IG do offer clients limit orders.

FX Open Vs IG Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both FX Open and IG do offer clients negative balance protection.

Broker	FX Open	IG	IC Markets
Offers Hedging	Yes	Yes	Yes
Negative Balance Protection	Yes	Yes	Yes
Guaranteed Stop Loss	No	Yes	No
Offers Limit Orders	Yes	Yes	Yes
Offers Trailing Stops	Yes	Yes	Yes

FX Open Vs IG Verdict

We hope this FX Open Vs IG guide has helped you decide who is best to trade with out of FX Open and IG.

When choosing a broker like FX Open or IG for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with FX Open or IG are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as FX Open or IG, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with FX Open or IG.

Also, before you sign up with online brokers like FX Open or IG, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with FX Open or IG before investing money into something.

Beware of the risks that come with trading with FX Open or IG. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all FX Open and IG educational resources and financial research tools. If you are new to trading, sign up for a demo account with FX Open and IG to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using FX Open or IG will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if FX Open and IG fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with FX Open or IG if your investment strategy is more long-term.

FX Open and IG Alternatives

If FX Open and IG are not what you are not quite what you are looking for we list some of the best FX Open and IG alternatives below.

Other FX Open and IG Vs Comparisons

If you are still looking for an alternative to FX Open and IG and want to see how FX Open or IG compares Vs other brokers check out the FX Open Vs and IG Vs list below.

FX Open Vs Alternatives

Still not happy have a look at some of our alternative FX Open Vs side by side comparisons below

• FX Open vs IC Markets
• FX Open vs Roboforex
• FX Open vs eToro
• FX Open vs XTB
• FX Open vs XM
• FX Open vs Pepperstone
• FX Open vs AvaTrade
• FX Open vs FP Markets
• FX Open vs easyMarkets
• FX Open vs SpreadEx

IG Vs Alternatives

Still not happy have a look at some of our alternative FX Open Vs side by side comparisons below

• IG vs IC Markets
• IG vs Roboforex
• IG vs eToro
• IG vs XTB
• IG vs XM
• IG vs Pepperstone
• IG vs AvaTrade
• IG vs FP Markets
• IG vs easyMarkets
• IG vs SpreadEx

FX Open Vs IG Frequently Asked Questions

We answer some of the most frequently asked FX Open Vs IG questions below.

Is FX Open any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is FX Open legit? - FX Open are regulated by FCA (Financial Conduct Authority) (579202), CySEC (Cyprus Securities and Exchange Commission) (194/13) and have been in business since 2005

Is IG any Good?

IG are regulated by FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority) and have been in business since 1974.

Which is better FX Open or IG?

FX Open and IG do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is FX Open a con?

FX Open is regulated by FCA (Financial Conduct Authority) (579202), CySEC (Cyprus Securities and Exchange Commission) (194/13) and have been in business since 2005. We recommend looking at a FX Open alternative that has more financial regulation.

Is IG a con?

IG is regulated by FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority) and have been in business since 1974. We recommend looking at a IG alternative that has more financial regulation.

What happens if FX Open or IG go bust?

FX Open and IG are regulated, which means that as part of their regulatory obligations FX Open and IG have to offer a certain level of financial protection to their clients. FX Open and IG should by law keep client funds separate from FX Open and IG funds. If either FX Open or IG goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the FX Open and IG websites and regulators.

Are FX Open or IG good for beginners?

FX Open and IG offer low deposits and access to a selection of market insights and news resources. Both FX Open and IG offer demo accounts. Demo trading accounts are a big plus for FX Open and IG as it shows they are interested in their customers.