Dive into our comprehensive comparison of AvaTrade and IG. We cover everything from trading costs to platforms, helping you decide which broker suits your trading needs.
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AvaTrade and IG are two of the most reputable forex brokers in the industry. AvaTrade, headquartered in Dublin, Ireland, is known for its diverse trading platforms and strong regulatory oversight. IG, on the other hand, is a UK-based broker with a long-standing reputation and a broad range of markets.
When it comes to trading costs, both AvaTrade and IG have their strengths.
AvaTrade’s standard account offers spreads starting from 0.9 pips on popular forex pairs like EUR/USD. On the other hand, IG’s spreads start from 0.6 pips on the same pair. For more information on standard account spreads, check out our Standard Account Testing.
For traders looking for even lower spreads, both brokers offer RAW or ECN accounts. AvaTrade’s RAW account offers spreads from 0.0 pips plus a commission of $7 round turn, while IG’s ECN account offers spreads from 0.0 pips plus a commission of $6 per lot. For more information on RAW account spreads, check out our Testing Of RAW Accounts.
In terms of commission rates, AvaTrade charges a commission of $7 per lot on its RAW account, while IG charges $6 per lot on its ECN account.
Neither AvaTrade nor IG charges fees for deposits or withdrawals, which is a significant advantage for traders who move money frequently.
Both brokers have other fees, such as inactivity fees, which traders should consider. It’s always a good idea to read the fine print before opening an account.
Verdict: Without specific spread testing results, it’s challenging to declare a clear winner in terms of trading costs. However, both AvaTrade and IG offer competitive spreads and low fees, making them both good choices for cost-conscious traders.
| Criteria | AvaTrade | IG |
|---|---|---|
| Standard Account Spreads | 0.9 | 1.0 |
| RAW Account Spreads | N/A | N/A |
| Commission Rates | Competitive | Competitive |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | Yes | Yes |
AvaTrade is regulated by top-tier regulators including the Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), and the Financial Services Authority (FSA) in Japan. IG, on the other hand, is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS). For more information on trust and regulation, check out our CIRO page.
Verdict: Both AvaTrade and IG are highly regulated, providing traders with a high level of trust and security. However, with regulation from seven top-tier authorities, IG has a slight edge over AvaTrade.
| Broker | Regulators |
|---|---|
| AvaTrade | ASIC, CySEC, CIRO, KNF, BVI FSC, FSCA, ADGM |
| IG | ASIC, FCA, BaFiN, FINMA, CySEC, CFTC/NFA, MAS, FMA, JFSA, BMA, FSCA, DFSA |
Both AvaTrade and IG offer a variety of trading platforms to suit different trading styles and preferences.
AvaTrade offers both MetaTrader 4 and MetaTrader 5, the world’s most popular trading platforms. IG, on the other hand, offers its proprietary platform, IG Trading, in addition to MetaTrader 4. For more information on MetaTrader 4 and 5, check out our MetaTrader 4 vs MetaTrader 5 page.
While AvaTrade does not offer cTrader or TradingView, IG offers ProRealTime, a professional-grade trading platform that includes advanced charting and automated trading features. For more information on cTrader and TradingView, check out our cTrader vs TradingView page.
| Criteria | AvaTrade | IG |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | Yes |
| TradingView | No | No |
| Other Platforms | AvaTradeGo AvaOptions |
IG Trading Platform L2 Dealer |
| VPS Services | Yes | Yes |
Both brokers offer social and copy trading. AvaTrade offers this through ZuluTrade and DupliTrade, while IG offers it through its proprietary platform.
Both AvaTrade and IG offer VPS and other trading tools to enhance the trading experience.
| Broker | Limit Order Speed | Market Order Speed |
|---|---|---|
| Avatrade | N/A | N/A |
| IG | 209 ms | 182 ms |
Verdict: Both AvaTrade and IG offer a wide range of trading platforms and tools. However, AvaTrade’s offering of TradingView gives it a slight edge for those who prefer this platform.
Execution speed is crucial in forex trading. Unfortunately, specific data on execution speeds for AvaTrade and IG is not available. Both brokers, however, are known for their efficient and reliable trade execution.
Verdict: Without specific data, it’s challenging to compare the execution speeds of AvaTrade and IG. Both brokers, however, are known for their efficient trade execution.
| Broker | Limit Order Speed | Market Order Speed |
|---|---|---|
| IG | 17 | 20 |
| AvaTrade | N/A | N/A |
AvaTrade offers a Standard account, a Professional account, and a Demo account. IG offers a CFD trading account, a spread betting account (for UK and Ireland residents), a share dealing account, and a Demo account.
Verdict: IG offers more account types than AvaTrade, providing more options for different types of traders.
| Criteria | AvaTrade | IG |
|---|---|---|
| Account Types | Standard, Demo | Standard, Premium, Professional, Demo |
Both AvaTrade and IG offer robust customer service, including 24/5 live chat, phone support, and email support. They also provide extensive educational resources for both beginner and experienced traders.
Verdict: Both AvaTrade and IG excel in customer service, making them both excellent choices for traders who value strong support.
| Criteria | AvaTrade | IG |
|---|---|---|
| Customer Service | 24/5 Live Chat, Phone, Email | 24/7 Live Chat, Phone, Email |
AvaTrade requires a minimum deposit of $100, while IG requires a minimum deposit of $300.
Both AvaTrade and IG accept a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets.
Both brokers offer a range of trading instruments, including forex pairs, indices, commodities, and cryptocurrencies. They also provide various trading tools and educational resources.
Verdict: While AvaTrade has a lower minimum deposit, both brokers offer a wide range of trading instruments and tools, making them both excellent choices for traders.
| Criteria | AvaTrade | IG |
|---|---|---|
| Minimum Deposit | $100 | $300 |
| Payment Methods | Multiple options | Multiple options |
| Trading Instruments | Wide range | Wide range |
| Forex CFD | 55 | 24 + 86 = 110 |
| Shares CFD | No | 13000+ |
| Cryptos CFD | 17 (+ Crypto10 Index) |
13 (+ Crypto 10 Index) |
| Commodities CFD | 5 Metals 5 Energies 7 Softs |
11 Metals 7 Energies 23 Softs |
| Indices CFD | 33 | 130 |
| Bonds/Treasuries CFD | 2 | 14 |
| Spread Betting (UK only) | Yes | Yes |
| Other Products | Yes | Yes |
| Shares (underlying) | Yes | Yes |
Best For Beginner Traders
AvaTrade, with its lower minimum deposit and user-friendly platform, is an excellent choice for beginner traders.
Best For Experienced Traders
IG, with its more extensive range of account types and top-tier regulation, is our top pick for experienced traders.
| Criteria | AvaTrade | IG |
|---|---|---|
| Best For Beginner Traders | Yes | No |
| Best For Experienced Traders | No | Yes |
In conclusion, both AvaTrade and IG are excellent forex brokers, each with their strengths. Your choice between the two will depend on your specific trading needs and preferences.
AvaTrade is an excellent choice for beginner traders due to its lower minimum deposit and user-friendly platform. However, IG offers more account types and is regulated by more top-tierauthorities, making it a better choice for experienced traders.
Both AvaTrade and IG offer MetaTrader 4 and 5. AvaTrade also offers TradingView, while IG offers its proprietary platform for social and copy trading.
