Exness vs IG Markets Comparison & Reviews

FeatureExnessIG Markets
Founded20081974
RegulationCySEC (Cyprus), FCA (UK), FSCA (South Africa), FSA (Seychelles)FCA (UK), ASIC (Australia), CFTC (US), MAS (Singapore), FINMA (Switzerland)
Market InstrumentsForex, Cryptocurrencies, Indices, Commodities, MetalsForex, Cryptocurrencies, Indices, Commodities, Shares, ETFs, Bonds
LeverageUp to 1:2000 (varies by account and region)Up to 1:200 (varies by region)
Spread (EUR/USD)From 0.1 pips (on Raw Spread accounts)From 0.6 pips (on standard accounts)
Trading PlatformsMetaTrader 4, MetaTrader 5, Exness Terminal (Web-based)IG Trading Platform (Web-based), MetaTrader 4, ProRealTime, L2 Dealer
Minimum Deposit$10 (Standard account)$250 (for non-US residents)
Account TypesStandard, Raw Spread, Zero, ProSpread Betting, CFD, Share Dealing, Forex Direct
Commission Fees$3.5 per side for Raw Spread accountsNo commission on Forex, CFDs on shares may incur commission
Deposit MethodsBank Wire, Credit/Debit Cards, e-wallets (Skrill, Neteller), CryptoBank Wire, Credit/Debit Cards, PayPal, Skrill
Withdrawal MethodsBank Wire, Credit/Debit Cards, e-wallets (Skrill, Neteller), CryptoBank Wire, Credit/Debit Cards, PayPal, Skrill
Deposit FeesNo deposit feesNo deposit fees
Withdrawal FeesNo withdrawal fees (except for certain payment methods)No withdrawal fees (except for international bank transfers)
EducationWebinars, Market Analysis, Articles, Economic CalendarWebinars, Market Analysis, Articles, Trading Academy, IG Community
Demo AccountYesYes
Customer Support24/7 Live Chat, Email, Phone24/5 Live Chat, Email, Phone
Regulated RegionsEU, UK, Asia, AfricaGlobal (with specific offerings for the US, UK, Australia, EU, and Asia)
Mobile TradingYes (via MetaTrader apps)Yes (via IG mobile app, MetaTrader 4)
Social TradingYes (via copy trading services)No direct social trading, but third-party integrations available
Additional FeaturesInstant withdrawals, Advanced risk management toolsAdvanced charting, Professional account options, Direct market access for shares
Trading Instruments CountOver 100+Over 17,000+
Account CurrenciesUSD, EUR, GBP, AUD, CAD, and multiple othersUSD, EUR, GBP, AUD, CAD, CHF, JPY, HKD, SGD, and more
Cryptocurrency TradingYes (including Bitcoin, Ethereum, Ripple, Litecoin, etc.)Yes (including Bitcoin, Ethereum, Ripple, Litecoin, etc.)
Execution SpeedUltra-fast execution (typically <0.01 seconds)Fast execution, but varies by market
Negative Balance ProtectionYesYes (for retail clients in regulated regions)
Order TypesMarket, Limit, Stop, Stop Loss, Take Profit, Trailing StopsMarket, Limit, Stop, Stop Loss, Take Profit, Trailing Stops
Islamic (Swap-Free) AccountsYes (available for certain account types)Yes (available for certain regions and account types)
Research ToolsEconomic Calendar, Trading Signals, Market Sentiment ToolsEconomic Calendar, Trading Signals, AutoChartist, Daily Reports
Risk Management ToolsStop Out, Margin Call, Negative Balance ProtectionStop Out, Margin Call, Guaranteed Stop Losses (for a premium)
Trading ContestsOccasionally availableNo trading contests
VPS HostingYes (for free on certain account types)Available for a fee
APIs for Algorithmic TradingYes (with support for MetaTrader API)Yes (REST and FIX APIs for advanced traders)
Advanced Charting ToolsMetaTrader’s in-built advanced charting featuresIG’s proprietary advanced charting tools, ProRealTime (for a fee)
Custom IndicatorsSupports custom indicators (via MetaTrader)Supports custom indicators (ProRealTime, MetaTrader 4)
Leverage CustomizationCan customize leverage on certain account typesLeverage limits vary by region, no specific customization
Social Media SupportActive on multiple platforms (Twitter, Facebook, Instagram)Active on multiple platforms (Twitter, YouTube, LinkedIn)
Affiliate/IB ProgramsYes (various affiliate/introducer broker programs)Yes (referral program and partnership options)
Webinars FrequencyRegular weekly webinarsRegular webinars and trading workshops
Security Features2-factor authentication, SSL encryption2-factor authentication, SSL encryption, segregation of funds
Customizable InterfaceYes (on MetaTrader platforms)Yes (on IG’s platform, MetaTrader, ProRealTime)
Professional AccountsYes (offering higher leverage and lower margins for professionals)Yes (professional accounts with added benefits like lower spreads)
Direct Market Access (DMA)NoYes (for professional clients on certain instruments like shares)
Corporate AccountsYes (offers accounts for businesses)Yes (offers accounts for businesses and institutional clients)
Spreads on Major IndicesVariable spreads (starting from 0.1 points on indices)Variable spreads (starting from 0.1 points on major indices)
Spreads on CommoditiesSpreads from 0.1 pips (varies by commodity)Spreads from 0.3 pips (varies by commodity)
Execution ModelMarket executionMarket execution (with Direct Market Access on certain products)
Scalping & Hedging AllowedYes (scalping and hedging allowed)Yes (scalping and hedging allowed)
Trading Hours24/5 trading (Forex and most markets)24/5 trading, extended hours for shares and indices
Weekend TradingLimited (only crypto)Yes, on cryptocurrencies, certain indices, and commodities
Tick ChartsAvailable via MetaTraderAvailable via IG platform and MetaTrader 4
Depth of Market (DOM)No (basic order book depth in MetaTrader)Yes (advanced DOM available for share CFDs and Forex Direct)
Volatility ProtectionAvailable as part of risk management featuresYes, including guaranteed stop-loss (with premium charge)
Custom Margin RequirementsNoYes (for professional accounts and certain products)
Auto Closeout LevelsYes (when margin level reaches a threshold)Yes (when margin level reaches a threshold)
Automated Trading FeaturesFully supported on MetaTrader (EAs and custom scripts)Supported via MetaTrader and ProRealTime
Support for Micro LotsYes (from 0.01 lots)Yes (from 0.01 lots)
Order Placement MethodsOne-click trading, pending orders, market executionOne-click trading, pending orders, market execution
RequotesNo requotes (due to market execution)No requotes (with fast execution, DMA available for certain assets)
SlippageCan occur during high volatilityCan occur during high volatility
Swap Rates (Overnight Fees)Varies by instrument and account type, free for swap-free accountsVaries by instrument, region, and account type
Interest on Free MarginNoNo
Client BaseOver 400,000 active clients globallyOver 239,000 active clients globally
Deposit Processing TimeInstant (for most methods)Instant (for most methods)
Withdrawal Processing TimeInstant for most methods, up to 24 hours for bank transfersTypically processed within 24 hours, varies by method
Asset Classes for DMAN/AForex, Shares (for professional clients)
Multi-Currency AccountsYes (can hold multiple currencies in one account)Yes (available for certain clients)
Fractional Share TradingNoYes (on certain shares and ETFs)
Tax Reporting AssistanceBasic transaction history reportingComprehensive tax reporting features, including capital gains report for share trading
Bonus & PromotionsOccasional promotions (varies by region)Limited or no promotions due to strict regulatory compliance
User Experience on MobileGood (MetaTrader apps with decent customization)Excellent (with proprietary IG app offering full platform functionality)
Backtesting FeaturesAvailable in MetaTrader (with EAs)Available in ProRealTime (advanced backtesting tools)
API DocumentationAvailable (for traders using MetaTrader APIs)Extensive API documentation for REST and FIX (advanced trading)
Spreads on SharesNot available (only CFDs on shares)Spreads starting from 0.1% on share CFDs
Partnership ProgramsYes (IBs, affiliates)Yes (IBs, affiliates, white-label partnerships)
News Feed IntegrationYes (via MetaTrader and Exness Terminal)Yes (via IG platform, including Reuters, DailyFX)
Chart TimeframesMultiple timeframes (1 minute to 1 month in MetaTrader)Multiple timeframes (including tick, second, minute, and daily charts)
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