IG Group vs FxOpen 2026: Which Broker is Better?
Choosing between IG Group and FxOpen depends on your trading style, preferred markets, and budget. IG Group is headquartered in London, UK. IG Group has the longer track record, established in 1974, compared to FxOpen which was founded in 2005. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IG Group
FxOpen
| IG Group | FxOpen | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.7/5 |
| Min. Deposit | $250 | $1 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, cTrader |
IG Group is the better choice overall, scoring 4.3/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowIG Group vs FxOpen: Key Differences
IG Group
WinnerFxOpen
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Fees Comparison
IG Group
FxOpen
Regulation & Trust
IG Group holds licences from FCA, ASIC, MAS. FxOpen is regulated by FCA, ASIC.
Markets & Assets
Both brokers offer access to Cfd, Forex, Indices, Commodities markets. IG Group additionally covers Stocks. FxOpen adds Crypto.
Fees & Spreads
On spreads, FxOpen is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at IG Group.
Trading Platforms
IG Group supports Proprietary Web, Proprietary Mobile, MT4. FxOpen offers MT4, MT5, cTrader. Both brokers are available on MT4.
Minimum Deposit
IG Group requires a minimum deposit of $250, while FxOpen sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IG Group at 4.33/5 and FxOpen at 3.66/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IG Group leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IG Group
4.3/5
Choose IG Group if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- More regulatory licences (4)
- More market types (6)
FxOpen
3.7/5
Choose FxOpen if you want…
- Tighter spreads (from 0 pips)
- Lower minimum deposit ($1)
- Higher leverage (up to 1:500)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both IG Group & FxOpen are available in
Frequently Asked Questions
1Is IG Group better than FxOpen?
IG Group scores higher overall on our independent rating system. IG Group holds a 4.3/5 rating vs FxOpen's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, IG Group or FxOpen?
IG Group offers spreads from 0.6 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IG Group vs FxOpen?
IG Group requires a minimum deposit of $250. FxOpen requires $1.
4Which broker is safer, IG Group or FxOpen?
IG Group is regulated by FCA, ASIC, MAS, SEC, while FxOpen holds licences from FCA, ASIC.
5What trading platforms do IG Group and FxOpen support?
IG Group supports Proprietary Web, Proprietary Mobile, MT4. FxOpen supports MT4, MT5, cTrader.
6Can I use both IG Group and FxOpen?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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