IG vs Interactive Brokers (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
IG is a well-regarded forex broker that provides broad access to currency pairs, multiple trading platforms, and extensive research and education within a regulated framework. It emphasizes transparent pricing, diverse order types,…
Interactive Brokers is a well-regarded forex broker providing broad access to currency pairs, advanced trading platforms, and research and risk management tools. It supports multi-asset trading and a wide range of order…
IG (United Kingdom, founded 1974) holds 13 regulatory licences (ASIC, BaFin, BMA, CFTC, Deutsche Bundesbank…), 9 of them tier-1, offers MT4, Proprietary, ProRealTime and sits in our low-fee bracket. Interactive Brokers (United States, founded 1977) holds 15 regulatory licences (ASIC, CBI, CFTC, CIRO, CSSF…), 10 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 216 countries; IG is available in 14 countries where Interactive Brokers is not, and Interactive Brokers in 2 where IG is not.
Verdict at a glance
IG leads on track record, platform choice and country coverage.
Interactive Brokers leads on trust rank, regulatory coverage and tier-1 licences.
Level on instrument range and fee level.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Pros
IG
Tier-1 regulation (FCA, ASIC, NFA/CFTC) with segregated client funds
Competitive spreads and deep liquidity
Fast, reliable execution and high uptime
Advanced platforms (IG web/mobile, MT4, ProRealTime) with GSLO and advanced order types
Wide FX pair coverage and strong research/education
Interactive Brokers
Transparent commission-based FX pricing with tight spreads
Aggregated multi-bank liquidity (IDEALPRO)
Professional platforms (TWS) and institutional APIs (FIX/REST)
Advanced risk management with real-time margin analytics
Universal multi-asset account for FX hedging and settlement
Cons
IG
No MetaTrader 5 or cTrader support
Inactivity fee for dormant accounts
DMA/L2 access restricted to professional clients
Leverage capped by regional regulations
Market-maker model for retail accounts
Interactive Brokers
No MT4/MT5 support
Steep learning curve
Commission-based FX pricing
25k IDEALPRO minimum order size
Limited funding methods
Key features
IG
Top tier regulation and segregated client funds
Negative balance protection and guaranteed stop loss
CFDs spread betting and options on forex indices commodities shares and crypto
Advanced trading platforms IG web and mobile MetaTrader 4 and ProRealTime
Fast execution deep liquidity and competitive spreads
API and algorithmic trading support
Interactive Brokers
Agency model with direct market access to multiple liquidity providers
Spot forex and forex CFDs across major and minor pairs
Trader Workstation FXTrader with advanced order types and depth of market
Smart order routing and transparent interbank pricing with commissions
FIX and REST API support for algorithmic forex trading
Two factor authentication IB Key and top tier global regulation
Country availability: IG vs Interactive Brokers
Available at both (216): Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia and 176 more.
Only IG (14): Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya, Nauru, Nigeria, Sierra Leone, Somalia, South Sudan, Venezuela, Yemen, Zimbabwe.
Only Interactive Brokers (2): Belgium, United States of America.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, IG or Interactive Brokers?
IG is the older of the two, founded in 1974; Interactive Brokers was founded in 1977.
Are IG and Interactive Brokers available in the same countries?
They overlap in 216 countries. IG is additionally available in 14 countries (Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya and 8 more) and Interactive Brokers in 2 countries (Belgium, United States of America).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.