IG Markets Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of IG Markets Forex Brokers and alternatives with lower fees and more security. Unbiased IG Markets Alternatives reviews.
So which brokers are better than IG Markets? Want to jump straight to the answer? OspreyFX is the best alternative broker to IG Markets in 2024 .

2.6 / 5

Rating breakdown

Security
40%
2.0/5
Ease of Use
100%
5.0/5
Tradable Assets
20%
1.0/5
Deposit and withdrawal
40%
2.0/5
Trading Fees
20%
1.0/5
Support
90%
4.5/5

Things we didn't like:

 Trading fees are high, especially when you trade with lower amounts
 The product portfolio is limited
 IG has limited research tools

Why would you want an alternative to IG MARKETS?

Considering an alternative to IG might be warranted due to several limitations. While IG boasts an industry-leading web platform, its lack of predefined layouts necessitates manual configuration, which can be inconvenient for traders seeking a more streamlined experience. Despite offering MetaTrader 4 (MT4) with premium add-ons like FX Blue and Autochartist integration, IG provides access to only around 80 tradeable instruments on this platform, which is significantly fewer than some competitors. Moreover, IG does not support MetaTrader 5 (MT5), which offers more advanced features compared to MT4, potentially limiting functionality for traders who require these advanced tools. Additionally, IG does not offer copy trading, which can be a drawback for traders interested in replicating trading signals from successful investors.

What to look for in a IG MARKETS Alternative?

When seeking an alternative to IG, prioritize brokers that offer user-friendly platforms with predefined layouts or customizable options to streamline your trading experience. Look for brokers that provide a wider range of tradeable instruments across multiple platforms, especially if you require access to a diverse set of markets. If you prefer advanced trading features, consider brokers that support MetaTrader 5 in addition to MetaTrader 4, allowing you to utilize more sophisticated tools for analysis and trading. For those interested in copy trading, opt for brokers that offer this feature to replicate trading strategies from experienced traders. By focusing on these aspects, you can find a broker that better aligns with your trading preferences and offers a more comprehensive and flexible trading environment than IG.

Best IG MARKETS alternatives – forex brokers like (or better than) IG MARKETS

Best IG Markets Alternatives

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
OspreyFX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

IG Markets Alternatives Frequently Asked Questions (FAQs):

Are there any sites like IG Markets?
Yes, there are many sites offering similar services like IG Markets. Those include OspreyFX, CMC Markets, Thorfx and many more. If you are to look for an alternative to IG Markets for your forex trading needs, then you must make sure it is one with a better offering.
Who are IG Markets Top Competitors?
IG Markets 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

Are you Satisfied with what They Offer?