IG vs XTB: comparing trading tools, assets, fees, and more

IG is a broker with over 45 years of experience and is considered a trailblazer in online trading: over 310,000 users in more than 16 countries around the world utilise IG to access over 17,000 financial markets.

XTB is an online trading broker that has been operating since 2002 and is regulated by the Polish Financial Supervision Authority (KNF). It is also listed on the Warsaw Stock Exchange.

Over time, XTB has emerged as a global leader with offices in more than 13 countries worldwide. In this article, we will examine the products, services, and commissions of the two brokers by comparing IG and XTB.

IG vs XTB: which one to choose?

 IGXTB
🌎 RegulationFCA (UK)FCA (UK)
💰 Minimum depositNo minimum for bank transfers
£250 for PayPal, cards
£0
📈 ProductsSpread betting, CFDs, real sharesCFDs on many assets, including stocks, ETFs, and forex
🕹️ Demo accountYesYes
 IG ReviewXTB Review

IG was founded in England in 1974. The broker was founded by Stuart Wheeler and initially had only 3 employees. The original name was IG Index, where IG stood for Investors Gold.

Today, the company is based in London and over the years it has become known for important innovations in online trading. The most famous of these is the first online spread betting platform in 1998 and the first Apple Watch trading app in 2015.

Founded in 2002, X-Trade was the first leveraged currency trading company in the Polish market. The company rebranded into X-Trade Brokers in 2004 to comply with new Polish regulations. It then changed its name to its current XTB Online Trading (XTB) in 2009 and was listed on the Warsaw Stock Exchange in 2016 with the symbol XTB.

As it continues to enter the competitive and ever-evolving world of online brokerage, XTB currently provides access to a variety of markets such as forex, stocks, indices, ETFs, commodities, and many more. The company is regulated in the UK and registered with the Financial Conduct Authority (FCA number 522157) and the Polish Financial Supervision Authority (KNF). Like many forex brokers, XTB does not accept US traders.

XTB's flagship service is a web platform called xStation 5. The platform has a functional mobile application that includes XTB's entire online offering to consumers. Although the additional costs are comparable to industry standards, XTB's low spreads are hard to ignore, as it clearly differentiates it from the competition.

Security and regulations: XTB Vs IG

The funds and assets of IG are held in separate bank accounts, with the customer being the beneficiary, thus being separate from IG's own funds.

In addition, in accordance with the applicable customer funds protection regulations, IG only uses its own funds for hedging operations and does not use customer funds to cover against counterparties or other intermediaries. Therefore, if IG is liquidated, any creditor will not be able to reclaim customer funds.

XTB holds all the required licenses for financial settlement services in the UK and Europe. In fact, as you can see below, XTB is licensed by various agencies:

  • Poland KNF (Komisja Nadzoru Finansowego) has received the DDM-M-4021-57-1/2005 license
  • CySEC: License no. 169/12
  • FCA: license number 522157

Which one is the best: XTB or IG?

First of all, before signing up for a brokerage account, it is essential that you ensure that your money is in safe hands.

Be aware of the risks that come with trading and investing. Financial markets can be volatile and investments can go down as well as up. It's indicated to make full use of all the educational resources XTB and IG have to offer and use financial research tools to make data-driven decisions. If you are new to trading, it's best to sign up for a demo account with XTB and IG before depositing real cash.

Overall, it's important to have a closer look at XTB and IG to decide which one is better.

Products: IG UK vs XTB

 IGXTB
📈 ProductsSpread betting, CFDs, real sharesCFDs on many asset classes

Products: IG

Broker IG was historically born as a forex and CFD broker. Over the years, however, it has enriched its range of tradable products. IG is a rather complex broker, which does not only offer spread betting and CFDs on a variety of assets but has a few specialised offerings that include futures and even options.

The financial products offered by IG brokers are:

  • Stocks (over 17,000 global stocks to choose from)
  • Indices (over 80 tradable indices)
  • Forex (over 90 currency pairs available)
  • Commodities
  • ETFs (over 5,400 ETFs available)
  • Futures
  • Bonds and interest rates (4 short-term global rates available)

Products: XTB

Forex

The main strength of XTB is trading in the forex market. The broker provides access to over 55 currency pairs and leverage of up to 1:30 (maximum limit as per FCA regulations).

For CFD and Forex trading, XTB offers spreads from 1 pip and a very wide range of assets. For CFD and Forex trading, XTB offers spreads from 0.35 pips and a very wide range of assets.

Indices

Not all brokers offer such a wealth of indices to invest in. However, XTB gives its customers the opportunity to trade (through CFDs) with over 30 indices around the world.

Commodities

Trading with commodities is not a common feature for many online brokers. Many usually offer only important products such as gold, silver, and oil. However, XTB provides access to more than 25 commodities, including natural gas, gold, and cocoa, among others.

ETFs

Finally, XTB offers over 150 ETFs to trade. For more information on XTB and its offerings, check out this in-depth XTB review.

Costs and commissions: IG UK Vs XTB

 IGXTB
💰 CostsAverageLow
💵 Inactivity Cost£12 per month£10 per month
💵 Withdrawal CostNoNo

Costs and commissions: IG

IG's cost structure is rather complex. There are different spreads, commissions, and other fees to be aware of, depending on your chosen account type and asset to trade. For a full breakdown of IG's costs, have a look at this IG review.

Overall, if you open a share-dealing account, you can enjoy some competitive fees. For example, the commission on US stocks is £0. However, when dealing with foreign assets, you will have to cover the currency conversion fee. For UK stocks, the commission is £3.

In general, IG boasts low spreads of 0.6 pips for forex and CFDs. Indices may come with a slightly higher spread – for instance, the minimum spread for FTSE 100 is 1 pip.

Costs and commissions: XTB

XTB has a clearer cost structure and charges no commissions. However, there is a minimum trade size that depends on your chosen assets and markets (i.e., min. $50 for US stocks and min. £100 for UK stocks).

In general, XTB only charges spreads and swap fees (if positions are held overnight). Check out this XTB review for a full breakdown of its costs and fees.

IG trading platforms vs XTB trading platforms

IG trading platforms

One of the main features of the IG broker is the ability to trade on multiple platforms.

The broker, in fact, uses four proprietary platforms in addition to compatible platforms where accounts can be linked.

There are four proprietary types of software:

  • The IG Trading web platform
  • The L2 Dealer for more experienced customers
  • The IG Trading app
  • The progressive web app (PWA)

There are also external platforms that can connect to the account, these are:

  • MetaTrader4
  • ProRealTime
  • API

IG Trading web platform

You can open several accounts in IG and you also have an IG demo account. The IG Trading web platform does not require downloading any software. In fact, to access it, simply log in directly from the broker's website after registering the account.

  • The IG platform is professional and easy to use. Users can customise layouts and themes, as well as activate price alerts and use indicators.
  • You can also create a Favorites list in the Watchlist section to select the products you want to monitor.
  • There is also a news section with all the Reuters news with personalised content.
  • Then there is the Economic Calendar feature, which refers to the IG page that contains all the most important economic events.
  • There are multiple types of orders, including market orders, guaranteed stop-loss orders, and trailing stop-loss orders.
  • IG also offers a section dedicated to charts that facilitates technical analysis.

IG Trading mobile application

  • Compatible with Android and iOS, the IG Trading app is the ideal solution for those who prefer to trade anywhere from a smartphone rather than from a computer.
  • The IG Trading app is available for smartphones and tablets and provides all the basic functions of the web platform.
  • The application is easy to use and particularly intuitive. Use the app to place orders, set alerts, and view charts in a fraction of the time.

XTB platform: xStation

XTB provides an online trading platform: xStation, a proprietary platform managed and maintained by XTB. The platform can be used by investors of all levels, from beginners to experts.

Available in web-based, desktop and mobile versions (respectively xStation 5 and xStation Mobile), it is one of the most advanced and complete proprietary platforms available, especially for scalping strategies.

It has a very simple and well-organised interface and, despite all the cutting-edge features, it is at the same time designed to be easy to understand, even for the less experienced. The tools are displayed on the left and at the bottom we have an order description, open positions, as well as overall account balance and margin.

The platform is highly customisable, so the configuration of the elements and the workspaces can be modified according to your style and preferences.

Next, you can view market news, economic calendar, market statistics and analysis and all the important details, especially for those who are involved in news trading.

One-click trading is available, so you can simply select the desired setting from the list, set the quantity and press the “Sell” or “Buy” button to make a new order. Alternatively, you can place an order directly from the chart, or in a classic way, by selecting the asset and opening the details window.

Withdrawal and deposit: IG vs XTB

After registering an account, you can make your first IG deposit to verify your identity. For this reason, it must be done by bank transfer, which is free of charge. Subsequent deposits can instead be made by bank transfer, credit card or PayPal, but the last two payment methods have a limit of a minimum of £250.

You can deposit or withdraw money from your XTB account via bank transfer, credit card and electronic wallets (Paypal, Skrill, Neteller and PayU). XTB does not charge deposit fees. However, deposits made via credit card or bank transfer may be charged by the bank or the issuer of the credit card.

IG does not charge any withdrawal fees. XTB charges withdrawal fees only if you withdraw less than £50.

Why is IG convenient?

The advantages of opening a live account with IG include:

  • It is an online trading platform and does not require downloading.
  • Trade online anytime and anywhere with free apps for mobile and tablet devices.
  • Full access to over 17,000 financial markets.
  • Fund your account via credit card or debit card or bank transfer.
IG

Why is XTB convenient?

XTB is a reliable brand that offers:

  • A wide selection of tradable assets
  • Exceptional customer service and a competitive research section
  • A unique set of proprietary trading platforms, xStation, with innovative features
XTB

With lower costs, XTB deserves careful consideration for forex and CFD trading in 2021. XTB offers the best products in the industry for beginners and stands out for its ease of use.

Differences between IG and XTB

There are several differences between the two brokers, here we summarise the most important ones:

  • The payment methods are slightly different
  • XTB charges no commissions compared to IG
  • IG's offering is rather more complex and may benefit advanced traders better than beginners

IG vs XTB: Trustpilot

The two brokers have a substantial number of satisfied customers. IG enjoys a notably higher number of reviews, and its clientele, primarily traders, appreciate the wide range of platforms available for trading. Similarly, in the case of XTB, users' compliments are primarily directed towards the proprietary platform, xStation, and the company's commitment to professionalism.

IG reviews

XTB reviews

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Summary: XTB vs IG

IG is a broker that uses platforms and tools suitable for savvy traders. Beginners may have a harder time navigating all types of accounts, fees, and trading platforms, but may find a more suitable choice by checking out the best brokers for beginners.

Another advantage is the wide range of trading products, particularly the share-dealing account that allows you to invest in shares, and there is also an option to buy ready-made smart portfolios, a feature offered only by some of the best copytrading brokers. These are suitable for beginners or for active investors.

XTB is a reliable brand that offers a wide selection of tradable assets, exceptional customer service, competitive research and a unique set of proprietary trading platforms, xStation, with innovative features. XTB has more intuitive account types and charges no commissions, just like the best commission-free brokers, but you need to check the trade limits before placing an order (i.e., at least $50 for US stocks).

👍 XTB Advantages👍 IG Advantages
No minimum depositReliable and secure with over 45 years of experience
It offers a very wide selection of assets to trade withEasy-to-use proprietary platforms plus external platforms to operate with
Access to xStation 5, a cutting-edge trading platformIdeal for both traders and investors
👎 XTB Disadvantages👎 IG Disadvantages
CFD trading only (no real assets)Minimum deposit of £250 for cards and PayPal
Does not allow social trading or copy tradingCost structure is complex
Inactivity costs Inactivity costs

Frequently asked questions: XTB Vs IG

What types of financial instruments can I trade with XTB and IG?

Both XTB and IG offer a diverse range of financial instruments for trading. XTB provides access to various asset classes, including stocks, indices, commodities, and forex. Similarly, IG offers a wide selection of financial markets, such as shares, indices, commodities, forex, and more.

How do the trading fees and commissions compare between XTB and IG?

XTB and IG have different fee structures. XTB generally charges spreads on trades, which vary depending on the asset class. On the other hand, IG offers both spread-based and commission-based pricing options. It's important to compare the specific fees for the assets you intend to trade, as the costs may vary between the two brokers.

Are XTB and IG regulated and considered safe for trading?

Yes, both XTB and IG are regulated entities, ensuring a level of safety for traders.

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