CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG Key Features
|Founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 195,000. IG has offices in Dusseldorf, Geneva, Madrid, Milan, Paris, Stockholm, Shanghai, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai.
|IG Reviews||IG Client Reviews
IG Expert Review
|Exclusive Interview||No - see other broker CEO interviews|
|Platforms||IG Trading Platform, MT4, L2 Dealer & APIs|
|IG Updates||Latest IG News, Views, Reviews & Guides|
|Account Types||Spread betting, CFDs, Forex, Stocks, ISA & SIPP, Prime Brokerage|
|Spread Types||Fixed or variable|
|Funding Methods||Cards, PayPal, Bank transfer
|Customer Support||Phone, email, livechat|
|Execution Type||STP, Hedged, DMA, Internally matched|
|FTSE 100 Pricing||1 point|
|Germany 30 Pricing||1 point|
|Wall Street Pricing||1.6 points|
|Bitcoin Pricing||30 points|
|Ether Pricing||5 points|
|EURGBP Pricing||0.9 points|
|EURUSD Pricing||0.6 points|
|GBPUSD Pricing||0.9 points|
|Gold Pricing||0.3 points|
|Oil Pricing||3 points|
|FCA Regulated||Yes - See status|
|Listed PLC||Yes (LSE) See IG share price|
|Inactivity Fee||£12 per month after 24 months|
|Overnight Funding Rates||2.5% +/- Libor|
|IG Alternatives||IG Versus ETX Capital
IG Versus Core Spreads
IG Versus Plus 500
IG Versus Spreadex
IG Versus Saxo Capital Markets
IG Versus City Index
IG Versus Forex.com
IG Versus Pepperstone
IG Versus XTB
IG Versus eToro
IG Versus ayondo
IG Versus CMC Markets
CMC Markets Key Features
|CMC Markets are clearly one of the better spread betting brokers. Like IG, they have been around for ages and stand out primarily because of their investment in trading systems. The company started off as Deal4Free back in the old days and won a lot of business from competitors because of tights spreads on the most liquid markets.
|CMC Markets Reviews||CMC Markets Client Reviews
CMC Markets Expert Review
|CMC CEO Interview||Peter Cruddas CEO & Founder|
|Platforms||CMC Markets trading platform MT4, Iress Viewpoint, SmartTrade WebTrader & APIs
|CMC Markets Updates||Latest CMC News, Views, Reviews & Guides
|Min Deposit||No minimum|
|Account Types||Spread Betting, CFDs, Forex, Prime Brokerage|
|Spread Types||Fixed and variable|
|Funding Methods||Credit or debit card, bank transfer, PayPal (coming soon)|
|Customer Support||Phone, email and messenger|
|Execution Type||Internally matched, DMA, STP|
|UK 100 Pricing||1 point
|Germany 30 Pricing||1 point
|Wall Street Pricing||1.4 points
|Bitcoin Pricing||60 points
|Ether Pricing||6 points
|EURGBP Pricing||1.1 points|
|EURUSD Pricing||0.7 points
|GBPUSD Pricing||0.9 points
|Gold Pricing||0.3 points
|Oil Pricing||3 points
|FCA Regulated||Yes - See status|
|Professional Accounts||Yes - CMC Pro|
|Listed PLC||Yes (LSE) See CMC Markets share price|
|Inactivity Fee||£10 per month after 24 months
|Overnight Financing Rates||2.5% +/- Libor
|CMC Markets Alternative Brokers||CMC Markets Versus IG
CMC Markets Versus ETX Capital
CMC Markets Versus Core Spreads
CMC Markets Versus Plus 500
CMC Markets Versus Spreadex
CMC Markets Versus Saxo Capital Markets
CMC Markets Versus City Index
CMC Markets Versus Forex.com
CMC Markets Versus Pepperstone
CMC Markets Versus XTB
CMC Markets Versus eToro
CMC Markets Versus ayondo
IG Versus CMC Markets - the great rivalry
We take a look at the the two biggest spread betting brokers and who should win the battle between IG versus CMC Markets for your brokerage trading.
How long have they been around?
Both IG and CMC are old City faces. IG was founded in 1974 and CMC Markets shortly afterward in 1989. Both spread betting brokers lead the industry in terms of innovation and market share in the UK and are both gradually expanding abroad. Both CMC and IG are well-established players with good reputations.
How tight are their spreads?
CMC is better for pricing as as they have always focused on the more liquid instruments like FX and Indices. CMC also have slightly better pricing on stocks - the spreads tend to be about 10 basis points (that 0.1% to you and me) wider than the underlying market in FTSE 100 stocks. IG is certainly competitive but if you are seeking tight spreads CMC is the better option.
Trading platform choice
IG offer more variety and have the best trading platform in the industry in terms of market coverage, innovation, sentiment tools, charting and ease of use. IG also MT4 as an option.
CMC's trading platform has always been a little more aggressive. Black background, lots of dials, a bit more like the professional data platform Bloomberg looks and as such as there to make private clients feel a bit more professional.
High Volume Rebate schemes
Nothing on offer from IG. CMC have a high volume rebate program in place for high volume traders. So at the end of the month if you do enough business you get a percentage of your trading costs back.
How broad is the market range?
IG offer more markets (10,000) and are much better at giving clients access to smaller cap stocks. CMC tend to focus on the more liquid markets but do still offer around 9,500 instruments to choose from. Most clients only trade about 15 assets anyway to this is almost irrelevant. But it's good to know they are there if you ever want a punt on something obscure.