Which trading platform is best IG or Spreadex?

IG is the better trading platform when judged on our unique criteria set out below and in fact, IG beat Spreadex in all but one of these categories. Only losing out to its rival on customer reviews Compare these top two brokers side by side. Choose the best broker for your needs based on the price, features and trading platforms of both IG Index and Spreadex.

ig review
Visit IG
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Reviews
IG Total Markets
17000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
ETFs2000
IG Key Info
Number Active Clients313000
Minimum Deposit250
Inactivity Fee£12 per month
Founded1974
Public Company✔️
IG Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)✔️
Futures Trading
Options Trading
Investing Account✔️
IG Average Fees
FTSE 1001
DAX 301.2
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil0.28
UK Stocks0.001
US Stocks0.001
IG Alternatives
IG Versus CMC Markets
IG Versus Pepperstone
IG Versus Saxo Markets
IG Versus City Index
IG Versus Spreadex
IG Versus ETX Capital
IG Versus Markets.com
IG Versus Capital.com
IG Versus eToro
IG Versus Plus 500
Table last updated: 17th November 2021 3:55 pm

Spreadex review
Visit Spreadex
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Reviews
Spreadex Total Markets
10000
Forex Pairs54
Commodities20
Indices17
UK Stocks1575
US Stocks2110
ETFs160
Spreadex Key Info
Number Active Clients4000
Minimum Deposit0
Inactivity Fee0
Founded1999
Public Company
Spreadex Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Spreadex Average Fees
FTSE 1001
DAX 301.2
DJIA4
NASDAQ2
S&P 5000.6
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.4
Crude Oil3
UK Stocks0.002
US Stocks0.003
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
Spreadex Versus City Index
Spreadex Versus Saxo Markets
Table last updated: 24th November 2021 2:36 pm

Which trading platform has the best customer reviews?

Spreadex has overall better customer reviews compared to Spreadex using the Good Money Guides unique multifactor rating system with an overall score of 4.125 out of 5.0 versus IG’s score of 4.05 out of 5.0.

Spreadex has the highest rating out of the two brokers in our Good Money Guide reviews, and in reviews in the Google App store.

Though the two firms have exactly the same scores in TrustPilot reviews and those in the Apple App store.

Find out why customer reviews are important

 

Which trading platform offers the most markets?

IG offers the most markets with 17,000 instruments available to trade versus the 10,000 instruments offered at Spreadex.

Spreadex has the largest range of FX pairs and offers a bigger selection of equity indices than IG. However, IG offers more commodities and individual equities for clients to trade than Spreadex.

Find out why market access is important

 

Which trading platform offers the most platforms?

IG offers the most trading platforms with 5 dealing systems available to its clients. These include a dedicated in-house desktop trading platform, a so-called progressive web app, that can be opened and operated on any device, the Metaquotes MT4 platform, and a dedicated equity trading platform called L2 dealer.

Spreadex offers its in-house trading platform in desktop and mobile configurations.

Find out why trading platforms are important

 

Which trading platform offers the most different types of account?

IG’s trading platform offers more account types compared to Spreadex. It has dedicated CFD, FX and Spread Betting accounts and it also offers share trading and investment accounts, as well as prime brokerage and institutional services. Spreadex offer accounts to trade CFDs and FX, alongside a Spread Betting account

Find out why account types are important

 

Which trading platform is a more established business?

IG is a more established business than Spreadex having been founded in 1974, it’s a quoted company listed on the LSE and a member of the FTSE 250 index. Spreadex, which is a private company, was founded in 1999.

Find out why a trading platforms history is important

 

Which trading platform has the lowest trading costs?

IG has lower overall trading costs compared to Spreadex. However, Spreadex had narrower average spreads in commodities and FX than those offered at IG. IG has tighter spreads on equity indices and, lower costs when it comes to trading in individual US equities too.

Find out why trading costs are important

 

Which trading platform offers the most margin?

IG offers the most margin and the brokers professional clients can trade with leverage ratios of up to 222:1 versus the maximum leverage for professional clients available at Spreadex of 200:1.

Both brokers apply the FCA/ESMA margin restrictions to retail clients accounts these are the highest permissible levels of margin available to retail traders in the UK and Europe under current legislation

Find out why leverage and margin are important

 

Which trading platform offers the lowest overnight financing rates?

IG has lower overnight financing rates in those instruments where a direct comparison with Spreadex is possible. For example, IG charges LIBOR +/2.50% on positions held open overnight in UK equities, whilst Spreadex charges LIBOR +/- 3.0%.

Find out why overnight financing rates are important

 

Which trading platform offers the most added value?

IG offers the most added value scoring 6.0 out of 6.0 in this category compared to the Spreadex score of 5.0. Both brokers offer personal service, educational resources, research and market analysis, alongside news feeds and charting software. However, only IG offers client sentiment and positioning tools to its customers.

Find out why added value is important

 

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