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.
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Total Markets
IG Key Info
|Number Active Clients||313000|
|Inactivity Fee||£12 per month|
IG Account Types
|DMA (Direct Market Access)||✔️|
IG Average Fees
|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|
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Total Markets
Spreadex Key Info
|Number Active Clients||4000|
Spreadex Account Types
|DMA (Direct Market Access)||❌|
Spreadex Average Fees
|Compare Alternatives||Spreadex Versus IG|
|Spreadex Versus CMC Markets|
|Spreadex Versus Pepperstone|
|Spreadex Versus City Index|
|Spreadex Versus Saxo Markets|
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.
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.
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.
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
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.
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.
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
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%.
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.