FXTM (ForexTime) vs IG
Can't decide between FXTM (ForexTime) and IG? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 27, 2026
Executive Summary
FXTM (ForexTime) and IG are both well-established forex brokers, but they serve different types of traders. FXTM (ForexTime) scores 80/100 in our TrustMetrics™ system, while IG leads with 99/100.
On pricing, FXTM (ForexTime) offers tighter EUR/USD spreads (0.1 pips vs 0.7 pips). FXTM (ForexTime) supports MT4, MT5, FXTM Trader App while IG offers IG Platform, MT4, ProRealTime, L2 Dealer, giving IG more platform options.
For regulation, FXTM (ForexTime) holds licenses from CySEC, FCA, FSCA, FSC while IG is regulated by FCA, ASIC, CFTC, MAS. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
IG scores higher in our TrustMetrics system (99/100) compared to FXTM (ForexTime) (80/100), making it the safer choice.
Lowest Spreads
FXTM (ForexTime) offers better pricing with an average EUR/USD spread of 0.1 pips, beating the 0.7 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $10, FXTM (ForexTime) is the more accessible option for new traders.
Detailed Comparison
| Feature | FXTM (ForexTime) | IG |
|---|---|---|
Trust Score Our proprietary safety rating based on regulation and track record. | 80/100 | 99/100 ✓ |
Spreads From The lowest possible spread available on their premium accounts. | 0.0 pips | 0.6 pips |
Avg EUR/USD Spread The typical spread experienced during normal market hours. | 0.1 pips ✓ | 0.7 pips |
| Commission | $0.4-2/lot on Advantage | $0 |
Execution Speed The average time it takes for an order to be filled. | < 25ms | 22ms |
| Max Leverage | 1:2000 | 1:200 |
| Minimum Deposit | $10 ✓ | $250 |
| Instruments | 1,100+ | 17,000+ |
| Account Types | Micro, Advantage Plus, Advantage | CFD, Spread Betting, DMA |
| Platforms | MT4, MT5, FXTM Trader App | IG Platform, MT4, ProRealTime, L2 Dealer |
| Top Regulators | CySEC, FCA, FSCA, FSC | FCA, ASIC, CFTC, MAS |
Withdrawal Speed The average processing time before funds hit your account. | 1-2 business days | 1-3 business days |
Inactivity Fee Fees charged if you do not place any trades for a specific period. | $5/month after 6 months | $18 per month (after 24 months) |
| Customer Support | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
Which Broker Should You Choose?
Choose FXTM (ForexTime) if...
- ✓You want to start with a very low minimum deposit
- ✓You need the tightest possible spreads for scalping
- ✓You value emerging markets and african traders
Choose IG if...
- ✓You need access to a massive range of instruments
- ✓You are a beginner and value education and simplicity
- ✓Maximum regulatory protection is your top priority
FXTM (ForexTime) Overview
Advantages
- ✓ CySEC and FCA regulated — strong Tier-1 regulatory backing
- ✓ Advantage account offers 0.0 pip spreads with ultra-low $0.4-2/lot commission
- ✓ Exceptional localized service for Africa, Middle East, and Asia — including M-Pesa payments
- ✓ Micro account with $10 minimum — extremely accessible for beginners
- ✓ Strong educational content with webinars, seminars, and localized learning materials
Drawbacks
- × Offshore entity (FSC Mauritius) has weaker regulation for some clients
- × 1:2000 leverage only available on offshore entity — risky for beginners
- × No cTrader or TradingView support
- × Stock CFD selection is limited to 250+ instruments
- × Spreads on Micro account are wider than ECN alternatives
IG Overview
Advantages
- ✓ Unmatched regulatory trust with 6+ Tier-1 licenses
- ✓ Massive selection of 17,000+ tradable instruments
- ✓ World-class educational resources (IG Academy)
- ✓ Premium proprietary trading platform with guaranteed stops
Drawbacks
- × No MT5 platform available
- × Spreads can be wider than raw ECN competitors
- × High minimum deposit for bank transfers
Algorithmic Deep Dive
Data Updated: Aug 2026🛡️ Safety & Regulation
Tier-1 Licenses
💸 Pricing Economics
⚡ Technical Capabilities & Execution
Platform Support
- MT4✓✓
- MT5✓✗
- cTrader✗✗
- TradingView✗✗
FXTM (ForexTime) Execution
FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader mobile app. MT4 is available for the Micro account, while MT5 is the primary platform for Advantage accounts and offers depth of market, more timeframes, and better charting than MT4. The FXTM Trader app is a simplified mobile experience with one-tap execution — useful for beginners but limited for advanced traders. There's no cTrader, TradingView, or proprietary desktop platform. During testing, execution was stable with order fills averaging under 25ms on the Advantage account.
IG Execution
Their proprietary web platform is exceptional. We used it exclusively for a month and found its charting tools and guaranteed stop-loss features (which protect you from catastrophic slippage) to be industry-leading. If you prefer MetaTrader, MT4 is available, though oddly, MT5 is missing from their lineup.
The Bottom Line: FXTM (ForexTime) vs IG
- ✓ Emerging Markets
- ✓ African Traders
- ✓ Ultra-Low Commissions
- ✓ Localized Service
- ✓ Beginner Accessibility
- ✓ Tighter EUR/USD spreads (0.1 pips)
- ✓ Lower minimum deposit ($10)
- ✓ Instrument Variety
- ✓ Regulatory Trust
- ✓ Research
- ✓ UK Traders
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
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