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 | 80/100 | 99/100 |
| Spreads From | 0.0 pips | 0.6 pips |
| Avg EUR/USD Spread | 0.1 pips | 0.7 pips |
| Commission | $0.4-2/lot on Advantage | $0 |
| Execution Speed | < 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 | 1-2 business days | 1-3 business days |
| Inactivity Fee | $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) Pros & Cons
Pros
- ✓ 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
Cons
- × 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 Pros & Cons
Pros
- ✓ 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
Cons
- × No MT5 platform available
- × Spreads can be wider than raw ECN competitors
- × High minimum deposit for bank transfers
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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