Basic data of broker
Recommended for Traders of any experience level looking for an easy-to-use trading platform
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
UK
USA
Fees
High trading fees, average non-trading fees
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
6
1
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1 day
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Trading platform
Markets and products
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Research, education
Great
Mid-range
Customer service
Security
£85k to UK, €20k to EU clients, CHF 100k to Swiss, and $0 to other clients
$500k (securities up to $500k, cash up to $250k)
£85k to UK, €20k to EU clients, CHF 100k to Swiss, and $0 to other clients
$500k (securities up to $500k, cash up to $250k)
1974
2010
UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
IG's service is on par with Merrill Edge's and a comparison of their fees shows that IG's fees are slightly higher than Merrill Edge's.
Account opening takes somewhat more effort at IG compared to Merrill Edge, deposit and withdrawal processes are more seamless at IG, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of IG as somewhat better than the platform of Merrill Edge, found that clients have access to more markets and products with IG, while Merrill Edge provides somewhat better research and education.