IG vs Rakuten Securities compared

Online brokers compared for fees, trading platforms, safety and more. See how IG stacks up against Rakuten Securities!

IG
Rakuten Securities
79% of retail CFD accounts lose money
74-89% of retail CFD accounts lose money

Last update of dataDec 2022

IG

IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.

Recommended for traders of any experience level looking for an easy-to-use trading platform.

Rakuten Securities

Rakuten Securities is a forex and CFD broker regulated by Australia's ASIC. Its parent company Rakuten is listed on the Tokyo Stock Exchange.

Recommended for forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform.

IG's service is on par with Rakuten Securities's and a comparison of their fees shows that IG's fees are similar to Rakuten Securities's.

Account opening takes somewhat more effort at IG compared to Rakuten Securities, deposit and withdrawal processes are about the same quality at IG, while customer service quality is similar to Rakuten Securities's.

Our experts rated the trading platform of IG as better than the platform of Rakuten Securities, found that clients have access to much more markets and products with IG, while Rakuten Securities provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.6

Recommended for Traders of any experience level looking for an easy-to-use trading platform

Overall Score
4.2

Recommended for Forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform

Country of origin

UK

Country of origin

Japan

Fees

Fees score
3.5
Fees score
3.8
Fees summary

High trading fees, average non-trading fees

Fees summary

Low trading fees, average non-trading fees, low forex and CFD 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

Deposit and withdrawal score
4.5
Deposit and withdrawal score
4.3
Number of base currencies

6

Number of base currencies

4

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$50

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
5.0
Web platform score
-
Mobile platform score
5.0
Mobile platform score
3.8
Desktop platform score
-
Desktop platform score
3.4

Markets and products

Markets and products score
4.7
Markets and products score
1.3
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 79% 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.

CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
3.5
Research score
1.8
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
3.0
Demo account
Demo account

Customer service

Customer service score
4.6
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries

Investor protection amount

No protection

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1974

Foundation date

1999

Country of regulation

UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

Country of regulation

Australia

No withdrawal fee limit

-

No withdrawal fee limit

-

Minimum deposit via bank transfer

-

Minimum deposit via bank transfer

-

Recommended min deposit by broker

-

Recommended min deposit by broker

-

IG

For detailed information and hands-on experience, read our review of this broker.

Rakuten Securities

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

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