Intertrader vs IG Index

Intertrader or IG Index – which is better for UK traders 2024? Compare Intertrader and IG Index in this detailed breakdown of their platforms, features and fees.

Intertrader vs IG Index Comparison Table 2024
Intertrader IG Index
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4.7
Intertrader is ranked #91 among CFD brokers. IG Index is ranked #36 among CFD brokers.
Review
Review
Choose from a multitude of trading platforms and instruments at Intertrader. Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Pros
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities.
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for trading, while IG has also added TradingView integration.
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
Cons
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients.
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests.
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors.
Awards
  • Best Spread Betting Provider 2019 - COLWMA
  • Spread Betting Provider of the Year 2018 - MoneyAge
  • Value for Money 2018 - UK Leverage Trading Report
  • Spread Betting Provider of the Year 2017 - MoneyAge
  • Best CFD Provider 2016 - FX Empire
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, indices, shares, commodities, futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$500 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
Gibraltar Financial Services Commission & Limited Regulation under the FCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Mobile Apps
Yes iOS & Android
Trading App

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
iOS App Rating
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4.6
Android App Rating
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4
Margin Trading
No Yes
Margin Rate
2.5%
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Gold
  • Copper
  • Oil
  • Palladium
  • Silver
  • Sugar
  • Coffee
  • Wheat
  • Natural Gas
  • Soybeans
  • Orange Juice
  • Nickel
  • Steel
  • Iron
  • Precious Metals
  • Aluminium
  • Lithium
  • Cannabis
  • Lean Hogs
  • Cattle
CFD
Intertrader offers leveraged CFDs in multiple financial markets. IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience.
Leverage
1:30 (Retail), 1:200 (Pro) 1:30 (Retail), 1:222 (Pro)
FTSE Spread
N/A 1.0
GBPUSD Spread<
1.2 0.9
Oil Spread
3 2.8
Stocks Spread
Variable 0.02
Forex
Buy and sell major, minor and exotic currency pairs at Intertrader. IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
Assets
45 80+
GBPUSD Spread
1.2 0.9
EURUSD Spread
0.6 0.8
EURGBP Spread
0.9 0.9
Currency Indices
  • USD
Intertrader IG Index
Review
Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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