CommSec vs IG

CommSec vs IG Comparison Table 2024
CommSec	IG
Review Not Yet Rated	Review 4.7 IG is #5 in our CFD broker rankings.
Traders from US not accepted	Traders from US accepted
CommSec is a top Australian retail broker offering a suite of trading tools & products.	Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US 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.
	Forex trading involves risk. Losses can exceed deposits.
Customer Reviews
	4 Based on 2 IG customer reviews
Comment by Reviewer
	"IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and fast execution speeds for experienced day traders."
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 day 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
Innovation Excellence 2020 - Canstar	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
Instruments
Shares, Options, ETFs, Warrants, Fixed Income Securities	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
No	Yes
Minimum Deposit
$500	$0
Trading Platforms
Own	Web ProRealTime L2 Dealer MT4 TradingView AutoChartist TradingCentral
Payment Methods
Credit Card PayID Wire Transfer	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Margin Trading
No	Yes
Margin Rate
	2.5%
STP Account
No	No
ECN Account
No	No
DMA Account
Yes	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
Mobile Apps
Yes	iOS & Android
App Review
	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.
Android App Rating
	4
iOS App Rating
	4.6
Auto Trading
	Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	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 AUD	USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD
Stock Exchanges
London Stock Exchange New York Stock Exchange	Australian Securities Exchange (ASX) Borsa Italiana Bombay Stock Exchange Deutsche Boerse Dow Jones Euronext Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Tadawul Toronto Stock Exchange Taiwan Stock Exchange
Commodities
	Aluminium Coffee Cannabis Copper Gold Iron Lean Hogs Lithium Cattle Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Sugar Wheat
CFD Trading
CFD trading not offered	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), 1:250 (Pro)
FTSE Spread
	1.0
GBPUSD Spread
	0.9
Oil Spread
	2.8
Stocks Spread
	0.02
Forex Trading
Forex trading not offered	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.
Forex 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. Top marks.
GBPUSD Spread
	0.9
EURUSD Spread
	0.8
EURGBP Spread
	0.9
Assets
	80+
Currency Indices
	USD
Cryptocurrency
Crypto trading not offered	IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market.
Spread
	Variable
Coins
	BTC BCH LTC ETH ADA DOT DOGE LINK UNI XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	Forex trading involves risk. Losses can exceed deposits.