Are you confused about whether to choose IG vs Nextmarkets as a broker for your investing needs?
In this side-by-side comparison, we analyse IG vs Nextmarkets to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
IG vs Nextmarkets: In a Nutshell
Forex and CFDs trading
IG is a leading Forex and CFD broker. It offers multi-asset class exposure (and Spread Betting for UK clients). IG Group is listed on the London Stock Exchange.
Beginner investors will probably enjoy IG’s intuitive mobile and desktop platforms, while advanced traders will be satisfied with the selection of indicators and charting tools.
The customer service and fees could be improved. Also, the product offering could expand to stocks and ETFs, not only CFDs.
Curated investing
Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app.
You can invest in financial products such as shares, ETFs, CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
With “curated investing”, Nextmarkets wants to allow you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.
Pros and Cons
IG
Pros
- Advanced trading tools
- No minimum deposit
- List on the FTSE 250 index
- No withdrawal fee
Cons
- Limited product portfolio (mostly CFDs)
- High stock CFD fees
- Inactivity fee after 2 years of no activity
- Complex fee structure
Nextmarkets
Pros
- Zero commission trading for all asset classes (orders above €250)
- No custody, inactivity and deposit/withdrawal fee
- Fast account opening process (less than 5 min)
- No minimum deposit
- No currency conversion fee
- Good customer support
- Demo Account
Cons
- €1 commission per order below €250
- The web platform is a little “buggy”
- No clear distinction between real shares and CFDs
- Spreads are above average
- No fundamental data
- No educational materials
- The minimum withdrawal is €150
IG vs Nextmarkets: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
