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Broker Score | Min. Deposit | Regulation | Trading Desk Type | Trading Instruments | Forex Pairs | Crypto Pairs | Pros | Cons | Regulation | Trading Conditions | Trading Platforms | Deposit & Withdrawal | Education & Research | Assets Available | Customer Service | % Lose with this broker | Leverage | Spread | Hedging | Scalping | Account Types | Islamic Account | Trading Platforms | Funding Methods | Trading Commission | ||
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USD 25 | STP | Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices, Metals | 82 | 42 |
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| Read Review | 76% | 500:1 | 0 pips | Yes | Yes | Bet.MT5, Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5 | Yes | MT4, MT5, MT Supreme | Mastercard, Visa, Skrill, Bank Transfer | 1.8 - 3 USD per lot | ||||||||||
USD 0 | Market Maker | Bonds, Commodities, Cryptocurrencies, Digital 100s, Stock CFDs, ETFs, Forex, Indices, Interest Rates | 80 | 10 |
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| Read Review | 71% | 200:1 | 0.60 pips | Yes | Yes | DMA, Live Account, Spread Betting | Yes | MT4, L2 Dealer, ProRealTime | Bank Transfer, Visa, Mastercard, Paypal | Fees Included in Spread |
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FX Scouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare IG and Admirals, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that IG holds six Tier 1 and four Tier 2 licences, and Admirals holds three Tier 1 and no Tier 2 licences.
Based on these findings, 0 earned a higher trust rating than 0.
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that IG has overall lower trading costs than Admirals.
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, 0 offers support for and 0 offers support for .
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Admirals and IG offer copy trading.
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Admirals offers a greater range and depth of instruments to trade than IG. Admirals offers 82 Forex pairs to trade and IG offers 80 Forex pairs to trade.
In this case, Admirals offers 42 cryptocurrencies while IG offers 10 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Admirals.
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Admirals nor IG charges a withdrawal fee. Overall, IG has better deposit and withdrawal processes than Admirals.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
Admirals and IG both have very good educational support. Both Admirals and IG offer educational support for more experienced traders.
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that 0 offers better research analysis than 0 and that both Admirals and IG offer frequent webinars.
One of the most popular brokers in Nigeria and the largest CFD broker in the world by revenue, IG Markets has two low-cost trading accounts - one of which provides direct market access. With possibly the widest range of CFDs in the world, IG Markets offers trading on over 17,000 instruments, including Forex, indices, share CFDs, commodities, cryptocurrencies, digital 100s, options, ETFs, bonds, and interest rates.
On both accounts – the OTC Account and the DMA Account - IG Market’s trading costs are low compared to other similar brokers, with no minimum deposit requirements and tight spreads, averaging 0.86 pips on the EUR/USD. IG Markets offers trading on its own award-winning platform, as well as MT4 and L2 Dealer - a DMA specific platform for experienced traders. In addition to a wide range of trading tools, IG Markets also provides a world-class selection of educational and market analysis materials to get new traders started.
Overall, both beginner and experienced Forex traders won’t find a much better broker than IG Markets, and it is one of our highest-rated brokers for good reason. Combined with regulation from the FCA and ASIC, a long history of satisfied clients, and vast industry recognition, IG Markets is hard to beat.
A trustworthy global online broker, Admirals focuses on providing an ideal trading environment for Nigerian traders. Admirals is not regulated in Nigeria, but Nigerian traders are onboarded through Seychelles Financial Services Authority (FSA). This regulator does offer some advantages, like negative balance protection, which means that traders can never lose more than they have in their trading account.
Admirals offers support for the MT4 and MT5 trading platforms in addition to Admirals’ sleek mobile app that is intuitive and easy to set up. Admirals boasts excellent trading conditions on four live accounts. The minimum deposit requirements are 100 USD on all accounts, spreads average at 0.5 pips (EUR/USD) on its commission-free accounts, and commissions of up to 6 USD (round turn) are charged on its Zero Accounts, whose spreads start at 0 pips.
Some drawbacks for those considering trading with Admirals are the high deposit fees charged when converting NGN to base currencies, and the limited choice of funding methods.