TradingCritique

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MEXEM vs IG : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

MEXEM

MEXEM

VS
IG

IG

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP

ECN

Years of Existence / Established Year

2018

1974

Customer Base / Number of Accounts

Info not available

313,000 customers


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Regulation & Security

Regulations (governing bodies)

Cysec AFM FSMA

NFA CFTC FCA

Awards Won (count for the last 2 years)

No major awards listed

Best Multi platform provider - ADVFN International Financial Awards 2024 Best Finance App - ADVFN International Financial Awards 2024 Best platform for active trader - ADVFN International Financial Awards 2022

Security Measures

ICCL

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

150 + trading assets Warrant

17,000 + markets

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

Yes

Bonds

Yes

Yes

Mutual Funds

Yes

Yes

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

Yes

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

Yes

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

ProReal Time APIs L2 dealer

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual Accounts Instituitional Accounts

Leveraged Accounts Spread betting account CFD accountNon-Leveraged Account Share dealing account ISA account IG smart portfolio account IG smart ISA portfolio account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$50

Leverage Available

NA

200:1

Trade Limit (maximum per trade)

Varies for each product

Trade size vary on each asset

Commission (per account type)

NA

Starting from 0.1

Best Suited For (e.g., beginners, experienced traders)

Experienced only

Beginners


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Deposit & Withdrawal Options

Deposit Methods

Bank Transfer

Bank transfers Card FPS in Hong Kong dollars Funding on IG mobile app Wise

Withdrawal Methods

Bank Transfer

Card Bank transfer

Other E-Wallets Supported

No

No


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Tools & Educational Resources

Economic Calendar

No

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Practical tutorials on using TWS trader workstatioin Video tutorials

Trade analytics tools Seminars & webinars


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Fees & Commissions

Trading-Related Fees

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

US shares 0 to 50 - commission free 50+ trades - $5Other shares Germany - 0.1% UK - 0.1% Ireland - 0.1%

Spread (typical, fixed, variable)

NA

Variable

Per Lot Fees

NA

NA

Options Contract Fees

0.65% per contract

NA

Futures Contract Fees

0.85% per contract

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

Vary for each asset

Maximum Leverage

NA

200:1


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Non-Trading Fees

Dormant Fees

NA

$12/month after 24 months of no trading activity

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

$0

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

NA

$50

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

$0

Deposit Fee

$0

Free for Wire & check deposits

Currency Conversion Fee

0.05%

0.5% - CFDs and share dealing accounts 0.7% - international shares

Withdrawal Fee

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w

Wire transfer - $25


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed

Forex Monday 00:00 - Friday 22:00 GMT (International times may vary)UK shares (LSE): 08.00-16.30 (London time) US shares: 09.30-16.00 (New York time) European shares: vary on relevant exchanges


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

24x5 support

Customer Support Methods (phone, email, live chat)

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Call +44 (20) 7633 5430 Email: [email protected] 10AM to 7PM whatsapp channel support (Monday to Friday)

Support Languages

10+

8


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Additional Information

Headquarters Location

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

IG Cannon Bridge House 25 Dowgate Hill London EC4R 2YA

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
MEXEM stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, IG offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
The account creation flow at MEXEM is modern and app-driven, making it seamless for new users. IG , however, leans toward traditional processes with forms and verifications that take more time.
MEXEM excels in real-time trade execution with minimal latency, whereas IG complements its execution with strong analytical modules and educational support within the platform.
For market veterans, MEXEM brings the tools they need. New investors might find IG more approachable and cost-effective.