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IG vs FlowBank 2023

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Written by ForexBrokers.com

December 27, 2022

Is IG better than FlowBank? In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered highly trusted, with an overall Trust Score of 99 out of 99. FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.

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× IG

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(CFD Losses can exceed deposits)

× FlowBank

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(74-89% of retail CFD accounts lose money)

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Overall RatingIGFlowBank
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score 99 77
Winner check_circle
Review IG Review FlowBank Review
RegulationIGFlowBank
Trust Score 99 77
Year Founded 1974 2020
Publicly Traded (Listed) Yes No
Bank Yes Yes
Authorised in European Union Yes info No info
Tier-1 Licenses 7 1
Tier-2 Licenses 2 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)IGFlowBank
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) Yes Yes
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) Yes No
Tier-2 Licenses (Average Trust)IGFlowBank
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)IGFlowBank
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) Yes No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsIGFlowBank
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 19537 408600
Forex Pairs (Total) 100 51
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIGFlowBank
Average Spread EUR/USD - Standard 0.86 info N/A info
All-in Cost EUR/USD - Active 0.5957 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingIGFlowBank
Minimum Deposit £250.00 $0.00
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No No
Visa/Mastercard (Credit/Debit) Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIGFlowBank
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Platforms Gallery (click to expand)
IG web trading platformzoom_in IG web trading order window trading form chartzoom_in IG web trading platform charts.zoom_in IG web trading platform signals Autochartistzoom_in IG web options trading platform options chainzoom_in IG web options trading platformzoom_in IG cryptocurrency watchlistzoom_in IG MT4 desktop trading platformzoom_in IG MT4 desktop trading platform chartszoom_in
FlowBank MetaTrader 5 MT5 mobile app watchlistzoom_in FlowBank MetaTrader 5 MT5 mobile app login settingszoom_in FlowBank MetaTrader 5 MT5 mobile app forex news headlineszoom_in FlowBank trading platforms MetaTrader 5 MT5 desktop software watchlistzoom_in FlowBank trading platforms MetaTrader 5 MT5 desktop software chartszoom_in FlowBank trading platforms MetaTrader 5 MT5 desktop softwarezoom_in FlowBank trading platforms MetaTrader 5 MT5 desktop signals marketzoom_in FlowBank trading platforms FlowBank Pro desktop watchlistzoom_in FlowBank trading platforms FlowBank Pro desktop total instruments navigation panelzoom_in FlowBank trading platforms FlowBank Pro desktop software layoutzoom_in
Trading ToolsIGFlowBank
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 14 7
Charting - Indicators / Studies (Total) 33 37
Charting - Drawing Tools (Total) 20 17
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingIGFlowBank
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 33 5
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
IG trading mobile app chartingzoom_in IG trading mobile app watchlistzoom_in IG mobile app basic viewzoom_in IG trading mobile app signal centerzoom_in IG trading mobile app pattern recognition signalszoom_in IG trading mobile app news headlineszoom_in IG mobile app contract specificationszoom_in IG mobile app alertszoom_in IG mobile app trading toolszoom_in
FlowBank MetaTrader 5 MT5 mobile app login settingszoom_in FlowBank MetaTrader 5 MT5 mobile app forex news headlineszoom_in FlowBank app watchlist themeszoom_in FlowBank app mobile watchlistzoom_in FlowBank app mobile app chartingzoom_in FlowBank app market navigatorzoom_in FlowBank Pro mobile app watchlistzoom_in FlowBank Pro mobile app trading from chartszoom_in FlowBank Pro mobile app chartingzoom_in FlowBank Pro mobile app market navigator by asset class and venuezoom_in FlowBank Pro mobile app depth of market order bookzoom_in
ResearchIGFlowBank
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
IG Trading The Markets Podcastzoom_in IG Central Bank calendarzoom_in IG research special reports articleszoom_in IG research special reports articleszoom_in IG research IGTV daily analysis videoszoom_in IG research IGTV videoszoom_in IG research currency pair client sentimentzoom_in IG communityzoom_in IG community curated contentzoom_in IG daily fx research market analysis YouTube video detailzoom_in
FlowBank research MT5 forex news headlineszoom_in FlowBank research market themes climate and sustainabilityzoom_in FlowBank research market themeszoom_in FlowBank research market insights blog articleszoom_in FlowBank research market insights blog article detailszoom_in FlowBank research market flow live videozoom_in FlowBank research Live Wire flash updateszoom_in FlowBank research client top traded by volumezoom_in FlowBank research client sentiment open positionszoom_in
EducationIGFlowBank
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes No
Education Gallery (click to expand)
IG academy coursezoom_in IG daily fx educational articleszoom_in IG research education YouTube channel playlistzoom_in IG research videos market analysis YouTube playlistzoom_in IG daily fx educational articleszoom_in IG daily fx educational course progress trackingzoom_in IG daily fx YouTube playlist advanced educational videozoom_in IG daily fx YouTube playlist detailzoom_in IG educational webinars weeklyzoom_in IG educational academy course detailzoom_in
FlowBank educational learning center intermidiate videoszoom_in FlowBank educational learning center beginner videoszoom_in FlowBank educational content learning center articleszoom_in FlowBank research archived webinars video analysiszoom_in FlowBank app pre defined watchlistzoom_in
Major Forex PairsIGFlowBank
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review IG Review FlowBank Review
OverallIGFlowBank
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score 99 77
Winner check_circle
Review IG Review FlowBank Review
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IG vs FlowBank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IG vs FlowBank.

Does IG or FlowBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is IG or FlowBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while FlowBank holds 1. IG holds 2 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than FlowBank.

Which trading platform is better: IG or FlowBank?

To compare the trading platforms of both IG and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IG and FlowBank offer MetaTrader 4 (MT4).IG and FlowBank both offer copy trading.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to FlowBank's 51 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while IG has 19537 available CFDs, a difference of 389063.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Overall winner: IG

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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