EasyMarkets vs IG (2026): In-Depth Comparison for United Kingdom Traders

For United Kingdom traders, cost differences between EasyMarkets and IG are significant. IG offers variable spreads starting from 0.6 pips on EUR/USD for standard accounts and as low as 0.1 pips on its Pro account (subject to monthly volume). EasyMarkets uses fixed spreads averaging around 1.2 pips on major pairs, which remain constant regardless of market volatility. On a typical £10,000 monthly volume trading GBP/USD, IG's spread cost could be 40-60% lower than EasyMarkets, but this advantage narrows for smaller trades where EasyMarkets' transparent pricing eliminates slippage. IG also charges an inactivity fee after two years, while EasyMarkets does not. UK traders should also consider swap rates: IG's overnight financing may be more competitive for positions held beyond a day, especially on yen crosses.

UK traders value robust platforms, and both brokers deliver but with different philosophies. IG provides three core options: its web-based L2 Dealer, the popular MetaTrader 4 (MT4), and the proprietary IG Trading platform which offers over 100 indicators, advanced charting, and direct market access (DMA) for equities. EasyMarkets' platform is more streamlined – a browser-based interface with built-in risk tools like dealCancellation and Freeze Rate, plus a mobile app. While IG caters to technical analysts and traders who need depth, EasyMarkets suits those who prefer one-click execution and all-in-one account management. Both platforms integrate well with PayPal and Faster Payments for seamless deposits, but IG's API and third-party integrations give it the edge for algorithmic UK traders.

Execution quality matters for UK day traders. IG provides direct market access (DMA) on major indices and forex, with variable spreads and no requotes on most instruments, achieving average execution speeds under 50ms on its Pro platform. EasyMarkets uses a market maker model with fixed spreads and guaranteed stop losses, but execution can be slower during volatile news events. For scalpers and high-frequency traders, IG is superior; for those who prefer price certainty, EasyMarkets' 'cancel order' feature is unique and valuable.

Regulation is paramount for UK traders, and both EasyMarkets and IG are FCA-authorised in the United Kingdom. IG holds FCA register number 195355 and has been regulated since 1974, while EasyMarkets (regulated as easyMarkets Ltd) is authorised with FCA number 609363. Both adhere to strict client money rules, meaning funds are held in segregated accounts at major UK banks. Additionally, both provide negative balance protection, which is mandatory under ESMA product intervention rules that the FCA enforces. For professional traders, IG offers a professional client category with reduced protections but higher leverage (up to 1:500), while EasyMarkets restricts retail leverage to 1:30. The FCA's oversight ensures both brokers participate in the Financial Services Compensation Scheme (FSCS), protecting deposits up to £85,000 per institution – a critical safeguard for UK residents.

United Kingdom traders enjoy fast, flexible funding options at both brokers. EasyMarkets supports Bank Transfer (1-3 business days), PayPal (instant), Skrill (instant), and Faster Payments (typically within hours). Minimum deposit is £25, and withdrawals are free and processed within 24 hours for e-wallets. IG also accepts all four UK payment methods: Bank Transfer via Faster Payments (instant £250K limit), PayPal (instant up to £20K daily), Skrill, and debit/credit cards. IG's minimum deposit is £100 for bank transfers, but no minimum for PayPal/Skrill. Withdrawals at IG are free and typically processed within one business day for e-wallets, though bank withdrawals may take 1-2 days. Both brokers offer GBP accounts, eliminating currency conversion fees. For UK traders needing quick access to funds, IG's Faster Payments integration is slightly faster, while EasyMarkets' instant PayPal deposits are equally convenient.

For UK Muslim traders seeking Sharia-compliant accounts, both brokers provide swap-free Islamic options. EasyMarkets offers a dedicated Islamic account with no swap or rollover interest on positions held overnight, applicable to forex, indices, and commodities. The account operates on a fee-only basis with no hidden charges. IG also offers swap-free accounts upon request, but availability can be limited – they may restrict certain instruments or apply conditions on holding periods. Both brokers ensure the accounts are FCA-regulated, providing the same protections as standard retail accounts. UK traders should confirm with support that the Islamic account includes all required exotic pairs and indices, as EasyMarkets' offering is more straightforward while IG's is more flexible but less widely advertised.

Customer support in the UK is robust at both brokers. IG offers 24/5 phone support in English (Freephone 0800), live chat, and a comprehensive FAQ, with average response times under 2 minutes. EasyMarkets provides 24/5 live chat, email, and local UK phone number (020 3744 7550), with slightly longer wait times. IG's educational resources (webinars, trading guides) are deeper, but EasyMarkets' support team is notably helpful for beginners. Both meet FCA standards for complaint handling and offer access to the Financial Ombudsman Service if disputes arise.