IG vs Openbank 2026: which is better?
We compared IG and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- IG holds 10 licences from strong regulators, against 0 for Openbank.
- IG offers MetaTrader 4, MetaTrader 5, which Openbank does not.
Comparison table
| Comparison table |
IG
Broker
|
Openbank Broker |
|---|---|---|
| Licences | FCA, ASIC, DFSA, CFTC, NFA, MAS, FINMA, BaFin, JFSA, FMA, FSCA, BMA Best | BdE |
| Minimum deposit | $0 | — |
| Maximum leverage | 1:200 | — |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App, ProRealTime, L2 Dealer | Openbank App |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices, ETFs | Stocks, Crypto, ETFs |
| Demo account | ✓ Yes | — |
| Copy trading | ✗ No | — |
| Founded | 1974 | 1995 |
| Headquarters | London, United Kingdom | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose IG if you
- want more licences from strong regulators
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, IG or Openbank?
We compared IG and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. IG holds 10 licences from strong regulators, against 0 for Openbank. IG offers MetaTrader 4, MetaTrader 5, which Openbank does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are IG and Openbank regulated?
IG licences: FCA, ASIC, DFSA, CFTC, NFA, MAS, FSCA, FINMA, BaFin, JFSA, FMA, BMA. Openbank licences: BdE.
What is the minimum deposit at IG and Openbank?
IG: $0. Openbank: not available.
Do IG and Openbank offer an Islamic account?
IG: No. Openbank: No.