FP Marketsvs
IGForex Broker Comparison
In a head-to-head on trust, fees, and platforms, FP Markets and IG push different value propositions. The matchup tests whether raw pricing or breadth of tools matters most.
Our Verdict
IG winsby 0.3 pts
IG leads overall with a higher editorial score (4.8 vs 4.5) and stronger platform tools. FP Markets remains strong on true ECN pricing and regulation.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers raw spreads from 0 pips with $6 commission.
- 2IG provides a proprietary platform with ProRealTime charts.
- 3IG lists 19,000+ markets versus FP Markets 10,000.
Who should choose FP Markets vs IG?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want true ECN pricing from 0 pips with $6/lot. You also get MT4, MT5, and cTrader support and no inactivity fee.
Choose IG if…
Choose IG if you want a proprietary platform with advanced tools. You also gain access to 19,000+ markets and a broad regulator footprint.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0.00 pips vs 0.60 pips for IG, reducing trading costs.
Best for safety & regulation
FP Markets vs IG: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5 | 5.0 / 5▲ |
FP Markets vs IG Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FP Markets
criteria wins
1
IG
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | IG |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs IG: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and IG rates 4.8/5. IG has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0 pips, tighter than IG's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
IG has no minimum deposit, while FP Markets requires at least $100. This makes IG more accessible for traders with limited starting capital.
Both FP Markets and IG hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: IG has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while IG lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide TradingView and MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5. IG has exclusive access to ProRealTime and Proprietary Web/Mobile.
