FxPro vs IG Forex Broker Comparison
A head-to-head comparison of FxPro and IG across regulation, trading costs, platforms, and editorial scoring.
Multi-platform broker with FCA and CySEC regulation, offering all four major retail platforms and transparent raw ECN pricing.
VS
IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.
Our Verdict
IG winsby 0.5 pts
IG edges ahead with a score of 4.8/5 vs FxPro's 4.3/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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
IG offers tighter spreads from 0.6 pips vs 1.2 pips for FxPro, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
It's a tie
Both equally suited
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
Best for platform choice
Recommended
FxPro offers more exclusive platform options: MetaTrader 5, cTrader, a proprietary platform.
Best for beginners
Recommended
IG edges out FxPro with a higher editorial score (4.8/5 vs 4.3/5), indicating a stronger overall experience for new traders.
FxPro vs IG: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 5.0 / 5▲ |
Fees & Spreads 30% weight | 4.4 / 5 | 4.8 / 5▲ |
Platforms & Tools 20% weight | 4.2 / 5 | 5.0 / 5▲ |
Customer Support 10% weight | 4.0 / 5 | 4.5 / 5▲ |
| Founded | 2006 | 1974 |
| Headquarters | London, United Kingdom | London, United Kingdom |
| Min deposit | $100 | No minimum |
| Spreads from | 1.2 pips | 0.6 pips |
| Commission / lot | $7/lot | N/A |
| Max leverage | 500:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC | FCA ASIC DFSA CMVM BaFin Finansinspektionen Finanstilsynet FMA CBI KNF Finanstilsynet |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader Proprietary Web/Mobile | MetaTrader 4 Proprietary Web/Mobile TradingView |
| Active bonuses | ||
| Visit broker | Visit FxPro | Visit IG |
FxPro vs IG Forex Broker Pros & Cons
Pros
Supports all four major platforms: MT4, MT5, cTrader, and proprietary
Strong FCA and CySEC regulation
No dealing desk execution on raw accounts
Negative balance protection
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
LSE-listed with FCA and ASIC regulation - among the most credible regulatory stacks in retail CFDs
19,000+ markets including weekend crypto, volatility indices, and EM pairs - genuine breadth, not a padded count
Proprietary platform with ProRealTime charts, Reuters news, and DMA equity routing built in
Spread betting available for UK clients - tax-free gains on the same account used for CFD trading
No minimum deposit and no deposit or withdrawal fee on standard methods
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Customer support can be slow during peak hours
FxPro Edge proprietary platform less feature-rich than MT4
Not available to US residents
Cons
Market maker on forex - not suitable for scalpers who need sub-0.1 pip raw ECN spreads
Inactivity fee of £12/month kicks in after 24 months with no trades
Onboarding verification is slower than smaller or offshore brokers
Customer support quality drops outside UK business hours
FxPro vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FxPro
criteria wins
0
IG
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FxPro | 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 | Pass | 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 |
FxPro vs IG: Frequently Asked Questions
Based on our independent editorial scoring, IG ranks higher with a score of 4.8/5 vs 4.3/5 for FxPro. The best choice still depends on your individual trading needs; FxPro and IG may each suit different trader profiles.
IG offers tighter spreads starting from 0.6 pips, compared to FxPro's spreads from 1.2 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
IG has a lower minimum deposit of no minimum required, while FxPro requires at least $100. This makes IG more accessible for traders with limited starting capital.
Both FxPro and IG hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: IG has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FxPro offers maximum leverage of 500:1, while IG offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
FxPro charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
FxPro supports MetaTrader 4, MetaTrader 5, cTrader, Proprietary Web/Mobile and IG offers MetaTrader 4, Proprietary Web/Mobile, TradingView; both support MetaTrader 4, Proprietary Web/Mobile; FxPro exclusively offers MetaTrader 5, cTrader; IG exclusively offers TradingView.
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