FxProvs
IGForex Broker Comparison
Two retail brokers with strong regulation and broad platform support are analyzed side by side. The tension centers on cost, platform breadth, and how regulation translates to protection.
Our Verdict
IG winsby 0.5 pts
IG is the editorial winner, reflecting higher trust/regulation, platforms, and support scores. FxPro remains competitive with strong regulation and multi-platform access.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FxPro has no inactivity fee, IG imposes £12/month after 24 months.
- 2Instrument count differs: FxPro around 2100 vs IG around 19000.
- 3Raw spreads available: FxPro offers raw ECN pricing; IG does not.
Who should choose FxPro vs IG?
Find out which broker best suits your trader profile.
Choose FxPro if…
Choose FxPro if you want MT4 MT5 and cTrader across regulated environments including FCA, CySEC and FSCA.
Choose IG if…
Choose FxPro if you value no inactivity fee, transparent pricing, and access to raw ECN pricing across four major platforms. Choose IG if you want 19,000+ markets, a robust proprietary platform with ProRealTime charts, DMA equity routing, and broad regulatory coverage. Choose IG if you prefer no minimum deposit, cash flow flexibility, and strong protection schemes like segregated funds.
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 0.60 pips vs 1.20 pips for FxPro, reducing trading costs.
Best for safety & regulation
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▲ |
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
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
IG rates 4.8/5 versus 4.3/5 for FxPro. IG edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
IG starts from 0.6 pips, tighter than FxPro's 1.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
IG has no minimum deposit, 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. 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.
FxPro 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.
FxPro charges $7 per lot on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing.
FxPro supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. FxPro has exclusive access to cTrader and MetaTrader 5. IG has exclusive access to ProRealTime and TradingView.
