FP Marketsvs
IGStock Broker Comparison
In a head-to-head comparison, FP Markets and IG duel over cost structures and platform breadth. The outcome hinges on global access and regulatory scope.
Our Verdict
IG winsby 0.4 pts
IG wins on editorial score. Its higher overall score and broader exchange access give IG the edge over FP Markets.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1IRESS DMA incurs a monthly fee.
- 2IG provides a Stocks & Shares ISA with no annual platform fee.
- 3IG has access to 30+ exchanges vs FP Markets 15.
Who should choose FP Markets vs IG?
Find out which stock broker best suits your investing profile.
Choose FP Markets if…
Choose FP Markets if you want DMA access via IRESS and strong ASIC-CySEC oversight.
Choose IG if…
Choose IG if you want real share dealing with an ISA and broad global exchange access.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
It’s a tie
Both equally suited
IG has a broad, multi-jurisdictional regulatory footprint including FCA, ASIC, BaFin, and more.
Best for active traders
It’s a tie
FP Markets vs IG: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.1/ 5 | 4.5/ 5 |
| Min deposit | $100 | No minimum▼ lower |
| Spreads from | 0 pips▼ lower | 0.6 pips |
| Commission / lot | $6/lot | N/A |
FP Markets vs IG Stock Broker Pros & Cons
Pros
- IRESS platform provides genuine DMA access to ASX, NYSE, LSE, and other exchanges
- 10,000+ share CFDs available on MT4, MT5, cTrader, and TradingView
- ASIC and CySEC regulation, among the strongest regulatory profiles for a mid-tier broker
- No platform fee for standard share CFD trading (IRESS fee only for DMA users)
Cons
- IRESS DMA incurs a monthly fee (~AUD 55), uneconomical for low-frequency traders
FP Markets vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FP Markets
criteria win
1
IG
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | IG |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Pass |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Pass | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
FP Markets vs IG: Frequently Asked Questions
The scores are close: FP Markets rates 4.1/5 and IG rates 4.5/5. 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 lists tighter spreads from 0, compared with IG's 0.6. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
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 20:1, while IG lists up to 1:1. 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 trade on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither FP Markets nor IG is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both FP Markets and IG are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
