FP Markets vs IG
Can't decide between FP Markets and IG? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
FP Markets and IG are both well-established forex brokers, but they serve different types of traders. FP Markets scores 92/100 in our TrustMetrics™ system, while IG leads with 99/100.
On pricing, FP Markets offers tighter EUR/USD spreads (0.1 pips vs 0.7 pips). FP Markets supports MT4, MT5, cTrader, Iress, TradingView while IG offers IG Platform, MT4, ProRealTime, L2 Dealer, giving FP Markets an edge in platform diversity.
For regulation, FP Markets holds licenses from ASIC, CySEC, FSA while IG is regulated by FCA, ASIC, CFTC, MAS. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
IG scores higher in our TrustMetrics system (99/100) compared to FP Markets (92/100), making it the safer choice.
Lowest Spreads
FP Markets offers better pricing with an average EUR/USD spread of 0.1 pips, beating the 0.7 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $100, FP Markets is the more accessible option for new traders.
Detailed Comparison
| Feature | FP Markets | IG |
|---|---|---|
| Trust Score | 92/100 | 99/100 |
| Spreads From | 0.0 pips | 0.6 pips |
| Avg EUR/USD Spread | 0.1 pips | 0.7 pips |
| Commission | $6.00/lot | $0 |
| Execution Speed | 30ms | 22ms |
| Max Leverage | 1:500 | 1:200 |
| Minimum Deposit | $100 | $250 |
| Instruments | 10,000+ | 17,000+ |
| Account Types | Standard, Raw, Iress | CFD, Spread Betting, DMA |
| Platforms | MT4, MT5, cTrader, Iress, TradingView | IG Platform, MT4, ProRealTime, L2 Dealer |
| Top Regulators | ASIC, CySEC, FSA | FCA, ASIC, CFTC, MAS |
| Withdrawal Speed | 1-2 business days | 1-3 business days |
| Inactivity Fee | $0 | $18 per month (after 24 months) |
| Customer Support | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
Which Broker Should You Choose?
FChoose FP Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You want to trade directly from TradingView charts
- ✓You prefer cTrader's advanced order management
- ✓You need access to a massive range of instruments
- ✓You are a scalper or algorithmic trader
IChoose IG if...
- ✓You need access to a massive range of instruments
- ✓You are a beginner and value education and simplicity
- ✓Maximum regulatory protection is your top priority
FP Markets Pros & Cons
Pros
- ✓ True ECN pricing with 0.0 pips on majors frequently
- ✓ Very competitive $6.00/lot round-turn commission
- ✓ Access to 10,000+ global stocks via the Iress platform
- ✓ Full suite of platforms: MT4, MT5, cTrader, and TradingView
Cons
- × Iress platform requires a higher minimum deposit ($1,000) and has platform fees
- × Educational content is decent but not industry-leading
IG Pros & Cons
Pros
- ✓ Unmatched regulatory trust with 6+ Tier-1 licenses
- ✓ Massive selection of 17,000+ tradable instruments
- ✓ World-class educational resources (IG Academy)
- ✓ Premium proprietary trading platform with guaranteed stops
Cons
- × No MT5 platform available
- × Spreads can be wider than raw ECN competitors
- × High minimum deposit for bank transfers
The Bottom Line: FP Markets vs IG
- ✓ ECN Trading
- ✓ Low Commissions
- ✓ Stock CFDs
- ✓ cTrader
- ✓ Tighter EUR/USD spreads (0.1 pips)
- ✓ Lower minimum deposit ($100)
- ✓ Instrument Variety
- ✓ Regulatory Trust
- ✓ Research
- ✓ UK Traders
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: FP Markets or IG?
IG scores higher in our TrustMetrics system (99/100) compared to FP Markets (92/100), making it the safer choice.
Who has lower spreads: FP Markets or IG?
FP Markets offers better pricing with an average EUR/USD spread of 0.1 pips, beating the 0.7 pip average of its competitor.
Which has a lower minimum deposit: FP Markets or IG?
With a lower minimum deposit requirement of $100, FP Markets is the more accessible option for new traders.
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