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 Our proprietary safety rating based on regulation and track record. | 92/100 | 99/100 ✓ |
Spreads From The lowest possible spread available on their premium accounts. | 0.0 pips | 0.6 pips |
Avg EUR/USD Spread The typical spread experienced during normal market hours. | 0.1 pips ✓ | 0.7 pips |
| Commission | $6.00/lot | $0 |
Execution Speed The average time it takes for an order to be filled. | 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 The average processing time before funds hit your account. | 1-2 business days | 1-3 business days |
Inactivity Fee Fees charged if you do not place any trades for a specific period. | $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?
Choose 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
Choose 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 Overview
Advantages
- ✓ 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
Drawbacks
- × Iress platform requires a higher minimum deposit ($1,000) and has platform fees
- × Educational content is decent but not industry-leading
IG Overview
Advantages
- ✓ 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
Drawbacks
- × No MT5 platform available
- × Spreads can be wider than raw ECN competitors
- × High minimum deposit for bank transfers
Algorithmic Deep Dive
Data Updated: Aug 2026🛡️ Safety & Regulation
Tier-1 Licenses
💸 Pricing Economics
⚡ Technical Capabilities & Execution
Platform Support
- MT4✓✓
- MT5✓✗
- cTrader✓✗
- TradingView✓✗
FP Markets Execution
Our testing of FP Markets's platform offerings confirmed stable performance with reliable execution speeds. The available platforms provide a good balance of analytical tools and ease of use, suitable for both manual and algorithmic trading strategies.
IG Execution
Our testing of IG's platform offerings confirmed stable performance with reliable execution speeds. The available platforms provide a good balance of analytical tools and ease of use, suitable for both manual and algorithmic trading strategies.
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.
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