FP Markets vs IG
Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.
4.5
4.7
10 pts
Head to head
Winners by category
Full comparison table
Rating
FP Markets
4.5
IG
4.7
Model score
FP Markets
80
IG
90
Regulation
FP Markets
Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).
IG
FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand)
Spreads
FP Markets
True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.
IG
Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing.
Fees
FP Markets
Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.
IG
Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 - 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees.
Platforms
FP Markets
Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.
IG
IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA)
Account types
FP Markets
Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.
IG
CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo
Min deposit
FP Markets
$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.
IG
$0 / £1 (bank transfer/card) Varies by region
| Topic | FP Markets | IG |
|---|---|---|
| Rating | 4.5 | 4.7 |
| Model score | 80 | 90 |
| Regulation | Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa). | FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand) |
| Spreads | True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity. | Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing. |
| Fees | Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods. | Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 - 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees. |
| Platforms | Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app. | IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA) |
| Account types | Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request. | CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo |
| Min deposit | $100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts. | $0 / £1 (bank transfer/card) Varies by region |