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IG vs FP Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IG vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IG
5/5 Stars Overall
  • Minimum Deposit: £1
  • Trust Score: 99
  • Tradeable Symbols (Total): 19537
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

IG, established in 1974, stands out as a reliable online broker, achieving the highest Trust Score of 99 on ForexBrokers.com. As a publicly traded company and a bank, IG demonstrates strong stability and credibility in the financial market. It also boasts eight highly trusted Tier-1 licenses and two trusted Tier-2 licenses. This comprehensive regulatory framework underscores IG's position as a highly secure option for traders.

FP Markets, founded in 2005, is not publicly traded nor a bank, yet it retains a commendable Trust Score of 89, categorized as trusted by ForexBrokers.com. The broker holds two Tier-1 and one Tier-2 licenses, ensuring a reliable level of trust and security for its clients. While it may not match IG's extensive regulatory credentials, FP Markets remains a respected choice for traders seeking dependable service.

Feature IG logoIG
FP Markets logoFP Markets
Year Founded info 1974 2005
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

IG and FP Markets both earn 5/5 stars for commissions and fees. In ForexBrokers.com’s 2024 rankings, IG places #7 out of 63 brokers, while FP Markets ranks #11 out of 63. Both target cost-conscious forex traders, but they go about it differently: IG mixes spread-only pricing with Direct Market Access (DMA) for high-volume clients, while FP Markets is celebrated for its commission-based ECN pricing on MetaTrader and cTrader.

IG’s spread-only CFD account averaged 0.69 pips on EUR/USD during the main 22-hour session in July 2023 (0.98 pips across all sessions; 1.18 pips at IG US). Pros who qualify can earn 10%–20% spread rebates, which—based on IG’s example—can trim costs to about 0.60 pips. For deeper pricing, IG’s Forex Direct (DMA) account requires a £1,000 minimum and averaged 0.62 pips in July 2023; commissions are volume-tiered from $60 per million (entry tier) down to $20 round-turn for very high volumes, translating to about 0.82 pips all-in at the best tier.

FP Markets’ Raw ECN account averaged 0.1 pips on EUR/USD in October 2023, with a flat $6 per round-turn commission—about 0.8 pips all-in—while its Standard (spread-only) account averaged 1.1 pips. Share CFDs on Iress offer DMA pricing, but the ViewPoint tiers can add platform/data fees unless you meet monthly commission or balance thresholds; the lower-cost Iress Investor waives monthly fees but trims features. Bottom line: FP Markets’ Raw ECN undercuts many spread-only options and is neck-and-neck with IG’s best DMA tier, whereas IG’s spread-only pricing can be sharper than FP Markets’ Standard account during active market hours.

Feature IG logoIG
FP Markets logoFP Markets
Minimum Deposit info £1 $100 AUD
Average spread (EUR/USD) - Standard account info 0.91 info 1.3 info
All-in Cost EUR/USD - Active info 0.82 info 0.9 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IG offers a wider range of investments than FP Markets. IG lists 19,537 tradeable symbols and 97 forex pairs, compared with FP Markets’ 10,000 symbols and 71 forex pairs. Both brokers support forex trading via CFDs and spot. IG also lets you buy exchange-traded U.S. and international shares (for example, Apple on NASDAQ and Vodafone in London), while FP Markets does not offer real shares. For crypto, IG provides both actual coins and crypto CFDs, whereas FP Markets offers crypto CFDs only.

If you want the broadest market access and the ability to buy real stocks and real crypto alongside CFDs, IG stands out. It earns 5 stars for Range of Investments and ranks #4 out of 63 brokers. FP Markets suits traders who value copy trading and still want a wide selection, with a 4.5-star rating and a #16 ranking for Range of Investments.

Feature IG logoIG
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 10000
Forex Pairs (Total) info 97 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info Yes info No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

IG vs FP Markets: Both online brokers check key boxes for trading platforms and tools. Each offers a free demo account for paper trading, a proprietary platform, and both web and Windows desktop platforms. IG and FP Markets also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both let you place trades directly from charts. This makes either broker a practical pick if you want familiar MT4/MT5 features plus an in-house platform you can use in a browser or on a desktop.

Where they differ: FP Markets includes copy trading, while IG does not. For overall platform quality, IG earns 5 stars and ranks #1 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while FP Markets earns 4 stars and ranks #22. Choose IG if you want top-rated platforms and tools; pick FP Markets if copy trading is important alongside MT4/MT5 access.

Feature IG logoIG
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 33 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IG and FP Markets both deliver capable mobile trading apps for iPhone and Android, and each supports price alerts. A key difference is watchlist syncing: IG syncs watchlists between its mobile app and web platform, while FP Markets does not. In independent testing by ForexBrokers.com, IG earned 5 stars and ranked #1 out of 63 brokers for Mobile Trading Apps, whereas FP Markets earned 4 stars and ranked #20.

For charting, IG’s app includes 33 technical studies, while FP Markets relies on MetaTrader’s default indicators. Both apps let you draw trendlines and automatically save your annotations. If you want seamless watchlist syncing and a wider set of built-in indicators, IG stands out. If you prefer the MetaTrader environment and its familiar toolset, FP Markets is a solid pick.

Feature IG logoIG
FP Markets logoFP Markets
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

IG and FP Markets both deliver daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Each broker offers technical analysis tools via Autochartist, a sentiment tool showing long vs. short positions, and an economic calendar covering global events—useful for tracking market-moving data.

The key differences are in third-party research. FP Markets includes Trading Central, while IG does not. IG counters with TipRanks and Acuity Trading’s Signal Centre, which FP Markets lacks. This broader mix helps IG earn 5 stars for research and a #2 ranking out of 63 brokers at ForexBrokers.com, compared with FP Markets’ 4-star score and #22 ranking. If Trading Central is a must-have, FP Markets fits; if you want a wider range of third-party research, IG has the edge.

Feature IG logoIG
FP Markets logoFP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info Yes No
Acuity Trading info Yes No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

IG and FP Markets both deliver forex and CFD education that meets the basic bar of offering at least 10 learning pieces. For beginners, each broker provides plenty to get started: at least 10 beginner-focused trading videos and regular online client webinars (at least once per month). That mix of videos and live sessions makes it easier to learn core topics like platform use, risk management, and trade setup from home.

When comparing quality, IG pulls ahead. Both brokers also offer at least 10 advanced videos for when you’re ready to go deeper, but IG earns 5 stars for Education and ranks #7 out of 63 brokers with ForexBrokers.com, while FP Markets holds 4 stars and ranks #22. If you want the strongest beginner learning path, IG has the edge; FP Markets remains a solid alternative with frequent webinars and plenty of beginner content.

Feature IG logoIG
FP Markets logoFP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IG is better than FP Markets. IG finished with an overall rank of #1, while FP Markets finished with an overall rank of #19.

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Feature IG logoIG
FP Markets logoFP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 89
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IG or FP Markets?

IG allows investors to buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while FP Markets offers cryptocurrency CFDs only and does not support purchasing actual (delivered) cryptocurrency.

What funding options does each broker offer?

Comparing online brokers IG and FP Markets for deposits and withdrawals: IG supports ACH/SEPA, PayPal, and bank wires but not Skrill, while FP Markets offers PayPal, Skrill, and bank wires but not ACH/SEPA; Visa and Mastercard availability is not specified for either broker.

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Overall Rating IG FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 89
Winner check_circle
Review IG Review FP Markets Review
Broker Screenshots IG FP Markets
Broker Gallery (click to expand) info
IG trading mobile app charting IG web platform dark mode IG research special research reports IG educational academy course detail
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation IG FP Markets
Trust Score info 99 89
Year Founded info 1974 2005
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) IG FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) IG FP Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IG FP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 10000
Forex Pairs (Total) info 97 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info Yes info No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost IG FP Markets
Average spread (EUR/USD) - Standard account info 0.91 info 1.3 info
All-in Cost EUR/USD - Active info 0.82 info 0.9 info
Inactivity Fee info Yes No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding IG FP Markets
Minimum Deposit info £1 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms IG FP Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No Yes
Trading Tools IG FP Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 33 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IG FP Markets
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research IG FP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
TipRanks info Yes No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education IG FP Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs IG FP Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review IG Review FP Markets Review
Overall IG FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 89
Winner check_circle
Review IG Review FP Markets Review
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