Written by ForexBrokers.com
In this head to head comparison of IG vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
When comparing online brokers IG and FxPro, it's clear that both have established their places in the financial trading world, albeit with different histories and structures. Founded in 1974, IG is a veteran in the industry, publicly traded, and operates as a bank. It holds an impressive 8 Tier-1 licenses and 2 Tier-2 licenses, contributing to the highest Trust Score of 99 by ForexBrokers.com, marking it as highly trusted. On the other hand, FxPro, founded in 2006, is not publicly traded but does operate as a bank. It holds 2 Tier-1 licenses and 1 Tier-2 license, earning a Trust Score of 93, also placing it within a category of high trust, albeit slightly behind IG.
Both brokers cater to traders who prioritize security and regulatory compliance, with IG's longevity and breadth of licenses offering a potentially more secure option for those who prioritize a long history and wide regulatory approvals. For traders seeking a trustworthy but newer option, FxPro remains a solid choice, reflecting substantial trust through its regulatory credentials, despite being a newer market entrant. Each broker provides reliable trading environments, though IG's extensive regulatory backing might appeal more to those valuing legacy and listed company status.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Year Founded | 1974 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | Yes |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing IG and FxPro regarding commissions and fees, IG holds a slight edge, especially for active traders. IG receives a 5-star rating and ranks 8th out of 62 brokers for commissions and fees. Known for its scalable execution options, IG offers competitive active trader pricing through its Forex Direct accounts, making it appealing for high-volume traders. The average spread on IG's main Forex Direct account during July 2023 was 0.62 pips, with an all-in cost of 0.82 pips, factoring in commissions. For traders qualifying for IG's active trader rebates, significant discounts are available, with spreads potentially lowering to an effective 0.60 pips depending on trading volume. IG also provides a unique DMA account for savvy traders, which offers further discounts and direct market access.
FxPro, on the other hand, is rated 4 stars and ranks 32nd in the commissions and fees category. While FxPro's pricing is generally higher than the industry average, its most competitive spreads are available through the cTrader platform. Here, the effective spread for the EUR/USD pair, considering both spread and commission, is approximately 1.27 pips. However, traders may find the floating-rate spreads on FxPro’s MT4 and MT5 platforms less competitive, with spreads ranging from 1.51 to 1.71 pips. FxPro offers an Active Trader program within its Elite account, providing up to a 30% discount. Despite this discount, FxPro's pricing programs still lag behind top competitors.
In summary, IG and FxPro cater to different trader preferences. IG excels in providing competitive pricing and discounts for high-volume traders, while FxPro offers varied execution methods across platforms. For traders prioritizing low-cost execution, IG stands as a more favorable choice, whereas FxPro appeals to those who value platform variety over pricing efficiency.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Minimum Deposit | £250.00 | $100 |
| Average Spread EUR/USD - Standard | 0.98 | 1.51 |
| All-in Cost EUR/USD - Active | 0.82 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IG and FxPro for their range of investments, IG clearly offers a more extensive variety of options. Both brokers allow forex trading as CFDs or spot contracts, but IG stands out with a staggering 19,537 tradeable symbols compared to FxPro's 2,249. For forex pairs, IG provides access to 97 options, while FxPro offers 70. IG also allows clients to buy exchange-traded securities from both U.S. and international exchanges, letting investors purchase shares like Apple or Vodafone. In contrast, FxPro does not offer shares on U.S. exchanges, limiting this feature to international markets only. Both brokers support trading cryptocurrency derivatives but not the actual digital coins.
FxPro, however, shines by providing a copy trading feature, which IG lacks, giving users the opportunity to replicate successful trades. When it comes to ratings, IG scores a full five stars for their range of investments, securing the fourth spot out of 62 brokers evaluated by ForexBrokers.com. After appraisal, FxPro earns four stars and ranks at number 28 in the same category, reflecting their solid but comparatively limited offerings.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 2249 |
| Forex Pairs (Total) | 97 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
IG and FxPro both provide excellent trading platforms and tools tailored for traders seeking a seamless experience. Each broker offers a free virtual demo account for simulated trading, allowing newcomers to practice without financial risk. They both have developed proprietary platforms, while also supporting popular options like MetaTrader 4 for enhanced functionality. However, FxPro has the added advantage of offering MetaTrader 5, providing more flexibility to traders who prefer this newer version. Both brokers offer Windows-based desktop and web-based platforms, facilitating access across different devices. While IG does not provide copy trading, FxPro has this feature, catering to traders interested in mirroring the strategies of experienced investors.
Charting capabilities present a slight variation; IG and FxPro offer the ability to trade directly from stock charts, with IG providing 20 drawing tools and FxPro offering 25. IG provides five columns for watch lists compared to FxPro's six, allowing for varied customization. Ultimately, IG boasts a slightly higher rating of 5 stars for its trading platforms and tools, ranking second among 62 brokers, indicating its high user satisfaction and comprehensive offerings. FxPro trails with a 4-star rating, positioned at seventeenth, yet still remains a solid choice for traders, especially with its support for newer trading technologies like MT5 and copy trading features.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 53 |
| Charting - Drawing Tools (Total) | 20 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're looking to trade on the go, both IG and FxPro offer commendable mobile trading apps for iPhone and Android devices. Both platforms provide essential features like stock and forex price alerts, the ability to draw trendlines on charts, and real-time quotes for customized watchlists. Additionally, any changes you make to your watchlists or drawings will automatically sync between your mobile app and online account, offering a seamless experience.
When it comes to charting capabilities, FxPro stands out with 65 technical studies compared to IG's 33. Still, IG shines overall with a perfect 5-star rating for its mobile app, making it the top-ranked app among 62 brokers according to ForexBrokers.com. While FxPro boasts a solid 4.5-star rating, it ranks 15th for mobile trading apps, suggesting room for improvement. Ultimately, both apps offer comprehensive functionalities for mobile trading, but IG holds the edge in overall user satisfaction and ranking.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 33 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of IG and FxPro, both brokers stand out by providing daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They also offer sentiment-based trading tools to help traders gauge market trends effectively. However, IG takes it a step further with additional resources, including tools from Autochartist and Acuity Trading. IG also features research from TipRanks, enhancing its lineup of analytical resources.
In contrast, FxPro offers research tools from Trading Central, providing its clients with useful technical analytics. Both brokers provide economic calendars to keep traders updated on global economic events. While both platforms are strong contenders, IG edges out with a five-star research rating and a rank of #2 among 62 brokers according to ForexBrokers.com. FxPro, though well-regarded with a four-star rating, sits at #26 in the same category, showcasing IG's superior research offerings for traders seeking comprehensive market insights.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both IG and FxPro provide a solid foundation with their extensive collection of over 10 educational pieces dedicated to forex and CFDs. Beginners will find plenty to explore, whether they prefer reading articles, watching videos, or diving into archived webinars. However, IG takes it a step further by offering monthly live webinars, something FxPro does not provide. For those who miss these sessions, both brokers maintain searchable archives of past webinars, ensuring that learning can happen anytime, anywhere.
IG also distinguishes itself by catering to both beginners and seasoned traders, offering at least 10 beginner-focused videos as well as advanced content for more experienced individuals. FxPro matches IG in the department of foundational videos, but does not provide the advanced material. Both companies supply a dictionary with over 50 investment terms, catering to those new to trading jargon. With a top rating of 5 stars for education, IG is ranked as the leader out of 62 brokers by ForexBrokers.com, whereas FxPro, with a 4-star rating, holds the 18th position. This difference underscores IG's superior support for those embarking on their trading journey.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IG is better than FxPro. IG finished with an overall rank of #1, while FxPro finished with an overall rank of #21.
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
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Both IG and FxPro provide options to trade cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
Both IG and FxPro provide a variety of options for depositing and withdrawing funds, including ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, but only FxPro supports Skrill as an additional payment method.
Please note:
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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0 of 5| Overall Rating | IG | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | IG Review | FxPro Review |
| Broker Screenshots | IG | FxPro | |
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| Regulation | IG | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1974 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IG | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 2249 | |
| Forex Pairs (Total) | 97 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.82 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | FxPro | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 6 | |
| Charting - Indicators / Studies (Total) | 33 | 53 | |
| Charting - Drawing Tools (Total) | 20 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 33 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | FxPro | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IG Review | FxPro Review |
| Overall | IG | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | IG Review | FxPro Review |
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