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, IG stands out with a strong reputation for competitive commissions and fees, especially benefiting active traders. With scalable execution practices, IG offers multiple methods for trading, including Forex Direct accounts that cater to high-volume traders. The typical spreads on IG's Forex Direct are near the industry average, exemplified by a spread of 0.62 and an all-in cost of 0.82 pips as of July 2023. Volume traders gain substantial benefits, with rebates reaching up to 20% based on trading volume, and those using the DMA account enjoy additional discounts with a tiered pricing model. With a five-star rating and a ranking of 8th out of 63 brokers, IG is a preferred choice for those prioritizing cost-efficient trading.
FxPro, on the other hand, offers execution methods that include both instant and market execution with variable and fixed spread options on platforms like MT4 and MT5. While FxPro provides its most competitive spreads on the cTrader platform, it's positioned at a slight disadvantage due to higher-than-average pricing compared to peers like Pepperstone. The effective spread for trading EUR/USD on cTrader stands at approximately 1.27 pips, combining an average spread and a commission-equivalent. The Active Trader program offers discounts, but the overall package doesn't match up to leading competitors. FxPro holds a four-star rating and ranks 32nd out of 63 brokers for its commissions and fees.
In summary, IG exceeds expectations with its combination of competitive pricing for active traders and a blend of execution methods, benefiting from scalable execution and discounts for high-volume transactions. FxPro’s pricing structure and offerings, while respectable, fall short of the cost-efficiency provided by IG, positioning it behind some of its industry rivals in terms of overall fees and commission advantages.
| 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.
IG and FxPro are two popular online brokers, both offering forex trading as CFDs or spot contracts. When it comes to the variety of tradeable symbols, IG provides a significantly larger selection with 19,537 symbols, compared to FxPro's 2,249. In terms of forex pairs, IG also leads the way with 97 pairs, while FxPro offers 70. IG stands out by allowing clients to invest in U.S. exchange-traded securities like Apple shares and international stocks such as Vodafone, while FxPro only supports international exchange-traded securities.
For cryptocurrency enthusiasts, IG offers the option to buy both actual cryptocurrencies and derivatives, whereas FxPro only supports cryptocurrency derivatives. When it comes to investment opportunities, IG does not offer copy trading, a service available with FxPro. IG is rated 5 stars for its range of investments, which is reflected in its high ranking of 4th out of 63 brokers by ForexBrokers.com. In contrast, FxPro is rated 4 stars, ranking 28th, indicating a narrower range of investment options compared to IG.
| 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) | Yes | 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.
Both IG and FxPro provide users the opportunity to practice trading with their respective free virtual demo accounts. Each broker offers a proprietary platform for tailored trading experiences, and their trading platforms are accessible via Windows-based desktop downloads and web browsers. Both platforms support MetaTrader 4 (MT4), popular among traders, but only FxPro offers access to the more advanced MetaTrader 5 (MT5). When it comes to copying trading strategies, FxPro provides this feature, while IG does not. Neither platform supports DupliTrade or ZuluTrade, but trading directly from stock charts is possible with both brokers.
Chart enthusiasts might appreciate that IG offers 20 drawing tools for charting, whereas FxPro goes slightly higher with 25 options. Regarding watch lists, IG offers five columns for fields, compared to FxPro's six columns. Both platforms are highly praised, yet IG slightly leads the charge with a five-star rating for Trading Platforms and Tools, whereas FxPro earns four stars in the same category. In terms of industry recognition, IG ranks as the second-best out of 63 brokers according to ForexBrokers.com, significantly higher than FxPro, which holds the 17th position.
| 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.
When it comes to mobile trading apps, both IG and FxPro offer solid options for iPhone and Android users, including essential features like stock and forex price alerts, as well as convenient syncing of watchlists between mobile and online accounts. This syncing capability ensures seamless transitions between devices, allowing any changes made in one location to reflect in another. Moreover, both platforms enable traders to draw trendlines on charts, explore multiple time frames, and automatically save any chart drawings. Essential for keeping a pulse on the market, both apps allow users to create personalized watchlists with real-time quotes.
While both IG and FxPro have strong offerings, IG stands out with a higher rating of 5 stars compared to FxPro's 4.5 stars. IG also boasts an impressive first-place ranking among 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com, whereas FxPro is positioned at 15th. Traders looking for more advanced technical analysis tools might prefer FxPro, as it provides 65 technical studies compared to IG's 33. Ultimately, whether you prioritize advanced charting or a top-rated overall experience, both platforms offer excellent mobile solutions for today's trader.
| 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 online brokers IG and FxPro, both stand out for providing daily market commentary and forex news from respected sources like Bloomberg and Reuters. However, where IG truly distinguishes itself is with its partnership with Autochartist, offering advanced technical analysis and fundamental research tools. While FxPro lacks this particular feature, it compensates by providing tools from Trading Central for technical analytics. Both brokers provide sentiment-based trading tools, revealing market trends through the ratio of long and short positions across various instruments. Moreover, IG enhances its research repertoire with services from TipRanks and Acuity Trading, something FxPro does not offer.
Additionally, IG and FxPro both feature comprehensive economic calendars that keep traders informed of key global events. Despite these similarities, IG's market research earned it a five-star rating and a second-place ranking among 63 brokers on ForexBrokers.com, which highlights its superior position in this category. In comparison, FxPro received a four-star rating, occupying the 26th spot. This indicates that while both platforms are strong contenders, IG offers a slightly more extensive range of research tools and resources, positioning it as a top choice for those seeking in-depth 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 comparing the educational resources available for beginners, IG and FxPro both provide valuable content, but IG distinguishes itself with a broader offering. Both brokers deliver a variety of educational pieces that focus on forex and CFDs, ensuring learners have ample material to explore. However, IG goes a step further by offering regular live webinars for clients, creating opportunities for real-time learning and interaction—an option that FxPro does not provide. Additionally, both brokers maintain searchable archives of past webinars, granting easy access to previously recorded sessions for convenient learning at any time.
IG excels further with a vast array of beginner and advanced educational videos, catering to a wide range of learning needs. While both brokers offer at least ten beginner-friendly videos, only IG provides an equally comprehensive selection for advanced traders. Furthermore, both IG and FxPro present investor dictionaries to help learners understand key trading terms. With these offerings, IG is recognized with a five-star education rating and is ranked as the top provider in this category by ForexBrokers.com, while FxPro holds a respectable four-star rating and ranks 18th among its peers.
| 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 63 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
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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While both IG and FxPro offer the ability to trade cryptocurrency derivatives, only IG provides the option to purchase actual delivered 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) | Yes | 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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