IG Markets versus FP Markets
Traders at IG Markets get one of the most competitive MT4 trading environments with an upgraded MT4 trading platform with 18 add-ons and the Autochartist plugin. IG Markets also offers its proprietary web-based trading platform, ProRealTime, L2 Dealer, and API trading for advanced algorithmic solutions.
FP Markets provides an excellent MT4/MT5 trading environment due to its twelve plugin upgrades and Autochartist. It also deploys its high-quality Iress trading platform and an in-house social trading service alongside Myfxbook Autotrade. Asset managers get the MAM/PAMM module.
Both brokers offer research and education for beginner traders with quality trading tools and services.
We have conducted an in-depth review of IG Markets and FP Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- IG Markets versus FP Markets - Verdict
Features and Platforms
| Features & Platforms | FP Markets (visit site) | IG Markets (visit site) |
 |  | |
| Headquarter: | Australia | UK |
Established : | 2005 | 1974 |
Retail Loss Rate: | 75.31% | 68.00% |
Regulation: | ||
Minimum Deposit: | $100 | $250 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | No | $12 monthly after 24 months |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 21 | 4 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | VPS Hosting | API Trading |
Unique Feature Two: | MT4/MT5 plugins + Autochartist | MT4 plugins + Autochartist |
Broker Offers: |
Noteworthy:
IG Markets serves advanced and institutional traders best. FP Markets remains a better choice for retail and social traders while offering a high-quality, competitive institutional-grade products and services portfolio.
Available Markets
| Available Markets | FP Markets | IG Markets |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:500 | 1:200 |
Maximum Pro Leverage: | 1:500 | 1:200 |
Both brokers maintain a well-balanced asset selection, but IG Markets has a notable lead. It offers a higher quantity of trading instruments per sector plus thematic portfolios. FP Markets has a smaller asset selection unless clients get the geographically restricted Iress platform, but sufficient assets for beginners and those with focused strategies.
Typical Spreads and Fees
| Typical Spreads & Fees | FP Markets | IG Markets |
Minimum Raw Spreads: | 0.0 pips | Not applicable |
Minimum Standard Spreads: | 1.0 pips | 0.6 pips |
Minimum Commission for Forex: | $6.00 per Round Lot | Commission-free |
Commission for Equities: | 0.10% with $10 minimum | 0.10% or $0.02/share (US) |
Rebates: | No | Yes |
Execution Type: | No Dealing Desk (NDD) | Market Maker/ECN |
Trading costs are almost identical, but IG Markets has a volume-based rebate program. The commission-free Forex cost structure at IG Markets and the commission-based alternative at FP Markets have the same minimum costs, placing both brokers at the top of low-cost pricing environments.
Security and Trust
FP Markets
| Country of the Regulator | Name of the Regulator | License Number |
Cyprus | Cyprus Securities and Exchange Commission | 371/18 |
Australia | Australian Securities & Investments Commission | 286354 |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated |
IG Markets
| Country of the Regulator | Name of the Regulator | License Number |
UK | Financial Conduct Authority | 195355 |
Cyprus | Cyprus Securities and Exchange Commission | 378/19 |
Germany | Federal Financial Supervisory Authority | 10148759 |
Switzerland | Swiss Financial Market Supervisory Authority | Confirmed, but no regulatory license number |
Dubai | Dubai Financial Services Authority | F001780 |
South Africa | Financial Sector Conduct Authority | 41393 |
Singapore | Monetary Authority of Singapore | Confirmed, but no regulatory license number |
Japan | Japanese Financial Services Agency | Unconfirmed |
Australia | Australian Securities & Investments Commission | 220440 & 515106 |
New Zealand | Financial Markets Authority | FSP18923 |
Both brokers segregate client deposits from corporate funds and provide negative balance protection. IG Markets is a publicly listed company and a FTSE250 constituent, while FP Markets caters to most traders from its unregulated but duly registered St. Vincent and the Grenadines subsidiary. Both remain equally secure, trustworthy, and reliable multi-asset brokers, but FP Markets has an overall edge.
FP Markets vs IG Markets – Verdict
FP Markets
| Pros | Cons |
| Choice of trading platforms and auxiliary trading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | Limited commodities and metals selection |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
IG Markets
| Pros | Cons |
| Excellent choice of trading platforms and superior asset selection | Limited deposit and withdrawal methods |
| Competitive trading costs with a volume-based cash rebate program | Higher minimum deposit requirement, but within a reasonable demand |
| Outstanding trading environment for algorithmic trading, including API support | |
| Comprehensive educational tools for beginner traders |
Professional and institutional clients may benefit from the wealth of the IG Markets offering, but FP Markets caters better to millennial and GenZ traders. It provides institutional-grade core services, including low trading costs, fast order execution, deep liquidity, and high leverage. FP Markets also caters well to beginners and social trading strategies.
IG is good for trading as it provides a cutting-edge and industry-leading trading environment. It features deep liquidity, low trading costs, and full support for advanced algorithmic trading solutions.
FAQs
Is FP Markets regulated in the USA?
FP Markets is unregulated in the USA.
Is FP Markets regulated in the UK?
FP Markets is unregulated in the UK but caters to UK-based clients either from its Cyprus or St. Vincent and the Grenadines subsidiaries.
Is IG good for trading?
IG is good for trading as it provides a cutting-edge and industry-leading trading environment. It features deep liquidity, low trading costs, and full support for advanced algorithmic trading solutions.
Is FP Markets a true ECN broker?
FP Markets has an ECN pricing model and works with numerous liquidity providers via the ECN.
Is FP Markets good for beginners?
FP Markets is an excellent choice for beginners. It offers quality education, research, social trading, and managed portfolios.
How do I withdraw money from FP Markets?
The secure back office of FP Markets handles all financial transactions in a fast and efficient manner.