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

Features & PlatformsFP Markets (visit site)IG Markets (visit site)
Headquarter:AustraliaUK
Established :
20051974
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-PartyThird-Party
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
214
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 HostingAPI Trading
Unique Feature Two:
MT4/MT5 plugins + AutochartistMT4 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 MarketsFP MarketsIG Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:200
Maximum Pro Leverage:
1:5001:200

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 & FeesFP MarketsIG Markets
Minimum Raw Spreads:
0.0 pipsNot applicable
Minimum Standard Spreads:
1.0 pips0.6 pips
Minimum Commission for Forex:
$6.00 per Round LotCommission-free
Commission for Equities:
0.10% with $10 minimum0.10% or $0.02/share (US)
Rebates:
NoYes
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 RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission371/18
Australia
Australian Securities & Investments Commission286354
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated

IG Markets

Country of the RegulatorName of the RegulatorLicense Number
UK
Financial Conduct Authority195355
Cyprus
Cyprus Securities and Exchange Commission378/19
Germany
Federal Financial Supervisory Authority10148759
Switzerland
Swiss Financial Market Supervisory AuthorityConfirmed, but no regulatory license number
Dubai
Dubai Financial Services AuthorityF001780
South Africa
Financial Sector Conduct Authority41393
Singapore
Monetary Authority of SingaporeConfirmed, but no regulatory license number
Japan
Japanese Financial Services AgencyUnconfirmed
Australia
Australian Securities & Investments Commission220440 & 515106
New Zealand
Financial Markets AuthorityFSP18923

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

ProsCons
Choice of trading platforms and auxiliary trading tools Availability of Iress geographically restricted
Very competitive cost structure and excellent asset selectionLimited commodities and metals selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy

IG Markets

ProsCons
Excellent choice of trading platforms and superior asset selectionLimited deposit and withdrawal methods
Competitive trading costs with a volume-based cash rebate programHigher 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.

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