Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of FP Markets' Cyprus entity and IG Markets' Germany entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of FP Markets' Cyprus entity and IG Markets' Germany entity.
FP Markets
74.56% of retail investor accounts lose money when trading CFDs with this provider.
IG Markets
74% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders FP Markets and IG Markets are best suited to, based on what each one actually offers in .IG Markets is better than FP Markets for long-term investors, professional traders and high-volume traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | FP Markets 84 -5 not offered | IG Markets 89 Best 88 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FP Markets and the ones that supervise IG Markets.FP Markets and IG Markets are both regulated by top-tier authorities, FP Markets by CySEC and ASIC (Australia) and IG Markets by BaFin, ASIC (Australia) and the FCA (United Kingdom).
| Section score | FP Markets 100 not offered | IG Markets 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | BaFin (Germany) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FP Markets and IG Markets have in place to protect your money in .Both FP Markets and IG Markets offer segregated client funds and an investor compensation scheme. IG Markets is also a licensed bank.
| Section score | FP Markets 79 -12 not offered | IG Markets 91 Best 91 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2005 | 1974 |
| Parent company i | First Prudential Markets Pty Ltd | IG Group Holdings plc |
| CEO i | Craig Allison | Breon Corcoran |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | UniCredit Bank AG, UniCredit S.p.A., J.P. Morgan SE, CaixaBank, Citigroup, BNP Paribas |
| Brand power | ||
| Number of customers worldwide i | 320,000 | |
| Annual revenue i | USD 987,300,000 | |
| Monthly website search traffic i | 563.6K monthly visits | 97.1K monthly visits |
Costs
What we compare A comparison of what it costs to trade with FP Markets and with IG Markets in , both on each trade and on holding the account.IG Markets is better than FP Markets for CFD/FX costs, since IG Markets is cheaper on EUR/USD, at 8.5 USD per lot (against FP Markets' 9.5 USD), does not charge withdrawal fees, unlike FP Markets, and offers volume discounts, which FP Markets does not. Neither FP Markets nor IG Markets charges inactivity fees or account maintenance fees.
Only IG Markets can be assessed for real stock costs, since FP Markets is a CFD broker and does not offer real stocks.
| Section score | FP Markets 61 -14 not offered | IG Markets 75 Best 75 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 6 | FreeAbout this value. This is the forex commission per lot at IG Europe GmbH (BaFin). At IG Markets' other companies: USD 6 (Australia, other accepted countries), Free (the UK, Japan). |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 9.5 | USD 8.5 |
| S&P 500 fees (CFD) i | 0.25 points | 0.4 points |
| Gold fees (CFD) i | 0.25 points | 0.3 points |
| Bitcoin fees (CFD) i | USD 19.38 | USD 36 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Commission |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 2 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FP Markets and with IG Markets in , and of how many instruments each one gives access to.IG Markets is better than FP Markets for CFD/FX markets, as IG Markets gives access to 17,000 tradable symbols (against FP Markets' 10,000), lets you own stocks and ETFs outright, which FP Markets does not, and offers options on commodities, forex, indices and stocks, which FP Markets does not. Both FP Markets and IG Markets offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
Only IG Markets can be assessed for real stock markets, since FP Markets is a CFD broker and does not offer real stocks.
| Section score | FP Markets 75 -25 not offered | IG Markets 100 Best 100 |
|---|---|---|
| Total tradable symbols i | 10,000 | 17,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | Commodities, Forex, Indices, Stocks | |
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that FP Markets and IG Markets make available to their clients in .IG Markets is better than FP Markets for platforms, as IG Markets offers a proprietary platform and AutoChartist, which FP Markets does not. Both FP Markets and IG Markets offer MetaTrader 4 and TradingView.
FP Markets does not offer real stocks, being a CFD broker, so IG Markets and FP Markets cannot be compared for platforms.
| Section score | FP Markets 80 -11 not offered | IG Markets 91 Best 91 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FP Markets and IG Markets in , and of what each one lets you do from your phone.FP Markets and IG Markets are close on mobile trading, as both offer a proprietary mobile app and the MetaTrader 4 app. FP Markets goes a step further, as it offers the cTrader app and the MetaTrader 5 app.
IG Markets and FP Markets cannot be set side by side for mobile trading, as FP Markets is a CFD broker and does not offer real stocks, unlike IG Markets.
| Section score | FP Markets 93 not offered | IG Markets 93 93 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FP Markets and IG Markets allow on their platforms in .FP Markets and IG Markets are equally good for CFD/FX trading features, since FP Markets allows for high-frequency trading. On the other hand, IG Markets executes orders faster, within 14 ms (against FP Markets' 40 ms), and offers guaranteed stop losses. Both FP Markets and IG Markets offer negative balance protection and trailing stops.
There is no like-for-like comparison for real stock trading features, as FP Markets is a CFD broker and does not offer real stocks.
| Section score | FP Markets 87 -2 not offered | IG Markets 89 85 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | 40 ms | 14 ms |
| Slippage occurrence i | 11% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 30:1 (Australia). | 30:1About this value. This is the major fx pairs leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 30:1 (Australia, the UK), 200:1 (other accepted countries), 25:1 (Japan). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the minor/exotic fx pairs leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 20:1 (Australia, the UK), 133:1 (other accepted countries), 25:1 (Japan). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 200:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the major indices leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 20:1 (Australia, the UK), 200:1 (other accepted countries), 10:1 (Japan). |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 200:1 (other accepted countries), 10:1 (Australia). | 10:1About this value. This is the minor indices leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 10:1 (Australia, the UK, Japan), 200:1 (other accepted countries). |
| Gold leverage i | 20:1About this value. This is the gold leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the gold leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 20:1 (Australia, the UK, Japan), 200:1 (other accepted countries). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 10:1 (Australia). | 10:1About this value. This is the commodities leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 10:1 (Australia, the UK), 67:1 (other accepted countries), 20:1 (Japan). |
| Equities leverage i | 5:1About this value. This is the equities leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 20:1 (other accepted countries), 5:1 (Australia). | 5:1About this value. This is the equities leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 5:1 (Australia, the UK, Japan), 20:1 (other accepted countries). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 5:1 (other accepted countries), 2:1 (Australia). | 2:1About this value. This is the cryptocurrency leverage at IG Europe GmbH (BaFin). At IG Markets' other companies: 2:1 (Australia), 10:1 (other accepted countries). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FP Markets and at IG Markets in , and of who each one is meant for.FP Markets and IG Markets are equally good for CFD/FX account types, since FP Markets offers an ECN account and a raw spread account while IG Markets offers a professional traders account and a spread betting account. Both FP Markets and IG Markets offer a demo account and a corporate account.
IG Markets and FP Markets cannot be compared for real stock account types, because IG Markets is a broker offering both CFDs and stocks while FP Markets is a CFD broker.
| Section score | FP Markets 51 not offered | IG Markets 48 -3 35 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FP Markets and with IG Markets in .FP Markets is better than IG Markets for account opening, since FP Markets offers 2 account base currencies (against IG Markets' 1), supports 3 e-wallets (against IG Markets' 1), and has no minimum withdrawal (against IG Markets' 150 USD). However, IG Markets does not require a minimum deposit at all (against FP Markets' 100 USD).
IG Markets and FP Markets cannot be set side by side for account opening, as FP Markets is a CFD broker and does not offer real stocks, unlike IG Markets.
| Section score | FP Markets 72 Best not offered | IG Markets 65 -7 65 |
|---|---|---|
| Minimum deposit i | USD 100About this value. This is the minimum deposit at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: USD 100 (other accepted countries), USD 0 (Australia). | USD 0 |
| Minimum withdrawal i | USD 0 | USD 150 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, SkrillAbout this value. This is the ewallets at First Prudential Markets Ltd (CySEC). It is different at FP Markets' companies in other accepted countries. | PayPal |
| Local payment methods i | ||
| Account base currencies i | EUR, USDAbout this value. This is the account base currencies at First Prudential Markets Ltd (CySEC). It is different at FP Markets' companies in other accepted countries and Australia. | EURAbout this value. This is the account base currencies at IG Europe GmbH (BaFin). It is different at IG Markets' companies in Australia, other accepted countries, the UK and Japan. |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FP Markets and IG Markets in , in how it can be reached and how fast it answers.FP Markets is better than IG Markets for customer care, because FP Markets offers priority support and call-back requests, which IG Markets does not. Both FP Markets and IG Markets offer a dedicated account manager and phone support.
IG Markets and FP Markets cannot be set side by side for customer care, as FP Markets is a CFD broker and does not offer real stocks, unlike IG Markets.
| Section score | FP Markets 87 Best not offered | IG Markets 78 -9 78 |
|---|---|---|
| Number of languages supported i | 12 | 12 |
| Website languages i | Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FP Markets and IG Markets provide to their clients in .FP Markets and IG Markets are equally good for learning, as both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as FP Markets is a CFD broker and does not offer real stocks.
| Section score | FP Markets 100 not offered | IG Markets 100 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FP Markets vs IG Markets: which one should you choose?
FP Markets
CFD/FX Choose FP Markets if you want a CFD and forex broker for high-frequency trading with cTrader and copy trading.
Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.
IG Markets
CFD/FX Choose IG Markets if you want an online CFD broker with ProRealTime and no minimum deposit.
Stocks Choose IG Markets if you want a broker for securities investing with commission-free US stocks.
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include FP Markets or IG Markets, each scored with the same data and method as this page.
