Choose FP Markets if you want…
Australian + EU traders wanting deep equity CFD coverage via IRESS plus ECN FX execution from a dual-tier-1 broker.
FP Markets
⭐ 4.5 / 5
VS
IG
⭐ 4.6 / 5
FP Markets vs IG — which broker is better in 2026?
We compared FP Markets and IG across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. IG wins on more criteria (3 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
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| FP Markets | IG | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.5 / 5 | ⭐ 4.6 / 5 | IG |
| Regulators | ASIC, CySEC, FSCA, FSA SVG | FCA, ASIC, BaFin, MAS, FSCA, FINMA, FSA Japan, BMA Bermuda, CFTC/NFA | IG |
| Min. deposit | $100 | $0 (no minimum) | IG |
| Spreads from | 0.0 pips (Raw) | 0.6 pips (FX) / 0.4 points (FTSE) | FP Markets |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | Up to 1:30 (EU retail) / 1:200 (Pro) | — |
| Platforms | MT4, MT5, cTrader, IRESS, FP Markets Mobile | IG WebTrader, MT4, ProRealTime, L2 Dealer, TradingView | Tie |
| Founded | 2005 | 1974 | — |
| HQ | Sydney, Australia | London, United Kingdom | — |
Pros & cons compared
FP Markets pros
- ✓ Founded 2005 — 20+ year operating history
- ✓ ASIC + CySEC dual tier-1 regulation
- ✓ Raw account: 0.0 pips + $3/lot commission per side
- ✓ Five platforms incl. IRESS — DMA access to ASX & global equities
- ✓ 10,000+ share CFDs across 9 international exchanges
Cons
- ✗ $100 minimum deposit higher than budget brokers
- ✗ Smaller brand than IC Markets / Pepperstone
- ✗ IRESS platform has steeper learning curve than MT4
IG pros
- ✓ Founded 1974 — oldest CFD/spread-bet broker (LSE: IGG)
- ✓ Nine tier-1 regulators across UK, US, EU, APAC, Africa
- ✓ 17,000+ instruments — broadest in retail FX/CFD industry
- ✓ L2 Dealer DMA + ProRealTime for advanced traders
- ✓ Direct US CFTC/NFA regulation (one of few non-US brokers)
Cons
- ✗ Spreads on Standard account (0.6 pips FX) not the absolute tightest
- ✗ Proprietary platform learning curve
- ✗ EU leverage 1:30 (ESMA)
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Which one should you choose?
Choose IG if you want…
Serious traders wanting institutional-grade regulation, deep market access, and DMA capability.
Frequently asked questions
Which is better — FP Markets or IG?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), IG wins 3 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is FP Markets more regulated than IG?
FP Markets holds licenses from: ASIC, CySEC, FSCA, FSA SVG. IG holds licenses from: FCA, ASIC, BaFin, MAS, FSCA, FINMA, FSA Japan, BMA Bermuda, CFTC/NFA. IG has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at FP Markets vs IG?
FP Markets spreads start from 0.0 pips (Raw). IG spreads start from 0.6 pips (FX) / 0.4 points (FTSE). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, FP Markets or IG?
FP Markets: $100. IG: $0 (no minimum). IG has the lower entry barrier.