FP Markets vs IG Group 2026: Which Broker is Better?

Regulation & Safety

FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies are known for their stringent oversight, ensuring that client funds are protected. ASIC mandates that brokers segregate client funds in top-tier banks, offering a layer of safety that is crucial for traders. CySEC regulations also promote transparency and fairness, making FP Markets a reliable choice for traders concerned with regulatory compliance.

IG Group, on the other hand, is regulated by multiple top-tier authorities, including the Financial Conduct Authority (FCA) in the UK, ASIC in Australia, the Monetary Authority of Singapore (MAS), and the US Securities and Exchange Commission (SEC). This extensive regulatory framework offers an enhanced level of protection and oversight, appealing to traders who prioritise security. IG Group's adherence to these regulations ensures robust client fund protection and operational transparency.

Fees & Spreads

FP Markets offers competitive spreads starting from 0.0 pips on their Raw account, though a commission of $3 applies per lot. This pricing structure is particularly attractive for high-frequency traders who require tight spreads. The minimum deposit is $100, which is accessible for most retail traders. However, traders should be aware of potential overnight fees, which can add to trading costs depending on the asset class and duration of the trade.

IG Group's spreads start from 0.6 pips with no commission, which simplifies the fee structure for traders who prefer to avoid additional costs. However, IG Group requires a higher minimum deposit of $250. Despite this, the broker offers a comprehensive fee breakdown, though it may be complex for beginners. IG Group also charges an inactivity fee after two years, which should be considered by traders who may not trade regularly.

Trading Platforms

FP Markets offers a robust suite of platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and a proprietary mobile app. This variety caters to both novice and advanced traders, providing access to powerful analytical tools and customisable interfaces. In contrast, IG Group provides a proprietary web and mobile platform along with MT4. Their proprietary platforms are noted for their user-friendly design and integration of ProRealTime charts, offering advanced charting features that appeal to technical traders.

Who Should Choose FP Markets?

• Traders seeking the tightest spreads, starting from 0.0 pips.
• Traders who prefer using TradingView for advanced analysis.
• Traders looking for high leverage, up to 1:500.
• Traders with a lower initial capital requirement, with a minimum deposit of $100.

Who Should Choose IG Group?

• Traders valuing extensive market coverage, with access to over 17,000 markets.
• Traders who prioritise top-tier regulation and security.
• Traders interested in comprehensive research tools and news services.
• Traders looking for advanced charting features with ProRealTime.

Our Verdict

FP Markets is the better choice for beginners due to its lower minimum deposit and tighter spreads. IG Group is more suitable for professional traders seeking extensive market access and superior research tools. On fees, FP Markets offers a more competitive edge with lower costs for frequent trades, despite the commission on Raw accounts.