IG Group vs FP Markets 2026: Which Broker is Better?
Choosing between IG Group and FP Markets depends on your trading style, preferred markets, and budget. IG Group is headquartered in London, UK, while FP Markets operates from Sydney, Australia. IG Group has the longer track record, established in 1974, compared to FP Markets which was founded in 2005. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IG Group
FP Markets
| IG Group | FP Markets | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.8/5 |
| Min. Deposit | $250 | $100 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, TradingView |
IG Group is the better choice overall, scoring 4.3/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIG Group vs FP Markets: Key Differences
IG Group
WinnerFP Markets
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Fees Comparison
IG Group
FP Markets
Regulation & Trust
IG Group holds licences from FCA, ASIC, MAS. FP Markets is regulated by ASIC, CySEC.
Markets & Assets
Both brokers offer access to Cfd, Forex, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, FP Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at IG Group.
Trading Platforms
IG Group supports Proprietary Web, Proprietary Mobile, MT4. FP Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on Proprietary Mobile, MT4.
Minimum Deposit
IG Group requires a minimum deposit of $250, while FP Markets sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IG Group at 4.33/5 and FP Markets at 3.84/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IG Group leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IG Group
4.3/5
Choose IG Group if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- More regulatory licences (4)
- More established (est. 1974)
FP Markets
3.8/5
Choose FP Markets if you want…
- Tighter spreads (from 0 pips)
- Lower minimum deposit ($100)
- Higher leverage (up to 1:500)
- More platforms (4 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both IG Group & FP Markets are available in
Frequently Asked Questions
1Is IG Group better than FP Markets?
IG Group scores higher overall on our independent rating system. IG Group holds a 4.3/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, IG Group or FP Markets?
IG Group offers spreads from 0.6 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IG Group vs FP Markets?
IG Group requires a minimum deposit of $250. FP Markets requires $100.
4Which broker is safer, IG Group or FP Markets?
IG Group is regulated by FCA, ASIC, MAS, SEC, while FP Markets holds licences from ASIC, CySEC.
5What trading platforms do IG Group and FP Markets support?
IG Group supports Proprietary Web, Proprietary Mobile, MT4. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both IG Group and FP Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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