Broker comparison · updated 2026-07-09
IG vs FP Markets
IG and FP Markets are both multi-entity CFD/forex brokers, but they differ in platform mix, deposit rules, and how much varies by jurisdiction.
Our verdict
IG has the edge overall.
IG is the stronger pick if you value a large public company, detailed fee disclosures, and a broad set of regional entities with clear client-money language. FP Markets is more platform-flexible on paper, with MT4, MT5, cTrader, and TradingView, and it publishes a simple $100 minimum for Standard and Raw MT4/MT5 accounts. The trade-off is that both brands require careful entity checks before funding, and protections differ by country. For most readers, the edge goes to IG on transparency and legal documentation; FP Markets is the better fit for traders who prioritize platform choice and a straightforward entry deposit.
IGIG vs FP Markets at a glance
| IG |
 FP Markets |
|
|---|---|---|
| Our comparison score | 67.5 / 100 | 67 / 100 |
| Founded | 1974 | 2005 |
| Primary regulators | FCA; others vary | ASIC; CySEC; others vary |
| Platforms | Web, mobile, MT4 | MT4, MT5, cTrader, TradingView |
| Minimum deposit | £50 card; no bank min | US$100 standard/raw |
| Inactivity fee | Not clearly published here | US$10/month on STL entity |
| Deposits/withdrawals fee | No fee unless FX conversion | Not clearly published here |
marks the stronger side on that row. Key numbers were re-checked on 2026-07-09. Terms differ by legal entity and country — confirm on the broker's own legal pages before funding.
Score breakdown
How IG and FP Markets earn their comparison scores, component by component — same methodology as every review on this site.
Fees: IG vs FP Markets on spreads, deposits, and inactivity
IG publishes a detailed fee schedule and says it does not charge deposit or withdrawal fees unless currency conversion is involved; its standard forex conversion fee is 0.7%. For UK cards, IG says the minimum deposit is £50 by card and there is no minimum for bank transfer, while other regions can show different thresholds on the payment screen. FP Markets states that spreads on its MT4/MT5 Raw accounts can start from 0.0 pips, with commission as low as US$3 each way, and its official client agreement for its Saint Lucia entity shows a monthly inactivity fee of US$10 or equivalent. On funding, FP Markets publicly lists cards, bank transfer, Skrill, and Neteller, so it is more explicit about e-wallets than IG in the sources reviewed. Terms differ by legal entity and country.
Platforms: IG vs FP Markets on available trading software
IG’s current help and product pages confirm web and mobile trading, plus MT4 in supported regions. Its documentation also shows MT4-specific pricing and market data across forex, indices, commodities, and crypto derivatives in some jurisdictions. FP Markets has the broader platform list: MT4, MT5, cTrader, and TradingView are all advertised on its official site, and its fee pages cover both MT4 and MT5 accounts. For traders who want the widest choice of execution and charting tools, FP Markets has the clearer advantage. IG still looks strong for users who want a more established all-round broker with a simpler platform menu, but it does not match FP Markets on breadth of supported third-party platforms. Availability still depends on the exact entity and region.
Regulation: IG vs FP Markets across legal entities
IG operates through multiple regulated entities, and its public materials confirm UK FCA oversight for the UK business, along with other regional regulators depending on where the client is onboarded. IG also discloses that client money is held in segregated bank accounts under trustee arrangements. FP Markets also runs a multi-entity structure and publicly references ASIC and CySEC, with additional FSCA and Seychelles-related disclosures on its site. That makes both brokers reasonably well-documented at the brand level, but neither should be treated as a single global rule set. The key comparison point is not just which firm is regulated, but which legal entity actually holds the account. In that respect, IG has the cleaner public explanation of client money handling, while FP Markets has the more compact entity stack for many retail comparisons.
Funding: IG vs FP Markets deposit and withdrawal rules
IG’s current help pages say the minimum card deposit is $50 in some account flows, with no minimum for bank transfer, and withdrawals can be made back to a card or by bank transfer after verification. It also states that deposits are immediate by card and usually clear in one business day by HK FPS where available. FP Markets’ official materials show a simpler headline deposit figure: US$100 or equivalent for Standard and Raw MT4/MT5 accounts. Its published funding methods include cards, bank transfer, Skrill, and Neteller. On pure convenience, FP Markets is easier to summarize; on detail and current operational rules, IG is more explicit. Either way, the exact funding menu can differ by jurisdiction, payment rail, and account type, so the legal entity matters before transfer.
Research and market info: IG vs FP Markets
IG’s help center and product pages provide extensive market-specific pricing information, including minimum and average spreads across forex, indices, commodities, and other instruments. That makes it easier to check what a trade may cost before opening an account. FP Markets’ public fee pages are more concentrated on account structures and commission levels, with useful spread and commission disclosures on MT4 and MT5, but less of the broad market-by-market detail IG publishes in the reviewed sources. If your main concern is pre-trade cost visibility, IG has the stronger public documentation. If you mainly want to see platform options and a basic spread/commission framework, FP Markets is still solid, just less expansive in the material reviewed. Research quality should be judged by the exact entity and product line offered to you.
Which broker fits you
- You want a broker with deeper public fee disclosure
- You prefer FCA-facing legal structure and client-money detail
- You want a long-established mainstream broker profile
- You care more about documentation than platform breadth
- You want MT5, cTrader, and TradingView in one place
- You want a simple published $100 entry deposit
- You care more about platform choice than legal-structure detail
- You are comparing non-US, non-UK onboarding options
Common questions
Is IG better than FP Markets for fees?
IG is better documented on fees in the sources reviewed. It publishes deposit and withdrawal rules, conversion charges, and market-by-market spread information. FP Markets publishes competitive spread and commission data, but its public fee detail is narrower. Which is cheaper in practice depends on the exact entity, instrument, and account type.
Does FP Markets offer more platforms than IG?
Yes. FP Markets publicly lists MT4, MT5, cTrader, and TradingView. IG’s current documentation confirms web, mobile, and MT4 in supported regions. If platform selection is a deciding factor, FP Markets has the wider lineup in the material reviewed.
Are IG and FP Markets available in the US?
FP Markets says it is not available to some residents, including the US and UK, and IG availability depends on the specific regional entity and product line. Because both brokers operate through different legal entities, availability must be checked at the onboarding step for your country.
Which broker has the lower minimum deposit, IG or FP Markets?
IG can be lower for card deposits, with a $50 minimum in the help center pages reviewed, and no minimum for bank transfer in that same context. FP Markets publishes a $100 minimum for its Standard and Raw MT4/MT5 accounts. The better answer still depends on payment method and entity.