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FxPro vs IG Markets: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

IG Markets is better than FxPro for CFD trading in India by a small margin, because it has a lower EUR/USD cost (8.60 USD per lot against 11.70 USD) and asks for no minimum deposit, against the 100.00 USD required by FxPro. It runs ProRealTime next to MetaTrader 4, MetaTrader 5 and TradingView, and covers more tradable symbols (17,000 against 2,100), with options. FxPro, on the other hand, offers cTrader, allows high-frequency trading strategies and holds the account in 7 base currencies against 6. FxPro holds licences from CySEC, the SCB, the FCA, the FSA (Seychelles) and the FSC (Mauritius), and IG Markets from BaFin, the BMA, the FCA and the JFSA. Their execution times are close, 13 ms at FxPro and 14 ms at IG Markets. Both offer a demo account without expiry, a guaranteed stop loss, withdrawals in 1 day, and CFDs on commodities, crypto, forex, indices and shares.

FxPro

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country FxPro accepts clients from the country this site is for.
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

72.87% of retail investor accounts lose money when trading CFDs with this provider.

Best overall

IG Markets

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country IG Markets accepts clients from the country this site is for.
87CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

69% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders FxPro and IG Markets are best suited to, based on what each one actually offers in India.
1 / 12

IG Markets is better than FxPro for options traders. Professional traders, high-volume traders and scalpers can choose either IG Markets or FxPro.

Best for
Overall score FxPro 82 -5 IG Markets 87 Best
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 FxPro and the ones that supervise IG Markets.
2 / 12

FxPro and IG Markets are both regulated by top-tier authorities, FxPro by CySEC and the FCA (United Kingdom) and IG Markets by BaFin, the FCA (United Kingdom) and the JFSA (Japan).

Regulation
Section score FxPro 100 IG Markets 100
Tier-1 regulators
ESMA (European Union) i
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 FxPro and IG Markets have in place to protect your money in India.
3 / 12

Both FxPro and IG Markets offer segregated client funds and two-factor authentication. FxPro also offers additional money insurance. IG Markets is also a licensed bank.

Safety
Section score FxPro 74 -4 IG Markets 78 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 1974
Parent company i FxPro Group Limited IG Group Holdings plc
CEO i Charalambos Psimolophitis Breon Corcoran
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Barclays, Julius Baer, Royal Bank of Scotland Commonwealth Bank|Westpac|HSBC
Brand power
Number of customers worldwide i 2,180,000 820,000
Annual revenue i USD 900,000 USD 987,300,000
Monthly website search traffic i 323.9K monthly visits 97.1K monthly visits

Costs

What we compare A comparison of what it costs to trade with FxPro and with IG Markets in India, both on each trade and on holding the account.
4 / 12

IG Markets is better than FxPro for costs, since IG Markets is cheaper on EUR/USD, at 8.6 USD per lot (against FxPro's 11.7 USD), has tighter S&P 500 CFD spreads, at 0.4 points (against FxPro's 0.85 points), and has tighter gold CFD spreads, at 0.3 points (against FxPro's 0.34 points). Neither FxPro nor IG Markets charges account maintenance fees or deposit fees.

Costs
Section score FxPro 49 -18 IG Markets 67 Best
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 7 Free
EUR/USD average standard spread i
1.43 pips
0.86 pips
EUR/USD average raw spread i
0.21 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 11.7 USD 8.6
S&P 500 fees (CFD) i 0.85 points 0.4 points
Gold fees (CFD) i 0.34 points 0.3 points
Bitcoin fees (CFD) i USD 15.74 USD 45
US stocks fees (CFD) i Free USD 0.02
Fees on stocks
Stock fee type i Spread Commission
US stocks fees (real) i
ETF fees (real) i
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 FxPro and with IG Markets in India, and of how many instruments each one gives access to.
5 / 12

IG Markets is better than FxPro for available markets, as IG Markets gives access to 17,000 tradable symbols (against FxPro's 2,100), and offers options on commodities, forex, indices and stocks, which FxPro does not. Both FxPro and IG Markets offer CFDs on commodities, crypto, forex, indices and stocks.

Available markets
Section score FxPro 75 -25 IG Markets 100 Best
Total tradable symbols i 2,100 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, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i Commodities, Forex, Indices, Stocks
Assets you can own i

Platform

What we compare A comparison of the trading platforms that FxPro and IG Markets make available to their clients in India.
6 / 12

IG Markets is better than FxPro for platforms, because IG Markets offers a proprietary platform and AutoChartist, which FxPro does not. FxPro and IG Markets both offer MetaTrader 5 and MetaTrader 4.

Platform
Section score FxPro 80 -11 IG Markets 91 Best
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 FxPro and IG Markets in India, and of what each one lets you do from your phone.
7 / 12

FxPro is better than IG Markets for mobile trading, because FxPro offers the cTrader app, a social trading app and a copy trading app, which IG Markets does not. FxPro and IG Markets both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score FxPro 100 Best IG Markets 93 -7
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 FxPro and IG Markets allow on their platforms in India.
8 / 12

FxPro is better than IG Markets for trading features, given that FxPro executes orders faster, within 13 ms (against IG Markets' 14 ms), has less slippage, at 9% (against IG Markets' 11%), and allows for high-frequency trading. Both FxPro and IG Markets offer negative balance protection and trailing stops.

Trading features
Section score FxPro 93 Best IG Markets 89 -4
Trade execution
Broker type i NDD Agency
Average execution time i 13 ms 14 ms
Slippage occurrence i 9% 11%
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 10000:1 200:1
Minor/Exotic FX pairs leverage i 10000:1 133:1
Major indices leverage i 10000:1 200:1
Minor indices leverage i 200:1 200:1
Gold leverage i 10000:1 200:1
Commodities leverage i 500:1 67:1
Equities leverage i 25:1 20:1
Cryptocurrency leverage i 10000:1 10:1
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 FxPro and at IG Markets in India, and of who each one is meant for.
9 / 12

FxPro is better than IG Markets for account types, as FxPro offers a managed account, an ECN account and an Islamic account, which IG Markets does not. FxPro and IG Markets both offer a demo account and a professional traders account.

Account types
Section score FxPro 84 Best IG Markets 48 -36
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 FxPro and with IG Markets in India.
10 / 12

FxPro and IG Markets are equally good for account opening, as FxPro offers 7 account base currencies (against IG Markets' 6), and has no minimum withdrawal (against IG Markets' 150 USD). On the other hand, IG Markets does not require a minimum deposit (against FxPro's 100 USD), and credits deposits faster, within the same day (against FxPro's 1 day). FxPro and IG Markets both offer credit cards and debit cards.

Account opening
Section score FxPro 72 IG Markets 70 -2
Minimum deposit i USD 100 USD 0
Minimum withdrawal i USD 0 USD 150
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i AUD, CHF, EUR, GBP, JPY, PLN, USD AUD, EUR, GBP, HKD, SGD, USD
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 FxPro and IG Markets in India, in how it can be reached and how fast it answers.
11 / 12

FxPro is better than IG Markets for customer care, given that FxPro offers customer support in 18 languages (against IG Markets' 12), has a website in 24 languages (against IG Markets' 12), and offers call-back requests, which IG Markets does not. Both FxPro and IG Markets offer a dedicated account manager and phone support.

Customer care
Section score FxPro 91 Best IG Markets 87 -4
Number of languages supported i 24 12
Website languages i Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish
Website available in English i
Customer support languages i Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, 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 FxPro and IG Markets provide to their clients in India.
12 / 12

IG Markets is better than FxPro for learning, since IG Markets offers webinars and an economic calendar, which FxPro does not. Both FxPro and IG Markets offer education for advanced traders and professional reports.

Learning
Section score FxPro 83 -17 IG Markets 100 Best
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
FxPro
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
IG Markets
Open Account 69% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

FxPro vs IG Markets: which one should you choose?

FxPro

CFD Choose FxPro, regulated by CySEC and the FCA, if you want a forex brokerage service with cTrader and high-frequency trading strategies.

Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
IG Markets

CFD Choose IG Markets, regulated by the FCA and BaFin, if you want a CFD and forex broker with no minimum deposit and ProRealTime.

Open Account 69% of retail investor accounts lose money when trading CFDs with this provider.

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