FP Markets
IG
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Traders of any experience level looking for an easy-to-use trading platform
Australia
UK
Fees
Low trading and non-trading fees, high stock CFD fees
High trading fees, average non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
6
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1-3 days
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 75.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Research, education
Mid-range
Great
Customer service
Security
No protection under ASIC, €20,000 under CySEC, No protection under Financial Services Authority (St. Vincent and the Grenadines)
£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries
2005
1974
Australia, Cyprus, St. Vincent and the Grenadines
UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
FP Markets's service is on par with IG's and a comparison of their fees shows that FP Markets's fees are similar to IG's.
Account opening takes somewhat less effort at FP Markets compared to IG, deposit and withdrawal processes are about the same quality at FP Markets, while customer service quality is somewhat better than IG's.
Our experts rated the trading platform of FP Markets as less user-friendly than the platform of IG, found that clients have access to less markets and products with FP Markets, while IG provides just about the same quality of research and education.