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Head-to-head
IG vs FxPro: fees, regulation and platforms compared
IG and FxPro side by side on the things that decide which one suits you: who regulates the company you would join, what a trade costs, which platforms you get and whether you can open an account where you live.
Short answer: Choose IG if you value a long track record: IG was founded in London in 1974. Choose FxPro if you want MT4, MT5, cTrader and TradingView under one broker. Neither of the companies we review accepts US retail forex clients.
IG vs FxPro at a glance
| IG | FxPro | |
|---|---|---|
| Regulation of main companies | FCA, ASIC, DFSA | FCA (UK company), SCB, FSA |
| Minimum deposit | $0 by bank transfer (IG International); cards from $50 | Not confirmed in its own documents (Elite programme $30,000) |
| EUR/USD pricing (headline) | From 0.6 pips, spread-only | From 0.4 pips on cTrader + commission |
| Platforms | IG platform, MT4, ProRealTime | MT4, MT5, cTrader, TradingView |
| US retail forex clients | No (for the CFD business we review) | No |
| Background | Founded 1974, London | Founded 1999, London |
| 1-lot EUR/USD round turn at headline prices | about $6 | not comparable from headline figures |
Round-turn costs use each broker's headline "from" price for 1 standard lot (100,000 units, $10 per pip) including any published commission. Real spreads are often wider. Try your own numbers in our forex cost calculator.
Which should you choose?
Choose IG if:
- you value a long track record: IG was founded in London in 1974
- you are in the UK and want spread betting as well as CFDs
- you want ProRealTime charting
Watch out: MT5 and cTrader are not on its platform list, so EA traders who need MT5 should look elsewhere.
Choose FxPro if:
- you want MT4, MT5, cTrader and TradingView under one broker
- you want an FCA-regulated UK company
Watch out: We could not confirm a standard minimum deposit in its own documents, so check before you apply.
Regulation and safety
IG lists FCA, ASIC, DFSA. FxPro lists FCA (UK company), SCB, FSA. A broker's headline licences do not always cover you: the company that opens your account depends on where you live, and only that company's regulator protects you. Our legal entity guide shows how to check it on the regulator's own register.
Costs
IG: From 0.6 pips, spread-only. FxPro: From 0.4 pips on cTrader + commission. Also compare overnight swap rates if you hold trades, and any deposit, withdrawal, inactivity or currency conversion fees. See spreads and commissions explained.
Platforms
IG: IG platform, MT4, ProRealTime. FxPro: MT4, MT5, cTrader, TradingView. If you run Expert Advisors, check MetaTrader support first; see MT4 vs MT5.
FAQ
Is IG or FxPro cheaper?
Their pricing is structured differently: IG lists from 0.6 pips, spread-only; FxPro lists from 0.4 pips on cTrader + commission. Compare them on a demo account during the hours you trade, or use our cost calculator.
Which is better regulated, IG or FxPro?
IG: FCA, ASIC, DFSA. FxPro: FCA (UK company), SCB, FSA. What matters is the company that would hold your account, which depends on where you live.
Do IG and FxPro accept US clients?
IG: No (for the CFD business we review). FxPro: No.
What is the minimum deposit at IG and FxPro?
IG: $0 by bank transfer (IG International); cards from $50. FxPro: Not confirmed in its own documents (Elite programme $30,000).
Which platforms do IG and FxPro offer?
IG: IG platform, MT4, ProRealTime. FxPro: MT4, MT5, cTrader, TradingView.
More comparisons
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Sources
- Forex Awards IG review (sources listed there)
- Forex Awards FxPro review (sources listed there)
Forex and CFDs are leveraged products and most retail accounts lose money. Forex Awards may earn commissions from some links; see our affiliate disclosure. This is general information, not financial advice.