Written by ForexBrokers.com
In this head to head comparison of IG vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG, established in 1974, is a publicly traded company and operates as a bank, making it a key player in the online brokerage sector. It boasts an impressive Trust Score of 99 out of 99, according to ForexBrokers.com, reflecting its highly trusted status. This is further supported by IG's eight Tier-1 licenses and two Tier-2 licenses, underscoring its strong regulatory framework and commitment to safety.
FxPro, founded in 2006, is not publicly traded and does not operate as a bank. Despite this, it maintains a solid reputation with a Trust Score of 90 out of 99. FxPro is recognized with two Tier-1 licenses and one Tier-2 license, indicating a significant level of trustworthiness. While it may have fewer regulatory licenses compared to IG, FxPro still stands out as a reliable choice for traders seeking a regulated and trustworthy online broker.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Year Founded | 1974 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing IG and FxPro regarding commissions and fees, IG holds a slight edge, especially for active traders. IG receives a 5-star rating and ranks 8th out of 62 brokers for commissions and fees. Known for its scalable execution options, IG offers competitive active trader pricing through its Forex Direct accounts, making it appealing for high-volume traders. The average spread on IG's main Forex Direct account during July 2023 was 0.62 pips, with an all-in cost of 0.82 pips, factoring in commissions. For traders qualifying for IG's active trader rebates, significant discounts are available, with spreads potentially lowering to an effective 0.60 pips depending on trading volume. IG also provides a unique DMA account for savvy traders, which offers further discounts and direct market access.
FxPro, on the other hand, is rated 4 stars and ranks 32nd in the commissions and fees category. While FxPro's pricing is generally higher than the industry average, its most competitive spreads are available through the cTrader platform. Here, the effective spread for the EUR/USD pair, considering both spread and commission, is approximately 1.27 pips. However, traders may find the floating-rate spreads on FxPro’s MT4 and MT5 platforms less competitive, with spreads ranging from 1.51 to 1.71 pips. FxPro offers an Active Trader program within its Elite account, providing up to a 30% discount. Despite this discount, FxPro's pricing programs still lag behind top competitors.
In summary, IG and FxPro cater to different trader preferences. IG excels in providing competitive pricing and discounts for high-volume traders, while FxPro offers varied execution methods across platforms. For traders prioritizing low-cost execution, IG stands as a more favorable choice, whereas FxPro appeals to those who value platform variety over pricing efficiency.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Minimum Deposit | £250.00 | $100 |
| Average Spread EUR/USD - Standard | 0.98 | 1.51 |
| All-in Cost EUR/USD - Active | 0.82 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IG and FxPro for their range of investments, IG clearly offers a more extensive variety of options. Both brokers allow forex trading as CFDs or spot contracts, but IG stands out with a staggering 19,537 tradeable symbols compared to FxPro's 2,249. For forex pairs, IG provides access to 97 options, while FxPro offers 70. IG also allows clients to buy exchange-traded securities from both U.S. and international exchanges, letting investors purchase shares like Apple or Vodafone. In contrast, FxPro does not offer shares on U.S. exchanges, limiting this feature to international markets only. Both brokers support trading cryptocurrency derivatives but not the actual digital coins.
FxPro, however, shines by providing a copy trading feature, which IG lacks, giving users the opportunity to replicate successful trades. When it comes to ratings, IG scores a full five stars for their range of investments, securing the fourth spot out of 62 brokers evaluated by ForexBrokers.com. After appraisal, FxPro earns four stars and ranks at number 28 in the same category, reflecting their solid but comparatively limited offerings.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 2249 |
| Forex Pairs (Total) | 97 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both IG and FxPro offer traders the chance to hone their skills with free virtual demo accounts, letting users simulate trades without risking real money. Each broker has developed its own proprietary platform, and both also support the popular MetaTrader 4 (MT4). For those seeking more variety, FxPro extends its offerings with MetaTrader 5 (MT5), making it a more versatile choice for platform options. While both brokers provide web-based and Windows-based platforms, IG does not support copy trading, a feature available with FxPro. Neither broker offers DupliTrade or ZuluTrade.
When it comes to tools for charting, FxPro and IG provide ample drawing tools with FxPro offering slightly more: 25 compared to IG’s 20. Both brokers allow users to trade directly from stock charts, enhancing the trading experience. IG and FxPro present comprehensive watch lists with FxPro offering an extra column for customization. As for their ratings, IG shines with a perfect five-star score for Trading Platforms and Tools, securing the #2 rank among 62 brokers. In contrast, FxPro earns a respectable four-star rating, placing it at #18. This distinction highlights IG’s superior platform offerings, appealing to traders looking for top-tier tools.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 53 |
| Charting - Drawing Tools (Total) | 20 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're looking to trade on the go, both IG and FxPro offer commendable mobile trading apps for iPhone and Android devices. Both platforms provide essential features like stock and forex price alerts, the ability to draw trendlines on charts, and real-time quotes for customized watchlists. Additionally, any changes you make to your watchlists or drawings will automatically sync between your mobile app and online account, offering a seamless experience.
When it comes to charting capabilities, FxPro stands out with 65 technical studies compared to IG's 33. Still, IG shines overall with a perfect 5-star rating for its mobile app, making it the top-ranked app among 62 brokers according to ForexBrokers.com. While FxPro boasts a solid 4.5-star rating, it ranks 15th for mobile trading apps, suggesting room for improvement. Ultimately, both apps offer comprehensive functionalities for mobile trading, but IG holds the edge in overall user satisfaction and ranking.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 33 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IG and FxPro both provide a range of market research tools that are useful for traders looking to stay informed. They each offer daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. While both brokers have sentiment-based trading tools and provide economic calendars for global events, some differences in their offering stand out. For instance, IG features research tools from companies like Autochartist and Acuity Trading, adding a depth of analysis not available with FxPro. Conversely, FxPro integrates Trading Central's technical analytics into their platform, which IG does not.
Looking at the overall ratings, IG shines with a 5-star rating for research and holds an impressive rank of #2 among 62 brokers in the Research category by ForexBrokers.com. FxPro holds a respectable 4-star rating, but trails behind at rank #27. However, if you value market insights from TipRanks and prefer more diverse research tools, IG might be the preferred choice. Ultimately, both brokers equip traders with essential resources, yet IG appears to have a slight edge in breadth and recognition for research excellence.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at IG and FxPro, both brokers stand out for offering a wide range of learning materials dedicated to forex and CFDs. New traders can find over ten educational pieces—including articles, videos, and archived webinars—on each platform. However, IG takes it a step further by providing monthly webinars, offering traders the chance to learn in a live setting. While both brokers maintain searchable archives of previous webinars for ongoing learning, IG's regular live offerings add a dynamic dimension to their educational suite that FxPro does not.
IG significantly enhances its beginner offerings with over ten video tutorials specifically designed for beginners, alongside advanced content for more experienced traders. While FxPro also offers educational videos aimed at beginners, their advanced video content does not match IG's volume. For those looking to build their trading vocabulary, both brokers provide an investor dictionary with over 50 key terms explained. Collectively, these offerings have secured IG a top-rated five-star education score and the number one rank in the education category by ForexBrokers.com, compared to FxPro's four-star rating and 17th place ranking.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IG is better than FxPro. IG finished with an overall rank of #1, while FxPro finished with an overall rank of #21.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 90 |
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Both IG and FxPro provide options to trade cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
Both IG and FxPro provide a variety of options for depositing and withdrawing funds, including ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, but only FxPro supports Skrill as an additional payment method.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IG | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | IG Review | FxPro Review |
| Broker Screenshots | IG | FxPro | |
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| Regulation | IG | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1974 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IG | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 2249 | |
| Forex Pairs (Total) | 97 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IG | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.82 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | FxPro | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 6 | |
| Charting - Indicators / Studies (Total) | 33 | 53 | |
| Charting - Drawing Tools (Total) | 20 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 33 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | FxPro | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IG Review | FxPro Review |
| Overall | IG | FxPro | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | IG Review | FxPro Review |
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