IG Vs. FP Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• Professional traders looking for DMA pricing on their stocks
• Professional traders looking to set up a dedicated VPS
• High volume share traders that benefit from DMA pricing

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• ASIC (Australia)
• CySec (Cyprus)
• FSA (St. Vincent and the Grenadines)

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• Competitive spreads From 0 pips
• MT4 and MT5 offered
• Over 10,000 + shares

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

• No ETFs are offered
• Stock trading commissions are expensive when compared to similar brokers
• Website is slow and confusing
• Fees for the majority of deposit and withdrawal methods

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• FasaPay
• PayTrust
• China Union Pay
• Bpay
• Broker to broker
• Sticpay
• Plusdebit
• Rupee Payments
• Dragonpay
• Perfect Money
• Paylivre
• Rapyd
• Finrax
• Fairpay

SY, IR.

US, JP, BE, NZ, SY.

After 24 months of inactivity, IG charges an $18 monthly fee.

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

• No commission on their Standard Account
• $3 per side (lot) commission on their RAW Account