Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
FxPro
Not regulated in your country FxPro does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
IG Markets
Regulated in your country IG Markets is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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 Australia.IG Markets is better than FxPro for long-term investors and options traders. Professional traders, high-volume traders and scalpers can choose either IG Markets or FxPro.
| Overall score | FxPro 85 -2 not offered | IG Markets 87 88 |
|---|---|---|
| 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.Only IG Markets is regulated in Australia, by ASIC. FxPro holds no licence in Australia and is regulated by CySEC and the FCA (United Kingdom).
| Section score | FxPro 100 not offered | IG Markets 100 100 |
|---|---|---|
| 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 Australia.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.
| Section score | FxPro 74 -4 not offered | IG Markets 78 Best 78 |
|---|---|---|
| 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 | UniCredit Bank AG, UniCredit S.p.A., J.P. Morgan SE, CaixaBank, Citigroup, BNP Paribas |
| Brand power | ||
| Number of customers worldwide i | 2,180,000 | 320,000 |
| Annual revenue i | US$900,000 | US$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 Australia, both on each trade and on holding the account.IG Markets is better than FxPro for CFD/FX costs, since IG Markets is cheaper on EUR/USD, at US$9.48 per lot (against FxPro's US$11.7), has tighter S&P 500 CFD spreads, at 0.36 points (against FxPro's 0.85 points), and has tighter gold CFD spreads, at 0.27 points (against FxPro's 0.34 points). Neither FxPro nor IG Markets charges account maintenance fees or deposit fees.
Only IG Markets can be assessed for real stock costs, since FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 49 -23 not offered | IG Markets 72 Best 75 |
|---|---|---|
| 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 | US$7 | US$6 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.7 | US$9.475 |
| S&P 500 fees (CFD) i | 0.85 points | 0.36 points |
| Gold fees (CFD) i | 0.34 points | 0.27 points |
| Bitcoin fees (CFD) i | US$15.74 | US$40 |
| US stocks fees (CFD) i | Free | US$0.02 |
| Fees on stocks | ||
| Stock fee type i | Spread | Free, Commission, Percentage |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| 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 Australia, and of how many instruments each one gives access to.IG Markets is better than FxPro for CFD/FX markets, as IG Markets gives access to 18,000 tradable symbols (against FxPro's 2,100), lets you own stocks and ETFs outright, which FxPro does not, and offers options on commodities, forex, indices and stocks, which FxPro does not. Both FxPro and IG Markets offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
Only IG Markets can be assessed for real stock markets, since FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 75 -25 not offered | IG Markets 100 Best 100 |
|---|---|---|
| Total tradable symbols i | 2,100 | 18,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | Commodities, Forex, Indices, Stocks | |
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that FxPro and IG Markets make available to their clients in Australia.FxPro is better than IG Markets for platforms, because FxPro offers cTrader, MetaTrader 5 and copy trading, which IG Markets does not. FxPro and IG Markets both offer a proprietary platform and MetaTrader 4.
There is no like-for-like comparison for platforms, as FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 94 Best not offered | IG Markets 91 -3 91 |
|---|---|---|
| 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 Australia, and of what each one lets you do from your phone.FxPro is better than IG Markets for mobile trading, because FxPro offers the cTrader app, the MetaTrader 5 app and a social trading app, which IG Markets does not. FxPro and IG Markets both offer a proprietary mobile app and the MetaTrader 4 app.
FxPro does not offer real stocks, being a CFD broker, so IG Markets and FxPro cannot be compared for mobile trading.
| Section score | FxPro 100 Best not offered | IG Markets 93 -7 93 |
|---|---|---|
| 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 Australia.FxPro is better than IG Markets for CFD/FX 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. The leverage shown for FxPro is set by its Bahamas entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
Only IG Markets can be assessed for real stock trading features, since FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 93 Best not offered | IG Markets 89 -4 85 |
|---|---|---|
| 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 | 200:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 500:1 | 20:1 |
| Major indices leverage i | 200:1 | 20:1 |
| Minor indices leverage i | 200:1 | 10:1 |
| Gold leverage i | 200:1 | 20:1 |
| Commodities leverage i | 200:1 | 10:1 |
| Equities leverage i | 25:1 | 5:1 |
| Cryptocurrency leverage i | 20:1 | 2:1 |
| 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 | US$0 | US$1 |
| 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 Australia, and of who each one is meant for.FxPro is better than IG Markets for CFD/FX 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.
FxPro does not offer real stocks, being a CFD broker, so IG Markets and FxPro cannot be compared for real stock account types.
| Section score | FxPro 95 Best not offered | IG Markets 46 -49 68 |
|---|---|---|
| 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 Australia.IG Markets is better than FxPro for account opening, because IG Markets offers 14 account base currencies (against FxPro's 7), and credits deposits faster, within the same day (against FxPro's 1 day). Neither FxPro nor IG Markets requires a minimum deposit. FxPro holds no licence in Australia.
FxPro does not offer real stocks, being a CFD broker, so IG Markets and FxPro cannot be compared for account opening. FxPro holds no licence in Australia.
| Section score | FxPro 75 -5 not offered | IG Markets 80 Best 80 |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$150 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal | |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, JPY, PLN, USD | AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD, ZAR |
| 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 Australia, in how it can be reached and how fast it answers.FxPro is better than IG Markets for customer care, given that FxPro offers customer support in 18 languages (against IG Markets' 2), has a website in 24 languages (against IG Markets' 12), and offers priority support, which IG Markets does not. Both FxPro and IG Markets offer a dedicated account manager and phone support.
There is no like-for-like comparison for customer care, as FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 91 Best not offered | IG Markets 71 -20 71 |
|---|---|---|
| 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 | English, Chinese |
| 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 Australia.IG Markets is better than FxPro for learning, since IG Markets offers webinars, which FxPro does not. Both FxPro and IG Markets offer education for advanced traders and professional reports.
IG Markets and FxPro cannot be compared for learning, because IG Markets is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | FxPro 88 -12 not offered | IG Markets 100 Best 100 |
|---|---|---|
| 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 vs IG Markets: which one should you choose?
FxPro
CFD/FX Choose FxPro if you want a CFD and forex broker for high-frequency trading strategies, with MetaTrader 5 and cTrader and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
IG Markets
CFD/FX Choose IG Markets if you want an online CFD broker regulated in Australia by ASIC, with no minimum deposit, a wide choice of markets and ProRealTime.
Stocks Choose IG Markets if you want a share dealing service with ETFs, options and commission-free US stocks.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include FxPro or IG Markets, each scored with the same data and method as this page.
