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Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
In the fast-paced world of forex trading, choosing the right broker is crucial. IG and FxPro are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between IG and FxPro across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated IG and FxPro, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, IG earned a higher trust rating than FxPro.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that IG has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FxPro and IG offer copy trading.
A broader range of CFD instruments provides more trading opportunities. IG offers a greater variety of instruments compared to FxPro:
For those interested in trading cryptocurrencies, FxPro offers 30 cryptocurrencies, while IG offers 10 cryptocurrencies. Therefore, FxPro is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither FxPro nor IG charges a withdrawal fee. Overall, IG has better deposit and withdrawal processes than FxPro.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
IG has better educational support than FxPro. Both FxPro and IG offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that IG offers better research analysis than FxPro and that both FxPro and IG offer frequent webinars.
Founded in London in 1974, IG is one of the most established brokers in the world and is known for its competitive pricing, secure trading environment, and wide market access.
With over 320,000 clients globally, IG has been the largest CFD broker in the world by revenue for several years. Clients can trade more than 17,000 instruments with no minimum deposit requirement, including forex, indices, shares, commodities, ETFs, and bonds. All markets are available via IG’s award-winning proprietary platforms, MetaTrader 4, TradingView integration, and L2 Dealer for direct market access.
For traditional investors, IG also operates a fully licensed UK stockbroking service. Alongside its diverse market range, IG offers an exceptional suite of trading tools, professional-grade analysis, and one of the best educational resources in the industry, making it an excellent choice for both beginner and experienced traders.
Founded in 2006, FxPro is an well-regulated broker offering traders a secure trading environment, competitive pricing, and a broad choice of platforms.
FxPro offers four CFD accounts (MT4 Standard, MT4 Raw+, MT5 Standard, and cTrader). All accounts feature fast execution and access to over 2,100 CFDs across multiple asset classes. Platform choice includes MetaTrader 4, MetaTrader 5, cTrader, and the FxPro Edge web and mobile app.
FxPro allows hedging, scalping, and algorithmic trading on all platforms except its own. FxPro also offers a number of trading tools, including free access to Trading Central, a number of calculators, and a VPS service at an additional cost, which is in line with what is offered at other brokerages.
For more detailed reviews, please read our comprehensive assessments of IG and FxPro.
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Broker | Overall Rating Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability. | Official Site Click to visit the broker’s official website for more information and to open an account. | Min. Deposit The minimum amount of money required to open an account with this broker. | Min. Spread | Trading Cost | Licenced by Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading. | Accepts Traders from %s | Compare Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side. |
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 | USD 0 | 0 pips | USD 7 |  | jp, es, us, ca | |||
 | USD 3 | 0.10 pips | USD 7 |     | at, be, bg, cy, cz, de, dk, ee, el*, es, fi, fr, hr, hu, ie, it, lt, lu, lv, mt, nl, pl, pt, ro, se, si, sk, us, ca, au, nz, il, iq, sy, ir, kp, my, ye, sg, pr, gu | |||
 | USD 0 | 0 pips | USD 10 | | jp, be, el, lt, pt, bg, es, lu, ro, cz, fr, hu, si, dk, hr, mt, sk, de, it, nl, fi, ee, cy, at, se, ie, lv, pl | |||
| USD 5 | 0.60 pips | USD 6 |  | us, es, ca, ir, il | |||
 | USD 100 | 0.90 pips | USD 9 |    | es, be, cu, ir, kp, sy, us, nz, ru, by, lb, ye, im, uk, je, gg, af, dz, iq, ps, in | |||
 | USD 100 | 1 pips | USD 10 |  | jp, es | |||
 | USD 100 | 0.40 pips | USD 14 | | es | |||
 | USD 100 | 0 pips | USD 6 | | jp, es | |||
 | USD 200 | 0.10 pips | USD 8 | | jp, es | |||
 | USD 0 | 0.80 pips | USD 7 |  | us, es |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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