FP Markets vs IG (2026): In-Depth Comparison for India Traders

For Indian traders, trading costs are a major factor, especially when scalping or trading high volumes. FP Markets offers spreads from 0.0 pips on its Raw account with a $3 commission per lot, making it highly competitive. IG's standard spreads start at 0.6 pips on EUR/USD with no commission, but its active trader discounts require high monthly volumes. Over 100 lots per month, FP Markets saves you approximately $300 compared to IG. Additionally, FP Markets does not charge deposit fees for UPI or USDT, while IG may apply conversion fees for INR deposits. For cost-conscious Indian traders, FP Markets is the clear winner.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Indian traders for their advanced charting and automated trading. FP Markets also provides its own WebTrader and mobile app with one-click trading. IG stands out with its proprietary platform, which includes advanced charting, news integration, and a vast library of indicators. For Indian traders who use Expert Advisors (EAs) or copy trading, FP Markets' MT4/MT5 support is superior. IG’s platform is better for those who prefer an all-in-one trading experience with integrated analysis tools.

FP Markets offers ultra-fast execution with an average speed of 40 ms, supported by Equinix NY4 data centers. IG also provides fast execution with an average of 50 ms. Both brokers use No Dealing Desk (NDD) execution, ensuring no re-quotes. For Indian scalpers and day traders, FP Markets’ slightly faster execution and lower latency can make a difference in volatile markets.

FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while IG is regulated by the FCA (UK), ASIC, and others. For Indian traders, the key difference is leverage: FP Markets offers up to 1:500 under its international entity, whereas IG UK limits leverage to 1:30 for retail clients. SEBI does not regulate either broker, so traders must rely on the broker's home regulator. Both brokers offer negative balance protection and segregated client funds. However, FP Markets’ higher leverage is more attractive for Indian traders with smaller capital looking to maximize returns.

FP Markets supports a wide range of local payment methods for Indian traders: UPI, IMPS, NEFT, Skrill, and USDT. Deposits are instant and free of charge, with USDT providing an additional layer of privacy. Withdrawals are processed within 24 hours via the same methods. IG, on the other hand, primarily accepts bank transfers and credit/debit cards, plus Skrill. UPI and USDT are not directly supported. FP Markets also offers zero withdrawal fees, while IG may charge for international wire transfers. For Indian traders who value convenience and speed, FP Markets is the better choice.

Both FP Markets and IG offer Islamic (swap-free) accounts for Muslim traders in India. FP Markets provides swap-free accounts on all account types upon request, with no additional fees. IG offers Islamic accounts on selected markets but may apply an administration fee after holding positions for a specified period. FP Markets’ policy is more straightforward and cost-effective for long-term swing traders. Indian Muslim traders should request these accounts during registration to ensure compliance with Sharia law.

FP Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Indian clients. IG provides 24/5 support with a strong knowledge base and webinars. For Indian traders trading during Asian hours, FP Markets’ round-the-clock support is more reliable. IG’s support is excellent but may have limited availability during weekends.