IG vs FxPro Australia 2026 – Expert Comparison for Local Traders

When comparing trading costs for Australian traders, IG generally offers more competitive spreads on major forex pairs. On the standard account, IG's EUR/USD spread averages 0.8 pips, while FxPro's equivalent is around 1.0 pips. For high-volume traders, IG's raw spread account can reduce costs to 0.6 pips plus a small commission, whereas FxPro's cTrader account offers from 0.5 pips but with a $3 per lot commission. On AUD/USD, IG's spread is typically 0.7 pips versus FxPro's 0.9 pips. Australian traders should also consider swap rates, where IG tends to be more favourable for long-term positions. Overall, IG is more cost-effective for scalpers and day traders, while FxPro remains competitive for those using the cTrader platform.

Australian traders have access to a wide range of platforms from both brokers. IG offers its proprietary web platform, MetaTrader 4 (MT4), ProRealTime, and L2 Dealer, catering to different trading styles. FxPro provides MT4, MT5, cTrader, and its own FxPro Edge platform. For Australian traders who value advanced charting and algorithmic trading, IG's ProRealTime is a standout. FxPro's cTrader is excellent for ECN-style trading with depth of market. Mobile trading is robust on both, with IG's app rated slightly higher on the App Store. If you trade indices or shares, IG's platform offers better integration with Australian markets. FxPro's platform selection is more forex-focused, which suits currency specialists.

IG and FxPro both offer excellent execution quality for Australian traders. IG uses a market maker model with no requotes on most instruments, and its execution speed averages under 50ms. FxPro offers ECN execution on cTrader and MT5, with speeds around 30ms. For scalpers and algorithmic traders, FxPro's ECN model provides tighter spreads and direct market access. IG is better for large-volume traders who need guaranteed stop-loss orders on select instruments.

Both IG and FxPro are regulated by the Australian Securities and Investments Commission (ASIC), ensuring strict compliance with local laws. IG Australia Pty Ltd holds AFSL 220440, while FxPro Australia Pty Ltd holds AFSL 508555. This means Australian clients benefit from client money segregation in designated trust accounts, negative balance protection, and access to the Australian Financial Complaints Authority (AFCA) for dispute resolution. Leverage is capped at 30:1 for major forex pairs under ASIC rules. IG has a longer track record in Australia since 2003, while FxPro established its local entity in 2017. Both brokers also hold licenses from other top-tier regulators like the FCA and CySEC, but for Australian traders, ASIC oversight provides the highest level of local protection.

Australian traders can fund their accounts at both IG and FxPro using BPAY, POLi, Bank Transfer, and Credit Card, making deposits seamless and low-cost. IG also supports PayPal and UnionPay, while FxPro adds e-wallets like Neteller and Skrill. Minimum deposits are AUD 200 for IG and AUD 100 for FxPro. BPAY and POLi deposits are usually free and processed within 1–2 hours. Bank transfers may take 1–3 business days but are free for AUD. Withdrawals are processed quickly: IG typically within 24 hours for e-wallets and 1–2 days for bank transfers, while FxPro aims for same-day processing on weekdays. Both brokers do not charge withdrawal fees for AUD bank transfers, though international wire fees may apply. For Australian traders who prefer instant funding, POLi is the fastest option on both platforms.

Both IG and FxPro offer swap-free Islamic accounts for Muslim Australian traders who follow Sharia law. FxPro's Islamic account is available on all account types (MT4, MT5, cTrader) and is well-regarded for its transparent fee structure—no hidden swap charges, but a small administration fee may apply on positions held beyond a certain period. IG's Islamic account is available on request and applies to standard accounts, but it may have limited instrument availability, particularly on indices and commodities. For Australian Muslim traders who trade forex actively, FxPro's Islamic account is generally more flexible and easier to set up. Both brokers require a declaration of faith to open an Islamic account.

Australian traders receive dedicated support from both brokers. IG offers 24/5 phone support in English, with an Australian-based team available during Sydney business hours. FxPro provides 24/5 multilingual support via live chat, email, and phone, with an Australian phone number. IG's support is slightly faster for local Australian queries, while FxPro's live chat is more responsive for after-hours trading. Both brokers have extensive FAQ sections tailored to Australian clients.