IG vs FxPro 2026: Cyprus Trader Comparison

For Cyprus traders, trading costs are a key factor, especially for those trading volumes above $10,000 monthly. IG's standard spreads on EUR/USD average 0.8 pips, while FxPro's Raw Spread account offers from 0.6 pips on the same pair. However, IG charges a commission of $5 per lot on its direct market access (DMA) accounts, whereas FxPro's Raw Spread account has a commission of $3.50 per lot. On indices like the Germany 40, IG's spread is 1 point versus FxPro's 1.5 points. For Cyprus traders who trade frequently, FxPro's lower forex spreads can save significant costs, but IG's tighter index spreads may be better for diversified portfolios.

Both brokers offer robust platforms tailored for Cyprus traders. IG provides its proprietary web platform, MetaTrader 4 (MT4), and ProRealTime, which are well-suited for retail traders who want advanced charting and automated trading. FxPro also offers MT4, MT5, and its own cTrader platform, which is popular among Cypriot scalpers for its fast order execution and depth of market. For mobile traders, both have dedicated apps with full functionality, including alerts and one-click trading. IG's platform is more intuitive for beginners, while FxPro's cTrader appeals to experienced traders needing granular control.

FxPro boasts an average execution speed of 0.1 seconds on its cTrader platform, using No Dealing Desk (NDD) technology, which is ideal for Cyprus scalpers. IG offers execution under 0.5 seconds on its proprietary platform, with market execution on MT4. For high-frequency traders, FxPro's faster speeds and lower slippage are advantageous, whereas IG provides reliable execution for longer-term positions. Both use liquidity providers to ensure deep liquidity during volatile sessions.

Both IG and FxPro are regulated by the Cyprus Securities and Exchange Commission (CySEC) under license numbers 203/13 and 078/07, respectively. This means Cyprus traders benefit from MiFID II protections, including negative balance protection, segregation of client funds, and access to the Investor Compensation Fund (ICF) covering up to €20,000 per client. IG also holds FCA and ASIC licenses, while FxPro has additional licenses from the FCA and FSCA. For Cyprus residents, local CySEC regulation ensures that disputes can be handled within the EU legal framework, offering peace of mind.

Cyprus traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both IG and FxPro. IG supports EUR, USD, and GBP accounts, with Skrill and Neteller deposits processed instantly and no fees. Bank transfers from Cypriot banks take 1-2 business days, and USDT TRC20 deposits are credited within minutes. FxPro also accepts these methods, with USDT TRC20 available for crypto-savvy traders, and offers free withdrawals via bank transfer for amounts over $100. Withdrawal times vary: e-wallets take 24 hours, bank transfers 2-5 days, and USDT TRC20 is processed within 1 hour. Both brokers have no deposit fees, making them cost-effective for Cyprus users.

Both IG and FxPro offer Islamic (swap-free) accounts for Cyprus Muslim traders who require Sharia-compliant trading. IG provides swap-free accounts upon request, but they are limited to certain instruments and may incur administrative fees after a holding period. FxPro offers Islamic accounts across all account types (Standard, Raw Spread, and cTrader) with no swap charges on overnight positions, and no additional fees. For Cyprus traders seeking full compliance with Islamic finance principles, FxPro's policy is more accommodating, though both brokers require a declaration of faith for eligibility.

IG offers 24/7 customer support in English and Greek, with phone, live chat, and email options, plus a local office in Limassol for face-to-face assistance. FxPro also provides 24/5 support in multiple languages, including Greek, via phone, live chat, and email, with a local presence in Limassol. IG's 24/7 availability is a plus for weekend traders, while FxPro's phone support is known for faster response times during market hours.