IG vs FxPro: Head-to-Head Comparison for Singapore Traders (2026)

For Singapore traders, trading costs are a critical factor. IG offers competitive spreads starting from 0.6 pips on EUR/USD with no commission on standard accounts, but spreads widen during volatile sessions. FxPro’s raw spreads on cTrader start from 0.0 pips on major pairs, though a $6 round-turn commission per lot applies. For high-volume traders in Singapore, FxPro’s model can save significant costs, especially on large positions. IG’s all-in pricing is simpler for smaller traders who prefer predictable costs. Both brokers charge no deposit or withdrawal fees for SGD via local methods, a clear benefit for Singapore users.

IG leads with its proprietary platform, which is highly customisable and integrates advanced charting, sentiment data, and news feeds—ideal for sophisticated Singapore traders who need comprehensive analysis. It also offers MT4, though its own platform is the standout. FxPro provides MT4, MT5, and cTrader, giving traders more choice, especially for algorithmic and ECN-style trading. For Singapore traders who value speed and direct market access, cTrader on FxPro is a strong advantage. IG’s platform is better for discretionary traders who want an all-in-one interface.

FxPro is known for its fast execution, with average speeds under 30ms on cTrader, making it ideal for scalpers and high-frequency traders in Singapore. IG offers reliable execution with minimal requotes, but its proprietary platform is slightly slower under heavy market conditions. For Singapore traders who prioritise speed, FxPro is the better choice; for those who value platform stability and order types, IG holds its ground.

Both IG and FxPro are regulated by the Monetary Authority of Singapore (MAS), providing a high level of protection for local traders. IG holds a CMS licence and is a member of the Singapore Exchange (SGX), offering direct access to local equities and ETFs. FxPro is also MAS-regulated and maintains a local office, ensuring compliance with Singapore’s strict financial regulations. For Singapore traders, MAS regulation means segregated client funds, negative balance protection, and access to the Financial Industry Disputes Resolution Centre (FIDReC) for dispute resolution. Both brokers are equally trustworthy in this regard.

Singapore traders can fund their accounts at both IG and FxPro using PayNow, Bank Transfer, and Credit Card—all in SGD. PayNow is the most convenient: deposits are instant and free, with IG requiring a minimum of SGD 200 and FxPro SGD 100. Bank transfers are free but take 1-2 business days, while credit cards offer instant deposits but may incur a small fee (typically 1-2% at FxPro, none at IG). Withdrawals are processed within 1-2 business days back to the original payment method. PayNow withdrawals are available at both brokers, making it easy for Singapore traders to access their funds quickly. No currency conversion fees apply since all transactions are in SGD.

Both IG and FxPro offer Islamic (swap-free) accounts for Singapore Muslim traders who require Sharia-compliant trading. FxPro provides swap-free accounts on MT4, MT5, and cTrader with no time limit, making it a flexible option. IG offers Islamic accounts but requires a formal request via customer support, and they are available on standard accounts only. For Singapore traders who trade long-term positions, FxPro’s unlimited swap-free period is a clear advantage, while IG’s offering is adequate for shorter-term strategies. Both brokers do not charge overnight interest on these accounts.

IG offers 24/7 customer support in English and Mandarin, with a dedicated Singapore hotline and live chat. FxPro provides 24/5 multilingual support with email and phone options, but lacks a local Singapore number. For Singapore traders, IG’s localised support is more responsive and convenient, especially during Asian trading hours. Both brokers have comprehensive FAQ sections on their websites.