IG vs FxPro for Spain Traders (2026): Full Comparison

For Spanish traders, trading costs are a key factor. IG offers standard spreads from 0.6 pips on EUR/USD with no commission, making it straightforward for those trading smaller volumes. FxPro provides two account types: Standard (from 0.7 pips, no commission) and Raw Spread (from 0.0 pips, with a $6 round-turn commission per lot). For high-volume traders in Spain, FxPro's Raw Spread account can be significantly cheaper, especially on major pairs. IG's costs are more predictable and include no hidden fees, but FxPro's variable spreads can sometimes be tighter during liquid market hours. Both brokers have no deposit or withdrawal fees for SEPA transfers, which is ideal for Spanish clients.

IG offers its proprietary web platform, plus MT4 and ProRealTime, giving Spanish traders a wide choice of interfaces. The IG platform is particularly strong for charting and news integration, and it supports automated trading via its own API. FxPro focuses on MT4, MT5, and its own cTrader platform, which is popular among algorithmic traders for its transparency and depth of market. For Spanish traders who value advanced charting and a comprehensive trading experience, IG is the better choice. If you prefer the raw speed and customisation of MT4/MT5 or cTrader, FxPro is a strong contender. Both platforms are available in Spanish language.

FxPro is known for its excellent execution quality, offering no requotes and fast order processing, especially on its Raw Spread accounts using cTrader. IG also provides reliable execution but may experience slightly higher slippage during news events due to its market-maker model. For Spanish scalpers and day traders, FxPro's execution is a clear advantage. IG's execution is still very good for most retail traders, particularly those using limit orders or trading larger timeframes.

Both IG and FxPro are regulated by the CNMV in Spain, ensuring they comply with ESMA's strict investor protection rules. This means Spanish traders benefit from negative balance protection, leverage capped at 1:30 for forex, and segregated client funds. IG is also regulated by the FCA in the UK and has a longer track record (founded in 1974). FxPro is regulated by the FCA, CySEC, and SCB, adding extra layers of oversight. For Spanish traders, CNMV regulation is the most important because it guarantees that the broker adheres to local laws and the Spanish investor compensation scheme (up to €20,000). Both brokers are considered safe and reliable.

Depositing and withdrawing funds is straightforward for Spanish traders. Both IG and FxPro support SEPA bank transfers in EUR, which are free and typically processed within 1-2 business days. Minimum deposit is €100 for both. IG also supports Bizum, a mobile payment method widely used in Spain, allowing instant deposits from your bank account. FxPro does not currently offer Bizum but accepts credit/debit cards and e-wallets like Skrill and Neteller. Withdrawals are processed back to the original deposit method where possible. For Spanish traders, IG has a slight edge due to Bizum support, but both brokers offer efficient EUR-based banking. No fees are charged by either broker for SEPA deposits or withdrawals.

Both IG and FxPro provide swap-free (Islamic) accounts for Muslim traders in Spain who wish to trade without earning or paying interest (riba). These accounts are available on request and require a declaration of faith. IG's Islamic accounts are offered on its standard and spread betting accounts, while FxPro offers them on MT4, MT5, and cTrader platforms. Spanish traders should note that swap-free accounts may have certain restrictions, such as longer holding periods before positions are considered long-term. Both brokers are compliant with Sharia principles and treat all clients equally regardless of account type.

IG provides customer support in Spanish via phone, email, and live chat, available 24/5. FxPro also offers Spanish-language support through phone and live chat, with slightly shorter hours (Monday to Friday, 8:00-18:00 CET). Both brokers have comprehensive FAQ sections and help centres in Spanish. For Spanish traders, IG's 24/5 availability may be more convenient for weekend or late-night queries. FxPro's support is generally responsive but may have longer wait times during peak hours.