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Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
In the fast-paced world of forex trading, choosing the right broker is crucial. IG and FxPro are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between IG and FxPro across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated IG and FxPro, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, IG earned a higher trust rating than FxPro.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that IG has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FxPro and IG offer copy trading.
A broader range of CFD instruments provides more trading opportunities. IG offers a greater variety of instruments compared to FxPro:
For those interested in trading cryptocurrencies, FxPro offers 30 cryptocurrencies, while IG offers 10 cryptocurrencies. Therefore, FxPro is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither FxPro nor IG charges a withdrawal fee. Overall, IG has better deposit and withdrawal processes than FxPro.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
IG has better educational support than FxPro. Both FxPro and IG offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that IG offers better research analysis than FxPro and that both FxPro and IG offer frequent webinars.
Founded in London in 1974, IG is a global leader in online trading, known for its competitive pricing, powerful platforms, and access to over 17,000 markets. While IG holds licences from top-tier regulators, Kenyan traders are onboarded through IG International Limited, regulated by the Bermuda Monetary Authority (BMA).
Trading under the Bermuda entity gives Kenyan clients access to IG’s full global product range, including forex, indices, shares, commodities, ETFs, and bonds—often with higher leverage limits than are available under stricter regulatory jurisdictions. All instruments are accessible through IG’s award-winning proprietary platforms, MetaTrader 4, L2 Dealer for direct market access, and TradingView integration.
IG offers a single multi-asset account with no minimum deposit requirement and spreads starting from 0.6 pips on EUR/USD. Traders also benefit from advanced tools such as ProRealTime charting, Autochartist, and integrated Reuters news, alongside a comprehensive library of educational resources and market analysis. However, Kenyan traders should be aware that offshore regulation provides few investor protections.
Founded in 2006, FxPro is a well-known global broker with tight spreads, fast execution, and multiple trading platforms. While FxPro holds licences from respected regulators such as the FCA in the UK and the FSCA in South Africa, Kenyan clients are currently onboarded through FxPro Markets Direct Costa Rica Latam, SRL — an unregulated offshore entity governed by Costa Rican law. This means traders can access higher leverage and a wider range of products, but without the protections provided by regulatory oversight.
Clients have a choice of four account types — MT4/MT5 Standard, MT4/MT5 Raw+, MT4/MT5 Elite, and cTrader — all with a minimum deposit of 100 USD and unlimited leverage on major forex pairs. Trading costs are competitive, especially on the Raw+ and cTrader accounts, which offer raw spreads plus a low commission.
While the offshore setup allows for flexible trading conditions, the extreme leverage carries significant risk. Traders should use strict risk management and understand the implications of trading with an unregulated entity before opening an account.
For more detailed reviews, please read our comprehensive assessments of IG and FxPro.
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Broker | Regulated by CMA | Licenced by | Min. Deposit | Cost of Trading Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Official Site | Compare | |
|---|---|---|---|---|---|---|---|
 | Yes |     | USD 3 | USD 7 | |||
 | Yes | | USD 0 | USD 10 | |||
 | Yes | | USD 0 | USD 10 | |||
 | No | | USD 0 | USD 6 | |||
 | No |   | USD 100 | USD 9 | |||
 | No | | USD 100 | USD 14 | |||
| No |  | USD 5 | USD 6 | |||
 | Yes | | USD 200 | USD 8 | |||
 | No | | USD 10 | USD 17 |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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