FP Markets vs Interactive Brokers Comparison
Compare trading conditions, commissions and platforms of Forex brokers FP Markets and Interactive Brokers. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FP Markets or Interactive Brokers?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FP Markets
- Minimum deposit · USD
- 100 USD
- Different platforms
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
- Different markets
- Soft Commodities
- ETF
- Bonds
- Cryptocurrency
Interactive Brokers
- Minimum deposit · USD
- 1 USD
- Different platforms
- IBKR Mobile
- Trader WorkStation (TWS)
- IMPACT
- IBKR Desktop
- Client Portal
- GlobalTrader
- Different markets
- None listed
Comparison Table of FP Markets and Interactive Brokers
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Foundation Year | 2005 | 1977 |
| Regulated in Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | United Kingdom, United States, Canada, Ireland, Australia, Hong Kong, India, Japan, Singapore, Switzerland |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:500 | 1:50 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
FP Markets Review
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
FP Markets is in the top 10 of the following ratings:
Interactive Brokers Review
Interactive Brokers is one of the largest international brokers, offering extensive opportunities for trading and investing in global financial markets. The company combines high reliability, competitive trading conditions and advanced technological infrastructure. Thanks to its many years of experience, international regulation and continuous service development, Interactive Brokers holds a leading position among brokers for self-directed investing.
Interactive Brokers is primarily suited to experienced traders, active investors and professional market participants who value a wide range of instruments, low fees and advanced trading capabilities. The broker is also an excellent choice for long-term investors building diversified portfolios. For beginners, Interactive Brokers is suitable if they are willing to learn a fairly complex trading infrastructure.
Pros and Cons of Interactive Brokers
Pros
- High reliability and regulation by leading financial authorities.
- A wide range of financial instruments and access to more than 175 markets.
- Low trading commissions and favourable margin lending rates.
- Powerful trading platforms and professional analytical tools.
- A wide range of account types and high-quality educational materials.
Cons
- Complex interface and a steep learning curve for beginners.
- Inconsistent quality of technical support.
- Limited choice of deposit and withdrawal methods.
Interactive Brokers is in the top 10 of the following ratings:
Reliability
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2005 | 1977 |
| Regulated in Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | United Kingdom, United States, Canada, Ireland, Australia, Hong Kong, India, Japan, Singapore, Switzerland |
| Regulators |
FP Markets
Multi-tier licenses from ASIC, CySEC and FSCA, fund segregation, and a spotless regulatory history make FP Markets a reliable partner.
Pros
- Tier-1/Tier-2 licenses (ASIC, CySEC)
- Funds held in AA bank accounts, negative balance protection
- Independent order execution audits
Interactive Brokers
Interactive Brokers is highly reliable thanks to strict international regulation, substantial capital and mechanisms protecting client assets.
Pros
- Regulation by SEC, FCA, ASIC and other reputable authorities.
- Strong financial stability and substantial capital.
- Segregation of assets and insurance protection for client accounts.
Cons
- Regulatory fines in 2020 and 2025.
Account Opening
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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FP Markets
Opening an account completely online: registration in up to 5 minutes, verification within an hour, minimum deposit of 100 AUD — you can start trading on the same day.
Pros
- Fast registration and KYC
- Verification in less than one business day
- Commission-free deposit starting from 100 AUD
Interactive Brokers
Interactive Brokers offers convenient online account opening with no minimum deposit. However, the detailed application form and strict verification make registration more complex and time-consuming than with many brokers.
Pros
- Fully online registration.
- No minimum deposit.
- Wide choice of account types and base currencies.
Cons
- A lengthy and detailed application form.
- Strict verification requirements.
- Possible delays in document verification.
Account Types
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Account Types | 4.3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:500 | 1:50 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | No |
FP Markets
The FP Markets account lineup is nearly universal — RAW, Standard, Islamic, Iress DMA, demo, and copy trading services meet the needs of most traders, all starting from 100 AUD.
Pros
- Accounts suitable for every trading style
- Free VPS and copy trading
Cons
- No cent/micro account
Interactive Brokers
Interactive Brokers offers a wide range of accounts for investors and traders of all experience levels. Flexible terms, various margin trading modes and specialised accounts can meet virtually any investment need.
Pros
- A wide range of accounts for individual and institutional clients.
- Flexible margin trading options.
- A demo account and no minimum deposit.
Cons
- A complex account type system for beginners.
- High capital requirements for Portfolio Margin.
Commissions
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Commissions | 4/5 | 5/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 1.2 | — |
| Commission | per 1 lot$3.00 | per 1 lot$2.00 |
FP Markets
Transparent pricing: an average ECN commission of $6 per lot, market spreads of ≈1.2 pips on the Standard account, free deposits, and no inactivity charges make the conditions attractive for most traders.
Pros
- No fees for deposits and withdrawals
- No account inactivity fees
Cons
- The Standard account does not offer ultra-narrow spreads
Interactive Brokers
Interactive Brokers offers some of the lowest commissions on the market. Competitive trading rates, favourable margin lending terms and minimal non-trading costs make the broker attractive to traders and investors.
Pros
- Low commissions on stocks, ETFs, Forex and derivatives.
- Favourable margin lending rates.
- No inactivity fee and two free withdrawals per month.
Cons
- Paid subscriptions for some market data.
- A complex fee structure and additional exchange fees.
Deposit and Withdrawal
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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FP Markets
You can fund your account instantly and commission-free via any convenient method, and withdrawals are processed within one business day.
Pros
- 0% commission on all deposits
- Cards, e-wallets, crypto, local banks
- Withdrawals processed in less than one business day
Cons
- 0.5–1% commission on currency conversion
Interactive Brokers
Interactive Brokers offers reliable deposit and withdrawal methods with low fees. Support for bank transfers, Wise and stablecoins makes payments convenient, although the availability of these methods depends on the region.
Pros
- No deposit fees.
- Two free withdrawals per month.
- Support for Wise and stablecoins.
Cons
- No direct deposits by bank card or popular e-wallets.
- International bank transfers may take several days.
- The availability of payment methods depends on the country.
Markets and Products
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 81 | 85 |
| Precious Metals | 17 | 2 |
| Energy Carriers | 5 | 2 |
| Soft Commodities | 7 | - |
| Indices | 18 | 13 |
| Stocks | 566 | 8500 |
| ETF | 58 | - |
| Bonds | 2 | - |
| Cryptocurrency | 12 | - |
FP Markets
The FP Markets range covers 700+ CFDs — from 80 currency pairs to DMA stocks on Iress, making portfolio diversification relatively straightforward.
Pros
- 80+ currency pairs, metals, indices, soft commodities
- 500+ CFDs on stocks from Europe, the UK, and the USA
- Leverage up to 1:500 for professional clients
Interactive Brokers
Interactive Brokers offers an exceptionally wide range of financial instruments with access to more than 175 markets. The variety of assets makes the broker a versatile solution for active trading and long-term investing.
Pros
- Access to more than 175 markets across 40 countries.
- A vast selection of stocks, ETFs, bonds and derivatives.
- Support for Forex, CFDs and cryptocurrencies.
Cons
- The availability of some instruments depends on the country.
Trading Platforms
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FP Markets
MT4/5, cTrader, TradingView, and Iress provide FP Markets with an almost complete arsenal: from algorithmic trading to DMA stocks. The versatility and fast NY4 connectivity put FP Markets’ platform suite among the best.
Pros
- 4 platforms, including TradingView and Iress DMA
- Execution ≈ 0.02 sec on NY4, supports bots and API
- Mobile and web versions of MT4/5 plus a proprietary application
Cons
- Iress is fee-based without turnover ≥150 AUD
- No browser-based cTrader Web
Interactive Brokers
Interactive Brokers offers a wide range of trading platforms with powerful analytical tools, varied order types and automation capabilities. The broker's solutions are suitable for both beginner investors and professional traders.
Pros
- A wide range of desktop, web and mobile platforms.
- Advanced analysis and risk management tools.
- Support for TradingView and algorithmic trading via API.
Cons
- Difficulty learning to use the professional platform TWS.
- Paid subscriptions for some market data.
Analytics
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Rating | 5/5 | 5/5 |
FP Markets
FP Markets offers a rich analytics suite — Trading Central, Autochartist, Traders Toolbox, TradeMedic, and a daily blog — which covers technical, fundamental, and behavioral analysis; access to some tools requires a deposit/trading volume.
Pros
- Trading Central and Autochartist with alerts
- 12-module Traders Toolbox + TradeMedic
- Economic calendar and daily trading ideas
Cons
- Paid access required for some analytics
Interactive Brokers
Interactive Brokers offers powerful analytical resources with professional research, fundamental and technical analysis, market screeners and portfolio assessment tools. The analytics are suitable for both investors and active traders.
Pros
- A wide range of free analytical tools.
- Professional research and market news.
- Advanced risk and portfolio analysis tools.
Cons
- Paid subscriptions for selected research and market data.
- Some tools are complex for beginners.
Education
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Rating | 5/5 | 5/5 |
FP Markets
FP Markets offers courses, webinars, podcasts, and e-books ranging from basic to advanced, making its educational resources nearly universal.
Pros
- Regular webinars + an extensive video library
- Online courses for traders of various levels
- Numerous e-books
Interactive Brokers
Interactive Brokers offers high-quality, diverse education for traders of all levels. Free courses, webinars, video tutorials and practical sessions cover a broad range of topics, from investment basics to complex trading strategies.
Pros
- A wide range of free courses, webinars and podcasts.
- Education for beginners and professionals.
- Practical training using a demo account.
Customer Support
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| Broker | FP Markets | Interactive Brokers |
|---|---|---|
| Rating | 5/5 | 3/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
FP Markets
FP Markets’ customer support responds within seconds, operates 24/7, and usually resolves issues on the first contact.
Pros
- 24/7 support
- Multiple support channels
- High support rating
Interactive Brokers
Interactive Brokers offers several contact channels and qualified assistance with trading matters. However, response times and the effectiveness of problem resolution are inconsistent, as reflected in mixed customer reviews.
Pros
- Support by phone, live chat and tickets.
- Nearly 24-hour service on business days.
- Staff expertise in trading matters.
Cons
- Long wait times for responses from support agents.
- Slow resolution of complex issues.
- The need for repeated follow-ups.
Comparisons of FP Markets and Interactive Brokers with other brokers
Conclusion
When choosing between FP Markets and Interactive Brokers, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FP Markets or Interactive Brokers?
FP Markets ranks higher than Interactive Brokers in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FP Markets or Interactive Brokers?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FP Markets or Interactive Brokers?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FP Markets and Interactive Brokers?
FP Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Interactive Brokers: IBKR Mobile, Trader WorkStation (TWS), IMPACT, IBKR Desktop, Client Portal, GlobalTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with FP Markets and Interactive Brokers?
FP Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Interactive Brokers: Forex, Precious Metals, Energy Carriers, Indices, Stocks. Full lists and differences are in the “Markets” section.
What account types are offered by FP Markets and Interactive Brokers?
FP Markets: Standard, Raw. Interactive Brokers: Cash, Margin (Reg T), Portfolio Margin. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FP Markets and Interactive Brokers?
FP Markets: Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Pagsmile, Dragonpay, Swift, Rapid Transfer, Visa, Mastercard, Asia Banks, Rapyd. Interactive Brokers: Bpay, Swift, Automated Clearing House (ACH), SEPA, Online banking. Check method-specific fees/settlement times.
Which broker is safer — FP Markets or Interactive Brokers — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
