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FP Markets vs Interactive Brokers

FP Markets or Interactive Brokers – which is better for UK traders 2026? Compare FP Markets and Interactive Brokers in this detailed breakdown of their platforms, features and fees.

FP Markets vs Interactive Brokers Comparison Table 2026
FP Markets	Interactive Brokers

4	4.3
FP Markets is ranked #53 among CFD brokers.	Interactive Brokers is ranked #5 among CFD brokers.
Review	Review
Founded in Australia in 2005, FP Trading is a broker regulated by ASIC and CySEC. It offers a wide range of tradable assets. The Standard and Raw accounts are tailored to suit all traders. Its robust tools include the MetaTrader suite, intuitive TradingView, and insights from Trading Central and AutoChartist.	Interactive Brokers (IBKR) stands as a leading brokerage, offering access to 170+ markets in 40 nations alongside extensive investment services. With 40+ years in finance, this Nasdaq-listed entity complies with regulations from the SEC, FCA, CIRO, and SFC, ensuring global trustworthiness in trading.
Pros
FP Trading provides an exceptional range of tradable assets, notably with its expanded commodities portfolio and support for over 10,000 stocks. FP Trading offers outstanding platform versatility, integrating MetaTrader, cTrader, Iress, and the newly added TradingView. FP Trading offers rapid and reliable assistance, accessible 24/5, with test response times averaging under 1 minute. FP Trading offers a smooth onboarding process, distinguished by crypto deposits and more than ten base currencies, serving traders worldwide. FP Trading has incorporated premier research tools from Trading Central and Autochartist. These tools assist traders in spotting short-term opportunities through chart patterns, indicators, and other technical elements.	IBKR is a highly respected brokerage, regulated by top-tier authorities, ensuring the integrity and security of your trading account. Interactive Brokers has introduced ForecastTrader, a distinctive zero-commission offering. Users trade yes/no Forecast Contracts on political, economic, and climate events with fixed $1 payouts per contract. Benefit from 24/6 market access and earn up to 3.14% APY on held positions. The TWS platform is tailored for intermediate and advanced traders, featuring over 100 order types and a dependable real-time market data feed with exceptional uptime. DayTrading.com awarded Interactive Brokers 'Best US Broker' for 2025, highlighting its dedication to US traders, extremely low margin rates, and affordable global market access. The new IBKR Desktop platform combines the top features of TWS with customised tools such as Option Lattice and MultiSort Screeners, providing an impressive trading experience for traders of all skill levels. A wide range of third-party research subscriptions, both free and paid, are available for traders. Additionally, by subscribing to Toggle AI, traders can receive commission rebates from IBKR. IBKR consistently offers unparalleled access to global equities, with thousands of shares available across over 100 market centres in 24 countries, including the recently added Saudi Stock Exchange. While initially targeting seasoned traders, IBKR has recently widened its appeal by eliminating its $10,000 minimum deposit requirement. IBKR offers an economical environment for traders, featuring low commissions, narrow spreads, and a clear fee structure.
Cons
The Raw account offers excellent pricing. However, the Standard account has wider spreads, averaging 1.1 pips on EUR/USD, which lags behind the competitive 0.8-pip spread at IC Markets. FP Trading’s Iress platform is exclusive to Australian clients. It prioritises stock trading, with less focus on forex. Data fees may quickly escalate unless one trades actively or holds a high-balance account. FP Trading lags behind top MetaTrader brokers. Although it provides a Trader's Toolbox on MT4, it only offers 130 instruments. This limitation curtails opportunities for serious traders, particularly when compared to Pepperstone's 1,300 assets. Traders Hub offers valuable resources such as the Daily Report, Technical Report, Market Insights, and Fundamental Analysis. Yet, it should diversify its daily content and ensure its forex news remains current to compete with market leaders like IG.	The learning curve for TWS is quite steep, making it tough for novice traders to navigate and grasp all its features. In contrast, Plus500's web platform is far more accessible for those new to trading. IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users. Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution. You are limited to a single active session per account, meaning you cannot use both your desktop programme and mobile app at the same time. This restriction can occasionally lead to a frustrating experience for traders. In 2025, IBKR was fined $11.8m by the US OFAC for operating in sanctioned areas. That same year, FINRA imposed a $125k fine for lapses in municipal bond disclosure.
Awards
Best Global Forex Value Broker 2023 - Global Forex Awards Best Forex Partners Programme Asia 2023 - Global Forex Awards Best Forex Broker Europe 2023 - Global Forex Awards Best Global Forex Value Broker 2022 - Global Forex Awards Best Global Forex Value Broker 2021 - Global Forex Awards	Best US Broker 2025 - DayTrading.com
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$40	$0
Payment Methods
Apple Pay Credit Card Debit Card FasaPay Finrax Google Pay Mastercard Neteller Perfect Money Rapid Transfer Skrill STICPAY Visa Wire Transfer	ACH Transfer Cheque Wire Transfer
Minimum Trade
0.01 Lots	$100
Regulator
ASIC, CySEC, FSA, CMA	SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS
Mobile Apps
iOS & Android	iOS & Android
Trading App
FP Trading lacks its own web-based or mobile app, which may deter novices. Yet, mobile versions of MT4/MT5, cTrader, and TradingView provide live quotes, advanced charting, account management, and order execution. Moreover, Australian clients have exclusive access to the Iress mobile platform, offering advanced analytics, module linking, and multi-portfolio management.	The IBKR Mobile app, for iOS and Android, transforms your phone into a robust portal to access your IBKR accounts. It allows users to monitor portfolios, execute trades, view real-time quotes and charts, and manage account activities seamlessly. With its intuitive design, the app is particularly user-friendly for novices, offering a simpler experience compared to the advanced TWS platform.
iOS App Rating
4	4.3
Android App Rating
4	4.5
Margin Trading
Yes	Yes
Margin Rate
	1.55 - 2.59%
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
Yes	No
AlgoTrader
No	Yes
OmniTrader
No	Yes
TradingView
Yes	Yes
Autochartist
Yes	No
eSignal
No	Yes
Trading Central
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
Yes	Yes
MAM Account
Yes	Yes
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	Yes
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Capitalise.ai, TWS API
Copy Trading
Yes	No
Copy Trading Platform
FP Trading launched a unique social copy trading platform and access to the MetaTrader signals market. Alongside Myfxbook support, these features position FP Markets as a strong choice for social copy trading, despite its less intuitive system compared to cTrader Copy.
Social Trading
Yes	No
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD JPY CHF HKD SGD	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF AED HUF
Commodities
Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron Cocoa Cotton Sugar Coffee	Gold Zinc Aluminium Natural Gas Soybeans Lead Precious Metals Lean Hogs
CFD
FP Trading provides CFD trading across a premier range of financial markets, including equities, leading global indices, commodities, metals, cryptocurrencies, and bonds. Benefit from tight spreads, rapid execution, leverage up to 1:500, and superior liquidity, ensuring an efficient trading experience for short-term investors.	The platform provides access to over 8,000 CFDs across stocks, indices, forex, and commodities. Suited for experienced traders, the TWS platform includes more than 100 order types and algorithms. It also delivers top-tier market data from trusted sources like Reuters and Dow Jones.
Leverage
1:30 (UK), 1:500 (Global)	1:30
FTSE Spread
1.64	0.005% (£1 Min)
GBPUSD Spread<
1.9 average	0.08-0.20 bps x trade value
Oil Spread
0.04	0.25-0.85
Stocks Spread
Variable	0.003
Forex
FP Trading excels in forex trading, offering over 70 currency pairs, including a diverse range of exotics. With an average spread of 0.1 on EUR/USD in its Raw account, it ensures competitive pricing for traders.	IBKR offers a wide selection of more than 100 forex pairs, including major, minor, and exotic options, exceeding most competitors except CMC Markets. Trading takes place across various platforms with institutional-quality spreads from 0.1 pips. It supports over 100 advanced order types like brackets, scale, and OCA orders.
Assets
70+	100+
GBPUSD Spread
0.2	0.08-0.20 bps x trade value
EURUSD Spread
0.1	0.08-0.20 bps x trade value
EURGBP Spread
0.3	0.08-0.20 bps x trade value
Currency Indices
USD
Cryptocurrency
FP Trading offers CFDs on leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. However, it does not facilitate direct coin ownership. FP Markets lacks emerging tokens for crypto enthusiasts seeking the latest opportunities.	IBKR offers access to Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at attractive commission rates without the need for a crypto wallet. Furthermore, traders can explore a variety of assets, including crypto indices like the NYSE Bitcoin Index, and futures contracts such as BAKKT Bitcoin Futures.
Spread
17.3 (Bitcoin)	0.12%-0.18%
Coins
ADA BCH BTC DOG DOT EOS ETH LNK LTC RPL SOL XLM	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

FP Markets	Interactive Brokers
Review	Review
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