Is FP Markets or Interactive Brokers better?

FP Markets scores higher on our published methodology (8.8 vs 8.3 out of 10), driven by FP Markets has the stronger Trustpilot standing (4.8). See the full breakdown above before deciding — the right pick depends on your trading style.

Which is cheaper, FP Markets or Interactive Brokers?

FP Markets runs the tighter spreads (0.0 pips vs 0.2 pips). Commission and minimum deposit also differ — see the spec table above.

All comparisons

FIG 01 — HEAD TO HEAD

FP MarketsvsInteractive Brokers

FP Markets is regulated by ASIC, CySEC, FSCA, FSA (SC) with spreads from 0.0 pips and a $100 minimum deposit, while Interactive Brokers is regulated by SEC, FINRA, FCA, ASIC, MAS, CBI, CIRO, SFC, SEBI, JFSA with spreads from 0.2 pips and a $0 minimum deposit.

Verified against each broker's site · Aug 2026. Spreads and terms shift often — always confirm current terms on the broker's own site before trading.

FIG 02 — SPECIFICATIONS

FP Markets versus Interactive Brokers
Spec	FP Markets	Interactive Brokers
Rating	8.8	8.3
Trustpilot	4.8 (10,200)	3.5 (5,100)
Regulation	ASIC, CySEC, FSCA, FSA (SC)	SEC, FINRA, FCA, ASIC, MAS, CBI, CIRO, SFC, SEBI, JFSA
Min deposit	$100	$0
Spreads from	0.0 pips	0.2 pips
Commission	$3/lot/side (Raw)	From 0.20 bp of trade value (tiered)
Max leverage	1:500 (offshore) / 1:30 (ASIC)	1:50 (US) / 1:30 (UK/EU)
Platforms	MT4, MT5, cTrader, TradingView, IRESS	Trader Workstation, IBKR Mobile, GlobalTrader, WebTrader, API
Founded	2005	1978

FIG 03 — VERDICT

8.8

FP Markets

8.3

Interactive Brokers

FP Markets scores higher on our published methodology (8.8 vs 8.3 out of 10).

· FP Markets has the stronger Trustpilot standing (4.8)
· FP Markets runs the tighter spreads (from 0.0 pips)
· Interactive Brokers has the lower minimum deposit ($0)

FP Markets

Visit FP Markets Full review

Interactive Brokers

Visit Interactive Brokers Full review

Want a different pairing? See all broker reviews.