FP Markets vs Interactive Brokers: which broker is better in 2026?
We compare FP Markets and Interactive Brokers — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Interactive Brokers edges ahead (4.3/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaFP MarketsInteractive Brokers
Overall score 3.8 4.3
Regulation & safety 3.5 4.5
Fees & deposit 4.0 4.5
Platform & assets 4.0 4.5
User support 3.5 3.5
Trust score74/10087/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, IRESSTrader Workstation (TWS), IBKR Desktop, Client Portal (web), IBKR Mobile, API (TWS/Web)
Fee modelRaw spread + commission (Raw) or Standard; competitiveKnown for very low costs (tiered/fixed) — among the cheapest in the industry for stocks/futures/forex; structure varies per product/region
Pros & cons
- ASIC/CySEC regulation + full platform selection (including IRESS for stocks)
- Competitive raw spreads
- Operating since 2005
- The global entity (St. Vincent) is less strict than ASIC/CySEC
- Mid-size brand, not a tier-1 giant
- Leverage is high-risk
- Top-tier regulation & transparency — a US public company (Nasdaq: IBKR) supervised by SEC/FINRA/CFTC + many global regulators
- Among the cheapest costs in the industry; very broad global market access
- Very powerful TWS platform & API for professional/algorithmic traders
- The TWS platform has a steep learning curve — less beginner-friendly
- Customer support is more self-service (not hand-holding), suited to technical users
- Interface & account structure can feel complex at first
Regulation at a glance
FP Markets
Australian (2005) — regulated by ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent for the global entity).
Interactive Brokers
A US public company (Nasdaq: IBKR) with entities regulated by SEC/FINRA/CFTC (US), FCA (UK), IIROC (Canada), MAS (Singapore), ASIC (Australia), the Central Bank of Ireland, and others. One of the most regulated & financially transparent brokers.