FP Markets vs Interactive Brokers 2026: which is better?
We compared FP Markets and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- FP Markets offers a swap-free Islamic account; Interactive Brokers does not.
- FP Markets offers copy trading; Interactive Brokers does not.
- FP Markets offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not.
- Interactive Brokers holds 10 licences from strong regulators, against 1 for FP Markets.
Comparison table
| Comparison table |
FP Markets
Broker
|
Interactive Brokers
Broker
|
|---|---|---|
| Licences | ASIC, CySEC, FSCA, CMA (KE), FSA | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best |
| Minimum deposit | $0 | $0 |
| Maximum leverage | 1:500 | 1:30 |
| Trading platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App | Trader Workstation, IBKR Desktop, Client Portal, IBKR GlobalTrader, Web Trader, Mobile App, TradingView |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | — |
| Founded | 2005 | 1977 |
| Headquarters | Sydney, Australia | Greenwich, United States |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose FP Markets if you
- need a swap-free Islamic account
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Choose Interactive Brokers if you
- want more licences from strong regulators
Frequently asked questions
Which is better, FP Markets or Interactive Brokers?
We compared FP Markets and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. FP Markets offers a swap-free Islamic account; Interactive Brokers does not. FP Markets offers copy trading; Interactive Brokers does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are FP Markets and Interactive Brokers regulated?
FP Markets licences: CySEC, ASIC, FSA, FSCA, CMA (KE). Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS.
What is the minimum deposit at FP Markets and Interactive Brokers?
FP Markets: $0. Interactive Brokers: $0.
Do FP Markets and Interactive Brokers offer an Islamic account?
FP Markets: Yes. Interactive Brokers: No.