Is CMC Markets better than FP Markets? After testing 27 of the best forex brokers over five months, CMC Markets is better than FP Markets. CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.
CMC Markets vs FP Markets 2021
Overall Rating
Feature | CMC Markets | FP Markets |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading | ||
Research | ||
Education | ||
Trust Score | 99 | 81 |
CMC Markets Review | FP Markets Review | |
Winner | check_circle | |
73% of retail CFD accounts lose money | The vast majority of retail CFD accounts lose money |
Regulation
Feature | CMC Markets | FP Markets |
Trust Score | 99 | 81 |
Year Founded |
1989 | 2005 |
Publicly Traded (Listed) |
Yes | No |
Bank |
No | No |
Tier-1 Licenses |
4 | 1 |
Tier-2 Licenses |
2 | 1 |
Tier-3 Licenses |
0 | 0 |
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
Feature | CMC Markets | FP Markets |
ASIC Authorised (Australia) |
Yes | Yes |
IIROC Authorised (Canada) |
Yes | No |
SFC Authorised (Hong Kong) |
No | No |
FSA Authorised (Japan) |
No | No |
MAS Authorised (Singapore) |
Yes | No |
FINMA Authorised (Switzerland) |
No | No |
FCA Authorised (UK) |
Yes | No |
CFTC Registered (USA) |
No | No |
Investments
Feature | CMC Markets | FP Markets |
Forex Trading |
Yes | Yes |
CFDs (Total) |
9852 | 8908 |
Forex Pairs (Total) |
158 | 61 |
Cryptocurrency (Physical) |
No | No |
Cryptocurrency (CFD) |
Yes | Yes |
Social Trading / Copy-Trading |
Yes | Yes |
Cost
Feature | CMC Markets | FP Markets |
Average Spread EUR/USD - Standard |
0.74 (August 2020) | 1.14 (June 2020) |
All-in Cost EUR/USD - Active |
0.64 (August 2020) | 0.61 (August 2020) |
Active Trader or VIP Discounts |
Yes | Yes |
Funding
Feature | CMC Markets | FP Markets |
Minimum Initial Deposit |
$0.00 | $100 AUD |
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
PayPal (Deposit/Withdraw) |
Yes | Yes |
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
Feature | CMC Markets | FP Markets |
Proprietary Platform |
Yes | No |
Desktop Platform (Windows) |
Yes | Yes |
Web Platform |
Yes | Yes |
Social Trading / Copy-Trading |
Yes | Yes |
MetaTrader 4 (MT4) |
Yes | Yes |
MetaTrader 5 (MT5) |
No | Yes |
cTrader |
No | No |
DupliTrade |
No | No |
ZuluTrade |
No | No |
Trading Tools
Feature | CMC Markets | FP Markets |
Virtual Trading (Demo) |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watchlists - Total Fields |
9 | Default (MT4/MT5) |
Charting - Indicators / Studies (Total) |
86 | 59 |
Charting - Drawing Tools (Total) |
40 | Default (MT4/MT5) |
Charting - Trade From Chart |
Yes | Yes |
Charting - Drawings Autosave |
Yes | No |
Order Type - Trailing Stop |
Yes | No |
Mobile Trading
Feature | CMC Markets | FP Markets |
Android App |
Yes | Yes |
Apple iOS App |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watch List |
Yes | Yes |
Watch List Syncing |
Yes | No |
Charting - Indicators / Studies |
29 | Default (MT4/MT5) |
Charting - Draw Trendlines |
Yes | No |
Charting - Trendlines Moveable |
Yes | No |
Charting - Multiple Time Frames |
Yes | Yes |
Charting - Drawings Autosave |
Yes | No |
Forex Calendar |
Yes | No |
Research
Feature | CMC Markets | FP Markets |
Daily Market Commentary |
Yes | Yes |
Forex News (Top-Tier Sources) |
Yes | Yes |
Weekly Webinars |
Yes | No |
AutoChartist |
No | Yes |
Trading Central (Recognia) |
Yes | No |
Delkos Research |
No | No |
Social Sentiment - Currency Pairs |
Yes | Yes |
Economic Calendar |
Yes | Yes |
Education
Feature | CMC Markets | FP Markets |
Has Education - Forex |
Yes | Yes |
Has Education - CFDs |
Yes | Yes |
Client Webinars |
Yes | No |
Client Webinars (Archived) |
Yes | Yes |
Videos - Beginner Trading Videos |
Yes | Yes |
Videos - Advanced Trading Videos |
Yes | Yes |
Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
Feature | CMC Markets | FP Markets |
GBP/USD |
Yes | Yes |
USD/JPY |
Yes | Yes |
EUR/USD |
Yes | Yes |
USD/CHF |
Yes | Yes |
USD/CAD |
Yes | Yes |
NZD/USD |
Yes | Yes |
AUD/USD |
Yes | Yes |
Overall
Feature | CMC Markets | FP Markets |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading | ||
Research | ||
Education | ||
Trust Score | 99 | 81 |
CMC Markets Review | FP Markets Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs FP Markets.
Does CMC Markets or FP Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.
Is CMC Markets or FP Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. CMC Markets holds 4 global Tier-1 licenses, while FP Markets holds 1. CMC Markets holds 2 global Tier-2 licenses, while FP Markets holds 1. All regulators considered, CMC Markets has a Trust Score of 99.00, while FP Markets's Trust Score is 81.00.
Which trading platform is better: CMC Markets or FP Markets?
To compare the trading platforms of both CMC Markets and FP Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. CMC Markets and FP Markets both offer copy trading. Both CMC Markets and FP Markets offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to FP Markets's 61 available pairs. Forex pairs aside, CMC Markets offers traders access to 9852 CFDs while FP Markets has 8908 available CFDs, a difference of 944.
Overall winner: CMC Markets
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