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CMC Markets vs FP Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of CMC Markets vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

CMC Markets
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 12029
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

CMC Markets (founded 1989) and FP Markets (founded 2005) are both rated highly trusted by ForexBrokers.com, with Trust Scores of 99 and 90 out of 99, respectively (scores from 90–99 are considered highly trusted). CMC Markets is publicly traded, while FP Markets is not; neither broker is a bank.

On regulation, CMC Markets holds six Tier-1 licenses and one Tier-2 license, compared with FP Markets’ two Tier-1 and one Tier-2. More Tier-1 licenses indicate oversight by more top-tier regulators, which may matter to traders focused on strong regulatory coverage.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Year Founded info 1989 2005
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 6 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

CMC Markets is the stronger choice for commissions and fees, earning 5 stars and ranking #4 out of 36 brokers with ForexBrokers.com. It stands out for its consistently low spreads across all account types, including an average EUR/USD spread of about 0.61 pips, plus its FX Active pricing that can bring all-in EUR/USD trading costs down to 0.5 pips. CMC Markets also offers an active trader discount program, which can lower costs further for higher-volume traders.

FP Markets is also a low-cost broker, but it trails CMC Markets on overall pricing, with a 4.5-star rating and a #11 out of 36 brokers ranking. Its Raw ECN account is the best value, with very tight spreads and a commission-based model that can keep forex costs low, while its Standard account is more expensive. FP Markets can still be a good fit for cost-conscious traders, but the savings are strongest for those using its commission-based accounts rather than its standard pricing.

In simple terms, both brokers are competitive, but CMC Markets offers the better overall mix of low spreads and pricing flexibility for most traders. FP Markets can be attractive for active traders who want ECN-style pricing, yet CMC Markets edges it out on consistency, average costs, and category ranking.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Minimum Deposit info $0 $100 AUD
Average spread (EUR/USD) - Standard account info 1.3 info 1.3 info
All-in Cost EUR/USD - Active info 0.65 info 0.9 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing CMC Markets vs FP Markets for range of investments, CMC Markets has the wider selection overall. It offers 12,029 tradeable symbols and 141 forex pairs, compared with FP Markets’ 10,000 symbols and 71 forex pairs. Both brokers support forex trading as CFDs or spot contracts, and both also offer copy trading and cryptocurrency CFDs. Neither broker lets clients buy delivered cryptocurrency.

CMC Markets stands out further because it offers exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone. FP Markets does not offer exchange traded securities on these exchanges. This broader product lineup helps explain why CMC Markets is rated 5 stars for Range of Investments and ranks #9 out of 36 brokers, while FP Markets is rated 4.5 stars and ranks #17.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12029 10000
Forex Pairs (Total) info 141 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

CMC Markets and FP Markets both give traders a wide choice of platforms and tools, including a free demo account, a proprietary trading platform, web-based access, and a Windows desktop download. Each broker also supports copy trading, MetaTrader 4, MetaTrader 5, and trading directly from charts, making either option a good fit for traders who want flexibility across devices and styles.

For trading platforms and tools, CMC Markets has the edge. ForexBrokers.com rates CMC Markets 5 out of 5 stars and ranks it #6 out of 36 brokers, while FP Markets is rated 4 out of 5 stars and ranked #22. If you want the stronger overall platform experience, CMC Markets stands out, but FP Markets still offers a strong set of trading tools for everyday traders.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 73 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

CMC Markets and FP Markets both make mobile trading easy, with iPhone and Android apps available, plus stock and forex price alerts for traders who want updates on the go. Each app also lets you draw trendlines on charts and saves those drawings automatically, which is helpful if you switch between devices or return to a chart later.

The bigger difference is in chart tools and app syncing. CMC Markets offers watchlist symbol syncing between its mobile app and online account, along with 29 technical studies in its app charts, which gives it a stronger edge for active chart users. FP Markets does not offer watchlist syncing in the same way, and its mobile charting is based on MetaTrader’s default setup. That helps explain why CMC Markets is rated 5 stars for mobile trading apps and ranked #5 out of 36 brokers by ForexBrokers.com, while FP Markets is rated 4 stars and ranked #20.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 29 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

CMC Markets and FP Markets both give traders a strong set of market research tools, including daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, Autochartist, sentiment data, and an economic calendar. This means both brokers make it easier to follow key market events, spot possible trading ideas, and keep track of trader positioning across instruments.

The main difference is that FP Markets also offers Trading Central, while CMC Markets does not. Even so, CMC Markets edges ahead overall with a 5-star Research rating and a #6 ranking out of 36 brokers on ForexBrokers.com, compared with FP Markets’ 4-star Research rating and #22 ranking. For traders who want a slightly broader research offering, FP Markets may appeal, but CMC Markets has the stronger overall research score.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to beginner-friendly learning, both CMC Markets and FP Markets give new traders plenty of material to explore, including at least 10 beginner videos and at least 10 advanced videos on trading topics. Both brokers also offer forex and CFD education with a wide range of articles, videos, and similar resources, making it easier for beginners to learn the basics and build confidence over time. In this area, CMC Markets stands out with a 5-star Education rating and a #10 ranking out of 36 brokers from ForexBrokers.com, while FP Markets is rated 4 stars and ranked #22.

The biggest difference is live learning support. FP Markets offers online educational webinars at least once a month, which can be especially helpful for beginners who want to learn directly from market experts and ask questions in real time. CMC Markets does not offer monthly educational webinars, so while its video and article library is stronger on paper, FP Markets may appeal more to beginners who value regular live sessions as part of their learning journey.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than FP Markets. CMC Markets finished with an overall rank of #5, while FP Markets finished with an overall rank of #19.

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.

Feature CMC Markets logoCMC Markets
FP Markets logoFP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 90
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with CMC Markets or FP Markets?

When comparing online brokers CMC Markets and FP Markets, neither offers the ability to buy actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.

What funding options does each broker offer?

CMC Markets vs FP Markets: both support PayPal and bank wire deposits/withdrawals; CMC Markets additionally offers ACH/SEPA transfers (which FP Markets doesn’t), while FP Markets supports Skrill (which CMC Markets doesn’t); Visa/Mastercard availability for both is not specified.

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Overall Rating CMC Markets FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 90
Winner check_circle
Review CMC Markets Review FP Markets Review
Broker Screenshots CMC Markets FP Markets
Broker Gallery (click to expand) info
CMC Markets Next Generation mobile trade ticket order. CMC Markets Next Generation web platform layout light theme CMC Markets research weekly outlook detail. CMC Markets OPTO Podcast.
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation CMC Markets FP Markets
Trust Score info 99 90
Year Founded info 1989 2005
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 6 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) CMC Markets FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) CMC Markets FP Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments CMC Markets FP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12029 10000
Forex Pairs (Total) info 141 71
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost CMC Markets FP Markets
Average spread (EUR/USD) - Standard account info 1.3 info 1.3 info
All-in Cost EUR/USD - Active info 0.65 info 0.9 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding CMC Markets FP Markets
Minimum Deposit info $0 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms CMC Markets FP Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No Yes
Trading Tools CMC Markets FP Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 73 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading CMC Markets FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 29 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research CMC Markets FP Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education CMC Markets FP Markets
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs CMC Markets FP Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review CMC Markets Review FP Markets Review
Overall CMC Markets FP Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 90
Winner check_circle
Review CMC Markets Review FP Markets Review
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