Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
FOREX.com, founded in 1999, is considered a highly trusted online broker, boasting a perfect ForexBrokers.com Trust Score of 99. As part of a publicly traded company, it holds an impressive seven Tier-1 licenses, which are highly trusted, and an additional Tier-2 license. This solid position reflects their credibility and financial stability, appealing to both seasoned investors and beginners exploring online trading. Despite not operating as a bank, FOREX.com embodies a high level of transparency and reliability in the financial trading marketplace.
FP Markets, established in 2005, holds a trust score of 89, classifying it as a trusted broker, according to ForexBrokers.com. Unlike FOREX.com, FP Markets is not publicly traded. It holds two Tier-1 licenses, considered highly trusted, along with one Tier-2 license. While FP Markets demonstrates a commendable level of trust, it has fewer Tier-1 licenses compared to FOREX.com, which might be a consideration for traders prioritizing regulatory oversight. Nonetheless, FP Markets remains a notable option, offering credible services in the competitive landscape of online trading.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Year Founded | 1999 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees, FOREX.com offers various account types with transparent trading statistics, but it leans toward the expensive side in the U.S. market. Typical spreads in the Standard account for EUR/USD are around 1.4 pips. For those trading outside the U.S., the new RAW Spread account is more attractive, with spreads as low as 0.13 pips, though subjected to a commission of $7 per Standard lot, leading to effective spreads of about 0.8 pips. FOREX.com earns a 4.5-star rating for its commissions and fees and ranks 13th out of 63 brokers on ForexBrokers.com.
Conversely, FP Markets stands out primarily due to its cost-effective ECN account. The Raw ECN account offers spreads averaging 0.1 pips on EUR/USD, leading to all-in fees of roughly 0.8 pips once the flat $6 commission per round-turn standard lot is factored in. This competitive pricing makes FP Markets one of the top global options for traders seeking low costs. FP Markets achieves a perfect 5-star rating for its commissions and fees and secures the 6th spot in ForexBrokers.com's rankings.
Overall, while FOREX.com is a solid choice with good execution, FP Markets edges out slightly as the better option for traders focused on minimizing costs. With its lower all-in fees and higher global rank, FP Markets proves to be particularly appealing for those with an emphasis on cost-efficiency in trading.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $100 | $100 AUD |
| Average Spread EUR/USD - Standard | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at FOREX.com and FP Markets, both platforms offer forex trading as either a CFD or a spot contract, accommodating a wide array of trading strategies. FOREX.com boasts an impressive selection of 5,500 tradeable symbols, including 80 forex pairs, while FP Markets expands its offering to 10,000 tradeable symbols, which encompasses 71 forex pairs. Both brokers provide access to cryptocurrency derivatives, but neither supports buying actual cryptocurrencies or exchange-traded securities on U.S. or international exchanges. However, FP Markets offers a distinct advantage with their provision for copy trading, a feature absent from FOREX.com's offerings.
Despite FP Markets' larger collection of tradeable symbols, FOREX.com earns a higher rating of 5 stars for the range of investments compared to FP Markets' 4.5 stars. This distinction positions FOREX.com as the 7th best among 63 brokers for the variety of investments, while FP Markets ranks at 18th. These ratings reflect the comprehensive range and quality of investment options that FOREX.com provides to its users, highlighting the platform’s strength in this aspect of online brokerage services. For those prioritizing a wide selection of tradable instruments and highly rated investment diversity, FOREX.com slightly edges out as the preferred choice.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 80 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing trading platforms and tools between FOREX.com and FP Markets, both brokers cater to traders by offering various platform options. Each provides a proprietary platform, Windows-based desktop platform, and web-based trading platform. Additionally, they both support MetaTrader 4 and MetaTrader 5, and offer free demo accounts to help traders practice without financial risk. One notable difference is in copy trading features; FP Markets supports copy trading, whereas FOREX.com does not.
Charting tools and watch list customization also set the two brokers apart. FOREX.com excels in offering 239 drawing tools, significantly more than FP Markets' 17. Furthermore, FOREX.com stands out with the ability to customize watch lists with up to 20 columns compared to FP Markets' 7. This comprehensive suite of tools contributes to FOREX.com's higher rating of 5 stars for Trading Platforms and Tools, placing it 7th out of 63 brokers, compared to FP Markets' 4 stars and 23rd place ranking.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and FP Markets offer strong options for traders using iPhone and Android devices. Each provides users with the ability to receive stock or forex price alerts and create watchlists with real-time quotes. However, FOREX.com exceeds FP Markets in some critical areas. It offers watchlist symbol syncing, allowing seamless updates between its mobile app and the client’s online account—a feature not available with FP Markets. FOREX.com also provides an impressive 88 technical studies for charting, compared to FP Markets' default MetaTrader offerings.
Both apps allow users to draw trendlines and view different time frames on their charts, with auto-save functionality for drawings. Yet, when ratings are considered, FOREX.com receives 5 out of 5 stars for its mobile trading app, landing it in the third spot out of 63 brokers on ForexBrokers.com. In contrast, FP Markets garners a 4-star rating and ranks 18th. Overall, for traders seeking extensive charting capabilities and seamless integration with online accounts, FOREX.com's mobile app stands out as the more favored choice.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, both FOREX.com and FP Markets deliver daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, a key distinction lies in their technical analysis tools. While FP Markets integrates tools from Autochartist, FOREX.com does not. Both brokers do incorporate solutions from Trading Central and offer sentiment-based trading tools that reveal market attitudes across currency pairs.
Regarding their research ratings, FOREX.com receives a solid 4.5 stars and ranks #9 out of 63 brokers, showcasing its strong position in the industry. FP Markets garners a respectable 4 stars and is ranked #25, indicating good research capabilities. Both platforms provide economic calendars that keep traders informed of global economic events. However, neither broker offers market research from TipRanks or tools from Acuity Trading, which could be a consideration for those seeking these specific resources.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FOREX.com and FP Markets both deliver impressive educational resources for beginners interested in forex and CFDs. They meet the minimum requirement of providing at least ten educational pieces such as articles, videos, and archived webinars. Both platforms host monthly educational webinars to keep their users updated and engaged. A searchable archive of recorded webinars is also available, offering comprehensive access to past sessions. For those starting out in trading, each broker provides a suite of over ten beginner-focused educational videos outlining essential trading topics.
For more advanced traders, FOREX.com and FP Markets both present at least ten videos specially tailored for experienced individuals seeking to hone their skills further. They also provide investor dictionaries containing over 50 trading and investing term definitions, a valuable aid for understanding industry jargon. Education ratings highlight FOREX.com's slight edge, earning a commendable 4.5 stars compared to FP Markets' 4 stars. Ranking among 63 brokers for educational offerings, FOREX.com holds an impressive 4th place, while FP Markets stands at 23rd. Clearly, both brokers put a strong emphasis on education, making them robust choices for novices and seasoned traders alike.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FOREX.com is better than FP Markets. FOREX.com finished with an overall rank of #5, while FP Markets finished with an overall rank of #19.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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Both FOREX.com and FP Markets do not offer the option to buy actual delivered cryptocurrencies, but they both provide opportunities to trade cryptocurrency derivatives.
When comparing FOREX.com and FP Markets, FOREX.com provides an advantage with ACH or SEPA transfers for deposits or withdrawals, offers PayPal and Visa or Mastercard as payment options similar to FP Markets, but lacks Skrill, which FP Markets supports, while both brokers accept bank wires.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FP Markets Review |
| Broker Screenshots | FOREX.com | FP Markets | |
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| Regulation | FOREX.com | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| Year Founded | 1999 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 80 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | FOREX.com | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FP Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| 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 | FOREX.com | 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 | |
| Review | FOREX.com Review | FP Markets Review |
| Overall | FOREX.com | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FP Markets Review |
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