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 | 2 |
Looking strictly at commissions and fees, FP Markets comes out cheaper for most traders. It holds a 5/5 star rating and ranks #6 out of 63 brokers for Commissions and Fees, while FOREX.com earns 4.5/5 stars and ranks #14 out of 63. FP Markets’ commission-based Raw ECN pricing is especially sharp, whereas FOREX.com tends to be a bit pricier in the U.S. unless you use its Raw account and trade sizable volume.
FOREX.com: The Standard account (the only MetaTrader option) averaged 1.4 pips on EUR/USD in the U.S. as of July 2023, while non-U.S. pricing averaged 0.74 pips that month. The newer RAW account (available in the U.S., Canada, and EU) posted typical EUR/USD spreads of 0.13 pips in February 2024, plus a $7 round-turn commission per standard lot (about 0.7 pips all-in). Six volume tiers offer rebates from $2 to $9 per million, but unless you trade more than $50 million per month, U.S. all-in costs on the Commission/RAW setup are similar to the Standard account.
FP Markets: The Raw ECN account averaged 0.1 pips on EUR/USD in October 2023, with a $6 round-turn commission per standard lot—about 0.8 pips all-in. Its Standard account averaged 1.1 pips (no commission). You can use MetaTrader or cTrader with either account. For share CFDs, Iress provides Direct Market Access; however, the ViewPoint tiers can add platform/data fees and require higher balances or monthly commission spend, while the lower-cost Iress Investor platform is more limited. Overall, FP Markets’ pricing is among the most cost-competitive for active traders.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $100 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and FP Markets both support forex trading as CFDs or spot contracts and offer crypto CFDs (but not actual crypto). FP Markets lists about 10,000 tradable symbols, more than FOREX.com’s 5,500. That said, FOREX.com provides 80 currency pairs versus FP Markets’ 71, giving forex traders a slightly wider choice of pairs. Neither broker lets you buy exchange-traded shares directly in the U.S. or on international exchanges. FP Markets offers copy trading, while FOREX.com does not.
For Range of Investments, ForexBrokers.com rates FOREX.com at 5 stars and ranks it 7th out of 63 brokers; FP Markets earns 4.5 stars and ranks 19th. Choose FP Markets if you want the largest overall symbol list or copy trading, and pick FOREX.com if you value a bigger selection of forex pairs and a higher third-party rating.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 80 | 71 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Both FOREX.com and FP Markets offer strong platform lineups for traders. Each provides a free demo account for paper trading, proprietary (in-house) platforms, downloadable desktop software for Windows, and web-based platforms you can use in your browser. They both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), let you place trades directly from charts, and include watch lists to help you track markets.
Key differences: FP Markets supports copy trading, while FOREX.com does not. When it comes to overall quality of trading platforms and tools, FOREX.com earns 5 stars and ranks 7th out of 63 brokers at ForexBrokers.com, whereas FP Markets earns 4 stars and ranks 23rd. If copy trading matters most, FP Markets has the edge; if platform features and tool ratings are your priority, FOREX.com comes out ahead.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and FP Markets offer full-featured mobile trading apps for iPhone and Android, complete with price alerts, drawing tools like trendlines, and auto-saving for your chart annotations. Where they differ is in watchlist syncing and chart studies: FOREX.com syncs watchlists between mobile and web, while FP Markets does not. For charting, FOREX.com includes 88 technical studies in its app, whereas FP Markets uses the standard set that comes with MetaTrader.
In independent testing, FOREX.com earned 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps, while FP Markets earned 4 stars and ranks #18. If you want deeper built-in indicators and seamless watchlist syncing, FOREX.com is the stronger pick. If you’re comfortable with MetaTrader’s default tools and prefer that workflow, FP Markets is a solid alternative.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FOREX.com vs FP Markets for beginner education: both brokers deliver extensive forex and CFD education that clears the 10-piece mark, and both host online client webinars at least once a month. Beginners can ramp up quickly with each broker’s video libraries, which include at least 10 videos aimed at newcomers plus at least 10 for more advanced topics as skills grow.
Where they differ is in measured quality. FOREX.com earns 4.5/5 stars and ranks #4 out of 63 brokers for Education at ForexBrokers.com, while FP Markets scores 4/5 stars and ranks #23. If you want a higher-rated learning experience with frequent webinars and deep video coverage, FOREX.com has the edge; FP Markets remains a solid choice with ample beginner-friendly content.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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FP Markets
|
|---|---|---|
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| Trust Score | 99 | 89 |
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In a FOREX.com vs FP Markets comparison for crypto trading, neither broker supports purchasing actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Compared with FP Markets, online broker FOREX.com supports ACH/SEPA transfers in addition to PayPal, Skrill, and bank wire deposits/withdrawals, whereas FP Markets offers PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either.
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 | 2 |
| 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 | ||
| 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FOREX.com | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | FOREX.com | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FOREX.com | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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