menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money
Home ‣ Compare ‣ FP Markets vs FXOpen 2025

FP Markets vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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

FP Markets and FXOpen are both well-known online brokers in the trading industry, with FP Markets founded in 2005 and FXOpen in 2003. Neither broker is publicly traded or operates as a bank. In terms of regulatory licenses, both brokers hold two Tier-1 licenses, classified as highly trusted by ForexBrokers.com standards. However, FP Markets has an additional Tier-2 license, which gives it a slight edge in regulatory trustworthiness compared to FXOpen's zero Tier-2 licenses.

Looking at trust scores, FP Markets boasts a score of 89 out of 99, placing it in the "trusted" category according to ForexBrokers.com. FXOpen, with a score of 76, is deemed of average risk. These ratings reflect the overall confidence in these brokers' capabilities and reliability for traders and investors seeking secure trading platforms.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Year Founded info 2005 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 0

Fees

FP Markets distinguishes itself in the commissions and fees category with its cost-effective pricing strategies, especially for its Raw ECN account on platforms like MetaTrader and cTrader. Traders can benefit from average spreads as low as 0.1 pips, making it a favored choice for those seeking competitive rates. In addition, FP Markets has been recognized for its excellence in this area, earning the Best in Class award for Commissions and Fees in 2024. This accolade highlights its position as a leading broker globally. However, while its Iress platform provides Direct Market Access with enticing features for large-balance accounts, it might not be the most economical option for everyone.

On the other hand, FXOpen offers a reliable trading experience, though less data is available regarding its average spreads. Despite this, it remains a solid choice for many traders. When evaluated by ForexBrokers.com for commissions and fees, FXOpen received 4 out of 5 stars, underscoring its competence in this area. However, compared to FP Markets, which boasts a perfect 5-star rating, FXOpen ranks lower in terms of overall cost-effectiveness, holding the 45th position out of 63 brokers, as opposed to FP Markets' 6th place.

In conclusion, both FP Markets and FXOpen provide traders with valuable options but differ significantly in their fee structures and global rankings. FP Markets is recognized for its high-value proposition, especially for those utilizing its Raw ECN account. Conversely, while FXOpen is a commendable contender, its offerings are comparatively less competitive in terms of pricing and ranking. Traders may wish to consider these factors when selecting a broker that best aligns with their trading goals and financial strategies.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Minimum Deposit info $100 AUD $100
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FP Markets vs FXOpen: both brokers let you trade forex as CFDs or spot, support copy trading, and offer crypto derivatives (but not actual, delivered crypto). Neither broker provides exchange-traded shares on U.S. or international exchanges. Where they differ is depth of choice: FP Markets lists 10,000 tradeable symbols and 71 forex pairs, while FXOpen offers 87 symbols and 25 forex pairs.

That wider catalog helps FP Markets earn 4.5 out of 5 stars for Range of Investments and a #19 ranking out of 63 brokers at ForexBrokers.com. FXOpen scores 3 out of 5 stars and ranks #63 out of 63. If having many markets and currency pairs matters most, FP Markets has the edge; if you’re fine with a lean lineup, FXOpen may fit the bill.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 87
Forex Pairs (Total) info 71 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

FP Markets and FXOpen both check the key boxes for trading platforms and tools. Each offers a free demo (paper) account, Windows desktop and web-based platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to place trades directly from charts. One key difference: FP Markets adds a proprietary, in-house platform, while FXOpen does not. FXOpen supports ZuluTrade for social trading, whereas FP Markets does not; neither broker offers DupliTrade.

For charting, FP Markets lists 17 drawing tools compared with 15 at FXOpen, and both provide seven fields for watchlists. According to ForexBrokers.com, each broker earns 4 stars for Trading Platforms and Tools, though FP Markets ranks higher overall in this category (#23 of 63) than FXOpen (#54 of 63). If you want a broker with its own platform plus MT4/MT5, FP Markets may appeal; if ZuluTrade access matters most, FXOpen is the better fit.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

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

Forex trading apps

FP Markets and FXOpen both offer mobile trading on iPhone and Android, with price alerts, real-time quote watchlists, trendline drawing, and multiple time frames. Neither app syncs watchlist symbols between mobile and the online account. For charting, FP Markets uses MetaTrader by default, giving you the platform’s built-in indicators and tools, while FXOpen lists 30 technical studies in its app. A key difference: FP Markets auto-saves chart drawings; FXOpen does not.

Both brokers earn 4 stars for Mobile Trading Apps, yet their standings differ: FP Markets ranks #18 out of 63 brokers at ForexBrokers.com, while FXOpen ranks #55. If auto-saving drawings and MetaTrader-based charting appeal to you, FP Markets may be the better pick. If you want a straightforward app with 30 built-in studies and similar core features, FXOpen is a solid choice, keeping in mind that neither app supports watchlist syncing.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at FP Markets vs FXOpen, both brokers cover the essentials with daily market commentary, top-tier forex news (from sources like Bloomberg or Reuters), and an economic calendar. FP Markets pulls ahead on research depth thanks to added third-party tools: it includes Autochartist and Trading Central, plus a sentiment tool that shows the ratio of long vs short positions. FXOpen does not offer Autochartist, Trading Central, or a sentiment tool.

When it comes to other providers, FP Markets does not feature TipRanks or Acuity Trading, while FXOpen’s support for those services isn’t specified. Overall results from ForexBrokers.com reflect the gap: FP Markets earns 4 stars for Research and ranks 25th, while FXOpen receives 3 stars and ranks 64th. If you want more built-in analysis tools alongside daily insights and news, FP Markets is the stronger choice; FXOpen covers the basics.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing FP Markets vs FXOpen for beginner-friendly forex and CFD education, FP Markets provides far more learning tools. FP Markets offers a full education library with 10+ pieces of content, monthly client webinars, and a searchable archive of past sessions. It also includes at least 10 beginner video lessons and 10 advanced videos, plus an investor dictionary with 50+ terms. FXOpen, by contrast, does not provide the minimum 10 educational pieces, does not host monthly webinars, and has no archived webinar library or sets of beginner/advanced videos, though it does offer an investor dictionary with 50+ terms. According to ForexBrokers.com, FP Markets earns 4 stars and ranks #23 out of 63 for Education, while FXOpen earns 3 stars and ranks #59.

If you want a structured learning path with videos, webinars, and on-demand archives to grow your trading knowledge, FP Markets is the stronger choice. If you only need a glossary and plan to learn elsewhere, FXOpen’s investor dictionary may suffice, but its education lineup is much thinner for new traders seeking step-by-step guidance.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) 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 FP Markets is better than FXOpen. FP Markets finished with an overall rank of #19, while FXOpen finished with an overall rank of #54.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 89 76
Range of Investments 4.5/5 Stars 3/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or FXOpen?

Both FP Markets and FXOpen do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.

What funding options does each broker offer?

FP Markets and FXOpen both support Visa, Mastercard, Skrill, and bank wire transactions for deposits and withdrawals, but only FP Markets offers PayPal, whereas neither broker offers ACH or SEPA transfer options.

More Comparisons

FP Markets vs TopFX FP Markets vs XM Group FP Markets vs Alpari FP Markets vs Markets.com FP Markets vs Earn FP Markets vs HYCM (Henyep Capital Markets) FXOpen vs Capital.com FXOpen vs RoboForex FXOpen vs ThinkMarkets FXOpen vs Markets.com FXOpen vs AvaTrade FXOpen vs Plus500

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× FP Markets
× FXOpen
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating FP Markets FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 76
Winner check_circle
Review FP Markets Review
Broker Screenshots FP Markets FXOpen
Broker Gallery (click to expand) info
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 FP Markets FXOpen
Trust Score info 89 76
Year Founded info 2005 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 0
Tier-1 Licenses (Highly Trusted) FP Markets FXOpen
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) FP Markets FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 87
Forex Pairs (Total) info 71 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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).
Cost FP Markets FXOpen
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding FP Markets FXOpen
Minimum Deposit info $100 AUD $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms FP Markets FXOpen
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools FP Markets FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets FXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research FP Markets FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education FP Markets FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FP Markets FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FP Markets Review
Overall FP Markets FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 76
Winner check_circle
Review FP Markets Review
arrow_upward

close
navigate_before navigate_next