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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 account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FP Markets vs FXOpen: For range of investments, FP Markets offers far more choice. FP Markets provides about 10,000 tradeable symbols and 71 forex pairs, compared with FXOpen’s 87 symbols and 25 forex pairs. Both brokers support forex trading via CFDs or spot contracts, but FP Markets simply covers more markets.

Neither broker offers exchange-traded shares in the U.S. or on international exchanges. Both include copy trading and cryptocurrency CFDs (not actual, delivered crypto). According to ForexBrokers.com, FP Markets earned 4.5/5 stars for Range of Investments and ranked 19th of 63 brokers, while FXOpen received 3/5 stars and ranked 63rd of 63.

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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No 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).

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 broker provides a free demo account for practice, offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and supports web and Windows desktop platforms. You can place trades directly from charts and tap into copy trading on both, making them appealing to beginners testing strategies as well as experienced traders who prefer MetaTrader’s ecosystem.

The biggest platform difference is that FP Markets also offers its own proprietary platform, while FXOpen sticks to third‑party options. Both brokers earn 4 out of 5 stars for Trading Platforms and Tools, yet FP Markets ranks higher overall in this category (#23 of 63) than FXOpen (#54 of 63) on ForexBrokers.com. If you want an in‑house platform option alongside MT4/MT5, FP Markets has the edge; if you’re focused on MetaTrader with web and desktop access plus copy trading, either broker can fit the bill.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
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 30 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

FP Markets vs FXOpen: Both brokers offer mobile trading apps for iPhone and Android. Each app supports price alerts for forex and other markets, helping you react quickly to price moves. One drawback is watchlists—neither app syncs symbols between mobile and your online account, so edits made in one place won’t appear in the other.

For charting, FP Markets uses MetaTrader by default, giving you MetaTrader’s standard indicator set, while FXOpen lists 30 technical studies. Both apps let you draw trendlines, but only FP Markets auto-saves your drawings so annotations persist between sessions. Ratings are tied at 4 out of 5 for Mobile Trading Apps, yet FP Markets ranks higher overall on ForexBrokers.com (#18 of 63) compared with FXOpen (#55 of 63).

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

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 (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes No
Client sentiment data info Yes No
TipRanks info No
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 education in forex and CFDs: FP Markets clearly offers more structured learning. It runs ongoing client webinars (at least one per month) and provides extensive video lessons, with at least 10 beginner videos and at least 10 advanced videos that help new traders progress step by step. Reflecting this stronger learning path, FP Markets earns 4 out of 5 stars for Education and ranks #23 out of 63 brokers on ForexBrokers.com.

FXOpen trails FP Markets for newcomers. It does not host monthly educational webinars and does not offer sets of at least 10 beginner or 10 advanced trading videos, which can make building a foundation slower for first-time traders. This lighter lineup is echoed in its ratings: FXOpen scores 3 out of 5 stars for Education and ranks #59 out of 63 brokers. If you value frequent webinars and a larger video library, FP Markets is the more beginner-friendly choice.

Feature FP Markets logoFP Markets
FXOpen logoFXOpen
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

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?

FP Markets vs FXOpen: These online brokers do not support buying actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.

What funding options does each broker offer?

FP Markets vs FXOpen: FP Markets offers PayPal, Skrill, and bank wire deposits/withdrawals (no ACH or SEPA; Visa/Mastercard not disclosed), while FXOpen likewise does not support ACH or SEPA and has not disclosed whether it supports PayPal, Skrill, Visa/Mastercard, or bank wires.

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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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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, FSRA, or SCA 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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No 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).
Cost FP Markets FXOpen
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Inactivity Fee info No Yes
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding FP Markets FXOpen
Minimum Deposit info $100 AUD $100
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms FP Markets FXOpen
Proprietary Desktop Trading Platform info Yes No
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 Yes No
Trading Tools FP Markets FXOpen
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research FP Markets FXOpen
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education FP Markets FXOpen
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs FP Markets FXOpen
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 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
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