Written by ForexBrokers.com
In this head to head comparison of FP Markets vs FXGT.com, 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.
FP Markets, established in 2005, and FXGT.com, founded in 2019, are both online brokers not listed on any stock exchange and are not banks. In terms of regulatory strength, FP Markets holds two Tier-1 licenses and one Tier-2 license, indicating a strong level of trust. FXGT.com, on the other hand, has one Tier-1 license and one Tier-2 license, suggesting it's reliable but not as highly regarded as FP Markets. According to ForexBrokers.com, FP Markets earns a Trust Score of 89, placing it in the "trusted" category, while FXGT.com scores 69, ranking it as high risk.
Choosing between these two brokers depends on one’s preference for established history and regulatory backing. FP Markets, with its longer presence in the industry and higher Trust Score, may appeal more to those who prioritize trust and stability. Meanwhile, FXGT.com, with solid regulatory oversight, might attract those who are willing to consider brokers that are newer to the market. Both brokers provide trustworthy trading environments, but FP Markets edges ahead with a more favorable and reliable reputation.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2005 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FP Markets is the clear winner on pricing. It earns 5/5 stars for commissions and fees and ranks #6 of 63 brokers in ForexBrokers.com’s 2024 review, also taking Best in Class honors. FXGT.com scores 3.5/5 stars and ranks #57 of 63 in the same category.
With FP Markets, the commission-based Raw ECN account averaged 0.1 pips as of October 2023 (about 0.8 pips all-in once you include the $6 per round-turn per standard lot commission), while the Standard account averaged 1.1 pips on EUR/USD. You can trade via MetaTrader or cTrader on either spread-only (Standard) or commission-based (Raw) pricing. For share CFDs, FP Markets’ Iress suite offers Direct Market Access and full depth of book. Iress ViewPoint accounts in Australia have minimums of AUD 1,000 (Standard), AUD 25,000 (Platinum), and AUD 50,000 (Premier); to avoid platform and data fees, you must qualify for Premier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor plan waives monthly fees but lacks streaming data and has pared-back charting.
FXGT.com does not provide average spread data, making direct price comparisons tougher. Its 3.5/5 star rating and #57/63 ranking in Commissions and Fees indicate higher costs versus FP Markets. By contrast, FP Markets publishes tight spread averages and a clear ECN commission of $6 per round-turn per standard lot, which can help cost-focused traders gauge their likely trading expenses.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 AUD | $5 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FP Markets vs FXGT.com for range of investments, FP Markets offers far greater breadth with 10,000 tradeable symbols and 71 forex pairs, while FXGT.com lists 117 symbols and 53 forex pairs. Both brokers support forex trading (CFD or spot), provide copy trading, and offer cryptocurrency CFDs; neither supports buying actual crypto. Also, neither broker provides exchange-traded securities on U.S. or international exchanges.
For range, FP Markets earns 4.5/5 stars and ranks #19 out of 63 brokers on ForexBrokers.com, whereas FXGT.com is rated 3/5 stars and ranks #62 out of 63. If you value a wider choice of instruments and forex pairs, FP Markets has the edge; if you need a smaller lineup with similar features like copy trading and crypto CFDs, FXGT.com may still fit.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 117 |
| Forex Pairs (Total) | 71 | 53 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
FP Markets and FXGT.com both offer free demo accounts for paper trading, plus a full lineup of popular platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), web-based platforms, and Windows desktop downloads. Copy trading is available at both brokers, and you can place trades directly from charts. A key difference is that FP Markets also provides a proprietary, in-house platform, while FXGT.com sticks to third-party options.
For Trading Platforms and Tools, both brokers earn 4 stars from ForexBrokers.com. However, FP Markets ranks #23 out of 63 brokers, while FXGT.com ranks #57. If you want MetaTrader with the added choice of a broker-built platform, FP Markets may fit. If you prefer to keep things simple with MetaTrader and web tools, FXGT.com delivers that core experience.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and FXGT.com both offer mobile trading apps for iPhone and Android, support price alerts, and let you draw trendlines with auto‑saved drawings. In testing by ForexBrokers.com, FP Markets earned 4 stars and ranked #18 out of 63 for Mobile Trading Apps, while FXGT.com received 3.5 stars and ranked #59.
Key differences: FXGT.com syncs your watchlist symbols between the mobile app and your online account, whereas FP Markets does not. For charting, FP Markets uses the standard MetaTrader indicator set, while FXGT.com lists 30 built‑in studies. If you want higher-rated overall mobile performance, FP Markets has the edge; if cross-device watchlist sync is a must, FXGT.com offers that feature. Both are good picks for forex traders who need alerts and straightforward charting on the go.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets offers a fuller set of market research tools than FXGT.com. FP Markets includes daily market commentary, forex news from top-tier outlets like Bloomberg, Reuters, or Dow Jones, and technical analysis tools from both Autochartist and Trading Central. It also provides a sentiment tool and an economic calendar. FXGT.com does not provide daily commentary, top-tier news, Autochartist, or Trading Central, but it does offer a sentiment tool and an economic calendar. Neither broker includes research from Acuity Trading; FP Markets does not offer TipRanks, and FXGT.com’s TipRanks access is not indicated.
For overall research quality, FP Markets holds a 4-star rating and ranks #25 out of 63 brokers, while FXGT.com has a 3-star rating and ranks #57. If you want richer in-platform research and tools to support technical and fundamental analysis, FP Markets is the stronger choice; FXGT.com covers the basics for traders who only need sentiment data and an economic calendar.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For newcomers, FP Markets offers a fuller learning path. It runs client webinars at least once a month and features 10+ beginner videos plus 10+ advanced videos that cover forex and CFD topics, helping you move from the basics to deeper concepts. FXGT.com, on the other hand, does not host monthly educational webinars and doesn’t have a video catalog with 10 or more beginner or advanced lessons, which means fewer structured, on-demand learning options for first-time traders.
These differences show up in independent ratings: FP Markets earns 4 out of 5 stars for Education and ranks 23rd out of 63 brokers at ForexBrokers.com, while FXGT.com scores 3 stars and ranks 61st. If education is a priority—especially for beginners—FP Markets is the stronger choice; FXGT.com may suit traders who only need a basic introduction and plan to learn elsewhere.
| Feature |
FP Markets
|
FXGT.com
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than FXGT.com. FP Markets finished with an overall rank of #19, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 69 |
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Neither FP Markets nor FXGT.com lets you buy actual (delivered) cryptocurrency; however, both brokers offer trading in cryptocurrency CFDs.
FP Markets does not offer ACH/SEPA but supports PayPal, Skrill, and bank wires, whereas FXGT.com offers ACH/SEPA but its support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified; Visa/Mastercard for FP Markets is also not specified.
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 | FP Markets | FXGT.com | |
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| Trust Score | 89 | 69 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | FXGT.com | |
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| Regulation | FP Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 89 | 69 | |
| Year Founded | 2005 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | FP Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 117 | |
| Forex Pairs (Total) | 71 | 53 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | FP Markets | FXGT.com | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $5 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | FP Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | FXGT.com | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | FXGT.com | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review |
| Overall | FP Markets | FXGT.com | |
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| Trust Score | 89 | 69 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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