Written by ForexBrokers.com
In this head to head comparison of FP Markets vs FxPro, 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 and FxPro are well-known online brokers, established in 2005 and 2006, respectively. While both are not publicly traded on any stock exchange, they have strong regulatory credentials that make them trusted choices for traders. FP Markets holds two Tier-1 licenses, considered the highest level of regulatory trust, along with one Tier-2 license. Similarly, FxPro also boasts two Tier-1 licenses and one Tier-2 license. Though both brokers have solid regulatory standings, only FxPro operates as a bank, adding another layer of trust for its clients.
When considering Trust Score ratings from ForexBrokers.com, FxPro stands out with a score of 93 out of 99, suggesting it is highly trusted. FP Markets, with a score of 89, is also deemed trustworthy but slightly trails FxPro in this aspect. Both companies have taken steps to ensure they meet stringent regulatory standards, offering peace of mind to their clients in an industry where trust is crucial.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Year Founded | 2005 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
FP Markets is renowned for its competitive pricing strategies, particularly with its MetaTrader and cTrader platforms. The broker is highly favored for its commission-based ECN account offering, earning the prestigious Best in Class honors for Commissions and Fees in the 2024 Annual Awards. FP Markets shines with a Raw ECN account featuring low spreads averaging 0.1 pips, creating an all-in cost of 0.8 pips after commission. However, its Standard account displays higher spreads, primarily for the EUR/USD pair at 1.1 pips. The Iress platform suite offers varying account options for traders, with the Iress ViewPoint account being more suitable for high-balance, active traders. With a star rating of 5 out of 5, FP Markets is ranked #6 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, FxPro positions itself with a pricing model slightly above the industry average, which might not appeal to price-sensitive traders. Their platform offers variable or fixed spreads with options for instant or market execution on MetaTrader, while cTrader features their most competitive spreads at an effective rate of 1.27 pips for the EUR/USD pair. However, their floating-rate model on MT4 and MT5 indicates higher spreads, with EUR/USD spreads being 1.58 for market execution. Despite the Active Trader program providing up to 30% in discounts, FxPro's commissions and fees are less competitive compared to industry frontrunners. FxPro holds a star rating of 4 out of 5 and is ranked #32 out of 63 brokers for Commissions and Fees by ForexBrokers.com.
In summary, when considering commission and fee structures, FP Markets emerges as a more cost-effective choice, particularly for traders seeking lower spreads and competitive pricing on its ECN accounts. Meanwhile, FxPro, though offering a variety of execution methods and platforms, may not be ideal for the budget-conscious trader, given its relatively higher spread trading costs. Both brokers provide distinct account options and features tailored for different trading styles, yet FP Markets clearly excels in keeping trading expenses low.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.51 |
| All-in Cost EUR/USD - Active | 0.7 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and FxPro, both platforms offer forex trading through CFDs or spot contracts. However, FP Markets stands out with an impressive catalog of 10,000 tradable symbols compared to FxPro’s 2,249, giving traders a broader selection of investment options. While both brokers provide nearly the same number of forex pairs—71 for FP Markets and 70 for FxPro—they differ in terms of international exchange offerings. FxPro allows clients to buy shares on international exchanges, unlike FP Markets. Additionally, both brokers offer copy trading and the ability to purchase cryptocurrency derivatives, but not actual cryptocurrencies.
FP Markets is rated slightly higher than FxPro in terms of the range of investments, earning 4.5 stars compared to FxPro’s 4 stars. Additionally, on ForexBrokers.com, FP Markets is ranked #18 out of 63 brokers for their offering in this category, whereas FxPro is ranked #28. This positions FP Markets as a more comprehensive platform for traders looking for a wider selection, making it a strong contender for those prioritizing variety in their investment portfolio.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 2249 |
| Forex Pairs (Total) | 71 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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.
FP Markets and FxPro both provide traders with a comprehensive suite of trading platforms and tools, making them attractive choices for online trading. Notably, both brokers offer virtual demo accounts, allowing users to practice trading without financial risk. They have proprietary platforms developed in-house and support popular platforms like MetaTrader 4 and MetaTrader 5. For traders who prefer flexibility, both brokers offer downloadable platforms for Windows as well as web-based platforms accessible through a browser. Additionally, users can engage in copy trading with both brokers. However, neither FP Markets nor FxPro supports DupliTrade or ZuluTrade. When it comes to chart analysis, FxPro edges out with 25 drawing tools compared to FP Markets' 17, yet both allow direct trading from stock charts.
Looking at watch list capabilities, FP Markets provides seven columns for fields, one more than FxPro’s six, offering slightly more customization in tracking trades. In terms of overall evaluation, both platforms are rated at four stars for their trading platforms and tools. However, FxPro ranks slightly higher at #17 compared to FP Markets' #23 out of 63 brokers, according to ForexBrokers.com. Whether you prioritize comprehensive drawing tools or wish to have a broader watch list, both platforms offer valuable features to enhance your trading experience.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 53 |
| Charting - Drawing Tools (Total) | 17 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and FxPro both offer iPhone and Android apps for traders on the move, providing essential tools such as stock and forex price alerts, the ability to draw trendlines, and viewing multiple time frames on charts. Both apps also allow users to create watchlists with real-time quotes, and save chart drawings automatically. However, a key differentiator is that FxPro offers watchlist symbol syncing, enabling traders to sync their watchlists across their mobile app and online accounts, a feature FP Markets lacks.
When it comes to technical analysis, FxPro's app stands out by offering 65 technical studies compared to FP Markets' default MetaTrader offering. Reflecting these differences, FxPro receives a slightly higher mobile trading app rating of 4.5 stars compared to FP Markets' 4 stars. In ForexBrokers.com's rankings, FxPro also slightly edges ahead, placing 15th out of 63 brokers, while FP Markets comes in at 18th. Both apps provide solid options, but FxPro's additional features and higher ratings may offer a more comprehensive experience for active traders.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 65 |
| 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 FP Markets and FxPro for market research resources, both brokers offer daily market commentary and forex news from highly regarded sources like Bloomberg and Reuters. They also provide sentiment-based trading tools and have economic calendars to keep traders informed on global news events. However, FP Markets has an edge in offering tools from Autochartist for technical and fundamental analysis, while FxPro does not include these resources in their offerings. Each broker provides tools from Trading Central, ensuring traders have access to essential technical analytics. Neither FP Markets nor FxPro offers research tools from Acuity Trading or market research from TipRanks.
Both brokers have received a rating of four out of five stars for research, indicating a strong performance in this area. FP Markets is ranked slightly higher, at 25th out of 63 brokers on ForexBrokers.com, while FxPro ranks 26th. This minor difference in ranking reflects FP Markets' slightly broader range of research tools, which may better suit traders who value access to diverse analytical resources.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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.
When comparing the educational resources available for beginners at FP Markets and FxPro, both brokers offer a solid foundation with over 10 educational pieces such as articles, videos, and archived webinars focusing on forex and CFDs. Both platforms provide beginner-friendly educational videos, ensuring newcomers gain an accessible introduction to trading concepts. However, FP Markets stands out by having monthly online webinars, which FxPro does not offer. FP Markets also supports traders with advanced educational videos specifically designed for experienced traders, an area where FxPro falls short.
In terms of additional resources, both brokers offer an extensive investor dictionary that includes definitions for at least 50 investing terms. Though FP Markets and FxPro both receive a 4-star rating for education, FxPro is ranked higher at #18 in the Education category by ForexBrokers.com, compared to FP Markets at #23. Ultimately, traders focused on continuous and varied educational opportunities may find FP Markets slightly more beneficial, especially with its monthly webinars and advanced video content.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FP Markets is better than FxPro. FP Markets finished with an overall rank of #19, while FxPro finished with an overall rank of #21.
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
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 93 |
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Both FP Markets and FxPro do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to buy cryptocurrency derivatives.
When comparing FP Markets and FxPro, both brokers provide options for depositing and withdrawing funds using PayPal, Skrill, Visa or Mastercard, and bank wires, but while FxPro also supports ACH and SEPA transfers, FP Markets does not offer these options.
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 | FxPro | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review | FxPro Review |
| Broker Screenshots | FP Markets | FxPro | |
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| Regulation | FP Markets | FxPro | |
|---|---|---|---|
| Trust Score | 89 | 93 | |
| Year Founded | 2005 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 2249 | |
| Forex Pairs (Total) | 71 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.7 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | FxPro | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FP Markets | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 53 | |
| Charting - Drawing Tools (Total) | 17 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 65 | |
| 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 | FP Markets | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | FxPro | |
|---|---|---|---|
| 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 | FP Markets Review | FxPro Review |
| Overall | FP Markets | FxPro | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review | FxPro Review |
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