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 |
When comparing FP Markets and FxPro regarding commissions and fees, FP Markets stands out as a more cost-effective option. FP Markets offers a highly competitive commission-based ECN account through its MetaTrader and cTrader platforms, earning it the Best in Class honors for Commissions and Fees in the 2024 Annual Awards. With an average spread of 0.1 pips for its Raw ECN account and a flat rate commission of $6 per round-turn standard lot for forex trading, FP Markets proves exceptionally attractive for traders looking for lower costs. However, its Iress ViewPoint account is geared towards active traders with high balance accounts due to its less affordable fee structure. FP Markets is rated 5 stars and ranks #6 out of 62 brokers for Commissions and Fees by ForexBrokers.com.
In contrast, FxPro's pricing is higher than the industry average, which may not appeal to cost-sensitive traders. While FxPro provides multiple execution methods on its MT4 platform, its competitive spreads are primarily available on the cTrader platform. Here, the effective spread for trading the EUR/USD pair averages 1.27 pips, a figure that includes a spread of 0.37 pips plus a commission-equivalent of 0.9 pips. Additionally, FxPro has a floating-rate spread model for its MT4 and MT5 platforms, with spreads ranging from 1.51 to 1.71 pips for the EUR/USD pair, depending on execution type. Despite offering an Active Trader program with discounts, FxPro still lags behind industry leaders in terms of value. FxPro is rated 4 stars and ranks #32 out of 62 brokers regarding Commissions and Fees by ForexBrokers.com.
| 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.
FP Markets and FxPro both offer forex trading as CFDs, ensuring traders have access to various markets. FP Markets shines with an impressive offering of 10,000 tradeable symbols and 71 forex pairs, slightly edging out FxPro, which offers 2,249 symbols and 70 forex pairs. Neither broker provides exchange-traded securities on U.S. exchanges, meaning traders can't directly purchase stocks like Apple. However, FxPro stands out by offering international exchange-traded securities, giving traders the option to invest in global shares such as Vodafone, while FP Markets focuses more heavily on CFD offerings.
Both FP Markets and FxPro support copy trading, allowing traders to mirror the strategies of successful investors. For cryptocurrency enthusiasts, both brokers offer derivatives trading but do not support the purchase of actual cryptocurrencies. Rated 4.5 stars for its range of investments, FP Markets ranks #18 out of 62 brokers according to ForexBrokers.com, showcasing its impressive scope. Meanwhile, FxPro receives a 4-star rating and ranks at #28, indicating solid, though slightly less comprehensive, investment options. These rankings reflect their respective strengths in offering diverse investment opportunities to traders.
| 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.
When comparing FP Markets and FxPro, both brokers provide strong options for traders looking for versatile trading platforms and tools. Each offers proprietary platforms, alongside popular choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and they also ensure users can trade via Windows-based desktops or directly through a web browser. Traders seeking to start with simulated trading will find both brokers offer demo accounts to practice strategies without risk. Moreover, copy trading is supported by both FP Markets and FxPro, adding an extra layer of flexibility for those interested in following expert traders.
In terms of charting tools, FxPro stands out slightly with 25 drawing tools compared to FP Markets' 17, though both brokers allow trading directly from stock charts. For personalized trading experiences, FxPro offers six columns for watch lists, while FP Markets provides seven. Both brokers have received a four-star rating for their trading platforms and tools. However, in ForexBrokers.com's ranking of 62 brokers, FxPro claims a slight edge, coming in at 17th, while FP Markets ranks 23rd, indicating a small preference towards FxPro in overall platform and tool offerings.
| 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 provide robust mobile trading experiences with their applications available for both iPhone and Android users. They feature essential functionalities such as stock or forex price alerts, the ability to draw trendlines, and multiple time frame views on charts. Users can create watchlists with real-time quotes, although FP Markets doesn't support watchlist syncing with online accounts, a feature FxPro does offer. Furthermore, while both apps automatically save chart drawings, FxPro comes with 65 technical studies for charting, exceeding the default MetaTrader offerings of FP Markets.
In terms of market ratings and rankings, FxPro slightly edges out FP Markets with a 4.5-star rating compared to FP Markets’ 4-star rating for their mobile trading apps. According to ForexBrokers.com, out of 62 brokers, FxPro ranks 15th, while FP Markets is positioned at 18th in the Mobile Trading Apps category. Whether you're looking for comprehensive charting options or just straightforward trading functionalities, both platforms offer compelling choices, though FxPro holds a slight advantage in specific app features and rankings.
| 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 offerings, both brokers provide a range of valuable tools and resources. They each deliver daily market commentary and access to forex news from renowned sources like Bloomberg and Reuters. Additionally, both brokers support technical analysis through Trading Central, alongside sentiment-based trading tools to observe market positions. However, FP Markets stands out by integrating tools from Autochartist, enhancing their technical analysis capabilities, which FxPro does not offer. Both brokers, however, lack research offerings from TipRanks and Acuity Trading.
FP Markets and FxPro cater to traders with economic calendars that track global news events, adding a strategic edge to decision-making processes. Despite these similarities, FP Markets achieves a slight advantage in rankings, securing the 25th spot on ForexBrokers.com, just ahead of FxPro at 26. Nevertheless, both brokers earn a solid 4-star rating in research, reflecting their commitment to providing reliable market insights.
| 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. Each provides more than 10 educational pieces focused on forex or CFDs, which include a variety of articles, videos, and archived webinars. Both platforms also offer at least 10 introductory videos specifically tailored for trading novices. FP Markets, however, steps ahead by offering live educational webinars every month, a feature FxPro does not provide. Both brokers maintain searchable archives of previously recorded webinars, adding convenience for users who wish to revisit lessons.
FP Markets offers a richer selection when it comes to advanced educational videos, catering to those looking to refine their trading skills, whereas FxPro does not meet this criterion for experienced traders. In terms of terminology, both brokers equip users with investor dictionaries containing over 50 key investing terms. Despite FP Markets' advantage in live and advanced content, both brokerages receive a commendable 4-star rating for education. Interestingly, FxPro marginally outshines FP Markets by ranking at #18 compared to FP Markets' #23 in educational resources according to ForexBrokers.com.
| 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 62 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
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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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