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FP Markets vs iFOREX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FP Markets vs iFOREX, 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
iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750

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 iFOREX are two online brokers that differ significantly in their regulatory standings and trust scores. Established in 2005, FP Markets is not a publicly traded company nor a bank, but it holds 2 highly trusted Tier-1 licenses and 1 trusted Tier-2 license. With a Trust Score of 89 out of 99 from ForexBrokers.com, FP Markets is considered a trusted option in the financial world.

On the other hand, iFOREX was founded earlier, in 1996, but like FP Markets, it is neither publicly traded nor a bank. iFOREX holds 1 Tier-1 license and lacks any Tier-2 licenses, which positions it differently in terms of regulatory assurance. With a Trust Score of 75, iFOREX falls into the average risk category. While both brokers offer viable services, FP Markets edges out in trustworthiness according to ForexBrokers.com ratings.

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
Year Founded info 2005 1996
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When it comes to commissions and fees, FP Markets stands out with its competitive pricing structure, earning a 5-star rating and ranking 6th out of 63 brokers according to ForexBrokers.com. Particularly noteworthy is their Raw ECN account, which boasts spreads as low as 0.1 pips, making it an appealing choice for traders seeking value. However, for those using the Iress platform in Australia, a variety of account levels are available, each with distinct deposit requirements. While higher-tiered accounts like Premier offer cost efficiencies, less frequent traders might find the monthly fees less attractive.

Conversely, iFOREX presents a slightly different scenario with average spread data unavailable. This broker ranks lower on the scale, receiving a 3-star rating and placing 61st out of the same 63 brokers. While they may not offer the cost efficiency of FP Markets, iFOREX could still appeal to traders whose priorities extend beyond strictly commission and fee structures.

The disparity in star ratings and rankings between FP Markets and iFOREX underscores a clear difference in value for traders focused on cost reduction. With FP Markets earning accolades for their pricing, particularly with their ECN account offerings, they remain a strong contender for the cost-conscious trader. iFOREX, while still a valid option, may not be the go-to choice for those primarily concerned with fees and commissions.

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
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 No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes Yes
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

When comparing FP Markets and iFOREX for available investment options, both platforms allow forex trading as a CFD or spot contract. FP Markets provides a broad range of opportunities, offering up to 10,000 tradable symbols, while iFOREX presents 750 symbols. Despite having fewer overall symbols, iFOREX offers a slightly higher number of forex pairs at 88 compared to FP Markets' 71. However, neither broker offers the chance to buy exchange-traded securities on U.S. or international exchanges, and both focus on derivatives for cryptocurrency trading. FP Markets distinguishes itself with the option for copy trading, which is not available on iFOREX.

In terms of ratings, FP Markets scores 4.5 stars for its range of investments and is ranked 18th among 63 brokers by ForexBrokers.com. Conversely, iFOREX receives 3.5 stars and is ranked 41st. While both brokers offer similar services, FP Markets has a broader array of assets and the added benefit of copy trading, making it a potentially more versatile choice for investors seeking diverse trading options.

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 750
Forex Pairs (Total) info 71 88
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
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). 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 stands out with its extensive offering of trading platforms and tools. Traders can benefit from a free virtual demo account, making it a great option for those new to trading or looking to test strategies without financial risk. FP Markets provides both a proprietary platform and widely recognized MetaTrader platforms (MT4 and MT5), catering to diverse trading needs. Additionally, FP Markets offers a Windows-based desktop platform and a browser-based platform, while enabling traders to engage in copy trading. With 17 drawing tools and the ability to trade directly from stock charts, FP Markets equips traders with essential features for effective trading decisions.

On the other hand, iFOREX offers a proprietary, web-based platform, which may appeal to those looking for a straightforward trading experience without reliance on downloads. However, iFOREX lacks a demo account feature and renowned platforms like MetaTrader, which could be a drawback for some traders. Despite not supporting copy trading or certain other popular tools, iFOREX provides a greater number of drawing tools with 25 available options for charting and offers more watchlist customization with 9 fields. Both brokers are rated four stars for their trading platforms and tools, but FP Markets holds a higher rank, positioned at #23 compared to iFOREX's #54, reflecting broader recognition in the industry for platform features.

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
Virtual Trading (Demo) info Yes No
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 57
Charting - Drawing Tools (Total) info 17 25
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 9
View More

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

Forex trading apps

When comparing FP Markets and iFOREX, both brokers offer mobile trading apps for iPhone and Android devices. FP Markets stands out with its versatile features, including the ability to receive stock and forex price alerts and draw trendlines on charts. Users can view different time frames on charts, such as daily or weekly, and the app automatically saves these drawings. Additionally, FP Markets provides real-time quote watchlists, making it easier for traders to keep track of their investments.

On the other hand, iFOREX offers a more straightforward mobile app experience, but it lacks several advanced features found in FP Markets. For instance, iFOREX does not offer price alerts, trendline drawing, or real-time watchlists in its app. Although both brokers have a four-star rating for their mobile apps, FP Markets ranks significantly higher at number 18 out of 63 brokers, compared to iFOREX's rank of 55. This higher ranking reflects the comprehensive functionalities that FP Markets offers to enhance the trading experience for its mobile users.

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

Dive deeper: Best Forex Trading Apps.

Market research

When comparing FP Markets and iFOREX for their market research offerings, both brokers provide daily market commentary to keep traders informed. However, FP Markets stands out by delivering forex news from top-tier sources such as Bloomberg and Reuters, a feature that iFOREX lacks. Both platforms include tools from Trading Central for technical analysis, but FP Markets has a broader selection of research tools, including Autochartist, which iFOREX does not offer. Both brokers also provide sentiment-based trading tools and comprehensive economic calendars to help traders identify potential opportunities.

FP Markets is rated 4 stars for research, reflecting its wide range of tools and information, while iFOREX receives a 3.5-star rating. According to ForexBrokers.com, FP Markets ranks 25th out of 63 brokers in the research category, whereas iFOREX is ranked 48th. This comparison highlights FP Markets' superior research capabilities, making it a more attractive choice for traders who prioritize comprehensive market analysis.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners interested in forex and CFDs trading, FP Markets stands out compared to iFOREX. FP Markets offers a comprehensive selection of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs. Additionally, they provide monthly online webinars and maintain a searchable archive of these sessions, allowing clients to learn at their own pace. Beginners can also benefit from more than ten introductory videos specific to trading, on top of advanced content for more experienced traders. An investor dictionary with over fifty definitions ensures that even the newest trader understands key terminologies.

On the other hand, while iFOREX offers at least ten beginner-oriented educational videos, its resources are more limited in comparison. The platform does not provide a sufficient library of forex-focused educational content or monthly webinars, nor does it offer an archive of previous sessions. iFOREX lacks an investor dictionary as well. When it comes to broker rankings, FP Markets secures a higher position, ranked 23rd out of 63 brokers by ForexBrokers.com for Education, earning a 4-star rating. Meanwhile, iFOREX holds the 53rd spot with a 3.5-star rating, indicating that FP Markets delivers a more extensive educational experience for those just starting in trading.

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) 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 iFOREX. FP Markets finished with an overall rank of #19, while iFOREX finished with an overall rank of #52.

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

Feature FP Markets logoFP Markets
iFOREX logoiFOREX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 89 75
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 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 iFOREX?

Both FP Markets and iFOREX provide the option to trade cryptocurrency derivatives but do not offer the purchase of actual delivered cryptocurrencies.

What funding options does each broker offer?

Both FP Markets and iFOREX provide options such as PayPal, Skrill, Visa or Mastercard, and bank wires for depositing or withdrawing account funds, yet neither offers ACH or SEPA transfers.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating FP Markets iFOREX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 75
Winner check_circle
Review FP Markets Review
Broker Screenshots FP Markets iFOREX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FP Markets iFOREX
Trust Score info 89 75
Year Founded info 2005 1996
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 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) FP Markets iFOREX
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 No No
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 iFOREX
Kenya (CMA Authorised) info No No
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 No No
Investments FP Markets iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 750
Forex Pairs (Total) info 71 88
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
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). 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 iFOREX
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 No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding FP Markets iFOREX
Minimum Deposit info $100 AUD $100
PayPal (Deposit/Withdraw) info Yes Yes
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 iFOREX
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets iFOREX
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 9
Charting - Indicators / Studies (Total) info 30 57
Charting - Drawing Tools (Total) info 17 25
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading FP Markets iFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research FP Markets iFOREX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets iFOREX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FP Markets iFOREX
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 iFOREX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 75
Winner check_circle
Review FP Markets Review
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