Is FP Markets better than Markets.com? After testing 30 of the best forex brokers over five months, Markets.com is better than FP Markets. Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
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Markets.com vs FP Markets 2020
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Markets.com | FP Markets |
| Overall | ||
| Markets.com Review | FP Markets Review | |
| 70% of retail CFD accounts lose money | The vast majority of retail CFD accounts lose money |
Regulation
| Feature | Markets.com | FP Markets |
| Trust Score | 97 | 81 |
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Year Founded |
1999 | 2005 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
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Tier-2 Licenses |
2 | 1 |
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Tier-3 Licenses |
1 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | Markets.com | FP Markets |
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ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
No | No |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | Markets.com | FP Markets |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
57 | 61 |
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CFDs - Total Offered |
2179 | 8908 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | Markets.com | FP Markets |
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Average Spread EUR/USD - Standard |
1.9 (as of Oct 19) | 1.14 (June 2020) |
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All-in Cost EUR/USD - Active |
1.9 (as of May 19) | 0.64 (June 2020) |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | Markets.com | FP Markets |
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Minimum Initial Deposit |
$100 | $100 AUD |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | Yes |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Markets.com | FP Markets |
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Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | Yes |
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cTrader |
No | No |
Trading Tools
| Feature | Markets.com | FP Markets |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watchlists - Total Fields |
6 | Default (MT4/MT5) |
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Charting - Indicators / Studies (Total) |
89 | 59 |
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Charting - Drawing Tools (Total) |
4 | Default (MT4/MT5) |
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Charting - Trade From Chart |
No | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | No |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | Markets.com | FP Markets |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
(default on MT4, none on Markets app) | Default (MT4/MT5) |
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Charting - Draw Trend Lines |
Yes | No |
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Charting - Trend Lines Moveable |
No | No |
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Charting - Multiple Time Frames |
No | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | Markets.com | FP Markets |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
Yes | No |
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AutoChartist |
No | Yes |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
Yes | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | Markets.com | FP Markets |
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Has Education - Forex |
No | Yes |
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Has Education - CFDs |
No | Yes |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
No | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | Markets.com | FP Markets |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Markets.com | FP Markets |
| Markets.com Review | FP Markets Review | |
| Overall | ||
| Winner | check_circle |
Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Markets.com.
Does FP Markets or Markets.com offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Markets.com offers better pricing overall for traders.
Is FP Markets or Markets.com safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Markets.com holds 2 global Tier-1 licenses, while FP Markets holds 1. Markets.com holds 2 global Tier-2 licenses, while FP Markets holds 1. All regulators considered, Markets.com has a Trust Score of 97.00, while FP Markets's Trust Score is 81.00.
Which trading platform is better: FP Markets or Markets.com?
To compare the trading platforms of both FP Markets and Markets.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Markets.com offers a better experience. With research, Markets.com offers superior market research. Finally, we found Markets.com to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FP Markets and Markets.com both offer copy trading. Both FP Markets and Markets.com offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
FP Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Markets.com's 57 available pairs. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while Markets.com has 2179 available CFDs, a difference of 6,729.
Overall, between FP Markets and Markets.com, Markets.com is the better forex broker.
FP Markets ReviewMarkets.com Review
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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