Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Markets.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 and Markets.com are two well-known online brokers with distinct regulatory credentials. Founded in 2005, FP Markets is not publicly traded and does not operate as a bank. It holds two Tier-1 licenses, recognized as highly trusted, and one Tier-2 license, placing its ForexBrokers.com Trust Score at a respectable 89. This score indicates that FP Markets is considered a trusted broker, though not at the highest tier of safety.
In comparison, Markets.com has been in operation since 1999 and, like FP Markets, is neither publicly traded nor a bank. Markets.com surpasses FP Markets in regulatory credentials, boasting three Tier-1 licenses and one Tier-2 license. This higher tier presence contributes to its impressive Trust Score of 93, reflecting a higher level of trust according to ForexBrokers.com. Both brokers offer credible regulation, but Markets.com holds a slight edge in terms of regulatory assurance and trustworthiness.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets is recognized for its competitive fee structure, particularly with its commission-based Electronic Communication Network (ECN) accounts available through MetaTrader and cTrader platforms. It secured a Best in Class award for Commissions and Fees in the 2024 Annual Awards, showcasing its appeal to traders worldwide. FP Markets offers both Raw and Standard ECN accounts. The Raw ECN account boasts average spreads of 0.1 pips, translating to an all-in cost of 0.8 pips per trade, while the Standard account entails broader spreads averaging 1.1 pips. The cTrader platform, offering a similar choice between Standard and Raw accounts, has a flat $6 commission per round-trip standard lot in forex. Iress platform users in Australia benefit from Direct Market Access with variable account options, though higher premiums apply unless certain thresholds of trading activity or balance are met.
In contrast, Markets.com presents limited transparency regarding its average spreads, which can be an important factor for cost-aware traders. While Markets.com offers adequate services, it is less competitive in terms of pricing compared to FP Markets. This could impact traders who are sensitive to costs associated with frequent trading.
In the ForexBrokers.com rankings for Commissions and Fees, FP Markets shines at #6 out of 63 brokers, with a stellar rating of 5 stars. Meanwhile, Markets.com lags behind, ranking at #50 with a modest rating of 3.5 stars. These distinctions highlight FP Markets as a superior choice for traders prioritizing affordable trading conditions.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 Markets.com based on their range of investments, both provide opportunities for forex trading through CFDs or spot contracts. However, FP Markets significantly outpaces Markets.com with a considerably wider selection of 10,000 tradeable symbols versus Markets.com's 2,179. In terms of forex pairs, FP Markets also comes out ahead, offering 71 pairs compared to the 57 pairs available through Markets.com. Neither platform facilitates the purchase of exchange-traded securities, like shares on U.S. or international exchanges. Yet, investors can participate in copy trading and trade in cryptocurrency derivatives—though neither platform provides the option to buy actual cryptocurrencies.
FP Markets leads with a higher rating of 4.5 stars for its range of investments, compared to Markets.com's 4 stars. This is further reflected in their industry ranking; FP Markets secures the 18th spot among 63 brokers for investment range, while Markets.com trails at the 29th position. This makes FP Markets a more diversified option for those seeking to explore a broader spectrum of investment opportunities, whereas Markets.com still offers competitive foreign exchange and CFD choices but with a more limited array of symbols.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 2179 |
| Forex Pairs (Total) | 71 | 57 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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 Markets.com are two notable online brokers that provide traders with a range of platforms and tools. Both brokers offer simulated trading through free virtual demo accounts, which makes it easier for beginners to practice. They also have proprietary platforms developed in-house, available as Windows-based desktop downloads, and via web browsers. Copy trading, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, are accessible through both brokers. However, FP Markets takes a slight edge with the ability to trade directly from stock charts, a feature that Markets.com does not offer.
When it comes to charting tools, FP Markets offers 17 drawing tools compared to Markets.com's 4, allowing for more detailed analysis. FP Markets also provides seven columns for watch lists, one more than Markets.com. While neither broker supports DupliTrade or ZuluTrade, both are highly rated with 4-star evaluations for their trading platforms and tools. Among 63 brokers, FP Markets ranks slightly higher at #23, while Markets.com is ranked at #27 by ForexBrokers.com. These details suggest that both brokers offer strong platforms and tools, but FP Markets might appeal more to those who value extra charting capabilities and direct trading from charts.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| 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 | 89 |
| Charting - Drawing Tools (Total) | 17 | 4 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FP Markets and Markets.com support iPhone and Android platforms, ensuring that you can trade on-the-go regardless of your device. Both brokers provide stock and forex price alerts to keep you updated with market movements. FP Markets stands out for its ability to allow users to draw trendlines and view multiple time frames, such as daily or weekly, directly on the charts within its app. Additionally, drawings auto-save, offering extra convenience for users who frequently analyze charts. Markets.com, on the other hand, offers the advantage of watchlist symbol syncing, enabling seamless integration between your mobile trading app and online account. This feature ensures that any changes you make to watchlists are mirrored across all devices.
Although both brokers share the same rating of 4 out of 5 stars for their mobile trading apps, according to ForexBrokers.com, FP Markets holds a higher rank, positioned at #18 out of 63 brokers, compared to Markets.com’s rank at #33. FP Markets leverages the popular MetaTrader platform for its charting tools, enabling a familiar experience for many traders. Meanwhile, Markets.com provides default features on MT4 but none on its proprietary app. Both apps enable the creation of watchlists with real-time quotes, catering to traders who need to keep tabs on their preferred stocks or forex pairs efficiently.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| 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) | (default on MT4, none on Markets app) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both FP Markets and Markets.com offer a range of market research tools that cater to traders looking for daily insights. Each broker provides daily market commentary and access to forex news from respected sources like Bloomberg and Reuters. While both have comprehensive economic calendars, FP Markets stands out by offering additional resources like technical and fundamental analysis tools from Autochartist and Trading Central. Conversely, Markets.com lacks these particular tools. Though neither broker features market research from TipRanks or Acuity Trading, they both support sentiment-based trading tools that indicate market positioning trends across various instruments.
When it comes to overall research ratings, FP Markets and Markets.com are equally matched with a solid four-star rating out of five. However, Markets.com is slightly better positioned in the broader market landscape, ranking 17th out of 63 brokers in ForexBrokers.com's Research category, compared to FP Markets, which comes in at 25th. This suggests that while both platforms are competitive options, Markets.com holds a slight edge in their research rankings among industry peers.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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 from online brokers FP Markets and Markets.com, FP Markets stands out in several key areas. FP Markets offers a wide range of educational materials on forex and CFDs, including over 10 articles, videos, and archived webinars, ensuring newcomers gain a solid understanding of the market. It also provides regular educational webinars and a searchable archive of these sessions, which allows beginners to learn at their own pace. Markets.com, on the other hand, does provide educational webinars but lacks a comparable archive and does not meet the threshold for offering diverse forex and CFD resources.
Both FP Markets and Markets.com cater to beginners with over 10 instructional videos, but FP Markets further extends its offerings with an investor dictionary containing definitions of over 50 investing terms, which Markets.com does not provide. Although both brokers receive similar four-star ratings for education, FP Markets achieves a higher ranking at #23, compared to Markets.com's #34, indicating a more comprehensive educational experience for those new to trading.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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 Markets.com. FP Markets finished with an overall rank of #19, while Markets.com finished with an overall rank of #23.
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
|
Markets.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 93 |
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Both FP Markets and Markets.com enable traders to buy cryptocurrency derivatives, although neither platform offers the option to purchase actual (delivered) cryptocurrencies.
FP Markets and Markets.com both provide deposit and withdrawal options through Skrill, Visa, Mastercard, and bank wires, but only FP Markets offers PayPal, while neither broker supports ACH or SEPA transfers.
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 | Markets.com | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | Markets.com | |
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| Regulation | FP Markets | Markets.com | |
|---|---|---|---|
| Trust Score | 89 | 93 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Markets.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | No | |
| 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 | Markets.com | |
|---|---|---|---|
| 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 | Markets.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 2179 | |
| Forex Pairs (Total) | 71 | 57 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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 | Markets.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Markets.com | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Markets.com | |
|---|---|---|---|
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Markets.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 89 | |
| Charting - Drawing Tools (Total) | 17 | 4 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Markets.com | |
|---|---|---|---|
| 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) | (default on MT4, none on Markets app) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FP Markets | Markets.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Markets.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | Markets.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review |
| Overall | FP Markets | Markets.com | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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