Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Spreadex, 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, established in 2005, and Spreadex, founded in 1999, are both prominent online brokers catering to a diverse clientele. Neither of these brokers is publicly traded nor operates as a bank. When it comes to regulatory credentials, FP Markets holds a strong position with two Tier-1 licenses and one Tier-2 license, indicating a high level of trust and regulation. In contrast, Spreadex has one Tier-1 license but lacks Tier-2 licenses, reflecting its regulatory stance.
According to ForexBrokers.com, FP Markets earns a Trust Score of 89, marking it as a trusted broker. Meanwhile, Spreadex has a Trust Score of 71, placing it at an average risk level. Overall, FP Markets ranks higher in terms of regulatory trust and oversight, likely appealing to traders seeking a more secure trading environment.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
For commissions and fees, FP Markets stands out as the better-priced choice for active forex traders. It earned Best in Class honors for Commissions and Fees in 2024, holds a 5/5 star rating, and ranks #11 out of 63 brokers. Spreadex is competitive for spread-only trading, with a 4/5 star rating and a #25 of 63 ranking. In January 2024, Spreadex’s EUR/USD averaged 0.81 pips, with its 0.6-pip minimum achieved 60% of the time—solid, but generally not as tight as FP Markets’ commission-based pricing.
FP Markets’ Raw ECN account is the headline option: average spreads were about 0.1 pips (roughly 0.8 pips all-in after its $6 per round-turn commission per standard lot), while the Standard account averaged around 1.1 pips on EUR/USD. You can access these through MetaTrader or cTrader, with cTrader also offering either spread-only or the same commission-based Raw setup. For share CFDs, FP Markets’ Iress suite delivers Direct Market Access with full depth of book. The Iress ViewPoint tiers require higher balances—Standard (AUD 1,000), Platinum (AUD 25,000), and Premier (AUD 50,000)—and you’ll need either the Premier tier or at least AUD 150 in monthly commissions to avoid platform and data fees. The lower-cost Iress Investor plan waives monthly fees but lacks streaming prices by default and has basic charting.
Spreadex focuses on spreads for pricing. Its EUR/USD performance in January 2024—0.81 pips on average with the 0.6-pip minimum available 60% of the month—will appeal to traders who prefer a simpler, spread-led cost structure. Compared side by side, FP Markets typically offers lower effective costs for high-volume forex traders using its Raw ECN model, while Spreadex provides straightforward spread pricing for those who value simplicity over ultra-tight, commission-based execution.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets vs. Spreadex for range of investments: both brokers list about 10,000 tradeable symbols and let you trade forex via CFDs or spot contracts. FP Markets offers 71 forex pairs compared with 52 at Spreadex, giving it a wider currency selection. Both provide cryptocurrency trading through CFDs (not actual coins). FP Markets also supports copy trading, while Spreadex does not.
Neither broker lets you buy exchange-traded shares directly on U.S. or international exchanges (so no owning Apple or Vodafone stock). According to ForexBrokers.com, Spreadex earns 5 stars and ranks 13th out of 63 for Range of Investments, while FP Markets scores 4.5 stars and ranks 16th. Choose FP Markets if you want more forex pairs and copy trading, or consider Spreadex for the higher category score.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 71 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing FP Markets vs Spreadex for trading platforms and tools: both brokers offer free virtual demo accounts and in-house (proprietary) platforms you can use in your browser. FP Markets stands out for platform choice, adding a Windows desktop platform plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It also supports copy trading. Spreadex provides its own web-based platform but does not offer a Windows desktop download, MT4 or MT5, or copy trading.
When it comes to tools, both brokers let you trade directly from charts. In ForexBrokers.com’s Trading Platforms and Tools category, each earned 4 stars, with FP Markets ranked #22 out of 63 brokers and Spreadex ranked #34. In short, FP Markets suits traders who want MT4/MT5 and copy trading alongside a desktop option, while Spreadex appeals to those who prefer a straightforward, proprietary web platform with a free demo account.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Spreadex both offer iPhone and Android apps with price alerts, so you can track markets on the go. Neither app syncs watchlists across mobile and web. For charting, both let you draw trendlines, but FP Markets goes a step further by auto-saving your drawings, while Spreadex does not. FP Markets’ app (via MetaTrader) includes the standard MetaTrader indicators, whereas Spreadex does not list a count of technical studies.
Both brokers earn 4 stars for their mobile trading apps, yet FP Markets ranks higher overall—#20 versus Spreadex at #33 out of 63 brokers on ForexBrokers.com. If you want auto-saved chart annotations and MetaTrader’s familiar indicators, FP Markets may suit you. If your needs are basic—alerts and simple chart edits—Spreadex covers the essentials.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
In this FP Markets vs Spreadex research comparison, both brokers cover the essentials. Each offers daily market commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, an economic calendar, Autochartist tools for trade ideas, and a sentiment gauge showing long/short positioning. Neither broker integrates TipRanks or Acuity Trading’s Signal Centre.
The key difference is Trading Central: FP Markets includes Trading Central analytics, while Spreadex does not. Despite both earning 4 stars for Research, FP Markets ranks #22 of 63 brokers on ForexBrokers.com, compared with Spreadex at #27. If you want an extra layer of chart-based and fundamental insights, FP Markets has the edge; if Trading Central isn’t a must, Spreadex delivers similar core research features.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing FP Markets vs Spreadex, both brokers provide sizable video libraries with at least 10 beginner-friendly lessons that explain core trading topics, including forex and CFDs. FP Markets stands out by running monthly client webinars for live learning and Q&A, which Spreadex does not offer. Both earn a 4/5 Education rating, but FP Markets is ranked higher (#22 of 63) than Spreadex (#33 of 63) by ForexBrokers.com.
As you progress, FP Markets also supplies 10+ advanced videos, while Spreadex does not, making FP Markets better suited for a full learning path from basics to more advanced strategies. If you’re seeking live sessions and materials that grow with your skills, choose FP Markets; if you only need entry-level videos, Spreadex can still meet that need.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 Spreadex. FP Markets finished with an overall rank of #19, while Spreadex finished with an overall rank of #32.
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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Spreadex
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|---|---|---|
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| Trust Score | 89 | 71 |
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In the FP Markets vs Spreadex comparison, neither online broker lets you buy actual (delivered) cryptocurrency, but both support cryptocurrency trading via CFDs.
FP Markets vs Spreadex funding methods: both brokers do not offer ACH/SEPA transfers but do support bank wire transfers; FP Markets additionally supports PayPal and Skrill for deposits and withdrawals while Spreadex does not, and Visa/Mastercard availability is not specified for either.
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 | Spreadex | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
| Broker Screenshots | FP Markets | Spreadex | |
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| Regulation | FP Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | No |
| Tier-2 Licenses (Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| Forex Pairs (Total) | 71 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Spreadex Review |
| Overall | FP Markets | Spreadex | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
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