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 |
FP Markets vs Spreadex on commissions and fees: FP Markets earns 5/5 stars and ranks #6 out of 63 brokers for this category, while Spreadex scores 4/5 stars and ranks #28/63. In forex, FP Markets’ commission-based Raw ECN account typically edges out Spreadex on headline costs, with an all-in EUR/USD cost around 0.8 pips versus Spreadex’s 0.81-pip average. However, FP Markets’ spread-only Standard account (about 1.1 pips on EUR/USD) is generally pricier than Spreadex’s average spread.
FP Markets keeps pricing highly competitive on MetaTrader and cTrader. The Raw ECN account averaged 0.1 pips on EUR/USD as of October 2023, plus a $6 per round-turn commission per standard lot (about 0.8 pips all-in). The Standard account is spread-only and averaged 1.1 pips. FP Markets also won Best in Class honors for Commissions and Fees in 2024. For share CFDs, its Iress suite provides Direct Market Access with full depth-of-book, but the ViewPoint tiers (AUD 1,000/25,000/50,000 minimums) can add platform and data fees unless you qualify for Premier or generate at least AUD 150 in monthly commissions; the lower-cost Iress Investor option waives monthly fees but has limited streaming data and charting.
Spreadex focuses on spread pricing: in January 2024 its EUR/USD average spread was 0.81 pips, with a 0.6-pip minimum achieved 60% of the month. That keeps Spreadex competitive against spread-only accounts, though active traders seeking the tightest all-in costs may find FP Markets’ Raw ECN structure more appealing. Bottom line: FP Markets (5/5 stars, #6/63) tends to be cheaper for commission-based trading, while Spreadex (4/5 stars, #28/63) holds its own for straightforward spread pricing.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.2 | 0.81 |
| All-in Cost EUR/USD - Active | 0.7 | 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 and Spreadex both let you trade forex as CFDs or spot and each lists 10,000 tradeable symbols. FP Markets stands out with 71 currency pairs versus 52 at Spreadex. Neither broker offers direct share dealing on U.S. or international exchanges (non-CFD), and both provide crypto CFDs but not actual, delivered crypto. FP Markets also supports copy trading, while Spreadex does not.
For Range of Investments, ForexBrokers.com rates FP Markets 4.5/5 (ranked #19 of 63) and Spreadex 5/5 (ranked #14 of 63). If you want more forex pairs and access to copy trading, FP Markets has the edge. If you prioritize a top overall score for product range, Spreadex is the higher-rated choice.
| 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.
FP Markets and Spreadex both provide free demo (paper) accounts and offer their own proprietary platforms. FP Markets also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and has a Windows desktop download, while Spreadex does not offer a desktop download and does not support MT4 or MT5. Both brokers run web-based platforms and let you place trades directly from charts.
For tools, FP Markets supports copy trading; Spreadex does not. Indicator counts and watchlist column details were not specified. In testing by ForexBrokers.com, both earned 4 out of 5 stars for Trading Platforms and Tools, with FP Markets ranked 23rd of 63 brokers and Spreadex ranked 47th of 63. In short, FP Markets suits traders who want MT4/MT5 compatibility, a desktop app, and copy trading, while Spreadex fits those who prefer trading in the browser on a proprietary platform.
| 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 mobile trading apps, and each supports stock and forex price alerts. Neither app syncs watchlist symbols with the web platform. For charting, FP Markets uses MetaTrader by default for technical studies, while Spreadex doesn’t list its available studies. Both apps let you draw trendlines on charts, but only FP Markets auto-saves those drawings; Spreadex does not.
In independent testing, both apps earned 4 stars. However, FP Markets ranked #18 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Spreadex ranked #47. If saving chart annotations and having MetaTrader-based studies matters to you, FP Markets may be the better pick; if you mainly need alerts and basic charting, 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.
FP Markets and Spreadex both deliver the core research tools traders expect. Each broker provides daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones or similar), Autochartist for pattern spotting, a sentiment tool showing long vs. short positioning, and an economic calendar. Neither broker offers TipRanks or Acuity Trading tools. On balance, both earn a 4-star research rating.
The main difference is Trading Central: FP Markets includes Trading Central analysis, while Spreadex does not. That added stream of technical and fundamental insights helps FP Markets edge ahead for research depth. Reflecting this, ForexBrokers.com ranks FP Markets #25 out of 63 brokers for Research, versus Spreadex at #32. If you want Trading Central alongside daily commentary and trusted news, FP Markets has the advantage; if you don’t need Trading Central, Spreadex still covers the essentials well.
| 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.
FP Markets and Spreadex both offer forex and CFD education with at least 10 learning pieces, making them accessible starting points for new traders. A key difference is live training: FP Markets hosts client webinars at least once per month, while Spreadex does not. If you value interactive sessions and fresh content drops, FP Markets has the edge here.
For on-demand learning, both brokers provide at least 10 beginner-focused videos. FP Markets also adds depth with 10+ advanced videos, whereas Spreadex does not, which may limit your path as you progress. Each broker earns 4 out of 5 stars for Education, but FP Markets ranks higher overall (#23 of 63) than Spreadex (#45 of 63), signaling a more complete education track for beginners who want room to grow.
| 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 #39.
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 (SFC 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 | 1.2 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.7 | 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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