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 vs Spreadex: regulation and trust at a glance. ForexBrokers.com classifies Trust Scores as 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. FP Markets earns 90/99 (highly trusted) and holds 2 Tier-1 licenses plus 1 Tier-2 license. Spreadex scores 70/99 (average risk), with 1 Tier-1 license and 0 Tier-2 licenses.
Founded in 2005, FP Markets is not publicly traded and is not a bank; Spreadex, founded in 1999, is also neither publicly traded nor a bank. If regulatory strength is your priority, FP Markets shows broader top-tier oversight, while Spreadex carries fewer licenses and a lower Trust Score.
| 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 comes out ahead of Spreadex on commissions and fees, especially for traders using its commission-based ECN setup. FP Markets’ Raw ECN account is priced very competitively, with low spreads and a flat $6 round-turn commission per standard lot on cTrader. Its Standard account costs more because spreads are wider, and some of its Australia-based Iress account choices can add platform and data fees unless you meet higher deposit or trading requirements. FP Markets is rated 4.5 out of 5 stars and ranks #11 out of 36 for commissions and fees.
Spreadex is also reasonably priced, but it is generally not as cheap as FP Markets for active forex traders. In January 2024, its average EUR/USD spread was 0.81 pips, with a minimum spread of 0.6 pips available 60% of the time during the month. That makes it a straightforward, spread-based option, though it does not match FP Markets’ lower-cost ECN pricing for cost-conscious traders. Spreadex is rated 4 out of 5 stars and ranks #27 out of 36 for commissions and fees.
In short, FP Markets is the better pick if keeping trading costs as low as possible is your main goal, while Spreadex is a decent choice if you want simple pricing with competitive spreads. For commissions and fees, FP Markets has the edge in both star rating and ranking.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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 give traders access to forex as CFDs or spot contracts, plus a large selection of 10,000 tradeable symbols. Each broker also offers cryptocurrency CFDs, but neither lets you buy actual crypto or exchange-traded shares on U.S. or international stock exchanges. In this area, the two platforms are quite similar for everyday traders looking for broad market access through derivatives rather than direct ownership.
The main difference is in forex pairs and extra features. FP Markets lists 71 tradeable forex pairs, compared with 52 at Spreadex, and FP Markets also supports copy trading, which Spreadex does not. Even so, Spreadex has the edge in independent ratings for range of investments, earning 5 stars and ranking #13 out of 36 brokers, while FP Markets scores 4.5 stars and ranks #17. If you want more forex pairs and copy trading, FP Markets stands out; if you prefer the higher category rating, Spreadex has the slight lead.
| 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 give traders a free demo account, a proprietary platform, and web-based trading access, so each offers a simple way to test strategies and trade from a browser. Both also let users place trades directly from a chart, which can make order entry quicker for active traders. In this category, both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, showing a solid overall experience for most users.
FP Markets has the edge for platform choice and trading features. It supports Windows desktop downloads, MetaTrader 4, MetaTrader 5, and copy trading, while Spreadex does not offer these options. That wider toolkit helped FP Markets earn a higher ForexBrokers.com ranking in this category, placing #22 out of 36 brokers compared with Spreadex at #37 out of 36.
| 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 mobile trading apps for iPhone and Android, and each includes stock or forex price alerts plus the ability to draw trendlines on charts. Neither broker syncs watchlists between the mobile app and the online account, so changes made on one platform do not carry over to the other. FP Markets has an edge in charting convenience because its mobile app auto-saves drawings, while Spreadex does not. FP Markets also uses MetaTrader’s charting tools by default, which gives users access to familiar technical analysis features on mobile.
In overall mobile trading app ratings, both brokers earn 4 out of 5 stars, but FP Markets is ranked higher by ForexBrokers.com at #20 out of 36 brokers, compared with Spreadex at #36. That makes FP Markets the stronger choice for traders who want a slightly more polished mobile experience, while Spreadex still covers the core basics well for users who mainly want simple mobile trading access.
| 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 give traders a solid range of market research tools. Each broker offers daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. They also both include Autochartist and a sentiment tool that shows long and short positioning, which can help traders spot possible market moves.
The main difference is that FP Markets adds Trading Central, including tools like Technical Analytics, while Spreadex does not. Neither broker offers TipRanks or Acuity Trading. Even with that difference, both FP Markets and Spreadex earn 4 out of 5 stars for research, though FP Markets ranks higher overall at #22 out of 36 brokers compared with Spreadex at #29.
| 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 who want to learn before placing trades, FP Markets has a clearer edge over Spreadex. FP Markets offers forex and CFDs education with at least 10 learning pieces, runs online educational webinars every month, and provides 10 or more beginner videos as well as 10 or more advanced videos for more experienced traders. Spreadex also offers at least 10 beginner videos, but it does not provide monthly educational webinars and does not appear to match FP Markets on advanced video content or overall forex/CFD learning depth.
Both brokers are rated 4 out of 5 stars for Education, but their practical value for new traders is not the same. In ForexBrokers.com’s education rankings, FP Markets places #21 out of 36 brokers, while Spreadex comes in at #36 out of 36. That suggests FP Markets is the stronger choice for learners who want more frequent and more varied study material, while Spreadex offers some useful beginner content but less support overall.
| 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 #33.
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 10,000 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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| Trust Score | 90 | 70 |
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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 | 90 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
| Broker Screenshots | FP Markets | Spreadex | |
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| Regulation | FP Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 90 | 70 | |
| 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 CMA 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) - Spread-only account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 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 | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FP Markets Review | Spreadex Review |
| Overall | FP Markets | Spreadex | |
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| Trust Score | 90 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
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