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FP Markets vs Spreadex 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

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.

Regulation

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 logoFP Markets
Spreadex logoSpreadex
Year Founded info 2005 1999
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing FP Markets and Spreadex, FP Markets stands out for its competitive pricing, particularly in its commission-based ECN accounts. With its pricing system through MetaTrader and cTrader platforms, FP Markets is considered one of the most cost-effective brokers globally. The broker has earned Best in Class recognition for Commissions and Fees in the 2024 Annual Awards, highlighting its exceptional value. Specifically, FP Markets' Raw ECN account features competitive spreads, averaging 0.1 pips, which translates to 0.8 pips all-in after including a commission fee of $6 per round-turn standard lot. On the flip side, the standard account option is more expensive, with spreads averaging 1.1 pips for EUR/USD in October 2023.

Spreadex, on the other hand, provides an average spread of 0.81 pips for EUR/USD as of January 2024, with a minimum spread of 0.6 pips available 60% of the time during the month. While Spreadex offers competitive spreads, FP Markets tends to provide lower operational costs, particularly for traders opting for FP Markets' commission-based accounts. This significant difference in cost-effectiveness makes FP Markets a popular choice among traders looking to minimize fees. Despite Spreadexโ€™s respectable pricing, FP Markets retains a superior price structure.

In terms of ratings, FP Markets achieved a perfect score of 5 out of 5 stars for commissions and fees, ranking #6 out of 63 brokers according to ForexBrokers.com. Spreadex, while commendable, received a 4 out of 5-star rating and ranks #27 in the same category. This comparison highlights FP Markets' commitment to offering cost-efficient trading conditions that cater to a broader spectrum of traders, making it a strong contender against Spreadex in the commissions and fees landscape.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Minimum Deposit info $100 AUD $0
Average Spread EUR/USD - Standard info 1.2 info 0.81 info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FP Markets and Spreadex both offer forex trading as CFDs or spot contracts, ensuring access to a wide variety of trading options. Each platform provides 10,000 tradeable symbols, presenting ample choices for traders. While FP Markets delivers 71 tradeable forex pairs, which is more than the 52 offered by Spreadex, both brokers fall short when it comes to allowing clients to trade exchange-traded securities, such as Apple shares on U.S. exchanges or Vodafone shares on international exchanges. Furthermore, neither FP Markets nor Spreadex facilitates the buying of actual cryptocurrency, although they both offer cryptocurrency derivatives.

For traders interested in copy trading, FP Markets stands out as the preferable option as it offers this feature, while Spreadex does not. Despite these differences in features, Spreadex is acclaimed with a 5-star rating for the range of investments, slightly surpassing FP Markets' commendable 4.5-star rating. Within the ranking of 63 brokers by ForexBrokers.com, Spreadex is positioned at #13 for its investment range, whereas FP Markets holds the #18 spot, reflecting different strengths in their investment portfolios.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 10000
Forex Pairs (Total) info 71 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing FP Markets and Spreadex for their trading platforms and tools, both brokers offer free virtual demo accounts for simulated trading and have their own proprietary platforms. FP Markets stands out by offering MetaTrader 4 and MetaTrader 5, in addition to a Windows-based desktop platform for users who prefer installation on their computer, whereas Spreadex does not offer these. Both brokers provide web-based trading platforms accessible through a browser, ensuring convenience for traders on the go. When it comes to copy trading, FP Markets provides this feature, adding flexibility for those who wish to replicate the strategies of successful traders, while Spreadex lacks this option.

FP Markets presents a diverse set of 17 drawing tools for charting, marginally surpassing Spreadex's 11 tools. Both platforms allow trading directly from stock charts, which is a useful feature for quick decision-making. In terms of watch list customization, Spreadex offers a slightly broader range with 8 columns available, compared to FP Markets' 7. Despite these differences, both brokers achieve a solid 4-star rating for their trading platforms and tools. However, FP Markets ranks higher at #23 in the Trading Platforms and Tools category at ForexBrokers.com, compared to Spreadex's #46 position, making FP Markets a slightly more preferable choice for traders focusing on platform capabilities.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 58
Charting - Drawing Tools (Total) info 17 11
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 8
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both FP Markets and Spreadex cater to iPhone and Android users, offering features such as price alerts and the ability to create watchlists with real-time quotes. FP Markets stands out with its MetaTrader charting capabilities and auto-saving feature for chart drawings, which isn't available with Spreadex. However, neither platform provides watchlist syncing between mobile apps and online accounts, which might be a consideration for traders who rely heavily on this feature. Notably, both platforms allow users to draw trendlines and view different time frames on charts, providing a versatile experience for chart analysis.

Despite both receiving a 4-star rating for their mobile trading apps, FP Markets edges out with a higher ranking at #18, compared to Spreadex's #46, among 63 brokers per ForexBrokers.com. Such a difference may influence traders looking for a comprehensive mobile trading experience. Overall, while both apps deliver on the essential trading functionalities, FP Markets offers a few additional benefits that might appeal to traders seeking more advanced charting tools and integrations.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to daily market commentary, both FP Markets and Spreadex cater to traders by providing valuable insights. They also ensure their users are kept informed with forex news from leading sources such as Bloomberg, Reuters, and Dow Jones. For traders who rely on technical analysis tools, both platforms offer resources from Autochartist. However, FP Markets takes a step further by incorporating additional tools from Trading Central, which Spreadex lacks. Furthermore, both brokers provide sentiment-based trading tools, offering traders the advantage of gauging market trends with insights into long and short positions across various instruments.

In terms of extended research offerings, neither FP Markets nor Spreadex includes services from TipRanks or Acuity Trading. Nevertheless, both platforms present comprehensive economic calendars to keep traders updated on global economic events. Despite these similarities, FP Markets is slightly ahead in the research rankings as per ForexBrokers.com, sitting at 25th out of 63 brokers, while Spreadex is ranked at 31st. Each broker has been awarded a respectable four-star rating for research, underlining their commitment to providing rich market insights and resources for traders of all experience levels.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

FP Markets and Spreadex both offer a decent range of educational materials for beginners interested in forex and CFDs. Each platform provides a wealth of over ten pieces, including articles, videos, and webinars. However, FP Markets extends its educational offerings with monthly live webinars and a library of recorded sessions that beginners can search through at their convenience. While both platforms cater to newcomers with beginner trading videos, FP Markets goes a step further by also offering advanced educational videos for seasoned traders.

In addition to video content, both brokers include an investor dictionary with over 50 investing terms, aiding beginners in understanding key trading concepts. Despite offering fairly similar educational resources, differences arise in rankings and content. FP Markets is rated slightly higher and is ranked 23rd by ForexBrokers.com when it comes to education, while Spreadex sits at 45th. Both platforms receive a four-star rating for education, showing they are valuable resources for traders but with FP Markets offering a few additional features for continued learning.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 โ€“ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

Feature FP Markets logoFP Markets
Spreadex logoSpreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 89 71
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or Spreadex?

Both FP Markets and Spreadex do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide options for buying cryptocurrency derivatives.

What funding options does each broker offer?

FP Markets and Spreadex both support Visa, Mastercard, and bank wires for depositing or withdrawing funds, but FP Markets additionally offers PayPal and Skrill, unlike Spreadex, which does not support these options; however, neither broker provides ACH or SEPA transfer options.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating FP Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 71
Winner check_circle
Review FP Markets Review Spreadex Review
Broker Screenshots FP Markets Spreadex
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FP Markets Spreadex
Trust Score info 89 71
Year Founded info 2005 1999
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) FP Markets Spreadex
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FP Markets Spreadex
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FP Markets Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 10000
Forex Pairs (Total) info 71 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 1.2 info 0.81 info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding FP Markets Spreadex
Minimum Deposit info $100 AUD $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms FP Markets Spreadex
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets Spreadex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 8
Charting - Indicators / Studies (Total) info 30 58
Charting - Drawing Tools (Total) info 17 11
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets Spreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research FP Markets Spreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets Spreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FP Markets Spreadex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FP Markets Review Spreadex Review
Overall FP Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 71
Winner check_circle
Review FP Markets Review Spreadex Review
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