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 is the stronger choice on commissions and fees, especially for traders who want low-cost forex pricing. Its Raw ECN account is the best value option, with very tight spreads and a commission that works out to about 0.8 pips all-in on EUR/USD, while the Standard account is more expensive because of wider spreads. FP Markets also offers commission-based trading on cTrader at a flat $6 per round turn on a standard lot, and its share CFD pricing on Iress can be competitive for active traders. FP Markets is rated 4.5 stars and ranked #11 out of 36 brokers for commissions and fees.
Spreadex is decent on pricing, but it is not as low-cost as FP Markets overall. 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 reasonable option for forex traders, but the overall value is less compelling than FP Markets, especially for frequent or cost-focused traders. Spreadex is rated 4 stars and ranked #25 out of 36 brokers for commissions and fees.
In simple terms, FP Markets offers the better mix of low spreads and lower trading costs, while Spreadex provides acceptable pricing but trails behind in the overall rankings. If commissions and fees are a top priority, FP Markets is the more competitive broker.
| 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 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 web-based platform, a proprietary platform, and the option to trade directly from charts. However, FP Markets has a wider set of platform choices overall, since it also offers a Windows desktop download, copy trading, and access to both MetaTrader 4 and MetaTrader 5. Spreadex does not offer a desktop platform, copy trading, MT4, or MT5, so its platform lineup is simpler.
In ForexBrokers.com’s Trading Platforms and Tools category, both brokers earn 4 out of 5 stars, but FP Markets ranks higher at #22 out of 36 brokers, while Spreadex sits at #34. For traders who want more platform options and extra tools, FP Markets may be the better fit, while Spreadex may appeal to those who prefer a more straightforward setup.
| 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, along with price alerts and the ability to draw trendlines on charts. Neither broker provides watchlist symbol syncing, so any watchlist changes made in the app will not carry over to the online account. Both are rated 4 out of 5 stars for mobile trading apps, but FP Markets holds a stronger overall ranking from ForexBrokers.com, placing 20th out of 36 brokers compared with Spreadex at 33rd.
For charting, FP Markets has the edge because its mobile app includes MetaTrader’s built-in technical studies and can auto-save drawings on charts, while Spreadex does not auto-save chart drawings and does not list technical studies in the same way. In simple terms, both apps cover the basics well, but FP Markets offers a better charting experience and a slightly more polished mobile trading setup overall.
| 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 top names such as Bloomberg, Reuters, or Dow Jones, Autochartist tools, a sentiment indicator showing long and short positioning, and an economic calendar with upcoming global events. Neither broker offers TipRanks or Acuity Trading tools, so their research lineups are similar in several key areas.
The main difference is that FP Markets also includes Trading Central research tools, while Spreadex does not. Both brokers are rated 4 out of 5 stars for Research, but FP Markets is ranked higher by ForexBrokers.com, placing 22nd out of 36 brokers compared with Spreadex at 27th. Overall, FP Markets has a slight edge for research, though both are useful choices for traders who want news, analysis, and market updates in one place.
| 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 looking for trading education, FP Markets has the edge over Spreadex. FP Markets offers forex and CFD learning content, runs online educational webinars at least once a month, and provides at least 10 beginner videos plus 10 advanced videos. Spreadex also offers at least 10 beginner videos, but it does not provide monthly educational webinars and does not meet the same level of advanced video coverage, which may matter more as new traders build confidence and move beyond the basics.
Both brokers receive 4 out of 5 stars for Education, but the overall ranking shows a clearer difference: FP Markets is placed #22 out of 36 brokers by ForexBrokers.com, while Spreadex is ranked #33. In simple terms, both can help beginners get started, but FP Markets gives learners more depth and ongoing support through a wider range of forex and CFD education.
| 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 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
|
|---|---|---|
| Overall Rating |
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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) - 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 | 90 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
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