Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs FP Markets, 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.
StoneX Trading and FP Markets are both non-bank brokers, but StoneX Trading stands out on trust and regulation. Founded in 1983 and publicly traded, StoneX Trading holds 7 Tier-1 licenses and 1 Tier-2 license, giving it a ForexBrokers.com Trust Score of 99 out of 99, which falls in the highly trusted range. FP Markets, founded in 2005 and not publicly listed, holds 2 Tier-1 licenses and 1 Tier-2 license, with a Trust Score of 90 out of 99.
In simple terms, both brokers are considered well regulated, but StoneX Trading has the stronger regulatory profile and longer track record. If you want a broker with more top-tier oversight and the added transparency that comes with being listed on a stock exchange, StoneX Trading has the edge over FP Markets.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Year Founded | 1983 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
StoneX Trading and FP Markets both score 4.5 out of 5 stars for commissions and fees, but FP Markets comes out ahead in the rankings. ForexBrokers.com places FP Markets at #11 out of 36 brokers, while StoneX Trading ranks #16 out of 36. In simple terms, both brokers offer pricing that is in line with the market, but FP Markets is more appealing if keeping trading costs low is your top priority.
StoneX Trading’s pricing for CFDs, forex, and spread-betting products is generally average, with its best rates usually available on its own platforms or MetaTrader. Its EUR/USD spread averaged 0.74 pips as of July 2023, which is fair value but still not as cheap as some of the best low-cost forex brokers, including FP Markets. StoneX also offers active-trader rebates, with discounts that can improve as monthly trading volume rises, especially for professional traders in the U.K. and Australia.
FP Markets is the stronger choice for bargain hunters, especially through its Raw ECN account on MetaTrader or cTrader. Its EUR/USD spread averaged 0.1 pips in October 2023, or about 0.8 pips all-in after commission, which is better than StoneX Trading’s typical pricing. FP Markets also earned Best in Class for Commissions and Fees in the 2024 Annual Awards, although its standard account and some Iress platform options can cost more, particularly for traders who do not meet higher-balance or activity requirements.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 AUD |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
StoneX Trading and FP Markets both give traders access to forex as CFDs or spot contracts, plus copy trading and cryptocurrency CFDs. Neither broker offers exchange-traded shares on U.S. or international stock exchanges, and neither lets clients buy delivered cryptocurrency. For traders who want a broad mix of markets, StoneX Trading lists 13,500 tradeable symbols, compared with 10,000 at FP Markets.
When it comes to forex specifically, FP Markets has 71 tradeable pairs, slightly more than StoneX Trading’s 66. Even so, StoneX Trading is rated higher overall for range of investments, earning 5 stars and ranking #8 out of 36 brokers at ForexBrokers.com, while FP Markets holds a 4.5-star rating and ranks #17. In short, FP Markets has the edge on forex pairs, but StoneX Trading offers the wider overall selection.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 10000 |
| Forex Pairs (Total) | 66 | 71 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| 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.
StoneX Trading and FP Markets both give traders a strong mix of platform choices and trading tools. Each broker offers a free demo account, a web-based platform, a Windows desktop download, a proprietary platform, copy trading, MetaTrader 4, and the ability to trade directly from charts. For traders who want flexibility across devices and a range of ways to place trades, both brokers cover the main needs well.
The biggest difference is that FP Markets also offers MetaTrader 5, while StoneX Trading does not. That may matter for traders looking for the newer MetaTrader experience and added platform features. In ForexBrokers.com’s Trading Platforms and Tools category, StoneX Trading scores 4.5 out of 5 and ranks #11 out of 36 brokers, compared with FP Markets at 4 out of 5 and #22 out of 36. Overall, StoneX Trading comes out ahead in this category, though both brokers remain solid choices.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and FP Markets both make it easy to trade on the go, with iPhone and Android apps for each broker. Both apps also support stock or forex price alerts, trendline drawing, and auto-saving chart drawings, which helps traders keep track of their analysis across sessions. In this side-by-side comparison, StoneX Trading stands out for its stronger mobile charting tools, offering 88 technical studies in its app.
One key difference is watchlist syncing: StoneX Trading lets mobile watchlists stay in sync with the client’s online account, while FP Markets does not. That extra convenience may matter to traders who switch between devices often. StoneX Trading also earns a higher mobile trading apps rating, with 4.5 out of 5 stars and a #9 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets at 4 stars and #20 overall.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
StoneX Trading and FP Markets both give traders a strong set of market research tools. Each broker offers daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool showing long and short positioning, and an economic calendar for tracking global events. Both also include Trading Central research tools, which can help traders spot possible setups and market ideas.
The main difference is that FP Markets also includes Autochartist, while StoneX Trading does not. Even so, StoneX Trading scores higher overall for research, with a 4.5-star rating and a #10 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking. For traders focused on market research, both brokers are useful, but StoneX Trading has the edge in overall research quality.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, both StoneX Trading and FP Markets do well. Each broker offers forex and CFDs learning content with at least 10 relevant pieces, regular online client webinars, and at least 10 beginner trading videos, along with at least 10 advanced videos for more experienced traders. This means newcomers can find a good mix of basic lessons and more detailed market education at either platform.
That said, StoneX Trading has the edge overall for education. It is rated 4.5 out of 5 stars and ranks #9 out of 36 brokers for the Education category on ForexBrokers.com, while FP Markets is rated 4 out of 5 stars and ranks #22. For beginners who want a broker with stronger education support, StoneX Trading appears to be the better pick, though FP Markets still offers plenty of helpful learning tools.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than FP Markets. StoneX Trading finished with an overall rank of #8, while FP Markets finished with an overall rank of #19.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
|
FP Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 90 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both StoneX Trading and FP Markets allow traders to access cryptocurrency CFDs, but neither broker offers the ability to buy actual, delivered cryptocurrency.
When comparing StoneX Trading vs FP Markets for funding methods, StoneX Trading supports ACH/SEPA transfers, PayPal, and bank wires but not Skrill, while FP Markets offers PayPal, Skrill, and bank wires but does not support ACH/SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | StoneX Trading | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | FP Markets Review |
| Broker Screenshots | StoneX Trading | FP Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | StoneX Trading | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1983 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | StoneX Trading | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 10000 | |
| Forex Pairs (Total) | 66 | 71 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| 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 | StoneX Trading | FP Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.9 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | FP Markets | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | StoneX Trading | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | StoneX Trading | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | StoneX Trading | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | FP Markets Review |
| Overall | StoneX Trading | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | FP Markets Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill