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FP Markets vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FP Markets vs TopFX, 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
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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, is an online broker that holds two Tier-1 licenses and one Tier-2 license, indicating a strong level of regulatory compliance. Although it is not publicly traded or a bank, FP Markets has achieved a Trust Score of 89 out of 99, placing it in the "trusted" category according to ForexBrokers.com. This high level of trustworthiness is further supported by its multiple high-quality licenses, offering clients peace of mind when trading.

TopFX, founded in 2010, is another online broker in the market, holding one Tier-1 license. Like FP Markets, it is neither publicly traded nor a bank. However, TopFX's Trust Score of 67 suggests a higher risk level relative to many competitors. Primarily due to its single Tier-1 regulatory license, its Trust Score places it in the "high risk" category, which might warrant consideration for traders seeking a brokerage with less regulatory assurance.

Feature FP Markets logoFP Markets
TopFX logoTopFX
Year Founded info 2005 2010
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 1

Fees

When comparing FP Markets and TopFX, both brokers offer competitive pricing structures, particularly for their commission-based accounts. FP Markets delivers highly competitive pricing with its Raw ECN account, featuring spreads averaging 0.1 pips and a commission-based cost reaching 0.8 pips all-in. FP Markets triumphed as "Best in Class" for Commissions and Fees in the 2024 Annual Awards and is rated 5 stars, ranking sixth out of 63 brokers according to ForexBrokers.com. However, the Iress ViewPoint account can be more expensive, catering to active traders with substantial account balances.

TopFX provides two main account types: the commission-based RAW account and the spread-only ZERO account, both offered on MetaTrader and cTrader platforms. The RAW account includes a commission of 2.75 EUR per side, tallying 5.50 EUR per round-turn, with average spreads of 0.33 pips. This results in an all-in cost of approximately 0.88 pips, competitive within the industry standard. In contrast, the ZERO account eliminates commissions but has higher spreads, averaging 1.03 pips for EUR/USD during July 2024. With a 4-star rating, TopFX ranks 40th in the Commissions and Fees category among 63 brokers reviewed by ForexBrokers.com.

FP Markets stands out with its favorable cost structure, particularly for those selecting the Raw ECN account, while TopFX offers a balanced approach with options catering to different trading styles. Both brokers allow traders to choose between spread-only and commission-based structures, optimizing their trading strategies according to their financial goals. Despite TopFX's reasonable offering, FP Markets' stellar ranking and awards underscore its edge in offering competitive fees and commissions.

Feature FP Markets logoFP Markets
TopFX logoTopFX
Minimum Deposit info $100 AUD Depends on payment method
Average Spread EUR/USD - Standard info 1.2 info 1.03 info
All-in Cost EUR/USD - Active info 0.7 info 0.88 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
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

When it comes to the range of investments, FP Markets holds a significant advantage over TopFX. FP Markets provides access to an extensive selection of over 10,000 tradeable symbols, offering 71 forex pairs, giving investors diverse opportunities to explore. In comparison, TopFX delivers a smaller yet comprehensive package with 655 tradeable symbols and 60 forex pairs. Both brokers offer forex trading as both CFDs and spot contracts, and they provide the ability to trade cryptocurrency derivatives, although not the actual cryptocurrencies. Additionally, both FP Markets and TopFX offer copy trading, which can be beneficial for traders looking to replicate successful strategies.

Neither FP Markets nor TopFX facilitates trading of exchange-traded securities on U.S. or international exchanges, which might be a key consideration for those interested in buying shares directly. Despite these similarities, FP Markets stands out in independent rankings and is rated 4.5 out of 5 stars for its range of investments, securing the 18th spot out of 63 brokers according to ForexBrokers.com. Meanwhile, TopFX receives a 3.5-star rating and is positioned at 46th in the same category, indicating FP Markets’ broader appeal to those seeking a more extensive range of trading options.

Feature FP Markets logoFP Markets
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 655
Forex Pairs (Total) info 71 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
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 TopFX, both brokers offer various trading platforms and tools tailored to meet traders' needs. FP Markets stands out by providing a proprietary platform, allowing them to offer a unique trading experience customized in-house. On the other hand, TopFX does not have a proprietary platform. Both brokers support MetaTrader 4, but FP Markets also offers MetaTrader 5, adding flexibility for its users, which TopFX lacks in this aspect. Both brokers offer web-based platforms and Windows-based desktop trading options, alongside the provision of free virtual demo accounts for simulated trading.

Both FP Markets and TopFX allow copy trading and enable direct trading from stock charts, showing their attention to diverse trading styles. In terms of charting tools, FP Markets provides 17 drawing tools compared to TopFX's 15. Watch lists are equally feature-rich between the two, with each offering seven columns for fields. Despite being similarly rated with 4 stars for platforms and tools, FP Markets notably ranks higher with ForexBrokers.com, taking the 23rd spot out of 63 brokers, while TopFX is positioned at 45th. This comparison highlights FP Markets’ slight edge in diversifying platform options and charting tools, although both brokers remain competitive in the trading platform arena.

Feature FP Markets logoFP Markets
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

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

Forex trading apps

When comparing the mobile trading apps offered by FP Markets and TopFX, both brokers provide applications for iPhone and Android devices. They also facilitate vital features like stock and forex price alerts, trendline drawing, multiple time frame viewing, and real-time watchlist creation. However, neither offers watchlist symbol syncing, which means changes made on a mobile device don't automatically update online accounts and vice versa. In the area of technical studies, FP Markets relies on the default offerings of MetaTrader, while TopFX supports 30 different technical studies in its app.

Both brokers' apps can automatically save drawings on stock or forex charts, adding to user convenience. In terms of ratings, FP Markets and TopFX both have a solid 4-star rating for their mobile trading apps. However, FP Markets takes a lead in the rankings by ForexBrokers.com, positioned at #18 out of 63 brokers, compared to TopFX's #51 spot. This suggests FP Markets may offer a slightly better overall user experience for mobile traders.

Feature FP Markets logoFP Markets
TopFX logoTopFX
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) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of FP Markets and TopFX, investors will find several key differences. FP Markets provides daily market commentary, which TopFX does not. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, ensuring traders stay informed with the latest developments. Each broker also offers technical analysis tools from Autochartist and Trading Central, along with sentiment-based trading tools that display ratios of long and short positions for various instruments, helping traders refine their strategies.

FP Markets and TopFX both offer an economic calendar to keep traders abreast of global news events, but neither provides research tools from Acuity Trading or market research from TipRanks. Despite many similarities, FP Markets excels in its overall research offerings, receiving a 4-star rating compared to TopFX's 3 stars. Furthermore, FP Markets stands higher in research rankings, holding the 25th position out of 63 brokers as evaluated by ForexBrokers.com, while TopFX is positioned at 60th place.

Feature FP Markets logoFP Markets
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes Yes
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

When it comes to educational resources for beginners, FP Markets clearly stands out as a more accommodating choice compared to TopFX. FP Markets provides over 10 educational pieces focused on forex and CFDs, and regularly hosts online webinars, ensuring clients have ample learning opportunities with updated content. Additionally, FP Markets features a searchable archive of past webinars, allowing beginners to revisit past sessions at their convenience. In terms of video content, FP Markets impressively offers over 10 beginner-specific educational videos along with advanced topics for more experienced traders. To assist newcomers in navigating trading jargon, FP Markets also provides a comprehensive investor dictionary with over 50 defined terms. In contrast, TopFX does not meet these educational benchmarks, limiting its range of resources for those just starting out.

FP Markets boasts a solid education rating, receiving 4 out of 5 stars, which is significantly higher than TopFX's rating of 3 stars. Furthermore, when ranked among 63 brokers by ForexBrokers.com for education, FP Markets secures the #23 spot, indicating a stronger emphasis on educational offerings. TopFX, however, languishes near the bottom at #61. With its extensive range of beginner-friendly resources and high client ratings, FP Markets emerges as the preferred broker for beginners seeking substantial learning tools to guide them on their trading journey.

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

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 TopFX. FP Markets finished with an overall rank of #19, while TopFX finished with an overall rank of #62.

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 logoFP Markets
TopFX logoTopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 89 67
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or TopFX?

Both FP Markets and TopFX allow users to invest in cryptocurrency derivatives but do not offer options for purchasing actual (delivered) cryptocurrencies.

What funding options does each broker offer?

Both FP Markets and TopFX offer PayPal, Skrill, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but neither supports ACH or SEPA transfers.




announcementPlease 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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Compare

0 of 5
Overall Rating FP Markets TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 67
Winner check_circle
Review FP Markets Review TopFX Review
Broker Screenshots FP Markets TopFX
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 TopFX
Trust Score info 89 67
Year Founded info 2005 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) FP Markets TopFX
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 No
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 Yes info
Tier-2 Licenses (Trusted) FP Markets TopFX
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 TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 655
Forex Pairs (Total) info 71 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
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 TopFX
Average Spread EUR/USD - Standard info 1.2 info 1.03 info
All-in Cost EUR/USD - Active info 0.7 info 0.88 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 TopFX
Minimum Deposit info $100 AUD Depends on payment method
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
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 TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets TopFX
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) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research FP Markets TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FP Markets TopFX
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 TopFX Review
Overall FP Markets TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 89 67
Winner check_circle
Review FP Markets Review TopFX Review
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