Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Vantage, 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, established in 2005, and Vantage, founded in 2009, are both online brokers that cater to global traders by offering various financial services. Neither FP Markets nor Vantage are publicly traded or affiliated with banking institutions, ensuring they remain independent in their operations. Both brokers boast two Tier-1 licenses, putting them on equal footing when it comes to holding highly trusted regulatory credentials. Additionally, each holds a Tier-2 license, enhancing their reputation as reliable brokers in the trading industry.
When it comes to trust scores, as rated by ForexBrokers.com, Vantage slightly outpaces FP Markets with a score of 90 compared to 89. This places Vantage in the "highly trusted" category, while FP Markets remains comfortably within the "trusted" category. For traders prioritizing regulatory compliance and trustworthiness, both brokers offer similar strong credentials, though Vantage holds a minor edge by the rating system used by ForexBrokers.com.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
If low costs are your priority, FP Markets generally edges out Vantage on commissions and fees. FP Markets holds a 5-star rating and ranks #6 out of 63 brokers for Commissions and Fees (Best in Class, 2024), while Vantage is rated 4.5 stars and ranks #20 out of 63. Both offer spread-only and commission-based accounts, but FP Markets’ ECN pricing is usually sharper globally, whereas Vantage sits closer to the industry average unless you qualify for its PRO ECN.
On Standard (spread-only) accounts, FP Markets’ EUR/USD averages about 1.1 pips (Oct 2023) versus Vantage at about 1.30 pips (Mar 2023). On commission accounts, FP Markets’ Raw ECN averages 0.1 pips plus a $6 round-turn per standard lot—about 0.8 pips all-in—available on MetaTrader and cTrader. Vantage’s RAW ECN averages 0.15 pips plus $6 round-turn—about 0.75 pips all-in—while its PRO ECN drops commission to $4 round-turn but may require wholesale status in Australia or a $10,000 minimum under its Cayman entity.
Platform fees can matter too. FP Markets’ Iress ViewPoint offers Direct Market Access and full depth of book, but monthly platform/data fees apply unless you’re on Premier or generate at least AUD 150 in commissions; the lower-cost Iress Investor waives monthly fees but limits streaming data and charting. Vantage’s Active Trader program pays $2–$8 per lot in rebates based on balance and volume, though it only applies to the higher-spread Standard account. Bottom line: if you can access commission-based ECN pricing, FP Markets often delivers the lower all-in cost, while Vantage becomes more appealing if you qualify for its PRO ECN.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average spread (EUR/USD) - Standard account | 1.2 | 1.30 |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets delivers a wider selection of markets than Vantage. Both brokers let you trade forex as CFDs or spot, but FP Markets lists about 10,000 tradable symbols versus around 1,000 at Vantage. FP Markets also offers 71 currency pairs compared with 61 at Vantage. Neither broker provides direct access to exchange traded stocks on U.S. or international exchanges, so you cannot buy shares like Apple or Vodafone outright through these accounts.
Both support copy trading and offer cryptocurrency via CFDs, but neither allows buying actual, delivered crypto. For Range of Investments, ForexBrokers.com rates FP Markets 4.5 out of 5 (ranked 19th of 63) and Vantage 3.5 out of 5 (ranked 51st of 63), making FP Markets the better choice if you want more markets and currency pairs to choose from.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 61 |
| 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.
FP Markets and Vantage both check the key boxes for trading platforms and tools. Each broker offers a free virtual demo account for practice, a proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and access via Windows desktop downloads and web-based platforms. Copy trading is available at both, and you can place orders straight from charts, making it easier to act on technical analysis.
For quality, the two are closely matched: both earn 4 out of 5 stars for Trading Platforms and Tools. According to ForexBrokers.com, Vantage holds a slight edge with a #21 ranking out of 63 brokers, while FP Markets sits at #23. If you want wide platform choice with familiar MT4/MT5 tools, either broker fits the bill; choose Vantage for the marginally higher category ranking, or FP Markets if its proprietary platform or workflow suits your style.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Vantage both offer mobile trading apps for iPhone and Android. Each app supports price alerts, trendline drawing on charts, and auto-saving of your annotations. One drawback for both is that watchlists in the mobile app don’t sync with the web platform. In terms of quality, both are rated 4 out of 5 stars for Mobile Trading Apps; however, FP Markets ranks higher at #18 out of 63 brokers on ForexBrokers.com, while Vantage sits at #29.
For charting, FP Markets relies on MetaTrader’s default set of technical indicators, which many forex traders already know well. Vantage lists 30 built-in studies in its app. If overall standing matters to you, FP Markets has the edge in rankings; if you prefer a defined package of 30 indicators, Vantage may appeal. Either way, both apps cover the essentials like alerts and drawing tools for trading on the go.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and Vantage both excel in offering comprehensive market research tools to their users, making them great choices for traders seeking up-to-date financial insights. Each platform provides daily market commentary, ensuring that traders stay informed on the latest market movements and trends. Additionally, both brokers supply forex news from elite sources like Bloomberg, Reuters, and Dow Jones, keeping traders connected with critical information. Traders will also benefit from advanced analytical tools from Autochartist and Trading Central, available on both platforms, aiding in technical and fundamental analysis. Sentiment-based trading tools, which help traders gauge market sentiment across various instruments, are another shared feature between FP Markets and Vantage. Furthermore, both platforms offer detailed economic calendars outlining global news events, although they do not provide market research from TipRanks or tools from Acuity Trading.
Both FP Markets and Vantage are rated four out of five stars for research capabilities, reflecting the breadth and quality of their analytical and informational offerings. While both brokers rank similarly with ForexBrokers.com for research, Vantage slightly edges out FP Markets, coming in at 22nd place out of 63 brokers compared to FP Markets' 25th place ranking. Ultimately, traders looking for solid research support will find both brokers well-equipped, though Vantage holds a marginally higher standing in research rankings.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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.
FP Markets vs Vantage for beginner education: both brokers deliver solid forex and CFD learning hubs with at least 10 educational pieces, plus monthly client webinars to help you learn in real time. Each broker also provides at least 10 beginner-friendly trading videos, making it easy to grasp core concepts like orders, risk, and chart basics. Both earn 4 out of 5 stars for Education.
If you’re comparing on standings, FP Markets holds a slight edge in ForexBrokers.com’s Education rankings at #23 out of 63, while Vantage sits close behind at #24. As your skills grow, both brands also include at least 10 advanced videos, so you can keep progressing without switching platforms. In short, you’ll find strong beginner coverage at either broker, with FP Markets only narrowly ahead in the rankings.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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 FP Markets is better than Vantage. FP Markets finished with an overall rank of #19, while Vantage finished with an overall rank of #26.
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
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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 90 |
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FP Markets vs Vantage: neither broker lets you buy actual delivered cryptocurrency, but both offer cryptocurrency CFD trading for speculating on crypto prices without owning the underlying assets.
FP Markets vs Vantage: neither online broker supports ACH or SEPA transfers, but both allow deposits and withdrawals via PayPal, Skrill, and bank wire transfers; Visa/Mastercard availability is not specified.
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 | Vantage | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Vantage Review |
| Broker Screenshots | FP Markets | Vantage | |
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| Regulation | FP Markets | Vantage | |
|---|---|---|---|
| Trust Score | 89 | 90 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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 | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 61 | |
| 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 | FP Markets | Vantage | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Vantage | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Vantage | |
|---|---|---|---|
| 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) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Vantage | |
|---|---|---|---|
| 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) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Vantage | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Vantage | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | FP Markets | Vantage | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Vantage Review |
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