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 | 1 | 3 |
FP Markets is recognized for its cost-effective pricing, offering some of the best commission-based ECN account options through MetaTrader and cTrader platforms. With a star rating of 5 for commissions and fees, FP Markets is ranked 6th out of 63 brokers by ForexBrokers.com. The Raw ECN account features competitive spreads, averaging 0.1 pips, with a $6 per round-turn standard lot commission on forex trading. However, the Standard account comes with higher spreads, averaging 1.1 pips for EUR/USD as of October 2023. Additionally, for Australian traders, the Iress ViewPoint account offers a more premium service geared towards high-balance accounts.
In comparison, Vantage offers a variety of accounts, with its pricing aligning mostly with the industry average. Garnering a rating of 4.5 stars for commissions and fees and ranked 19th out of 63 brokers by ForexBrokers.com, Vantage presents three main account types: the spread-only Standard STP, and the commission-based RAW ECN and PRO ECN accounts. Typical spreads for the Standard account are 1.30 pips on EUR/USD, while the Raw account features spreads of 0.15 pips with an additional $6 per round-turn commission. The PRO account offers the most competitive pricing, with just a $4 per round turn commission, although it requires meeting specific account qualification standards.
While both brokers offer viable options depending on a trader's needs, FP Markets stands out with its more competitive ECN pricing and award-winning fee structure. In contrast, Vantage offers a robust active trader program and account versatility, with its PRO ECN account providing good value for those who can meet the necessary requirements. Ultimately, the choice between FP Markets and Vantage may depend on individual trading needs, account balance, and trading volume.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.30 |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available through FP Markets and Vantage, both platforms provide the option for forex trading as a CFD or spot contract. However, FP Markets stands out with a significantly higher offering of tradeable symbols, at 10,000 compared to Vantage's 1,000. This extends to forex pairs as well, with FP Markets offering 71 pairs, surpassing Vantage's 61. Both brokers, however, do not provide access to buy or sell exchange-traded securities on U.S. or international exchanges, nor the option to purchase actual cryptocurrencies, instead providing cryptocurrency derivatives.
Both FP Markets and Vantage support copy trading, catering to those interested in mimicking the trades of experienced investors. Despite these similarities, FP Markets earns a higher user rating of 4.5 stars for its range of investments, posturing itself as a more comprehensive option compared to Vantage's 3.5 stars. This rating differential is reflected in their market rankings by ForexBrokers.com, where FP Markets is positioned at #18, while Vantage trails at #50, indicating a broader variety and appeal in FP Markets' investment offerings.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| Forex Pairs (Total) | 71 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When it comes to trading platforms and tools, both FP Markets and Vantage offer a range of features that cater to different types of traders. Both brokers provide a simulated trading experience with free virtual demo accounts, which is ideal for beginners wanting to practice without financial risk. Each offers a proprietary platform, allowing users to experience a unique interface developed in-house. In addition, both brokers support widely-used platforms like MetaTrader 4 and MetaTrader 5, offering flexibility for experienced traders. Windows-based desktop applications and browser-based platforms are also available from both FP Markets and Vantage, ensuring accessibility across devices. Copy trading is supported by each broker, with Vantage going a step further by offering DupliTrade, a tool that FP Markets lacks.
Charting and customization features are well catered for at both FP Markets and Vantage. While FP Markets provides 17 drawing tools, slightly edging out Vantage's 15, both platforms allow trading directly from stock charts, enhancing the user experience. Watch lists are equally informative at both brokers, each offering seven fields for monitoring preferred assets. Rated four stars each for their trading platforms and tools, FP Markets holds the 23rd position out of 63 brokers in the ForexBrokers.com rankings, just behind Vantage, which ranks 21st. These brokers provide strong offerings but with slight differences that might tip the balance for traders depending on specific needs like DupliTrade access or drawing tools.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and Vantage offer mobile trading apps that cater to iPhone and Android users, ensuring accessibility no matter your device preference. Each platform provides essential features like stock or forex price alerts and allows for trendline drawing on charts. However, a notable difference lies in the number of technical studies available; FP Markets taps into the capabilities of MetaTrader by default, while Vantage delivers a solid 30 technical studies for its mobile charting. Despite this, both apps allow users to view multiple time frames on charts and auto-save drawings, enhancing the user experience for traders on-the-go.
When it comes to syncing capability, neither FP Markets nor Vantage enables watchlist symbol synchronization between the mobile app and the client’s online account, which might be a drawback for those who frequently switch devices. Both platforms do support the creation of watchlists with real-time quotes, a fundamental feature for active traders. In terms of mobile trading app ratings, both brokers score equally with 4 out of 5 stars. However, FP Markets edges ahead in overall ranking by ForexBrokers.com, taking the 18th spot, while Vantage is ranked at 28th out of 63 brokers, which could influence the choice of broker for those emphasizing mobile trading performance.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FP Markets and Vantage for market research offerings, both platforms deliver comprehensive resources for traders. Each broker provides daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. Traders can benefit from tools like Autochartist and Trading Central, which are available on both platforms, offering valuable technical and fundamental insights. Additionally, each broker includes a sentiment-based trading tool that helps users gauge market sentiment across various currency pairs, making it easier to understand potential market movements. Furthermore, both FP Markets and Vantage offer an economic calendar that keeps traders informed about significant global events that may impact trading decisions. However, neither broker features market research tools from TipRanks or Acuity Trading.
Despite their similarities in research offerings, Vantage holds a slightly better position in the research category compared to FP Markets. Rated four out of five stars for research by ForexBrokers.com, both brokers demonstrate a strong commitment to equipping their users with useful insights. However, Vantage edges out in rankings, securing the 21st spot out of 63 brokers, while FP Markets comes in at 25th. This minor difference might influence traders who prioritize research tools when deciding between these two online brokers.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking educational resources in forex and CFDs trading, both FP Markets and Vantage offer an impressive array. Each broker provides over ten educational pieces, including detailed articles, engaging videos, and archived webinars that focus on core trading concepts. Whether you're just starting or looking to deepen your knowledge, FP Markets and Vantage also offer monthly live webinars, providing a live learning platform that allows you to sharpen your skills with expert guidance. Plus, with searchable archives of recorded webinars, learners can explore past sessions at their convenience. Both brokers cater to beginners with over ten beginner-focused videos and also provide advanced content for experienced traders looking to refine their strategies.
Moreover, FP Markets and Vantage each offer a comprehensive investor dictionary with definitions of over 50 investing terms, handy for anyone new to the trading world. In terms of educational offerings, both brokers have earned a four-star rating, indicating a strong commitment to helping traders enhance their skills. According to ForexBrokers.com, FP Markets holds the #23 spot among 63 brokers evaluated, while Vantage closely follows at #24. With both brokers offering rich educational content and a structured approach to learning, traders can feel confident in accessing high-quality resources to bolster their trading journey.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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
|
Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 90 |
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Both FP Markets and Vantage do not offer the option to buy actual delivered cryptocurrency, but they do provide the opportunity to trade cryptocurrency derivatives.
When comparing online brokers FP Markets and Vantage, both platforms do not support ACH or SEPA transfers for funding and withdrawal, but they offer similar versatile payment options including PayPal, Skrill, Visa, Mastercard, and bank wire 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.
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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 |
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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 | 1 | 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| Forex Pairs (Total) | 71 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Vantage | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Vantage | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Vantage | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Vantage | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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