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 |
When comparing the commissions and fees of FP Markets and Vantage, FP Markets stands out with its impressive cost-effectiveness, particularly for its ECN account offerings. Rated 5 stars for commissions and fees, FP Markets shines as one of the most cost-competitive brokers globally, earning the #6 spot out of 62 brokers in this category. Their Raw ECN account features competitive spreads, averaging 0.1 pips, or 0.8 pips once commissions are added. Meanwhile, their Iress and cTrader platforms cater to different trading styles, with the former offering Direct Market Access (DMA) for share CFDs, though generally more suited to high-balance and active traders.
In contrast, Vantage offers a solid range of accounts with pricing mostly aligning with the industry average. Vantage, rated 4.5 stars, ranks #19 among 62 brokers for commissions and fees. Their spread-only Standard STP account and commission-based RAW and PRO ECN accounts serve varied trading strategies. For instance, the RAW ECN account presents average spreads of 0.15 pips with a $6 commission per round turn, totaling around 0.75 pips. The PRO ECN account is the most economical, with a $4 commission per round turn, but requires meeting specific criteria based on the regulating entity involved.
Both FP Markets and Vantage offer specialized accounts that appeal to active traders, though FP Markets tends to offer lower pricing, particularly in ECN accounts. Vantage does have an active trader program with rebates on the Standard account, but its higher spreads may deter some traders. Ultimately, while FP Markets may be the more compelling choice for cost-focused traders, Vantage continues to provide competitive alternatives, especially for those eligible for its PRO ECN account.
| 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.
FP Markets and Vantage both provide a wide array of investment options, making them prominent players in the online trading world. Traders will find that both brokers offer forex trading as CFDs or spot contracts, catering to those interested in currency trading. However, FP Markets far surpasses Vantage in terms of the total number of tradeable symbols, offering an impressive 10,000 compared to Vantage's 1,000. For those focused on forex, FP Markets also offers a greater variety with 71 tradeable forex pairs, while Vantage features 61 pairs.
When it comes to other investment options, neither FP Markets nor Vantage provides exchange traded securities on U.S. or international exchanges, limiting investors to CFD trading in these sectors. Both platforms do offer copy trading and cryptocurrency derivatives, but neither provides access to actual (delivered) cryptocurrencies. With a 4.5-star rating for the range of investments, FP Markets holds a higher position, ranking 18th out of 62 brokers on ForexBrokers.com. Comparatively, Vantage stands at 3.5 stars and is ranked 50th in the same category, highlighting FP Markets as the broader investment choice between the two.
| 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.
FP Markets and Vantage both offer a comprehensive suite of trading platforms and tools, catering to the needs of traders at all skill levels. Each broker provides a free virtual demo account, allowing users to practice trading without risking actual funds. Both brokers boast proprietary platforms alongside popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which can be accessed via Windows desktop downloads and web-based platforms. Copy trading is available through both brokers, though only Vantage supports DupliTrade. When it comes to charting, FP Markets offers more drawing tools with 17 compared to Vantage's 15, but each provides the ability to trade directly from a stock chart. Both brokers allow customization of watch lists with seven columns or fields.
Rated four stars each for their trading platforms and tools, FP Markets and Vantage demonstrate a strong commitment to delivering user-friendly trading environments. However, in the Trading Platforms and Tools category, Vantage holds a slight edge with a 21st-place rank according to ForexBrokers.com, compared to FP Markets' 23rd-place position out of 62 brokers. Both platforms excel in ensuring that traders have access to the tools they need, with slight differences that may sway personal preference when it comes to specific features like DupliTrade support or the number of charting tools offered.
| 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.
When comparing the mobile trading apps of FP Markets and Vantage, both platforms offer an iPhone and Android app, catering to traders on the go. Users on both apps can receive stock or forex price alerts to stay updated with market changes, along with the capability to draw trendlines and save these drawings automatically. Notably, FP Markets and Vantage provide the ability to view multiple time frames on their charts, such as daily or weekly views, enhancing the analysis for traders.
While both apps offer real-time quotes for creating watchlists, neither supports syncing these watchlists with the client’s online account, which might be a consideration for users who frequently switch between devices. FP Markets utilizes MetaTrader for its charting, whereas Vantage boasts 30 technical studies, offering a slightly more expansive toolkit for analysis. Both apps have earned a commendable rating of 4 stars for their mobile trading platforms, reflecting user satisfaction. However, according to ForexBrokers.com, FP Markets ranks 18th out of 62 brokers, whereas Vantage is positioned at 28th, indicating a slight edge for FP Markets in this category.
| 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 with Vantage in terms of market research offerings, both brokers provide comprehensive resources for investors. They each deliver daily market commentary and supply forex news from top-tier sources like Bloomberg and Reuters. For those interested in analyzing market trends, both FP Markets and Vantage offer tools from Autochartist and Trading Central, which assist investors in making informed decisions. Additionally, traders can access sentiment-based tools from both platforms, displaying the ratio of long to short positions across currency pairs and other instruments. However, neither FP Markets nor Vantage includes market research services from TipRanks or tools from Acuity Trading such as Signal Centre.
In terms of additional features, both brokers provide an economic calendar that outlines global news events crucial to trading decisions. Despite these similarities, Vantage holds a slight edge in ranking, positioned at 21st out of 62 brokers in ForexBrokers.com's Research category, compared to FP Markets' 25th position. Nevertheless, both brokers receive a commendable 4-star rating for their research capabilities, reflecting their ability to support traders with the necessary insights and analysis to navigate the financial markets effectively.
| 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.
FP Markets and Vantage both excel in providing educational resources for new traders interested in forex or CFDs. They each offer a variety of educational materials, including a minimum of 10 articles, videos, and archived webinars with forex or CFDs being the primary subjects. For those who enjoy interactive learning, both platforms conduct online educational webinars at least once a month, and they each maintain a searchable archive of past webinars for convenient access. For beginners specifically, FP Markets and Vantage both supply 10 or more instructional videos tailored to beginners looking to learn trading essentials.
The education offerings aren't limited to novices, as both FP Markets and Vantage also provide advanced video content for experienced traders seeking to hone their skills. To help users with investing terminology, each broker presents a dictionary defining at least 50 investment terms. Whether you're just starting or looking to advance your knowledge, both FP Markets and Vantage offer strong educational support, each earning a 4-star rating for education. According to a ranking by ForexBrokers.com, FP Markets is positioned slightly higher at 23rd, with Vantage following closely at 24th out of 62 brokers in the education category.
| 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 62 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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