Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com, founded in 1999, is considered a highly trusted online broker, boasting a perfect ForexBrokers.com Trust Score of 99. As part of a publicly traded company, it holds an impressive seven Tier-1 licenses, which are highly trusted, and an additional Tier-2 license. This solid position reflects their credibility and financial stability, appealing to both seasoned investors and beginners exploring online trading. Despite not operating as a bank, FOREX.com embodies a high level of transparency and reliability in the financial trading marketplace.
FP Markets, established in 2005, holds a trust score of 89, classifying it as a trusted broker, according to ForexBrokers.com. Unlike FOREX.com, FP Markets is not publicly traded. It holds two Tier-1 licenses, considered highly trusted, along with one Tier-2 license. While FP Markets demonstrates a commendable level of trust, it has fewer Tier-1 licenses compared to FOREX.com, which might be a consideration for traders prioritizing regulatory oversight. Nonetheless, FP Markets remains a notable option, offering credible services in the competitive landscape of online trading.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Year Founded | 1999 | 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 | 1 |
When it comes to comparing commissions and fees, FOREX.com and FP Markets each bring their unique strengths to the table. FOREX.com, while offering multiple execution methods and account types, tends to be slightly more expensive than the industry average. For U.S. traders using the Standard account, average spreads are relatively high at 1.4 pips for the EUR/USD. However, their recently introduced RAW Spread account provides lower spreads with a commission-based pricing model, enticing active traders with rebates ranging from $2 to $9 per million, depending on volume. Though FOREX.com received a commendable 4.5-star rating for commissions and fees, it ranks #13 out of 62 brokers in this category.
In contrast, FP Markets is lauded for its competitive pricing, highlighted by its 5-star rating and #6 ranking for commissions and fees. Trading with FP Markets' Raw ECN account offers spreads averaging a low 0.1 pips, which becomes 0.8 pips all-in when factoring in a commission of $6 per round-turn standard lot. The Raw account is clearly designed for cost-efficiency, especially when compared to their Standard account’s higher average spreads of 1.1 pips for the EUR/USD. FP Markets also provides Direct Market Access through its share CFD offering on the Iress platform, catering to traders seeking transparency in pricing and execution.
While FOREX.com gives traders in the U.S and other regions the benefits of different accounts and execution methods, it’s FP Markets that leads in cost-effectiveness for those using commission-based ECN accounts. Whether you are a high-volume trader or seeking competitive pricing, FP Markets appears to have an edge with lower spreads and attractive commission-based pricing structures.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $100 | $100 AUD |
| Average Spread EUR/USD - Standard | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FOREX.com and FP Markets, both provide the opportunity for forex trading through CFDs or spot contracts, catering to traders interested in currency markets. FOREX.com offers a selection of 5,500 tradeable symbols, while FP Markets surpasses this with a notable 10,000 tradeable symbols. However, FOREX.com has a slight edge in the number of tradeable forex pairs, offering 91 compared to FP Markets’ 71. Both brokers do not offer the direct purchase of exchange-traded securities on U.S. or international exchanges, nor do they allow buying actual (delivered) cryptocurrencies, focusing instead on derivatives.
Despite the absence of direct securities trading and cryptocurrencies, both brokers provide a comprehensive range of investment options, but there's a difference in their ratings and rankings. FOREX.com has earned a 5-star rating for its range of investments and is ranked #7 by ForexBrokers.com among 62 brokers. In contrast, FP Markets holds a 4.5-star rating and is ranked #18, although it offers the added feature of copy trading, which may appeal to investors seeking to replicate the trades of successful traders.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 91 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 comparing the trading platforms and tools offered by FOREX.com and FP Markets, both brokers deliver a comprehensive set of features to cater to different trading needs. Both brokers provide simulated trading through free virtual demo accounts, helping traders practice without financial risk. They each have developed in-house proprietary platforms and offer MetaTrader 4 and MetaTrader 5, ensuring a familiar and powerful trading experience. Their desktop and web-based trading platforms provide flexibility, but it's notable that FP Markets also supports copy trading, a feature absent from FOREX.com.
In terms of charting capabilities, FOREX.com stands out by offering 239 drawing tools, a significant difference compared to FP Markets' 17. This advantage extends to managing trading watch lists, where FOREX.com offers 20 columns for fields while FP Markets offers 7. Users can trade directly from stock charts on both platforms, streamlining the trading process. Given these differences, FOREX.com holds a higher rating for Trading Platforms and Tools, receiving 5 stars compared to FP Markets' 4 stars. Additionally, FOREX.com's platforms are ranked 7th out of 62 brokers by ForexBrokers.com, while FP Markets is positioned at 23rd, highlighting FOREX.com's stronger performance in this category.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and FP Markets offer strong features that cater to traders on the go. Both platforms provide apps compatible with iPhones and Android devices, and they allow users to receive stock or forex price alerts. They also support drawing trendlines on charts and provide multiple time frame views such as daily or weekly to suit various trading strategies. However, a key difference is that FOREX.com offers watchlist symbol syncing between its app and online account, a feature not available with FP Markets. This means changes in your watchlist on FOREX.com will seamlessly update between your app and your online account, making portfolio management easier.
FOREX.com sets itself apart with 88 technical studies for charting in its mobile app, giving users a wider range of analytical tools compared to FP Markets, which runs on the default MetaTrader setup. Both apps allow for watchlist creation with real-time quotes and auto-save feature for chart drawings. FOREX.com excels in overall user satisfaction, earning a full 5-star rating, and ranks third out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com. FP Markets, while still solid, garners a 4-star rating and is ranked 18th. These distinctions make FOREX.com a preferred choice for traders seeking a feature-rich and highly rated mobile trading experience.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) |
| 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.
FOREX.com and FP Markets both provide daily market commentary and forex news from high-profile sources like Bloomberg, Reuters, and Dow Jones. They each offer tools from Trading Central to assist with technical analysis, and both platforms include a sentiment-based trading feature that provides insight into the ratio of long and short positions across currency pairs. Each broker provides an economic calendar to keep traders updated on global news events, although neither offers market research from TipRanks or tools from Acuity Trading.
When comparing their research capabilities, FOREX.com and FP Markets have some key differences. FOREX.com does not use tools from Autochartist, while FP Markets offers them, providing traders with an additional layer of technical and fundamental analysis support. While both brokers are well-regarded, FOREX.com is slightly higher rated with a 4.5-star score for research and is ranked 9th among 62 brokers according to ForexBrokers.com. FP Markets, with a 4-star rating, holds the 25th position in the same category. These distinctions may influence traders who prioritize research tools and broker ratings in their trading decisions.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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.
When it comes to educational resources for beginners, both FOREX.com and FP Markets offer a wealth of materials to help new traders get started with forex and CFDs. Each platform provides an impressive selection of over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Traders can also benefit from monthly online webinars designed to enhance their learning experience. Both brokers maintain searchable archives of past webinars, making it easy for beginners to revisit key topics. For those just starting out, the availability of more than ten beginner-specific educational videos from each broker is a significant plus.
In addition to beginner resources, FOREX.com and FP Markets also offer advanced educational videos for experienced traders, showcasing their dedication to catering to all skill levels. Each platform features an investor dictionary with definitions of at least 50 investing terms, further supporting traders' understanding of the industry. According to ForexBrokers.com, FOREX.com excels in its educational offerings, earning a 4.5-star rating and ranking 4th out of 62 brokers in the education category. FP Markets, while also praiseworthy with a 4-star rating, ranks 23rd, reflecting FOREX.com's slight edge in educational resources. Whether you're new to trading or seeking to advance your knowledge, both brokers provide substantial educational support to help you on your trading journey.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| 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 FOREX.com is better than FP Markets. FOREX.com finished with an overall rank of #5, while FP Markets finished with an overall rank of #19.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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Both FOREX.com and FP Markets do not offer the option to buy actual delivered cryptocurrencies, but they both provide opportunities to trade cryptocurrency derivatives.
When comparing FOREX.com and FP Markets, FOREX.com provides an advantage with ACH or SEPA transfers for deposits or withdrawals, offers PayPal and Visa or Mastercard as payment options similar to FP Markets, but lacks Skrill, which FP Markets supports, while both brokers accept bank wires.
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 | FOREX.com | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FP Markets Review |
| Broker Screenshots | FOREX.com | FP Markets | |
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| Regulation | FOREX.com | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| Year Founded | 1999 | 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 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 91 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | MetaTrader (Default) | |
| 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 | FOREX.com | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FP Markets | |
|---|---|---|---|
| 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 | FOREX.com | FP Markets | |
|---|---|---|---|
| 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 | FOREX.com Review | FP Markets Review |
| Overall | FOREX.com | FP Markets | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FP Markets Review |
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