Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Forex4you, 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 Forex4you, founded in 2007, are both online brokers that offer trading services but differ distinctly in their regulatory standing. Neither FP Markets nor Forex4you are publicly traded or operate as banks. In terms of regulation, FP Markets holds a significant advantage with two Tier-1 licenses, which are highly trusted, and one Tier-2 license, which is also considered trustworthy, according to ForexBrokers.com. In contrast, Forex4you lacks both Tier-1 and Tier-2 licenses, bearing no licenses that provide a similar level of assurance.
Examining their Trust Scores reveals further differences. FP Markets boasts a Trust Score of 89 out of 99, placing it in the "trusted" category, reflecting a stronger sense of security for traders. On the other hand, Forex4you has a Trust Score of 61, suggesting a higher level of risk and less confidence for potential clients. These scores highlight FP Markets as a more reliable choice for those seeking a secure trading environment compared to Forex4you.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| Year Founded | 2005 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing FP Markets and Forex4you, FP Markets stands out as a top choice among brokers for competitive pricing and low fees. This broker earns acclaim for its commission-based ECN accounts, offering traders notably low spreads and costs. With a 5-star rating and a #6 rank for commissions and fees according to ForexBrokers.com, FP Markets distinguishes itself with an impressive array of account options, especially through its MetaTrader and cTrader platforms. The Raw ECN account, in particular, offers spreads averaging 0.1 pips, and even when accounting for commissions, it remains a cost-effective option for forex traders. However, FP Markets also offers higher minimum deposit accounts like Iress ViewPoint, catering to active traders and those with higher balances.
In contrast, Forex4you receives a more modest 3.5-star rating and ranks #53 out of 62 brokers in the same category. While average spread data is limited, it is evident that Forex4you does not match the favorable pricing and fee structure of FP Markets. This broker might appeal to traders seeking basic services, but for those prioritizing cost efficiency, FP Markets is the more attractive option. The absence of detailed spread information can make it challenging to assess Forex4you's competitiveness fully.
Ultimately, FP Markets proves a favored broker for those focused on competitive commissions and fees. With its accolade as Best in Class for Commissions and Fees in 2024, FP Markets offers a diverse range of trading options tailored to different trader profiles, providing substantial savings potential compared to Forex4you. Traders looking for transparency and cost-effective solutions are likely to find FP Markets the superior choice.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 Forex4you are both online brokers offering forex trading as CFDs or spot contracts. FP Markets stands out with an impressive array of over 10,000 tradeable symbols, including 71 forex pairs, making it a versatile platform for diverse trading interests. In contrast, Forex4you provides a more limited selection of 150 tradeable symbols, along with 43 forex pairs, which might appeal to traders looking for a more straightforward selection. However, both brokers do not offer exchange-traded securities on U.S. or international exchanges, limiting opportunities for direct stock investments like Apple or Vodafone shares.
When it comes to additional features, both FP Markets and Forex4you enable copy trading options, catering to those who prefer to mimic the trades of experienced investors. For cryptocurrency enthusiasts, each offers cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. FP Markets is rated 4.5 stars for its range of investments, holding the #18 spot out of 62 brokers in the ForexBrokers.com ranking, highlighting its broad selection. Meanwhile, Forex4you earns a 3.5-star rating, landing at #58 in the same category, reflecting its more limited investment range.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 150 |
| Forex Pairs (Total) | 71 | 43 |
| 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.
Both FP Markets and Forex4you offer a wide range of trading platforms and tools suitable for traders of all experience levels. They both provide access to simulated or paper trading through free virtual demo accounts, making it easy for newcomers to practice without any financial risk. Each broker has developed its proprietary platform in-house, and they also support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for comprehensive trading experiences. Whether you prefer a desktop download or a web-based platform, both brokers have you covered. Additionally, both offer the option of copy trading, allowing users to mimic the trades of experienced investors.
FP Markets and Forex4you are fairly matched when it comes to technical know-how, with similar features like the ability to trade directly from a stock chart and offering seven columns for watch lists. However, small differences exist, such as the number of drawing tools available: FP Markets provides 17, while Forex4you offers 15. Both brokers received a rating of four stars for their platforms and tools, but FP Markets holds a higher position in the ForexBrokers.com ranking, placed at number 23 out of 62 brokers, compared to Forex4you's position at number 52. This suggests that while both brokers are reliable, FP Markets might provide a slightly more polished and versatile trading experience.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| 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 | No |
| 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 Forex4you, both brokers provide apps for iPhone and Android users, ensuring accessibility for traders on the go. Both offer essential features like stock and forex price alerts, the ability to draw trendlines, and the capability to view different time frames on charts. This allows traders to monitor the markets easily and analyze trends. While both apps enable the creation of watchlists with real-time quotes, neither supports syncing these lists with a client's online account. This means changes made in the app or online account must be manually replicated to remain consistent.
FP Markets uses the MetaTrader platform for its app, known for its reliability in charting, though Forex4you stands out by offering 30 different technical studies, providing a richer analysis environment. Both apps autosave chart drawings, ensuring no work is lost. However, FP Markets achieves a higher recognition with a rank of #18 out of 62 brokers for mobile trading apps by ForexBrokers.com, compared to Forex4you's #50 position. Ultimately, both apps share a solid 4-star rating but differ in certain features and brokerage rankings, which could influence your choice based on personal trading needs.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| 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.
FP Markets and Forex4you both provide a wealth of market research resources essential for online trading. Each broker offers daily market commentary and stays updated with the latest forex news from renowned sources like Bloomberg and Reuters. Additionally, both platforms incorporate powerful research tools from Autochartist and Trading Central, providing traders with valuable technical and fundamental analysis. However, FP Markets distinguishes itself by offering a sentiment-based trading tool, giving users insights into long and short positions across various currency pairs, a feature that Forex4you does not provide.
When it comes to market calendars, both FP Markets and Forex4you ensure traders are informed of current and upcoming global economic events. Despite similarities in features, FP Markets holds a slight edge with a research rating of 4 stars compared to Forex4you's 3.5 stars. This advantage is reflected in their rankings, with FP Markets positioned at #25 and Forex4you at #47 out of 62 brokers for research capabilities, according to ForexBrokers.com. Neither broker offers market research from TipRanks or Acuity Trading, yet FP Markets appears as the slightly better choice for robust and comprehensive market research tools.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| 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 | No |
| 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 beginner traders, FP Markets and Forex4you both provide a variety of learning materials. FP Markets stands out with a comprehensive package that includes over 10 educational pieces focusing on forex and CFDs, regular monthly webinars for online learning, and a searchable archive of previously recorded webinars. These resources cater to both beginners and experienced traders, featuring at least 10 videos specifically tailored to each skill level. Additionally, FP Markets offers an investor dictionary with definitions of more than 50 investing terms, making it easier for newcomers to understand essential concepts.
Forex4you, on the other hand, also offers more than 10 educational pieces but lacks in some areas compared to FP Markets. It doesn't provide monthly educational webinars, nor does it have a dedicated collection of beginner or advanced educational videos. Furthermore, it does not offer an investor dictionary to help with trading terminology. Despite these limitations, Forex4you still maintains a decent educational offering and is rated slightly lower than FP Markets, with 3.5 stars for education. Overall, while both brokers offer valuable educational content, FP Markets is better equipped to guide new traders through their learning journey.
| Feature |
FP Markets
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 Forex4you. FP Markets finished with an overall rank of #19, while Forex4you finished with an overall rank of #55.
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
|
Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 61 |
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Both FP Markets and Forex4you do not provide options for buying actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
While both FP Markets and Forex4you offer Visa, Mastercard, Skrill, and bank wires for deposits and withdrawals, only FP Markets provides PayPal, and neither broker supports ACH or SEPA 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 | Forex4you | |
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| Trust Score | 89 | 61 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | Forex4you | |
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| Regulation | FP Markets | Forex4you | |
|---|---|---|---|
| Trust Score | 89 | 61 | |
| Year Founded | 2005 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| 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 | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 150 | |
| Forex Pairs (Total) | 71 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | FP Markets Review |
| Overall | FP Markets | Forex4you | |
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| Trust Score | 89 | 61 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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