Written by ForexBrokers.com
In this head to head comparison of FP Markets vs FxPro, 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.
Founded in 2005, FP Markets offers a trading experience bolstered by a trust score of 89, classifying it as a trusted entity according to ForexBrokers.com. This brokerage operates with two Tier-1 licenses, signifying a high level of trust, and one Tier-2 license, ensuring additional layers of regulatory compliance. While FP Markets is not publicly traded or a bank, its regulatory standings provide an assurance of security and professionalism for traders seeking trustworthy trading avenues.
On the other hand, FxPro, established in 2006, carries a slightly higher trust score of 90 from ForexBrokers.com, marking it as a highly trusted brokerage. Like FP Markets, FxPro holds two Tier-1 licenses and one Tier-2 license, indicating a secure trading environment. Although not publicly listed or a bank, FxPro's regulatory credentials mirror its commitment to providing a reliable and regulated trading platform, giving traders confidence in their financial ventures.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Year Founded | 2005 | 2006 |
| 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 | 2 |
When comparing FP Markets and FxPro regarding commissions and fees, FP Markets stands out as a more cost-effective option. FP Markets offers a highly competitive commission-based ECN account through its MetaTrader and cTrader platforms, earning it the Best in Class honors for Commissions and Fees in the 2024 Annual Awards. With an average spread of 0.1 pips for its Raw ECN account and a flat rate commission of $6 per round-turn standard lot for forex trading, FP Markets proves exceptionally attractive for traders looking for lower costs. However, its Iress ViewPoint account is geared towards active traders with high balance accounts due to its less affordable fee structure. FP Markets is rated 5 stars and ranks #6 out of 62 brokers for Commissions and Fees by ForexBrokers.com.
In contrast, FxPro's pricing is higher than the industry average, which may not appeal to cost-sensitive traders. While FxPro provides multiple execution methods on its MT4 platform, its competitive spreads are primarily available on the cTrader platform. Here, the effective spread for trading the EUR/USD pair averages 1.27 pips, a figure that includes a spread of 0.37 pips plus a commission-equivalent of 0.9 pips. Additionally, FxPro has a floating-rate spread model for its MT4 and MT5 platforms, with spreads ranging from 1.51 to 1.71 pips for the EUR/USD pair, depending on execution type. Despite offering an Active Trader program with discounts, FxPro still lags behind industry leaders in terms of value. FxPro is rated 4 stars and ranks #32 out of 62 brokers regarding Commissions and Fees by ForexBrokers.com.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.51 |
| All-in Cost EUR/USD - Active | 0.7 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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 FxPro both offer forex trading as CFDs, ensuring traders have access to various markets. FP Markets shines with an impressive offering of 10,000 tradeable symbols and 71 forex pairs, slightly edging out FxPro, which offers 2,249 symbols and 70 forex pairs. Neither broker provides exchange-traded securities on U.S. exchanges, meaning traders can't directly purchase stocks like Apple. However, FxPro stands out by offering international exchange-traded securities, giving traders the option to invest in global shares such as Vodafone, while FP Markets focuses more heavily on CFD offerings.
Both FP Markets and FxPro support copy trading, allowing traders to mirror the strategies of successful investors. For cryptocurrency enthusiasts, both brokers offer derivatives trading but do not support the purchase of actual cryptocurrencies. Rated 4.5 stars for its range of investments, FP Markets ranks #18 out of 62 brokers according to ForexBrokers.com, showcasing its impressive scope. Meanwhile, FxPro receives a 4-star rating and ranks at #28, indicating solid, though slightly less comprehensive, investment options. These rankings reflect their respective strengths in offering diverse investment opportunities to traders.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 2249 |
| Forex Pairs (Total) | 71 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 FxPro provide comprehensive offerings that cater to a wide variety of traders. Each broker supports simulated trading with free demo accounts, allowing users to practice without financial risk. Both brokers boast proprietary platforms developed in-house, alongside options for Windows-based and web-based trading to suit different needs. MetaTrader enthusiasts will be pleased to find that both FP Markets and FxPro offer MetaTrader 4 and MetaTrader 5 support. Although neither broker provides DupliTrade or ZuluTrade, they do offer copy trading features, making it easy to mirror the strategies of successful traders.
Charting tools are essential for making informed trading decisions, and here, FxPro takes a slight edge with 25 drawing tools compared to FP Markets’ 17. However, both brokers allow trading directly from stock charts, enhancing ease of use. When it comes to watch lists, FP Markets offers seven customizable columns, slightly more than the six offered by FxPro. With an overall platform rating of four out of five stars, both brokers deliver quality services, though FxPro ranks a bit higher in industry standings, coming in at #18 versus FP Markets at #23 according to ForexBrokers.com.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| 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 | 53 |
| Charting - Drawing Tools (Total) | 17 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and FxPro both provide robust mobile trading experiences with their applications available for both iPhone and Android users. They feature essential functionalities such as stock or forex price alerts, the ability to draw trendlines, and multiple time frame views on charts. Users can create watchlists with real-time quotes, although FP Markets doesn't support watchlist syncing with online accounts, a feature FxPro does offer. Furthermore, while both apps automatically save chart drawings, FxPro comes with 65 technical studies for charting, exceeding the default MetaTrader offerings of FP Markets.
In terms of market ratings and rankings, FxPro slightly edges out FP Markets with a 4.5-star rating compared to FP Markets’ 4-star rating for their mobile trading apps. According to ForexBrokers.com, out of 62 brokers, FxPro ranks 15th, while FP Markets is positioned at 18th in the Mobile Trading Apps category. Whether you're looking for comprehensive charting options or just straightforward trading functionalities, both platforms offer compelling choices, though FxPro holds a slight advantage in specific app features and rankings.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 65 |
| 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.
Both FP Markets and FxPro deliver quality market research tools for traders, offering daily market commentary and forex news from high-caliber sources like Bloomberg and Reuters. While both platforms include invaluable tools from Trading Central for in-depth technical analysis, FP Markets takes a slight edge by also providing access to Autochartist, a feature not available with FxPro. These tools are crucial for traders seeking comprehensive market insights.
When it comes to additional features, both brokers offer sentiment-based trading tools and economic calendars to keep users informed about global events. Neither FP Markets nor FxPro offers research tools from TipRanks or Acuity Trading. In terms of ratings, each broker garners 4 stars for their research capabilities. However, FP Markets ranks slightly higher at #25 compared to FxPro's #27 out of 62 brokers, according to ForexBrokers.com, which suggests a marginal preference for FP Markets based on available resources.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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 comparing the educational resources available to beginners offered by FP Markets and FxPro, both brokers present a variety of learning materials for newcomers interested in forex and CFDs. FP Markets and FxPro each provide a minimum of 10 educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. However, FP Markets distinguishes itself by offering monthly live webinars, while FxPro does not. Both brokers maintain a searchable archive of recorded webinars, allowing users to access a wealth of past information at their convenience.
FP Markets caters to both beginners and experienced traders with at least 10 educational videos for each group, whereas FxPro focuses more on beginner content alone. Both brokers supply an investor dictionary with over 50 investing terms, assisting users in understanding the industry jargon. Despite these offerings, FP Markets and FxPro receive an equivalent education rating of 4 stars. Notably, FP Markets ranks at #23 by ForexBrokers.com for education, slightly behind FxPro, which stands at #17 out of 62 brokers, indicating where each broker excels in delivering quality educational resources.
| Feature |
FP Markets
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FxPro. FP Markets finished with an overall rank of #19, while FxPro finished with an overall rank of #21.
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
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 90 |
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Both FP Markets and FxPro do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to buy cryptocurrency derivatives.
When comparing FP Markets and FxPro, both brokers provide options for depositing and withdrawing funds using PayPal, Skrill, Visa or Mastercard, and bank wires, but while FxPro also supports ACH and SEPA transfers, FP Markets does not offer these options.
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 | FxPro | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | FxPro Review |
| Broker Screenshots | FP Markets | FxPro | |
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| Regulation | FP Markets | FxPro | |
|---|---|---|---|
| Trust Score | 89 | 90 | |
| Year Founded | 2005 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 2249 | |
| Forex Pairs (Total) | 71 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.7 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | FxPro | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| 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 | Yes |
| Trading Platforms | FP Markets | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 53 | |
| Charting - Drawing Tools (Total) | 17 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | FP Markets | FxPro | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | FxPro Review |
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