Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Markets.com, 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 and Markets.com are two well-known online brokers with distinct regulatory credentials. Founded in 2005, FP Markets is not publicly traded and does not operate as a bank. It holds two Tier-1 licenses, recognized as highly trusted, and one Tier-2 license, placing its ForexBrokers.com Trust Score at a respectable 89. This score indicates that FP Markets is considered a trusted broker, though not at the highest tier of safety.
In comparison, Markets.com has been in operation since 1999 and, like FP Markets, is neither publicly traded nor a bank. Markets.com surpasses FP Markets in regulatory credentials, boasting three Tier-1 licenses and one Tier-2 license. This higher tier presence contributes to its impressive Trust Score of 93, reflecting a higher level of trust according to ForexBrokers.com. Both brokers offer credible regulation, but Markets.com holds a slight edge in terms of regulatory assurance and trustworthiness.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets stands out as a highly cost-effective online trading broker with a 5-star rating for its competitive commissions and fees, earning it the 6th spot out of 62 brokers according to ForexBrokers.com. The broker offers attractive pricing through its MetaTrader and cTrader platforms, particularly in its commission-based Raw ECN accounts, with spreads averaging 0.1 pips (0.8 pips all-in with commission). While the Iress ViewPoint accounts cater to high-balance, active traders, FP Markets’ Iress Investor account provides a more budget-friendly but limited experience for traders looking for lower costs. Despite some accounts being less affordable, FP Markets has been awarded Best in Class for Commissions and Fees, underscoring its value for traders worldwide.
In contrast, Markets.com, rated 3.5 stars for its commissions and fees, ranks significantly lower at 49th in ForexBrokers.com’s list of 62 brokers. The lack of detailed average spread data for Markets.com makes it challenging for traders to assess potential costs upfront. This brokers’ lower rating suggests that traders might incur higher expenses relative to the competitive pricing structures offered by FP Markets.
Overall, FP Markets provides a diverse range of cost-efficient account options for various trading styles, making it a preferred choice for both cost-conscious beginners and seasoned traders with higher balances. Meanwhile, Markets.com's less transparent fee structure may deter traders who prioritize understanding their trading costs clearly. Exploring FP Markets could be worthwhile for those seeking a broker with recognized, exceptional value in commissions and fees.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| 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 | Yes |
| 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.
When comparing FP Markets and Markets.com in terms of their range of investments, both brokers offer forex trading as a contract for difference (CFD) or spot contract. However, FP Markets stands out with an impressive 10,000 tradeable symbols, significantly more than Markets.com's 2,179. For those interested in forex trading, FP Markets provides a broader selection with 71 tradeable forex pairs compared to Markets.com's 57 pairs. While neither broker offers the ability to buy exchange-traded securities directly from U.S. or international exchanges, they both provide the opportunity for traders to engage in copy trading. Additionally, both platforms enable users to trade cryptocurrency derivatives though not the actual cryptocurrencies themselves.
When evaluating user feedback, FP Markets is rated 4.5 stars for its range of investments, surpassing Markets.com's 4-star rating. According to ForexBrokers.com, FP Markets ranks 18th out of 62 brokers for the range of investments category, while Markets.com holds the 29th position. This indicates FP Markets may be a more versatile option for investors looking to explore an extensive array of trading opportunities.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 2179 |
| Forex Pairs (Total) | 71 | 57 |
| 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 Markets.com offer traders versatile options with their trading platforms and tools. Each broker provides a proprietary platform developed in-house, alongside popular options like MetaTrader 4 and MetaTrader 5. Traders will appreciate the ability to use both Windows-based desktop and web-based platforms, making it easy to trade from anywhere. Additionally, both brokers offer simulated trading through free virtual demo accounts, allowing users to practice and hone their skills before committing real funds. Copy trading is accessible with both companies, offering an opportunity to mirror experienced traders' strategies for potentially lucrative outcomes.
When it comes to charting capabilities, FP Markets takes a slight lead, offering 17 drawing tools compared to Markets.com's 4. Moreover, FP Markets allows you to trade directly from a stock chart, a feature that Markets.com lacks. In terms of watchlist customization, FP Markets also edges out with 7 columns to Markets.com’s 6. Both brokers receive a respectable 4-star rating for their trading platforms and tools, but FP Markets ranks slightly higher in ForexBrokers.com's category, coming in at #23 compared to Markets.com's #26. These subtle differences may influence traders seeking specific functionalities in their trading experience.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| 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 | 89 |
| Charting - Drawing Tools (Total) | 17 | 4 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Markets.com both offer mobile trading apps that are available for iPhone and Android users. Both brokers provide stock and forex price alerts, along with the ability to create watchlists with real-time quotes. However, they differ in some key features that are important for traders on the go. Markets.com allows watchlist symbol syncing across devices, while FP Markets does not offer this feature, potentially making it easier to manage your trading activity across platforms with Markets.com. When it comes to charting capabilities, both brokers allow users to draw trendlines, which is crucial for technical analysis. FP Markets stands out by offering multiple time frames for chart analysis, an option that isn't available with the Markets.com mobile app.
An important consideration for traders who rely on technical studies is that FP Markets offers the MetaTrader platform by default for its mobile app, while Markets.com offers these features only on MT4, with none on its Markets app. FP Markets also has the advantage of auto-saving any drawings on stock or forex charts, ensuring that traders don't lose this valuable work—an offering not available through Markets.com. Despite these differences, both platforms receive a solid four-star rating for their mobile apps. FP Markets ranks higher at #18 out of 62 brokers reviewed by ForexBrokers.com, compared to Markets.com's ranking at #33, which may influence your choice if overall mobile trading app quality and ranking are important to your trading experience.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| 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) | (default on MT4, none on Markets app) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FP Markets and Markets.com for market research, both brokers present several useful features for investors. Each platform offers daily market commentary and access to forex news from renowned sources like Bloomberg and Reuters, ensuring traders stay informed with the latest insights. FP Markets differentiates itself by providing tools from Autochartist and Trading Central, enhancing technical and fundamental analysis capabilities. In contrast, Markets.com does not offer these particular tools. Both brokers also provide a sentiment-based trading tool, helping investors gauge market trends through position ratios across various instruments.
Additionally, both FP Markets and Markets.com feature an economic calendar to keep traders updated on global events impacting economies worldwide. However, neither broker offers market research from TipRanks or Acuity Trading tools like Signal Centre. While they share a similar research rating of four stars, there is a distinction in their rankings, with Markets.com positioned at #17 and FP Markets at #25 among 62 brokers evaluated by ForexBrokers.com. This comparison highlights subtle differences that can guide traders in selecting the broker that best aligns with their research needs.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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, FP Markets stands out as a go-to option for beginners in the forex and CFD trading scenes. FP Markets offers a wealth of learning materials, including over ten educational pieces like articles, videos, and archived webinars specifically centered around forex and CFDs. Additionally, FP Markets hosts monthly educational webinars and provides a searchable archive of previously recorded sessions for convenient access. They also provide more than ten beginner-focused educational videos covering trading topics in an easy-to-understand manner. Furthermore, FP Markets offers an investor dictionary with explanations for over 50 investing terms, making it easier for novices to get acquainted with industry jargon. Rated with 4 stars for education, FP Markets is ranked #23 out of 62 brokers according to ForexBrokers.com.
Conversely, Markets.com offers some educational resources, but they are more limited when compared to FP Markets. Although Markets.com also hosts webinars every month and has more than ten beginner-oriented educational videos on trading topics, it lacks a searchable archive of recorded webinars. Moreover, Markets.com does not provide a varied array of educational content, falling short on offering a minimum of ten educational pieces focused on forex and CFDs. Their resources do not include an investor dictionary to help clarify key investing terms. Like FP Markets, Markets.com is rated with 4 stars for its educational offerings, yet it ranks #34 out of 62 brokers in the Education category on ForexBrokers.com.
| Feature |
FP Markets
|
Markets.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Markets.com. FP Markets finished with an overall rank of #19, while Markets.com finished with an overall rank of #23.
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
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Markets.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 93 |
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Both FP Markets and Markets.com enable traders to buy cryptocurrency derivatives, although neither platform offers the option to purchase actual (delivered) cryptocurrencies.
FP Markets and Markets.com both provide deposit and withdrawal options through Skrill, Visa, Mastercard, and bank wires, but only FP Markets offers PayPal, while 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 | Markets.com | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | Markets.com | |
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| Regulation | FP Markets | Markets.com | |
|---|---|---|---|
| Trust Score | 89 | 93 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Markets.com | |
|---|---|---|---|
| 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 | No | |
| 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 | Markets.com | |
|---|---|---|---|
| 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 | Markets.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 2179 | |
| Forex Pairs (Total) | 71 | 57 | |
| 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 | Markets.com | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Markets.com | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| 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 | Markets.com | |
|---|---|---|---|
| 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 | Markets.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 89 | |
| Charting - Drawing Tools (Total) | 17 | 4 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Markets.com | |
|---|---|---|---|
| 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) | (default on MT4, none on Markets app) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FP Markets | Markets.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Markets.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | Markets.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review |
| Overall | FP Markets | Markets.com | |
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| Trust Score | 89 | 93 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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