Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Spreadex, 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 Spreadex, founded in 1999, are both prominent online brokers catering to a diverse clientele. Neither of these brokers is publicly traded nor operates as a bank. When it comes to regulatory credentials, FP Markets holds a strong position with two Tier-1 licenses and one Tier-2 license, indicating a high level of trust and regulation. In contrast, Spreadex has one Tier-1 license but lacks Tier-2 licenses, reflecting its regulatory stance.
According to ForexBrokers.com, FP Markets earns a Trust Score of 89, marking it as a trusted broker. Meanwhile, Spreadex has a Trust Score of 71, placing it at an average risk level. Overall, FP Markets ranks higher in terms of regulatory trust and oversight, likely appealing to traders seeking a more secure trading environment.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
FP Markets stands out in the realm of online trading as a top choice for traders aiming for competitive commissions and fees, especially through its MetaTrader and cTrader platforms. Notably, it received a five-star rating and was honored with the "Best in Class" award for Commissions and Fees in 2024. Offering a range of account options, FP Markets shines with its Raw ECN account, which provides tight spreads averaging 0.1 pips and a flat rate of $6 per round-turn on forex trades. The Iress ViewPoint account caters to high-balance, active traders, offering DMA pricing but with higher fees unless significant commissions are generated monthly.
Spreadex, while slightly less competitive than FP Markets, offers a respectable trade experience with a four-star rating for its commissions and fees. In January 2024, Spreadex maintained average spreads of 0.81 pips for EUR/USD, achieving a minimum spread of 0.6 pips the majority of the time. While its ranking at #30 out of 62 brokers might not surpass FP Markets' #6 position, Spreadex provides solid options for traders seeking dependable spread pricing.
Overall, FP Markets emerges as a superior choice for cost-efficiency, especially for those inclined toward commission-based accounts, while Spreadex appeals to those who prefer straightforward spread-based trading. In conclusion, while both brokers have their strengths, FP Markets' higher ranking, coupled with an award-winning reputation, gives it an edge over Spreadex in terms of commissions and fees.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and Spreadex both offer an extensive selection of investments, each providing access to 10,000 tradable symbols and forex trading as a CFD or spot contract. However, they differ in the number of forex pairs available: FP Markets provides a wider range with 71 pairs, compared to Spreadex's 52. While neither broker allows clients to buy actual shares from U.S. or international stock exchanges, their investment options are rounded out by the ability to trade cryptocurrency derivatives.
In terms of unique features, FP Markets stands out with its copy trading service, which enables users to mirror the strategies of successful traders—a feature not available with Spreadex. Despite FP Markets' solid offering, Spreadex is rated higher overall for the range of investments, receiving 5 stars versus FP Markets' 4.5. Additionally, in the ForexBrokers.com ranking, Spreadex is positioned slightly ahead at #13, while FP Markets is ranked #18, signaling a competitive edge in the breadth of investment services offered.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 71 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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, FP Markets and Spreadex showcase distinct differences that cater to varying trader preferences. FP Markets stands out by offering a free virtual demo account, facilitating paper trading for beginners or those wanting to test strategies without financial risk. Both platforms have proprietary systems developed in-house, but FP Markets further diversifies its offerings with a Windows-based desktop platform, which Spreadex does not provide. They both offer web-based trading for easy browser access. Moreover, FP Markets supports MetaTrader 4 and MetaTrader 5, popular among traders for their advanced features, whereas Spreadex does not offer these platforms. FP Markets also provides a copy trading feature, allowing users to mimic the trades of experienced investors, which is unavailable with Spreadex.
In terms of charting tools, FP Markets provides 17 drawing tools while Spreadex offers 11. Both brokers support trading directly from stock charts. For watch lists, Spreadex edges out with eight fields compared to FP Markets' seven. Despite these differences, both platforms receive a four-star rating for their trading tools and platforms. However, according to ForexBrokers.com, FP Markets ranks higher at 23rd out of 62 brokers, compared to Spreadex's 46th place, reflecting a more favorable perception in the forex trading community. Overall, FP Markets offers a more comprehensive suite of trading tools and platform features, appealing particularly to those who value variety and flexibility in their trading experience.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 55 |
| Charting - Drawing Tools (Total) | 17 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Spreadex both offer trading apps for iPhone and Android users, providing access to stocks and forex. Users of both apps can receive price alerts and can draw trendlines on charts with varied time frames. However, FP Markets provides some additional features that aren't available with Spreadex. While both apps lack watchlist symbol syncing across devices, FP Markets allows users to save their chart drawings automatically, which might be a more convenient option for active traders.
Though both FP Markets and Spreadex receive a solid 4-star rating for their mobile trading apps, FP Markets ranks higher at 18th place out of 62 brokers, compared to Spreadex's 49th position. FP Markets employs the MetaTrader platform for its technical studies, while this feature wasn't specified for Spreadex. Both apps allow the creation of watchlists with real-time quotes, but for those looking for a more comprehensive trading solution, FP Markets may edge out in terms of functionalities offered through their mobile app.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| 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) | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FP Markets and Spreadex, both brokers provide investors with substantial resources like daily market commentary and forex news from reputable sources such as Bloomberg and Reuters. However, FP Markets distinguishes itself by offering tools like Autochartist and Trading Central for both technical and fundamental analysis, which are not available with Spreadex. Both platforms provide a sentiment-based trading tool that displays the ratio of long and short positions, as well as an economic calendar featuring major global events.
Despite their similar ratings of 4 stars in market research, FP Markets holds a slight edge in rankings, placed at #25 compared to Spreadex's #31 out of 62 brokers reviewed by ForexBrokers.com. This difference might be attributed to the additional analytical tools FP Markets offers, providing a richer array of resources for traders looking to make informed decisions. Neither platform includes features from TipRanks or Acuity Trading, concentrating instead on their existing robust suites of market analysis resources.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| 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.
FP Markets and Spreadex both offer valuable educational resources for those looking to delve into the world of forex and CFDs. With a variety of articles, videos, and archived webinars, each broker provides more than 10 educational pieces aimed at beginners. However, FP Markets offers an edge with its monthly client webinars and a searchable archive of past sessions, a feature not provided by Spreadex. This makes FP Markets a more appealing choice for traders who prefer interactive learning experiences and the ability to revisit past webinars for deeper understanding.
For video content, both FP Markets and Spreadex present a broad selection tailored specifically for beginners, ensuring new traders have a solid foundation. Yet, FP Markets goes a step further by offering advanced educational videos for seasoned traders seeking more challenging material. Both brokers offer an investor dictionary with over 50 terms, helping users build a strong technical vocabulary. Despite both receiving a 4-star rating for education, FP Markets is ranked higher at #23, while Spreadex sits at #45. This suggests FP Markets provides a more comprehensive educational experience overall.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 Spreadex. FP Markets finished with an overall rank of #19, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 89 | 71 |
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Both FP Markets and Spreadex do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide options for buying cryptocurrency derivatives.
FP Markets and Spreadex both support Visa, Mastercard, and bank wires for depositing or withdrawing funds, but FP Markets additionally offers PayPal and Skrill, unlike Spreadex, which does not support these options; however, neither broker provides ACH or SEPA transfer 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 | Spreadex | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
| Broker Screenshots | FP Markets | Spreadex | |
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| Regulation | FP Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| Forex Pairs (Total) | 71 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| Charting - Drawing Tools (Total) | 17 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Spreadex | |
|---|---|---|---|
| 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) | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | FP Markets | Spreadex | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
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