Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Vantage, 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 Vantage, founded in 2009, are both online brokers that cater to global traders by offering various financial services. Neither FP Markets nor Vantage are publicly traded or affiliated with banking institutions, ensuring they remain independent in their operations. Both brokers boast two Tier-1 licenses, putting them on equal footing when it comes to holding highly trusted regulatory credentials. Additionally, each holds a Tier-2 license, enhancing their reputation as reliable brokers in the trading industry.
When it comes to trust scores, as rated by ForexBrokers.com, Vantage slightly outpaces FP Markets with a score of 90 compared to 89. This places Vantage in the "highly trusted" category, while FP Markets remains comfortably within the "trusted" category. For traders prioritizing regulatory compliance and trustworthiness, both brokers offer similar strong credentials, though Vantage holds a minor edge by the rating system used by ForexBrokers.com.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| 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 |
FP Markets stands out as a cost-effective broker with a commission-based ECN account offering through its MetaTrader and cTrader platforms, earning it five stars and a #6 ranking out of 62 brokers for commissions and fees. It offers competitive spreads and a unique Direct Market Access (DMA) feature for its Iress share CFD offering. The Raw ECN account is particularly noteworthy with spreads averaging 0.1 pips, resulting in an all-in cost of 0.8 pips, including a $6 commission per round-turn standard lot for forex trading. Meanwhile, FP Markets' Standard account offers spreads of 1.1 pips as of October 2023, making it a pricier choice. For Australian traders, FP Markets provides diverse Iress accounts for different trading needs and budget levels.
On the other hand, Vantage offers a range of account types, including the spread-only Standard STP account and the commission-based RAW ECN and PRO ECN accounts, earning a star rating of 4.5 and a #18 ranking. While its pricing is generally competitive within the industry, it does not surpass top-tier brokers like Saxo and CMC Markets. Its Raw ECN account offers average spreads of 0.15 pips, with a $6 commission per round turn. The PRO account, their most competitive option, reduces per-side commission to $2; however, it has specific account requirements varying by regulatory entity. Professional traders may find the active trader program appealing, which provides rebates based on volume and equity.
In summary, FP Markets leads the way in terms of competitive pricing, especially with its ECN account offerings, which are ideal for traders focusing on cost efficiency. Vantage provides a solid range of account options with generally competitive pricing that aligns with the industry's average. Traders must carefully consider account types and any associated requirements to choose the broker that best fits their trading objectives and financial capabilities.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.30 |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| 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.
When it comes to the variety of investment options, FP Markets and Vantage both offer competitive platforms for traders, though with some differences. Both brokers provide access to forex trading as CFDs or spot contracts, catering to those interested in currency trading. However, FP Markets stands out with a significantly larger selection of tradeable symbols, boasting 10,000 compared to Vantage's 1,000. For forex enthusiasts, FP Markets delivers a choice of 71 currency pairs, while Vantage offers 57. Both platforms also support copy trading and provide the opportunity to trade cryptocurrency derivatives.
However, neither FP Markets nor Vantage offers exchange-traded securities on U.S. or international markets, nor do they facilitate the purchase of actual cryptocurrencies. In terms of industry recognition, FP Markets earns a higher rating of 4.5 stars for its range of investments and holds the 18th spot in the ForexBrokers.com ranking, compared to Vantage's 3.5-star rating and 50th position. This indicates a broader array of trading opportunities for those choosing FP Markets over Vantage.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1000 |
| 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.
FP Markets and Vantage both provide traders with a wide array of features across their trading platforms, ensuring a comprehensive trading experience. Both brokers offer simulated trading through a virtual demo account, allowing users to practice without financial risk. They also support their own proprietary platforms and offer popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. For those who prefer desktop applications, both brokers have Windows-based platforms, and if you prefer trading directly in your browser, both accommodate with web-based options. Copy trading is available with both FP Markets and Vantage, but where Vantage sets itself apart is by offering additional third-party services such as DupliTrade and ZuluTrade, which FP Markets does not.
When it comes to charting features, FP Markets provides 17 drawing tools while Vantage offers 15. Both brokers allow trading directly from charts, and each offers seven customizable columns for watch lists to tailor your trading dashboard. In terms of overall performance and recognition, both platforms receive a solid 4-star rating in trading platforms and tools. However, according to ForexBrokers.com rankings, FP Markets sits at rank 23 out of 62 brokers, while Vantage holds a slightly better position at rank 15, indicating a stronger reputation in this category. Whether you choose FP Markets or Vantage, each offers a well-rounded suite of tools to enhance your trading endeavors.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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 | Yes |
| ZuluTrade | No | Yes |
| 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.
FP Markets and Vantage both offer mobile trading apps compatible with iPhone and Android devices, giving traders the flexibility to manage their investments on the go. Both platforms provide essential features like stock or forex price alerts, the ability to draw trendlines, view different time frames on charts, auto-save drawings, and create watchlists with real-time quotes. However, neither FP Markets nor Vantage offers watchlist symbol syncing with the client's online account, which might be a consideration for those looking for seamless integration between devices.
When it comes to charting capabilities, FP Markets uses the MetaTrader platform by default, whereas Vantage offers 30 technical studies for in-depth analysis. Both platforms have been rated 4 stars for their mobile trading apps, indicating a strong user experience. However, FP Markets is ranked higher at #18 compared to Vantage's #26 out of 62 brokers by ForexBrokers.com. This suggests FP Markets might have a slight edge in overall mobile app performance according to industry experts.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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.
When comparing FP Markets and Vantage for their market research offerings, both online brokers deliver a solid selection of tools and features for traders keen on staying updated. FP Markets provides daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, and features renowned tools such as Autochartist and Trading Central for technical analysis. Additionally, FP Markets includes sentiment-based trading tools and an economic calendar, making it comprehensive for market analysis. However, it does not offer additional resources from TipRanks or Acuity Trading. On the other hand, Vantage matches FP Markets on several fronts, including offering daily commentary, top-source forex news, Trading Central tools, sentiment trackers, and economic calendars. Despite this, Vantage does not provide tools from Autochartist or research from TipRanks or Acuity Trading, which could be a consideration for traders seeking these specifics.
Both FP Markets and Vantage hold a research rating of 4 stars, demonstrating their reliability and usefulness in aiding users' trading strategies. However, when ranked by ForexBrokers.com, Vantage edges slightly ahead at #24, while FP Markets follows at #25 out of a total of 62 brokers. This proximity in ranking shows that both brokers offer fairly similar quality in research tools, leaving the choice largely dependent on specific features traders might be seeking, such as the availability of Autochartist with FP Markets.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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 it comes to educational resources for beginners, both FP Markets and Vantage make an admirable offer to new traders diving into forex and CFDs. They each provide more than 10 educational pieces, including articles, videos, and archived webinars focusing on these trading subjects. These resources are complemented by monthly live webinars that offer a continuous learning opportunity for their clients. Plus, newcomers can find recorded sessions in a user-friendly archive, making it convenient to revisit and absorb trading content at their own pace.
In terms of video content, FP Markets and Vantage cater well to both beginners and more advanced traders, offering at least 10 beginner and 10 advanced educational trading videos. To further bolster their educational arsenals, they each provide a comprehensive investor dictionary with definitions of over 50 investing terms. Both brokers are rated four stars for their education, with FP Markets securing a higher position in the ForexBrokers.com education rankings at #23, compared to Vantage's rank of #27 among 62 brokers. Whether you're new to trading or looking to deepen your understanding, both brokers present valuable resources to help you learn and grow.
| Feature |
FP Markets
|
Vantage
|
|---|---|---|
| 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 FP Markets is better than Vantage. FP Markets finished with an overall rank of #19, while Vantage finished with an overall rank of #26.
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
|
Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 90 |
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Both FP Markets and Vantage do not offer the option to buy actual delivered cryptocurrency, but they do provide the opportunity to trade cryptocurrency derivatives.
When comparing online brokers FP Markets and Vantage, both platforms do not support ACH or SEPA transfers for funding and withdrawal, but they offer similar versatile payment options including PayPal, Skrill, Visa, Mastercard, and bank wire 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 | Vantage | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Vantage Review |
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| Regulation | FP Markets | Vantage | |
|---|---|---|---|
| Trust Score | 89 | 90 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| 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 | Vantage | |
|---|---|---|---|
| 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 | 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1000 | |
| 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 | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.75 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Vantage | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| 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 | No |
| Trading Platforms | FP Markets | Vantage | |
|---|---|---|---|
| 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 | Yes | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | FP Markets | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | FP Markets | Vantage | |
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| Trust Score | 89 | 90 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Vantage Review |
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