Two forex brokers square off over pricing, platforms, and investor protections. The axis of tension centers on regulation quality and platform breadth.
FP Markets outperforms AMarkets with a higher editorial score and top-tier regulation. It also provides negative balance protection and investor compensation scheme coverage.
Find out which broker best suits your trader profile.
Choose AMarkets if…
Choose AMarkets if you value the mature PAMM platform and up to 3000:1 leverage.
Choose FP Markets if…
Choose FP Markets if you want top-tier regulation, investor protection, and a broad platform ecosystem.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.8/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 4.6 / 5▲ |
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | AMarkets | FP Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets rates 4.5/5 versus 3.8/5 for AMarkets. FP Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both AMarkets and FP Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both AMarkets and FP Markets require a minimum deposit of $100 to open a live trading account.
FP Markets holds top-tier regulation (ASIC, CySEC), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, FP Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
AMarkets lists maximum leverage of 3000:1, while FP Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both AMarkets and FP Markets charge the same commission of $6 per lot on applicable accounts.
AMarkets supports cTrader, MetaTrader 5, MetaTrader 4, while FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to IRESS and TradingView.
FP Markets wins safety and regulation with ASIC and CySEC licenses and segregated funds.
FP Markets suits active traders with true ECN pricing, MT4/MT5, cTrader, and IRESS integration.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
FP Markets offers MT4/MT5, cTrader, TradingView, and IRESS for diverse platform needs.
FP Markets offers negative balance protection and investor compensation, aiding beginner confidence.
FP Markets wins instrument variety with access to 10,000 instruments.
Fees & Spreads 30% weight | 4.0 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.1 / 5 | 4.4 / 5▲ |
|---|
Customer Support 10% weight | 3.9 / 5 | 4.3 / 5▲ |
|---|
| Founded | 2007 | 2005 |
|---|
| Headquarters | Kingstown, Saint Vincent and the Grenadines | Sydney, Australia |
|---|
| Min Deposit | $100 | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $6/lot |
|---|
| 0.6 pips | 0.6 pips |
| Max Leverage | 3,000:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit cardSkrillNetellerPOLiPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardSkrillNetellerPOLi |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | SVGFSA | ASIC CySEC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | cTrader IRESS MetaTrader 5 TradingView MetaTrader 4 |
|---|
| Active bonuses |
|---|
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
SVG FSA registration only, no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
IRESS platform has a monthly fee for lower-volume traders
Customer support primarily oriented toward Australian trading hours
Not available to US residents
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker