CMC Markets vs FP Markets Forex Broker Comparison
A head-to-head comparison of CMC Markets and FP Markets across regulation, trading costs, platforms, and editorial scoring.
Score 4.5 / 5
2 bonusesFCA-regulated and LSE-listed with one of the best proprietary platforms in retail FX and CFDs.
VS
Score 4.5 / 5
4 bonusesTrue ECN pricing, all three major platforms, strong ASIC regulation, and IRESS integration for share CFDs - a complete package for active traders.
Our Verdict
Too close to call
CMC Markets and FP Markets are extremely closely matched with scores of 4.5/5 and 4.5/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0 pips vs 0.7 pips for CMC Markets, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
Recommended
FP Markets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
FP Markets offers more exclusive platform options: MetaTrader 5, cTrader, TradingView, IRESS.
Best for beginners
Recommended
Both brokers share the same editorial score of 4.5/5, but CMC Markets requires a lower minimum deposit ($0 vs $100 for FP Markets), making it more accessible for new traders.
CMC Markets vs FP Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5 | 4.6 / 5 |
Fees & Spreads 30% weight | 4.4 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.4 / 5 |
Customer Support 10% weight | 4.2 / 5 | 4.3 / 5▲ |
| Founded | 1989 | 2005 |
| Headquarters | London, United Kingdom | Sydney, Australia |
| Min deposit | No minimum | $100 |
| Spreads from | 0.7 pips | 0 pips |
| Commission / lot | N/A | $6/lot |
| Max leverage | 30:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC DFSA BaFin FMA | ASIC CySEC |
| Platforms | MetaTrader 4 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS |
| Active bonuses | ||
| Visit broker | Visit CMC Markets | Visit FP Markets |
CMC Markets vs FP Markets Forex Broker Pros & Cons
Pros
FCA-regulated, LSE-listed
Excellent proprietary platform
MT4 also available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
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
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
Inactivity fee after 12 months
No raw spread account option
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
CMC Markets vs FP Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
CMC Markets
criteria win
2
FP Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | CMC Markets | FP Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
CMC Markets vs FP Markets: Frequently Asked Questions
CMC Markets and FP Markets share the same editorial score of 4.5/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
FP Markets offers tighter spreads starting from 0 pips, compared to CMC Markets's spreads from 0.7 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
CMC Markets has a lower minimum deposit of no minimum required, while FP Markets requires at least $100. This makes CMC Markets more accessible for traders with limited starting capital.
Both CMC Markets and FP Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: CMC Markets has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
CMC Markets offers maximum leverage of 30:1, while FP Markets offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
FP Markets charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
CMC Markets supports MetaTrader 4, Proprietary Web/Mobile and FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS; both support MetaTrader 4; CMC Markets exclusively offers Proprietary Web/Mobile; FP Markets exclusively offers MetaTrader 5, cTrader, TradingView, IRESS.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4.5 / 5
Score 4.5 / 5
More Broker Comparisons
More CMC Markets comparisons
More FP Markets comparisons
Personalised recommendation
Not sure which broker is right for you?
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