CMC Marketsvs
FP MarketsForex Broker Comparison
In a tightly matched comparison, CMC Markets and FP Markets balance trust, fees, and platforms differently. The axis of tension centers on spreads and platform options.
Our Verdict
Too close to call
CMC Markets and FP Markets are closely matched on regulation, pricing, and platforms. The clearest differentiator is FP Markets' raw spreads from 0 pips with $6/lot, which CMC Markets does not offer.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers raw spreads from 0 pips with $6/lot commission.
- 2CMC Markets has a proprietary platform; FP Markets does not.
- 3FP Markets has no inactivity fee; CMC Markets charges after 12 months.
Who should choose CMC Markets vs FP Markets?
Find out which broker best suits your trader profile.
Choose CMC Markets if…
Choose CMC Markets if you want FCA regulation, a leading proprietary platform, and a $0 minimum deposit.
Choose FP Markets if…
Choose FP Markets if you want true ECN pricing with raw spreads and MT4/MT5 plus cTrader.
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 0.00 pips vs 0.70 pips for CMC Markets, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
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 |
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
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. One concrete differentiator: CMC Markets requires a lower minimum deposit.
FP Markets starts from 0 pips, tighter than CMC Markets's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
CMC Markets has no minimum deposit, 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. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: CMC Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
CMC Markets lists maximum leverage of 30:1, 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.
FP Markets charges $6 per lot on commission-based accounts. Commission details for CMC Markets are not currently available. Check their website for up-to-date pricing.
CMC Markets supports ProRealTime, Proprietary Web/Mobile, MetaTrader 4, while FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 4. CMC Markets has exclusive access to ProRealTime and Proprietary Web/Mobile. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView.
