Forex.com vs FP Markets Forex Broker Comparison
A head-to-head comparison of Forex.com and FP Markets across regulation, trading costs, platforms, and editorial scoring.
One of very few brokers accepting US retail forex clients, with deep research tools and competitive raw spreads for professional accounts.
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
FP Markets winsby 0.3 pts
FP Markets edges ahead with a score of 4.5/5 vs Forex.com's 4.2/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 1 pips for Forex.com, 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: tighter spreads from 0 pips, lower commission ($6/lot).
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
FP Markets edges out Forex.com with a higher editorial score (4.5/5 vs 4.2/5), indicating a stronger overall experience for new traders.
Forex.com vs FP Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.6 / 5▲ |
Fees & Spreads 30% weight | 4.2 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 4.1 / 5 | 4.4 / 5▲ |
Customer Support 10% weight | 4.0 / 5 | 4.3 / 5▲ |
| Founded | 1999 | 2005 |
| Headquarters | Bedminster, New Jersey, USA | Sydney, Australia |
| Min deposit | $100 | $100 |
| Spreads from | 1 pips | 0 pips |
| Commission / lot | $7/lot | $6/lot |
| Max leverage | 50:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC CFTC MAS NFA IIROC | ASIC CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS |
| Active bonuses | ||
| Visit broker | Visit Forex.com | Visit FP Markets |
Forex.com vs FP Markets Forex Broker Pros & Cons
Pros
One of the few brokers accepting US retail forex clients
Deep research tools including macro analysis
Raw spread account with competitive $7 round-turn commission
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
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
$100 minimum deposit is higher than some peers
US clients restricted to 50:1 leverage on major pairs
Raw account pricing not available in all jurisdictions
Inactivity fee applies
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
Forex.com vs FP Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Forex.com
criteria win
1
FP Markets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Forex.com | 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 | Pass | 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 |
Forex.com vs FP Markets: Frequently Asked Questions
Based on our independent editorial scoring, FP Markets ranks higher with a score of 4.5/5 vs 4.2/5 for Forex.com. The best choice still depends on your individual trading needs; Forex.com and FP Markets may each suit different trader profiles.
FP Markets offers tighter spreads starting from 0 pips, compared to Forex.com's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Both Forex.com and FP Markets require a minimum deposit of $100 to open a live trading account.
Both Forex.com 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: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Forex.com offers maximum leverage of 50:1, 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, lower than Forex.com's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Forex.com supports MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile and FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS; both support MetaTrader 4, MetaTrader 5; Forex.com exclusively offers Proprietary Web/Mobile; FP Markets exclusively offers cTrader, TradingView, IRESS.
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