Forex.comvs
FP MarketsForex Broker Comparison
Two forex brokers clash over regulation, costs, and platform reach, exposing different priorities for traders. The outcome hinges on how each weighs pricing versus platform breadth.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets edges Forex.com on the editorial score, 4.5 vs 4.2. It offers true ECN pricing from 0 pips with $6/lot and broad platforms including MT4/MT5/cTrader/TradingView/IRESS, while Forex.com has higher min deposit and $7/lot with MT4/MT5 and a proprietary platform.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Forex.com accepts US retail forex clients.
- 2True ECN pricing from 0 pips.
- 3Instrument variety: FP Markets 10,000 vs Forex.com 400.
Who should choose Forex.com vs FP Markets?
Find out which broker best suits your trader profile.
Choose Forex.com if…
Choose Forex.com if you value access for US clients and a proprietary Web/Mobile platform.
Choose FP Markets if…
Choose FP Markets if you want true ECN pricing from 0 pips with $6/lot and a broad platform lineup including MT4/MT5/cTrader/TradingView/IRESS.
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 1.00 pips for Forex.com, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
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▲ |
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)
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
The scores are close: Forex.com rates 4.2/5 and FP Markets rates 4.5/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0 pips, tighter than Forex.com's 1 pips. Tighter spreads lower the cost per trade, which matters most 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. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
Forex.com lists maximum leverage of 50:1, 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, lower than Forex.com's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Forex.com supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Forex.com has exclusive access to Proprietary Web/Mobile. FP Markets has exclusive access to cTrader and IRESS and TradingView.
