FP Marketsvs
FXCMForex Broker Comparison
FP Markets and FXCM compete on regulation, pricing, and platform availability. The axis of tension is whether strong governance and raw pricing outweigh platform breadth.
Our Verdict
FP Markets winsby 0.4 pts
FP Markets outperforms FXCM on editorial score, driven by stronger regulation, pricing transparency, and broader platform support.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers raw spreads; FXCM provides no raw spreads.
- 2FXCM charges an inactivity fee; FP Markets has no inactivity fee.
- 3FP Markets has 10,000 instruments; FXCM offers 400.
Who should choose FP Markets vs FXCM?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want true ECN pricing from 0.0 pips with a $6 per lot commission. You also avoid inactivity fees and gain access to about 10,000 instruments.
Choose FXCM if…
Choose FXCM if you prefer a proprietary Trading Station alongside MT4. There is an inactivity fee and the instrument count is about 400.
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 0.40 pips for FXCM, reducing trading costs.
Best for safety & regulation
FP Markets vs FXCM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.1 / 5 |
FP Markets vs FXCM Forex Broker Pros & Cons
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
FP Markets vs FXCM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FP Markets
criteria wins
1
FXCM
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | FXCM |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| 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 |
FP Markets vs FXCM: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and FXCM rates 4.1/5. 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 FXCM's 0.4 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FXCM has $50, while FP Markets requires at least $100. This makes FXCM more accessible for traders with limited starting capital.
Both FP Markets and FXCM 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: FXCM requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while FXCM lists up to 400:1. 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 FXCM are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader. Both provide MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and NinjaTrader.
