FP Marketsvs
FXOpenForex Broker Comparison
FP Markets and FXOpen clash on regulation, pricing, and platform access. The strengths pull in different directions, inviting closer scrutiny.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets holds the higher editorial score over FXOpen. FXOpen remains competitive on cost and regulation but trails in the overall score.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1IRESS platform access for share CFDs is available at FP Markets.
- 2FXOpen implements triple regulation FCA, CySEC, and ASIC.
- 3FXOpen charges $3/lot ECN vs FP Markets $6/lot.
Who should choose FP Markets vs FXOpen?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you value IRESS access and broad instrument coverage.
Choose FXOpen if…
Choose FXOpen if you value triple regulation and the ECN commission of $3/lot.
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
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
It’s a tie
Both equally suited
FP Markets vs FXOpen: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.5 / 5 |
FP Markets vs FXOpen 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 FXOpen: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FP Markets
criteria win
0
FXOpen
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | FXOpen |
|---|---|---|
| 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 | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
FP Markets vs FXOpen: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and FXOpen rates 4.2/5. 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.
Both FP Markets and FXOpen start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both FP Markets and FXOpen require a minimum deposit of $100 to open a live trading account.
Both FP Markets and FXOpen 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.
FP Markets lists maximum leverage of 500:1, while FXOpen 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.
FXOpen charges $3 per lot, lower than FP Markets's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while FXOpen supports cTrader, MetaTrader 5, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to IRESS and TradingView.
