FP Markets vs FXOpen Forex Broker Comparison
A head-to-head comparison of FP Markets and FXOpen across regulation, trading costs, platforms, and editorial scoring.
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.
VS
Triple-regulated ECN specialist (FCA, CySEC, ASIC) and early cTrader adopter with one of the lowest commission structures in retail ECN - $1.5 per side per lot - making it highly cost-effective for active traders.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets edges ahead with a score of 4.5/5 vs FXOpen'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
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
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 platform choice
Recommended
FP Markets offers more exclusive platform options: TradingView, IRESS.
Best for beginners
Recommended
FP Markets edges out FXOpen with a higher editorial score (4.5/5 vs 4.2/5), indicating a stronger overall experience for new traders.
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 |
Fees & Spreads 30% weight | 4.5 / 5 | 4.8 / 5▲ |
Platforms & Tools 20% weight | 4.4 / 5 | 4.4 / 5 |
Customer Support 10% weight | 4.3 / 5▲ | 4.0 / 5 |
| Founded | 2005 | 2003 |
| Headquarters | Sydney, Australia | London, United Kingdom |
| Min deposit | $100 | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot | $3/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC CySEC | FCA ASIC CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 cTrader |
| Active bonuses | ||
| Visit broker | Visit FP Markets | Visit FXOpen |
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
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
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission - one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
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
Multilingual customer support
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
Cons
$100 minimum deposit on ECN accounts
Less brand recognition than larger competitors
Customer support coverage narrower than global tier-1 brokers
No proprietary platform
No phone support
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
Based on our independent editorial scoring, FP Markets ranks higher with a score of 4.5/5 vs 4.2/5 for FXOpen. The best choice still depends on your individual trading needs; FP Markets and FXOpen may each suit different trader profiles.
Both FP Markets and FXOpen offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating 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. 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.
FP Markets offers maximum leverage of 500:1, while FXOpen 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.
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 MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS and FXOpen offers MetaTrader 4, MetaTrader 5, cTrader; both support MetaTrader 4, MetaTrader 5, cTrader; FP Markets exclusively offers TradingView, IRESS.
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Score 4.2 / 5
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