FP Marketsvs
SkillingForex Broker Comparison
This matchup pits FP Markets against Skilling on regulation, pricing, and platforms. Regulators and cost structures pull in different directions, creating a clear tension for traders.
Our Verdict
FP Markets winsby 0.4 pts
FP Markets edges Skilling on editorial score due to true ECN pricing and broader instrument access.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1True ECN pricing from 0.0 pips with $6/lot commission.
- 2Instruments: FP Markets 10,000 vs Skilling 1,000.
- 3Proprietary platform: Skilling Trader; FP Markets has none.
Who should choose FP Markets vs Skilling?
Find out which broker best suits your trader profile.
Choose FP Markets if…
FP Markets: Choose FP Markets if you want true ECN pricing from 0.0 pips plus $6/lot and broad instrument access. You also get phone support and MT4, MT5, cTrader, TradingView, and IRESS. Skilling: Choose Skilling if you want a modern proprietary Skilling Trader and access to cTrader with raw spreads from 0.0 pips. No phone support is offered.
Choose if…
FP Markets: Choose FP Markets if you want true ECN pricing from 0.0 pips plus $6/lot and broad instrument access. You also get phone support and MT4, MT5, cTrader, TradingView, and IRESS. Skilling: Choose Skilling if you want a modern proprietary Skilling Trader and access to cTrader with raw spreads from 0.0 pips. No phone support is offered.
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 0.70 pips for Skilling, reducing trading costs.
Best for safety & regulation
FP Markets vs Skilling: 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▲ | 4.3 / 5 |
FP Markets vs Skilling 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 Skilling: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FP Markets
criteria win
1
Skilling
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Skilling |
|---|---|---|
| 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 | Pass |
| 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 Skilling: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and Skilling 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 Skilling's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Both FP Markets and Skilling require a minimum deposit of $100 to open a live trading account.
Both FP Markets and Skilling 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 Skilling 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 on commission-based accounts. Commission details for Skilling are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Skilling supports cTrader, Skilling Trader, MetaTrader 4. Both provide cTrader and MetaTrader 4. FP Markets has exclusive access to IRESS and MetaTrader 5 and TradingView. Skilling has exclusive access to Skilling Trader.
