FP Markets vs Skilling Forex Broker Comparison
A head-to-head comparison of FP Markets and Skilling 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
Modern Swedish-founded broker with CySEC and FCA regulation, a visually polished proprietary platform, and cTrader for advanced traders - well-positioned for EU retail clients seeking a contemporary alternative to legacy MetaTrader brokers.
Our Verdict
FP Markets winsby 0.4 pts
FP Markets edges ahead with a score of 4.5/5 vs Skilling's 4.1/5. 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
Recommended
FP Markets offers tighter spreads from 0 pips vs 0.7 pips for Skilling, reducing trading costs.
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 active traders
Recommended
FP Markets has a cost edge: tighter spreads from 0 pips.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
FP Markets edges out Skilling with a higher editorial score (4.5/5 vs 4.1/5), indicating a stronger overall experience for new traders.
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 |
Fees & Spreads 30% weight | 4.5 / 5▲ | 4.2 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.3 / 5 |
Customer Support 10% weight | 4.3 / 5▲ | 4.1 / 5 |
| Founded | 2005 | 2016 |
| Headquarters | Sydney, Australia | Valletta, Malta |
| Min deposit | $100 | $100 |
| Spreads from | 0 pips | 0.7 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC CySEC | FCA FSCA CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 cTrader Skilling Trader |
| Active bonuses | ||
| Visit broker | Visit FP Markets | Visit Skilling |
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
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
Clean modern Skilling Trader platform - excellent UX for new-to-intermediate traders
cTrader available with raw spreads from 0.0 pips
CySEC and FCA regulation with EU and UK investor protections
Growing Latin American presence with local-language support
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform 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 standard accounts
Newer broker - less track record than IG or Pepperstone
Product range narrower than multi-asset brokers
No phone support
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
Based on our independent editorial scoring, FP Markets ranks higher with a score of 4.5/5 vs 4.1/5 for Skilling. The best choice still depends on your individual trading needs; FP Markets and Skilling may each suit different trader profiles.
FP Markets offers tighter spreads starting from 0 pips, compared to Skilling's spreads from 0.7 pips. Tighter spreads lower the cost per trade, particularly valuable 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. 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 Skilling 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.
FP Markets charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS and Skilling offers MetaTrader 4, cTrader, Skilling Trader; both support MetaTrader 4, cTrader; FP Markets exclusively offers MetaTrader 5, TradingView, IRESS; Skilling exclusively offers Skilling Trader.
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Score 4.1 / 5
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