FP Marketsvs
SpreadexForex Broker Comparison
In this head-to-head, FP Markets offers raw pricing and broad platform support, while Spreadex centers on UK spread betting with a TradingView-backed experience. Axis is cost, access, and platform choice.
Who should choose FP Markets vs Spreadex?
Find out which broker best suits your trader profile.
Choose if…
Choose FP Markets if you want true ECN pricing with 0.0 pip spreads and a $6 round-turn commission, alongside direct access to MT4, MT5 and cTrader for versatile trading. You also benefit from IRESS for direct share CFD trading and strong regulation.
Choose if…
Choose Spreadex if you prefer a UK FCA-regulated spread betting environment with access to 10,000+ markets and a TradingView powered browser and mobile trading experience. MT4/MT5 are not available, and the platform leans toward a proprietary or spread-betting workflow.
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
FP Markets vs Spreadex: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.5 / 5 |
FP Markets vs Spreadex 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 Spreadex: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
FP Markets
criteria wins
1
Spreadex
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Spreadex |
|---|---|---|
| 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 | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
FP Markets vs Spreadex: Frequently Asked Questions
FP Markets rates 4.5/5 versus 4/5 for Spreadex. FP Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FP Markets starts from 0 pips, tighter than Spreadex's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Spreadex has no minimum deposit, while FP Markets requires at least $100. This makes Spreadex more accessible for traders with limited starting capital.
Both FP Markets and Spreadex 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: Spreadex has no minimum deposit, removing the capital barrier entirely, 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 Spreadex lists up to 30:1. 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 Spreadex are not currently available. Check their website for up-to-date pricing.
FP Markets supports IRESS, cTrader, MetaTrader 5, TradingView, MetaTrader 4, while Spreadex supports Proprietary Web/Mobile, TradingView. Both provide TradingView. FP Markets has exclusive access to IRESS and cTrader and MetaTrader 5 and MetaTrader 4. Spreadex has exclusive access to Proprietary Web/Mobile.
