FP Markets vs FOREX.com 2025
This FP Markets vs FOREX.com forex broker review found FP Markets has 63 currency pairs from 0 pips and USD 6 commission. FOREX.com has 91 forex pairs with no commission from 0.8 pips and a DMA trading option.
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*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Our comprehensive comparison covers the 10 most important trading factors you need to consider when choosing between FP Markets and Forex.com.
- FP Markets offers lower average spreads across major forex pairs like EUR/USD, GBP/USD, and AUD/USD.
- FOREX.com and FP Markets offer several trading platforms, but only FP Markets has cTrader.
- Forex.com operates on a spread-only pricing model, meaning they don’t charge commissions.
1. FP Markets: Lowest Spreads And Fees
When it comes to the average standard account spreads, there’s a clear distinction between FP Markets, FOREX.com, and the industry average.
FP Markets consistently offers lower spreads across all forex pairs, with an average of 1.2 for EUR/USD and EUR/GBP, and slightly higher for USD/CAD and EUR/JPY at 1.4. This makes it a cost-effective choice for traders who are focused on these pairs. FOREX.com, on the other hand, tends to have higher spreads, with the highest being 1.7 for EUR/JPY. This might be a deterrent for some traders, especially those who trade frequently and are sensitive to cost.
| Standard Account | FP Markets Spreads | FOREX.com Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 1.45 | 1.6 |
| EUR/USD | 1.2 | 1.2 | 1.2 |
| USD/JPY | 1.5 | 1.1 | 1.4 |
| GBP/USD | 1.4 | 1.1 | 1.6 |
| AUD/USD | 1.3 | 1.7 | 1.5 |
| USD/CAD | 1.4 | 2 | 1.8 |
| EUR/GBP | 1.2 | 1.3 | 1.5 |
| EUR/JPY | 1.4 | 1.5 | 1.9 |
| AUD/JPY | 1.6 | 1.7 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
However, when we compare these brokers to the industry average, we see a different story. The industry average spread for AUD/USD is 1.5, slightly higher than FP Markets but lower than FOREX.com. This trend continues across all pairs, with the industry average typically falling between the spreads offered by FP Markets and FOREX.com.
In conclusion, while FP Markets offers the most competitive spreads, it’s important to consider the overall trading environment, including execution speed, ease of use, and leverage available. FOREX.com, despite its higher spreads, might offer other benefits that could outweigh the cost difference. As always, it’s crucial to consider your individual trading needs and strategies when choosing a broker.
To help you see the impact of lower spreads, we added a fee calculator. Select your currency, the trade size, and the pair to check the cost.
Verdict
When comparing spreads and fees, FP Markets comes out on top due to its significantly lower spreads. Although FOREX.com does not charge a commission, the higher spreads could result in higher overall trading costs.
FP Markets ReviewVisit FP Markets
2. FOREX.com: Better Trading Platforms
Both FP Markets and FOREX.com offer MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, automated trading capabilities, and extensive customizability. However, FOREX.com also offers its proprietary trading platform, which provides a unique and intuitive trading experience.
| Trading Platform | FP Markets | FOREX.com |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
Verdict: In terms of trading platforms, FOREX.com takes the lead due to the additional option of its proprietary platform, which can be a deciding factor for some traders.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘76% of retail CFD accounts lose money with FOREX.com’
3. FP Markets: Superior Accounts And Features
FP Markets offers two main account types: the Standard Account and the Raw Account. The Standard Account offers zero commission trading with slightly higher spreads, while the Raw Account offers lower spreads with a commission fee. On the other hand, FOREX.com offers a single account type with customizable leverage and competitive spreads.
| FP Markets | FOREX.com | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
Verdict: When it comes to account types, FP Markets offers more flexibility with its two distinct account types, catering to different trading styles and preferences.
4. FP Markets: Best Trading Experience
When it comes to trading experience, FP Markets is a standout. The platform is incredibly user-friendly, and the execution speed is lightning fast, which is crucial for traders who need to make quick decisions.
- User-friendly interface
- Quick execution speed
- Customisable charts
- Advanced trading tools
Forex.com, while robust, can be a bit overwhelming, especially for beginners. They offer a variety of tools, but the user experience isn’t as smooth or intuitive as FP Markets.
Verdict: If you’re after a seamless trading experience with quick execution and an easy-to-navigate platform, FP Markets is the better choice.
5. FOREX.com: Stronger Trust And Regulation
FOREX.com Trust Score
FP Markets Trust Score
Both FP Markets and FOREX.com are highly regulated brokers, which is a crucial factor in ensuring the safety and security of your funds. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while FOREX.com is regulated by several top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the United States.
Verdict: In terms of trust and regulation, FOREX.com has a slight edge due to its regulation by multiple top-tier regulatory bodies, providing an extra layer of security for traders.
| FP Markets | FOREX.com | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | FCA (UK) CIRO (CANADA) NFA/CFTC (USA) CYSEC (Cyprus) |
| Tier 2 Regulation | JFSA (Japan) | |
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | CIMA (Cayman) |
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘76% of retail CFD accounts lose money with FOREX.com’
6. FP Markets: CFD Product Range And Financial Markets
Both FP Markets and Forex.com offer a broad range of products, but there are some key differences that set them apart.
| Product Type | FP Markets | Forex.com |
|---|---|---|
| Forex Pairs | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Stocks | Yes | No |
| Cryptos | Yes | Yes |
| ETFs | No | Yes |
| Bonds | No | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| CFDs | Yes | Yes |
Verdict: If you’re looking for a more diverse range of CFDs and Markets, FP Markets is the broker for you.
7. FP Markets: Superior Educational Resources
FP Markets offers a comprehensive set of educational resources that include webinars, eBooks, and video tutorials. They also provide in-depth market analysis, which is a valuable resource for both beginners and experienced traders.
- Webinars
- eBooks
- Video Tutorials
- Market Analysis
Forex.com also offers educational resources, but they don’t quite match the depth and breadth of what FP Markets provides.
Verdict: Based on our scores and in-depth analysis, FP Markets offers a more comprehensive and superior set of educational resources.
8. FOREX.com: Better Customer Service
In the realm of customer service, both brokers offer multiple channels of communication. FP Markets provides 24/5 support, while Forex.com goes a step further with 24/7 support.
| Feature | FP Markets | Forex.com |
|---|---|---|
| 24/5 Support | Yes | No |
| 24/7 Support | No | Yes |
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Multilingual | Yes | Yes |
Verdict: If round-the-clock customer support is a priority for you, Forex.com has the edge with their 24/7 support.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘76% of retail CFD accounts lose money with FOREX.com’
9. FP Markets: More Funding Options
FP Markets offers a wide variety of funding options, including credit/debit cards, bank transfers, and several e-wallet services. Forex.com also provides multiple funding options but lacks some of the e-wallet services that FP Markets offers.
| Funding Option | FP Markets | Forex.com |
|---|---|---|
| Credit/Debit Card | ✓ | ✓ |
| Bank Transfer | ✓ | ✓ |
| PayPal | ✓ | ✗ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✓ |
| UnionPay | ✓ | ✗ |
| FasaPay | ✓ | ✗ |
| POLi | ✓ | ✗ |
| BPay | ✓ | ✗ |
| Klarna | ✓ | ✗ |
Verdict: If you’re looking for a broader range of funding options, FP Markets is the clear winner here.
10. FP Markets: Lower Minimum Deposit
FP Markets requires a minimum deposit of $100, making it quite accessible for most traders. Forex.com, however, requires a minimum deposit of $250, which could be a barrier for some, especially those who are new to trading.
| Broker | Minimum Deposit |
|---|---|
| FP Markets | $100 |
| Forex.com | $250 |
Verdict: If a lower minimum deposit is important to you, FP Markets is the better option.
So is FOREX.com or FP Markets the Best Broker?
FP Markets is the winner because it consistently outperforms Forex.com in key areas like lower spreads, better trading platforms, and superior educational resources. The table below summarises the key information leading to this verdict.
| Criteria | FP Markets | Forex.com |
|---|---|---|
| Lowest Spreads And Fees | ✓ | ✗ |
| Better Trading Platform | ✗ | ✓ |
| Superior Accounts And Features | ✓ | ✗ |
| Best Trading Experience And Ease | ✓ | ✗ |
| Stronger Trust And Regulation | ✗ | ✓ |
| Top Product Range And CFD Markets | ✓ | ✗ |
| Superior Educational Resources | ✓ | ✗ |
| Superior Customer Service | ✗ | ✓ |
| Better Funding Options | ✓ | ✗ |
| Lower Minimum Deposit | ✓ | ✗ |
FP Markets: Best For Beginner Traders
For beginner traders, FP Markets is the better choice due to its user-friendly platform and educational resources.
FP Markets: Best For Experienced Traders
For experienced traders, FP Markets offers more advanced tools and lower costs.
FAQs Comparing FP Markets vs FOREX.com
Does FOREX.com or FP Markets Have Lower Costs?
FP Markets has lower costs. They offer lower average spreads across major forex pairs. For example, the EUR/USD spread can go as low as 0.1 pips. For more information on low spreads, check out our list of Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
FP Markets is the superior choice for MetaTrader 4 users. They offer a seamless MT4 experience with customisable charts and quick execution speeds. For more details, visit our best MT4 brokers page.
Which Broker Offers Social Trading?
Neither FP Markets nor Forex.com offer social or copy trading. However, there are other brokers that do. For more information, you can visit our best copy trading platforms.
Does Either Broker Offer Spread Betting?
No, neither FP Markets nor Forex.com offer spread betting. If you’re interested in spread betting, you can check out our best spread betting brokers.
What Broker is Superior For Australian Forex Traders?
In my opinion, FP Markets is superior for Australian Forex traders. They are ASIC regulated and founded in Australia. For more details, check out our Best Forex Brokers In Australia page.
What Broker is Superior For UK Forex Traders?
For UK traders, Forex.com is the better choice. They are FCA regulated and have a strong presence in the UK market. For more information, visit our best UK Forex brokers page.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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