FPMarkets vs FOREX.com Broker Comparison

Home » FPMarkets vs FOREX.com Broker Comparison

Are you trying to figure out which is a better broker, FPMarkets or FOREX.com? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FOREX.com is the better of the two. FOREX.com offers 4,500+ instruments, licenses from FCA, ASIC, CIMA, IIROC, and fair trading fees.

In the tables below, you can compare the features of FPMarkets and FOREX.com side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FOREX.com higher than FPMarkets.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
fpmarketsForex.com
OPEN ACCOUNTReviewReview
RATING94.8/10095.5/100
MIN. DEPOSIT100$100$
REGULATED BYeurope australiauk australia cayman-islands canada
BONUSNo InformationCheck Website
MIN. SPREAD1.10.8
MAX. LEVERAGE1:5001:400
CURRENCY PAIRS6191
TRADING INSTRUMENTS10,000+4,500+
TRADING PLATFORMSMT4, MT5, Mobile, WebTraderMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and moreBank transfer, Visa, MasterCard, PayPal and more
TYPE OF BROKERSSTP/ECN/DMAMarket Maker/DMA
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT111
ESTABLISHED2005, HQ in Sydney2001
USED BY100,000+ Traders100,000+ Traders

Does FPMarkets or FOREX.com have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FPMarkets and FOREX.com are, we first considered the common fees on Standard Accounts. At FPMarkets the average spread for the EUR/USD currency pair is 1.1 pips, whilst at FOREX.com the spread is 0.8.

This shows that FOREX.com is the better option for low-cost forex trading.

When it comes to non-trading fees, FPMarkets charges for deposit, withdrawal. FOREX.com charges for inactivity, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FOREX.com is the better option.

Trading Fees*

TYPE OF FEEFPMARKETSFOREX.COM
Minimum Spread EURUSD (pips)1.10.8
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFPMARKETSFOREX.COM
Account FeesNN
Inactivity FeesNY
Deposit FeesYN
Withdrawal FeesYY

Which broker is safer, FPMarkets or FOREX.com?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FPMarkets is regulated by CySec, ASIC and offers client protection. FOREX.com is regulated by FCA, ASIC, CIMA, IIROC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FOREX.com is the safer broker.

Broker summary

FPMARKETSFOREX.COM
Minimum Deposit (USD $)100100
LicensesCySec, ASICFCA, ASIC, CIMA, IIROC
Max. Leverage1:5001:400
Client ProtectionYY
Broker TypeSTP/ECN/DMAMarket Maker/DMA
Number of Instruments10,000+4,500+
Currency Pairs6191
Stocks10,0004,500
Cryptocurrencies58
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and moreBank transfer, Visa, MasterCard, PayPal and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at FPMarkets and FOREX.com?

FPMarkets provides traders with 10,000+ instruments. This includes 61 currency pairs, 5 cryptocurrencies, and 10,000 stocks and shares. With FPMarkets, you can also trade CFDs.

In comparison, FOREX.com boasts 4,500+ tradable instruments. FOREX.com offers 91 currency pairs, 8 cryptocurrencies, and 4,500 stocks and shares. FOREX.com also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

INSTRUMENTFPMARKETSFOREX.COM
Currency Pairs6191
Commodities311
Precious Metals47
Indices2021
Stocks and Shares10,0004,500
Cryptocurrencies58
Options00
ETFs11

Which broker offers the best trading platform, FPMarkets or FOREX.com?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FPMarkets provides you with the ability to trade via 4 trading platforms, and FOREX.com has 3 trading platforms. Both brokers also offer research and trading tools, however FOREX.com has more.

Overall, our experts agree that FPMarkets boasts the better trading platform offering.

Research Tools

TOOLFPMARKETSFOREX.COM
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsYY
Sentiment ChartsYY
Economic CalendarYY

Which is better for beginners, FPMarkets or FOREX.com?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FOREX.com is the better broker for beginner traders as it offers a larger range of educational tools and materials. FOREX.com also has a minimum deposit of $.

Educational Features

FEATUREFPMARKETSFOREX.COM
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsNY
YouTube VideosYY
Trading AcademyNY
Trading GlossaryYY

Which broker is better overall?

Overall, our tested reviewing methodology proves that FOREX.com is the better broker in a range of key areas. You can learn more by reading our FPMarkets and FOREX.com reviews.

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