FXTM vs FPMarkets Broker Comparison

Are you trying to figure out which is a better broker, FXTM or FPMarkets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXTM is the better of the two. FXTM offers 250+ instruments, licenses from FCA, CySec, FSCA, FSC, and fair trading fees.

In the tables below, you can compare the features of FXTM and FPMarkets 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 FXTM higher than FPMarkets.

Rating
96.5/100
94.8/100
Min. Deposit
10$
100$
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
CySecCySec
ASICASIC
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
No Information
Min. Spread
1.2
1.1
Max. Leverage
1:2000
1:500
Currency Pairs
59
61
Trading Instruments
250+
10,000+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile, WebTrader
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Type of Brokers
Market Maker/ECN
STP/ECN/DMA
Customer Support
N/A
24/5
Language Support
17
11
Established
2013
2005, HQ in Sydney
Used By
1,800,000 Traders
100,000+ Traders

Does FXTM or FPMarkets 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 FXTM and FPMarkets are, we first considered the common fees on Standard Accounts. At FXTM the average spread for the EUR/USD currency pair is 1.2 pips, whilst at FPMarkets the spread is 1.1.

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

When it comes to non-trading fees, FXTM charges for inactivity, withdrawal. FPMarkets charges for deposit, 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 FXTM is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXTM or FPMarkets?

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.

FXTM is regulated by FCA, CySec, FSCA, FSC and offers client protection. FPMarkets is regulated by CySec, ASIC and offers client protection.

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

Broker summary

How many trading instruments are available at FXTM and FPMarkets?

FXTM provides traders with 250+ instruments. This includes 59 currency pairs, 4 cryptocurrencies, and 170 stocks and shares. With FXTM, you can also trade CFDs.

In comparison, FPMarkets boasts 10,000+ tradable instruments. FPMarkets offers 61 currency pairs, 5 cryptocurrencies, and 10,000 stocks and shares. FPMarkets also allows CFD trading.

As FPMarkets has 10,000+ and FXTM has 250+, a difference of 240, this shows that FPMarkets offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXTM or FPMarkets?

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.

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

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

Research Tools

Which is better for beginners, FXTM or FPMarkets?

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 FPMarkets is the better broker for beginner traders as it offers a larger range of educational tools and materials. FPMarkets also has a minimum deposit of $.

Educational Features

Which broker is better overall?

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

FXTM vs FPMarkets
FXTM
96.5
Points
FPMarkets
94.8
Points
Overall
2 points
FXTM
94
Points
FPMarkets
93
Points
Commissions & Fees
1 points
FXTM
92
Points
FPMarkets
96
Points
Licensing & Safety
4 points
FXTM
88
Points
FPMarkets
95
Points
Trading Platforms & Tools
7 points
FXTM
99
Points
FPMarkets
95
Points
Payments
4 points
FXTM
97
Points
FPMarkets
94
Points
Customer Service
3 points
FXTM
91
Points
FPMarkets
96
Points
Educational
5 points
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