Binance
FP Markets
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In this "Binance vs FP Markets" broker comparison, we delve into the distinct offerings of these two platforms. Binance, headquartered in the Cayman Islands, is renowned as the largest crypto exchange by volume, appealing primarily to cryptocurrency traders with its extensive selection and low trading fees. Conversely, FP Markets, based in Sydney and regulated by ASIC, attracts forex and CFD traders seeking tight spreads and robust platform options like MT4 and TradingView. While Binance offers advanced tools for seasoned crypto enthusiasts, FP Markets provides a more traditional trading environment with comprehensive regulatory oversight.
Binance
FP Markets
| Binance | FP Markets | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.8/5 ✓ |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.1 pips | 0 pips ✓ |
| Max Leverage | 1:125 | 1:500 ✓ |
| Regulation | FCA | ASIC, CySEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowBinance
FP Markets
WinnerBinance
FP Markets
Binance
3.4/5
Choose Binance if you want…
FP Markets
3.8/5
Choose FP Markets if you want…
FP Markets scores higher overall on our independent rating system. Binance holds a 3.4/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Binance offers spreads from 0.1 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
Binance requires a minimum deposit of $0. FP Markets requires $100.
Binance is regulated by FCA, while FP Markets holds licences from ASIC, CySEC.
Binance supports Proprietary Web, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.