CMC Markets vs FP Markets 2026: Which Broker is Better?
In comparing CMC Markets and FP Markets, the key difference lies in their trading platforms and fee structures. CMC Markets, with its award-winning Next Generation platform and a broad range of over 10,000 instruments, appeals to traders seeking a robust, feature-rich environment without a minimum deposit requirement. In contrast, FP Markets offers competitive spreads starting at 0.0 pips on its Raw accounts, making it attractive to cost-conscious traders who prioritise low trading costs, although they require a minimum deposit of $100. Both brokers offer high leverage of up to 1:500, catering to both beginner and experienced traders, but CMC Markets' strong regulatory profile may provide additional peace of mind for those prioritising security.
CMC Markets
FP Markets
| CMC Markets | FP Markets | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.8/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0.7 pips | 0 pips ✓ |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, TradingView |
CMC Markets is the better choice overall, scoring 4.0/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowCMC Markets vs FP Markets: Key Differences
CMC Markets
WinnerFP Markets
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Fees Comparison
CMC Markets
FP Markets
BrokerRank Verdict
Regulation & Safety
CMC Markets is a highly regulated broker with oversight from the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This strong regulatory framework ensures enhanced client protection, including segregated client funds and participation in compensation schemes like the Financial Services Compensation Scheme (FSCS) in the UK. This provides a robust safety net, making it a reliable choice for traders prioritising security.
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). While these regulatory bodies ensure a certain level of client fund protection and operational transparency, FP Markets does not offer the same comprehensive compensation schemes as CMC Markets. However, the broker does maintain segregated accounts to safeguard client funds.
Fees & Spreads
CMC Markets offers spreads starting from 0.7 pips on major forex pairs, with no commission fees, making it appealing for traders seeking a commission-free trading environment. However, some instruments within their extensive offering of over 10,000 products may have higher spreads. The broker does not require a minimum deposit, which lowers the entry barrier for new traders. An inactivity fee is imposed if accounts remain dormant for over 12 months.
FP Markets boasts spreads starting from 0.0 pips on its Raw account, but this comes with a commission of $3 per lot, per side. The minimum deposit is $100, which is accessible but higher than CMC Markets' $0 requirement. Overnight fees apply, and traders should be aware of these costs when planning their strategies. FP Markets is competitive in terms of low-cost trading, especially for forex traders who prefer tighter spreads.
Trading Platforms
CMC Markets offers its proprietary Next Generation platform, known for its intuitive interface and advanced charting tools, alongside MetaTrader 4 (MT4). The platform is highly praised in the industry for its customisation and accessibility. FP Markets, on the other hand, provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, catering to both traditional and modern trading preferences. TradingView integration is particularly beneficial for traders who rely on community-driven insights and advanced charting capabilities.
Who Should Choose CMC Markets?
- Traders seeking a broker with strong regulatory credentials and safety measures.
- Investors interested in a wide range of instruments, including over 10,000 CFDs.
- Traders who prefer a platform with comprehensive charting tools and customisation options.
- Clients who do not want to commit a minimum deposit.
Who Should Choose FP Markets?
- Forex traders looking for low spreads starting from 0.0 pips on Raw accounts.
- Traders who prefer using TradingView alongside MT4 and MT5.
- Investors seeking low initial deposit requirements of just $100.
- Traders who do not mind paying a commission in exchange for tighter spreads.
Our Verdict
For beginners, CMC Markets is preferable due to its strong regulatory backing and user-friendly platform. Professional traders might favour FP Markets for its competitive spreads and platform variety. On fees, FP Markets offers lower spread costs, while CMC Markets is advantageous for commission-free trading.
Who Should Choose Which?
CMC Markets
4.0/5
Choose CMC Markets if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- No minimum deposit
- More regulatory licences (3)
FP Markets
3.8/5
Choose FP Markets if you want…
- Tighter spreads (from 0 pips)
- More platforms (4 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both CMC Markets & FP Markets are available in
Frequently Asked Questions
1Is CMC Markets better than FP Markets?
CMC Markets scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 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.
2Which has lower fees, CMC Markets or FP Markets?
CMC Markets offers spreads from 0.7 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for CMC Markets vs FP Markets?
CMC Markets requires a minimum deposit of $0. FP Markets requires $100.
4Which broker is safer, CMC Markets or FP Markets?
CMC Markets is regulated by FCA, ASIC, MAS, while FP Markets holds licences from ASIC, CySEC.
5What trading platforms do CMC Markets and FP Markets support?
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both CMC Markets and FP Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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