Forex.com vs FP Markets 2026: Which Broker is Better?

Regulation & Safety

Forex.com is a well-established broker with a strong regulatory framework, holding licences from the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the USA, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This extensive regulatory coverage ensures a high level of safety and trust, especially given its association with StoneX Group, a publicly listed company. Clients' funds are safeguarded through robust protection schemes, adding an extra layer of security.

FP Markets is regulated by two respected authorities: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). While these regulators are reputable, FP Markets lacks the broader global reach seen with Forex.com. The broker offers competitive fund protection schemes, although it is less prominent than Forex.com in terms of international client reassurance.

Fees & Spreads

Forex.com offers spreads starting at 0.8 pips without any commission, making it an attractive option for traders who prefer straightforward pricing. However, its spreads are generally wider than those offered by ECN brokers. The minimum deposit required is $100, and while this is in line with industry standards, it may be a barrier for traders seeking lower entry points. Forex.com also charges an inactivity fee, which could be a disadvantage for infrequent traders.

FP Markets provides a more competitive fee structure with spreads starting at 0 pips on its Raw account, although this comes with a commission of $3 per lot. The minimum deposit is also set at $100, allowing for accessible entry. FP Markets does not impose an inactivity fee, offering a cost-effective solution for traders who may not be active at all times. However, the commission charges could add up for high-frequency traders.

Trading Platforms

Forex.com supports a robust suite of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own proprietary web and mobile platforms. These platforms offer comprehensive market research tools and advanced trading features. FP Markets, on the other hand, supports MT4, MT5, TradingView, and a proprietary mobile platform. The inclusion of TradingView is a notable advantage for traders who prioritise advanced charting tools and community-driven insights.

Who Should Choose Forex.com?

• US-based traders who require CFTC regulation.
• Traders seeking comprehensive market research tools.
• Clients preferring a publicly listed parent company for added security.
• Traders looking for a range of platform options, including proprietary solutions.

Who Should Choose FP Markets?

• Traders prioritising tight spreads with minimal starting costs.
• Clients who utilise TradingView for advanced charting.
• Traders comfortable with commission-based trading on Raw accounts.
• Those seeking high leverage options up to 1:500.

Our Verdict

For beginners, Forex.com is the preferred choice due to its extensive regulatory oversight and strong market research tools. Professional traders may lean towards FP Markets for its competitive spreads and high leverage. In terms of fees, FP Markets stands out with its zero spread offerings on Raw accounts, despite the commission charges.