FP Markets
FxOpen
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In this broker comparison, we delve into FP Markets and FxOpen, two established brokers founded in 2005, each with distinct offerings to cater to different trader needs. FP Markets, headquartered in Sydney and regulated by ASIC and CySEC, appeals to traders seeking a comprehensive range of markets with the added benefit of TradingView support and low spreads starting from 0 pips. Conversely, FxOpen, based in London and regulated by the FCA and ASIC, is ideal for traders prioritising a low entry barrier with a minimum deposit of just $1 and access to the cTrader platform. Both brokers offer high leverage up to 1:500, but differ in their commission structures and platform options, making them suitable for varying trading strategies and preferences.
FP Markets
FxOpen
| FP Markets | FxOpen | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.7/5 |
| Min. Deposit | $100 | $1 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | FCA, ASIC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, cTrader |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
FxOpen
WinnerFP Markets
FxOpen
Lower fees
FP Markets
3.8/5
Choose FP Markets if you want…
FxOpen
3.7/5
Choose FxOpen if you want…
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs FxOpen's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FP Markets offers spreads from 0 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. FxOpen requires $1.
FP Markets is regulated by ASIC, CySEC, while FxOpen holds licences from FCA, ASIC.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.