FP Markets vs FxOpen 2026: Which Broker is Better?
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 vs FxOpen: Key Differences
FP Markets
FxOpen
WinnerStill deciding between FP Markets and FxOpen?
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Fees Comparison
FP Markets
FxOpen
Lower feesBrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Higher overall rating (3.8/5)
- More market types (6)
- More platforms (4 supported)
FxOpen
3.7/5
Choose FxOpen if you want…
- Lower minimum deposit ($1)
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 FP Markets & FxOpen are available in
Frequently Asked Questions
1Is FP Markets better than FxOpen?
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.
2Which has lower fees, FP Markets or FxOpen?
FP Markets offers spreads from 0 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs FxOpen?
FP Markets requires a minimum deposit of $100. FxOpen requires $1.
4Which broker is safer, FP Markets or FxOpen?
FP Markets is regulated by ASIC, CySEC, while FxOpen holds licences from FCA, ASIC.
5What trading platforms do FP Markets and FxOpen support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
6Can I use both FP Markets and FxOpen?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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