FP Markets vs FxPro 2026: Which Broker is Better?

Regulation & Safety

FP Markets, established in 2005 and headquartered in Sydney, Australia, is primarily regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies are well-respected globally, ensuring a robust framework for trader protection. FP Markets offers fund protection schemes under ASIC and CySEC regulations, providing clients with a secure trading environment.

FxPro, founded in 2006 and based in London, UK, is regulated by the Financial Conduct Authority (FCA), ASIC, and CySEC. The FCA is known for its stringent regulatory standards, providing traders with a high level of safety and transparency. FxPro also offers negative balance protection, which safeguards clients from losing more than their initial deposit.

Fees & Spreads

FP Markets offers competitive spreads starting from 0.0 pips on its Raw account, with a commission of $3 per lot. This makes it attractive for traders seeking low-cost transactions, especially in forex trading. The minimum deposit required is $100, with a maximum leverage of 1:500. However, traders should be aware of overnight fees that could apply depending on the asset class.

In contrast, FxPro provides spreads starting from 0.6 pips with no commission on standard accounts, which may appeal to traders who prefer commission-free trading. The minimum deposit is also $100, and the broker offers maximum leverage of 1:500. While FxPro's spreads are higher, the absence of commissions on standard accounts can offset costs for some traders.

Trading Platforms

FP Markets supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with TradingView and its proprietary mobile app. This variety caters to both novice and experienced traders. FxPro also offers MT4 and MT5, alongside its proprietary web and mobile platforms, which are known for user-friendly interfaces and reliability. Both brokers provide robust trading platforms, but FP Markets' inclusion of TradingView is a notable advantage for traders focused on technical analysis.

Who Should Choose FP Markets?

• Traders seeking the lowest possible spreads on forex trading.
• Investors using TradingView for advanced charting and analysis.
• Clients looking for a broker regulated by ASIC with a low minimum deposit.
• Experienced traders who prefer a commission-based pricing model.

Who Should Choose FxPro?

• Traders who prioritise regulation by the FCA for peace of mind.
• Individuals preferring commission-free trading on standard accounts.
• Clients interested in negative balance protection for added security.
• Traders looking for a broker with a strong industry reputation.

Our Verdict

For beginners, FxPro is the preferred choice due to its robust regulatory standing and no commission on standard accounts. For professional traders, FP Markets is the better option given its lower spreads and support for TradingView. On fees, FP Markets offers a more cost-effective trading environment with its 0.0 pip spreads on Raw accounts.