FP Markets
mBank
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
Choosing between FP Markets and mBank depends on your trading style, preferred markets, and budget. FP Markets is headquartered in Sydney, Australia, while mBank operates from Warsaw, Poland. mBank has the longer track record, established in 2000, compared to FP Markets which was founded in 2005. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FP Markets
mBank
FP Markets is the better choice overall, scoring 3.8/5 vs 3.3/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
FP Markets
3.8 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
FP Markets
2 vs 1 licences
Min. Deposit
mBank
$100 vs $0
FP Markets
mBank
FP Markets
mBank
Lower feesFP Markets holds licences from ASIC, CySEC. mBank is regulated by KNF.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. FP Markets additionally covers Commodities. mBank adds Etf.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Mobile.
FP Markets requires a minimum deposit of $100, while mBank sets no minimum deposit. This makes mBank accessible to traders with any budget.
BrokerRank scores FP Markets at 3.84/5 and mBank at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FP Markets leads overall with a clear advantage.
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs mBank's 3.3/5. 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 mBank starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. mBank requires $0.
FP Markets is regulated by ASIC, CySEC, while mBank holds licences from KNF.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.