FP Markets vs mBank 2026: Which Broker is Better?
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 | mBank | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, CySEC ✓ | KNF |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, mBank Trader |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets vs mBank: Key Differences
FP Markets
mBank
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Fees Comparison
FP Markets
mBank
Lower feesRegulation & Trust
FP Markets holds licences from ASIC, CySEC. mBank is regulated by KNF.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. FP Markets additionally covers Commodities. mBank adds Etf.
Trading Platforms
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Mobile.
Minimum Deposit
FP Markets requires a minimum deposit of $100, while mBank sets no minimum deposit. This makes mBank accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Higher overall rating (3.8/5)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
mBank
3.4/5
Choose mBank if you want…
- No minimum deposit
- More established (est. 2000)
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 & mBank are available in
Frequently Asked Questions
1Is FP Markets better than mBank?
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs mBank's 3.4/5. 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 mBank?
FP Markets offers spreads from 0 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs mBank?
FP Markets requires a minimum deposit of $100. mBank requires $0.
4Which broker is safer, FP Markets or mBank?
FP Markets is regulated by ASIC, CySEC, while mBank holds licences from KNF.
5What trading platforms do FP Markets and mBank support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
6Can I use both FP Markets and mBank?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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