FP Markets
Nexo
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
Choosing between FP Markets and Nexo depends on your trading style, preferred markets, and budget. FP Markets is headquartered in Sydney, Australia, while Nexo operates from London, UK. FP Markets has the longer track record, established in 2005, compared to Nexo which was founded in 2018. 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
Nexo
FP Markets is the better choice overall, scoring 3.8/5 vs 3.2/5 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 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
FP Markets
2 vs 1 licences
Min. Deposit
Nexo
$100 vs $0
FP Markets
Nexo
FP Markets
Nexo
Lower feesFP Markets holds licences from ASIC, CySEC. Nexo is regulated by FCA.
FP Markets additionally covers Forex, Cfd, Stocks, Indices, Commodities. Nexo adds Crypto.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
FP Markets requires a minimum deposit of $100, while Nexo sets no minimum deposit. This makes Nexo accessible to traders with any budget.
BrokerRank scores FP Markets at 3.84/5 and Nexo at 3.18/5, 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 Nexo's 3.2/5. 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 Nexo starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. Nexo requires $0.
FP Markets is regulated by ASIC, CySEC, while Nexo holds licences from FCA.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. Nexo supports Proprietary Web, Proprietary Mobile.
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.