FP Markets versus CMC Markets
FP Markets maintains a competitive environment through its twelve plugins MT4/MT5 upgrade plus Autochartist. Manual traders also benefit from the geographically restricted Iress platform, while algorithmic traders get high leverage, fast order execution, and deep liquidity. MAM/PAMM module caters to asset managers, and the in-house social trading platform and Myfxbook Autotrade cater to social and copy trading.
CMC Markets provides traders with a cutting-edge proprietary web-based trading platform featuring an automated pattern recognition scanner, a price projection box, module linking, and detailed trade analytics. Algorithmic traders get the out-of-the-box MT4 and deep liquidity, while a proprietary mobile app is also available.
We have conducted an in-depth review of FP Markets and CMC Markets to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FP Markets versus CMC Markets - Verdict
Features and Platforms
| Features & Platforms | CMC Markets (visit site) | FP Markets (visit site) |
 |  | |
| Headquarter: | UK | Australia |
Established : | 1989 | 2005 |
Retail Loss Rate: | 76.00% | 75.31% |
Regulation: | ||
Minimum Deposit: | $0 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $15 monthly after 12 months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 4 | 21 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | Outstanding asset selection | VPS Hosting |
Unique Feature Two: | In-depth educational content | MT4/MT5 plugins + Autochartist |
Broker Offers: |
Noteworthy:
Beginner traders at FP Markets and CMC Markets get educational content and in-house market research. The former offers VPS hosting, and the latter a range of order entry methods.
Available Markets
| Available Markets | CMC Markets | FP Markets |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:30 | 1:500 |
Maximum Pro Leverage: | 1:500 | 1:500 |
Both brokers offer a well-balanced choice of trading instruments covering most sectors, ensuring clients get in-depth cross-asset exposure. CMC Markets takes the lead with its industry-leading Forex selection of 330+ currency pairs. CMC Markets also offers share basket trading.
Typical Spreads and Fees
| Typical Spreads & Fees | CMC Markets | FP Markets |
Minimum Raw Spreads: | Not applicable | 0.0 pips |
Minimum Standard Spreads: | 0.7 pips | 1.0 pips |
Minimum Commission for Forex: | Commission-free | $6.00 per round lot |
Commission for Equities: | 0.10% or $0.02/share (US) | 0.10% with $10 minimum |
Rebates: | Yes | No |
Execution Type: | Market Maker | No Dealing Desk (NDD) |
Core trading costs at FP Markets are lower than at CMC Markets, with minimum fees of $6.00 per lot versus $7.00. CMC Markets has a rebate program that can lower charges between 5% and 20% for high-volume traders, granting it an edge.
Security and Trust
FP Markets
| Country of the Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | 286354 |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated |
Cyprus | Cyprus Securities and Exchange Commission | 371/18 |
CMC Markets
| Country of the Regulator | Name of the Regulator | License Number |
UK | Financial Conduct Authority | 173730 & 170627 |
Germany | Federal Financial Supervisory Authority | HRB 154814 |
Australia | Australian Securities and Investments Commission | 238054 & 246381 |
Singapore | Monetary Authority of Singapore | Undisclosed but verified with the MAS |
Canada | Investment Industry Regulatory Organization of Canada | Undisclosed but verified with the IIROC |
FP Markets and CMC Markets segregate client deposits from corporate funds and offer negative balance protection. Most traders at FP Markets will deal with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. CMC Markets is a publicly listed company in the UK, and both brokers have a clean regulatory record.
FP Markets vs BlackBull Markets – Verdict
FP Markets
| Pros | Cons |
| Choice of trading platforms and auxiliarytrading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
CMC Markets
| Pros | Cons |
| Cutting-edge proprietary trading platform for manual traders | Low leverage for retail traders |
| Excellent asset selection and leading Forex broker with 330+ currency pairs | Limited deposit and withdrawal methods |
| In-depth educational platform for beginner traders and quality research | |
| Publicly listed company with a clean record and decades of experience |
CMC Markets remains one of the most established international multi-asset brokers and a leading Forex broker. FP Markets takes a minor overall lead due to its extensive trading platform upgrades, higher leverage for most traders, broader social and copy trading support, and a more competitive trading environment for algorithmic traders.
FAQs
Is CMC Markets a good platform?
CMC Markets maintains a innovative web-based trading platform for manual traders, featuring high-quality trading tools, making it one of the most competitive platforms.
Is FP Markets a true ECN?
FP Markets offers a genuine ECN account with its commission-based account option.
What platform does CMC Markets use?
CMC Markets provides traders its proprietary web-based trading platform alongside the core MT4.
Who owns CMC Markets?
CMC Markets is a UK-publicly listed company owned by its international shareholders.
How much commission does CMC Markets take?
CMC Markets offers commission-free trading except for equity CFDs, where a commission of 0.10% with a minimum of £10 applies.
How good is FP Markets?
FP Markets established itself as a competitive broker with upgraded trading platforms, deep liquidity, low trading costs, a balanced asset selection, high leverage, and fast order execution.
Is FP Markets good for beginners?
FP Markets maintains a high-quality educational offering, market research, and cutting-edge trading tools, making it a good choice for beginners.
Is FP Markets regulated?
FP Markets remains regulated in Australia and Cyprus.
What type of broker is CMC Markets?
CMC Markets is a market maker.
Is CMC an ECN broker?
CMC is not an ECN broker but a market maker.
What is the minimum deposit for CMC Markets?
CMC Markets has no minimum deposit requirement.
Does CMC Markets accept Indian clients?
CMC Markets lists no restrictions on clients resident in India and accepts them.