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

Features & PlatformsCMC Markets (visit site)FP Markets (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$15 monthly after 12 monthsNo
Deposit Fee:
Withdrawal Fee
Funding Methods:
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 selectionVPS Hosting
Unique Feature Two:
In-depth educational contentMT4/MT5 plugins + Autochartist
Broker Offers:


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 MarketsCMC MarketsFP Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

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 & FeesCMC MarketsFP Markets
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.7 pips1.0 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
Execution Type:
Market MakerNo 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 RegulatorName of the RegulatorLicense Number
Australian Securities & Investments Commission286354
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated
Cyprus Securities and Exchange Commission371/18

CMC Markets

Country of the RegulatorName of the RegulatorLicense Number
Financial Conduct Authority173730 & 170627
Federal Financial Supervisory AuthorityHRB 154814
Australian Securities and Investments Commission238054 & 246381
Monetary Authority of SingaporeUndisclosed but verified with the MAS
Investment Industry Regulatory Organization of CanadaUndisclosed 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

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

Cutting-edge proprietary trading platform for manual traders Low leverage for retail traders
Excellent asset selection and leading Forex broker with 330+ currency pairsLimited 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.

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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.

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