The out-of-the-box MT4/MT5 platforms get a twelve-plugin upgrade plus Autochartist, which creates a competitive trading environment. The geographically restricted Iress platform is also available at FP Markets, which supports account managers via the MAM/PAMM module. Social traders can use the proprietary social trading platform, copy traders get Myfxbook Autotrade, and algorithmic traders benefit from fast order execution, deep liquidity, and high leverage. .
FxPro upgrades MT4/MT5 with the Trading Central plugin, available alongside cTrader and a proprietary trading platform. The NDD order execution at FxPro, deep liquidity, fast order execution, and high leverage combine for a competitive trading environment, ideal for scalpers and algorithmic traders.
We have conducted an in-depth review of FP Markets and FxPro 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 FxPro - Verdict
 |  | |
Headquarters | United Kingdom | Australia |
Regulators | N/A | ASIC, CMA, CySEC, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2006 | 2005 |
Execution Type(s) | No Dealing Desk | ECN/STP |
Minimum Deposit | $100 | $100 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5, cTrader+ | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based |
Average Trading Cost EUR/USD | 1.3 pips | 1.2 pips |
Average Trading Cost GBP/USD | 1.5 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.03 | $0.02 |
Average Trading Cost Gold | $0.29 | $0.16 |
Retail Loss Rate | N/A | 72.44% |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | N/A | $6.00 per Round Lot |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Noteworthy:
Both brokers offer quality research, education, and VPS hosting. FxPro maintains a high-payout partnership program for passive income generation, twelve liquidity providers, and ultra-low latency data center co-location.
Available Markets
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
FP Markets maintains 1,000+ trading instruments for MT5, but just over 100 for MT4, while Iress features 10,000. FxPro offers all traders 2,100+ CFDs, and both brokers feature 60+ currency pairs for Forex traders. FP Markets and FxPro ensure traders have sufficient cross-asset diversification opportunities, but FxPro covers the cryptocurrency sector better.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 1.3 pips | 1.2 pips |
Average Trading Cost GBP/USD | 1.5 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.03 | $0.02 |
Average Trading Cost Gold | $0.29 | $0.16 |
Average Trading Cost Bitcoin | $38 | $21.08 |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | N/A | $6.00 per Round Lot |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | N/A | No |
| Visit Website | Visit Website |
Trading costs at FP Markets and FxPro are both highly competitive,. with the latter deploying an industry-leading cost structure. Minimum commission-free fees at FP Markets are $10.00 versus $5.00 at FxPro, while commission-based costs are $6.00 versus $4.50, plus commission-free equity trading at FxPro.
Security and Trust
| | |
Country of the Regulator | The Bahamas, Cyprus, United Kingdom, South Africa | Australia, Cyprus, Kenya, South Africa |
Name of the Regulator | N/A | ASIC, CMA, CySEC, FSCA |
Regulatory License Number | 509956, 078/07, 45052, SIA-F184 | 286354, 103, 371/18, 50926 |
Regulatory Tier | 1, 1, 2, 4 | N/A |
| Visit Website | Visit Website |
FP Markets and FxPro both offer negative balance protection and segregate client deposits from corporate funds. Both brokers have a clean record and equally secure trading environments. The UK and Cyprus subsidiaries have an investor compensation fund, and FxPro has €100.000.000 in Tier 1 corporate capital. FP Markets caters to most international traders from its unregulated but duly registered St. Vincent and the Grenadines subsidiary.
FP Markets vs FxPro – 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 |
FxPro
Pros | Cons |
|---|---|
| Choice of four trading platforms plus services by Trading Central for MT4/MT5 | No cryptocurrencies |
| Deep liquidity, fast order execution, and high leverage | |
| Algorithmic and social trading support plus VPS hosting | |
| A competitive commission-based cost structure for cTrader/ ++ |
FxPro provides traders with a competitive environment and low costs that rank among the lowest industry wide. Both offer fast order execution, deep liquidity, and high leverage, while beginners get quality research and education at FP Markets and FxPro. FP Markets takes the overall lead due to its upgraded MT4/MT5 platforms and broader support for social and copy traders.
You might also be interested in reviewing the below broker comparisons:
- FxPro vs eToro
- FxPro vs FXCM
- FxPro vs Alpari
- FP Markets vs Exness
- FP Markets vs IG Markets
- FP Markets vs Pepperstone
FAQs
Is FP Markets a true ECN?
The commission-based FP Markets account is a true ECN account.
Does FP Markets offer trading in the NASDAQ 100 Index?
Yes, FP Markets offers trading in the NASDAQ 100 index as a CFD.
How good is FP Markets?
FP Markets established itself as a leading multi-asset broker with low trading costs, upgraded trading platforms, and quality trading tools.
What is the minimum deposit for FXPro?
The minimum deposit at FXPro is $100 or a currency equivalent.
How much can I withdraw from FXPro?
Traders can withdraw 100% of their available capital at FXPro.
What kind of broker is FXPro?
FXPro is an NDD broker.
Is FXPro an ECN broker?
FXPro is not an ECN broker, as it explains on its website, but an NDD broker.
Is FP Markets a regulated broker?
Yes, FP Markets has regulatory licenses in Australia and Cyprus.
Is FP Markets regulated in South Africa?
No, FP Markets is unregulated in South Africa.
Is FP Markets regulated in the UK?
No, FP Markets is unregulated in the UK.
Is FP Markets a market maker?
FP Markets has one market maker account, its commission-free option.
Does FP Markets have a no deposit bonus?
No, FP Markets does not offer a no deposit bonus.