This FP markets vs FxPro forex broker review found FP Markets has ECN-like spreads starting from 0 pips with USD 6 commission with MT4 and MT5. FxPro has variable and fixed spreads and has no commissions except with cTrader.
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Our full comparison covers the 10 most important trading factors to help you make an informed choice between FP Markets and FxPro.
Spreads
When we delve into the standard account spreads, it’s evident that there are some noticeable differences between FP Markets and Forex.com. Let’s take a closer look at the data.
| Standard Account | FP Markets Spreads | FxPro Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 1.69 | 1.6 |
| EUR/USD | 1.2 | 1.4 | 1.2 |
| USD/JPY | 1.5 | 1.4 | 1.4 |
| GBP/USD | 1.4 | 1.7 | 1.6 |
| AUD/USD | 1.3 | 1.9 | 1.5 |
| USD/CAD | 1.4 | 1.7 | 1.8 |
| EUR/GBP | 1.2 | 1.4 | 1.5 |
| EUR/JPY | 1.4 | 1.8 | 1.9 |
| AUD/JPY | 1.6 | 2.2 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
For the EUR/USD pair, FP Markets has a spread of 1.1, while Forex.com has a slightly higher spread of 1.2. The industry average for this pair is 1.35, which means both brokers offer better spreads than the average. This pattern is consistent across most of the pairs, with FP Markets generally offering slightly better spreads than Forex.com. For instance, the AUD/JPY pair has a spread of 1.6 for FP Markets and 2.3 for Forex.com, both of which are below the industry average of 2.31.
However, it’s important to note that the spread isn’t the only factor to consider when choosing a broker. Other factors such as execution speed, ease of use, and the trading environment can also play a significant role in your trading experience.
In my opinion, FP Markets seems to offer more competitive spreads compared to Forex.com, making it a potentially cheaper option for traders. However, it’s always crucial to consider the overall trading conditions and not just the spreads when choosing a broker.
Commissions
On the commission front, both brokers charge a commission for certain types of accounts. FP Markets charges a commission of $7 per lot for its RAW account, while FxPro charges a commission for its cTrader account, with the exact amount depending on the trading volume. However, FxPro offers commission-free trading on its MT4 and MT5 accounts, which could be a significant advantage for traders who prefer these platforms. Therefore, in terms of commissions, FxPro has a slight edge due to its commission-free options.
| | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
| FxPro | $3.50 | N/A | N/A | N/A |
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
0.60 | 0.70 | 0.80 | 0.90 | 0.60 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Our Lowest Spreads and Fees Verdict
In the “Spreads and Fees” category, it’s a close call. FP Markets offers tighter spreads, which is a significant advantage for active traders. However, FxPro’s commission-free trading on MT4 and MT5 accounts could be more appealing to certain traders. Overall, I would say FP Markets wins this section due to its lower spreads, but FxPro is a strong contender, especially for traders who prioritize commission-free trading.
FP Markets ReviewVisit FP Markets
Both FP Markets and FxPro offer a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are highly regarded in the forex trading community for their advanced charting tools, automated trading capabilities, and user-friendly interfaces.
FP Markets also offers IRESS, a platform tailored for CFD trading. It comes with advanced features like direct market access, advanced order types, and comprehensive charting tools. On the other hand, FxPro offers FxPro Edge, a platform that allows for spread betting, a form of trading that is tax-free in the UK and Ireland.
| Trading Platform | FP Markets | FxPro |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
Our Better Trading Platform Verdict
In the “Trading Platforms” category, it’s a tie. Both FP Markets and FxPro offer a range of reputable trading platforms that cater to different types of traders. Whether you prefer MetaTrader, cTrader, IRESS, or FxPro Edge, both brokers have you covered.
FP Markets offers two main types of accounts: the Standard account and the Raw account. The Standard account offers commission-free trading with slightly wider spreads, while the Raw account offers tighter spreads with a commission per lot.
FxPro, on the other hand, offers four types of accounts: MT4, MT5, cTrader, and FxPro Edge. Each account type corresponds to a different trading platform, and they all offer different spreads and commission structures.
| FP Markets | FxPro | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | Yes |
Our Superior Accounts and Features Verdict
In the “Account Types” category, FxPro wins due to its wider variety of account types, which gives traders more flexibility in choosing the account that best suits their trading style and preferences.
When it comes to the trading experience, FP Markets really shines with its high-speed execution and user-friendly interface. It’s a dream for traders who want to get in and out of the market quickly.
FxPro isn’t far behind, though. With a variety of platforms like MT4, MT5, and cTrader, it offers traders a buffet of options to suit their trading style.
| | Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank |
|---|---|---|---|---|
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
| FxPro | 151ms | 23/36 | 138ms | 16/36 |
Our Best Trading Experience and Ease Verdict
Both brokers offer a top-notch trading experience, but FP Markets edges out with its high-speed execution and more customisable environment, making it the go-to choice for traders who prioritise these features.
FxPro Trust Score
FP Markets Trust Score
Both FP Markets and FxPro are highly regulated brokers. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FxPro is regulated by the Financial Conduct Authority (FCA), CySEC, the Financial Sector Conduct Authority (FSCA), and the Securities Commission of The Bahamas (SCB).
Our Stronger Trust and Regulation Verdict
In the “Trust and Regulation” category, FxPro takes the lead due to its regulation by four reputable financial authorities. However, FP Markets is also a trustworthy broker with strong regulation.
| FP Markets | FxPro | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
FP Markets offers a broad spectrum of CFDs, including commodities, indices, and even cryptocurrencies. It’s like a one-stop-shop for all your trading needs.
| CFDs | FP Markets | FxPro |
|---|---|---|
| Forex Pairs | 63 | 69 |
| Indices | 19 | 18 |
| Commodities | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs | 8 Metals (3 x Gold) 3 Energies |
| Cryptocurrencies | 12 | 28 |
| Shares CFDs | 10000+ (with IRESS) 814 (with MT5) | 2031 |
| ETFs | 46 | 18 |
| Bonds | 2 | No |
| Futures | No | 11 |
| Treasuries | 2 | No |
| Investment | No | No |
Our Top Product Range and CFD Markets Verdict
FP Markets offers a more comprehensive range of CFDs and markets, making it the ideal choice for traders looking for diversity in their trading portfolio.
FP Markets offers a robust educational suite that includes webinars, eBooks, and video tutorials. It’s like having a trading university at your fingertips.
FxPro focuses more on market analysis and trading tools, which are also valuable but not as comprehensive.
Our Superior Educational Resources Verdict
FP Markets takes the cake when it comes to educational resources. Its wide array of learning materials makes it the best choice for traders keen on continuous learning.
FP Markets offers 24/5 customer support in multiple languages, which is a massive win for international traders.
| Feature | FP Markets | FxPro |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 9/5 |
| Multilingual Support | Yes | Yes |
FxPro also offers robust customer support but lacks some of the additional features like educational webinars that FP Markets provides.
Our Superior Customer Service Verdict
FP Markets offers superior customer service, especially with its multilingual support and educational webinars, making it the more well-rounded option for traders worldwide.
FP Markets offers a plethora of funding options, including credit cards, e-wallets, and even cryptocurrencies.
| Funding Option | FP Markets | FxPro |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | No |
| Klarna | No | No |
Our Better Funding Options Verdict
FP Markets offers a wider range of funding options, including cryptocurrencies and various e-wallets, making it the more flexible and convenient choice for traders.
FP Markets and FxPro both require traders a minimum deposit of $100. This amount applies to all base currencies, regardless of where you reside.
While similar with their required deposit, they differ in their recommended amounts:
| Minimum Deposit | Recommended Deposit | |
| FP Markets | $100 | $100 |
| FxPro | $100 | $1,000 |
Our Lower Minimum Deposit Verdict
It’s a tie between FxPro and FP Markets with both having $100 as the minimum deposit. However, FP Markets have better funding options, so they have a little edge over FxPro.
FP Markets is the winner because it consistently outperforms FxPro in key areas like lower spreads, superior educational resources, and better funding options. The table below summarises the key information leading to this verdict.
| Criteria | FP Markets | FxPro |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platforms | Yes | Yes |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| CFD Product Range And Financial Markets | Yes | No |
| Superior Educational Resources | Yes | No |
| Better Customer Service | Yes | No |
| More Funding Options | Yes | No |
| Lower Minimum Deposit | Yes | Yes |
FP Markets is the better choice for beginner traders due to its lower minimum deposit and superior educational resources.
FxPro is better suited for experienced traders who may prefer a wider range of trading platforms.
FP Markets has lower costs. They offer spreads as low as 0.1 pips for EUR/USD, while FxPro has spreads starting at 1.2 pips. For more information on low spreads, you can visit our lowest spread forex brokers page.
Both FP Markets and FxPro offer MetaTrader 4, but FP Markets provides a more customisable experience. For more details, check out our best MT4 brokers page.
Neither FP Markets nor FxPro offers social or copy trading. If social trading is a priority, you might want to explore other options on our best copy trading platforms page.
Neither FP Markets nor FxPro offers spread betting. For spread betting options, you can refer to our best spread betting brokers in the UK.
In my opinion, FP Markets is superior for Australian forex traders. It’s ASIC-regulated and founded in Australia. For more details, you can visit our Best Forex Brokers In Australia page.
For UK traders, FxPro is the better option. It’s FCA-regulated but not founded in the UK. For more information, you can check out our best UK forex brokers page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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