This FP Markets vs FXTM review found both brokers offer MT4 and MT5 trading platforms but FP Markets has spreads from 0 pips and $3.50 commission with FXTM having 3 account types plus a fixed spread account.
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Our comprehensive comparison covers the 10 most crucial trading factors you need to consider when choosing between FP Markets and FXTM.
Spreads
When comparing the standard account spreads of FP Markets and FXTM, it’s clear that FP Markets offers more competitive spreads across all the forex pairs we’re considering. For instance, the EUR/USD pair, which is one of the most traded currency pairs, has a spread of 1.1 with FP Markets, compared to 1.9 with FXTM. This pattern is consistent across all the pairs, indicating that FP Markets generally provide tighter spreads.
| Standard Account | FP Markets Spreads | FXTM Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 2.60 | 1.6 |
| EUR/USD | 1.2 | 2.1 | 1.2 |
| USD/JPY | 1.5 | 2.5 | 1.4 |
| GBP/USD | 1.4 | 2.5 | 1.6 |
| AUD/USD | 1.3 | 2.1 | 1.5 |
| USD/CAD | 1.4 | 2.8 | 1.8 |
| EUR/GBP | 1.2 | 2.7 | 1.5 |
| EUR/JPY | 1.4 | 2.5 | 1.9 |
| AUD/JPY | 1.6 | 3.6 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
However, when we compare these brokers to the industry average, the picture becomes slightly more nuanced. FP Markets consistently undercuts the industry average, reinforcing its position as a cost-effective choice for traders. FXTM, on the other hand, tends to have spreads above the industry average, suggesting that it may be a more expensive option for traders focusing on cost.
In conclusion, based on this data, I would argue that FP Markets is the cheaper option when it comes to standard account spreads. Not only does it outperform FXTM, but it also fares well when compared to the industry average. This cost-effectiveness, combined with other factors such as execution speed, ease of use, and regulation, could make FP Markets a compelling choice for many traders.
Commissions
FP Markets charges a commission on its ECN accounts, starting from $3 per lot. FXTM, in contrast, offers commission-free trading on its Standard and Cent accounts but charges a commission on its ECN accounts, starting from $2 per lot.
| | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
| FXTM | $4.00 | N/A | N/A | N/A |
When it comes to trading costs, both FP Markets and FXTM have their strengths.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.90 | 2.00 | 2.40 | 2.00 | 2.20 |
|
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 |
|
1.30 | 1.70 | 2.10 | 1.40 | 1.50 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Deposit & Withdrawal Fees
Both brokers offer free deposits and withdrawals, although some payment providers may charge their own fees.
Other Fees
FP Markets charges a $10 monthly inactivity fee after a year of non-use, while FXTM charges a $5 monthly inactivity fee after six months of non-use.
Our Lowest Spreads and Fees Verdict
When it comes to trading costs, FP Markets has the edge with its lower spreads and competitive commissions. However, FXTM’s commission-free trading on certain accounts may appeal to some traders.
FP Markets ReviewVisit FP Markets
Both FP Markets and FXTM offer MetaTrader 4 and 5, the most popular trading platforms in the forex industry.
| Trading Platform | FP Markets | FXTM |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | No |
MetaTrader 4 and 5
Both brokers offer MetaTrader 4 and 5, which are known for their advanced charting tools, automated trading capabilities, and customizability.
cTrader and TradingView
FP Markets also offers IRESS, a platform geared towards professional traders. FXTM does not offer cTrader or TradingView.
Social And Copy Trading
FP Markets supports MetaTrader Signals, a service that allows traders to copy the trades of successful investors directly in the MetaTrader platform. FXTM stands out with its FXTM Invest, a social trading program that also allows traders to copy the trades of successful investors.
Automated Trading
Both FP Markets and FXTM support automated trading through the use of Expert Advisors (EAs) on the MetaTrader platforms.
VPS and Other Trading Tools
Both FP Markets and FXTM offer VPS services for seamless, uninterrupted trading. They also provide a variety of trading tools such as economic calendars, market analysis, and trading calculators.
Our Better Trading Platform Verdict
Both brokers offer robust trading platforms, but FXTM has the edge with its social trading feature. FP Markets, on the other hand, caters to professional traders with its IRESS platform.
FP Markets offers two main types of accounts: Standard and Raw (ECN), each designed to cater to different trading styles and levels of experience. FXTM, on the other hand, offers a wider range of account types, including Standard, Cent, ECN, ECN Zero, and FXTM Pro accounts.
| FP Markets | FXTM | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | No |
Our Superior Accounts and Features Verdict
FXTM offers a wider variety of account types, catering to a broader range of trader needs and preferences.
FP Markets shines when it comes to offering a seamless trading experience, especially with its IRESS platform tailored for professional traders. The platform is robust and offers advanced charting tools, making it a go-to choice for those who take trading seriously.
FXTM, however, has its unique FXTM Invest social trading programme. This feature allows traders to copy the trades of successful investors, adding an extra layer of convenience and strategy to your trading.
| | Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank |
|---|---|---|---|---|
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
| FXTM | 248ms | 35/36 | 210ms | 31/36 |
Our Best Trading Experience and Ease Verdict
While FP Markets caters well to professional traders with its IRESS platform, FXTM offers a more rounded experience, especially for those interested in social trading through its FXTM Invest programme.
FXTM Trust Score
FP Markets Trust Score
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa.
| FP Markets | FXTM | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | CYSEC (Cyprus) FCA (UK) |
| Tier 2 Regulation | FSCA (South Africa) | |
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | FSC-M (Mauritius) CMA (Kenya) |
Our Stronger Trust and Regulation Verdict
Both brokers are highly regulated, but FXTM has a slight edge with its FCA regulation, which is known for its stringent standards and strong investor protection measures.
| CFDs | FP Markets | FXTM |
|---|---|---|
| Forex Pairs | 63 | 58 |
| Indices | 19 | 13 |
| Commodities | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs | 2 Metals (3 Gold crosses) 2 (Silver crosses) 4 Energies |
| Cryptocurrencies | 12 | 11 |
| Shares CFDs | 10000+ (with IRESS) 814 (with MT5) | 1120 |
| ETFs | 46 | No |
| Bonds | 2 | No |
| Futures | No | No |
| Treasuries | 2 | No |
| Investment | No | No |
Our Top Product Range and CFD Markets Verdict
FP Markets offers a broader range of products and CFD markets, making it the better choice for traders who are looking for a diversified trading portfolio.
FP Markets offers a decent range of educational resources, including webinars and tutorials. However, FXTM takes it up a notch with its comprehensive educational suite.
Our Superior Educational Resources Verdict
Based on our testing, FXTM offers superior educational resources, scoring a 9 out of 10. Their educational app and trading signals are particularly useful for traders looking to expand their knowledge and skills.
FP Markets and FXTM offers reliable customer service with multiple contact options and offering 24/7 support.
| Feature | FP Markets | FXTM |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/5 |
| Multilingual Support | Yes | Yes |
Our Superior Customer Service Verdict
FXTM offers superior customer service, scoring an 8 out of 10 based on our testing. Their 24/7 support and dedicated customer service app set them apart, making it easier for traders to get timely assistance.
Both FP Markets and FXTM offer a variety of funding options, but FXTM has a slight edge with its broader range of payment methods.
| Funding Option | FP Markets | FXTM |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | No |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | No |
| Klarna | No | No |
Our Better Funding Options Verdict
FXTM offers better funding options, providing a wider range of payment methods that cater to the diverse needs of traders.
When it comes to minimum deposits, FP Markets requires a higher initial investment, which could be a barrier for some traders.
| | Minimum Deposit | Recommended Deposit |
| FP Markets | $100 | $100 |
| FXTM | $10 | $500 |
Our Lower Minimum Deposit Verdict
FXTM offers a lower minimum deposit, making it more accessible for beginner traders or those who prefer to start with a smaller investment.
FXTM is the winner because it offers a more rounded trading experience, especially with its unique features like FXTM Invest and superior educational resources. The table below summarises the key information leading to this verdict.
| Criteria | FP Markets | FXTM |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platforms | Yes | Yes |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience | Yes | Yes |
| Stronger Trust And Regulation | No | Yes |
| CFD Product Range And Financial Markets | Yes | No |
| Superior Educational Resources | No | Yes |
| Better Customer Service | No | Yes |
| More Funding Options | No | Yes |
| Lower Minimum Deposit | No | Yes |
FXTM is better suited for beginner traders due to its lower minimum deposit and comprehensive educational resources.
FP Markets is the better option for experienced traders, especially those who prefer a platform like IRESS tailored for professionals.
FXTM generally offers lower costs. While both brokers offer competitive spreads, FXTM tends to have slightly tighter spreads. For more information on low-cost trading, you can visit this Lowest Commission Brokers page.
Both FP Markets and FXTM offer MetaTrader 4, but FP Markets has a slight edge with its additional features. For more details, check out our Best MT4 Brokers.
FXTM stands out for its FXTM Invest social trading programme. This feature allows traders to copy successful trades. For more on social trading, you can read our review of the best social trading platforms.
Neither FP Markets nor FXTM offer spread betting. For those interested in spread betting, you can explore options on our best broker for spread betting page.
In my opinion, FP Markets is superior for Australian Forex traders. It’s ASIC-regulated and founded in Australia, offering a sense of local trustworthiness. For more details, visit the Best Forex Brokers In Australia page.
I believe FXTM is the better choice for UK Forex traders. It’s FCA-regulated and offers a range of features tailored to meet the needs of traders in the UK. For more information, you can visit Best Forex Brokers In UK.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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