FOREX.com vs FP Markets (2026): regulation, platforms and costs compared

Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.

Data refreshed 25 Sep 2026 · Compiled by David Ispiryan

FOREX.com

Trust rank #1 · Editorial rating 10 / 10 · Founded 2001

FOREX.com is a well-regarded forex broker offering broad access to forex markets through web, desktop, and mobile platforms, with research, education, and risk management tools. It operates under applicable regulatory oversight in…

Read the FOREX.com review

FP Markets

Trust rank #23 · Editorial rating 9 / 10 · Founded 2005

FP Markets is a well-regarded forex broker providing access to currencies and CFDs on popular platforms, supported by research tools and education. It offers broad market coverage, platform choice, and multilingual customer…

Read the FP Markets review

FOREX.com (United States, founded 2001) holds 4 regulatory licences (ASIC, CFTC, FCA, NFA), 4 of them tier-1, offers MT4, MT5, Proprietary, TradingView and sits in our low-fee bracket. FP Markets (Australia, founded 2005) holds 4 regulatory licences (ASIC, CMA, CySEC, FSCA), 1 of them tier-1, offers cTrader, MT4, MT5 and sits in our low-fee bracket. The two overlap in 224 countries; FOREX.com is available in 7 countries where FP Markets is not, and FP Markets in 1 where FOREX.com is not.

Verdict at a glance

  • FOREX.com leads on editorial rating, trust rank, track record, platform choice, country coverage and tier-1 licences.
  • FP Markets leads on instrument range.
  • Level on regulatory coverage and fee level.

Scored on 9 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

FOREX.com vs FP Markets: side-by-side data

CriteriaFOREX.comFP Markets
Editorial rating10 / 109 / 10
Trust rank#1#23
Founded20012005
HeadquartersUnited StatesAustralia
RegulatorsASIC, CFTC, FCA, NFAASIC, CMA, CySEC, FSCA
Broker typeDMA, Market Maker, STPDMA, ECN, STP
PlatformsMT4, MT5, Proprietary, TradingViewcTrader, MT4, MT5
InstrumentsCommodities, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted231 countries225 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesProfessional Trading, Retail TradingCopy Trading, Professional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

FOREX.com

  • Multi-jurisdiction regulation (US/UK/CA)
  • Accepts US clients
  • Proprietary platform + MT4/MT5 support
  • Competitive spreads with raw/commission pricing options
  • Extensive FX pair offering

FP Markets

  • ASIC & CySEC regulated
  • Raw ECN spreads from 0.0 pips
  • Fast execution and deep liquidity
  • MT4/MT5 platforms with EAs, hedging & scalping
  • Low commissions on RAW account

Cons

FOREX.com

  • No CFDs for U.S. clients
  • FIFO and no-hedging rules on U.S. accounts
  • No negative balance protection in the U.S.
  • Inactivity fee after 12 months of no trading
  • High minimum balance for STP Pro/DMA accounts

FP Markets

  • No negative balance protection across all entities
  • No investor compensation scheme (ASIC clients)
  • IRESS platform and market data fees
  • Withdrawal fees on international bank wires/selected methods
  • Not available to US residents

Key features

FOREX.com

  • Spot forex and multi asset CFD trading
  • Top tier regulation and segregated client funds
  • MetaTrader 4 MetaTrader 5 and Advanced Trading platform
  • TradingView integration and advanced charting tools
  • API trading via REST and FIX plus VPS support
  • Raw pricing with commission and standard spread only accounts

FP Markets

  • Multi asset Forex and CFD trading on MT4 MT5 cTrader and Iress
  • ECN raw spreads deep liquidity and low latency execution
  • ASIC and CySEC regulated with segregated client funds
  • Advanced trading tools Autochartist VPS and copy trading
  • MAM PAMM accounts for portfolio management
  • Direct market access share CFDs via Iress

Country availability: FOREX.com vs FP Markets

Available at both (224): Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island and 184 more.

Only FOREX.com (7): Afghanistan, Iraq, Liberia, Libya, Somalia, United States of America, Yemen.

Only FP Markets (1): Belgium.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

FOREX.com vs FP Markets: common questions

Which broker is more regulated, FOREX.com or FP Markets?

FOREX.com holds more regulatory licences: FOREX.com (ASIC, CFTC, FCA, NFA) versus FP Markets (ASIC, CMA, CySEC, FSCA). Tier-1 licences: FOREX.com 4, FP Markets 1.

Which trading platforms do FOREX.com and FP Markets offer?

FOREX.com offers MT4, MT5, Proprietary, TradingView; FP Markets offers cTrader, MT4, MT5.

Which has lower fees, FOREX.com or FP Markets?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, FOREX.com or FP Markets?

FOREX.com is the older of the two, founded in 2001; FP Markets was founded in 2005.

Are FOREX.com and FP Markets available in the same countries?

They overlap in 224 countries. FOREX.com is additionally available in 7 countries (Afghanistan, Iraq, Liberia, Libya, Somalia, United States of America and 1 more) and FP Markets in 1 countries (Belgium).

Keep comparing

FOREX.com

FP Markets

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.