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 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…
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…
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.
Copy 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.
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).
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.