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 Aug 2026 · Compiled by David Ispiryan
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
Trust rank #2 · Editorial rating 10 / 10 · Founded 1977
Interactive Brokers is a well-regarded forex broker providing broad access to currency pairs, advanced trading platforms, and research and risk management tools. It supports multi-asset trading and a wide range of order…
Read the Interactive Brokers reviewFP 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. Interactive Brokers (United States, founded 1977) holds 15 regulatory licences (ASIC, CBI, CFTC, CIRO, CSSF…), 10 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 216 countries; FP Markets is available in 9 countries where Interactive Brokers is not, and Interactive Brokers in 2 where FP Markets is not.
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.
| Criteria | FP Markets | Interactive Brokers |
|---|---|---|
| Editorial rating | 9 / 10 | 10 / 10 |
| Trust rank | #23 | #2 |
| Founded | 2005 | 1977 |
| Headquarters | Australia | United States |
| Regulators | ASIC, CMA, CySEC, FSCA | ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC |
| Broker type | DMA, ECN, STP | DMA |
| Platforms | cTrader, MT4, MT5 | Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 225 countries | 218 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Professional Trading, Retail 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.
Available at both (216): Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands and 176 more.
Only FP Markets (9): Burundi, Central African Republic, Congo, Nauru, Nigeria, Sierra Leone, South Sudan, Venezuela, Zimbabwe.
Only Interactive Brokers (2): Liberia, United States of America.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
Interactive Brokers holds more regulatory licences: FP Markets (ASIC, CMA, CySEC, FSCA) versus Interactive Brokers (ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC). Tier-1 licences: FP Markets 1, Interactive Brokers 10.
FP Markets offers cTrader, MT4, MT5; Interactive Brokers offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Interactive Brokers is the older of the two, founded in 1977; FP Markets was founded in 2005.
They overlap in 216 countries. FP Markets is additionally available in 9 countries (Burundi, Central African Republic, Congo, Nauru, Nigeria, Sierra Leone and 3 more) and Interactive Brokers in 2 countries (Liberia, United States of America).
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.