FP Markets vs tastytrade (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

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

tastytrade

Trust rank #22 · Editorial rating 9.1 / 10 · Founded 2017

tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…

Read the tastytrade review

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. tastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. The two overlap in 55 countries; FP Markets is available in 170 countries where tastytrade is not, and tastytrade in 1 where FP Markets is not.

Verdict at a glance

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

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.

FP Markets vs tastytrade: side-by-side data

CriteriaFP Marketstastytrade
Editorial rating9 / 109.1 / 10
Trust rank#23#22
Founded20052017
HeadquartersAustraliaUnited States
RegulatorsASIC, CMA, CySEC, FSCACFTC, NFA
Broker typeDMA, ECN, STPMarket Maker
PlatformscTrader, MT4, MT5Proprietary
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsForex
Countries accepted225 countries56 countries
Fee levelLowMedium
Trading typesCFD Trading, Spot TradingSpot Trading
Best-for use casesCopy Trading, Professional Trading, Retail TradingRetail 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

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

tastytrade

  • NFA/CFTC-regulated US forex trading
  • Competitive, spread-only pricing
  • Fast execution on robust web and mobile platforms
  • Broad selection of major, minor, and exotic pairs
  • Rich trader education and market content

Cons

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

tastytrade

  • No spot forex (futures-only FX)
  • Limited FX pairs vs spot brokers
  • No MetaTrader/cTrader (proprietary platform only)
  • Higher costs per trade (exchange/clearing/NFA fees)
  • Fixed contract sizes; no micro-lot position sizing

Key features

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

tastytrade

  • CFTC and NFA regulated RFED via IG US LLC
  • Spot forex only no CFDs
  • US compliant leverage 50 to 1 majors 20 to 1 minors
  • Proprietary tastyfx platforms with advanced charting
  • Two factor authentication for account access
  • Spread only pricing with variable spreads

Country availability: FP Markets vs tastytrade

Available at both (55): Andorra, Argentina, Austria, Bahrain, Belgium, Brazil, Chile, Colombia, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal and 15 more.

Only FP Markets (170): Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Burkina Faso, Burundi and 145 more.

Only tastytrade (1): 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.

FP Markets vs tastytrade: common questions

Which broker is more regulated, FP Markets or tastytrade?

FP Markets holds more regulatory licences: FP Markets (ASIC, CMA, CySEC, FSCA) versus tastytrade (CFTC, NFA). Tier-1 licences: FP Markets 1, tastytrade 2.

Which trading platforms do FP Markets and tastytrade offer?

FP Markets offers cTrader, MT4, MT5; tastytrade offers Proprietary.

Which has lower fees, FP Markets or tastytrade?

FP Markets is in the lower fee bracket (low vs medium) in our catalogue.

Which is older, FP Markets or tastytrade?

FP Markets is the older of the two, founded in 2005; tastytrade was founded in 2017.

Are FP Markets and tastytrade available in the same countries?

They overlap in 55 countries. FP Markets is additionally available in 170 countries (Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda and 164 more) and tastytrade in 1 countries (United States of America).

Keep comparing

FP Markets

tastytrade

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.