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 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…
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…
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.
Copy Trading, Professional Trading, Retail 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
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.
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).
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.