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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 #24 · Editorial rating 9 / 10 · Founded 1982
TradeStation forex broker offers forex trading on a well-regarded platform with advanced charting, customizable order tools, and API-driven automation. Users can analyze currency pairs, execute trades, and streamline workflows within a technology-focused…
Read the TradeStation 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. TradeStation (United States, founded 1982) holds 3 regulatory licences (CFTC, FCA, NFA), 3 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 223 countries; FP Markets is available in 2 countries where TradeStation is not, and TradeStation in 10 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 | TradeStation |
|---|---|---|
| Editorial rating | 9 / 10 | 9 / 10 |
| Trust rank | #23 | #24 |
| Founded | 2005 | 1982 |
| Headquarters | Australia | United States |
| Regulators | ASIC, CMA, CySEC, FSCA | CFTC, FCA, NFA |
| Broker type | DMA, ECN, STP | Market Maker |
| Platforms | cTrader, MT4, MT5 | Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Forex |
| Countries accepted | 225 countries | 233 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot 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 (223): 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, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island and 183 more.
Only FP Markets (2): Canada, Japan.
Only TradeStation (10): Afghanistan, Antarctica, Bouvet Island, British Indian Ocean Territory, French Southern Territories, Heard Island and McDonald Islands, Liberia, Somalia, South Georgia and the South Sandwich Islands, Yemen.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
FP Markets holds more regulatory licences: FP Markets (ASIC, CMA, CySEC, FSCA) versus TradeStation (CFTC, FCA, NFA). Tier-1 licences: FP Markets 1, TradeStation 3.
FP Markets offers cTrader, MT4, MT5; TradeStation offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
TradeStation is the older of the two, founded in 1982; FP Markets was founded in 2005.
They overlap in 223 countries. FP Markets is additionally available in 2 countries (Canada, Japan) and TradeStation in 10 countries (Afghanistan, Antarctica, Bouvet Island, British Indian Ocean Territory, French Southern Territories, Heard Island and McDonald Islands and 4 more).
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.