FP Markets vs Vantage (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

Vantage

Trust rank #21 · Founded 2009

Vantage forex broker provides access to forex and CFD markets across multiple platforms with a choice of account types and trading tools. It offers research, education, and risk management features, and operates…

Read the Vantage 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. Vantage (Australia, founded 2009) holds 5 regulatory licences (ASIC, CIMA, FCA, FSCA, VFSC), 2 of them tier-1, offers MT4, MT5, Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 221 countries; FP Markets is available in 4 countries where Vantage is not, and Vantage in 6 where FP Markets is not.

Verdict at a glance

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

Scored on 8 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 Vantage: side-by-side data

CriteriaFP MarketsVantage
Editorial rating9 / 10Not verified
Trust rank#23#21
Founded20052009
HeadquartersAustraliaAustralia
RegulatorsASIC, CMA, CySEC, FSCAASIC, CIMA, FCA, FSCA, VFSC
Broker typeDMA, ECN, STPECN, STP
PlatformscTrader, MT4, MT5MT4, MT5, Proprietary, TradingView
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted225 countries227 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesCopy Trading, Professional Trading, Retail TradingCopy 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

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

Vantage

  • Multi-jurisdiction regulation (ASIC, CIMA, VFSC)
  • Raw ECN accounts with 0.0 pip spreads and low commissions
  • Low-latency execution with deep liquidity
  • MT4/MT5 plus integrated copy trading
  • Wide CFD market coverage (FX, indices, commodities, shares, crypto)

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

Vantage

  • - Offshore regulation for many clients
  • - Not available to U.S. residents
  • - No cTrader platform support
  • - CFDs-only product offering
  • - Negative balance protection not guaranteed across all entities

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

Vantage

  • Multi asset CFD trading forex indices commodities shares and crypto
  • ECN STP execution with RAW ECN accounts deep liquidity and spreads from zero pips
  • Regulated entities including ASIC and CIMA with segregated client funds and negative balance protection
  • MT4 MT5 and ProTrader powered by TradingView plus mobile and web platforms
  • Integrated copy trading via ZuluTrade DupliTrade and Myfxbook AutoTrade
  • VPS hosting Smart Trader Tools and algorithmic trading support

Country availability: FP Markets vs Vantage

Available at both (221): 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, Christmas Island, Cocos (Keeling) Islands and 181 more.

Only FP Markets (4): Canada, China, India, Singapore.

Only Vantage (6): Afghanistan, Iraq, Liberia, Libya, Somalia, 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 vs Vantage: common questions

Which broker is more regulated, FP Markets or Vantage?

Vantage holds more regulatory licences: FP Markets (ASIC, CMA, CySEC, FSCA) versus Vantage (ASIC, CIMA, FCA, FSCA, VFSC). Tier-1 licences: FP Markets 1, Vantage 2.

Which trading platforms do FP Markets and Vantage offer?

FP Markets offers cTrader, MT4, MT5; Vantage offers MT4, MT5, Proprietary, TradingView.

Which has lower fees, FP Markets or Vantage?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, FP Markets or Vantage?

FP Markets is the older of the two, founded in 2005; Vantage was founded in 2009.

Are FP Markets and Vantage available in the same countries?

They overlap in 221 countries. FP Markets is additionally available in 4 countries (Canada, China, India, Singapore) and Vantage in 6 countries (Afghanistan, Iraq, Liberia, Libya, Somalia, Yemen).

Keep comparing

FP Markets

Vantage

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.