FxPro vs FP Markets - Fees Review included
Which broker is better FxPro or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that FxPro is one of the top brokers in the financial market with the TU Overall Score of 7.9 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 7.07 out of 10. Find out more about TU Overall Score.
| Feature | FxPro | FP Markets |
|---|---|---|
Overall |
4.6 |
4.6 |
5 |
4.7 |
|
3.9 |
4.7 |
|
4.6 |
4.6 |
|
Investment Instruments |
4.9 |
4.9 |
Platforms and Charting Tools |
4.2 |
4.7 |
Deposit and Withdrawal |
4.5 |
4.4 |
Research |
4.7 |
3.9 |
Education |
4.6 |
3.8 |
Support |
4.5 |
4.2 |
Bonuses |
2.5 |
2.1 |
|
|
|
FxPro vs FP Markets: Pros and Cons
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| FxPro | FP Markets | |
|---|---|---|
| Overall Pros | Regulated in EU and Great Britain | favorable trading conditions |
| Big choice of ECN/STP accounts | more than 10,000 trading instruments | |
| insurance of client funds | investment opportunities: copy trading, MAM and PAMM | |
| Strong research and education | order execution speed is 40 ms | |
| PAMM and Copy-trading for investors | ||
| Personal offers for VIP-clients | well-regulated broker | |
| Overall Cons | High spreads and fees | complex verification process |
| No forex bonuses |
FxPro vs FP Markets: Safety and Regulation
| FxPro | FP Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
Yes |
FxPro vs FP Markets: Trading Conditions
| Trading Conditions | FxPro | FP Markets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
MT4, MT5, MultiTerminal |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
3000+ |
10000+ |
Trading Accounts |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
AUD |
FxPro vs FP Markets: Fees
| FxPro | FP Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,9 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,7 |
1,1 |
ECN Commission |
3 |
3 |
ECN Spread EUR/USD |
0,2 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-1 |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
15 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FxPro vs FP Markets: Trading Assets
| Asset Name | FxPro | FP Markets |
|---|---|---|
Overall |
3000+ trading assets |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FxPro or FP Markets: Investment Programs
| Asset Name | FxPro | FP Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: FP Markets or FxPro
| FxPro | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FxPro |
No |
Others |
No |
Iress |
|
|
|
FxPro vs FP Markets: Deposit and Withdrawal Methods
| FxPro | FP Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FxPro vs FP Markets: Research
| Research Type | FxPro | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
Yes |
FxPro vs FP Markets: Education
| Education Type | FxPro | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
FP Markets vs FxPro: Support
| Support Features | FxPro | FP Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
FxPro vs FP Markets: Forex Bonuses and Promo
| Promo | FxPro | FP Markets |
|---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
Up to $1.100 per client you introduce to FxPro |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
||
|
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on FxPro
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
-
Comment
Access to MT4, MT5, and cTrader platforms is a plus. It's convenient to choose between fixed and floating spreads, especially if your strategy requires stable conditions. The company’s capital exceeds €100 million, which inspires trust. However, the broker does not offer PAMM accounts or investment services, so it’s not suitable for passive income.
-
Comment
Tried tradin gold here... not bad at all. The raw+ acc is great fit so scalpers or even for daytraders… the spread on gold is below 1 pip most of the time
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.