Updated September 29, 2026 · BrokerCue Editorial Team
FOREX.com vs FP Markets
FOREX.com vs FP Markets: the differences
| Compare |  FOREX.com |  FP Markets |
|---|---|---|
| Minimum deposit | $100 | A$100 |
| Markets | Forex, CFDs, CryptoCovers more | Forex, CFDs |
| Regulators | FCA, NFA/CFTC, ASIC | ASIC, SIPC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Retail accounts that lose money | 74% | 72.5% |
| EUR/USD spread | 1.2% | Not confirmed |
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Key differences
- FOREX.com scores higher overall: 9.1 vs 9.0.
- Regulators: only FOREX.com offers FCA, NFA/CFTC.
- Regulators: only FP Markets offers SIPC.
- FOREX.com is licensed in 1 more country.
- Markets: only FOREX.com offers Crypto.
Our verdict on each
FOREX.com
FOREX.com suits UK retail traders who want one commission-free account covering forex, CFDs and crypto under a named UK regulator. The trade-off is the price of entry: a $100 minimum deposit sits well above the €4.64 median across the brands compared here.
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Score breakdown
| Area | FOREX.com | FP Markets |
|---|---|---|
| Cost | 8.3Commission-free pricing with a 1.2% EUR/USD spread, though the $100 minimum deposit is steep against the €4.64 site median. | 8.6Higher |
| Offer | 8.8Higher | 8.6 |
| Trust | 9.8Higher | 9.5 |
Feature by feature
| Markets | FOREX.com | FP Markets |
|---|---|---|
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
Where each is licensed and available
| Country | FOREX.com | FP Markets |
|---|---|---|
| Australia | ||
| United States | SIPC SIPC member 71021 | |
| United Kingdom | Not confirmed |
How they place
| Ranking | FOREX.com | FP Markets |
|---|---|---|
| Forex brokers | 48 of 147 | 59 of 147 |
| Low-spread forex brokers | 46 of 145 | 57 of 145 |
| CFD brokers | 39 of 122 | 49 of 122 |
Every fact side by side
| Fact | FOREX.com | FP Markets |
|---|---|---|
| Features | Crypto, Demo account, Mobile app | Not confirmed |
| Pricing model | Commission free | Not confirmed |
| Legal entity | Not confirmed | RB INTERNATIONAL MARKETS (USA) LLC |
Where each stands against the rest
| Fact | FOREX.com | FP Markets | Median |
|---|---|---|---|
| Retail accounts that lose money | 74%above the median | 72.5%above the median | 72.05% |
| EUR/USD spread | 1.2%highest quarter | Not confirmed | 0.65% |
Median across 47 listed brokers.
Pros and cons
FOREX.com
Pros
- Commission-free pricing means the 1.2% EUR/USD spread is the cost you can actually see before you trade
- Regulated in the UK by the FCA, in the US by the NFA/CFTC and in Australia by the ASIC
- UK clients have investor protection of FSCS up to GBP 85,000 behind the firm
Cons
- The $100 minimum deposit sits above $0 at CFI and $5 at Vantage, so entry is the main hurdle
- Retail accounts lose money at 74%, above the 70.15% median for the brands compared here
- The range stops at forex, CFDs and crypto, without the shares, ETFs and futures that appear in stocks, etfs and forex
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Who each suits
FOREX.com
Who it suits
- UK retail traders who want one commission-free account across forex, CFDs and crypto
- Traders who want a demo account to size up the platform before funding the $100 deposit
- People who put weight on a named UK regulator and FSCS up to GBP 85,000
Who should look elsewhere
- Anyone starting with a small sum, since CFI takes $0 and Vantage $5 against a $100 entry here
- Share and ETF investors, because eToro's range runs to stocks, etfs and forex
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
Questions about each
FOREX.com
What does it cost to trade forex on FOREX.com?+
Pricing is commission-free, so the cost sits in the spread rather than a separate deal charge. The euro against the dollar carries a spread of 1.2%, and that figure is the one to watch if you trade often or in size. The commission-free model runs across the account, not on one pair alone.
How much do I need to deposit to open an account?+
The minimum deposit is $100. That is a clear step up from the €4.64 median across the brands compared here, and well above $0 at CFI and $5 at Vantage. Plan the funding before you open, because the threshold applies at the account level.
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
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