Updated September 29, 2026 · BrokerCue Editorial Team
FP Markets vs FXCM
FP Markets vs FXCM: the differences
| Compare |  FP Markets |  FXCM |
|---|---|---|
| Minimum deposit | A$100 | $50 |
| Markets | Forex, CFDs | Forex, CFDs, CryptoCovers more |
| Regulators | ASIC, SIPC | FCA |
| Investor protection | SIPC up to USD 500,000 | FSCS up to GBP 85,000 |
| Retail accounts that lose money | 72.5% | 63% |
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Key differences
- FP Markets scores higher overall: 9.0 vs 8.7.
- Regulators: only FP Markets offers ASIC, SIPC.
- Regulators: only FXCM offers FCA.
- FP Markets is licensed in 1 more country.
- Markets: only FXCM offers Crypto.
Our verdict on each
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.
FXCM
FXCM suits UK traders who want a single regulated account for forex, CFDs and crypto, opening from a minimum deposit of $50 with client money covered by FSCS up to GBP 85,000. The licence is a known name, which matters more than a bargain headline, since 63% of retail accounts lose money.
Score breakdown
| Area | FP Markets | FXCM |
|---|---|---|
| Cost | 8.6 | 8.7HigherEntry starts at $50 against a €4.64 site median, with dealing limited to forex, cfds and crypto. |
| Offer | 8.6 | 8.8Higher |
| Trust | 9.5Higher | 8.6 |
Choosing between them
Pick FP Markets if trust matter most.
Pick FXCM if markets matter most.
Availability and regulation
| Country | FP Markets | FXCM |
|---|---|---|
| Australia | Not confirmed | |
| United Kingdom | Not confirmed | FCA 217689 |
| United States | SIPC SIPC member 71021 | Not confirmed |
Feature by feature
| Markets | FP Markets | FXCM |
|---|---|---|
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | No | Yes |
Where these facts come from
FP Markets
- brokerchooser.com: 2 facts, checked September 26, 2026
- sipc.org: 2 facts, checked September 26, 2026
- fxscouts.ng: 1 fact, checked September 26, 2026
- leadiq.com: 1 fact, checked September 26, 2026
FXCM
- brokerchooser.com: 4 facts, checked September 26, 2026
- forexsuggest.com: 1 fact, checked September 26, 2026
- fxcmaffiliates.com: 1 fact, checked September 26, 2026
How they place
| Ranking | FP Markets | FXCM |
|---|---|---|
| Forex brokers | 59 of 147 | 83 of 147 |
| Low-spread forex brokers | 57 of 145 | 81 of 145 |
| CFD brokers | 49 of 122 | 69 of 122 |
Every fact side by side
| Fact | FP Markets | FXCM |
|---|---|---|
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Stratos Markets Limited |
Where each stands against the rest
| Fact | FP Markets | FXCM | Median |
|---|---|---|---|
| Retail accounts that lose money | 72.5%above the median | 63%lowest quarter | 72.05% |
Median across 47 listed brokers.
Pros and cons
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.
FXCM
Pros
- FCA regulation with FSCS up to GBP 85,000 protection standing behind client money.
- forex, cfds and crypto markets sit in the same account, so CFD and crypto trades stay under the same licence.
- A named UK operator, Stratos Markets Limited, sits behind the brand and the FCA licence 217689.
Cons
- The $50 minimum deposit is higher than CFI at $0 and Vantage at $5.
- The market list stops at forex, cfds and crypto, so no shares, ETFs or futures dealing sits alongside currency and crypto.
Who each suits
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
FXCM
Who it suits
- UK retail traders who want forex, CFDs and crypto under a single FCA licence rather than several brokers.
- Traders who check the operator before depositing: Stratos Markets Limited and licence 217689.
- Anyone prepared for leverage, with 63% of retail accounts losing money.
Who should look elsewhere
- eToro, if you also want shares, ETFs and futures, since it lists stocks, etfs and forex.
- CFI, if you want to start without committing cash, since its minimum deposit is $0.
- Vantage, if a smaller starting deposit matters, since Vantage asks $5.
Questions about each
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.
FXCM
What do I need to deposit to open an FXCM account?+
The published minimum deposit is $50, higher than the €4.64 median across brokers on the site. For comparison, CFI lists a minimum deposit of $0 and Vantage $5. Beyond that floor the account size is yours to set, and it shapes position sizing rather than the trading fee.
Who regulates FXCM in the UK?+
FXCM is regulated in the UK by the FCA, the sole regulator listed for the brand, and the FCA licence number is 217689. UK clients therefore sit inside the UK regulatory perimeter, with rules on how the firm holds money and treats clients. Anyone outside the UK would need to check their own regulator before opening.