The out-of-the-box MT4/MT5 platforms get a twelve-plugin upgrade plus Autochartist, which creates a competitive trading environment. The geographically restricted Iress platform is also available at FP Markets, which supports account managers via the MAM/PAMM module. Social traders can use the proprietary social trading platform, copy traders get Myfxbook Autotrade, and algorithmic traders benefit from fast order execution, deep liquidity, and high leverage. .
FxPro upgrades MT4/MT5 with the Trading Central plugin, available alongside cTrader and a proprietary trading platform. The NDD order execution at FxPro, deep liquidity, fast order execution, and high leverage combine for a competitive trading environment, ideal for scalpers and algorithmic traders.
We have conducted an in-depth review of FP Markets and FxPro to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FP Markets versus FxPro - Verdict
Headquarters Regulators Tier 1 Regulator(s)? Owned by Public Company? Year Established Execution Type(s) Minimum Deposit Negative Balance Protection Trading Platform(s) Average Trading Cost EUR/USD Average Trading Cost GBP/USD Average Trading Cost WTI Crude Oil Average Trading Cost Gold Retail Loss Rate Minimum Raw Spreads Minimum Standard Spreads Minimum Commission for Forex Islamic Account Signals US Persons Accepted? Managed AccountsUnited Kingdom Australia N/A ASIC, CySEC, FSCA 2006 2005 No Dealing Desk ECN/STP $100 $100 N/A Other, MetaTrader 4, MetaTrader 5, cTrader+ MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based 1.3 pips 1.2 pips 1.5 pips 1.4 pips $0.03 $0.02 $0.29 $0.16 N/A 70.70% N/A 0.0 pips N/A 1.0 pips N/A $6.00 per Round Lot Get Started Get Started
Features and Platforms
MT4 MT5 MT4/MT5 Add-Ons cTrader Proprietary Platform Automated Trading Social/Copy Trading DOM? Guaranteed Stop Loss Scalping Hedging One-Click Trading OCO Orders Interest on MarginN/A N/A Get Started Get Started
Noteworthy:
Both brokers offer quality research, education, and VPS hosting. FxPro maintains a high-payout partnership program for passive income generation, twelve liquidity providers, and ultra-low latency data center co-location.
Available Markets
Currency Pairs Cryptocurrencies Commodities Crude Oil Gold Metals Equity Indices Stocks Stocks (non-CFDs) Bonds ETFs Options Futures SyntheticsN/A N/A N/A N/A N/A Get Started Get Started
FP Markets maintains 1,000+ trading instruments for MT5, but just over 100 for MT4, while Iress features 10,000. FxPro offers all traders 2,100+ CFDs, and both brokers feature 60+ currency pairs for Forex traders. FP Markets and FxPro ensure traders have sufficient cross-asset diversification opportunities, but FxPro covers the cryptocurrency sector better.
Typical Spreads and Fees
Average Trading Cost EUR/USD Average Trading Cost GBP/USD Average Trading Cost WTI Crude Oil Average Trading Cost Gold Average Trading Cost Bitcoin Minimum Raw Spreads Minimum Standard Spreads Minimum Commission for Forex Deposit Fee Withdrawal Fee Inactivity Fee1.3 pips 1.2 pips 1.5 pips 1.4 pips $0.03 $0.02 $0.29 $0.16 $38 $21.08 N/A 0.0 pips N/A 1.0 pips N/A $6.00 per Round Lot N/A N/A N/A No Get Started Get Started
Trading costs at FP Markets and FxPro are both highly competitive,. with the latter deploying an industry-leading cost structure. Minimum commission-free fees at FP Markets are $10.00 versus $5.00 at FxPro, while commission-based costs are $6.00 versus $4.50, plus commission-free equity trading at FxPro.
Security and Trust
Country of the Regulator Name of the Regulator Regulatory License Number Regulatory TierThe Bahamas, Cyprus, United Kingdom, South Africa Australia, Cyprus, South Africa N/A ASIC, CySEC, FSCA 509956, 078/07, 45052, SIA-F184 286354, 371/18, 50926 1, 1, 2, 4 N/A Get Started Get Started
FP Markets and FxPro both offer negative balance protection and segregate client deposits from corporate funds. Both brokers have a clean record and equally secure trading environments. The UK and Cyprus subsidiaries have an investor compensation fund, and FxPro has €100.000.000 in Tier 1 corporate capital. FP Markets caters to most international traders from its unregulated but duly registered St. Vincent and the Grenadines subsidiary.
FP Markets vs FxPro – Verdict
FP Markets
| Pros | Cons |
| Choice of trading platforms and auxiliarytrading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
FxPro
| Pros | Cons |
| Choice of four trading platforms plus services by Trading Central for MT4/MT5 | No cryptocurrencies |
| Deep liquidity, fast order execution, and high leverage | |
| Algorithmic and social trading support plus VPS hosting | |
| A competitive commission-based cost structure for cTrader/ ++ |
FxPro provides traders with a competitive environment and low costs that rank among the lowest industry wide. Both offer fast order execution, deep liquidity, and high leverage, while beginners get quality research and education at FP Markets and FxPro. FP Markets takes the overall lead due to its upgraded MT4/MT5 platforms and broader support for social and copy traders.
You might also be interested in reviewing the below broker comparisons:
- FxPro vs eToro
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- FxPro vs Alpari
- FP Markets vs Exness
- FP Markets vs IG Markets
- FP Markets vs Pepperstone
Read full FxPro Review
Read full FP Markets Review
The commission-based FP Markets account is a true ECN account.
Yes, FP Markets offers trading in the NASDAQ 100 index as a CFD.
FP Markets established itself as a leading multi-asset broker with low trading costs, upgraded trading platforms, and quality trading tools.
The minimum deposit at FXPro is $100 or a currency equivalent.
Traders can withdraw 100% of their available capital at FXPro.
FXPro is an NDD broker.
FXPro is not an ECN broker, as it explains on its website, but an NDD broker.
Yes, FP Markets has regulatory licenses in Australia and Cyprus.
No, FP Markets is unregulated in South Africa.
No, FP Markets is unregulated in the UK.
FP Markets has one market maker account, its commission-free option.
No, FP Markets does not offer a no deposit bonus.
