FXCM vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

FXCM

FP Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

ECN broker

Years of Existence / Established Year

1999

2005

Customer Base / Number of Accounts

No information

Regulation & Security

Regulations (governing bodies)

FCA, CySEC, ASIC, FSCA, ISA

ASIC, CySEC, FSCA, FSA, SVG

Awards Won (count for the last 2 years)

Best In Class 2024 - ForexBrokers.com

Best CFD Broker - Africa, Best Trading Experience - Africa, Most Trusted Broker in 2023, Best Price Execution in 2024, Most Transparent Broker and Best Trading Conditions in 2024.

Security Measures

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

10,000+ trading instruments shares

10,000+ trading instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Options

Futures

Bonds

Yes

Mutual Funds

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Trading station, Trading View Pro

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard, Active trading, Spread betting, Professional

Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$50

$100

Leverage Available

30:1 to 1000:1

500:1

Trade Limit (maximum per trade)

50 million per trade

Depends on the asset type

Commission (per account type)

$ 4 / lot

Best Suited For (e.g., beginners, experienced traders)

Active and experienced traders

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Withdrawal Methods

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Other E-Wallets Supported

Skrill, Neteller, Google pay, Apple pay

Skrill, Neteller, Asia bank, Stic Pay, Fasa pay, Virtual Pay, Rupee pay, Rapyd, Perfect Money, Crypto payment, Dragon Pya, Rapid transfer

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Education, Trading Guides, Trading Tools, Research

Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary

Fees & Commissions

Trading-Related Fees

Spread- 1.3 pips

Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1000:1

500:1

Non-Trading Fees

Dormant Fees

$50

Subscription Fees (for premium features, data feeds)

Advisory Fees

$30

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$25

Deposit Fee

Currency Conversion Fee

Starts from 0.06 to 0.30 %

Withdrawal Fee

Upto $50

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

Varies by product

Depends on the instrument offer

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24/7

Customer Support Methods (phone, email, live chat)

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat

Support Languages

12+

Additional Information

Headquarters Location

London, United Kingdom

Sydney,Australia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

FXCM stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, FP Markets offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

FXCM uses a digital-first onboarding approach with clear instructions and fast ID verification. FP Markets goes a step further with manual checks and optional account tiers, ideal for serious professionals.

FXCM integrates well with algorithmic trading tools and third-party plugins. In contrast, FP Markets emphasizes educational content and built-in research features within its platform.

Advanced users will enjoy FXCM capabilities, but FP Markets remains a favorite for its streamlined and beginner-centric approach.

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