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

Broker Name

FP Markets

MEXEM

Broker Overview

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

ECN broker

STP

Years of Existence / Established Year

2005

2018

Customer Base / Number of Accounts

No information

Info not available

Regulation & Security

Regulations (governing bodies)

ASIC, CySEC, FSCA, FSA, SVG

Cysec AFM FSMA

Awards Won (count for the last 2 years)

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.

No major awards listed

Security Measures

ICCL

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

150 + trading assets Warrant

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

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

Individual Accounts Instituitional Accounts

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

500:1

Trade Limit (maximum per trade)

Depends on the asset type

Varies for each product

Commission (per account type)

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

Beginners to experienced traders

Experienced only

Deposit & Withdrawal Options

Deposit Methods

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

Bank Transfer

Withdrawal Methods

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

Bank Transfer

Other E-Wallets Supported

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.)

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

Practical tutorials on using TWS trader workstatioin Video tutorials

Fees & Commissions

Trading-Related Fees

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

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

0.65% per contract

Futures Contract Fees

0.85% per contract

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

500:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Starts from 0.06 to 0.30 %

0.05%

Withdrawal Fee

Upto $50

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed

Customer Support

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

24/7

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

Customer Support Methods (phone, email, live chat)

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

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Support Languages

12+

10+

Additional Information

Headquarters Location

Sydney,Australia

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

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.

While FP Markets maintains low trading fees with no minimum deposit, MEXEM includes some charges for premium features and certain asset trades, making FP Markets the better option for budget-focused traders.

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

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

FP Markets is geared toward frequent trading and analytics, while MEXEM fits those who value simplicity and guided experiences.

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