FP Markets versus CMC Markets

FP Markets maintains a competitive environment through its twelve plugins MT4/MT5 upgrade plus Autochartist. Manual traders also benefit from the geographically restricted Iress platform, while algorithmic traders get high leverage, fast order execution, and deep liquidity. MAM/PAMM module caters to asset managers, and the in-house social trading platform and Myfxbook Autotrade cater to social and copy trading.

CMC Markets provides traders with a cutting-edge proprietary web-based trading platform featuring an automated pattern recognition scanner, a price projection box, module linking, and detailed trade analytics. Algorithmic traders get the out-of-the-box MT4 and deep liquidity, while a proprietary mobile app is also available.

We have conducted an in-depth review of FP Markets and CMC Markets 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 CMC Markets - Verdict

Headquarters	United Kingdom	Australia
Regulators	FCA	ASIC, CMA, CySEC, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	1989	2005
Execution Type(s)	Market Maker	ECN/STP
Minimum Deposit	N/A	$100
Negative Balance Protection	N/A
Trading Platform(s)	MetaTrader 4, Proprietary platform, Web-based	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
Average Trading Cost EUR/USD	0.6 pips ($6.00)	1.2 pips
Average Trading Cost GBP/USD	0.9 pips ($9.00)	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.34	$0.16
Retail Loss Rate	N/A	70.70%
Minimum Raw Spreads	N/A	0.0 pips
Minimum Standard Spreads	N/A	1.0 pips
Minimum Commission for Forex	N/A	$6.00 per Round Lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons	N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading	N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

Beginner traders at FP Markets and CMC Markets get educational content and in-house market research. The former offers VPS hosting, and the latter a range of order entry methods.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
ETFs
Options	N/A
Futures
Synthetics
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Both brokers offer a well-balanced choice of trading instruments covering most sectors, ensuring clients get in-depth cross-asset exposure. CMC Markets takes the lead with its industry-leading Forex selection of 330+ currency pairs. CMC Markets also offers share basket trading.

Typical Spreads and Fees

Average Trading Cost EUR/USD	0.6 pips ($6.00)	1.2 pips
Average Trading Cost GBP/USD	0.9 pips ($9.00)	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.34	$0.16
Average Trading Cost Bitcoin	$75.00	$21.08
Minimum Raw Spreads	N/A	0.0 pips
Minimum Standard Spreads	N/A	1.0 pips
Minimum Commission for Forex	N/A	$6.00 per Round Lot
Deposit Fee	N/A
Withdrawal Fee	N/A
Inactivity Fee	N/A	No
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Core trading costs at FP Markets are lower than at CMC Markets, with minimum fees of $6.00 per lot versus $7.00. CMC Markets has a rebate program that can lower charges between 5% and 20% for high-volume traders, granting it an edge.

Security and Trust

Country of the Regulator	United Arab Emirates, Australia, Canada, Germany, New Zealand, Singapore, United Kingdom	Australia, Cyprus, Kenya, South Africa
Name of the Regulator	FCA	ASIC, CMA, CySEC, FSCA
Regulatory License Number	173730, 170627,154814, 238054, 41187, 101320, F002740, Undisclosed but confirmed	286354, 103, 371/18, 50926
Regulatory Tier	1, 1, 1, 1, 1, 2, 2	N/A
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FP Markets and CMC Markets segregate client deposits from corporate funds and offer negative balance protection. Most traders at FP Markets will deal with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. CMC Markets is a publicly listed company in the UK, and both brokers have a clean regulatory record.

FP Markets vs BlackBull Markets – 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

CMC Markets

Pros	Cons
Cutting-edge proprietary trading platform for manual traders	Low leverage for retail traders
Excellent asset selection and leading Forex broker with 330+ currency pairs	Limited deposit and withdrawal methods
In-depth educational platform for beginner traders and quality research
Publicly listed company with a clean record and decades of experience

CMC Markets remains one of the most established international multi-asset brokers and a leading Forex broker. FP Markets takes a minor overall lead due to its extensive trading platform upgrades, higher leverage for most traders, broader social and copy trading support, and a more competitive trading environment for algorithmic traders.

You might also be interested in reviewing the below broker comparisons:

• CMC vs Pepperstone
• CMC vs eToro
• CMC vs IG Markets
• FP Markets vs Tickmill
• FP Markets vs IC Markets
• FP Markets vs XM

Read full CMC Markets Review

Read full FP Markets Review