FP Markets versus FxPro

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	United Kingdom	Australia
Regulators	N/A	ASIC, CMA, CySEC, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2006	2005
Execution Type(s)	No Dealing Desk	ECN/STP
Minimum Deposit	$100	$100
Negative Balance Protection	N/A
Trading Platform(s)	Other, MetaTrader 4, MetaTrader 5, cTrader+	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
Average Trading Cost EUR/USD	1.3 pips	1.2 pips
Average Trading Cost GBP/USD	1.5 pips	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.29	$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
	Get Started	Get Started

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
	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	N/A
Cryptocurrencies	N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds	N/A
ETFs
Options	N/A
Futures
Synthetics
	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	1.3 pips	1.2 pips
Average Trading Cost GBP/USD	1.5 pips	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.29	$0.16
Average Trading Cost Bitcoin	$38	$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
	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	The Bahamas, Cyprus, United Kingdom, South Africa	Australia, Cyprus, Kenya, South Africa
Name of the Regulator	N/A	ASIC, CMA, CySEC, FSCA
Regulatory License Number	509956, 078/07, 45052, SIA-F184	286354, 103, 371/18, 50926
Regulatory Tier	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
• FxPro vs FXCM
• 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