If you are reading this article, you’re likely having trouble deciding whether Markets.com or FP Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Markets.com vs FP Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Markets vs FP Markets - Verdict
United States Australia ASIC, BVIFSC, CySEC, FCA, FSCA ASIC, CMA, CySEC, FSCA 2008 2005 Market Maker ECN/STP $100 $100 N/A Proprietary platform MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based 0.7 pips 1.2 pips 1.1 pips 1.4 pips $0.05 $0.02 $0.30 $0.16 79.90% 70.70% Not applicable 0.0 pips 0.6 pips 1.0 pips Commission-free $6.00 per Round Lot Visit Website Visit Website
Features and Platforms
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Markets.com features two proprietary trading platforms, Marketsi for investors and Marketsx for traders. The Investment Strategy Builder assists investors in creating customized portfolios, while the MT4/MT5 trading platforms cater to automated traders. Fourteen trading tools enhance to core trading environment, and new traders can benefit from quality educational services. FP Markets presents clients upgraded MT4/MT5 trading platforms alongside the proprietary Iress trading platform, which remains geographically restricted. MAM/PAMM accounts enable retail account management, and VPS hosting supports automated traders, while two platforms support social trading plus the integrated functionality in MT4/MT5.
Available Markets
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Forex traders at Markets.com get 67 currency pairs and 25 cryptocurrency pairs, complemented by 28 commodities. Equity traders have 2,027 equity CFDs, 40 index CFDs, 60 ETFs, 23 in-house themed stock baskets, with four bond CFDs completing the competitive asset selection. FP Markets maintains fewer assets with 60 currency pairs, five cryptocurrency pairs, and ten commodities. MT4/MT5 traders get only 54 equity CFDs and 15 index CFDs. Clients who get access to the Iress trading platform get 10,000+ equities. All traders receive equal treatment at Markets.com, where the available markets present more breadth and an overall superior choice.
Typical Spreads and Fees
0.7 pips 1.2 pips 1.1 pips 1.4 pips $0.05 $0.02 $0.30 $0.16 $51.50 $21.08 Not applicable 0.0 pips 0.6 pips 1.0 pips Commission-free $6.00 per Round Lot N/A No Visit Website Visit Website
The commission-free Forex cost structure commences with a minimum mark-up of 0.6 pips or $6 per 1.0 standard lot, one of the best ones available. The same offer starts at FP Markets from 1.0 pips or $10 per 1.0 lot. FP Markets also provides a commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot, the same as the commission-free Forex offer at Markets.com. Swap rates on leveraged overnight positions apply at both brokers, together with third-party payment processor costs. Market.com and FP Markets forward corporate actions to client portfolios.
Security and Trust
Australia, Cyprus, United Kingdom, British Virgin Islands, South Africa Australia, Cyprus, Kenya, South Africa ASIC, BVIFSC, CySEC, FCA, FSCA ASIC, CMA, CySEC, FSCA 607305, 092/08, 424008, SIBA/L/14/1067, 46860 286354, 103, 371/18, 50926 Visit Website Visit Website
The primary regulator of Markets.com is the UK Financial Conduct Authority (FCA). Additional subsidiaries operated under oversight from the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission (ASIC), and the British Virgin Islands Financial Services Commission (FSC). Markets.com also maintains a £/€/$1,000,000 excess of loss insurance policy, and its corporate owner is a publicly listed company on the LSE and a constituent of the FTSE250. FP Markets has licenses from the ASIC and the CySEC, but international traders will deal with the unregulated subsidiary operating from St. Vincent & the Grenadines.
Markets vs FP Markets – Verdict
Markets.com established itself as one of the most competitive destinations for investors and traders alike. Two proprietary trading platforms serve clients who favor a manual approach with an excellent alternative to the out-of-the-box MT4/MT5 trading platforms. The asset selection provides a quality mix across numerous sectors, while fourteen trading tools complement the core trading environment. One of the best Forex pricing environments sets this broker farther apart from most competitors. New traders receive a valuable educational tool in XRay, the personalized financial live stream service at Markets.com. FP Markets presents traders with a quality upgrade to MT4/MT5, but the asset selection remains limited unless clients qualify for the geographically restricted Iress trading platform. The commission-free cost structure remains expensive, but the commission-based alternative is competitive. FP Markets offers MAM/PAMM accounts, VPS hosting, and social trading solutions, but Markets.com maintains an overall edge across its trading environment.
You might also be interested in reviewing the below broker comparisons:
- Markets.com vs XTB
- Markets.com vs BlackBull
- Markets.com vs FXTM
- FP Markets vs FxPro
- FP Markets vs Exness
- FP Markets vs CMC
How many Forex pairs and CFDs are available to trade?/b>
Markets.com has 67 currency pairs and 2,000+ CFDs, while FP Markets counters with 60 and 100+ CFDs for all clients versus 10,000+ for Iress.
