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Head to head

FP Markets vs FxPro

FP Markets is licensed by ASIC in Australia, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. FxPro is licensed by FCA in the United Kingdom, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

On its cheapest account per lot, FP Markets costs about $7.9 per standard lot on EUR/USD (Raw account: 0.2 pips plus $6 commission); FxPro costs about $9.6 (Raw+ account: 0.3 pips plus $7 commission). On these typical figures FP Markets is $1.7 cheaper per lot, or $17 a month at 10 lots. Swap and other fees are extra.

Minimum deposits start at $100 at FP Markets and $0 at FxPro. Both offer negative balance protection and segregated client money.

Facts last checked: FP Markets on 20 October 2026, FxPro on 20 October 2026.

FP Markets profileFxPro profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
FP MarketsStrictly regulatedRead the profile
FxProStrictly regulatedRead the profile
Comparing
FP MarketsRaw account · Australia
FxProRaw+ account · United Kingdom

Overview

Founded
2005
Not yet checked
Headquarters
Sydney, Australia
London, United Kingdom
Official websites
  • fpmarkets.com
  • fpmarkets.eu
  • fpmarkets.co.ke
  • fxpro.com
  • fxpro.co.uk
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
First Prudential Markets Pty Ltd
FxPro UK Limited
Regulator
ASIC
Australia
FCA
United Kingdom
Regulation level
Strictly regulated
Strictly regulated
Licence number
AFSL 286354
Check the register
509956
Check the register
Clients this company serves
Australian residents
UK residents
All licences held
  • ASIC (Australia)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
ICF up to €20,000 (Cyprus company); none for the Australian, Seychelles or Saint Lucia companies
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company

Costs

Your monthly cost
$79$7.9 per lot × 10 lots
$96$9.6 per lot × 10 lots
Cost per lot (EUR/USD)
$7.9
$9.6
Spread from
0.0 pips
0.2 pips
Typical EUR/USD spread
0.2 pips
0.3 pips
Commission per lot (round turn)
$6
$7
Typical GBP/USD spread
0.5 pips
Not yet checked
Typical USD/JPY spread
0.6 pips
Not yet checked
Typical XAU/USD spread
10 cents
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs (Australia, EU); up to 1:500 at the international companies
1:30 on major pairs for UK and EU retail clients; dynamic leverage with no fixed cap on major pairs at the Bahamas company
Retail leverage by asset class
  • Major currency pairs (Australia: 1:30
  • Currency pairs (international companies): up to 1:500
  • Major currency pairs: 1:30 (UK/EU); dynamic, no fixed cap (Bahamas)
  • Minor currency pairs: 1:20 (UK/EU); 1:500 (Bahamas)
  • Gold: 1:20 (UK/EU); 1:10000 (Bahamas)
  • Major indices: 1:20 (UK/EU); 1:500 (Bahamas)
  • Energies: 1:10 (UK/EU); 1:200 (Bahamas)
  • Shares and ETFs: 1:5 (UK/EU); 1:25 (Bahamas)
  • Cryptocurrencies: 1:2 (UK/EU); 1:500 (Bahamas)
Margin call level
Not yet checked
Not yet checked
Stop-out level
Not yet checked
50% for UK and EU retail accounts; FxPro states 0% for accounts at its global entity

Account

Minimum deposit (this account)
$100
$0
Base currencies
Not yet checked
Not yet checked
Execution
Raw spread plus US$3 commission per lot each way (MT4, MT5, cTrader, TradingView)
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • WebTrader
  • FxPro platform and app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
Markets
70+ currency pairs, metals, indices, commodities, share CFDs and crypto CFDs
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
Demo account
Yes
Yes
Copy trading
Not yet checked
No
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank wire
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Crypto
  • Broker-to-broker transfer
  • Bank transfer
  • Local bank transfer
  • Debit or credit card
  • E-wallet
Withdrawal fee
Not yet checked
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
Inactivity fee
Not yet checked
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request

Support

Customer support
Not yet checked
24/5 by live chat, email and phone

Our notes

Strengths
  • Licensed by ASIC and CySEC, with retail client money held separately from company funds
  • Publishes average spreads per account (EUR/USD 1.29 pips Standard, 0.19 pips Raw)
  • Wide platform choice, including cTrader and TradingView
  • UK company authorised by the FCA and EU company licensed by CySEC, both strict regulators
  • Client money held in segregated accounts, with negative balance protection for all clients
  • Raw+ account costs about $9.60 per lot on EUR/USD, against about $14.90 on Standard
Watch out for
  • The international website is operated by FP Markets Ltd, a Saint Lucia company (registration 2025-00853) that holds no financial licence; check which company your client agreement names.
  • International clients may be placed with the Seychelles company (offshore tier), with leverage up to 1:500 and no compensation scheme
  • Says FP Markets (Pty) Ltd is an FSCA-authorised financial services provider (FSP 50926); we could not confirm it on the FSCA register on 2026-10-20 because the register could not be reached.
  • Clients outside the UK and EU usually join the Bahamas company, with lighter rules and no FSCS or ICF cover
  • Leverage at the Bahamas company is dynamic with no fixed cap on major pairs, which magnifies losses
  • Live accounts are disabled after 3 months of inactivity

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • FP Markets: Derivative products are highly leveraged, carry a high level of risk and may not be appropriate for all investors. The legal documents should be considered before entering into transactions with us.
  • FxPro: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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