Plain-English forex education. No hype, no signals.فارسی
BrokerCutForex Academy

Head to head

FP Markets vs OneRoyal

FP Markets is licensed by ASIC in Australia, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. OneRoyal is licensed by CySEC in the European Union and ASIC in Australia, 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.

Minimum deposits start at $100 at FP Markets and $5 at OneRoyal. Both offer negative balance protection and segregated client money.

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

FP Markets profileOneRoyal 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
OneRoyalStrictly regulatedRead the profile
Comparing
FP MarketsRaw account · Australia
OneRoyalEuropean Union

Overview

Founded
2005
2006
Headquarters
Sydney, Australia
Not yet checked
Official websites
  • fpmarkets.com
  • fpmarkets.eu
  • fpmarkets.co.ke
  • oneroyal.com
  • oneroyal.eu
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
First Prudential Markets Pty Ltd
Royal Financial Trading (Cy) Ltd
Regulator
ASIC
Australia
CySEC
European Union
Regulation level
Strictly regulated
Strictly regulated
Licence number
AFSL 286354
Check the register
312/16
Check the register
Clients this company serves
Australian residents
EU and EEA clients, through oneroyal.eu
All licences held
  • ASIC (Australia)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
  • CySEC (European Union)
  • ASIC (Australia)
  • VFSC (Vanuatu (international clients))
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
Investor Compensation Fund (Cyprus) for clients of the CySEC company only; Financial Commission membership (private dispute body, up to €20,000 per client) for international clients

Costs

Your monthly cost
$79$7.9 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$7.9
No accounts listed
Spread from
0.0 pips
No accounts listed
Typical EUR/USD spread
0.2 pips
No accounts listed
Commission per lot (round turn)
$6
No accounts listed
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
Up to 1:1000 on oneroyal.com accounts; EU rules cap retail leverage at 1:30 on oneroyal.eu
Retail leverage by asset class
  • Major currency pairs (Australia: 1:30
  • Currency pairs (international companies): up to 1:500
  • All accounts (oneroyal.com): Up to 1:1000
  • Major currency pairs (oneroyal.eu, EU rules): 1:30
Margin call level
Not yet checked
Not yet checked
Stop-out level
Not yet checked
20%

Account

Minimum deposit (this account)
$100
No accounts listed
Base currencies
Not yet checked
No accounts listed
Execution
Raw spread plus US$3 commission per lot each way (MT4, MT5, cTrader, TradingView)
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • MultiTerminal
  • Copy trading
  • PAMM
Markets
70+ currency pairs, metals, indices, commodities, share CFDs and crypto CFDs
Forex, metals, shares, indices, energies, ETFs and cryptocurrency CFDs
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
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
  • Debit or credit card
  • Bank wire
  • Skrill
  • Neteller
  • Cryptocurrency
  • Local payment methods
Withdrawal fee
Not yet checked
No OneRoyal fee, but fees apply if you traded less than 2 lots since your last deposit; up to 3% for currency conversion
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
Not yet checked
Round-the-clock contact via 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
  • Royal Financial Trading (Cy) Ltd holds CySEC licence 312/16, confirmed on the CySEC register, for EU clients
  • Says client money is held in segregated client accounts, and lists negative balance protection on every account
  • Low entry point ($5) with published commissions on ECN and Prime accounts
  • Publishes a list of clone websites that use its name
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.
  • International clients of oneroyal.com sign with Royal ETP LLC (St Vincent) or Royal CM Limited (Vanuatu), both offshore; St Vincent registration is not a licence
  • The ASIC licence (AFSL 420268) covers wholesale clients only
  • Leverage up to 1:1000 and deposit bonuses on oneroyal.com
  • Withdrawal fees apply if you have traded less than 2 lots since your last deposit

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.
  • OneRoyal: Online trading in leveraged Foreign Exchange and CFD instruments carries a high level of risk and may not be suitable for all investors. Leveraged trading can result in significant losses as well as potential profits. Before deciding to invest in margin instruments, carefully consider your investment objectives, level of experience, and risk appetite. You should not risk more than you can afford to lose. Always ensure you understand the risks involved and seek independent financial advice if necessary.

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.

BrokerCut on Telegram

Get the latest forex news and market analysis.

Join the channel