Head to head
FP Markets vs Swissquote
FP Markets is licensed by ASIC in Australia, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. Swissquote is licensed by FINMA in Switzerland; FCA in the United Kingdom; CySEC in the European Union; SFC in Hong Kong and DFSA in Dubai (DIFC), UAE. 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); Swissquote costs about $12 (Prime account: 1.2 pips, no commission). On these typical figures FP Markets is $4.1 cheaper per lot, or $41 a month at 10 lots. Swap and other fees are extra.
Minimum deposits start at $100 at FP Markets and $1,000 at Swissquote (the Prime account needs $50,000). Only FP Markets offers negative balance protection and segregated client money.
Facts last checked: FP Markets on 20 October 2026, Swissquote on 20 October 2026.
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
Comparing
FP MarketsRaw account · Australia
SwissquotePrime account · Switzerland
Overview
Founded
2005
Not yet checked
Headquarters
Sydney, Australia
Switzerland
Official websites
- fpmarkets.com
- fpmarkets.eu
- fpmarkets.co.ke
- swissquote.com
- swissquote.ch
- swissquote.co.uk
- swissquote.eu
- swissquote.cy
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
First Prudential Markets Pty Ltd
Swissquote Bank Ltd (Swissquote Bank SA)
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
Australian residents
Swiss residents and international clients not served by a local Swissquote company
All licences held
- ASIC (Australia)
- CySEC (European Union)
- CMA (Kenya)
- FSA Seychelles (Seychelles)
- FINMA (Switzerland)
- FCA (United Kingdom)
- CySEC (European Union)
- SFC (Hong Kong)
- DFSA (Dubai (DIFC), UAE)
ICF up to €20,000 (Cyprus company); none for the Australian, Seychelles or Saint Lucia companies
Swiss depositor protection up to CHF 100,000 (Swissquote Bank); FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus)
Costs
Your monthly cost
$79$7.9 per lot × 10 lots
$120$12 per lot × 10 lots
Typical GBP/USD spread
0.5 pips
1.6 pips
Typical USD/JPY spread
0.6 pips
Not yet checked
Typical XAU/USD spread
10 cents
Not yet checked
Leverage and margin
1:30 on major pairs (Australia, EU); up to 1:500 at the international companies
1:30 on major pairs (UK, EU); 1:100 standard at Swissquote Bank
Retail leverage by asset class
- Major currency pairs (Australia: 1:30
- Currency pairs (international companies): up to 1:500
- Major currency pairs (UK: 1:30
- EUR/USD and other major pairs (Swissquote Bank): 1:100 (1% margin)
- Gold (Swissquote Bank): 1:50 (2% margin)
Stop-out level
Not yet checked
30%
Account
Minimum deposit (this account)
$100
$50,000
Raw spread plus US$3 commission per lot each way (MT4, MT5, cTrader, TradingView)
Spread only, minimum trade 1 lot
Platforms and features
Platforms
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
- WebTrader
- MetaTrader 4
- MetaTrader 5
- CFXD
- TradingView
- FIX API
Markets
70+ currency pairs, metals, indices, commodities, share CFDs and crypto CFDs
About 130 currency pairs, metals and CFDs on indices, commodities and bonds
Copy trading
Not yet checked
Not yet checked
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
Withdrawal fee
Not yet checked
Not yet checked
Inactivity fee
Not yet checked
10 units of the account currency a month after 6 months without activity
Support
Customer support
Not yet checked
Not yet checked
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
- Forex accounts held with a Swiss bank supervised by FINMA, with Swiss depositor protection up to CHF 100,000
- Subsidiaries licensed by the FCA, CySEC and Hong Kong's SFC
- Spread-only pricing with no commission on forex, and live spreads shown per account on its website
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.
- High entry level: $1,000 for Standard, $10,000 for Premium and $50,000 for Prime.
- At Swissquote Bank, Swissquote warns that losses are in theory unlimited and you may have to pay in more if your balance falls below margin
- Inactivity fee of 10 a month in the account currency after only 6 months
- Says Swissquote South Africa (Pty) Ltd holds FSCA licence 43908 (advice and intermediary services); we could not confirm it on the FSCA register on 2026-10-20.
Choose at least one broker above to start comparing.
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.
- Swissquote: Trading leveraged products on the Forex platform, such as foreign exchange, spot precious metals and Contracts for Difference (CFDs), involves significant risk of loss due to the leverage and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. Losses are in theory unlimited and you may be required to make additional payments if your account balance falls below the required margin level and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. Over the past 12 months, 68.22% of retail investors have either lost money when trading CFDs, experienced a total loss of their margin at the closing of their position or ended up with a negative balance after closing their position.
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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.