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Head to head

FP Markets vs Trendo

FP Markets is licensed by ASIC in Australia, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. Trendo is licensed by FSC Mauritius in Mauritius (international clients). 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 $10 at Trendo. Only FP Markets offers negative balance protection and segregated client money.

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

FP Markets profileTrendo 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
TrendoRegulatedRead the profile
Comparing
FP MarketsRaw account · Australia
TrendoMauritius (international clients)

Overview

Founded
2005
Not yet checked
Headquarters
Sydney, Australia
Port Louis, Mauritius
Official websites
  • fpmarkets.com
  • fpmarkets.eu
  • fpmarkets.co.ke
  • trendo.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
First Prudential Markets Pty Ltd
Trending Markets (International) Ltd
Regulator
ASIC
Australia
FSC Mauritius
Mauritius (international clients)
Regulation level
Strictly regulated
Regulated
Licence number
AFSL 286354
Check the register
GB25205094 (SEC-2.1B Investment Dealer)
Check the register
Clients this company serves
Australian residents
International clients, depending on country of residence; the website does not say which countries go to this company and which to Trendo LLC (Armenia)
All licences held
  • ASIC (Australia)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
  • FSC Mauritius (Mauritius (international clients))
Segregated client money
Yes
No
Negative balance protection
Yes
No
Compensation scheme
ICF up to €20,000 (Cyprus company); none for the Australian, Seychelles or Saint Lucia companies
None

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 1:2000 (1:500 on PAMM accounts and on balances below $50)
Retail leverage by asset class
  • Major currency pairs (Australia: 1:30
  • Currency pairs (international companies): up to 1:500
  • Real and demo accounts: 1:25 to 1:2000
  • Balances below $50: Up to 1:500
  • PAMM accounts: Up to 1:500
  • Around major news and market open or close: Cut to 1:500 or 1:200
Margin call level
Not yet checked
100%
Stop-out level
Not yet checked
70%

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
  • Trendo app (iOS and Android)
  • Trendo desktop (Windows and Mac)
  • Trendo web trader
Markets
70+ currency pairs, metals, indices, commodities, share CFDs and crypto CFDs
Forex, gold and metals, cryptocurrencies, stocks and other CFDs
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
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
  • Visa
  • Mastercard
  • Tether (TRC20 and BEP20)
  • USDC
  • Bitcoin
  • Ethereum
  • Tron
  • BNB
Withdrawal fee
Not yet checked
No Trendo fee on any method; blockchain network fees may apply
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
Not yet checked
24/7 support and live chat

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
  • Trending Markets (International) Ltd is on the FSC Mauritius register as an investment dealer (SEC-2.1B), licensed since 28 October 2025
  • One simple account from $10, with a published $3 commission per lot
  • No Trendo fees on deposits or withdrawals, with a $10 minimum per transaction
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.
  • Some clients are served by Trendo LLC in Armenia (registration 271.110.1214359); Trendo shows a company registration and charter update for it, and does not cite a financial licence
  • Leverage up to 1:2000 and deposit bonuses that come with trading conditions
  • We found no document setting out where client money is held or whether you have negative balance protection
  • Proprietary platform only; no MetaTrader

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.
  • Trendo: Forex and CFD trading are complex instruments and come with a high risk of rapid capital loss due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how these instruments work and whether you can afford to take the high risk associated with CFD trading. Trade responsibly: always consider your investment objectives, experience level, and risk appetite. If needed, seek advice from an independent financial advisor.

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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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