Compare FXOpen Vs FP Markets: Which is the Better Forex Broker in 2024?
FXOpen Vs FP Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXOpen Vs FP Markets, here is the direct comparison:
Compare | FXOpen | FP Markets |
General Rating |
2.86/5 |
3.20/5 |
Score | ||
Trustpilot |
4.2/5 12 users |
4.8/5 6190 users |
πΌ Regulation | ||
β Info | ||
β Established | 2003 | 2005 |
π² Min Deposit | $1 | $100 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $1.50 | $3 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish | Arabic, Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese |
πͺ Trade Now | Open FXOpen | Open FP Markets |
Compare Again
Testimonials
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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FP Markets: It's concerning me
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FP Markets: Impressive cost
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FP Markets: Very pleased!
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FP Markets: Total gem!
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FP Markets: Problem with withdrawal
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See More FXOpen Testimonials
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See More FP Markets Testimonials
News
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FP Markets Awarded Best for Fees & Algorithmic Trading
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Unleash Your Earning Potential: Refer a Friend to FP Markets and Earn Up to $200!
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Level Up Your Trades: FP Markets Forex Broker Partners with TradingView
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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Forex Broker FP Markets Expands to Africa with Kenya License
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FP Markets Crowns the Best Trading Tool in 2023 by FXScouts
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FP Markets Powers Cricket Brasil Youth with Impactful Sponsorship
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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FP Markets Introducing CFDs Paired Against Cross Currencies
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See More Related FXOpen News
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See More Related FP Markets News
Article
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Comparing Pepperstone and FP Markets Trading App
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FP Markets Vs Pepperstone for Cryptocurrency Trading
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What is DMA Pricing in FP Markets?
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See More Related FXOpen Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXOpen provides their pricing with Variable spread while FP Markets offers Variable spread.
FXOpen vs FP Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FXOpen enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FP Markets provides trading with MetaTrader 4, MetaTrader 5, TradingView, cTrader, Web with the support of One-click trading, Trailing stop, Pending orders.
Is FXOpen or FP Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FXOpen supports trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies, while FP Markets presents the ability of trading with Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver, Bonds.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FXOpen and FP Markets:
- Compare FXOpen vs RoboForex
- Compare FXOpen vs Interactive Brokers
- Compare FXOpen vs MTrading
- Compare FP Markets vs LiteFinance
- Compare FP Markets vs FIBOGroup
- Compare FP Markets vs Tickmill
For more comparisons, visit this page.