Best FP Markets Alternatives 2026
Whether you're looking for lower fees, better platforms, or stronger regulation — here are the top alternatives to FP Markets based on our hands-on testing.
FP Markets is a solid broker with an overall score of 8.2/10, but it might not be the right fit for every trader. Some traders look for alternatives because of specific needs — lower spreads, different platforms, stronger regulation in their region, or simply a change in trading style.
We've tested every broker on this list with real money accounts. Here are the 5 best alternatives to FP Markets, ranked by overall score.
Top 5 Alternatives to FP Markets
| # | Broker | Overall Score | Min Deposit | Spreads | Regulation | Platforms | |
|---|---|---|---|---|---|---|---|
| 1 | I IG | 9.2 | $250 | 0.6 pips | FCAASICMAS | IG Platform, MT4 | Review → |
| 2 | I Interactive Brokers | 9.2 | $0 | 0.1 pips | SECFCAASIC | TWS, IBKR Mobile | Review → |
| 3 | S Saxo Bank | 9.0 | $2000 | 0.4 pips | FCADFSAMAS | SaxoTraderGO, SaxoTraderPRO | Review → |
| 4 | I IC Markets | 8.8 | $200 | 0.0 pips | ASICCySECFSA | MT4, MT5 | Review → |
| 5 | C CMC Markets | 8.8 | $0 | 0.7 pips | FCAASICBaFin | Next Generation, MT4 | Review → |
FP Markets vs IG — Side by Side
FP Markets
Est. 2005
IG
Est. 1974
Why switch from FP Markets?
Lower trading costs
Some alternatives offer tighter spreads or lower commissions, which can make a real difference if you trade frequently or with larger volumes.
Different platform options
FP Markets supports MT4, MT5, cTrader, IRESS. If you prefer a different platform like TradingView or need specific charting tools, an alternative may be a better fit.
Stronger regulation in your region
Regulation matters. Some brokers are licensed by more authorities or offer better investor protection schemes in specific countries.
Wider product range
FP Markets offers 10,000 instruments. If you need access to more markets — stocks, commodities, crypto — an alternative with a broader range might serve you better.
Frequently Asked Questions
What is the best alternative to FP Markets?
Based on our testing, IG is the top-rated alternative with an overall score of 9.2/10. It offers 0.6 pips spreads and is regulated by FCA, ASIC, MAS, BaFin.
Can I transfer my account from FP Markets to another broker?
You can't directly transfer a trading account between brokers. You'll need to withdraw your funds from FP Markets, open a new account with your chosen alternative, and deposit there. The process typically takes 1-5 business days.
Is FP Markets a bad broker?
Not at all. FP Markets scores 8.2/10 in our testing and is regulated by ASIC, CySEC. Looking for alternatives simply means finding a broker that better matches your specific needs and trading style.
Which alternative has the lowest fees?
Among the top alternatives, Interactive Brokers scores highest for trading costs at 9.5/10 in our testing.