FP Markets
Colmex Pro
FP Markets vs Colmex Pro
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FP Markets and Colmex Pro are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FP Markets, founded in 2005 and headquartered in Sydney, Australia, is regulated by ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $100. Colmex Pro, established in 2010 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.3 pips and a $500 minimum deposit. In our hands-on testing across 8 scoring categories, FP Markets scored 8.2/10 overall compared to Colmex Pro's 7/10, making it the stronger pick for most traders. That said, Colmex Pro holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FP Markets scores 8.2/10 overall vs 7/10 for Colmex Pro — a 1.2-point difference.
- 💵
FP Markets requires just $100 to start, while Colmex Pro needs $500 — FP Markets is 5x more accessible.
- 📈
FP Markets offers 10,000+ instruments vs 5,000+ at Colmex Pro — a notable difference in market coverage.
- 🖥️
FP Markets runs on MT4, MT5, cTrader, IRESS, while Colmex Pro uses Colmex Pro Platform — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: FP Markets scores 8.5 vs 7.0 for Colmex Pro — a 1.5-point difference.
Our Verdict
FP Markets
Score: 8.2/10 · Wins 7 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
Colmex Pro
Score: 7.0/10 · Wins 0 categories- You prefer Colmex Pro's trading environment overall
FP Markets takes the lead with an overall score of 8.2/10 compared to 7/10, winning in 7 out of 8 scoring categories. FP Markets stands out for lower trading costs and better trading platforms, while Colmex Pro remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, FP Markets comes out ahead with a 8.2/10 overall rating, winning 7 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. FP Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Colmex Pro is not without merit — it scores 7/10 overall and excels in Product Range (8.0/10). For a complete breakdown, read our full FP Markets review and Colmex Pro review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FP Markets wins by 1.5 points
FP Markets wins by 1.5 points
FP Markets wins by 1.0 points
FP Markets wins by 1.5 points
FP Markets wins by 1.5 points
FP Markets wins by 0.5 points
FP Markets wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.2/10 ✓ | 7.0/10 |
| Min Deposit Lower is better | $100 ✓ | $500 |
| Max Leverage | 1:500 | 1:200 |
| Spreads From | 0.0 pips | 0.3 pips |
| Platforms | MT4, MT5, cTrader, IRESS | Colmex Pro Platform |
| Regulation | ASIC, CySEC | CySEC |
| Founded Older track record highlighted | 2005 ✓ | 2010 |
| Markets | 10,000+ ✓ | 5,000+ |
Fees & Costs
When it comes to trading costs, FP Markets has the edge with a score of 8.5/10 versus 7/10 for Colmex Pro. FP Markets offers spreads starting from 0.0 pips, while Colmex Pro starts from 0.3 pips. The minimum deposit at FP Markets is $100, compared to $500 at Colmex Pro. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FP Markets scores 8.5/10 for platforms compared to 7/10 for Colmex Pro. FP Markets provides MT4, MT5, cTrader, IRESS, while Colmex Pro offers Colmex Pro Platform. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FP Markets is regulated by ASIC, CySEC (Tier 1), while Colmex Pro holds licenses from CySEC (Tier 1). FP Markets scores 8.5/10 and Colmex Pro scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FP Markets leads with 7/10 compared to 5.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FP Markets and Colmex Pro both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FP Markets offers 24/7 Live Chat, Email, Phone and scores 8/10, while Colmex Pro provides 24/5 Email, Phone with a score of 6.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FP Markets scores 8/10 for deposits and withdrawals, while Colmex Pro scores 6.5/10. FP Markets accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and Colmex Pro supports Bank Transfer, Credit Card. Processing times, fees, and available currencies vary. FP Markets requires a minimum deposit of $100 versus $500 for Colmex Pro. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FP Markets if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FP Markets better than Colmex Pro?
FP Markets scores higher overall (8.2/10 vs 7/10), winning 7 of 8 categories. However, Colmex Pro remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, FP Markets or Colmex Pro?
FP Markets scores higher for trading costs. FP Markets offers spreads from 0.0 pips with a $100 minimum deposit, while Colmex Pro starts from 0.3 pips with $500 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FP Markets safe to trade with?
FP Markets is regulated by ASIC, CySEC and scores 8.5/10 for regulation. Colmex Pro is regulated by CySEC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FP Markets or Colmex Pro?
FP Markets scores 8.5/10 for platforms. FP Markets offers MT4, MT5, cTrader, IRESS, while Colmex Pro provides Colmex Pro Platform. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FP Markets vs Colmex Pro?
FP Markets requires a minimum deposit of $100, while Colmex Pro requires $500. FP Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.