FP Markets
FXOpen
FP Markets vs FXOpen
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FP Markets and FXOpen 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. FXOpen, established in 2005 in Christchurch, New Zealand, holds licenses from FCA, ASIC, CySEC with spreads from 0.0 pips and a $1 minimum deposit. In our hands-on testing across 8 scoring categories, FP Markets scored 8.2/10 overall compared to FXOpen's 7.8/10, making it the stronger pick for most traders. That said, FXOpen holds its own with stronger regulation, 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 7.8/10 for FXOpen — a 0.4-point difference.
- 💵
FXOpen requires just $1 to start, while FP Markets needs $100 — FXOpen is 100x more accessible.
- 📈
FP Markets offers 10,000+ instruments vs 600+ at FXOpen — a massive gap in market coverage.
- 🖥️
FP Markets runs on MT4, MT5, cTrader, IRESS, while FXOpen uses MT4, MT5, TickTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Customer Service: FP Markets scores 8.0 vs 7.0 for FXOpen — a 1.0-point difference.
Our Verdict
FP Markets
Score: 8.2/10 · Wins 6 categories- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
FXOpen
Score: 7.8/10 · Wins 1 categories- Top-tier regulation and fund safety are your priority
- You prefer a low minimum deposit ($1)
- You prefer FXOpen's trading environment overall
FP Markets takes the lead with an overall score of 8.2/10 compared to 7.8/10, winning in 6 out of 8 scoring categories. FP Markets stands out for better trading platforms and superior education resources, while FXOpen fights back with stronger regulation.
Detailed Verdict
After testing both brokers with real accounts, FP Markets comes out ahead with a 8.2/10 overall rating, winning 6 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. FXOpen is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (9.0/10), winning 1 category. Traders who value stronger regulation may find FXOpen the better fit. For a complete breakdown, read our full FP Markets review and FXOpen review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FP Markets wins by 0.5 points
FXOpen wins by 0.5 points
FP Markets wins by 0.5 points
FP Markets wins by 1.0 points
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.2/10 ✓ | 7.8/10 |
| Min Deposit Lower is better | $100 | $1 ✓ |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader, IRESS | MT4, MT5, TickTrader |
| Regulation | ASIC, CySEC | FCA, ASIC, CySEC |
| Founded Older track record highlighted | 2005 ✓ | 2005 ✓ |
| Markets | 10,000+ ✓ | 600+ |
Fees & Costs
When it comes to trading costs, FP Markets has the edge with a score of 8.5/10 versus 8.5/10 for FXOpen. FP Markets offers spreads starting from 0.0 pips, while FXOpen starts from 0.0 pips. The minimum deposit at FP Markets is $100, compared to $1 at FXOpen. 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 8/10 for FXOpen. FP Markets provides MT4, MT5, cTrader, IRESS, while FXOpen offers MT4, MT5, TickTrader. 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 FXOpen holds licenses from FCA, ASIC, CySEC (Tier 1). FP Markets scores 8.5/10 and FXOpen scores 9/10 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 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FP Markets and FXOpen 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 FXOpen provides 24/5 Live Chat, Email with a score of 7/10. 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 FXOpen scores 7.5/10. FP Markets accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and FXOpen supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. FP Markets requires a minimum deposit of $100 versus $1 for FXOpen. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FP Markets if you...
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
Choose FXOpen if you...
- Top-tier regulation and fund safety are your priority
- You prefer a low minimum deposit ($1)
- You prefer FXOpen's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FP Markets better than FXOpen?
FP Markets scores higher overall (8.2/10 vs 7.8/10), winning 6 of 8 categories. However, FXOpen is stronger in stronger regulation. The best choice depends on what matters most to your trading style.
Which has lower fees, FP Markets or FXOpen?
FP Markets scores higher for trading costs. FP Markets offers spreads from 0.0 pips with a $100 minimum deposit, while FXOpen starts from 0.0 pips with $1 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. FXOpen is regulated by FCA, ASIC, CySEC with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FP Markets or FXOpen?
FP Markets scores 8.5/10 for platforms. FP Markets offers MT4, MT5, cTrader, IRESS, while FXOpen provides MT4, MT5, TickTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FP Markets vs FXOpen?
FP Markets requires a minimum deposit of $100, while FXOpen requires $1. FXOpen 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.