FXOpen
FP Markets
FXOpen vs FP Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXOpen and FP Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXOpen, founded in 2005 and headquartered in Christchurch, New Zealand, is regulated by FCA, ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $1. FP Markets, established in 2005 in Sydney, Australia, holds licenses from ASIC, CySEC with spreads from 0.0 pips and a $100 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.
- 🖥️
FXOpen runs on MT4, MT5, TickTrader, while FP Markets uses MT4, MT5, cTrader, IRESS — 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
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
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
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 | 7.8/10 | 8.2/10 ✓ |
| Min Deposit Lower is better | $1 ✓ | $100 |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, TickTrader | MT4, MT5, cTrader, IRESS |
| Regulation | FCA, ASIC, CySEC | ASIC, CySEC |
| Founded Older track record highlighted | 2005 ✓ | 2005 ✓ |
| Markets | 600+ | 10,000+ ✓ |
Fees & Costs
When it comes to trading costs, FXOpen has the edge with a score of 8.5/10 versus 8.5/10 for FP Markets. FXOpen offers spreads starting from 0.0 pips, while FP Markets starts from 0.0 pips. The minimum deposit at FXOpen is $1, compared to $100 at FP Markets. 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. FXOpen provides MT4, MT5, TickTrader, while FP Markets offers MT4, MT5, cTrader, IRESS. 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. FXOpen is regulated by FCA, ASIC, CySEC (Tier 1), while FP Markets holds licenses from ASIC, CySEC (Tier 1). FXOpen scores 9/10 and FP Markets scores 8.5/10 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 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXOpen and FP Markets 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
FXOpen offers 24/5 Live Chat, Email and scores 7/10, while FP Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. 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
FXOpen scores 7.5/10 for deposits and withdrawals, while FP Markets scores 8/10. FXOpen accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and FP Markets supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. FXOpen requires a minimum deposit of $1 versus $100 for FP Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
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
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
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXOpen better than FP Markets?
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, FXOpen or FP Markets?
FXOpen scores higher for trading costs. FXOpen offers spreads from 0.0 pips with a $1 minimum deposit, while FP Markets starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXOpen safe to trade with?
FXOpen is regulated by FCA, ASIC, CySEC and scores 9/10 for regulation. FP Markets is regulated by ASIC, CySEC with a score of 8.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXOpen or FP Markets?
FP Markets scores 8.5/10 for platforms. FXOpen offers MT4, MT5, TickTrader, while FP Markets provides MT4, MT5, cTrader, IRESS. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXOpen vs FP Markets?
FXOpen requires a minimum deposit of $1, while FP Markets requires $100. 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.