FP Markets vs FXTM

Quick Answer

Best for	Winner	Why
Starting small	FP Markets	No stated minimum against $30 on Micro
Raw-account commission	FP Markets	About $6 per lot round turn against $7
Top-tier licences in the group	FP Markets	ASIC and CySEC; FXTM holds no top-tier licence
No inactivity fee	FP Markets	FXTM: $10 a month after 3 months without trading
Copy trading	FP Markets	FXTM: No copy trading service on its site
cTrader	FP Markets	FXTM doesn’t offer it

A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.

Comparison Table

	FP Markets	FXTM
Operating since	2005	Over ten years (FXTM’s own figure)
Company for international clients	FP Markets Ltd, registered in Saint Lucia (a registration, not a licence)	Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295)
Regulators in the group	ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration	FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only)
Minimum deposit	None stated	$30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage
Commission-free spreads	Standard from 1.0 pip (EUR/USD average 1.2)	Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips
Raw-spread account	Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side	Advantage from 0.0 pips plus $3.50 per side on forex
Maximum leverage	1:500	1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400)
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, FXTM app
Copy trading	Social Trading on MT4 and MT5; cTrader Copy	No copy trading service on its site
Inactivity fee	None	$10 a month after 3 months without trading
Withdrawal fee	None on bank wires from FP Markets	Card $3, bank wire $30; Skrill, Neteller and crypto free
Swap-free	Islamic accounts with admin fees after a grace period	Swap-free option on Rewards Plus, Rewards and Advantage
Bonus	None; Refer a Friend only	Welcome bonus paid in Reward Points (up to $500) and FXTM Rewards loyalty points

Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.

Regulation and Safety

FP Markets’ group is regulated by ASIC in Australia and CySEC in Cyprus, and its site also names the FSCA in South Africa and the FSA in Seychelles. Many international clients, however, are placed with FP Markets Ltd, which is registered in Saint Lucia and is not a member of an investor compensation fund.

FXTM is the trading brand of the Exinity group. International clients deal with Exinity Limited, licensed by the FSC in Mauritius (C113012295), which also holds an FSCA licence in South Africa (FSP 50320); Kenyan clients deal with Exinity Capital East Africa, licensed by Kenya’s CMA. FXTM names no UK or EU company, and says it keeps client funds in segregated accounts at top-tier banks.

On paper FP Markets has the stronger regulatory footprint, but that only helps if your account sits with one of its strictly regulated companies. Check which company your country places you with before you deposit.

Trading Costs

On commission-free accounts, FP Markets lists: Standard from 1.0 pip (EUR/USD average 1.2). FXTM lists: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. “From” figures are minimums, so expect wider live spreads, especially around news.

Both offer a raw-spread account. FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side. FXTM: Advantage from 0.0 pips plus $3.50 per side on forex. For frequent traders, a raw account usually costs less per trade than a spread-only one.

FP Markets lists no inactivity fee. FXTM’s inactivity fee: $10 a month after 3 months without trading. Withdrawal fees: FP Markets: none on bank wires from FP Markets; FXTM: Card $3, bank wire $30; Skrill, Neteller and crypto free.

Platforms and Copy Trading

FP Markets offers MT4, MT5, cTrader and TradingView. FXTM offers MT4, MT5 and FXTM app.

FP Markets’s copy trading: Social Trading on MT4 and MT5; cTrader Copy. FXTM has no copy trading service of its own (no copy trading service on its site). Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.

Leverage

FP Markets’s maximum leverage: 1:500. FXTM’s: 1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400).

A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.

Which One Should You Choose?

Go with FP Markets if:

• You trade often and want raw spreads with a low commission
• You want cTrader or TradingView
• You want a group with ASIC and CySEC licences

Go with FXTM if:

• You want to start small on a $30 Micro cent account
• You want a raw-spread account at $3.50 per side
• You want loyalty points on the volume you trade

Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.

FAQ

Which has the lower minimum deposit, FP Markets or FXTM? FP Markets. FP Markets: none stated. FXTM: $30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage.

How are FP Markets and FXTM regulated? FP Markets’s international clients deal with FP Markets Ltd, registered in Saint Lucia (a registration, not a licence). FXTM’s deal with Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295). Group regulators: FP Markets: ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration; FXTM: FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only).

Which is cheaper to trade with? It depends on the account. Commission-free: FP Markets: Standard from 1.0 pip (EUR/USD average 1.2); FXTM: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. Raw accounts: FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side; FXTM: Advantage from 0.0 pips plus $3.50 per side on forex.

Does either charge an inactivity fee? FP Markets: none. FXTM: $10 a month after 3 months without trading.

Do both offer copy trading? FP Markets: Social Trading on MT4 and MT5; cTrader Copy. FXTM: no copy trading service on its site.

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