Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FP Markets vs Spreadex: regulation and trust at a glance. ForexBrokers.com classifies Trust Scores as 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. FP Markets earns 90/99 (highly trusted) and holds 2 Tier-1 licenses plus 1 Tier-2 license. Spreadex scores 70/99 (average risk), with 1 Tier-1 license and 0 Tier-2 licenses.
Founded in 2005, FP Markets is not publicly traded and is not a bank; Spreadex, founded in 1999, is also neither publicly traded nor a bank. If regulatory strength is your priority, FP Markets shows broader top-tier oversight, while Spreadex carries fewer licenses and a lower Trust Score.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
FP Markets is the stronger choice for traders focused on low commissions and fees. Its Raw ECN account is especially competitive, with very tight spreads and a commission-based pricing model that can keep all-in costs low for forex trading. FP Markets also offers a spread-only Standard account, but that option is pricier because spreads are wider. In Australia, its Iress platform range includes lower-cost and higher-cost choices, though some accounts may come with platform or data fees unless you meet higher balance or trading requirements.
Spreadex is simpler on pricing, with average EUR/USD spreads of 0.81 pips in January 2024 and a minimum spread of 0.6 pips seen 60% of the time that month. While that is reasonably competitive, it does not match the overall value offered by FP Markets for active traders, especially those using commission-based accounts. In ForexBrokers.com’s commissions and fees category, FP Markets is rated 4.5 out of 5 stars and ranked #11 out of 36 brokers, while Spreadex is rated 4 out of 5 stars and ranked #26 out of 36 brokers.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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FP Markets and Spreadex both give traders access to forex as CFDs or spot contracts, plus a large selection of 10,000 tradeable symbols. Each broker also offers cryptocurrency CFDs, but neither lets you buy actual crypto or exchange-traded shares on U.S. or international stock exchanges. In this area, the two platforms are quite similar for everyday traders looking for broad market access through derivatives rather than direct ownership.
The main difference is in forex pairs and extra features. FP Markets lists 71 tradeable forex pairs, compared with 52 at Spreadex, and FP Markets also supports copy trading, which Spreadex does not. Even so, Spreadex has the edge in independent ratings for range of investments, earning 5 stars and ranking #13 out of 36 brokers, while FP Markets scores 4.5 stars and ranks #17. If you want more forex pairs and copy trading, FP Markets stands out; if you prefer the higher category rating, Spreadex has the slight lead.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 10000 |
| Forex Pairs (Total) | 71 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and Spreadex both give traders a choice of free demo accounts, web-based platforms, proprietary platforms, and the ability to trade straight from charts. Each broker also earns a 4-star rating for trading platforms and tools, so both offer a solid starting point for traders who want to test ideas, place trades online, and use in-house software.
Where FP Markets stands out is in its broader platform lineup. It offers a Windows desktop download, copy trading, and access to both MetaTrader 4 and MetaTrader 5, while Spreadex does not offer these options. That makes FP Markets the better pick for traders who want more platform choice and extra tools. In ForexBrokers.com’s ranking for this category, FP Markets is placed #22 out of 36 brokers, while Spreadex comes in at #35.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Spreadex both offer mobile trading apps for iPhone and Android, and each includes price alerts plus the ability to draw trendlines on charts. Both brokers also have the same 4-star rating for mobile trading apps, so on the surface they look fairly even for everyday use. One key difference is that FP Markets’ app supports auto-saving chart drawings, while Spreadex does not. FP Markets also uses MetaTrader for charting studies in its app, which may appeal to traders who want a familiar platform experience.
When it comes to syncing watchlists between the app and online account, neither broker offers that feature, so changes made on mobile do not carry over automatically. In ForexBrokers.com’s mobile trading apps category, FP Markets is ranked higher at #20 out of 36 brokers, compared with Spreadex at #34. Overall, both apps cover the basics well, but FP Markets has a slight edge for chart handling and overall mobile app ranking.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
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FP Markets and Spreadex both give traders a similar range of market research tools, including daily market commentary, forex news from top sources such as Bloomberg, Reuters, or Dow Jones, an economic calendar, Autochartist tools, and a sentiment-based trading tool that shows long and short positioning. Neither broker offers research from TipRanks or Acuity Trading. Both are rated 4 out of 5 stars for Research, showing a solid level of support for traders who want regular market updates and built-in analysis tools.
The main difference is that FP Markets also includes Trading Central tools, such as Technical Analytics, while Spreadex does not. That extra layer of research may make FP Markets the stronger choice for traders who want more chart-based insight and trade ideas. In ForexBrokers.com’s Research rankings, FP Markets places higher at #22 out of 36 brokers, compared with Spreadex at #28, giving FP Markets a slight edge overall.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, FP Markets has the edge over Spreadex in a few key areas. FP Markets offers forex and CFD education, monthly live educational webinars, and plenty of beginner and advanced trading videos, giving new traders more ways to build knowledge at their own pace. Spreadex also provides at least 10 beginner videos, but it does not offer monthly educational webinars and does not match FP Markets for advanced video content or the same level of forex and CFD-focused education.
Both brokers are rated 4 out of 5 stars for Education, so they each offer a decent starting point. Still, FP Markets is ranked higher by ForexBrokers.com at #22 out of 36 brokers, while Spreadex sits at #34, which suggests FP Markets may be the better choice for beginners who want more learning materials and ongoing guidance.
| Feature |
FP Markets
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Spreadex. FP Markets finished with an overall rank of #19, while Spreadex finished with an overall rank of #33.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Spreadex
|
|---|---|---|
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| Trust Score | 90 | 70 |
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In the FP Markets vs Spreadex comparison, neither online broker lets you buy actual (delivered) cryptocurrency, but both support cryptocurrency trading via CFDs.
FP Markets vs Spreadex funding methods: both brokers do not offer ACH/SEPA transfers but do support bank wire transfers; FP Markets additionally supports PayPal and Skrill for deposits and withdrawals while Spreadex does not, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FP Markets | Spreadex | |
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| Trust Score | 90 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
| Broker Screenshots | FP Markets | Spreadex | |
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| Regulation | FP Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 90 | 70 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 10000 | |
| Forex Pairs (Total) | 71 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Spreadex Review |
| Overall | FP Markets | Spreadex | |
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| Trust Score | 90 | 70 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Spreadex Review |
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