Fortrade vs FP Markets

Fortrade or FP Markets – which is better for UK traders 2026? Compare Fortrade and FP Markets in this detailed breakdown of their platforms, features and fees.

Fortrade vs FP Markets Comparison Table 2026
Fortrade FP Markets
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4
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Fortrade is ranked #23 among CFD brokers. FP Markets is ranked #43 among CFD brokers.
Review
Review
Fortrade is a well-regulated broker with oversight from authorities such as the FCA, CySEC, and ASIC. The firm offers trading on diverse instruments like stocks, bonds, commodities, forex, indices, cryptocurrencies, and ETFs. It provides competitive fees and supports both MetaTrader 4 and its own trading platform. Founded in 2005 in Australia, FP Markets is a broker regulated by both ASIC and CySEC. It offers a wide range of tradable assets and provides Standard and Raw accounts suitable for traders of all levels. The platform excels in tools, featuring the MetaTrader suite, user-friendly TradingView, and practical insights from Trading Central and AutoChartist.
Pros
  • In recent years, many brokers have given up their EU licences, depriving European traders of regulated access. Fortrade, however, retains its CySEC licence under MiFID II. This ensures German, French, and other EU traders have a compliant option with separated client funds and a clear complaints procedure.
  • In Fortrade's regulatory framework, no compensation scheme parallels the CIPF's CAD 1 million coverage for eligible Canadian clients. This stands as the top investor protection cap by any FCA/ASIC/CySEC-tier broker in Canada, yet it often goes unnoticed.
  • Few retail CFD brokers provide both bond CFDs on 5Y, 10Y, and 30Y US Treasuries and soft commodity exposure within a single account. This concurrent offering is rare for traders seeking macro hedging tools or soft commodity access without a specialised platform.
  • FP Markets provides an excellent range of trading options, thanks to its broadened commodities offerings and support for more than 10,000 stocks.
  • FP Markets stands out as a highly accommodating broker for platform selection, offering MetaTrader, cTrader, Iress, and the more recent addition of TradingView.
  • FP Markets provides swift and reliable support, accessible 24 hours a day, five days a week, with average response times under one minute during tests.
  • FP Markets offers a smooth onboarding process, featuring cryptocurrency deposits and a choice of more than 10 base currencies, appealing to traders worldwide.
  • FP Markets now offers advanced research tools from Trading Central and Autochartist. These tools assist traders in spotting short-term opportunities by analysing chart patterns, indicators, and other technical elements.
  • FP Markets Intelligence now includes AI-driven sentiment analysis, trading signals, and real-time NewsIQ research, integrated into MT4 and MT5.
Cons
  • Fortrade operates as a market maker, offering no Raw or ECN options. All clients, irrespective of deposit or experience, encounter identical internal pricing during NFP, FOMC, and BOE announcements. As liquidity decreases and slippage increases, the EUR/USD spread of 2 to 2.5 pips results in significantly higher entry costs during news releases than suggested by the headline model.
  • Mauritius-based international clients can access 1:200 leverage on major FX pairs—six times the FCA limit for retail traders. There is no compensation scheme, fewer conduct rules, and no Financial Ombudsman equivalent. This mix of high leverage and limited safeguards is Fortrade's main structural risk.
  • Fortrade's platforms, Fortrader and MT4, provide fundamental tools but lag behind the fast-evolving retail CFD market. Fortrader is user-friendly but lacks depth and has stability problems under stress. MT4 offers solid functionality but is outdated. The absence of MT5, TradingView, cTrader, copy trading, and PAMM individually may be manageable, but collectively they limit traders whose needs expand past the beginner level.
  • The Raw account offers excellent pricing. However, the Standard account has wider spreads, averaging 1.1 pips on EUR/USD, which lags behind the competitive 0.8-pip spread at IC Markets.
  • FP Markets’ Iress platform is exclusively available to Australian clients. The platform is geared towards stock trading rather than forex. Data fees may accumulate quickly unless you are an active trader or hold a high-balance account.
  • FP Markets falls short of leading MetaTrader brokers. Although it provides a Trader's Toolbox on MT4, it offers only 130 instruments, restricting opportunities for serious traders. In contrast, Pepperstone offers 1,300 assets.
  • Traders Hub offers valuable resources such as the Daily Report, Technical Report, Market Insights, and Fundamental Analysis. Yet, it should diversify its daily content and ensure its forex news remains current to compete with market leaders like IG.
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, FSC, CIRO, DFSA, CySEC ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
Mobile Apps
iOS & Android iOS & Android
Trading App
The Fortrader mobile app allows trading of over 60 currency pairs. Users can view daily market insights and handle deposits and withdrawals through the app. Available on the Apple App Store and Google Play. FP Markets lacks a proprietary web or mobile app, which may deter beginners. Yet, mobile versions of MT4/MT5, cTrader, and TradingView provide real-time quotes, advanced charts, account management, and order execution. Australian clients gain exclusive access to the Iress mobile platform, featuring advanced analytics, module linking, and portfolio management.
iOS App Rating
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3.5
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4
Android App Rating
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4.2
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4
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
FP Markets has launched its own social copy trading platform and provides access to the MetaTrader signals market. Additionally, it supports Myfxbook, making FP Markets a strong choice for social copy trading. Despite the platform being less user-friendly than cTrader Copy, these features enhance its appeal for traders.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Corn
  • Cotton
  • Palladium
  • Platinum
  • Sugar
  • Wheat
  • Natural Gas
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Platinum
  • Palladium
  • Copper
  • Aluminium
  • Soybeans
  • Corn
  • Wheat
  • Steel
  • Iron
  • Cocoa
  • Cotton
  • Sugar
  • Coffee
CFD
Fortrade offers a diverse selection of leveraged CFDs across various asset classes such as forex, stocks, bonds, indices, commodities, and cryptocurrencies. Traders benefit from leverage up to 1:30, zero commission, fast execution, and low latency, whether using MetaTrader 4 or Fortrade’s bespoke platform. FP Markets provides CFD trading across an excellent range of financial instruments, including stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. Traders benefit from competitive spreads, rapid execution, and leverage up to 1:500, supported by top-tier liquidity. This ensures a smooth and efficient experience for short-term market participants.
Leverage
1:30 (varies by entity) 1:30 (UK), 1:500 (Global)
FTSE Spread
2 1.64
GBPUSD Spread<
2 1.9 average
Oil Spread
0.04 0.04
Stocks Spread
Variable Variable
Forex
Fortrade provides over 60 currency pairs, featuring a solid range of major, minor, and exotic options. Traders can use MT4 or Fortrade's proprietary, low-latency platform. The USD/GBP spread typically averages a competitive 2 pips. FP Markets is an outstanding choice for forex enthusiasts, offering more than 70 currency pairs, with an expanded range of exotic options. Traders benefit from competitive pricing, with average spreads as low as 0.1 on EUR/USD in the Raw account.
Assets
60+ 70+
GBPUSD Spread
2 0.2
EURUSD Spread
2 0.1
EURGBP Spread
3 0.3
Currency Indices
  • USD
Cryptocurrency
Fortrade provides CFD trading on major cryptocurrencies paired with USD. Availability of crypto CFDs is subject to local regulations, and they are not available in regions such as the UK due to restrictions. FP Markets offers CFDs on major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Traders can engage in speculation on price fluctuations through these derivatives. However, direct coin ownership is not provided. Additionally, emerging tokens for avid crypto traders are not available on FP Markets.
Spread
Variable 17.3 (Bitcoin)
Coins
  • BTC
  • DSH
  • LTC
  • ETH
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTC
  • RPL
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Fortrade FP Markets
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