IronFX vs FP Markets

IronFX or FP Markets – which is better for UK traders 2025? Compare IronFX and FP Markets in this detailed breakdown of their platforms, features and fees.

IronFX vs FP Markets Comparison Table 2025
IronFX FP Markets
rating empty
rating full
3.8
rating empty
rating full
4
IronFX is ranked #37 among CFD brokers. FP Markets is ranked #61 among CFD brokers.
Review
Review
IronFX, established in 2010, is a highly regulated broker specialising in forex and CFDs. This acclaimed company provides access to over 500 markets for more than 1.5 million clients in 180 countries. Traders benefit from multiple account options with competitive rates via the MT4 platform, alongside 24/5 customer support available in 30 languages. 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 addition to MT4, the broker also provides various services such as copy trading, a VPS solution, and PAMM/MAM accounts.
  • IronFX offers both fixed and floating spread accounts, appealing to novices and seasoned traders alike.
  • Traders gain access to the renowned Trading Central research tool, featuring automated AI analytics and round-the-clock support.
  • IronFX is a well-established firm regulated by respected authorities such as the CySEC, FCA, and FSCA.
  • The broker regularly hosts trading competitions with cash rewards and provides welcome bonuses for new clients.
  • The IronFX Academy provides outstanding educational resources for traders of all levels, from beginners to advanced.
  • 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.
Cons
  • It is unfortunate that the broker lacks advanced software options like MT5 or TradingView, restricting choice for seasoned traders.
  • Commissions in zero-spread accounts begin at £13.50 per lot, almost twice the industry standard.
  • In comparison to top brokers, IronFX provides a limited range of share CFDs.
  • 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.
Awards
  • Best Online Trading Platform (2019)
  • Best Broker of the Year (2019)
  • Most Trustworthy Forex Broker Global (2019)
  • Best Online Trading & Financial Services Company (2020)
  • Best Online Forex Trading Platform (2021)
  • International Online Currency Trading Platform of the Year (2021)
  • Most Outstanding Online Trading Partners Program (2022)
  • Best Global Forex Value Broker 2023 - Global Forex Awards
  • Best Forex Partners Programme Asia 2023 - Global Forex Awards
  • Best Forex Broker Europe 2023 - Global Forex Awards
  • Best Global Forex Value Broker 2022 - Global Forex Awards
  • Best Global Forex Value Broker 2021 - Global Forex Awards
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $40
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, FSCA, BMA / Bermuda ASIC, CySEC, FSA, CMA
Mobile Apps
Android, iOS, WebTrader iOS & Android
Trading App

FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management.
iOS App Rating
rating empty
rating full
2.1
rating empty
rating full
4
Android App Rating
rating empty
rating full
2.5
rating empty
rating full
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
Yes Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
Yes No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
The TradeCopier service enables aspiring investors to mirror the strategies of leading traders instantly. This tool offers novices an opportunity to learn from seasoned investors, while strategy providers have the potential to earn performance fees. 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
Yes Yes
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3% $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Soybeans
  • Sugar
  • Oil
  • Wheat
  • Natural Gas
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Platinum
  • Palladium
  • Copper
  • Aluminium
  • Soybeans
  • Corn
  • Wheat
  • Steel
  • Iron
  • Cocoa
  • Cotton
  • Sugar
  • Coffee
CFD
IronFX offers over 300 instruments across forex, equities, commodities, and index CFDs. Leverage varies from 1:30 to 1:1000, based on the trader's account location. Exceptional technical analysis tools are available, featuring 30 built-in indicators and 9 different chart time frames. 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 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) 1:30 (UK), 1:500 (Global)
FTSE Spread
140 1.64
GBPUSD Spread<
0.8 1.9 average
Oil Spread
3 0.04
Stocks Spread
Variable Variable
Forex
IronFX provides a robust choice of 80 currency pairs for traders. Utilise the market-leading MT4 platform, which includes various forex research tools. However, be aware that commission fees in zero-spread accounts are steep, starting at $13.50 per lot. 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
80+ 70+
GBPUSD Spread
0.8 0.2
EURUSD Spread
0.7 0.1
EURGBP Spread
0.9 0.3
Currency Indices
  • USD
Cryptocurrency
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
17.3 (Bitcoin)
Coins
  • 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
IronFX FP Markets
Review
Review
More Comparisons
IronFX
vs

 FP Markets
vs