LonghornFX vs FP Markets
LonghornFX or FP Markets – which is better for UK traders 2025? Compare LonghornFX and FP Markets in this detailed breakdown of their platforms, features and fees.
| LonghornFX | FP Markets |
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| LonghornFX is ranked #49 among CFD brokers. | FP Markets is ranked #61 among CFD brokers. |
| LonghornFX, a forex and CFD broker established in 2020 and registered in Saint Vincent and the Grenadines, offers over 150 instruments with leverage up to 1:500. Traders have access to a robust selection of cryptocurrencies, as well as forex, indices, commodities, and stocks. Operating as an offshore broker with ECN/STP processing, it ensures tight spreads and rapid execution. | 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 | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $40 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, FSA, CMA | |
| Mobile Apps | |
| iOS & Android | 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| 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 | |
| No | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | 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 |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Engage in diverse market trading through CFDs, incurring $6 in commission per lot. Begin with a modest minimum deposit of $10, and benefit from 24/7 customer support for new traders. | 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 | |
| 1:500 | 1:30 (UK), 1:500 (Global) |
| FTSE Spread | |
| 7.7 | 1.64 |
| GBPUSD Spread< | |
| 1.4 | 1.9 average |
| Oil Spread | |
| 0.8 | 0.04 |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| Trade over 50 currency pairs, including EUR/USD, with spreads starting at 0.6 pips. Utilise the widely-used MetaTrader 4 platform, offering interactive tools, customisable charts, and one-click transactions. Enhance your strategies with Expert Advisors for algorithmic trading. | 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 | |
| 55+ | 70+ |
| GBPUSD Spread | |
| 1.4 | 0.2 |
| EURUSD Spread | |
| 0.6 | 0.1 |
| EURGBP Spread | |
| 1.5 | 0.3 |
| Currency Indices | |
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| Cryptocurrency | |
| A diverse range of 35 cryptocurrency pairs, such as BTC/USD and DOGE/USD, is available. Traders can access substantial leverage up to 1:100, surpassing that offered by many rivals, catering to seasoned crypto traders. | 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 | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| LonghornFX | FP Markets |
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