SimpleFX vs FP Markets
SimpleFX or FP Markets – which is better for UK traders 2025? Compare SimpleFX and FP Markets in this detailed breakdown of their platforms, features and fees.
| SimpleFX | FP Markets |
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| SimpleFX is ranked #58 among CFD brokers. | FP Markets is ranked #60 among CFD brokers. |
| SimpleFX is an online broker offering CFD and cryptocurrency trading. With multi-currency accounts, STP execution, competitive pricing, and no minimum deposit, the platform delivers an accessible trading experience. Since 2014, SimpleFX has been innovative and has earned acclaim at various industry events. Today, it serves over 200,000 active users in more than 190 countries, catering to retail traders worldwide. | 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, Indices, Stocks, 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 | |
| FSC | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| iOS, Android + WebTrader | iOS & Android |
| Trading App | |
| SimpleFX offers its own app for Apple and Android devices with a user-friendly interface. It allows for easy trade management and access to over 220 tradable assets. Yet, sporadic unresponsiveness during testing and an average charting package may not suit very active traders. | 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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| 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 | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| Yes | 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 | |
| Yes | 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 | |
| 3% | $0 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| SimpleFX offers leveraged trading options up to 1:1000 across key assets like stocks, indices, currencies, and commodities. The platform's social community is a valuable resource for gaining insights into CFD strategies and short-term trading opportunities. | 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 | |
| 1:1000 | 1:30 (UK), 1:500 (Global) |
| FTSE Spread | |
| 1.3 | 1.64 |
| GBPUSD Spread< | |
| 1.2 | 1.9 average |
| Oil Spread | |
| 0.04 | 0.04 |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| SimpleFX offers a wide range of approximately 60 currency pairs, including major pairs such as GBP/USD and exotic ones like CHF/PLN. Trading fees are competitive, with an average of 0.9 pips for EUR/USD in tests. Designed for online currency trading, MetaTrader 4 can be accessed on desktop, web, and mobile platforms. | 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 | |
| 57 | 70+ |
| GBPUSD Spread | |
| 1.2 | 0.2 |
| EURUSD Spread | |
| 0.9 | 0.1 |
| EURGBP Spread | |
| 1.0 | 0.3 |
| Currency Indices | |
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| Cryptocurrency | |
| SimpleFX excels in its crypto trading environment, which now includes an expanding selection of tokens, such as Bitcoin, Ethereum, and Filecoin, paired with USD, enhanced further in 2024. The platform's crypto accounts facilitate seamless trading, catering to crypto enthusiasts. Moreover, its tailored staking service enables capital to be leveraged for margin trading. | 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 | |
| 45.57 | 17.3 (Bitcoin) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
| SimpleFX | FP Markets |
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