TMGM vs FP Markets

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

TMGM vs FP Markets Comparison Table 2025
TMGM FP Markets
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3.4
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4
TMGM is ranked #50 among CFD brokers. FP Markets is ranked #61 among CFD brokers.
TMGM, an ASIC-regulated broker, offers a broad selection of tradeable assets, including forex, stocks, indices, cryptocurrencies, and commodities. Traders can choose between account options that feature either no commission or zero spreads, ensuring competitive pricing throughout. 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
  • Vast array of assets, featuring 10,000 international stocks.
  • A well-regulated and trustworthy brand with a strong client base.
  • Robust platform integration with MetaTrader 4, MetaTrader 5, and IRESS.
  • Low trading fees feature spreads starting from 1 pip on the classic account. For the raw spread account, enjoy zero spreads paired with a $7 round-turn commission.
  • A variety of rewards and bonuses available through a points-based loyalty programme.
  • Caters to new and time-constrained traders by offering copy trading support through HUBx.
  • Complimentary VPS for algorithmic trading.
  • 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
  • Shares can be traded exclusively through the IRESS account. They are not accessible via MT4 or MT5 platforms.
  • A £30 monthly fee is charged on accounts inactive for six months or with balances under £500.
  • 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 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
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex 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
ASIC, FMA, VFSC 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.

iOS App Rating
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4.7
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4
Android App Rating
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4.6
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4
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
Yes 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
Yes Yes
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
HUBx offers copy trading, enabling investors to automatically replicate the strategies of successful traders. This is perfect for those seeking effortless entry into prominent financial markets. 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
MT4 Expert Advisors (EAs)
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
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Silver
  • Oil
  • Gold
  • Platinum
  • Natural Gas
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Platinum
  • Palladium
  • Copper
  • Aluminium
  • Soybeans
  • Corn
  • Wheat
  • Steel
  • Iron
  • Cocoa
  • Cotton
  • Sugar
  • Coffee
CFD
Engage in trading across a diverse array of asset classes, including forex, energies, precious metals, company shares, indices, and cryptocurrencies. This broker stands out due to its superior execution and the chance to trade using direct market access pricing. 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
4.0 1.64
GBPUSD Spread<
1.4 1.9 average
Oil Spread
0.0 0.04
Stocks Spread
Variable Variable
Forex
Trade over 50 forex pairs, encompassing major, minor, and exotic categories. While this selection is satisfactory, traders can opt for the appealing MT4, MT5, or IRESS platforms. With regulatory oversight from ASIC, security is ensured. The VPS is ideal for those employing automated trading strategies. 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
50+ 70+
GBPUSD Spread
1.4 0.2
EURUSD Spread
0.3 0.1
EURGBP Spread
0.2 0.3
Currency Indices
  • USD
Cryptocurrency
Engage in trading CFDs on 12 leading cryptocurrencies, such as BTC and ETH, paired with USD and leveraged up to 1:20. For a CFD broker, offering a dozen tokens is commendable. However, traders seeking emerging tokens might favour an exchange or specialised crypto broker. 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
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • DOT
  • EOS
  • LINK
  • UNI
  • XTZ
  • XLM
  • 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
TMGM FP Markets
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