FP Markets Review 2026
Founded 2005 · Sydney, Australia
Last updated: May 10, 2026
FP Markets is a veteran Australian ECN broker that has consistently delivered low spreads, fast execution, and a massive array of global equities via its Iress platform.
Top 3 FP MarketsAlternatives & Competitors
Looking for a different execution model, lower spreads, or local regulator oversight? We compared the top 3 alternatives to FP Markets side-by-side.
IG
Why IG is a top alternative to FP Markets
IG is the gold standard of CFD and forex brokers. If safety of funds, instrument variety, and high-quality research are your top priorities, IG is unmatched. Compared to FP Markets, IG offers competitive spreads starting from 0.6 pips and max leverage of 1:200. It is regulated by FCA, ASIC, CFTC, MAS.
Interactive Brokers
Why Interactive Brokers is a top alternative to FP Markets
Interactive Brokers is the undisputed king of multi-asset global trading. No other broker offers access to as many markets, asset classes, and countries at such competitive rates. If you're a serious investor or active trader who has outgrown retail brokers, IBKR is the natural next step. Compared to FP Markets, Interactive Brokers offers competitive spreads starting from $0 commission (IBKR Lite) and max leverage of 1:50. It is regulated by SEC, FCA, SFC, MAS, CIRO, CBI.
IC Markets
Why IC Markets is a top alternative to FP Markets
IC Markets is the undisputed champion of raw execution quality. It is the default choice for professional retail traders, scalpers, and algorithmic traders who prioritize speed, cost-efficiency, and transparency above all else. Compared to FP Markets, IC Markets offers competitive spreads starting from 0.0 pips and max leverage of 1:500. It is regulated by ASIC, CySEC, FSA.
Frequently Asked Questions
Why should I look for an alternative to FP Markets?
Traders look for alternatives to FP Markets for lower spreads, different platforms (like TradingView or cTrader), regional regulatory protection, or lower deposit thresholds. Compare raw costs and safety metrics side-by-side to make your choice.
Which is the best overall alternative to FP Markets?
Based on our TrustMetrics scoring system, IG represents the top-rated alternative, scoring 99/100 in regulation compliance and execution quality.
Are these alternatives regulated?
Yes. We only recommend safe alternatives. Our top alternative IG holds licenses from top-tier regulators including FCA, ASIC, CFTC, MAS.