Broker comparison

CMC Markets vs.
FP Markets

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

FP Markets offers 8 instrument types, while CMC Markets offers 6. The minimum deposit is lower at CMC Markets with 0 €. CMC Markets is BaFin-regulated, while FP Markets is supervised by ASIC/CySEC. CMC Markets has been in the market since 1989, making it the more experienced provider. On spreads, CMC Markets offers EUR/USD from 0.7 pip (typical), while FP Markets offers EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard).

Award-winning Next Generation platform with over 12,000 products

Australian ECN broker with over 10,000 trading instruments

At a glance

The key differences

Criterion
PlatformsNext Generation, MT4, CMC MobileMT4, MT5, cTrader, IRESS, FP Markets App
Product typesCFDs, Forex, Indices, Commodities, Stocks CFDs, TreasuriesForex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds
Options tradingNo, CFDs and spread bettingNo, CFDs and DMA stock trading
Fee modelSpreads from 0.7 pip on forex, no commission on standard accountRaw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip
Minimum deposit0 €100 AUD
RegulationBaFin/FCAASIC/CySEC
More informationDetailsDetails

Platforms

CMC Markets

Next Generation, MT4, CMC Mobile

FP Markets

MT4, MT5, cTrader, IRESS, FP Markets App

Product types

CMC Markets

CFDs, Forex, Indices, Commodities, Stocks CFDs, Treasuries

FP Markets

Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds

Options trading

CMC Markets

No, CFDs and spread betting

FP Markets

No, CFDs and DMA stock trading

Fee model

CMC Markets

Spreads from 0.7 pip on forex, no commission on standard account

FP Markets

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

Minimum deposit

CMC Markets

0 €

FP Markets

100 AUD

Regulation

CMC Markets

BaFin/FCA

FP Markets

ASIC/CySEC

More information

CMC Markets

Details

FP Markets

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Spreads from 0.7 pip on forex, no commission on standard account

Published fee
Spreads from 0.7 pip on forex, no commission on standard account
Minimum deposit
0 €
Inactivity
£10/month after 12 months of inactivity
See terms at provider

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

Published fee
Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip
Minimum deposit
100 AUD
Spread figure
EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

CFDsForexIndicesCommoditiesStocks CFDsTreasuries
ForexCFDsStocksIndicesCommoditiesCryptoETFsBonds

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

Next Generation · MT4 · CMC Mobile

CMC Markets offers the Next Generation platform, MT4, and the CMC Mobile app. Next Generation is the award-winning main platform with over 115 technical indicators, modular chart layout, pattern recognition tools, integrated Reuters news, and client sentiment analysis. MT4 is available for automated trading with Expert Advisors. The CMC Mobile app provides the full range of features on the go, including all charting capabilities and push notifications.

Explore platform

MT4 · MT5 · cTrader · IRESS · FP Markets App

FP Markets offers five trading platforms: MT4 and MT5 for classic forex and CFD trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface and Level II price data. IRESS is the professional DMA platform for direct stock trading with advanced order types and market depth. The FP Markets App enables full-featured mobile trading on all devices.

Explore platform

Regulation & security

BaFin/FCA

Regulatory information

ASIC/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Award-winning Next Generation platform with over 12,000 products

  • Award-winning Next Generation platform
  • Over 12,000 CFD products
  • BaFin-regulated
  • Only CFD trading, no real stocks
  • Inactivity fee after 12 months

Australian ECN broker with over 10,000 trading instruments

  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
  • No BaFin regulation
  • IRESS platform with additional fees

Find the broker that fits

CMC Markets oder FP Markets?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

CMC Markets4.3
  • Award-winning Next Generation platform
  • Over 12,000 CFD products
  • BaFin-regulated
FP Markets4.3
  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between CMC Markets and FP Markets?
CMC Markets: Spreads from 0.7 pip on forex, no commission on standard account. FP Markets: Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: CMC Markets or FP Markets?
CMC Markets offers CFDs, Forex, Indices, Commodities, Stocks CFDs, Treasuries. FP Markets offers Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds.
How are CMC Markets and FP Markets regulated?
The broker profiles list BaFin/FCA for CMC Markets and ASIC/CySEC for FP Markets. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is CMC Markets or FP Markets better for beginners?
CMC Markets lists a 0 € minimum deposit and offers Next Generation, MT4, CMC Mobile. FP Markets lists 100 AUD and offers MT4, MT5, cTrader, IRESS, FP Markets App. Compare usability, available products and costs for your intended use.
CMC Markets vs FP Markets: Which broker is better overall?
The choice between CMC Markets (4.3/5, 1400 reviews) and FP Markets (4.3/5, 900 reviews) depends on your needs. CMC Markets: Award-winning Next Generation platform with over 12,000 products. FP Markets: Australian ECN broker with over 10,000 trading instruments.
How do spreads compare between CMC Markets and FP Markets?
CMC Markets offers typical spreads of EUR/USD from 0.7 pip (typical). FP Markets offers EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard). Tighter spreads reduce trading costs especially for active trading.
Do CMC Markets or FP Markets charge an inactivity fee?
CMC Markets: £10/month after 12 months of inactivity. FP Markets: no inactivity fee.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise