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CMC Markets vs FP Markets 2026
A detailed head-to-head comparison of CMC Markets and FP Markets across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
CMC Markets vs FP Markets: Our Analysis
Overall Verdict
With an overall score of 83.5/100 vs 83.4/100, CMC Markets is nearly identical to FP Markets by 0.1 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.
Trading Costs
On the EUR/USD pair, CMC Markets offers an average spread of 0.70 pips with a $5.00 round-turn commission, while FP Markets comes in at 0.10 pips with a $6.00 commission. FP Markets offers tighter pricing on EUR/USD. Minimum deposit is $0 at CMC Markets and $100 at FP Markets.
Regulation & Safety
CMC Markets holds 5 regulatory licenses with a highest tier of Tier 1 (FCA, ASIC, BaFin), while FP Markets has 4 licenses at Tier 1 (ASIC, CySEC, FSCA). CMC Markets has more regulatory licenses overall.
Platform Comparison
CMC Markets offers MT4, Next Generation — uniquely offering Next Generation which FP Markets does not have. FP Markets supports MT4, MT5, cTrader, TradingView, with exclusive access to MT5, cTrader, TradingView. FP Markets provides a wider platform selection.
Who Should Choose Which?
CMC Markets suits beginners seeking education, traders who prioritize safety, while FP Markets is better for cost-conscious traders, traders who want advanced tools. If copy trading matters, FP Markets has the edge. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, CMC Markets scores higher overall at 83.5/100 compared to FP Markets's 83.4/100. However, "better" depends on your priorities — FP Markets may be superior in specific categories like trading costs.
FP Markets offers tighter spreads with an average EUR/USD spread of 0.10 pips, compared to 0.70 pips at CMC Markets. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.
CMC Markets scores higher for regulation and trust at 92/100, holding licenses from FCA, ASIC, BaFin. FP Markets scores 82/100 with ASIC, CySEC, FSCA.
For beginners, CMC Markets is the stronger choice with an education and research score of 80/100. It offers structured trading courses, webinars, and a free demo account. FP Markets scores 70/100 for education.
Yes, there is no restriction on having accounts with both CMC Markets and FP Markets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026