Comparison of FP Markets and Orbex
| Feature | FP Markets | Orbex |
|---|---|---|
| Broker | ||
| Year Founded | 2005 | 2010 |
| Broker Type | ECN | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | ASIC, CySEC, FSCA, SVGFSA, SFSA | FSC, FSA, CySEC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $100 |
| Base Currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, PLN |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay |
| Inactivity Fee | ✖ | $20/month on dormant accounts after ~6 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks (CFDs), Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FP Markets Review | Orbex Review |
About FP Markets
FP Markets is an Australian Forex and CFD broker founded in 2005 and regulated by ASIC, CySEC, and FSCA. It combines ECN pricing-RAW spreads from 0.0 pips and execution as fast as 0.02 seconds on Equinix NY4 servers-with a modest 100 AUD minimum deposit. Clients can trade via MetaTrader 4/5, cTrader, TradingView, or the Iress ViewPoint DMA platform, accessing more than 10000 instruments across forex, shares, indices, commodities, and crypto. The broker also supports passive strategies through Myfxbook AutoTrade, Signal Start, and MAM/PAMM solutions, while offering fee-free deposits and 24/7 multilingual customer support.
Pros
- Strong regulation with segregated client funds (ASIC, CySEC, FSCA)
- RAW ECN spreads from 0.0 pips and $6 round-turn commission per lot
- Execution speeds under 40 ms on NY4-ideal for scalping and algos
- Wide platform choice: MT4/5, cTrader, TradingView, and Iress ViewPoint
- 10000+ tradable instruments and numerous zero-fee funding options, including crypto
- Comprehensive analytics, education resources, and 24/7 multilingual support
Cons
- Iress ViewPoint incurs a monthly fee unless volume requirements are met
- Commission on RAW accounts may deter micro-lot traders
- No welcome bonuses or promotional offers
- Not available to clients in the USA and certain restricted jurisdictions
About Orbex
Orbex is a multi-entity broker regulated by the Mauritius FSC (global) with additional group entities in Cyprus and Seychelles. Traders can choose between three clear account tiers — Starter (no commission), Premium (raw pricing, $8 RT), and Ultimate (raw pricing, $5 RT) — on MT4 or MT5. Minimum deposits start from $100, maximum leverage is up to 1:500 (entity-dependent), and stop-out/margin call levels are typically 20%/100%. The product list covers 70+ FX pairs, stock and index CFDs, metals, energies and a set of major cryptocurrencies. Convenience extras include copy trading, Islamic (swap-free) terms for eligible clients, and a free VPS when account balance/deposit criteria are met. Funding supports cards, bank wires, major e-wallets and USDT, with near-instant processing for most methods; the broker generally doesn’t charge funding fees, though processors may.
Pros
- Three straightforward account types on MT4/MT5
- Raw pricing on Premium/Ultimate
- Leverage up to 1:500 (outside EU)
- Copy trading, Islamic accounts, and free VPS
- Broad funding stack incl. cards, e-wallets, and USDT
Cons
- Inactivity fee
- Instrument counts on MT4/5 can vary by account
FP Markets & Orbex Regulation
| Feature | FP Markets | Orbex |
|---|---|---|
Companies | First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited | Orbex Global Limited; Orbex Limited; Orbex Ltd |
Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Mauritius, Seychelles, Cyprus |
Regulators | ASIC, CySEC, FSCA, SVGFSA, SFSA | FSC, FSA, CySEC |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
FP Markets
First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited
Orbex
Orbex Global Limited; Orbex Limited; Orbex Ltd
Countries
FP Markets
Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles
Orbex
Mauritius, Seychelles, Cyprus
Regulators
FP Markets
ASIC, CySEC, FSCA, SVGFSA, SFSA
Orbex
FSC, FSA, CySEC
Investor Protection
FP Markets
Investor Compensation Fund (ICF)
Orbex
Investor Compensation Fund (ICF)
Investor Protection Size
FP Markets
€20 000
Orbex
€20 000
Publicly Traded
FP Markets
Orbex
Segregated Accounts
FP Markets
Orbex
Guaranteed Stop Loss
FP Markets
Orbex
Negative Balance Protection
FP Markets
Orbex
Account Types
| Account | FP Markets | Orbex |
|---|---|---|
STP Account | ||
| Account Name | — | Starter |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.5 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 100% |
ECN Account | ||
| Account Name | Standard | Premium |
| Min Deposit | $100 | $500 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 | 0.0 |
| Fee | No | $8 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 100% |
Zero Account | ||
| Account Name | Raw | Premium |
| Min Deposit | $100 | $500 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0.0 |
| Fee | $6 per 1 lot | $8 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
FP Markets
—
Orbex
Starter
Min Deposit
FP Markets
—
Orbex
$100
Lot Size
FP Markets
—
Orbex
0.01
Spread Type
FP Markets
—
Orbex
Floating
Execution
FP Markets
—
Orbex
Market
Min Spread
FP Markets
—
Orbex
1.5
Fee
FP Markets
—
Orbex
No
Max Leverage
FP Markets
—
Orbex
1:500
Stop Out
FP Markets
—
Orbex
20%
Margin Call
FP Markets
—
Orbex
100%
ECN Account
Account Name
FP Markets
Standard
Orbex
Premium
Min Deposit
FP Markets
$100
Orbex
$500
Lot Size
FP Markets
0.01
Orbex
0.01
Spread Type
FP Markets
Floating
Orbex
Floating
Execution
FP Markets
Market
Orbex
Market
Min Spread
FP Markets
1
Orbex
0.0
Fee
FP Markets
No
Orbex
$8 per 1 lot
Max Leverage
FP Markets
1:500
Orbex
1:500
Stop Out
FP Markets
50%
Orbex
20%
Margin Call
FP Markets
100%
Orbex
100%
Zero Account
Account Name
FP Markets
Raw
Orbex
Premium
Min Deposit
FP Markets
$100
Orbex
$500
Lot Size
FP Markets
0.01
Orbex
0.01
Spread Type
FP Markets
Floating
Orbex
Floating
Execution
FP Markets
Market
Orbex
Market
Min Spread
FP Markets
0
Orbex
0.0
Fee
FP Markets
$6 per 1 lot
Orbex
$8 per 1 lot
Max Leverage
FP Markets
1:500
Orbex
1:500
Stop Out
FP Markets
50%
Orbex
20%
Margin Call
FP Markets
100%
Orbex
100%
Additional Features
Demo Account
FP Markets
Orbex
VIP Account
FP Markets
Orbex
Swap-Free Account
FP Markets
Orbex
Copy Trading
FP Markets
Orbex
VPS
FP Markets
Orbex
PAMM/MAM Accounts
FP Markets
Orbex
Funding and Fees
| Feature | FP Markets | Orbex |
|---|---|---|
Base currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, PLN |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay |
Inactivity fee | $20/month on dormant accounts after ~6 months of inactivity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
FP Markets
USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL
Orbex
USD, EUR, GBP, PLN
Deposit and withdrawal methods
FP Markets
Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash)
Orbex
Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay
Inactivity fee
FP Markets
Orbex
$20/month on dormant accounts after ~6 months of inactivity
Interest on margin
FP Markets
Orbex
Withdrawal fee
FP Markets
Orbex
Trading Platforms and Conditions
| Feature | FP Markets | Orbex |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 20 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Platforms
FP Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Orbex
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
FP Markets
20 ms
Orbex
-
Scalping
FP Markets
Orbex
Expert Advisors (EAs)
FP Markets
Orbex
Depth of Market (DOM)
FP Markets
Orbex
Spread
FP Markets
low
Orbex
average
Trading Assets
| Asset | FP Markets | Orbex |
|---|---|---|
Currencies | 81 | 36 |
Indices | 18 | 5 |
Stocks | 566 | 146 |
Cryptocurrencies | 12 | 11 |
Bonds | 2 | 0 |
Metals | 17 | 4 |
Energies | 5 | 1 |
Soft Commodities | 7 | 3 |
ETFs | 58 | 0 |
Currencies
FP Markets
81
Orbex
36
Indices
FP Markets
18
Orbex
5
Stocks
FP Markets
566
Orbex
146
Cryptocurrencies
FP Markets
12
Orbex
11
Bonds
FP Markets
2
Orbex
0
Metals
FP Markets
17
Orbex
4
Energies
FP Markets
5
Orbex
1
Soft Commodities
FP Markets
7
Orbex
3
ETFs
FP Markets
58
Orbex
0
Education and Analytics
| Feature | FP Markets | Orbex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
FP Markets
Orbex
Indicators
FP Markets
Orbex
Robots
FP Markets
Orbex
Signals
FP Markets
Orbex
Autochartist
FP Markets
Orbex
Expert Analytics
FP Markets
Orbex
News Feed
FP Markets
Orbex
Education Articles
FP Markets
Orbex
Webinars
FP Markets
Orbex
Seminars
FP Markets
Orbex
Customer Support
| Contact | FP Markets | Orbex |
|---|---|---|
Email | supportteam@fpmarkets.com | support@orbex.com |
Phone | +4428254477809 | +442035198140 |
Telegram | Telegram | Telegram |
Whatsapp | — | |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Email
FP Markets
Orbex
Phone
FP Markets
Orbex
Whatsapp
FP Markets
Orbex
—
TikTok
FP Markets
—
Orbex
Which Broker is Better?
After comparing FP Markets and Orbex, FP Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.