FP Markets vs MTrading Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FP Markets and MTrading
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 4.7/5 | 3.1/5 |
| Foundation Year | 2005 | 2011 |
| Regulated in Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FP Markets Review | MTrading Review |
FP Markets is optimal for scalpers and algorithmic traders with ECN spreads of 0 pips, active Forex traders, as well as investors interested in copy trading and DMA stocks.
MTrading is suitable for traders who prefer the MetaTrader 4 platform and a variety of instruments but are ready for potential risks due to lack of regulation.
FP Markets Review
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
FP Markets is in the top 10 of the following ratings:
MTrading Review
MTrading offers a variety of trading accounts that can meet the needs of traders with different levels of experience and capital sizes. The wide range of trading instruments available makes this broker attractive for traders seeking to diversify their investments. The copy trades service may also be of interest to beginners who want to profit by following the strategies of successful traders.
MTrading is suitable for new traders, especially those who want to try copying trades and working with various trading instruments on one platform.
Pros and Cons of MTrading
Pros
- Availability of different types of trading accounts.
- Wide range of trading assets.
- Own copy trading platform.
Cons
- Lack of licenses from reputable regulators.
- Limited choice of trading platforms.
- Only one method of communication with support service.
- Absence of some popular deposit and withdrawal methods.
- Sparse analytical and educational materials compared to competitors.
Reliability
| Broker | FP Markets | MTrading |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 2005 | 2011 |
| Regulated in Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Saint Vincent and the Grenadines |
| Regulators | ASIC ASIC CySEC CySEC FSCA FSCA SVGFSA SVGFSA SFSA SFSA | SVGFSA SVGFSA |
FP Markets
Multi-tier licenses from ASIC, CySEC and FSCA, fund segregation, and a spotless regulatory history make FP Markets a reliable partner.
Pros
- Tier-1/Tier-2 licenses (ASIC, CySEC)
- Funds held in AA bank accounts, negative balance protection
- Independent order execution audits
MTrading
Broker MTrading is registered in a jurisdiction with limited regulation, which may raise concerns among investors.
Pros
- Company's reputation in the market.
- Measures to ensure the security of client funds.
Cons
- Lack of regulation by major financial authorities.
- Potential risks for investors due to weak regulation.
Account Opening
| Broker | FP Markets | MTrading |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FP Markets
Opening an account completely online: registration in up to 5 minutes, verification within an hour, minimum deposit of 100 AUD — you can start trading on the same day.
Pros
- Fast registration and KYC
- Verification in less than one business day
- Commission-free deposit starting from 100 AUD
MTrading
Opening an account with MTrading is a simple, convenient, and fast process.
Account Types
| Broker | FP Markets | MTrading |
|---|---|---|
| Account Types | 4.3/5 | 4.3/5 |
| Trading Accounts |
|
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| Minimum Deposit |
|
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
|
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FP Markets
The FP Markets account lineup is nearly universal — RAW, Standard, Islamic, Iress DMA, demo, and copy trading services meet the needs of most traders, all starting from 100 AUD.
Pros
- Accounts suitable for every trading style
- Free VPS and copy trading
Cons
- No cent/micro account
MTrading
Broker MTrading offers a variety of accounts that meet the needs of different traders, but there are no accounts with fixed spreads.
Pros
- Wide selection for different levels of experience.
- Ability to start trading with small amounts.
- Availability of copy trading service.
Cons
- Absence of accounts with fixed spreads.
Commissions
| Broker | FP Markets | MTrading |
|---|---|---|
| Commissions | 4/5 | 1.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.3 |
| Commission per Lot | $3 | $4 |
FP Markets
Transparent pricing: an average ECN commission of $6 per lot, market spreads of ≈1.2 pips on the Standard account, free deposits, and no inactivity charges make the conditions attractive for most traders.
Pros
- No fees for deposits and withdrawals
- No account inactivity fees
Cons
- The Standard account does not offer ultra-narrow spreads
MTrading
MTrading's commissions are above the market average, which can affect the overall profitability of the trader.
Pros
- There are no withdrawal fees.
Cons
- Commission per trade on M.Pro is above average.
- Almost all swaps are negative.
- Additional commission for account inactivity.
Deposit and Withdrawal
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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FP Markets
You can fund your account instantly and commission-free via any convenient method, and withdrawals are processed within one business day.
Pros
- 0% commission on all deposits
- Cards, e-wallets, crypto, local banks
- Withdrawals processed in less than one business day
Cons
- 0.5–1% commission on currency conversion
MTrading
MTrading offers a limited selection of payment systems, but transactions are fast and commission-free.
Pros
- No commissions for depositing and withdrawing funds.
- Fast execution of payments.
- Support for cryptocurrency payments.
Cons
- Lack of popular methods such as bank transfer and credit cards.
Markets and Products
| Broker | FP Markets | MTrading |
|---|---|---|
| Markets and Products | 5/5 | 4/5 |
| Forex | 81 | 38 |
| Precious Metals | 17 | 5 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 7 | - |
| Indices | 18 | 10 |
| Stocks | 566 | 87 |
| ETF | 58 | 9 |
| Bonds | 2 | - |
| Cryptocurrency | 12 | 12 |
FP Markets
The FP Markets range covers 700+ CFDs — from 80 currency pairs to DMA stocks on Iress, making portfolio diversification relatively straightforward.
Pros
- 80+ currency pairs, metals, indices, soft commodities
- 500+ CFDs on stocks from Europe, the UK, and the USA
- Leverage up to 1:500 for professional clients
MTrading
MTrading offers a wide range of trading assets, covering major markets and allowing traders to flexibly form their portfolio.
Pros
- Access to 38 currency pairs in the Forex market.
- Ability to trade CFDs on stocks, indices, commodities, and cryptocurrencies.
Cons
- Soft commodities are not available.
- The overall number of CFDs is average, lower than many competitors.
Trading Platforms
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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FP Markets
MT4/5, cTrader, TradingView, and Iress provide FP Markets with an almost complete arsenal: from algorithmic trading to DMA stocks. The versatility and fast NY4 connectivity put FP Markets’ platform suite among the best.
Pros
- 4 platforms, including TradingView and Iress DMA
- Execution ≈ 0.02 sec on NY4, supports bots and API
- Mobile and web versions of MT4/5 plus a proprietary application
Cons
- Iress is fee-based without turnover ≥150 AUD
- No browser-based cTrader Web
MTrading
MTrading focuses on the MetaTrader 4 platform, offering its various modifications, but limits the choice of alternatives.
Pros
- Availability of the time-tested and popular MT4 platform.
- Additional features in MT4 Supreme Edition to enhance trading.
- Ability to trade through a browser with WebTrader.
Cons
- Lack of modern platforms such as MetaTrader 5 or cTrader.
Analytics
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 5/5 | 3/5 |
FP Markets
FP Markets offers a rich analytics suite — Trading Central, Autochartist, Traders Toolbox, TradeMedic, and a daily blog — which covers technical, fundamental, and behavioral analysis; access to some tools requires a deposit/trading volume.
Pros
- Trading Central and Autochartist with alerts
- 12-module Traders Toolbox + TradeMedic
- Economic calendar and daily trading ideas
Cons
- Paid access required for some analytics
MTrading
MTrading offers basic analytical tools, but they may seem limited compared to competitors.
Pros
- Access to up-to-date financial market news.
- Technical analysis from the company's experts.
Cons
- Lack of advanced analytical tools.
- No integrated services such as Autochartist or Trading Central are provided.
Education
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 5/5 | 2.5/5 |
FP Markets
FP Markets offers courses, webinars, podcasts, and e-books ranging from basic to advanced, making its educational resources nearly universal.
Pros
- Regular webinars + an extensive video library
- Online courses for traders of various levels
- Numerous e-books
MTrading
MTrading offers basic educational materials targeted at beginner traders, but their range is limited.
Pros
- Articles on the basics of Forex.
- Overviews of indicators and strategies.
Cons
- Lack of advanced educational resources.
- No webinars or video tutorials are provided.
- Limited variety of topics.
Customer Support
| Broker | FP Markets | MTrading |
|---|---|---|
| Rating | 5/5 | 2.5/5 |
| Email Support |
| — |
| Hotline Phones |
| — |
| Social Media |
Facebook
Twitter
Instagram
LinkedIn
YouTube
Telegram
WhatsappFP Markets
FP Markets’ customer support responds within seconds, operates 24/7, and usually resolves issues on the first contact.
Pros
- 24/7 support
- Multiple support channels
- High support rating
MTrading
MTrading's technical support has an average level, with certain shortcomings in communication channels and resolving client issues.
Pros
- Availability of online chat for quick communication.
- Support through social media.
Cons
- Lack of telephone line and email support.
- Issues with response timeliness.
- Complaints about ineffective resolution of finance-related issues.
