Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
OctaFX
$25.00Tightest Spreads
OctaFX
From 0.6 pips (average 0.7 pips on EUR/USD) – Competitive for majors. pipsHighest Leverage
FP Markets
1:Up to 1:500Best Rated
OctaFX
Mobile Trading
Both
✓✓General Information
OctaFX
Regulation
CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
Founded
N/A
Headquarters
Vincent
Overall Rating
FP Markets
Regulation
CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
Founded
N/A
Headquarters
Australia
Overall Rating
Trading Conditions
| Feature | OctaFX | FP Markets |
|---|---|---|
| Minimum Deposit | $25.00 | $100.00 |
| Average Spreads | From 0.6 pips (average 0.7 pips on EUR/USD) – Competitive for majors. | From 1.0 pip (Standard, avg. 1.1 pips on EUR/USD) to 0.0 pips (Raw, avg. 0.1 pips + commission) |
| Maximum Leverage | Up to 1:1000 | Up to 1:500 |
| Commission | None | None |
Account Types
OctaFX
FP Markets
Platforms & Tools
OctaFX
MetaTrader 4, MetaTrader 5, WebTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
FP Markets
MetaTrader 4, MetaTrader 5, cTrader, WebTrader, TradingView
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
OctaFX
Deposit Methods
Credit/Debit Cards (Visa/Mastercard), E-Wallets (Skrill, Neteller), Bank Wire Transfer, Cryptocurrencies (Bitcoin, USDT, 10+ options).
Withdrawal Methods
Same as deposits: Processed same-day for e-wallets/crypto; 1-3 days for wires. Broker covers all fees (third-party may apply).
Withdrawal Fee
None
FP Markets
Deposit Methods
Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, PayPal, Poli, PaySafeCard, Bitcoin, Local methods (e.g., BPay for AU, Ngan Luong for Vietnam)
Withdrawal Methods
Same as deposits; processed 1-3 days (instant for e-wallets)
Withdrawal Fee
None
Support
OctaFX
Support Languages
English, Arabic, Chinese, Spanish, Indonesian, Malay, Thai, Vietnamese – 10+ for Asian/global users.
Support Channels
24/7 via Live Chat, Email (support@octafx.com), WhatsApp/Phone; Response <1 min.
Account Manager
Available
FP Markets
Support Languages
18+ including English, Arabic, Chinese, French, German, Hindi, Indonesian, Japanese, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese
Support Channels
24/7 multilingual customer support via live chat, email, and phone.
Account Manager
Available
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