Best FP Markets Alternatives 2026
We ranked substitutes that actually make sense for FP Markets users — prioritizing similar regulation, platform overlap, account fit, and obvious upgrade paths instead of recycling a generic top-brokers list.
FP Markets scores 8.2/10 in our review model, which means this is not a “run away” page. It is a switch page. The shortlist below is tuned for traders who want something close in profile, but better on one of the usual pain points: costs, platform workflow, regulation, or product depth.
The top match right now is IC Markets, because it overlaps most cleanly with FP Markets on platform stack, account fit, and broker profile while still offering a stronger overall package.
IC Markets
Trading-cost score: 9.5/10 · spreads from 0.0 pips
IC Markets
Platforms: MT4, MT5, cTrader
Forex.com
Regulation score: 9.5/10
Top 5 Alternatives to FP Markets
| # | Broker | Why it fits | Overall Score | Min Deposit | Spreads | Regulation | |
|---|---|---|---|---|---|---|---|
| 1 | I IC Markets Alt fit score: 25.1 | Lower-cost pick with a trading-cost score 1.0 points higher than FP Markets. | 8.8 | $200 | 0.0 pips | ASIC CySEC FSA | Review → |
| 2 | A Admirals Alt fit score: 22.7 | Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5). | 8.4 | $100 | 0.0 pips | CySEC FCA ASIC | Review → |
| 3 | P Pepperstone Alt fit score: 22.7 | Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5). | 8.5 | $0 | 0.0 pips | ASIC FCA CySEC | Review → |
| 4 | F Forex.com Alt fit score: 22.7 | Stronger regulation profile for traders who care more about entity quality than promotions. | 8.5 | $100 | 0.0 pips | FCA ASIC CySEC | Review → |
| 5 | F FxPro Alt fit score: 22.6 | Closest like-for-like substitute thanks to shared platform coverage (MT4, MT5). | 8.4 | $100 | 0.0 pips | CySEC FCA FSCA | Review → |
FP Markets vs IC Markets — Side by Side
FP Markets
IC Markets
Why traders switch from FP Markets
Costs are already competitive, so the better reason to switch is usually platform fit or product access rather than shaving a fraction of a pip.
FP Markets already has a respectable platform stack, so switching makes more sense if you want a different workflow than MT4, MT5, cTrader, IRESS.
If trust and entity quality matter more than headline leverage, Forex.com is the safer upgrade path from a regulation angle.