Similar EU Brokers · April 2026

Best Alternatives to FP Markets in 2026

Five EU-regulated forex brokers with overall scores closest to FP Markets. Compare before you commit.

Quick Answer

The top 3 alternatives to FP Markets are XM, OANDA, and Capital.com.

All three are EU-regulated brokers with overall scores within 0.5 points of FP Markets. See the full comparison below.

ESMA Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why people look for FP Markets alternatives

Traders typically evaluate alternatives to FP Markets for one or more of the following reasons:

Lower total trading cost — tighter spreads or cheaper commissions, especially for high-volume traders.
Stronger regulatory tier — moving to a broker with BaFin or FCA oversight for extra peace of mind.
Different platform needs — access to cTrader, TradingView, or a proprietary mobile app that FP Markets doesn't offer.
Wider instrument universe — more stocks, indices, commodities, or crypto CFDs.
Better educational resources — structured courses, webinars, and beginner-friendly content.
Improved customer support — faster response times, multilingual staff, or extended coverage hours.

Top 5 Alternatives to FP Markets

Ranked by similarity to FP Markets's overall score.

1
XM
8.7/10
XM is ideal for beginner EU traders, offering a $5 minimum deposit, award-winning education, multilingual support in 30+ languages, and CySEC regulation.
Why consider XM: stronger regulation, better education, lower minimum deposit
Min deposit
$5
EUR/USD
0.6 pips
Regulator
CySEC
Platforms
3
Read Review Compare to FP Markets
2
OANDA
8.6/10
OANDA is a veteran forex broker since 1996, known for transparent pricing, flexible lot sizes, excellent research tools, and a long track record of reliability.
Why consider OANDA: stronger regulation, better education, lower minimum deposit
Min deposit
None
EUR/USD
0.6 pips average
Regulator
FCA
Platforms
4
Read Review Compare to FP Markets
3
Capital.com
8.6/10
Capital.com is an AI-driven broker offering 3,000+ commission-free instruments, an award-winning app, and FCA/CySEC regulation for EU traders.
Why consider Capital.com: stronger regulation, better education, more instruments
Min deposit
€20
EUR/USD
0.6 pips average
Regulator
FCA
Platforms
4
Read Review Compare to FP Markets
4
Exness
8.8/10
Exness is a CySEC-regulated broker with ultra-tight pricing, instant withdrawals, and one of the highest monthly trading volumes in the industry ($4T+).
Why consider Exness: lower overall fees, stronger regulation, faster execution
Min deposit
$10
EUR/USD
0.0 pips
Regulator
CySEC
Platforms
4
Read Review Compare to FP Markets
5
XTB
8.8/10
XTB is a publicly listed Polish broker with an award-winning xStation platform, commission-free stock investing, and some of the best educational content in Europe.
Why consider XTB: stronger regulation, wider platform choice, better education
Min deposit
None
EUR/USD
0.1 pips
Regulator
KNF
Platforms
2
Read Review Compare to FP Markets

Full Comparison Table

FP Markets alongside the top 5 alternatives.

Broker	Score	Fees	Regulation	Min Deposit	EUR/USD
FP Markets (current)	8.7	9.2	8.5	$50	0.0 pips
XM	8.7	8.2	9.0	$5	0.6 pips
OANDA	8.6	8.3	9.2	None	0.6 pips average
Capital.com	8.6	8.8	9.0	€20	0.6 pips average
Exness	8.8	9.3	8.8	$10	0.0 pips
XTB	8.8	8.5	9.3	None	0.1 pips

Frequently Asked Questions

What are the best alternatives to FP Markets in 2026?

The top 3 alternatives to FP Markets in 2026 are XM, OANDA, Capital.com. All are EU-regulated forex brokers with overall scores within 0.5 points of FP Markets across fees, platforms, regulation, and execution.

Why might I look for a FP Markets alternative?

Traders commonly seek alternatives to FP Markets for reasons such as wanting lower spreads, stronger regulation, a wider platform selection (like cTrader or TradingView), better mobile apps, more instruments, or region-specific features. Comparing against 5 similar brokers helps you find the best fit for your personal trading style.

Is FP Markets regulated in the EU?

Yes, FP Markets is regulated by CySEC (Cyprus), ASIC (Australia) and is fully ESMA-compliant. All alternatives listed on this page are also EU-regulated and offer negative balance protection for retail clients.

Which FP Markets alternative is cheapest?

Among the top 5 alternatives to FP Markets, the broker with the highest fees score (cheapest) is Exness. Always compare spreads, commissions, swaps, and withdrawal fees together rather than looking at spread alone.

Can I open an account with multiple brokers?

Yes. Many active traders maintain accounts with two or more EU-regulated brokers simultaneously to diversify counterparty risk, access different platforms, or take advantage of different pricing models. There is no regulatory restriction on the number of retail broker accounts you can hold within the EU.

Are the listed alternatives also EU-regulated?

Yes, every alternative listed on this page is regulated by at least one recognised EU authority (CySEC, BaFin, FCA, AMF, CONSOB, CNMV, or KNF). They all comply with ESMA rules on leverage, negative balance protection, and client fund segregation.

Still considering FP Markets?

Read our full FP Markets review or visit the broker to see the latest offer.

Read FP Markets Review Visit FP Markets

CFD Risk Warning

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.