Decode FX vs FP Markets: Comparison

Forex Broker Comparison

Detailed side-by-side analysis

Decode FX
Decode FX
VS
FP Markets
FP Markets
General Information Trading Conditions Account Types Platforms & Tools Payments Support

Quick Summary

Best for Beginners

Decode FX

$0.00

Tightest Spreads

Decode FX

From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips pips

Highest Leverage

FP Markets

1:Up to 1:500

Best Rated

Decode FX

4.40
/5

Mobile Trading

Both

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General Information

Decode FX

Regulation

ASIC (Australia), VFSC (Vanuatu)

Founded

N/A

Headquarters

Australia

Overall Rating

4.40/5

FP Markets

Regulation

CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)

Founded

N/A

Headquarters

Australia

Overall Rating

4.00/5

Trading Conditions

Feature Decode FX FP Markets
Minimum Deposit $0.00 $100.00
Average Spreads From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips 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 1:500 Up to 1:500
Commission None None

Account Types

Decode FX

beginner-friendly ecn-raw

FP Markets

Standard Accounts Islamic Account ECN Accounts Copy Trading Accounts VIP Accounts Raw Account

Platforms & Tools

Decode FX

MetaTrader 4, MetaTrader 5

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

Decode FX

Deposit Methods

Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, Alipay, Poli, DragonPay, USDT (crypto)

Withdrawal Methods

Same as deposits: Bank Wire (fee-free), Cards/Skrill/Neteller (fees apply), USDT

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

Decode FX

Support Languages

English, Chinese, Spanish, Arabic, Indonesian (multi-language support via MT4/MT5)

Support Channels

24/5 live chat, email, phone; Responsive weekdays but mixed reviews on speed

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

Ready to choose your broker?

Select the platform that best matches your needs

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