FP Markets vs MG FOREX
A side-by-side look at FP Markets and MG FOREXusing the data we hold on each — score, regulators, platforms, minimum deposit, spreads and leverage. Blank fields mean we have nothing verified on record, not a “no”.
FP Markets
Score 8.88Low-spread ECN execution from 0.0 pips on institutional-grade infrastructure
MG FOREX
Score 7.6Competitive forex and CFD trading for beginners and pros alike
FP Markets vs MG FOREX: the short verdict
FP Markets carries the higher overall score of the two — 8.88 against MG FOREX's 7.6. FP Markets lists more regulators than MG FOREX (4 to 1), including ASIC, CMA and CySEC. MG FOREX sets no minimum deposit, where FP Markets asks for $100. Both run on MetaTrader 4 and MetaTrader 5. FP Markets additionally lists cTrader and Proprietary platform. MG FOREX is the longer-established of the two, trading since 1992 against 2005 for FP Markets.
Side-by-side comparison
| Feature | FP Markets | MG FOREX |
|---|---|---|
| Min Deposit | $100 | $0 |
| Raw Spread | 0.0 pips | 100$ |
| Max Leverage | Varies by jurisdiction and account type | 400:1 |
| Regulations | ASIC, CMA, CySEC, +1 others | FCA |
| Platforms | MetaTrader 4, MetaTrader 5, +3 others | MT4, MT5 |
| Islamic Acc | No | No |
| Copy Trading | No | Yes |
| Overall rating | 8.88 | 7.6 |
This comparison is an independent directory listing, not financial advice or a recommendation. Trading forex and CFDs carries a significant risk of loss. Always verify a broker's regulatory status with the official authority before depositing.
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