Choose FP Markets if you want…
Australian + EU traders wanting deep equity CFD coverage via IRESS plus ECN FX execution from a dual-tier-1 broker.
FP Markets
⭐ 4.5 / 5
VS
ThinkMarkets
⭐ 4.5 / 5
FP Markets vs ThinkMarkets — which broker is better in 2026?
We compared FP Markets and ThinkMarkets across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. ThinkMarkets wins on more criteria (2 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
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| FP Markets | ThinkMarkets | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.5 / 5 | ⭐ 4.5 / 5 | Tie |
| Regulators | ASIC, CySEC, FSCA, FSA SVG | FCA, ASIC, CySEC, FSCA, SCB Bahamas, JFSA | ThinkMarkets |
| Min. deposit | $100 | $0 (no minimum) | ThinkMarkets |
| Spreads from | 0.0 pips (Raw) | 0.0 pips (ThinkZero) / 0.4 pips (Standard) | Tie |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | Up to 1:30 (EU retail) / 1:500 (offshore) | — |
| Platforms | MT4, MT5, cTrader, IRESS, FP Markets Mobile | MT4, MT5, ThinkTrader, TradingView | FP Markets |
| Founded | 2005 | 2010 | — |
| HQ | Sydney, Australia | London, UK / Melbourne, Australia | — |
Pros & cons compared
FP Markets pros
- ✓ Founded 2005 — 20+ year operating history
- ✓ ASIC + CySEC dual tier-1 regulation
- ✓ Raw account: 0.0 pips + $3/lot commission per side
- ✓ Five platforms incl. IRESS — DMA access to ASX & global equities
- ✓ 10,000+ share CFDs across 9 international exchanges
Cons
- ✗ $100 minimum deposit higher than budget brokers
- ✗ Smaller brand than IC Markets / Pepperstone
- ✗ IRESS platform has steeper learning curve than MT4
ThinkMarkets pros
- ✓ FCA + ASIC + CySEC + JFSA tier-1 regulation
- ✓ ThinkZero account: 0.0 pips + $3.50/lot commission
- ✓ No minimum deposit
- ✓ Proprietary ThinkTrader platform with advanced charting
- ✓ Native TradingView integration
Cons
- ✗ Brand smaller than IC Markets / Pepperstone
- ✗ ThinkTrader platform has learning curve vs. MT4
- ✗ Limited social trading vs. eToro / Naga
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Which one should you choose?
Choose ThinkMarkets if you want…
EU + Australian traders wanting a tier-1 regulated ECN broker with proprietary platform options.
Frequently asked questions
Which is better — FP Markets or ThinkMarkets?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), ThinkMarkets wins 2 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is FP Markets more regulated than ThinkMarkets?
FP Markets holds licenses from: ASIC, CySEC, FSCA, FSA SVG. ThinkMarkets holds licenses from: FCA, ASIC, CySEC, FSCA, SCB Bahamas, JFSA. ThinkMarkets has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at FP Markets vs ThinkMarkets?
FP Markets spreads start from 0.0 pips (Raw). ThinkMarkets spreads start from 0.0 pips (ThinkZero) / 0.4 pips (Standard). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, FP Markets or ThinkMarkets?
FP Markets: $100. ThinkMarkets: $0 (no minimum). ThinkMarkets has the lower entry barrier.