fpmarkets vs MOGAFX
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick fpmarkets leads on safety — winning 2 of 3
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓20
85
Verdict
Low risk
Severe
Regulatedⓘ
Yes
Yes
Licenses
2
2
Tier-1 regulatorsⓘ
✓2
1
Trustpilot score
4.8
—
Reviews collected
10255
—
Exit riskⓘ lower = safer
Guarded
—
Known clonesⓘ
6
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
✓$100
$1000
Max leverage
1:500
1:500
Min spread (best acct)
from 0
from 0
Commission
$3.5
—
Cost grade
AAA
—
Account types
2
✓5
Best for
Suits
Traders who prioritize regulatory oversight (ASIC, CySEC) and a wide range of instruments, Traders who value fast, friendly customer support for routine issues, Traders comfortable with a low-risk score and willing to navigate occasional withdrawal friction
High-net-worth traders, Experienced traders comfortable with high leverage, Traders seeking access to MT4, MT5, and cTrader
Not for
Traders who require guaranteed, hassle-free withdrawals, Traders who are sensitive to latency and execution speed, Traders who have had prior disputes over 'abusive trading' accusations
Beginners or small-scale retail investors, Traders requiring strong regulatory protection, Those unwilling to risk high minimum deposits
Products & Funding
Instruments
70+ FX pairs, metals, indices, commodities
--
Deposit methods
Bank, transfer, NETELLER, Skrill, PerfectMoney
Bank, transfer, PerfectMoney, BTC, USDT
Withdrawal
Skrill, PerfectMoney, Neteller
Bank, transfer, PerfectMoney, BTC, USDT
Execution
Speed
AA
—
Slippage
D
—
Swap cost
B
—
Company
Founded
2017-09-07
2020-08-05
Headquarters
🇦🇺 Australia
🇦🇺 Australia
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.