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fpmarkets vs MST

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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These are different service types — a money-transfer service, bank or stockbroker isn’t a like-for-like alternative to a forex/CFD broker. Compare with that in mind.
Safer pick fpmarkets leads on safety — winning 3 of 4 trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
fpmarkets Forex
20/100 risk
🇦🇺 Australia
Read review →
MST Stockbroker
41/100 risk
🇦🇺 Australia
Read review →
Safety & Trust
Scam-risk score lower = safer
20
41
Verdict
Low risk
Guarded
Regulated
Yes
Yes
Licenses
2
1
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
Max leverage
1:500
Min spread (best acct)
from 0
Commission
$3.5
Cost grade
AAA
Account types
2
0
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
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
Products & Funding
Instruments
70+ FX pairs, metals, indices, commodities
Deposit methods
Bank, transfer, NETELLER, Skrill, PerfectMoney
Withdrawal
Skrill, PerfectMoney, Neteller
Execution
Speed
AA
Slippage
D
Swap cost
B
Company
Founded
2017-09-07
2017-11-13
Headquarters
🇦🇺 Australia
🇦🇺 Australia
Employees
0
0

✓ = stronger value on that row · good · caution · weak · "—" = not yet collected. Independent scoring, never for sale.

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