FM
FP Markets
3.8 / 5Score: 1 / 4
A true multi-asset powerhouse offering tight spreads, high leverage, and professional-grade platforms across six market categories.
- Min deposit
- $100
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC, CySEC
Reviewed by Experts Updated 8/20/2026
FP Markets vs Fidelity: Which Broker Wins in 2026?
FP Markets and Fidelity serve very different trading crowds, but only one comes out on top in our independent scoring. FP Markets edges ahead with a 3.8/5 rating thanks to tighter spreads, deeper regulation, and a wider market menu. Fidelity remains a strong pick for cost-conscious beginners focused purely on US stocks.
F
Fidelity
3.6 / 5Score: 3 / 4
An 80-year-old US financial institution offering commission-free stock investing with zero minimum deposit barriers.
- Min deposit
- $0
- Max leverage
- 1:2
- Spread from
- 0 pips
- Regulators
- SEC, CFTC
Overall Winner
FP Markets
Best for Beginners
Fidelity
Lowest Fees
FP Markets
Top Regulation
FP Markets
Side-by-side comparison
Core features compared head-to-head.
| Feature | FM FP Markets | F Fidelity |
|---|---|---|
| Overview | ||
| Rating | 3.8 / 5 | 3.6 / 5 |
| Founded | 2005 | 1946 |
| Headquarters | Sydney, Australia | Boston, USA |
| Regulation | ASIC, CySEC | SEC, CFTC |
| Fees & Limits | ||
| Min Deposit | $100 | $0 |
| Spreads From | 0 pips | 0 pips |
| Commission | $3/lot | None |
| Max Leverage | 1:500 | 1:2 |
| Platforms & Markets | ||
| Trading Platforms | MT4, MT5, TradingView, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
| Markets Offered | Forex, Cfd, Stocks, Indices, Commodities, Crypto | Stocks, Indices, Commodities |
Trading & non-trading fees
Min Deposit
FP Markets
$100
Fidelity
$0
Spreads From
FP Markets
0 pips
Fidelity
0 pips
Commission
FP Markets
$3/lot
Fidelity
None
Deposit Fees
FP Markets
None
Fidelity
None
Withdrawal Fees
FP Markets
None
Fidelity
None
Pros & cons
FM
FP Markets
Pros
- Higher overall independent rating at 3.8/5 compared to competitors in this category
- Access to significantly higher leverage of up to 1:500 for eligible accounts
- Broader market coverage with six distinct asset classes to trade
- Wider platform selection with four supported trading environments
- Transparent commission structure with no hidden markups
- Strong dual regulatory oversight from ASIC and CySEC
- Zero fees on both deposits and withdrawals
Cons
- Minimum deposit of $100 is higher than some no-minimum competitors
- High leverage up to 1:500 significantly increases risk for inexperienced traders
- Commission of $3/lot adds cost on high-volume trading strategies
- Not regulated by US-specific bodies like the SEC or CFTC
- Newer company history since 2005 compared to century-old institutions
F
Fidelity
Pros
- No minimum deposit required, removing the barrier to entry entirely
- Zero per-trade commission structure on stock investing
- Strong regulatory backing from both the SEC and CFTC
- Nearly eight decades of operating history since 1946
- Simple, beginner-friendly proprietary platforms
- No fees charged on deposits or withdrawals
Cons
- Maximum leverage capped at just 1:2, limiting trading flexibility
- No access to forex or cryptocurrency markets
- Only two proprietary platforms with no MT4/MT5 or TradingView support
- Lower overall independent rating of 3.6/5 versus top competitors
- Limited to Stocks, Indices, and Commodities only
Our expert verdict
Editor's verdict
Overall winner FP Markets
Lowest fees FP Markets
Best regulation FP Markets
Better for beginners Fidelity
FP Markets is our top recommendation overall, scoring 3.84/5 versus Fidelity's 3.58/5 on our proprietary rating scale. FP Markets wins on regulatory breadth, platform variety, leverage, and multi-asset access, making it the stronger all-around package for active traders. Fidelity still holds appeal for beginners who want a $0 minimum deposit and zero-commission US stock trading, but it falls short on global market access and leverage flexibility.
Regulation & Safety
FP Markets is regulated by ASIC and CySEC, two well-respected tier-one and tier-two regulatory bodies that impose strict capital adequacy and client fund segregation rules on forex and CFD brokers.
Fidelity is overseen by the SEC and CFTC, both robust US regulators, giving it comparable regulatory credibility, particularly for traders who prioritize working within the US financial system.
Both brokers score well on safety, but FP Markets' multi-jurisdictional coverage across Australia and Europe gives it a slight edge for traders who want broader international protection.
Neither broker charges deposit or withdrawal fees, which is a welcome sign of transparency on both sides.
Fees, Spreads & Commissions
Both brokers advertise spreads from 0 pips, but the underlying cost structure differs meaningfully. FP Markets charges a $3 per lot commission on its raw spread accounts, a standard structure for ECN-style forex and CFD trading.
Fidelity charges no per-trade commission at all, which makes it exceptionally attractive for buy-and-hold stock investors who don't need forex or leveraged CFD exposure.
FP Markets' $100 minimum deposit is modest for a multi-asset broker offering leverage up to 1:500, while Fidelity's $0 minimum deposit removes virtually any barrier to entry for new investors.
For active forex and CFD traders, FP Markets' fee model is more competitive once volume increases, while Fidelity's zero-commission model favors lower-frequency stock investors.
Trading Platforms & Tools
FP Markets supports MT4, MT5, TradingView, and a proprietary mobile app, giving traders access to industry-standard charting, automated strategy tools, and social trading integrations.
Fidelity offers a proprietary web platform and a proprietary mobile app, both built specifically for long-term investing and portfolio management rather than active trading.
Traders who rely on Expert Advisors, custom indicators, or advanced charting will find FP Markets' platform lineup significantly more flexible and technically capable.
Fidelity's tools are streamlined and beginner-friendly, prioritizing simplicity and research integration over algorithmic trading features.
Market Access & Leverage
FP Markets covers six market categories: Forex, CFDs, Stocks, Indices, Commodities, and Crypto, offering leverage up to 1:500 depending on jurisdiction and instrument.
Fidelity restricts access to Stocks, Indices, and Commodities, with a maximum leverage of just 1:2, reflecting its conservative, long-term investment focus.
This gap makes FP Markets the clear choice for diversified traders who want forex and crypto exposure alongside traditional assets.
Fidelity's lower leverage ceiling is actually a benefit for risk-averse investors who want to avoid the amplified losses that come with high-leverage trading.
Company Background & Track Record
Fidelity was founded in 1946 and is headquartered in Boston, USA, giving it an 80-year operating history and deep institutional trust among American investors.
FP Markets was founded in 2005 and is headquartered in Sydney, Australia, making it a newer but still well-established player in the online forex and CFD space.
While Fidelity's longevity is impressive, FP Markets has built a solid two-decade reputation specifically within the retail forex and CFD trading community.
Both firms demonstrate long-term stability, though they cater to fundamentally different investor profiles built up over their respective histories.
Our Verdict
FP Markets earns our recommendation as the stronger overall broker, scoring 3.84/5 against Fidelity's 3.58/5, driven by superior leverage, platform variety, and multi-asset market access.
Fidelity remains an excellent choice specifically for beginners who want a zero minimum deposit and commission-free US stock investing without the complexity of leveraged trading.
If your priority is forex, CFDs, or crypto trading with professional-grade platforms, FP Markets is the more complete solution.
If you're a first-time investor focused solely on stocks with minimal capital, Fidelity's simplicity remains hard to beat.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
FP Markets wins overall
FP Markets edges out Fidelity overall based on our expert rating score.
FM
Highest Rated
FP Markets
3.8 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.8/5).
FP MarketsBetter for beginners
Stronger onboarding and educational resources.
FidelityLower trading costs
More competitive spreads and baseline commissions.
FP MarketsStronger regulation
Higher trust based on tier-1 regulatory oversight.
FP Markets
Frequently asked questions
According to our independent rating system, FP Markets scores higher overall at 3.8/5 compared to Fidelity's 3.6/5. FP Markets pulls ahead due to its broader market access, higher leverage ceiling, and wider platform selection, while Fidelity remains competitive for pure stock investing. Your ideal choice ultimately depends on whether you prioritize multi-asset trading flexibility or simple long-term stock investing.
Both brokers advertise spreads starting from 0 pips, but FP Markets applies a $3 per lot commission on its raw pricing accounts, while Fidelity charges no commission at all on stock trades. For active forex and CFD traders, FP Markets' structure becomes more efficient at scale, whereas Fidelity's zero-commission model suits lower-frequency stock investors best.
FP Markets requires a minimum deposit of $100 to open an account, while Fidelity has no minimum deposit requirement whatsoever. This makes Fidelity notably more accessible for beginners with limited starting capital who want to ease into investing without an upfront funding hurdle.
FP Markets is regulated by ASIC and CySEC, both respected international regulatory bodies known for strict oversight of forex and CFD brokers. Fidelity is regulated by the SEC and CFTC, which provide robust protection specifically within the US financial system, making both brokers comparably safe within their respective jurisdictions.
FP Markets supports MT4, MT5, TradingView, and a proprietary mobile app, giving traders access to advanced charting and automated trading capabilities. Fidelity offers a proprietary web platform and a proprietary mobile app, both designed with simplicity and long-term portfolio management in mind rather than active trading tools.
FP Markets supports Forex, CFDs, Stocks, Indices, Commodities, and Crypto, giving traders access to six diverse asset classes. Fidelity, by contrast, limits access to Stocks, Indices, and Commodities only, meaning forex and cryptocurrency traders will need to look to FP Markets for that exposure.
Yes, there is nothing preventing you from opening accounts at both FP Markets and Fidelity simultaneously. Many traders diversify across multiple brokers to access different asset classes, platform tools, or regulatory environments depending on their specific trading and investing goals.
FP Markets offers leverage up to 1:500 depending on the instrument and jurisdiction, making it suitable for active traders who want amplified market exposure. Fidelity caps leverage at just 1:2, reflecting its conservative, long-term investment approach rather than a leveraged trading model.
Fidelity is generally considered the better choice for absolute beginners thanks to its $0 minimum deposit, zero-commission structure, and simplified platform designed for long-term investing. FP Markets, while still beginner-accessible, is better suited to traders who already have some familiarity with forex, CFDs, or leveraged products.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.