6 minute read
JustMarkets vs FP Markets: Which Broker Is Right for You?
from JustMarkets
by Exness_India
When choosing a forex broker, the decision often comes down to two or three final contenders. In this case, if you’re weighing JustMarkets vs FP Markets, you’re likely a retail or semi-professional trader looking for a trusted platform with low spreads, solid regulation, fast execution, and good support. So, which one is better for you? Let’s go straight to the answer — JustMarkets is more suitable for traders seeking a beginner-friendly, bonus-rich, and low minimum deposit environment, while FP Markets suits more experienced traders focused on ECN conditions, better regulation, and high-volume trading tools.
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Now, let’s break that down in detail to help you make a confident, informed choice.
Regulation and Trust: Is Your Money Safe?
FP Markets is a veteran broker founded in 2005, regulated by ASIC (Australia) and CySEC (Cyprus) — two of the most respected regulatory bodies in the financial world. ASIC ensures strict compliance with investor protection policies, client fund segregation, and transparent operations. This makes FP Markets a trustworthy option for traders who are risk-conscious and value high regulatory oversight.
On the other hand, JustMarkets, although launched in 2012 and widely used in Asia and Africa, operates under the regulation of the FSA in Seychelles. This offshore jurisdiction provides fewer investor protection mechanisms. While that doesn’t automatically make JustMarkets unsafe, it places the burden of due diligence more heavily on the trader. However, for traders in regions where ASIC or CySEC-licensed brokers are unavailable, JustMarkets still offers a viable alternative.
Verdict: If regulation and investor protection are non-negotiable for you, FP Markets wins clearly here.
Trading Conditions: Spreads, Commissions, and Execution
JustMarkets shines with extremely low spreads starting from 0.0 pips on Raw Spread accounts, and its commission is competitive at $3 per lot per side. It offers both STP and ECN accounts, making it flexible for different trading styles. Moreover, the minimum deposit for ECN accounts is quite low — around $100 — which makes high-level trading more accessible to small capital traders.
FP Markets also offers ECN trading with raw spreads from 0.0 pips, but it charges $3 per lot per side, similar to JustMarkets. However, FP Markets has a higher minimum deposit requirement for Raw accounts — typically $100 AUD or equivalent, but sometimes more depending on region. Where FP Markets excels is in execution speed and stability, especially during volatile markets. They have direct access to over 60 liquidity providers and offer true DMA (Direct Market Access).
Verdict: It's a draw for cost, but FP Markets edges ahead for professional-grade execution and liquidity. Still, JustMarkets is ideal for those who want ECN with lower capital.
Platforms and Tools
JustMarkets supports MetaTrader 4 and MetaTrader 5, the gold standards of forex trading platforms. It offers mobile, web, and desktop versions with fast execution, VPS hosting, and copy trading features. While not overloaded with fancy tools, JustMarkets focuses on simplicity and usability.
FP Markets, in contrast, goes the extra mile. Besides MT4 and MT5, it provides IRESS, a professional trading platform for stocks, futures, and CFDs, along with Autochartist, a powerful market scanning tool. For those interested in algorithmic trading or scalping, FP Markets is arguably more robust.
Verdict: FP Markets is more tool-rich, suitable for advanced traders. JustMarkets is better for beginners and intermediate users who want a clean, fast, and intuitive experience.
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Account Types and Minimum Deposits
One of the standout features of JustMarkets is its ultra-low minimum deposit requirement — as little as $1 for Standard accounts. This makes it incredibly accessible to new traders, especially in developing countries or student demographics.
FP Markets, however, requires at least $100 AUD or more, which is still affordable but may deter absolute beginners or those testing the waters with small capital.
Verdict: JustMarkets wins this round for accessibility and flexible entry points.
Bonus Programs and Promotions
If you care about bonuses, promotions, and contests, JustMarkets is far more active in this area. It regularly offers deposit bonuses (up to 120%), trading contests, welcome bonuses, and partner incentives. This appeals to high-risk/high-reward traders and those who enjoy gamified trading environments.
FP Markets, on the other hand, rarely runs promotions due to stricter regulatory compliance — especially under ASIC. It focuses on pure trading conditions rather than bonus gimmicks.
Verdict: JustMarkets clearly leads if promotions and trading incentives matter to you.
Customer Support and Educational Content
Both brokers provide 24/5 customer support, live chat, email, and multilingual service. However, JustMarkets is known for more personalized support in countries like Vietnam, Indonesia, and Nigeria, with localized websites and local phone numbers. FP Markets provides institutional-grade support, including a dedicated account manager for higher-tier clients.
In terms of education, FP Markets offers better structured learning — video tutorials, webinars, eBooks, and in-depth market analysis. JustMarkets’ education section is more limited, with basic articles and platform guides.
Verdict: For quality education and global support, FP Markets wins. But for localized assistance in emerging markets, JustMarkets is better.
Deposit and Withdrawal Options
JustMarkets offers a wide range of local deposit options, including e-wallets, cryptocurrencies, and even local bank transfers in certain countries. Withdrawals are typically processed within 1–2 hours, which is fast compared to the industry average.
FP Markets also provides a decent range of methods, including PayPal, Skrill, Neteller, and bank wire. Withdrawal speeds are usually around 1 business day, but it depends on your region and the method used.
Verdict: If speed and variety matter, especially in countries with limited financial infrastructure, JustMarkets offers more convenience.
Which Broker Is Right for You?
Now that we’ve broken down the essentials, let’s simplify the decision.
Choose JustMarkets if:
You're a beginner or intermediate trader.
You want to start with very low capital ($1–$100).
You prefer bonuses, promotions, and trading contests.
You need localized customer support and fast local deposits.
You mainly trade forex and CFDs with minimal tools.
Choose FP Markets if:
You're a professional or semi-professional trader.
You prioritize strict regulation (ASIC/CySEC).
You need advanced tools like Autochartist and IRESS.
You care about DMA execution, deep liquidity, and institutional conditions.
You’re planning to trade high volumes or scalping strategies.
Final Thoughts
There’s no one-size-fits-all answer. Both JustMarkets and FP Markets are legitimate, reliable brokers — but they cater to different audiences.
JustMarkets is tailored to traders who are just starting out, want a low barrier to entry, and are motivated by bonus programs and flexibility.FP Markets, by contrast, is built for traders who demand precision, regulation, and advanced tools to scale their trading operations.
So, take a moment to reflect on your trading goals, experience level, and appetite for risk. Once you know where you stand, the right broker will be clear.
In the end, the best broker is not the one with the flashiest features — it’s the one that aligns with your specific trading strategy and growth path.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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