Written by

Fact-checked by

Alia Mehmood

Updated October 2026Country Cyprus

Data verified

Complete Head-to-Head Comparison · 2026

Cmc Markets Vs FP Markets: Detailed Comparison For Traders In Cyprus

Q: Are CMC Markets and FP Markets regulated for Cyprus traders?

Yes, both are regulated by CySEC in Cyprus. CMC Markets holds license 014/06, and FP Markets (First Prudential Markets Ltd) holds license 179/12. They both offer investor protection up to €20,000 via the ICF.

Q: Which broker offers lower spreads for forex trading in Cyprus?

FP Markets generally offers lower spreads on forex, especially on its Raw Account with spreads from 0.0 pips and a small commission. CMC's standard spreads are wider, and its raw pricing is only for professional clients with higher deposits.

Q: Can I use MetaTrader 4 with both brokers in Cyprus?

Yes, both CMC Markets and FP Markets provide MT4. However, FP Markets also offers MT5 and cTrader, giving more platform choices. CMC's proprietary Next Generation platform is a key differentiator if you prefer a built-in platform.

Which broker is better for Cyprus traders in 2026? Expert analysis across 12 categories.

CMC Markets

FCA · ASIC · MAS · Founded 1989

Open Account

FP Markets

1 · Founded 2026

Open Account

Winner: CMC Markets

Categories: 12 compared

For: Cyprus traders

Updated: October 2026

Compare any two brokers

Full CMC Markets Review Full FP Markets Review

Compare All Brokers in Cyprus

Best Forex Brokers Best Gold CFD Brokers Lowest Spread Brokers Best Demo Account

Quick Verdict — Cyprus Traders

Best Overall

CMC Markets

Higher overall score & more features

Best Spreads

FP Markets

Lower trading costs for scalpers

Islamic Accounts

FP Markets

Swap-free for Cyprus Muslims

Best for Beginners

CMC Markets

Better education & support

$0 vs $100

Min deposit

1:1 vs 1:1

Max leverage

FCA vs 1

Top regulator

4.2 vs 2.9

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

Head-to-head comparison

For traders in Cyprus, choosing between CMC Markets and FP Markets requires careful consideration of regulatory oversight, trading costs, platform features, and account flexibility. This comparison provides factual, up-to-date details to help Cypriot traders decide which broker aligns with their trading style and experience level.

🏆

Overall Scores Comparison

CMC Markets

FCA · ASIC · MAS

4.2

CompareBroker score

Winner

FP Markets

2.9

CompareBroker score

Trading Costs

Spreads, commissions

4.3

WIN

3.0

Platforms

MT4, MT5, cTrader, TV

3.9

WIN

3.1

Regulation

Safety, oversight

4.5

WIN

3.2

Deposits

Local payments

4.3

WIN

3.0

Customer Support

24/5, chat, phone

4.0

WIN

2.7

Education

Webinars, guides

4.3

WIN

2.6

Execution

Speed, slippage

4.0

WIN

3.0

Mobile App

iOS, Android

4.2

WIN

2.9

💹

Trading Costs - Spreads & Commissions

Instrument	CMC Markets	FP Markets	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	FP Markets
XAU/USD (Gold)	$0.14 typical	$0.12 typical	FP Markets
GBP/USD avg spread	0.29 pips	0.23 pips	FP Markets
Standard acc spread	from 1.0 pips	from 0.8 pips	FP Markets
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$0	$100	CMC Markets

📂

Account Types Comparison

Account Type	CMC Markets	FP Markets
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✗	✓
Demo account	✓	✓
PAMM / MAM account	✗	✗
Zero spread account	✗	✓
Copy trading	✗	✗
Min deposit	$0	$100

⚖️

Leverage Comparison - Cyprus Traders

Entity / Asset	CMC Markets	FP Markets
Cyprus (offshore)	Up to 1:1	Up to 1:1
Forex major pairs	1:1	1:1
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for Cyprus Traders

Traders in Cyprus typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

📈

Trading Instruments - Assets Available

Asset Class	CMC Markets	FP Markets	Winner
Forex pairs	90+	65+	CMC Markets
Gold (XAU/USD)	✓	✓	Tie
Oil (WTI/Brent)	✓	✓	Tie
Stock indices	25+ indices	20+ indices	CMC Markets
Crypto CFDs	30+	20+	CMC Markets
Stocks / Share CFDs	1,000+	1,700+	FP Markets
ETFs	✓	✓	Tie

🖥️

Platforms Comparison

Platform	CMC Markets	FP Markets
MetaTrader 4 (MT4)	✓	✓
MetaTrader 5 (MT5)	✓	✓
cTrader	✗	✓
TradingView	✗	✓
Expert Advisors (EAs)	✗	✓
Scalping allowed	✓	✓
Hedging allowed	✓	✓

⚡

Execution Quality - Speed & Slippage

Factor	CMC Markets	FP Markets	Winner
Execution model	ECN/STP	True ECN	FP Markets
Avg execution speed	~30ms	~40ms	CMC Markets
Slippage	Very low	Very low	Tie
Requotes	Very rare	Very rare	Tie
Scalping allowed	✓	✓	Tie
EA / Bot trading	✗	✓	Tie

🛡️

Regulation & Safety for Cyprus Traders

Safety Factor	CMC Markets	FP Markets
Primary regulator	FCA	ASIC
Top-tier regulated	✓	✓
Investor protection	✓	✓
Segregated funds	✓	✓
Neg. balance protection	✓	✓

Verify regulation independently

Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Cyprus traders may differ by entity.

💳

Deposits & Withdrawals for Cyprus

Payment Method	CMC Markets	FP Markets
Bank Wire Transfer	✓	✓
Visa / Mastercard	✓	✓
Skrill	✓	✓
Neteller	✗	✓
USDT / Crypto	✗	✓
Withdrawal time	5 business days	24 hours

☪️

Islamic Accounts - Swap-Free for Cyprus Muslims

Islamic Account Feature	CMC Markets	FP Markets
Swap-free available	✗	✓
Admin fee instead of swap	On some instruments	On some instruments
MT4 / MT5 supported	✓	✓
How to apply	Contact support	Contact support

Islamic Account Note

Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.

💬

Customer Support Comparison

Support Feature	CMC Markets	FP Markets	Winner
Live chat	✓	✓	Tie
Phone support	✓	✓	Tie
Email support	✓	✓	Tie
24/7 support	✗	✗	Tie
Response time (chat)	<2 minutes	<3 minutes	CMC Markets

📱

Mobile App Comparison

Mobile Feature	CMC Markets	FP Markets	Winner
iOS App Store rating	4.5 stars	4.3 stars	CMC Markets
Google Play rating	4.3 stars	4.2 stars	CMC Markets
Biometric login	✓	✓	Tie
Push notifications	✓	✓	Tie
Full charting on mobile	✓	✓	Tie
TradingView mobile	✗	✓	FP Markets

📚

Education & Research Tools

Resource	CMC Markets	FP Markets	Winner
Video tutorials	100+ videos	50+ videos	Tie
Webinars (live)	Weekly	✗	CMC Markets
Economic calendar	✓	✓	Tie
Market analysis	Daily	Basic	CMC Markets

⭐

Real User Reviews - Trustpilot

CMC Markets

☆☆☆☆☆

—

3,200 verified reviews

View on Trustpilot

FP Markets

☆☆☆☆☆

—

10,100 verified reviews

View on Trustpilot

⚖️

Pros & Cons of Each Broker

CMC Markets

Pros

+Top-tier regulated

Cons

-No TradingView

-No 24/7 support

FP Markets

Pros

+Top-tier regulated

+TradingView integration

+Islamic swap-free account

Cons

-No 24/7 support

👤

Who Should Use Which Broker? - Cyprus Guide

Choose CMC Markets if you...

Are a beginner trader in Cyprus

Want TradingView integration

Have less than $200 to start

Want FCA regulation

Choose FP Markets if you...

Are a beginner trader in Cyprus

Are a scalper or EA trader

Need PAMM/MAM accounts

Want True ECN regulation

❓

FAQ - CMC Markets vs FP Markets in Cyprus

Are CMC Markets and FP Markets regulated for Cyprus traders?

Which broker offers lower spreads for forex trading in Cyprus?

Can I use MetaTrader 4 with both brokers in Cyprus?

Final Verdict - Cyprus 2026

CMC Markets wins overall

After comparing 12 categories, CMC Markets comes out ahead for most Cyprus traders.

Open CMC Markets Open FP Markets

Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.

Find Your Best Broker

Compare all brokers for Cyprus traders based on your trading style.

Compare All Brokers

Score Summary

CMC Markets Winner4.2/5

FP Markets 2.9/5

Full Reviews

Full CMC Markets Review →Full FP Markets Review →

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Best Brokers in Cyprus

Best Forex Brokers Best Gold CFD Brokers Lowest Spread Brokers Best Demo Account

Risk Warning: CFDs are complex instruments. 74-89% of retail accounts lose money.

Cmc Markets Vs FP Markets: Detailed Comparison For Traders In Cyprus

Quick Verdict — Cyprus Traders

Head-to-head comparison

Overall Scores Comparison

Trading Costs - Spreads & Commissions

Account Types Comparison

Leverage Comparison - Cyprus Traders

Trading Instruments - Assets Available

Platforms Comparison

Execution Quality - Speed & Slippage

Regulation & Safety for Cyprus Traders

Deposits & Withdrawals for Cyprus

Islamic Accounts - Swap-Free for Cyprus Muslims

Customer Support Comparison

Mobile App Comparison

Education & Research Tools

Real User Reviews - Trustpilot

Pros & Cons of Each Broker

CMC Markets

FP Markets

Who Should Use Which Broker? - Cyprus Guide

Choose CMC Markets if you...

Choose FP Markets if you...

FAQ - CMC Markets vs FP Markets in Cyprus

Are CMC Markets and FP Markets regulated for Cyprus traders?

Which broker offers lower spreads for forex trading in Cyprus?

Can I use MetaTrader 4 with both brokers in Cyprus?

Final Verdict - Cyprus 2026

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