FP Markets vs FxOpen (2026): Which Broker Suits Israel Traders Best?

For Israel traders, trading costs are a key differentiator. FP Markets offers spreads from 0.0 pips on its Raw ECN account, with a commission of $3 per lot per side. This is ideal for high-volume traders who execute many trades daily. FxOpen’s spreads start from 0.2 pips on its ECN account, with a commission of $2 per lot per side, but standard account spreads are wider. Over 100 trades per month, FP Markets can save traders 10-20% on total costs compared to FxOpen, especially on major pairs like EUR/USD and USD/ILS. Both brokers offer competitive swap rates, but FP Markets’ lower spreads give it an edge for scalpers and day traders in Israel.

Both brokers support MetaTrader 4 and MetaTrader 5, which are the platforms of choice for experienced traders in Israel. FP Markets also offers cTrader, a platform known for its advanced charting and fast execution, which is popular among algorithmic traders. FxOpen provides MetaTrader 4 and 5 but lacks cTrader. For Israeli traders who use Expert Advisors (EAs) or custom indicators, both brokers offer VPS hosting services. FP Markets’ integration with cTrader gives it an advantage for traders who need depth of market and low-latency trading.

Execution speed is critical for experienced traders. FP Markets offers ECN execution with average speeds under 40ms, ideal for scalping and high-frequency trading. FxOpen’s execution is reliable but slower, averaging 60-80ms due to its dealing desk model on some accounts. FP Markets also provides no requotes on its ECN accounts, while FxOpen may have requotes during volatile markets. For Israeli traders who trade major pairs like USD/ILS or EUR/USD, FP Markets’ faster execution reduces slippage.

Regulation is crucial for Israel traders, especially with the Israel Securities Authority (ISA) overseeing local financial activities. FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), providing strong investor protection and segregated accounts. FxOpen is regulated by the FCA (UK) and CySEC, offering similar safeguards. Neither broker is directly regulated by the ISA, but they comply with international standards. For Israeli traders, this means your funds are protected by tier-1 regulators, but you should confirm that the entity you trade with is licensed appropriately. FP Markets’ ASIC regulation is particularly robust for retail clients.

Depositing and withdrawing funds is straightforward for Israel traders at both brokers. FP Markets accepts Bank Transfer (1-2 business days) and Credit Card (instant), with no fees and a minimum deposit of $100 (approximately 370 ILS). Withdrawals are free and processed within 1-2 days via Bank Transfer. FxOpen also supports Bank Transfer and Credit Card, with a minimum deposit of $50 (185 ILS). However, FxOpen charges a small fee (1-2%) for Credit Card deposits, and withdrawals via Bank Transfer may take 2-5 business days. For Israeli traders who prefer quick and cost-free deposits, FP Markets is the better option. Both brokers support ILS accounts, but currency conversion fees may apply if depositing in USD.

Both FP Markets and FxOpen offer Islamic (swap-free) accounts for Muslim traders in Israel who need to avoid interest charges. FP Markets provides Islamic accounts on its Standard and Raw ECN accounts, with no swap fees on overnight positions. FxOpen offers Islamic accounts on its ECN and Standard accounts, but there may be a holding period limit (e.g., 10 days) on certain instruments. FP Markets’ Islamic accounts are more flexible, with no time restrictions, making them suitable for longer-term traders. Both brokers require a simple request to activate the account.

Customer support is available 24/5 for both brokers, with English and Hebrew options. FP Markets offers live chat, email, and phone support, with faster response times (under 30 seconds on chat). FxOpen provides similar channels but has slightly longer wait times. For Israeli traders who need assistance in Hebrew, FP Markets has dedicated support staff, while FxOpen’s Hebrew support may be limited to email. Both brokers have comprehensive FAQ sections covering deposit, withdrawal, and trading issues.