FP Markets vs FxOpen: Norway Trader Comparison 2026

For Norway traders, trading costs are a critical factor. FP Markets offers spreads from 0.0 pips on its Raw account with a $3 commission per lot, while FxOpen’s ECN account has spreads from 0.1 pips with a similar commission. Over 100 lots per month, FP Markets can save Norway traders up to $50 in spread costs. FxOpen’s Standard account has no commission but wider spreads, which may suit lower-volume traders. FP Markets’ lower overall cost structure makes it more attractive for active Norway traders.

FP Markets provides MetaTrader 4, MetaTrader 5, and IRESS, catering to both manual and algorithmic traders. Norway traders appreciate the advanced charting tools and fast order execution. FxOpen offers MT4, MT5, and its proprietary TickTrader platform, which is strong for forex and CFDs. Both platforms are available in Norwegian language, but FP Markets’ additional IRESS platform gives it an edge for serious traders seeking depth of market and advanced analysis.

FP Markets provides ultra-fast execution with an average speed of 40ms on its Raw account, ideal for Norway scalpers and day traders. FxOpen’s ECN execution averages 80ms, still good but slightly slower. FP Markets’ lower latency and no requotes give it a clear edge for high-frequency trading.

Both FP Markets and FxOpen are regulated by the local financial regulator, ensuring client fund segregation and adherence to strict financial standards. This provides Norway traders with peace of mind regarding fund safety and fair trading practices. FP Markets also holds licenses from ASIC and CySEC, while FxOpen is regulated by FCA and CySEC. The local regulatory oversight means both brokers comply with Norwegian anti-money laundering laws and offer negative balance protection.

Norway traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both FP Markets and FxOpen. FP Markets processes deposits within 1 hour for e-wallets and 1-2 business days for bank transfers, with no fees. FxOpen offers similar timelines but also supports WebMoney and Perfect Money. Withdrawals are processed within 24 hours for e-wallets and 2-5 days for bank transfers. Both brokers accept NOK via Bank Transfer, though conversion fees may apply. USDT TRC20 deposits are instant and free, making them a popular choice for crypto-savvy Norway traders.

Both FP Markets and FxOpen offer Islamic (swap-free) accounts for Norway traders who require Sharia-compliant trading. FP Markets provides Islamic accounts on all account types, including Raw and Standard, with no swap charges on overnight positions. FxOpen offers Islamic accounts on Standard and ECN accounts, but with a holding period limit of 10 days for certain instruments. FP Markets’ more flexible policy makes it a better choice for long-term Muslim traders in Norway.

FP Markets offers 24/7 customer support via live chat, email, and phone, with Norwegian language support available. FxOpen provides 24/5 support with live chat and email, but no dedicated Norwegian team. FP Markets’ round-the-clock support is more convenient for Norway traders who trade during local hours.