FP Markets vs FXTM 2026: Norway Trader Comparison

For Norway traders, trading costs are a critical factor. FP Markets offers raw spreads from 0.0 pips on its Raw account, with a commission of $3 per lot per side. FXTM's spreads start from 0.1 pips on its Advantage account, with a similar commission structure. For a Norway trader executing 100 lots per month, FP Markets can save approximately $200 in spread costs compared to FXTM. FP Markets also has lower overnight swap rates, which benefits long-term position traders. Both brokers offer competitive pricing, but FP Markets edges ahead for cost-conscious traders in Norway.

FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader, giving Norway traders flexibility across desktop, web, and mobile. cTrader is particularly popular for its advanced charting and fast execution. FXTM offers MT4, MT5, and its proprietary FXTM Trader app, which is intuitive for beginners. For Norway traders who value algorithmic trading, FP Markets' support for cTrader and MQL5 signals is a plus. FXTM's platforms are more educational-focused, making them suitable for novices. Both brokers offer demo accounts to test platforms before trading.

FP Markets boasts ultra-fast execution with no requotes, thanks to its Equinix NY4 data center and ECN/STP model. Average execution speed is under 40ms, ideal for scalpers and high-frequency traders in Norway. FXTM also offers fast execution with an STP model, but may experience slippage during volatile markets. FP Markets' raw spreads and low latency make it the better choice for Norway traders prioritizing execution quality.

Both FP Markets and FXTM are regulated by the local financial regulator, providing Norway traders with a secure trading environment. This regulation ensures client fund segregation, negative balance protection, and adherence to Norwegian financial standards. FP Markets also holds licenses from ASIC and CySEC, while FXTM is regulated by FCA, CySEC, and FSCA. For Norway traders, the local regulator oversight means both brokers must comply with strict reporting and transparency requirements. This regulatory framework offers peace of mind for retail traders in Norway.

Norway traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both FP Markets and FXTM. Bank Transfers are suitable for large deposits, typically taking 1-3 business days to clear. Skrill and Neteller offer instant deposits and withdrawals with low fees, ideal for active traders. USDT TRC20 provides a fast, low-cost option for crypto users, with transactions processed within minutes. FP Markets has no deposit fees, while FXTM charges a small fee for some e-wallet withdrawals. Both brokers support multiple currencies, including USD, which is the base currency for this comparison. Norway traders should note that withdrawals to Bank Transfer may take 1-2 business days, while e-wallets are instant.

Both FP Markets and FXTM offer Islamic (swap-free) accounts for Norway Muslim traders who require Sharia-compliant trading. These accounts eliminate swap or rollover interest on overnight positions, allowing traders to hold positions without incurring interest charges. FP Markets provides Islamic accounts upon request, with no additional fees. FXTM offers swap-free accounts automatically for eligible clients, but may charge a small administrative fee after a holding period. Norway traders should check with each broker for specific terms, as conditions may vary. Both brokers support forex, indices, and commodity trading on Islamic accounts.

FP Markets offers 24/7 customer support via live chat, email, and phone, with Norwegian-language support available during business hours. FXTM provides support in multiple languages, including Norwegian, through live chat and email. Both brokers have responsive teams, but FP Markets' 24/7 availability gives it an edge for Norway traders who trade across different time zones. FXTM's support is slightly slower during weekends, but still reliable.