Vantage vs FP Markets: fees, cashback and which to choose
Vantage is a regulated multi-asset broker with a strong LATAM presence; FP Markets is an Australian ECN broker with some of the tightest spreads. We compare them on fees, available cashback and which trader profile each suits — plus how to recover part of your fees on both.
Quick comparison
| Vantage | FP Markets | |
|---|---|---|
| Cashback | 27% | 26% |
| Applies to | of spreads and commissions | of spreads and commissions |
| Countries | 5+ | 5+ |
| Best for | multi-asset traders who want tight spreads and MT4/MT5 | forex and CFD traders who prioritize low cost and platform variety |
Fees
Vantage. ECN-style spreads from 0.0 pips plus commission on Raw accounts; forex, indices, commodities and CFDs.
FP Markets. ECN spreads from 0.0 pips plus per-lot commission; MT4/MT5, cTrader and IRESS support.
Available cashback
Vantage offers more cashback (27%) than FP Markets (26%), so you recover a larger share of every fee you pay. The gap matters most if you trade with volume.
Work out how much you'd recover for your volume with the cashback calculator.
Pros and cons
Pros
- Tight Raw spreads
- Multi-asset offering (forex, indices, commodities)
- MT4/MT5 and copy trading support
- 27% cashback via Omanero
Cons
- No crypto-native focus
- Conditions vary by regulating entity
Pros
- Among the lowest ECN spreads
- Wide platform variety (cTrader, IRESS)
- Long track record and regulation
- 26% cashback via Omanero
Cons
- Inactivity fees
- Less educational material than XM
Best for each profile
Choose Vantage if you're multi-asset traders who want tight spreads and MT4/MT5. Choose FP Markets if you're forex and CFD traders who prioritize low cost and platform variety.
Verdict
If your priority is recovering the most fees, Vantage leads with 27% cashback. If you value FP Markets's profile more, you still recover fees at 26%. Best of all: you don't have to choose — use both and earn cashback on each.
Recover fees on Vantage and FP Markets with verifiable payments.