ForexChief vs FP Markets

ForexChief vs FP Markets Comparison Table 2023
ForexChief FP Markets
WINNER
ForexChief is the better broker
3.3
United States Flag Traders from US accepted
Not Yet Rated
United States Flag Traders from US not accepted
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms. FP Markets is a multi-asset broker offering a choice of trading platforms.
Awards
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Bonus
$100 no deposit
Instruments
Stocks, CFD, Forex, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
VFSC ASIC, CySEC, ESMA
Margin Trading
Yes No
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Yes Yes
Copy Trading
Yes Yes
Copy Trading Platform
FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. Trade thousands of CFDs across a range of markets with high leverage.
Leverage
1:1,000 1:500 (Global), (1:30 UK)
FTSE Spread
80 1.64
GBPUSD Spread<
0.9 1.9 average
Oil Spread
12 0.04
Stocks Spread
50 Variable
Forex Trading
ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5. Trade on dozens of forex pairs with low spreads.
GBPUSD Spread
0.9 1.9 average
EURUSD Spread
0.4 1.1 average
EURGBP Spread
0.9 1.7 average
Assets
40 60+
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. Trade a handful of leading cryptocurrency coins against the US Dollar.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • XRP
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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