FreshForex vs FP Markets

FreshForex vs FP Markets Comparison Table 2024
FreshForex FP Markets
2.5
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FreshForex is an established forex and CFD broker offering 270+ assets on the MT4 and MT5 platforms. This offshore broker promises rapid NDD execution and average withdrawal times of 10 minutes. There are also several account types, high leverage, and algo trading tools to suit different trading experience levels and strategies.

FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

Bonus Offer
$2020 no deposit bonus
Comment by Reviewer
"FreshForex is a good choice for algorithmic traders looking for extensive expert advisor resources or crypto traders looking for a wide variety of digital assets." "We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
  • Competitive range of account types, including ECN, Cent and Swap-Free, plus a flexible demo account for beginners
  • Wide selection of free and fast payment methods, including e-wallets, cryptocurrencies and local banks
  • A choice between MT4 and MT5, plus Huckster EA shop and VPS server access for algorithmic traders
  • Good additional trading tools on offer, including forex, CFD and stocks heatmaps
  • A range of attractive bonuses including deposit bonuses and cashback deals
  • Regulated and reputable broker with ASIC and CySEC oversight
  • Tight spreads available on both the standard and raw spread account
  • Good range of additional tools and features including educational content, Myfxbook and Autochartist
  • Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView
  • Bespoke copy trading platform
  • High leverage up to 1:500
Cons
  • Offshore and unregulated broker
  • Limited range of instruments compared to alternatives
  • US, UK, China and other countries not supported
  • Some poor user reviews
  • $55 subscription fee on IRESS accounts
  • Withdrawal fees for some payment types
  • Does not accept US customers
Awards
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA ASIC, CySEC, ESMA
Margin Trading
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No 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
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
No 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
Yes 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
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
Trade CFDs across key asset classes with high leverage up to 1:2000, more than almost every other broker we have evaluated. You can also analyze the broker's 120+ assets using the useful CFD heatmap tool. FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
1:2000 1:30 (UK), 1:500 (Global)
FTSE Spread
90 1.64
GBPUSD Spread
3 1.9 average
Oil Spread
12 0.04
Stocks Spread
Variable Variable
Forex Trading
FreshForex offers over 40 currency pairs with spreads from 2 pips for EUR/USD, which is not the most competitive vs other brands which typically offer spreads below 1 pip. FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
GBPUSD Spread
3 1.9
EURUSD Spread
2 1.1
EURGBP Spread
3 1.7
Assets
40+ 60+
Currency Indices
  • USD
Cryptocurrency
An impressive selection of over 70 crypto-fiat pairs with a competitive 0.05% commission. You can also access the market 24/7 whilst on-the-go using the broker's mobile apps. Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • ETH
  • XRP
  • LTC
  • 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
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