FXCM vs FP Markets
| FXCM | FP Markets |
|---|---|
3.5
|
4
|
 Traders from US not accepted |
Traders from US not accepted |
|
FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa. |
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. |
| Comment by Reviewer | |
| "FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets." | "We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Stocks, Spreadbetting, CFD, Forex, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| £300 | $100 |
| Payment Methods | |
| Minimum Trade | |
| Varies by asset | 0.01 lots |
| Regulator | |
| FCA, CySEC, ASIC. | ASIC, CySEC, ESMA |
| Margin Trading | |
| Yes | No |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | Yes |
| eSignal | |
| Yes | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| Yes | 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 | |
| Yes | Yes |
| Market Maker | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS and Android | Yes |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system. |
| Social Trading | |
| Yes | 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 | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions. | 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 | |
| 1:30 | 1:500 (Global), (1:30 UK) |
| FTSE Spread | |
| 1.18 pts var* | 1.64 |
| GBPUSD Spread | |
| 0.5 pips* | 1.9 average |
| Oil Spread | |
| 0.05 (var)* | 0.04 |
| Stocks Spread | |
| 0.2% Var* | Variable |
| Forex Trading | |
| Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms. | 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 | |
| 0.5 pips var* | 1.9 average |
| EURUSD Spread | |
| 0.2 pips var* | 1.1 average |
| EURGBP Spread | |
| 0.5 pips var* | 1.7 average |
| Assets | |
| 40 | 60+ |
| Currency Indices | |
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| Cryptocurrency | |
| Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. | 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 | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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FXCM vs |
FP Markets vs |