Interactive Brokers vs FP Markets

Interactive Brokers vs FP Markets Comparison Table 2023
Interactive Brokers FP Markets
4.3

Interactive Brokers is #12 in our CFD broker rankings.

4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.

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
"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
  • 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
  • MT4, MT5 and IRESS trading platforms
  • One of the fullest asset lists on the market
  • Bespoke copy trading platform
  • High leverage up to 1:500
Cons
  • $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
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$10000 $100
Payment Methods
Minimum Trade
$100 0.01 lots
Regulator
SEC, FCA, IIROC, SFC ASIC, CySEC, ESMA
Margin Trading
Yes No
Margin Rate
1.55 - 2.59%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
Yes No
OmniTrader
Yes No
TradingView
No No
Autochartist
No Yes
eSignal
Yes No
Trading Central
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
Yes Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes 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 and Windows Yes
Auto Trading
Yes
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
No 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 0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
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
1:50 1:500 (Global), (1:30 UK)
FTSE Spread
0.005% (£1 Min) 1.64
GBPUSD Spread
Commission (.20 pts x trade value) 1.9 average
Oil Spread
N/A 0.04
Stocks Spread
From 0.003 per share, variable Variable
Forex Trading
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
Commission (.20 pts x trade value) 1.9 average
EURUSD Spread
Commission (.20 pts x trade value) 1.1 average
EURGBP Spread
Commission (.20 pts x trade value) 1.7 average
Assets
70+ 60+
Currency Indices
  • USD
Cryptocurrency
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
Floating
Coins
  • BTC
  • LTC
  • ETH
  • 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
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