Interactive Brokers vs FP Markets

Interactive Brokers vs FP Markets Comparison Table 2023
Interactive Brokers	FP Markets
Review 4.3 Interactive Brokers is #12 in our CFD broker rankings.	Review 4
Traders from US accepted	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
ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer	BPAY Credit Card Dragonpay FasaPay Finrax Mastercard MoneyGram Neteller PayPal Paytrust Perfect Money POLi Skrill Visa Wire Transfer
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
Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange
Commodities
Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc	Aluminium Copper Corn Gold Iron Natural Gas Oil Palladium Platinum Silver Soybeans Steel Wheat
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

Review	Review
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