TMS Brokers vs FP Markets

TMS Brokers vs FP Markets Comparison Table 2024
TMS Brokers FP Markets
2.8
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

TMS Brokers is a leading European brokerage that offers affordable leveraged trading on forex, indices, stocks, ETFs, commodities and crypto through the popular MetaTrader 5 as well as a proprietary platform. The award-winning brand has over 20 years in the financial markets with modern trading tools and rich market analysis.

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
"TMS Brokers is a good pick for investors seeking commission-free trading, especially on a wide selection of stocks. The rich education center and zero minimum deposit will appeal to newer traders, in particular." "We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
  • Regulated by Poland's KNF and a member of the Polish Compensation Scheme
  • Choice of MetaTrader 5 or proprietary platform
  • Transparent fees with spreads from 1 pip
  • Pro account with perks
  • Demo account available
  • Award-winning brand
  • 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
  • Financial education tools are very limited for English speaking customers
  • Connect Professional account fees and rates are not as transparent
  • Weak support for non-Polish speakers
  • Average investment offering
  • Low leverage of 1:20
  • $55 subscription fee on IRESS accounts
  • Withdrawal fees for some payment types
  • Does not accept US customers
Awards
  • Best FX Broker 2020 - Invest Cuffs
  • Forecast Accuracy Ranking Q1 2019 - Bloomberg
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Trading Platforms
  • MT5
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
Polish Financial Supervision Authority (KNF) 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
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
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on a wide range of markets including stocks, indices, commodities and ETFs with variable spreads. The mobile app is reliable and the MT5 platform is an excellent option for active, multi-asset traders. 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
1:20 1:30 (UK), 1:500 (Global)
FTSE Spread
2.5 1.64
GBPUSD Spread
1.3 1.9 average
Oil Spread
0.04 0.04
Stocks Spread
Variable Variable
Forex Trading
42 forex pairs can be traded with a maximum 1:20 leverage. Traders benefit from zero-commission trading and average spreads starting from 1 pip, which are reasonable though not the lowest we have seen. 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
1.3 1.9
EURUSD Spread
1.0 1.1
EURGBP Spread
1.0 1.7
Assets
42 60+
Currency Indices
  • USD
Cryptocurrency
18 cryptocurrency CFDs are available, including Bitcoin, Ethereum and various altcoins, with maximum 1:2 leverage. On the negative side, the selection of digital currencies is limited vs alternatives we have tested. 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 Floating
Coins
  • BTC
  • 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
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