FP Markets Logo
Our top alternative brokers to FP Markets
FXTM
4.3
Visit broker
81% of retail CFD accounts lose money
Markets.com
4.4
Visit broker
70% of retail CFD accounts lose money
Our top alternative brokers to FP Markets
FXTM
4.3
Visit broker
81% of retail CFD accounts lose money
Markets.com
4.4
Visit broker
70% of retail CFD accounts lose money
FP Markets Alternatives

The best alternatives to FP Markets are

  1. FXTM - Global CFD and forex broker
  2. Markets.com - Global CFD and forex broker
  3. XTB - Global CFD and forex broker
  4. AvaTrade - Global CFD and forex broker

Let's see in a bit more detail how the FP Markets alternatives compare to FP Markets and each other:

FP Markets alternatives comparison
FP Markets FXTM Markets.com XTB AvaTrade
Overall score 4.5 4.3 4.4 4.7 4.5
Fees score 4.1 stars 3.4 stars 2.7 stars 3.8 stars 3.5 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.7 stars 3.9 stars 5.0 stars 4.5 stars 4.5 stars
Web platform score 2.8 stars 2.8 stars 3.8 stars 4.4 stars 3.8 stars
Markets and products score 2.3 stars 2.5 stars 2.9 stars 2.8 stars 2.0 stars
Visit broker
81% of retail CFD accounts lose money
Visit broker
70% of retail CFD accounts lose money
Visit broker
77% of retail CFD accounts lose money
Visit broker
71% of retail CFD accounts lose money

Why are these brokers considered good alternatives to FP Markets? There are many areas based on which FP Markets can be compared with others. When we say a given online broker is a good alternative to FP Markets we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

FP Markets alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • FP Markets is recommended for forex and cfd traders familiar with metatrader and iress trading platforms
  • FXTM is recommended for forex traders familiar with the metatrader platform
  • Markets.com is recommended for traders looking to venture into cfd trading
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms

Important factors of finding FP Markets alternatives

So far BrokerChooser has reviewed 91 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether FP Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. FP Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost FP Markets alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At FP Markets this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at FP Markets, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given FP Markets alternative is a must.


Now let's dive into the details of how FP Markets and its alternatives perform in the most important areas!

FP Markets alternatives
FXTM

Disclaimer:  from March 2021, FXTM ends retail operations in the EEA, under CySEC regulation. Only professional clients will be able to use FXTM's services in this region.

FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

FXTM is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders familiar with the metatrader platform

Pros Cons
Superb customer service High CFD fees
Great educational tools Inactivity and withdrawal fees
Digital and fast account opening Limited product portfolio

Visit broker
81% of retail CFD accounts lose money

Fees
3.4

FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
Pros Cons
Low forex fees Withdrawal fee
Low financing rate Average CFD fees
FP Markets vs. FXTM: Trading fees
FXTM FP Markets
Apple benchmark fee $33.8 $32.5
Vodafone benchmark fee - $29.3
EURUSD benchmark fee $8.3 $5.7

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
81% of retail CFD accounts lose money

Account opening
5.0

FXTM account opening is fully digital, easy and fast. Your account will be ready within 1-2 business days. There are also a lot of account types you can choose from.
Pros Cons
Fast None
Fully digital
User-friendly
FP Markets vs. FXTM: Minimum deposit, time to open an account
FXTM FP Markets
Minimum deposit $10 $100
Time to open account 1 day 1 day

If you are interested more in FXTM minimum deposit, this overview will help you.

Visit broker More
81% of retail CFD accounts lose money

Deposit and withdrawal
3.9

FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.
Pros Cons
Credit/Debit card available Most of the withdrawal options have a fee
No deposit fee
Quick deposit and withdrawal - within 3 days
FP Markets vs. FXTM: Withdrawal options
FXTM FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $3 $0

Visit broker More
81% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of FXTM, a FP Markets alternative
FP Markets vs. FXTM: Trading platform scores
FXTM FP Markets
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about FXTM's web trading platform in the detailed FXTM review.

Visit broker
81% of retail CFD accounts lose money

Markets and products
2.5

FXTM's product selection covers forex and CFDs. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.
FP Markets vs. FXTM: Markets and products
FXTM FP Markets
Stock Yes Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

Visit broker More
81% of retail CFD accounts lose money

Verdict

FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).

On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.

FXTM has some drawbacks though: it charges high CFD fees, inactivity, and withdrawal fees, and the product range is limited.

As account opening only takes a short time, and customer support is helpful and reliable, feel free to try FXTM.

FXTM
Summary FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. It is licensed by South Africa's FSCA.
Fees score 3.4 stars
Recommended for Forex traders familiar with the MetaTrader platform

Visit broker More
81% of retail CFD accounts lose money

FP Markets alternatives
Markets.com

Markets.com is a global CFD and forex broker founded in 2008. It is regulated by several financial authorities, like the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA). 

Markets.com offers services and platforms under two brands. The Marketsi platform is for share-dealing and investing, while Marketsx is the platform used for CFD trading. In this review, we focus on Markets.com's flagship CFD trading services, using the Marketsx platform.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders looking to venture into cfd trading

Pros Cons
Free and fast deposit and withdrawal High forex fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Platforms lack important features

Visit broker
70% of retail CFD accounts lose money

Fees
2.7

Markets.com has high forex fees and average CFD fees. There is also an inactivity fee charged. As a plus, it charges no account, deposit, or withdrawal fees.
Pros Cons
No withdrawal fee High forex fees
Inactivity fee
FP Markets vs. Markets.com: Trading fees
Markets.com FP Markets
Apple benchmark fee $11.9 $32.5
Vodafone benchmark fee $31.9 $29.3
EURUSD benchmark fee $11.5 $5.7

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
70% of retail CFD accounts lose money

Account opening
5.0

Account opening at Markets.com is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. Markets.com: Minimum deposit, time to open an account
Markets.com FP Markets
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in Markets.com minimum deposit, this overview will help you.

Visit broker More
70% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Markets.com provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
FP Markets vs. Markets.com: Withdrawal options
Markets.com FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
70% of retail CFD accounts lose money

Web trading platform
3.8

Markets.com's web trading platform is easy to use, has great search function, and you can set price alerts. On the other hand, there is no two-step login and it lacks some important features, like a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Price alerts Limited customizability (for charts, workspace)
Web trading platform of Markets.com, a FP Markets alternative
FP Markets vs. Markets.com: Trading platform scores
Markets.com FP Markets
Web platform score 3.8 stars 2.8 stars
Mobile platform score 4.3 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Markets.com's web trading platform in the detailed Markets.com review.

Visit broker
70% of retail CFD accounts lose money

Markets and products
2.9

Markets.com's product portfolio covers CFDs, forex, and real stocks. On the other hand, other popular asset classes, like ETFs, options, or futures are not available.
FP Markets vs. Markets.com: Markets and products
Markets.com FP Markets
Stock Yes Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
70% of retail CFD accounts lose money

Verdict

Markets.com is a CFD broker regulated by more authorities globally, including the top-tier FCA and ASIC.

Account opening is seamless and fast, it has good research tools and great customer service and is regulated by multiple top-tier financial regulators, like the UK's FCA and ASIC in Australia.

On the other hand, forex trading fees are high and product selection covers mostly CFDs and forex. We also missed some important features on the trading platforms, like two-step authentication and price alerts on the web.

All in all, Markets.com is a good choice. As the account opening is super easy, feel free to try it.

Markets.com
Summary Markets.com is a brand of Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. Its operated by Playtech, a subsidiary that is on the London Stock Exchange.
Fees score 2.7 stars
Recommended for Traders looking to venture into CFD trading

Visit broker More
70% of retail CFD accounts lose money

FP Markets alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

Visit broker
77% of retail CFD accounts lose money

Fees
3.8

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
FP Markets vs. XTB: Trading fees
XTB FP Markets
Apple benchmark fee $17.3 $32.5
Vodafone benchmark fee $20.8 $29.3
EURUSD benchmark fee $8.5 $5.7

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
77% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
FP Markets vs. XTB: Minimum deposit, time to open an account
XTB FP Markets
Minimum deposit $0 $100
Time to open account 1 day 1 day

If you are interested more in XTB minimum deposit, this overview will help you.

Visit broker More
77% of retail CFD accounts lose money

Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
FP Markets vs. XTB: Withdrawal options
XTB FP Markets
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

Visit broker More
77% of retail CFD accounts lose money

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a FP Markets alternative
FP Markets vs. XTB: Trading platform scores
XTB FP Markets
Web platform score 4.4 stars 2.8 stars
Mobile platform score 4.4 stars 3.8 stars
Desktop platform score 4.4 stars 3.4 stars

Learn more about XTB's web trading platform in the detailed XTB review.

Visit broker
77% of retail CFD accounts lose money

Markets and products
2.8

XTB's default selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
FP Markets vs. XTB: Markets and products
XTB FP Markets
Stock Yes Yes
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
77% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.8 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker More
77% of retail CFD accounts lose money

FP Markets alternatives
AvaTrade

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

Pros Cons
Easy and fast account opening Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options High inactivity fees
Great research tools Average forex fees

Visit broker
71% of retail CFD accounts lose money

Fees
3.5

AvaTrade has low CFD and average forex fees. Withdrawals are free of charge, but inactivity fees are quite high.
Pros Cons
No withdrawal fee High inactivity fees
Low CFD fees FX trading fees are average
FP Markets vs. AvaTrade: Trading fees
AvaTrade FP Markets
Apple benchmark fee $8.5 $32.5
Vodafone benchmark fee $5.7 $29.3
EURUSD benchmark fee $10.3 $5.7

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
71% of retail CFD accounts lose money

Account opening
5.0

Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. AvaTrade: Minimum deposit, time to open an account
AvaTrade FP Markets
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in AvaTrade minimum deposit, this overview will help you.

Visit broker More
71% of retail CFD accounts lose money

Deposit and withdrawal
4.5

AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days, and debit card deposits can also be slow.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee
Credit/Debit cards, electronic wallets
FP Markets vs. AvaTrade: Withdrawal options
AvaTrade FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
71% of retail CFD accounts lose money

Web trading platform
3.8

AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited customizability (for charts, workspace)
AvaProtect order type No price alerts
Web trading platform of AvaTrade, a FP Markets alternative
FP Markets vs. AvaTrade: Trading platform scores
AvaTrade FP Markets
Web platform score 3.8 stars 2.8 stars
Mobile platform score 4.7 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.

Visit broker
71% of retail CFD accounts lose money

Markets and products
2.0

AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks, bonds or mutual funds.
FP Markets vs. AvaTrade: Markets and products
AvaTrade FP Markets
Stock No Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
71% of retail CFD accounts lose money

Verdict

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.

As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.

AvaTrade
Summary AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC.
Fees score 3.5 stars
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Visit broker More
71% of retail CFD accounts lose money

FP Markets alternatives
FP Markets

FP Markets is an Australian CFD and forex broker founded in 2005. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of St. Vincent and the Grenadines.

FP Markets is considered safe because it has a long track record and it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with metatrader and iress trading platforms

Pros Cons
Low forex fees High stock CFD fees
Easy and fast account opening Limited product portfolio
Quick deposits and withdrawals Outdated web and desktop platform

Fees
4.1

FP Markets has low forex and non-trading fees and charges no inactivity fee. On the flip side, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees High fee for international bank withdrawal
Low forex fees
FP Markets alternatives trading fees
FP Markets FXTM Markets.com XTB AvaTrade
S&P 500 index CFD fee $0.0 $2.2 $3.5 $1.5 $1.1
Europe 50 index CFD fee $1.8 $2.4 $2.0 $1.9 $0.8
EURUSD benchmark fee $5.7 $8.3 $11.5 $8.5 $10.3
GBPUSD benchmark fee $4.6 $7.0 $11.7 $5.8 $9.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Account opening
5.0

Opening an account at FP Markets is super quick and fully digital. While the minimum deposit is not high for forex, some account types require at least $1,000 balance.
Pros Cons
Fast High minimum account balance for CFD and stock account types
Fully digital
No minimum deposit for forex accounts
FP Markets alternatives minimum deposit and account open times
FP Markets FXTM Markets.com XTB AvaTrade
Minimum deposit $100 $10 $100 $0 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about FP Markets minimum deposit here.

Deposit and withdrawal
4.7

FP Markets offers a wide range of deposit and withdrawal options, but some withdrawal methods come with a fee.
Pros Cons
Credit/Debit card available Some withdrawal options are not free of charge
No deposit fee
Several account base currencies
FP Markets and alternatives withdrawal options and fees
FP Markets FXTM Markets.com XTB AvaTrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes No Yes
Electronic wallets Yes Yes Yes No Yes
Withdrawal fee $0 $3 $0 $0 $0

Web trading platform
2.8

FP Markets' web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Outdated design
FP Markets - Web trading platform
FP Markets and alternatives trading platform scores
FP Markets FXTM Markets.com XTB AvaTrade
Web platform score 2.8 stars 2.8 stars 3.8 stars 4.4 stars 3.8 stars
Mobile platform score 3.8 stars 3.8 stars 4.3 stars 4.4 stars 4.7 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 4.4 stars 3.4 stars

Learn more about FP Markets's web trading platform in the detailed FP Markets review.

Markets and products
2.3

FP Markets offers a great portfolio in CFDs, forex, and cryptos. Australian stocks are available, too. Other stocks, ETFs, mutual funds, bonds, options and futures are missing.
FP Markets and alternatives markets and products
FP Markets FXTM Markets.com XTB AvaTrade
Stock Yes Yes Yes Yes No
ETF No No No Yes No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

Verdict

FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and does not charge an inactivity fee. Both account opening and depositing are fast and you'll find high-quality educational tools, too.

On the downside, stock CFD fees are high and the product portfolio is limited, as it covers only CFDs (equities, indices, metals) and forex instruments. MT4 web and desktop trading platforms have outdated designs.

Feel free to try FP Markets as account opening is easy and there are no inactivity fees.

FP Markets
Summary FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.
Fees score 4.1 stars
Recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms

FP Markets alternatives
Bottom line

Based on our analysis, there are several good alternatives to FP Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.

FP Markets alternatives
Broker Info Recommended for
FP Markets Australian CFD and forex broker Forex and CFD traders familiar with MetaTrader and IRESS trading platforms
FXTM Global CFD and forex broker Forex traders familiar with the MetaTrader platform
Markets.com Global CFD and forex broker Traders looking to venture into CFD trading
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
AvaTrade Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

Visit broker
67.02% of retail CFD accounts lose money
Visit broker
81% of retail CFD accounts lose money
Visit broker
70% of retail CFD accounts lose money
Visit broker
77% of retail CFD accounts lose money
Visit broker
71% of retail CFD accounts lose money
×