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Our top alternative brokers to FP Markets
AvaTrade
4.5
Open account
72% of retail CFD accounts lose money
ATFX
4.4
Open account
73.40% of retail CFD accounts lose money
Our top alternative brokers to FP Markets
AvaTrade
4.5
Open account
72% of retail CFD accounts lose money
ATFX
4.4
Open account
73.40% of retail CFD accounts lose money
FP Markets Alternatives

The best alternatives to FP Markets are

  1. AvaTrade - Global CFD and forex broker
  2. ATFX - Global CFD and forex broker
  3. HYCM - Global CFD and forex broker
  4. FxPro - 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 AvaTrade ATFX HYCM FxPro
Overall score 4.4 4.5 4.4 4.3 4.2
Fees score 4.2 stars 3.4 stars 4.3 stars 4.1 stars 3.4 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 4.5 stars 4.5 stars 4.5 stars 4.5 stars
Web platform score 2.8 stars 3.8 stars 2.8 stars 2.8 stars 2.8 stars
Markets and products score 2.0 stars 2.0 stars 1.5 stars 2.0 stars 1.5 stars
Open account
74-89% of retail CFD accounts lose money
Open account
72% of retail CFD accounts lose money
Open account
73.40% of retail CFD accounts lose money
Open account
71% of retail CFD accounts lose money
Open account
76.14% 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
  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
  • ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
  • HYCM is recommended for forex and cfd traders who prefer the metatrader platform
  • FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform

Important factors of finding FP Markets alternatives

So far BrokerChooser has reviewed 81 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
FP Markets

FP Markets was founded in 2005 and it is an Australian CFD and forex broker. 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. 74-89% 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

Open account
74-89% of retail CFD accounts lose money

Fees
4.2

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 AvaTrade ATFX HYCM FxPro
S&P 500 index CFD fee $0.0 $1.1 $2.1 $1.0 $2.7
Europe 50 index CFD fee $1.7 $0.8 $1.7 $0.9 $2.6
EURUSD benchmark fee $5.7 $10.3 $7.2 $7.1 $8.8
GBPUSD benchmark fee $5.2 $9.2 $5.1 $8.2 $7.6

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

Open account More
74-89% of retail CFD accounts lose money

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 AvaTrade ATFX HYCM FxPro
Minimum deposit $100 $100 $500 $100 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about FP Markets minimum deposit here.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.7

FP Markets offers a wide range of deposit and withdrawal options, but it charges a withdrawal fee for some of the options.
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 AvaTrade ATFX HYCM FxPro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes Yes Yes
Electronic wallets Yes Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More
74-89% of retail CFD accounts lose money

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 AvaTrade ATFX HYCM FxPro
Web platform score 2.8 stars 3.8 stars 2.8 stars 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 4.7 stars 3.8 stars 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

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

Open account
74-89% of retail CFD accounts lose money

Markets and products
2.0

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 AvaTrade ATFX HYCM FxPro
Stock Yes No No No No
ETF No No No No 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 Yes Yes Yes No

Open account More
74-89% of retail CFD accounts lose money

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 their 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 4.2 stars
Recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms

Open account More
74-89% 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

Open account
72% of retail CFD accounts lose money

Fees
3.4

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 $9.0 $32.9
Vodafone benchmark fee $6.0 $27.6
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

Open account More
72% 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.

Open account More
72% 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

Open account More
72% 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.

Open account
72% 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

Open account More
72% 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 3.4 stars
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Open account More
72% of retail CFD accounts lose money

FP Markets alternatives
ATFX

ATFX has taken the decision to cease providing services to elective professional and retail clients with immediate effect. It is therefore unable to accept any applications. Services to per se professional clients (e.g. financial institutions) will not be impacted. As you cannot open an account at ATFX anymore try our broker finder tool to discover the broker most suitable to your needs or check the lists of the best CFD or forex brokers in 2021.

ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.40% 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 the metatrader 4 trading platform

Pros Cons
Low forex fees Limited product portfolio
Fast and easy account opening Slow email support
Free deposit and withdrawal options No fundamental data

Open account
73.40% of retail CFD accounts lose money

Fees
4.3

ATFX has low forex fees, as well as no inactivity and withdrawal fees.
Pros Cons
Low forex fees None
No withdrawal fee
No inactivity fee
FP Markets vs. ATFX: Trading fees
ATFX FP Markets
Apple benchmark fee $8.3 $32.9
Vodafone benchmark fee - $27.6
EURUSD benchmark fee $7.2 $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

Open account More
73.40% of retail CFD accounts lose money

Account opening
5.0

ATFX has a user-friendly and fully digital account opening process, usually taking no more than a day. On the flip side, the minimum deposit is high for non-Standard accounts.
Pros Cons
Fast High minimum deposit for accounts other than 'Standard'
Fully digital
User-friendly
FP Markets vs. ATFX: Minimum deposit, time to open an account
ATFX FP Markets
Minimum deposit $500 $100
Time to open account 1 day 1 day

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

Open account More
73.40% of retail CFD accounts lose money

Deposit and withdrawal
4.5

ATFX offers free and fast deposit and withdrawal. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets.
Pros Cons
Credit/Debit card available A limited number of available base currencies
Free withdrawal
No deposit fee
FP Markets vs. ATFX: Withdrawal options
ATFX FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
73.40% of retail CFD accounts lose money

Web trading platform
2.8

The ATFX web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report, but 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 ATFX, a FP Markets alternative
FP Markets vs. ATFX: Trading platform scores
ATFX 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 ATFX's web trading platform in the detailed ATFX review.

Open account
73.40% of retail CFD accounts lose money

Markets and products
1.5

ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
FP Markets vs. ATFX: Markets and products
ATFX 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

Open account More
73.40% of retail CFD accounts lose money

Verdict

ATFX is regulated by several financial authorities globally, including the top-tier FCA.

On the plus side, ATFX has low forex fees. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge.

ATFX  has some drawbacks, though. The product range is limited to FX, CFDs, and cryptos. Email support can be slow, and fundamental data research is missing.

As trading fees are low and you can use a demo account, feel free to try ATFX.

ATFX
Summary ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus.
Fees score 4.3 stars
Recommended for Forex and CFD traders familiar with the MetaTrader 4 trading platform

Open account More
73.40% of retail CFD accounts lose money

FP Markets alternatives
HYCM

HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HYCM's UK operation is considered safe because it has a long track record and 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. 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 who prefer the metatrader platform

Pros Cons
Low forex and CFD fees Only forex and CFD products
Great educational content Trading platforms have outdated design
User-friendly account opening Inactivity fee

Open account
71% of retail CFD accounts lose money

Fees
4.1

HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
Pros Cons
Low forex fees Inactivity fee
Low CFD fees
FP Markets vs. HYCM: Trading fees
HYCM FP Markets
Apple benchmark fee $4.7 $32.9
Vodafone benchmark fee - $27.6
EURUSD benchmark fee $7.1 $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

Open account More
71% of retail CFD accounts lose money

Account opening
5.0

The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. HYCM: Minimum deposit, time to open an account
HYCM FP Markets
Minimum deposit $100 $100
Time to open account 1 day 1 day

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

Open account More
71% of retail CFD accounts lose money

Deposit and withdrawal
4.5

HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
Pros Cons
Credit/Debit card available Average account currency selection
Free withdrawal
No deposit fee
FP Markets vs. HYCM: Withdrawal options
HYCM FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
71% of retail CFD accounts lose money

Web trading platform
2.8

HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its 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 HYCM, a FP Markets alternative
FP Markets vs. HYCM: Trading platform scores
HYCM 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 HYCM's web trading platform in the detailed HYCM review.

Open account
71% of retail CFD accounts lose money

Markets and products
2.0

At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
FP Markets vs. HYCM: Markets and products
HYCM 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

Open account More
71% of retail CFD accounts lose money

Verdict

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.

On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.

On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.

We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

HYCM
Summary HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Fees score 4.1 stars
Recommended for Forex and CFD traders who prefer the MetaTrader platform

Open account More
71% of retail CFD accounts lose money

FP Markets alternatives
FxPro

FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).

FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.14% 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 a broker with great account opening and familiar with metatrader platform

Pros Cons
Superb account opening process Only CFDs and forex
Great customer service High trading fees for some stock CFDs
Free deposit and withdrawal Inactivity fee

Open account
76.14% of retail CFD accounts lose money

Fees
3.4

FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
Pros Cons
No withdrawal fee Inactivity fee
Low financing rate High stock CFD fees
FP Markets vs. FxPro: Trading fees
FxPro FP Markets
Apple benchmark fee $11.5 $32.9
Vodafone benchmark fee $33.8 $27.6
EURUSD benchmark fee $8.8 $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

Open account More
76.14% of retail CFD accounts lose money

Account opening
5.0

FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. FxPro: Minimum deposit, time to open an account
FxPro FP Markets
Minimum deposit $100 $100
Time to open account 1 day 1 day

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

Open account More
76.14% of retail CFD accounts lose money

Deposit and withdrawal
4.5

FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
FP Markets vs. FxPro: Withdrawal options
FxPro FP Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
76.14% of retail CFD accounts lose money

Web trading platform
2.8

FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks 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 FxPro, a FP Markets alternative
FP Markets vs. FxPro: Trading platform scores
FxPro 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 FxPro's web trading platform in the detailed FxPro review.

Open account
76.14% of retail CFD accounts lose money

Markets and products
1.5

At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.
FP Markets vs. FxPro: Markets and products
FxPro 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 No Yes

Open account More
76.14% of retail CFD accounts lose money

Verdict

FxPro is regulated by several authorities globally, including the top-tier FCA.

On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported. 

FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after six months of inactivity. 

We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.

FxPro
Summary FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA.
Fees score 3.4 stars
Recommended for Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform

Open account More
76.14% of retail CFD accounts lose money

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
AvaTrade Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms
ATFX Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader 4 trading platform
HYCM Global CFD and forex broker Forex and CFD traders who prefer the MetaTrader platform
FxPro Global CFD and forex broker Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform

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

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Open account
74-89% of retail CFD accounts lose money
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72% of retail CFD accounts lose money
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73.40% of retail CFD accounts lose money
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71% of retail CFD accounts lose money
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76.14% of retail CFD accounts lose money
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