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74-89% of retail CFD accounts lose money
Our top picks for FP Markets alternatives
XM
4.4
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69.10% of retail CFD accounts lose money
XTB
4.6
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75% of retail CFD accounts lose money
FP Markets Alternatives

The best alternatives to FP Markets are

  1. XM - Global CFD and forex broker
  2. XTB - Global CFD and forex broker
  3. ETX Capital - 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 XM XTB ETX Capital AvaTrade
Overall score 4.3 4.4 4.6 4.3 4.1
Fees score 4.0 4.0 4.0 3.0 3.0
Account opening score 5.0 5.0 5.0 5.0 5.0
Deposit and withdrawal score 5.0 5.0 5.0 5.0 5.0
Web platform score 3.0 3.0 4.0 4.0 3.0
Markets and products score 2.0 3.0 3.0 2.0 2.0
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74-89% of retail CFD accounts lose money
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69.10% of retail CFD accounts lose money
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75% of retail CFD accounts lose money
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78% of retail CFD accounts lose money
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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
  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • ETX Capital is recommended for forex and cfd traders looking for great funding and withdrawal options and an easy-to-use platform
  • 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 57 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's regulated by the Australian Securities and Investments Commission (ASIC).

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

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 deposit and withdrawal No investor and negative balance protection

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74-89% of retail CFD accounts lose money

Fees
4.0

FP Markets has low forex fees 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 XM XTB ETX Capital AvaTrade
S&P 500 index CFD fee $0.8 $2.4 $2.0 $2.2 $0.9
Europe 50 index CFD fee $1.9 $2.4 $2.2 $2.1 $0.6
EURUSD benchmark fee $13.9 $17.1 $15.0 $19.5 $19.2
GBPUSD benchmark fee $12.4 $13.8 $11.1 $16.1 $15.7

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

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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 reuquire at least a $1,000 balance.
Pros Cons
Fast High minimum account balance for CFD and stock account types
Fully digital
No minimum depsoit for forex accounts
FP Markets alternatives minimum deposit and account open times
FP Markets XM XTB ETX Capital AvaTrade
Minimum deposit $100 $5 $250 $100 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about FP Markets minimum deposit here.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal
5.0

FP Markets offers a great variety of deposit and withdrawal options, but it charges the withdrawals for some of the methods.
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 XM XTB ETX Capital AvaTrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes No Yes Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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74-89% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of FP Markets 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 XM XTB ETX Capital AvaTrade
Web platform score 3.0 3.0 4.0 4.0 3.0
Mobile platform score 4.0 4.0 4.0 5.0 4.0
Desktop platform score 3.0 3.0 4.0 3.0 3.0

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

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74-89% of retail CFD accounts lose money

Markets and products
2.0

FP Markets offers a great product selection in CFDs, forex, cryptos. Real stocks from the Australian market are available as well. Other real stocks, ETFs, mutual funds, bonds, options and futures are missing.
FP Markets and alternatives markets and products
FP Markets XM XTB ETX Capital AvaTrade
Stock Yes Yes Yes No No
ETF No No Yes 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 Yes

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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 is fast and you'll find high-quality educational tools, too.

On the negative side, the stock CFD fees are high and their product portfolio is limited, as it covers only CFD, forex and stocks from the Australian Securities Exchange ASX. Unfortunately, neither investor protection nor negative balance protection is provided at FP Markets.

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 4.0
Recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms

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74-89% of retail CFD accounts lose money

FP Markets alternatives
XM

Trading Point Holding, XM's parent company, was founded in 2009 and it is a global CFD and FX broker. Trading Point Holding has two brands: XM and Trading.com.

XM is available globally and regulated by three financial authorities: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), International Financial Services Commission of Belize (IFSC).

Trading.com was launched in 2019 and is available only for EEA residents, except Belgian, Cypriot, Greek, and Swiss residents. Trading.com is regulated by the Financial Conduct Authority (FCA).

In this review, we focus on the XM brand.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.10% 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. Risk warnings are shown on the website but they are unclear on percentages

Recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees

Pros Cons
Low CFD and withdrawal fees Only CFDs, forex, cryptos for Europeans
Easy and fast account opening Average forex fees
Great educational tools Inactivity fee

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69.10% of retail CFD accounts lose money

Fees
4.0

XM has low trading fees for CFD's and no withdrawal fee. On the other hand, the forex fees are average and there is a fee for inactivity.
Pros Cons
Low CFD fees Inactivity fee
No withdrawal fee Average FX fees
FP Markets vs. XM: Trading fees
XM FP Markets
Apple benchmark fee $3.4 $32.0
Vodafone benchmark fee $5.6 $25.7
EURUSD benchmark fee $17.1 $13.9

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

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69.10% of retail CFD accounts lose money

Account opening
5.0

XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. XM: Minimum deposit, time to open an account
XM FP Markets
Minimum deposit $5 $100
Time to open account 1 day 1 day

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

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69.10% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XM's deposit and withdrawal are fast, can be done in several forms, and are cost-friendly.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Free wire withdrawal for more than $200 withdrawals
FP Markets vs. XM: Withdrawal options
XM FP Markets
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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69.10% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of XM is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.
Pros Cons
Clear fee report No price alerts
Good customizability (for charts, workspace) Outdated design
Web trading platform of XM, a FP Markets alternative
FP Markets vs. XM: Trading platform scores
XM FP Markets
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

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

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69.10% of retail CFD accounts lose money

Markets and products
3.0

At XM, you can trade with CFDs, forex, and cryptos. Non-European clients can also trade with some real stocks. There are no ETFs, mutual funds, bonds, options, and futures.
FP Markets vs. XM: Markets and products
XM 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

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69.10% of retail CFD accounts lose money

Verdict

XM is regulated by more authorities globally, including the top-tier ASIC.

On the plus side, we liked the low CFD and withdrawal fees. The account opening is seamless and hassle-free. There is a wide range of educational tools in great quality.

XM has some drawbacks though. Its product range is limited to FX, CFDs, cryptos. Stocks only for non-Europeans. Its forex fees are average. Lastly, a monthly $5 fee is charged after three months of inactivity. 

We recommend XM for clients who prefer CFD and forex trading and are looking for MetaTrader trading platforms. Feel free to test it via the demo account.

XM
Summary XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Fees score 4.0
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees

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69.10% of retail CFD accounts lose money

FP Markets alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

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75% of retail CFD accounts lose money

Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
FP Markets vs. XTB: Trading fees
XTB FP Markets
Apple benchmark fee $17.9 $32.0
Vodafone benchmark fee $20.9 $25.7
EURUSD benchmark fee $15.0 $13.9

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

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75% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. XTB: Minimum deposit, time to open an account
XTB FP Markets
Minimum deposit $250 $100
Time to open account 1 day 1 day

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

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75% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
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

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75% of retail CFD accounts lose money

Web trading platform
4.0

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a 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 4.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 4.0 3.0

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

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75% of retail CFD accounts lose money

Markets and products
3.0

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and 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

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75% 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, and it is listed on the Warsaw Stock Exchange. 

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

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a 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 and Poland's KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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75% of retail CFD accounts lose money

FP Markets alternatives
ETX Capital

ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd was established in 1965 and is regulated by the Financial Conduct Authority (FCA) making it safe to invest your money with.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 great funding and withdrawal options and an easy-to-use platform

Pros Cons
Free and multiple deposit and withdrawal options High trading fees
Easy and fast account opening Only CFDs, forex, and crypto offered
Great educational tools Basic research tools

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78% of retail CFD accounts lose money

Fees
3.0

ETX Capital has high trading fees and financing rates. The non-trading fees are average. On the plus side, there are no withdrawal fees.
Pros Cons
No withdrawal fee High forex fees
High financing rate
FP Markets vs. ETX Capital: Trading fees
ETX Capital FP Markets
Apple benchmark fee $32.0 $32.0
Vodafone benchmark fee $25.9 $25.7
EURUSD benchmark fee $19.5 $13.9

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

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78% of retail CFD accounts lose money

Account opening
5.0

ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FP Markets vs. ETX Capital: Minimum deposit, time to open an account
ETX Capital FP Markets
Minimum deposit $100 $100
Time to open account 1 day 1 day

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

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78% of retail CFD accounts lose money

Deposit and withdrawal
5.0

ETX Capital's deposit and withdrawal are free, the processes are fast, and can be done in several methods.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
FP Markets vs. ETX Capital: Withdrawal options
ETX Capital FP Markets
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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78% of retail CFD accounts lose money

Web trading platform
4.0

ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks two-step login and a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good customizability (for charts, workspace)
Web trading platform of ETX Capital, a FP Markets alternative
FP Markets vs. ETX Capital: Trading platform scores
ETX Capital FP Markets
Web platform score 4.0 3.0
Mobile platform score 5.0 4.0
Desktop platform score 3.0 3.0

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

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78% of retail CFD accounts lose money

Markets and products
2.0

At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
FP Markets vs. ETX Capital: Markets and products
ETX Capital 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

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78% of retail CFD accounts lose money

Verdict

ETX Capital is regulated by the top-tier FCA.

On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

ETX Capital has some drawbacks though. The trading fees are quite high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited. 

As there is only a small minimum deposit, there are 5 free withdrawals, and inactivity fee only kicks in after three months, feel free to try ETX Capital.

ETX Capital
Summary ETX Capital is a global forex and CFD broker regulated by the UK FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange.
Fees score 3.0
Recommended for Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

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78% of retail CFD accounts lose money

FP Markets alternatives
AvaTrade

AvaTrade is a global CFD and FX 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 and multiple deposit and withdrawal options Limited research tools
Great education tools Phone support is not responsive

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71% of retail CFD accounts lose money

Fees
3.0

AvaTrade has average trading fees and average non-trading fees. Withdrawal is free of charge but there is an inactivity fee.
Pros Cons
Low trading fees Inactivity fee
No withdrawal fee Administration fee
FP Markets vs. AvaTrade: Trading fees
AvaTrade FP Markets
Apple benchmark fee $4.1 $32.0
Vodafone benchmark fee $6.1 $25.7
EURUSD benchmark fee $19.2 $13.9

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.

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71% of retail CFD accounts lose money

Deposit and withdrawal
5.0

AvaTrade deposit and withdrawal are free and can be done by using several methods. On the flip side, the withdrawal took us more than 3 business days.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee
Credit/Debit cards, electronic wallet available
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

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71% of retail CFD accounts lose money

Web trading platform
3.0

AvaTrade's 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 negative side, it lacks a two-step login 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 AvaTrade, a FP Markets alternative
FP Markets vs. AvaTrade: Trading platform scores
AvaTrade FP Markets
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

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

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71% of retail CFD accounts lose money

Markets and products
2.0

At AvaTrade, you can trade only with forex, CFDs, ETFs, Bonds, Options and cryptos. It doesn't offer real stocks and 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

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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 and they are free of charge. The trading fees are low and the fee structure is transparent. AvaTrade's customer support is great via live chat. The education opportunities are great.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos. The research tools lack recommendations, fundamental data, and news feed.

As there is only a small minimum deposit, and inactivity fee only kicks in after three months, 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 3.0
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
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
XM Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
ETX Capital Global CFD and forex broker Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform
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.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

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.

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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