Compare Barclays vs FP Markets


Online brokers compared for fees, trading platforms, safety and more. See how Barclays stacks up against FP Markets!

Barclays vs FP Markets
overall rating
4.3
4.4
overall pros
  • Low fees
  • Solid company background
  • Great fundamental research
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
overall cons
  • Limited to UK products
  • Current bank account is needed for mobile platform
  • Slow customer support
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
fees
4.3
  • Low stock, ETF, fund, and bond fees
  • No withdrawal fee
  • No inactivity fee
  • Volume-based monthly customer fee
4.2
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
account opening
3.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Account opening only for UK residents
5.0
  • Fast
  • Fully digital
  • No minimum deposit for forex accounts
  • High minimum account balance for CFD and stock account types
deposit and withdrawal
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Missing electronic wallets
4.7
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
  • Client portal logged us off multiple times
web trading platform
3.4
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Outdated design
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
markets and products
1.4
  • Stock
  • ETF
  • Fund
  • Bond
2.0
  • Forex
  • CFD
  • Crypto
  • Stocks traded on the Australian Securities Exchange
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
2.8
  • Trading ideas
  • User-friendly
customer service
2.5
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
3.5
  • Live chat
  • Fast response time
  • Great email support
  • No 24/7 support
education
1.5
  • Educational videos
  • Quality educational articles
  • No demo account
  • No trading platform tutorial videos
  • No webinars
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
  • Negative balance protection under CySEC
  • €20,000 investor protection under CySEC
  • Does not hold a banking license
  • No negative balance protection under ASIC
  • No investor protection under ASIC
recommended for Long-term investors looking for a broker with low fees and solid background Forex and CFD traders familiar with MetaTrader and IRESS trading platforms
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