Compare CMC Markets vs FP Markets


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

CMC Markets vs FP Markets
overall rating
4.6
4.4
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Low forex fees
  • Easy and fast account opening
  • Quick deposit and withdrawal
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
fees
4.2
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
3.8
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Complicated account verification
5.0
  • Fast
  • Fully digital
  • No minimum depsoit for forex accounts
  • High minimum account balance for CFD and stock account types
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
web trading platform
4.4
  • Clear fee report
  • Good search function
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
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  • Outdated design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
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
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
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
markets and products
2.2
  • Forex
  • CFD
  • Crypto
1.9
  • Forex
  • CFD
  • Crypto
  • Real stocks from the Australian market
research
4.6
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
4.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Live chat
  • Great email and phone support
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.0
  • Demo account
  • Trading platform tutorial
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
  • 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 Forex and CFD traders looking for an advanced trading platform with many research tools Forex and CFD traders familiar with MetaTrader and IRESS trading platforms
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