Compare FP Markets vs FXCM


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

FP Markets vs FXCM
overall rating
4.4
4.4
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposit and withdrawal
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
fees
3.8
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
account opening
5.0
  • Fast
  • Fully digital
  • No minimum depsoit for forex accounts
  • High minimum account balance for CFD and stock account types
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Outdated design
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
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
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
1.9
  • Forex
  • CFD
  • Crypto
  • Real stocks from the Australian market
1.6
  • Forex
  • CFD
  • Crypto
research
4.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
4.0
  • Live chat
  • Great email and phone support
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • 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
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Forex traders looking for easy account opening, funding and withdrawal
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