Compare FP Markets vs Halifax


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

FP Markets vs Halifax
overall rating
4.4
4.0
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
  • Low non-trading fees
  • Good options for deposits and withdrawals
  • Quick and easy account opening
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • High stock trading fees
  • Limited web-based platform
  • No mobile or desktop platforms
fees
4.2
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
2.2
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit for forex accounts
  • High minimum account balance for CFD and stock account types
4.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
  • Only for UK residents
deposit and withdrawal
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
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • Electronic wallets not available
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  • Outdated design
3.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No research capabilities in the portal
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
2.0
  • Forex
  • CFD
  • Crypto
  • Stocks traded on the Australian Securities Exchange
3.0
  • Stock
  • ETF
  • Fund
  • Investment Trusts
research
3.3
  • Trading ideas
  • User-friendly
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Research tools not integrated into web trading platform
customer service
3.5
  • Live chat
  • Fast response time
  • Great email support
  • No 24/7 support
3.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • No response to email
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • 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
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Beginners and long-term investors
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