Online brokers compared for fees, trading platforms, safety and more. See how FP Markets stacks up against Interactive Brokers!
Last update of data—Dec 2022
FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms.
Recommended for traders looking for broad market access and a professional trading environment.
FP Markets
FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.
Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
FP Markets's service is slightly weaker than Interactive Brokers's and a comparison of their fees shows that FP Markets's fees are slightly higher than Interactive Brokers's.
Account opening takes less effort at FP Markets compared to Interactive Brokers, deposit and withdrawal processes are more seamless at FP Markets, while customer service quality is somewhat better than Interactive Brokers's.
Our experts rated the trading platform of FP Markets as being of the same quality as the platform of Interactive Brokers, found that clients have access to much less markets and products with FP Markets, while Interactive Brokers provides somewhat better research and education.
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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