Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Beginners and buy-and-hold investors focusing on the US stock market
Australia
USA
Fees
Low trading and non-trading fees, high stock CFD fees
Low trading and non-trading fees, low stock and ETF fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
1
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 75.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Poor
Customer service
Security
€20k to EU clients, $0 to others
$500k (securities up to $500k, cash up to $250k)
€20k to EU clients, $0 to others
$500k (securities up to $500k, cash up to $250k)
2005
1985
Australia, Cyprus, St. Vincent and the Grenadines
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
FP Markets's service is slightly weaker than J.P. Morgan Self-Directed Investing's and a comparison of their fees shows that FP Markets's fees are slightly higher than J.P. Morgan Self-Directed Investing's.
Account opening takes about the same effort at FP Markets compared to J.P. Morgan Self-Directed Investing, deposit and withdrawal processes are much more seamless at FP Markets, while customer service quality is much better than J.P. Morgan Self-Directed Investing's.
Our experts rated the trading platform of FP Markets as being of the same quality as the platform of J.P. Morgan Self-Directed Investing, found that clients have access to about the same number of markets and products with FP Markets, while J.P. Morgan Self-Directed Investing provides somewhat lower-quality research and education.
More alternatives to FP Markets and J.P. Morgan Self-Directed Investing