Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Forex traders who value a user-friendly platform and great research tools
Australia
USA
Fees
Low trading and non-trading fees, high stock CFD fees
Low CFD and forex trading fees, average non-trading 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
9
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1-3 days
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport 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.
Disclaimer: 78.3% 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
Great
Customer service
Security
€20k to EU clients, $0 to others
£85k to UK, €20k to EU clients, CAD 1mn to Canadian, and $0 to other clients
€20k to EU clients, $0 to others
£85k to UK, €20k to EU clients, CAD 1mn to Canadian, and $0 to other clients
2005
1996
Australia, Cyprus, St. Vincent and the Grenadines
US, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands
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 on par with Oanda's and a comparison of their fees shows that FP Markets's fees are similar to Oanda's.
Account opening takes somewhat less effort at FP Markets compared to Oanda, deposit and withdrawal processes are somewhat easier at FP Markets, while customer service quality is similar to Oanda's.
Our experts rated the trading platform of FP Markets as less user-friendly than the platform of Oanda, found that clients have access to slightly more markets and products with FP Markets, while Oanda provides better research and education.