Compare FP Markets vs Passfolio


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

FP Markets vs Passfolio
overall rating
4.4
4.1
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
  • Free US stock and ETF trading
  • Great mobile platform
  • Fast and fully digital account opening
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • Limited product portfolio focusing on US markets
  • Deposit is not user-friendly
  • Missing web and 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
5.0
  • Free stock and ETF trading for products priced above $5
  • No account opening and maintenance fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit for forex accounts
  • High minimum account balance for CFD and stock account types
5.0
  • Fully digital
  • No minimum deposit
  • Verification in 15 minutes
  • Verification can be buggy on desktop
deposit and withdrawal
4.7
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
1.5
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
  • Not user-friendly
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  • Outdated design
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
4.2
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
markets and products
2.0
  • Forex
  • CFD
  • Crypto
  • Stocks traded on the Australian Securities Exchange
2.0
  • Stock
  • ETF
  • Crypto
research
3.3
  • Trading ideas
  • User-friendly
  • No fundamental data available
  • No/poor quality news flow
1.5
  • User-friendly
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
3.5
  • Live chat
  • Fast response time
  • Great email support
  • No 24/7 support
3.5
  • Relevant answers
  • Fast email support
  • No 24/7 support
  • Couldn't reach phone support on multiple occasions
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
2.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial 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
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Beginners and long-term investors focusing on the US stock market
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