Compare FP Markets vs Spreadex

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

FP Markets vs Spreadex
open account	Open account 74-89% of retail CFD accounts lose money	Open account 69% of retail CFD accounts lose money
overall rating	4.4	4.3
overall pros	Low forex fees Easy and fast account opening Quick deposits and withdrawals	Low forex fees Good web platform Helpful customer service
overall cons	High stock CFD fees Limited product portfolio Outdated web and desktop platform	Thin product selection No desktop platform Limited research and education tools
fees	4.2 Low trading fees Low non-trading fees Low forex fees High stock CFD fees High fee for international bank withdrawal	4.0 Low forex fees No inactivity fee High stock index CFD fees
account opening	5.0 Fast Fully digital No minimum deposit for forex accounts High minimum account balance for CFD and stock account types	4.4 Fully digital No minimum deposit User-friendly Slower-than-average account verification
deposit and withdrawal	4.7 Credit/Debit card available No deposit fee Several account base currencies Some withdrawal options are not free of charge	4.3 Credit/Debit card available No deposit fee Free withdrawal in most cases Average account currency selection
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fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Outdated design	4.4 User-friendly Clear fee report Good search function Guaranteed stop No two-step (safer) login Available only in English
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	4.4 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
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	1.7 Forex CFD
research	3.3 Trading ideas User-friendly No fundamental data available No/poor quality news flow	1.9 Good financial/trading blog No trading ideas No/limited set of analytic tools Limited fundamental data
customer service	3.5 Live chat Fast response time Great email support No 24/7 support	4.5 Phone support Live chat Fast response time No 24/7 support
education	4.0 Demo account Trading platform tutorial Educational videos No webinars	1.3 Trading platform tutorial No demo account No educational videos No webinars
safety	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 Negative balance 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	Forex and CFD traders looking for low fees and great deposit/withdrawal options

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