FP Markets vs Vanguard compared

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

FP Markets
Vanguard
75.31% of retail CFD accounts lose money

Last update of dataNov 2022

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.

Vanguard

Vanguard is a US stockbroker regulated by the top-tier SEC and FINRA.

Recommended for long-term investors looking for great ETF and mutual fund selection.

FP Markets's service is on par with Vanguard's and a comparison of their fees shows that FP Markets's fees are similar to Vanguard's.

Account opening takes somewhat less effort at FP Markets compared to Vanguard, deposit and withdrawal processes are more seamless at FP Markets, while customer service quality is somewhat better than Vanguard's.

Our experts rated the trading platform of FP Markets as somewhat worse than the platform of Vanguard, found that clients have access to about the same number of markets and products with FP Markets, while Vanguard provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.2

Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms

Overall Score
4.5

Recommended for Long-term investors looking for great ETF and mutual fund selection

Country of origin

Australia

Country of origin

USA

Fees

Fees score
3.9
Fees score
4.2
Fees summary

Low trading and non-trading fees, high stock CFD fees

Fees summary

Average trading fees, low non-trading fees, free stock and ETF trading

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.7
Deposit and withdrawal score
2.4
Number of base currencies

10

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Trading platform

Web platform score
2.8
Web platform score
3.4
Mobile platform score
3.8
Mobile platform score
4.4
Desktop platform score
3.4
Desktop platform score
-

Markets and products

Markets and products score
2.4
Markets and products score
2.7
Stocks
*
*
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

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

Research score
3.3
Research score
3.0
Charting quality

Mid-range

Charting quality

Poor

Education score
5.0
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection under ASIC, €20,000 under CySEC, No protection under Financial Services Authority (St. Vincent and the Grenadines)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2005

Foundation date

1975

Country of regulation

Australia, Cyprus, St. Vincent and the Grenadines

Country of regulation

USA

FP Markets

For detailed information and hands-on experience, read our review of this broker.

Vanguard

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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