Compare AMarkets vs FP Markets
What is AMarkets? What is FP Markets ?
AMarkets is a forex and CFD broker that offers trading on the MT4 and MT5 platforms. It was established in 2007 and is regulated by the Financial Commission in the United Kingdom. It has offices in Montenegro, Armenia, Kazakhstan, and Uzbekistan.
FP Markets is a multi-asset broker that offers trading on the MT4, MT5, and Iress platforms. It was established in 2005 and is regulated by ASIC in Australia, CySEC in Cyprus, and FSCA in South Africa. It has offices in Australia, China, Cyprus, and Vietnam.
AMarkets vs FP Markets Regulation Comparison
Both brokers are regulated by reputable authorities, but FP Markets has more licenses than AMarkets. FP Markets is authorized by ASIC, CySEC, and FSCA, which cover major jurisdictions such as Australia, Europe, and South Africa. AMarkets is only regulated by the Financial Commission, which is a self-regulatory organization that provides dispute resolution services for traders.
AMarkets vs FP Markets Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, CFDs, indices, shares, commodities, and cryptocurrencies. However, FP Markets has more options than AMarkets in some categories. For example, FP Markets offers over 60 forex pairs, while AMarkets offers 42. FP Markets also offers ETFs, bonds, and futures, which AMarkets does not.
AMarkets vs FP Markets Trading Fees Comparison
Both brokers charge competitive fees for trading, but they have different pricing models. AMarkets offers fixed spreads on its Standard account and variable spreads on its ECN account. The fixed spreads start from 0.3 pips on EUR/USD and 0.6 pips on GBP/USD. The variable spreads start from 0 pips on EUR/USD and 0.1 pips on GBP/USD, but there is a commission of $2.50 per lot per side.
FP Markets offers variable spreads on all its accounts, but the spreads vary depending on the platform and account type. On the MT4 and MT5 platforms, the spreads start from 1.1 pips on EUR/USD and 1.9 pips on GBP/USD on the Standard account, and from 0 pips on EUR/USD and 0.3 pips on GBP/USD on the Raw account. The Raw account charges a commission of $3 per lot per side. On the Iress platform, the spreads start from 0 pips on EUR/USD and 0.6 pips on GBP/USD on the Standard account, and from -0.3 pips on EUR/USD and -0.1 pips on GBP/USD on the Premier account. The Premier account charges a commission of $3 per lot per side or 0.08% of trade value.
AMarkets vs FP Markets Account Types Comparison
Both brokers offer multiple account types to suit different trading styles and preferences. AMarkets has two main account types: Standard and ECN. The Standard account has fixed spreads and no commissions, while the ECN account has variable spreads and commissions. Both accounts have a minimum deposit of $100 and a maximum leverage of 1:1000. FP Markets has three main account types: Standard, Raw, and Premier. The Standard account has variable spreads and no commissions, while the Raw and Premier accounts have variable spreads and commissions. The Standard and Raw accounts have a minimum deposit of $100 and a maximum leverage of 1:500 (global) or 1:30 (UK), while the Premier account has a minimum deposit of $50,000 and a maximum leverage of 1:100 (global) or 1:30 (UK). FP Markets also offers Islamic accounts for swap-free trading.
AMarkets vs FP Markets Deposit Options Comparison
Both brokers support various deposit and withdrawal methods for their clients’ convenience. AMarkets accepts payments via credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, UnionPay, Perfect Money, FasaPay, crypto currencies (Bitcoin, Litecoin), AdvCash, Tether (USDT), OnlineNaira, and Ethereum. FP Markets accepts payments via credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, PayPal, Apple Pay, Google Pay, crypto currencies (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash, Tether (USDT), USD Coin (USDC)), Finrax, MoneyGram, Dragonpay, and local bank transfer.
AMarkets vs FP Markets Trading Platforms Comparison
Both brokers offer the popular MT4 and MT5 platforms for trading. These platforms are user-friendly, customizable, and support various features such as charting tools, indicators, expert advisors, and automated trading. Both brokers also provide mobile apps for trading on the go. FP Markets has an additional platform called Iress, which is a web-based platform that offers advanced trading tools, market data, and analytics. Iress is suitable for professional traders who need more functionality and access to a wider range of markets.
AMarkets vs FP Markets Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients make informed trading decisions. AMarkets offers trade signals, market news, economic calendar, webinars, and educational materials. FP Markets offers Autochartist, Trading Central, market news, economic calendar, webinars, and educational materials.
AMarkets vs FP Markets . Which forex broker is better? Which forex broker should you choose?
Different brokers can suit different traders depending on their needs and preferences. However, here are some factors to consider when choosing between AMarkets and FP Markets:
- If you prefer fixed spreads over variable spreads, you might prefer AMarkets.
- If you want more licensing and regulatory protection, you might prefer FP Markets.
- If you want more trading assets and options, you may prefer FP Markets.
- If you want lower commissions and fees, you can choose AMarkets or FP Markets depending on the account type and platform you choose.
- If you want more account types and flexibility, you can choose FP Markets.
- If you want more payment methods and options, you can choose FP Markets.
- If you want an additional web-based platform with advanced features, you may prefer FP Markets.
- If you want more analytical tools and services, you can choose FP Markets.
In the end, the best way to decide which forex broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their platforms, features and services before depositing real money. You can also read reviews from other traders and experts for more insights and opinions.
