Compare FP Markets vs Forexee
What is FP Markets? What is Forexee ?
FP Markets is a global financial technology services provider that offers forex and CFD trading on various platforms, such as MetaTrader 4, MetaTrader 5, IRESS and WebTrader. It is regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). It has been operating since 2005 and has won over 40 international awards for its performance, customer service and education.
Forexee is an online broker that specializes in forex trading, offering over 50 currency pairs on the MetaTrader 4 platform. It is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It has been operating since 2014 and claims to offer low spreads, fast execution and no requotes.
FP Markets vs Forexee Regulation Comparison
FP Markets has a higher level of regulation than Forexee, as it is licensed by three reputable authorities in Australia, Cyprus and Europe, while Forexee is only licensed by one authority in Saint Vincent and the Grenadines, which is not a very strict regulator. FP Markets also segregates client funds from its own funds and provides negative balance protection to its customers. Forexee does not disclose whether it segregates client funds or offers negative balance protection.
FP Markets vs Forexee Trading Assets Comparison
FP Markets offers a wider range of trading assets than Forexee, as it allows its customers to trade not only forex, but also CFDs on shares, indices, commodities, metals, bonds and futures. FP Markets offers over 60 forex pairs, over 10,000 stocks, 19 major global indices, various commodities, metals and bonds, and some futures contracts. Forexee only offers over 50 forex pairs.
FP Markets vs Forexee Trading Fees Comparison
FP Markets and Forexee both charge variable spreads on their forex trades, but FP Markets generally has lower spreads than Forexee. FP Markets offers spreads from as low as 0.0 pips on some major currency pairs, such as EUR/USD, USD/JPY and GBP/USD. Forexee offers spreads from as low as 0.5 pips on some major currency pairs, such as EUR/USD, USD/JPY and GBP/USD. Both brokers also charge commissions on some of their account types, but FP Markets has lower commissions than Forexee. FP Markets charges $3 per lot per side on its Raw account type, while Forexee charges $5 per lot per side on its ECN account type.
FP Markets vs Forexee Account Types Comparison
FP Markets offers more account types than Forexee, as it has four account types for forex and CFD trading: Standard, Raw, Platinum and Premier.
Forexee only has three account types for forex trading: STP, ECN and Crypto.
The main differences between the account types are the minimum deposit requirements, the spreads, the commissions and the leverage levels. FP Markets has lower minimum deposit requirements than Forexee for most of its account types. FP Markets requires $100 for its Standard and Raw accounts, $25,000 for its Platinum account and $50,000 for its Premier account. Forexee requires $50 for its STP account, $200 for its ECN account and $10 for its Crypto account. FP Markets also has higher leverage levels than Forexee for most of its account types. FP Markets offers up to 30:1 leverage for its Standard, Raw and Platinum accounts and up to 500:1 leverage for its Premier account. Forexee offers up to 10:1 leverage for its STP account, up to 100:1 leverage for its ECN account and up to 3:1 leverage for its Crypto account.
FP Markets vs Forexee Deposit Options Comparison
FP Markets has more deposit and withdrawal options than Forexee, as it accepts various methods such as credit/debit cards, bank transfers, e-wallets (such as Skrill, Neteller and PayPal) and cryptocurrencies (such as Bitcoin).
Forexee only accepts credit/debit cards, bank transfers and cryptocurrencies (such as Bitcoin, Litecoin and Ethereum). Both brokers do not charge any fees for deposits or withdrawals, but some third-party fees may apply depending on the method used.
FP Markets vs Forexee Trading Platforms Comparison
FP Markets and Forexee both use the MetaTrader 4 platform for forex trading, which is a popular and user-friendly platform that offers various features such as charting tools, indicators, expert advisors, one-click trading and market news . However, FP Markets also offers other platforms for forex and CFD trading, such as MetaTrader 5, IRESS and WebTrader, which have different functionalities and advantages. Forexee does not offer any other platforms besides MetaTrader 4.
FP Markets vs Forexee Analytical Tools Comparison
FP Markets provides more analytical tools than Forexee, as it offers various resources such as market analysis, trading signals, economic calendar, webinars, ebooks, videos and courses. Forexee only provides some basic resources such as market news, economic calendar and trading calculators.
FP Markets vs Forexee . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk tolerance. However, you can see that FP Markets and Forexee have some strengths and weaknesses in different areas. Here are some factors you may want to consider when choosing a forex broker:
- Regulation: If you value security and protection, you may prefer a broker that is regulated by reputable authorities and offers features such as segregated funds and negative balance protection. In this case, FP Markets may be a better choice than Forexee, as it is regulated by three authorities in Australia, Cyprus and Europe, while Forexee is only regulated by one authority in Saint Vincent and the Grenadines.
- Trading assets: If you want to diversify your portfolio and trade not only forex, but also other instruments such as CFDs on shares, indices, commodities, metals, bonds and futures, you may prefer a broker that offers a wide range of trading assets. In this case, FP Markets may be a better choice than Forexee, as it offers over 60 forex pairs and over 10,000 CFDs on various markets, while Forexee only offers over 50 forex pairs.
- Trading fees: If you want to minimize your trading costs and maximize your profits, you may prefer a broker that offers low spreads and commissions. In this case, FP Markets may be a better choice than Forexee, as it offers spreads from as low as 0.0 pips on some major currency pairs and commissions from $3 per lot per side on its Raw account type, while Forexee offers spreads from as low as 0.5 pips on some major currency pairs and commissions from $5 per lot per side on its ECN account type.
- Account types: If you want to have more flexibility and options in terms of your trading conditions, such as minimum deposit requirements, leverage levels and trading platforms, you may prefer a broker that offers more account types. In this case, FP Markets may be a better choice than Forexee, as it offers four account types for forex and CFD trading: Standard, Raw, Platinum and Premier, while Forexee only offers three account types for forex trading: STP, ECN and Crypto.
- Deposit and withdrawal options: If you want to have more convenience and ease in funding your account and withdrawing your profits, you may prefer a broker that accepts various methods such as credit/debit cards, bank transfers, e-wallets and cryptocurrencies. In this case, FP Markets may be a better choice than Forexee, as it accepts various methods such as credit/debit cards, bank transfers, e-wallets (such as Skrill, Neteller and PayPal) and cryptocurrencies (such as Bitcoin), while Forexee only accepts credit/debit cards, bank transfers and cryptocurrencies (such as Bitcoin, Litecoin and Ethereum).
- Trading platforms: If you want to have more functionality and features in your trading platform, such as charting tools, indicators, expert advisors, one-click trading and market news, you may prefer a broker that offers more than one platform for forex and CFD trading. In this case, FP Markets may be a better choice than Forexee, as it offers various platforms such as MetaTrader 4, MetaTrader 5, IRESS and WebTrader, while Forexee only offers MetaTrader 4.
- Analytical tools: If you want to have more support and guidance in your trading journey, such as market analysis, trading signals, economic calendar, webinars, ebooks, videos and courses, you may prefer a broker that provides more analytical tools. In this case, FP Markets may be a better choice than Forexee, as it offers various resources such as market analysis, trading signals, economic calendar, webinars, ebooks, videos and courses , while Forexee only provides some basic resources such as market news, economic calendar and trading calculators.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You should always do your own research before choosing a broker and consider your own trading goals, experience and risk tolerance.
