Compare FP Markets vs FXTM
What is FP Markets? What is FXTM ?
FP Markets is an Australian-based broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. It is regulated by ASIC and CySEC and has been operating since 2005.
FXTM is a global broker that offers forex and CFD trading on over 1000 markets through the MT4 and MT5 platforms. It is regulated by FCA, CySEC, FSCA, FSC and has been operating since 2011.
FP Markets vs FXTM Regulation Comparison
Both brokers are regulated by CySEC, which means they have to comply with strict rules regarding client funds protection, risk management and transparency.
FP Markets is also regulated by ASIC, which is one of the most reputable regulators in the world. ASIC imposes high standards of capital adequacy, financial reporting and conduct on its licensed brokers.
FXTM is also regulated by FCA, FSCA and FSC, which are respected regulators in the UK, South Africa and Mauritius respectively. These regulators also require brokers to adhere to high standards of client protection, fair trading and dispute resolution.
FP Markets vs FXTM Trading Assets Comparison
FP Markets offers a wider range of trading assets than FXTM, with over 12,000 CFDs on stocks, indices, commodities, cryptocurrencies, bonds and ETFs. FXTM offers around 250 CFDs on stocks, indices and commodities.
Both brokers offer over 60 currency pairs for forex trading, with FP Markets offering some exotic pairs that FXTM does not.
Both brokers also offer cryptocurrency CFDs, but FP Markets has more options with four coins (Bitcoin, Ethereum, Litecoin and Ripple) compared to FXTM’s one (Bitcoin) .
FP Markets vs FXTM Trading Fees Comparison
FP Markets offers lower spreads on average than FXTM, starting from 0.0 pips on the EUR/USD pair for its ECN accounts. FXTM offers slightly higher spreads, starting from 0.1 pips for the same pair on its ECN accounts.
Both brokers charge commissions on their ECN accounts, with FP Markets charging $3 per lot per side and FXTM charging $2 per lot per side.
Both brokers also offer standard accounts with no commissions but wider spreads. FP Markets has an average spread of 1.1 pips on the EUR/USD pair for its standard account, while FXTM has an average spread of 1.9 pips for its standard account.
Both brokers also offer swap-free accounts for Islamic traders, but FP Markets does not charge any fees or commissions on these accounts, while FXTM charges a fixed fee per lot per day depending on the currency pair.
FP Markets vs FXTM Account Types Comparison
FP Markets offers three account types: Standard, Raw and Islamic. The Standard account has no commissions but wider spreads, the Raw account has low spreads but commissions, and the Islamic account has no fees or commissions but swap-free trading.
FXTM offers four account types: Standard, Cent, ECN and ECN Zero. The Standard account has no commissions but wider spreads, the Cent account has low minimum deposit but micro lots only, the ECN account has low spreads but commissions, and the ECN Zero account has zero commissions but wider spreads than the ECN account.
FP Markets vs FXTM Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including credit/debit cards, bank transfers, e-wallets and local payment methods.
FP Markets does not charge any deposit fees but charges withdrawal fees for some payment methods such as bank transfers ($25) and Neteller/Skrill (2%) .
FXTM does not charge any deposit or withdrawal fees for most payment methods but charges withdrawal fees for some methods such as bank transfers ($30) and credit/debit cards (2%) .
FP Markets vs FXTM Trading Platforms Comparison
Both brokers offer MetaTrader 4 and MetaTrader 5, the most popular and widely used trading platforms in the industry. These platforms offer advanced charting, technical analysis, automated trading, social trading and mobile trading features.
FP Markets also offers IRESS, a platform designed for professional traders who need access to direct market data, advanced order types, customisable layouts and sophisticated trading tools.
FXTM does not offer any other platform besides MetaTrader 4 and MetaTrader 5.
FP Markets vs FXTM Analytical Tools Comparison
Both brokers offer a range of analytical tools and resources to help traders make informed decisions and improve their skills. These include market news, economic calendars, trading signals, webinars, videos, articles and ebooks.
FP Markets also offers Autochartist, a powerful software that scans the markets for potential trading opportunities based on technical analysis and chart patterns.
FXTM also offers FXTM Invest, a copy trading platform that allows traders to follow and copy the strategies of successful traders for a fee.
FP Markets vs FXTM . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, you can see some of the advantages and disadvantages of each broker and decide which broker is the best fit for you. Here are some factors to consider:
- If you are looking for a wider range of trading assets, especially CFDs on stocks, bonds and ETFs, you might prefer FP Markets over FXTM.
- If you are looking for lower spreads and commissions, especially on the ECN accounts, you might prefer FP Markets over FXTM.
- If you are looking for more regulatory oversight and protection, especially from the FCA or FSCA, you might prefer FXTM over FP Markets.
- If you are looking for more educational resources and innovative trading features, such as FXTM Invest and fixed spread accounts, you might prefer FXTM over FP Markets.
Ultimately, the best way to find out which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and trading conditions before making a final decision.
