Compare FP Markets vs MTrading
What is FP Markets? What is MTrading ?
FP Markets is a global contract for differences (CFD) and online retail foreign exchange (Forex) broker established and regulated in Australia since 2005. It offers trading on over 10,000 instruments across forex, shares, indices, commodities, metals, bonds and futures. It has won over 40 international awards for its performance, technology and customer support.
MTrading is a forex and CFD broker that offers trading on forex, commodities, crypto and indices. It is operated by ServiceComsvg Ltd., a company registered in Saint Vincent and the Grenadines. It has a local office in Hanoi, Vietnam. It provides copy trading, deposit bonus and rebate service for its clients.
FP Markets vs MTrading Regulation Comparison
FP Markets 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). These are some of the most stringent regulators in the world that require high standards of financial security, transparency and customer protection.
MTrading is not regulated by any major financial authority. It is only registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction that does not impose strict rules or supervision on forex brokers. This means that clients of MTrading may face higher risks of fraud, manipulation or insolvency.
FP Markets vs MTrading Trading Assets Comparison
FP Markets offers a wider range of trading assets than MTrading. FP Markets has over 10,000 instruments across forex, shares, indices, commodities, metals, bonds and futures, while MTrading only has forex, commodities, crypto and indices. FP Markets also offers more currency pairs (60+ vs 40+) and more indices (19 vs 15) than MTrading.
FP Markets vs MTrading Trading Fees Comparison
FP Markets has lower trading fees than MTrading in general. FP Markets offers two types of accounts: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has low spreads from 0.0 pips but a commission of $3 per lot per side.
MTrading also has two types of accounts: Classic and Pro. The Classic account has no commission but higher spreads, while the Pro account has lower spreads but a commission of $4 per lot per side. Based on the average spreads published on their websites, FP Markets has lower spreads than MTrading on both types of accounts for most of the major currency pairs.
FP Markets vs MTrading Account Types Comparison
FP Markets and MTrading both offer two types of accounts: Standard/Classic and Raw/Pro. The main difference between them is the commission and spread structure as explained above. Both brokers also offer Islamic accounts that are swap-free for Muslim traders who follow Sharia law. FP Markets also offers a Professional account for eligible clients who can access higher leverage and other benefits.
FP Markets vs MTrading Deposit Options Comparison
FP Markets and MTrading both offer a variety of deposit and withdrawal options for their clients. They both accept bank cards, electronic payment systems, wire transfers and local banking methods. However, FP Markets does not charge any fees for deposits or withdrawals, while MTrading may charge some fees depending on the method used. FP Markets also claims to process withdrawals within one business day, while MTrading does not specify the withdrawal processing time on its websit.
FP Markets vs MTrading Trading Platforms Comparison
FP Markets and MTrading both offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and user-friendly platforms that support multiple order types, charting tools, indicators, automated trading and mobile trading. FP Markets also offers IRESS, a web-based platform that provides advanced features such as direct market access, level 2 pricing, customisable layouts and alerts. MTrading does not offer any other platform besides MT4 and MT5.
FP Markets vs MTrading Analytical Tools Comparison
FP Markets provides more analytical tools than MTrading for its clients. FP Markets offers daily market analysis, economic calendar, trading signals, webinars, ebooks, videos and courses on its website. It also provides access to Trading Central, a third-party provider of technical analysis, market commentary and trading strategies. MTrading only offers an economic calendar, a blog and some videos on its website. It does not provide any trading signals, webinars or educational materials.
FP Markets vs MTrading . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite, level of experience and other factors. However, there are a few things you can consider:
- FP Markets is more regulated and reputable than MTrading, which may give you more confidence and security when trading with them.
- FP Markets offers a wider range of trading assets than MTrading, which may give you more opportunities and diversification in the market.
- FP Markets has lower trading fees than MTrading in general, which may save you money and increase your profitability in the long run.
- FP Markets offers more trading platforms and analytical tools than MTrading, which may enhance your trading experience and performance.
In the end, the best way to decide which forex broker is better or which one you should choose is to experiment yourself. You can open a free demo account with both brokers and test out their services, platforms and features without risking real money. You can also compare customer support, execution speed, withdrawal process and other aspects that are important to you. That way, you can find the forex broker that best suits your needs and expectations.
