Compare FP Markets vs Trading212
What is FP Markets? What is Trading212 ?
FP Markets is an online forex and CFD broker that was founded in 2005 and is regulated by ASIC and CySEC. It offers over 10,000 trading instruments across various asset classes, including forex, stocks, indices, commodities, metals, cryptocurrencies and more. It also provides access to the MetaTrader and IRESS trading platforms, as well as various research and education tools.
Trading212 is an online broker that was founded in 2004 and is regulated by the FCA and CySEC. It offers commission-free trading of real stocks and ETFs, as well as CFDs on forex, stocks, indices, commodities, metals, cryptocurrencies and more. It also provides access to its own proprietary web and mobile trading platforms, as well as various research and education tools.
FP Markets vs Trading212 Regulation Comparison
Both brokers are regulated by reputable authorities in the European Union: FP Markets by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), and Trading212 by the Financial Conduct Authority (FCA) in the UK and CySEC in Cyprus. Both brokers also offer investor protection schemes for their EU clients: FP Markets up to €20,000 per client under the Investor Compensation Fund (ICF) of Cyprus, and Trading212 up to £85,000 per client under the Financial Services Compensation Scheme (FSCS) of the UK.
However, FP Markets does not offer any investor protection for its non-EU clients.
FP Markets vs Trading212 Trading Assets Comparison
FP Markets offers a wider range of trading instruments than Trading212, with over 10,000 products across various asset classes, compared to Trading212’s 1,785 products. FP Markets has more forex pairs (71 vs 184), more CFDs on stocks (over 9,000 vs 1,500), more CFDs on indices (over 60 vs 30), more CFDs on commodities (over 20 vs 15), more CFDs on metals (over 10 vs 5), more CFDs on cryptocurrencies (over 10 vs 8), as well as CFDs on futures and options that Trading212 does not offer. However, Trading212 has an advantage over FP Markets in offering commission-free trading of real stocks and ETFs from various markets around the world, including the US, UK, Germany, France, Spain, Switzerland and more. Trading212 also offers fractional shares for some of these stocks and ETFs, which means you can buy a fraction of a share instead of a whole share.
FP Markets vs Trading212 Trading Fees Comparison
The trading fees of both brokers depend on the type of account and product you trade. FP Markets offers two types of accounts for forex and CFD trading: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has lower spreads but a commission of $3 per lot per side. The average spread for EUR/USD on the Standard account is 1.19 pips, while on the Raw account it is 0.09 pips. Trading212 offers three types of accounts for forex and CFD trading: Invest, ISA and CFD. The Invest and ISA accounts have no commission but higher spreads, while the CFD account has lower spreads but a commission of $0.01 per share for US stocks and £0.01 per share for UK stocks. The average spread for EUR/USD on the Invest/ISA accounts is 0.8 pips, while on the CFD account it is 0.6 pips. For stock and ETF trading, FP Markets charges a commission of $10 or 0.1% per trade for Australian stocks, $7 or 0.08% per trade for US stocks, €10 or 0.1% per trade for European stocks, £10 or 0.1% per trade for UK stocks, HK$100 or 0.18% per trade for Hong Kong stocks.
Trading212 does not charge any commission for real stock and ETF trading on its Invest/ISA accounts. For other fees, such as non-trading fees (e.g., deposit/withdrawal fees) or financing fees (e.g., overnight fees), both brokers have low or no fees in most cases, but you should check their websites for more details.
FP Markets vs Trading212 Account Types Comparison
FP Markets offers two types of accounts for forex and CFD trading: Standard and Raw. The minimum deposit for both accounts is $100, and the maximum leverage is 1:500 for forex, 1:200 for indices, 1:100 for commodities, 1:20 for metals, 1:5 for cryptocurrencies, and 1:10 for futures and options.
Trading212 offers three types of accounts for forex and CFD trading: Invest, ISA and CFD. The minimum deposit for all accounts is $0, and the maximum leverage is 1:30 for forex, 1:20 for indices, 1:10 for commodities, 1:5 for stocks and ETFs, and 1:2 for cryptocurrencies. The Invest account allows you to trade real stocks and ETFs commission-free, while the ISA account is a tax-free wrapper for UK residents that allows you to trade real stocks and ETFs commission-free up to £20,000 per year. The CFD account allows you to trade CFDs on various products with lower spreads but commissions on some products.
FP Markets vs Trading212 Deposit Options Comparison
Both brokers offer various deposit and withdrawal options, such as bank transfer, credit/debit card, e-wallets (e.g., Skrill, Neteller, PayPal), and local payment methods (e.g., BPay, POLi, FasaPay). However, the availability of these options may vary depending on your country of residence and the currency of your account. Both brokers also do not charge any fees for deposits or withdrawals in most cases.
FP Markets vs Trading212 Trading Platforms Comparison
FP Markets provides access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the IRESS platform. The MT4 and MT5 platforms are widely used by forex and CFD traders around the world, as they offer advanced charting tools, technical indicators, automated trading strategies (Expert Advisors), market news and analysis, and more. The IRESS platform is a web-based platform that offers more features for stock and ETF trading, such as market depth, advanced order types, portfolio management tools, news feeds and alerts, and more.
Trading212 provides access to its own proprietary web and mobile trading platforms, which are easy to use and intuitive. The web platform offers a user-friendly interface, customizable charts with various indicators and drawing tools, one-click trading, price alerts and notifications, economic calendar and news feed, social trading features (e.g., community chat), and more. The mobile platform offers a similar experience as the web platform, with some additional features such as biometric authentication, dark mode, widgets and watchlists.
FP Markets vs Trading212 Analytical Tools Comparison
Both brokers offer various analytical tools to help their clients make informed trading decisions. FP Markets offers various research tools on its website and platforms, such as market analysis reports from Trading Central (a third-party provider), daily market commentary from FP Markets analysts, economic calendar with upcoming events and indicators, trading calculators (e.g., margin calculator), video tutorials and webinars on various topics (e.g., technical analysis), and more. Trading212 offers various research tools on its website and platforms, such as market analysis articles from Trading212 analysts, economic calendar with upcoming events and indicators, trading calculators (e.g., profit calculator), video tutorials and webinars on various topics (e.g., fundamental analysis), social trading features (e.g., community chat), and more.
FP Markets vs Trading212 . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
