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Do you want to know which is the better broker between ICM and FP Markets ?
In the table below, you can compare the features of ICM , FP Markets side by side to determine the best fit for your needs.
EURUSD: -0.2
XAUUSD: 0.9
Long: -5.78
Short: 2.54
Long: -37.6
Short: 22.51
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of icm-capital, fp-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
ICM Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | London, UK |
Regulation | FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs |
Market Instruments | Forex, precious metals, stocks, futures, securities, cryptocurrencies CFD |
Demo Account | Available |
Leverage | 1:200 |
EUR/USD Spread | 1.2 pips |
Trading Platforms | MT4, MT5, cTrader |
Minimum deposit | $200 |
Customer Support | 24/5 live chat, phone, email, WhatsApp or send messages |
ICM, or ICM Capital, is a UK-based online forex and CFD trading provider. It was established in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company offers trading services in a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. ICM also provides clients with access to the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms, and offers multiple account types to cater to the needs of different traders.
ICM offers several advantages for traders, including the provision of the popular MetaTrader platform and a wide range of tradable instruments across multiple asset classes. The broker is also regulated by reputable authorities.
However, there are some drawbacks, such as limited educational resources and research tools. Additionally, ICM is not available for clients in certain jurisdictions.
Pros | Cons |
• Regulated by multiple authorities | • Limited educational resources |
• Commission-free trading | • No 24/7 customer support |
• Islamic accounts offered | • Limited research tools |
• Negative balance protection | |
• MR4, MT5, cTrader supported |
Note: The above table is based on general observations and may not be comprehensive. Pros and cons may vary depending on individual preferences and requirements.
There are many alternative brokers to ICM, each with their own unique features and offerings. Some popular alternatives include:
eToro: eToro is a well-known broker that offers social trading, allowing traders to follow and copy the trades of other successful traders.
IG: IG is a broker that offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
XM: XM is a broker that offers low spreads and competitive pricing, as well as a range of educational resources for traders.
Plus500: Plus500 is a broker that offers commission-free trading and a range of trading instruments, including forex, stocks, and cryptocurrencies.
FXTM: FXTM is a broker that offers a range of trading platforms and a variety of trading instruments, including forex, stocks, and commodities.
It's important to do your own research and compare the features, fees, and offerings of different brokers before choosing one that best fits your trading needs and preferences.
ICM is a legitimate forex and CFD broker that is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA), Financial Services Commission of Mauritius, etc. The company also uses advanced security measures to protect clients' funds and personal information.
However, as with any financial service provider, it is always important to do your own research and due diligence before opening an account and investing your money.
ICM protect their clients with many different protection measures. Specific details can be found in the table below:
Protection Measures | Description |
Regulation | FCA, FSC, LabuanFSA, FSA, ARIF, CABs, QFC |
Negative Balance Protection | Clients can not lose more than their account balance in the event of a market downturn |
Segregated Accounts | Protect clients in the unlikely event of the broker's insolvency |
SSL Encryption | ICM's website and trading platforms use SSL encryption to ensure that all client information and transactions are secure |
Two-Factor Authentication | As an additional security measure to protect client accounts from unauthorized access |
It's worth noting that while these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose.
Based on the regulatory oversight, client fund protection, and risk management policies of ICM, it can be considered a relatively reliable broker. It is regulated by several reputable financial authorities, and it implements measures to ensure the security of its clients' funds.
However, like any other broker, there are still risks associated with trading, such as market volatility and price fluctuations, which should be taken into consideration. Though these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose
ICM offers a variety of trading instruments across different asset classes, including:
Forex: ICM offers over 60 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and many more.
Precious metals: ICM provides trading opportunities for precious metals, including gold and silver, which are traded as CFDs.
Stocks: ICM allows clients to trade stocks from some of the world's most popular stock exchanges, including the NYSE and NASDAQ.
Futures: ICM provides access to futures contracts from various markets, including indices, commodities, and currencies.
Securities: ICM offers trading in bonds, bills, and notes issued by governments and corporations.
Cryptocurrencies CFDs: ICM also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as CFDs.
It's worth noting that the availability of trading instruments may vary depending on the jurisdiction of the client.
ICM offers two account types: ICM Direct (ECN) and ICM ZERO.
The ICM Direct (ECN) account has variable spreads starting from 1.2 pips and requires a minimum deposit of $200. It also offers a maximum leverage of 1:200.
The ICM ZERO account has spreads starting from 0.0 pips with a commission of $7 per lot traded and requires a minimum deposit of $1,000. It also offers a maximum leverage of 1:200. Both accounts offer access to the MT4, MT5 and cTrader trading platforms.
ICM offers leverage up to 1:200 for forex trading. However, the maximum leverage available for other instruments such as indices, commodities, and cryptocurrencies may vary depending on the instrument and market conditions.
It is important to note that while leverage can increase potential profits, it also amplifies potential losses, and traders should use it with caution and employ appropriate risk management strategies.
ICM offers variable spreads, which means that the spread can fluctuate depending on market conditions. The spread for EUR/USD can start from as low as 1.2 pips on the ICM Direct account, while on the ICM ZERO account the spread can be as low as 0.0 pips, but with a commission of $7 per lot.
It's important to note that the spreads and commissions may vary depending on the account type, trading instrument, and market conditions. It's always recommended to check the latest information on the ICM website or trading platform.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
ICM | 1.2 pips | 0 ($7 per lot on ICM ZERO account) |
eToro | 1.0 pips | 0 |
IG | 0.75 pips | 0 |
XM | 0.9 pips | 0 |
Plus500 | 0.6 pips | 0 |
FXTM | 1.3 pips | 0 |
Note: Spreads and commissions are subject to change and may vary depending on the account type and trading platform used.
ICM offers MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader as trading platforms.
MetaTrader4 is a widely used platform among traders and offers a range of features such as automated trading and advanced charting tools.
MetaTrader5 is the successor to MT4 and includes additional features such as more advanced trading tools and indicators.
cTrader is a popular platform among ECN traders and offers advanced charting tools, level 2 pricing, and other advanced features.
Overall, ICM's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
ICM | MT4, MT5, cTrader |
eToro | eToro Platform |
IG | IG Platform |
XM | MT4, MT5 |
Plus500 | Plus500 Platform |
FXTM | MT4, MT5 |
ICM offers several deposit and withdrawal options for its clients.
Deposit methods include bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and China Union Pay. Withdrawal methods include bank wire transfer, Skrill, Neteller, FasaPay, and China Union Pay.
ICM does not charge any deposit or withdrawal fees, but fees may be charged by the payment provider. Withdrawals are usually processed within 24 hours, but may take longer depending on the payment method.
The minimum deposit amount for ICM Direct account is $200 and for ICM Zero account is $1,000.
ICM | Most other | |
Minimum Deposit | $200 | $100 |
To withdraw funds from your ICM trading account, you need to follow these steps:
Step 1: Log in to your ICM client portal.
Step 2: Click on the “Withdrawal” button.
Step 3: Select the payment method you want to use.
Step 4: Enter the amount you want to withdraw and fill in any required details.
Step 5: Submit your withdrawal request.
ICM will then process your withdrawal request and send the funds to the payment method you selected. The processing time can vary depending on the payment method and your bank's processing times. It is recommended to check with your payment provider for more information.
ICM charges various fees that traders should be aware of. Apart from spreads and commissions, there are also some other fees that will be charged.
Inactivity fee: If an account is inactive for 180 days, ICM charges an inactivity fee of $50 per month.
Overnight swap fees: ICM charges overnight swap fees on positions held open overnight, which can be either positive or negative, depending on the trading instrument.
Conversion fees: If traders deposit or withdraw funds in a currency different from their account currency, ICM charges a conversion fee of 2%.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
ICM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 180 days of inactivity |
eToro | Free | $5 | $10/month after 12 months of inactivity |
IG | Free for most methods, bank wire may incur a fee | $1.20 per withdrawal | £12/month after 24 months of inactivity |
XM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 90 days of inactivity |
Plus500 | Free | $1.3 - $39 depending on the withdrawal method used | $10/month after 3 months of inactivity |
FXTM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 6 months of inactivity |
It is important to note that fees may vary depending on the account type, trading instrument, and market conditions. Traders should always check the latest fee schedule on ICM's website before trading.
ICM offers customer support 24/5 via live chat, phone, email, WhatsApp or send messages online to get in touch.
You can also follow some social networks such as LinkedIn, YouTube, Instagram, Facebook and Twitter.
Pros | Cons |
• 24/5 customer support via phone, email, and live chat | • No 24/7 customer support |
• Personal account managers for certain account types | • No in-person customer support |
• Multilingual customer support | • Limited educational resources on customer support page |
• Quick response times to customer inquiries |
Note: These pros and cons are subjective and may vary depending on the individual's experience with ICM's customer service.
Overall, ICM's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
In conclusion, ICM is a regulated broker that offers a range of trading instruments and account types. The broker has a strong emphasis on customer protection and provides negative balance protection to its clients. Additionally, the broker offers a demo account for traders to practice their trading strategies before investing real money.
ICM offers two account types with different spreads and commissions, and clients can choose between MT4, MT5, and cTrader as their trading platforms. The broker offers multiple deposit and withdrawal options, and fees are relatively competitive compared to other brokers in the industry.
In terms of customer service, ICM has a knowledgeable support team that can be reached through email, phone, or live chat. However, the broker's educational resources could be more extensive to cater to novice traders.
Q 1: | Is ICM regulated? |
A 1: | Yes. It is regulated by FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs. |
Q 2: | At ICM, are there any regional restrictions for traders? |
A 2: | Yes. ICM does not provide services to residents of the USA, North Korea and a few other countries. |
Q 3: | Does ICM offer industry-standard MT4 & MT5? |
A 3: | Yes. Both MT4 and MT5 are available. It also supports cTrader. |
Q 4: | What is the minimum deposit for ICM? |
A 4: | The minimum deposit requirement at ICM is $200. |
Q 5: | Is ICM a good broker for beginners? |
A 5: | Yes. ICM is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement on the leading MT4 and MT5 platforms. |
FP Markets | Basic Information |
Registered Country | Sydney, Australia |
Founded in | 2005 |
Regulation | ASIC, CySEC |
Minimum Deposit | $100 |
Trading Instruments | Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals, Bonds, and ETFs |
Trading Platforms | MetaTrader 4, MetaTrader 5, Iress |
Account Types | Standard, Raw, Islamic, Demo |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | $3.00 per side per 100k traded (Raw Account only) |
Deposit and Withdrawal Methods | Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, POLi, FasaPay, China Union Pay, BPay, PayPal |
Customer Support | 24/7 Live Chat, Email, Phone Support, Knowledge Base, Video Tutorials |
Educational Resources | Webinars, eBooks, Trading Videos, Trading Tools, Market Analysis, Economic Calendar |
FP Markets is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices, metals, and cryptocurrencies. The company was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets provides clients with access to multiple trading platforms including MetaTrader 4, MetaTrader 5, and IRESS. The broker also offers several account types to cater to the needs of different traders, including Standard andRaw, with the minimum deposit to open a standard account starting from $100 AUD or equivalent amount. The standard account is designed for novice traders, while the Raw account is intended for more experienced traders who require tighter spreads and faster execution speeds. In addition, the company offers Islamic accounts, as well as a free demo account for traders to test their strategies in a risk-free environment.
When it comes to trading conditions, FP Markets is known for its competitive spreads and low commissions. The broker also offers high leverage options of up to 500:1 for forex trading. Additionally, the broker offers various 24/7 customer support and rich educational resources such as webinars, trading guides, and video tutorials, which can help both novice and experienced traders to improve their trading skills.
Yes, FP Markets is a regulated broker. They are regulated by two reputable regulatory bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). ASIC is known for its strict regulations and is considered to be one of the most trusted regulators in the world. CySEC is also a reputable regulator and is responsible for regulating the financial markets in Cyprus, which is an important hub for forex and CFD trading. FP Markets' adherence to these regulatory bodies' rules and regulations ensures its transparency, and fairness in its operations.
FP Markets has several pros, including its strong regulatory framework, low trading fees, diverse range of financial instruments, and robust trading platforms. The broker also offers various account types to suit the needs of different traders and provides excellent customer support. However, some potential cons of FP Markets include limited live trading account types, high inactivity fees, and the fact that the broker is not available to clients from certain countries.
Pros | Cons |
Regulated by reputable authorities (ASIC, CySEC) | No support for U.S. clients |
Wide range of trading instruments | Limited live account types |
Website easy to navigate | Inactivity fee charged on dormant accounts |
Low spreads and competitive pricing | No social trading platform offered |
Generous leverage up to 1:500 | Minimum deposit not the friendiest compared to other brokers |
Rich educational resources available | |
Negative balance protection | |
Multiple trading platforms, MT4, MT5 and Iress | |
High-quality customer service and support |
FP Markets offers over 2250 market instruments for traders to choose from, including forex pair ( over 60) , indices, commodities (Coffee, natural gas, corn & more) , metals (Gold, oil, silver & more), cryptocurrencies, bonds (US10YR & UK Long Gilt Futures GILT), shares ( more than 10,000) and more. With Forex, traders can access major currency pairs, as well as minor and exotic currency pairs. For indices, FP Markets offers a selection of popular indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and more. In the commodities market, traders can trade precious metals like gold and silver, as well as oil, natural gas, and other commodities. FP Markets also offers trading in cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, as well as shares from various exchanges, including the NYSE and NASDAQ. Overall, FP Markets provides a diverse range of market instruments for traders to choose from.
Behold, a comparison table of the vast array of market instruments offered by reputable brokers FP Markets, IC Markets, FXTM, and Exness:
Market Instruments | FP Markets | IC Markets | FXTM | Exness |
Forex | 60+ | 65+ | 60+ | 120+ |
Commodities | 15+ | 19+ | 3+ | 10+ |
Indices | 20+ | 18+ | 11+ | 10+ |
Stocks | 10,000+ | 120+ | 180+ | 0 |
Cryptocurrencies | 5+ | 10+ | 5+ | 5+ |
When it comes to FP Markets' account types, there are a few important things to consider. Firstly, it is worth noting that the available account types depend on which trading platform you choose to use. The MT4 and MT5 platforms offer Standard and Raw account types, while the iRESS trading platform offers both Retail and Wholesale/Professional account types.
Let's take a closer look at each account type. The Standard account offers commission-free trading with spreads starting from 1.0 pip, while the Raw account offers commission-based trading with spreads starting from 0.0 pips. The Raw account is designed for traders who require lower spreads and are willing to pay a commission for the privilege.
On the other hand, the iRESS trading platform offers both Retail and Wholesale/Professional account types. The Retail account offers commission-free trading with spreads starting from 0.0 pips, while the Wholesale/Professional account offers commission-based trading with spreads starting from 0.0 pips. The Wholesale/Professional account is designed for traders who require lower spreads and have higher trading volumes, and are therefore able to access deeper liquidity pools.
Each account type has its own minimum deposit requirement, which varies depending on the platform and account type you choose, with Standard and Raw (MT4 & MT5)starting from $100 AUD or equivalent, retail and wholesale account from $1,000. In addition, each account type offers different leverage options, depending on the financial instrument being traded.
Pros | Cons |
Multiple account types to choose from | Limited leverage options for certain account types |
Low minimum depoist for Standard and Raw account | Minimum deposit requirements can be high for some retail and professional account |
Ability to trade multiple markets with IRESS platform | Some account types may have higher commission fees |
Access to multiple trading platforms | Limited cryptocurrency trading options |
Professional account options for experienced traders | Demo accounts only available for a limited time period |
High-speed order execution with ECN trading technology | Swap-free account options may not be available for all account types |
FP Markets offers free demo accounts for both the MT4 and MT5 platforms, allowing traders to practice their strategies and familiarize themselves with the platforms before opening a live trading account. The demo accounts provide access to real-time market data, competitive spreads, and a range of trading tools, making it an ideal option for traders of all levels to test their trading skills without risking their capital.
One of the key advantages of FP Markets' demo accounts is that they allow traders to experience the same trading conditions as their live accounts, giving them a realistic view of the market environment. In addition, the demo accounts are unlimited, meaning that traders can practice for as long as they want without any time restrictions.
FP Markets' demo accounts are valid for 30 days. However, if you require an extension, you can contact their customer support team to request it. They may extend the demo account for an additional 30 days.
FP Markets offers Islamic or swap-free accounts to clients who follow the Muslim faith and cannot receive or pay interest due to religious reasons. These accounts comply with Sharia law and allow traders to hold positions overnight without incurring any rollover fees or interest charges.
FP Markets' Islamic accounts are available for all account types, including the Standard and Raw accounts for MT4 and MT5, as well as the iRESS Trading platform. Traders can open an Islamic account by submitting a request to the FP Markets support team, which will review and approve the application.
Here is some more detailed information about how to open an account with FP Markets:
To begin the account opening process, prospective clients can go to the FP Markets website and click on the “Open Live” button. They will then be directed to a page where they can choose between opening a live or a demo account.
After selecting the account type, clients will need to fill out an application form that requires personal and financial information. This includes details such as their full name, email address, phone number, country of residence, and employment status.
Clients will also need to provide some identification documents, such as a passport or national ID card, as well as proof of address, which could be in the form of a utility bill or bank statement. FP Markets takes security seriously and has a strict verification process to ensure the safety of client funds and information.
Once the application has been submitted and the client's identity and address have been verified, they will receive an email with their login credentials and instructions on how to fund their account. FP Markets offers a variety of payment options, including credit/debit cards, bank transfers, and various e-wallets.
The leverage offered by FP Markets for other instruments varies based on the type of instrument and the entity under which it operates. For example, the Australian entity of FP Markets offers a maximum trading leverage of up to 1:500 for major forex trading, while the CySEC entity offers a maximum trading leverage of up to 1:30 for forex trading. Besides, for commodities and indices, the maximum leverage available is usually lower than for forex trading.
Please bear in mind that trading with leverage involves a higher degree of risk, and traders should use it wisely and with caution. It is always advisable to understand the risks involved and have a sound risk management plan in place before using leverage in trading.
FP Markets offers competitive spreads and commissions for its traders. The spreads for forex trading start from as low as 0.0 pips, depending on the type of account and trading platform. The Raw account, which is available on both the MT4 and MT5 trading platforms, charges a commission of $3 per side per lot traded, while the Standard account has no commission but slightly wider spreads.
For trading CFDs on indices, FP Markets charges a commission starting from $10 per lot, while the spreads start from 0.5 points. The commission and spreads for other instruments, such as commodities, shares, and cryptocurrencies, vary depending on the specific instrument and trading platform.
FP Markets offers an Active Traders program that provides discounted trading fees for high-volume traders. Traders who meet certain trading volume requirements can receive rebates on their commissions and reduced spreads.
We've gathered data on EUR/USD, XAU/USD, Brent Crude Oil, and Bitcoin (BTC/USD) from top-notch brokers, including FP Markets, IC Markets, FXTM, and Exness, so you can make an informed decision on where to place your trades.
Broker | EUR/USD Spreads (pips) | XAU/USD Spreads(pips) | Brent Crude Oil Spreads(pips) | Bitcoin Spreads(pips) |
FP Markets | 0 | 15 | 3 | 18.66 |
IC Markets | 0 | 20 | 3 | 60 |
FXTM | 1.3 | 20 | 3 | 130 |
Exness | 0.9 | 17 | 2 | 80 |
In addition to trading fees, FP Markets also charges non-trading fees that traders should be aware of before opening an account. The broker charges an inactivity fee of AUD 10 per month on accounts that have been inactive for more than six consecutive months. FP Markets also charges a withdrawal fee of AUD 20 for withdrawals made via bank transfer, while withdrawals made via credit/debit card or e-wallets are free of charge.
Moreover, FP Markets offers a VPS service to its clients, allowing them to access their trading accounts from anywhere in the world. However, the VPS service is not free and is available at an additional cost of AUD 30 per month. The broker also offers a copy trading service called “MAM/PAMM,” which allows traders to copy the trades of professional traders. This service is also available at an additional cost of 10% performance fee.
Besides, FP Markets also charges swap interest for holding positions overnight. The swap rates can be either positive or negative depending on the currency pair and the direction of trade.
Pros | Cons |
No deposit or withdrawal fees for most methods. | Inactivity fee charged after 6 months of inactivity. |
No account administration fees. | Some payment methods may incur fees charged by third-party providers. |
No fees charged for Islamic accounts. | Overnight financing fees (swaps) are charged on positions held overnight. |
Low conversion fees for deposits and withdrawals in different currencies. |
FP Markets offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the IRESS platform for advanced traders.
The MT4 platform is well-known for its user-friendly interface and extensive range of analytical tools, making it a popular choice among traders of all levels. The MT5 platform is an upgraded version of MT4, offering additional features such as more timeframes, additional order types, and advanced technical analysis tools.
The IRESS platform is designed for more advanced traders who require direct market access (DMA) and the ability to trade a variety of financial instruments, including stocks, futures, and options, as well as forex and CFDs.
Please note that FP Markets charges fees for using the MT4 and MT5 trading platforms. The fees depend on the account type and trading platform being used. For example, Standard account holders using the MT4 platform are charged zero commissions for various tarding assets, while Raw account holders are charged a commission of $3.5 AUD per lot for forex trades on the same platform. On the MT5 platform, both Standard and Raw account holders are charged a commission of $6 per lot for forex trades. It's important to note that these fees are subject to change and may vary depending on the instrument being traded.
Here is the comprehensive table comparing the top trading platforms offered by FP Markets and other reputable brokers such as IC Markets, Exness, and Avatrade:
Broker | Trading Platform | Desktop/Mobile/Web | Number of Instruments | Minimum Deposit |
FP Markets | MT4, MT5, IRESS | Desktop, Mobile | 10,000+ | $100 |
IC Markets | MT4, MT5, cTrader | Desktop, Mobile, Web | 300+ | $200 |
Exness | MT4, MT5 | Desktop, Mobile, Web | 150+ | $1 |
Avatrade | MT4, MT5, AvaOptions | Desktop, Mobile, Web | 1000+ | $100 |
FP Markets presents comprehensive copy trading services. The options include an embedded MT4 service from a leading algorithmic broker, an embedded MT5 service ideal for equity CFD copy trading, and an embedded cTrader service as a reasonable MT4 alternative. Additionally, traders can leverage the well-trusted third-party service Myfxbook AutoTrade or explore the fee-based emerging alternative Signal Start. Furthermore, FP Markets provides an in-house maintained copy trading service, FP Markets Social Trading, catering to traders seeking a proprietary solution.
FP Markets requires a minimum deposit of $100. This means that you can not open an account with FP Markets unless you deposit at least $100. However, it is important to note that some payment methods may require a higher minimum deposit. For example, if you are using a bank wire transfer, the minimum deposit may be higher than $100 due to processing fees.
The following is a table showing the comparison of the minimum deosit required by FP Markets and other brokers, avatrade, exness, and ic markets:
Broker | Minimum Deposit |
FP Markets | $100 |
Avatrade | $100 |
Exness | $1 |
IC Markets | $200 |
FP Markets offers a variety of convenient deposit and withdrawal methods to ensure that clients can easily fund and withdraw their accounts. Clients can deposit funds using credit/debit cards, bank wire transfers, electronic wallets such as Neteller, Skrill, POLi, and FasaPay. FP Markets does not charge any deposit fees, and the processing time for deposits is usually instant or up to 1 business day, depending on the deposit method.
For withdrawals, clients can use the same methods they used for depositing, and FP Markets does not charge any fees for most withdrawal methods. Withdrawal processing times vary depending on the method used, with electronic wallets usually taking up to 24 hours, while bank transfers can take 3-5 business days. Clients are advised to verify their accounts before making a withdrawal to avoid any delays or complications in the withdrawal process. Additionally, FP Markets offers free internal transfers between accounts, making it easy for clients to manage their funds across multiple trading accounts.
Pros | Cons |
Fast processing times for deposits and withdrawals | Limited payment options compared to other brokers |
No fees for most deposit and withdrawal methods | High withdrawal fees for bank transfers |
Multiple currency options for account funding | No support for some popular payment methods |
Availability of convenient payment methods |
FP Markets offers a range of customer support options to its clients, including email, phone, live chat, and an online contact form. The broker also provides access to a range of educational resources and tools, including a knowledge base, video tutorials, webinars, and trading guides. Additionally, FP Markets offers multilingual support in several languages, including English, Chinese, Spanish, and Portuguese.
In addition, FP Markets has an extensive FAQ section on their website that covers a wide range of topics and can help clients find answers to their questions quickly. 24/7 customer support is a significant advantage for clients who may need assistance outside of regular business hours.
Pros | Cons |
24/7 customer support availability | Limited language support for customer service |
Multiple customer support channels (phone, email, live chat) | No dedicated account manager for clients |
Fast response times to customer inquiries and requests | No in-person support or local offices in some countries |
Extensive knowledge base and educational resources | Limited social media presence for customer support |
FP Markets offers a wide range of educational resources to help traders improve their knowledge and skills in trading. These resources include video tutorials, webinars, trading guides, and market analysis. The broker also provides a demo account for traders to practice their trading strategies without risking real money. Additionally, FP Markets has a blog section on its website, which covers various trading topics and market updates.
Overall, the educational resources provided by FP Markets are comprehensive and easily accessible to traders. The broker's commitment to educating its clients is commendable, and it shows that it values the success of its clients. However, some traders may find that resources are not sufficient for their needs, and may require more personalized educational support.
Pros | Cons |
Comprehensive educational resources | Some traders may require more personalized support |
Demo account available for practice | |
Regular webinars and market analysis | |
Blog section with trading insights |
To sum up, FP Markets is a reputable and well-regulated broker that offers a wide range of instruments for traders to choose from, including forex, stocks, commodities, cryptocurrencies, and more. The broker offers multiple account types, including demo, Islamic, and standard accounts, as well as various trading platforms such as MT4, MT5, and iRESS. FP Markets also provides 24/7 customer support and a comprehensive range of educational resources for traders of all levels. While there are some potential drawbacks such as non-trading fees and limited leverage for certain instruments, the overall trading experience with FP Markets is generally positive.
Question: Does FP Markets offer demo accounts?
Answer: Yes, FP Markets offers demo accounts which can be used for practicing trading strategies and familiarizing oneself with the trading platforms.
Question: What is the minimum deposit requirement at FP Markets?
Answer: The minimum deposit requirement at FP Markets is $100.
Question: What instruments can be traded at FP Markets?
Answer: FP Markets offers a wide range of instruments including forex, shares, indices, commodities, cryptocurrencies, and more.
Question: Does FP Markets offer Islamic accounts?
Answer: Yes, FP Markets offers Islamic accounts for clients who require them.
Question: What is the maximum leverage available at FP Markets?
Answer: The maximum leverage available at FP Markets varies depending on the regulatory jurisdiction. The Australian entity offers up to 1:500 leverage for forex trading, while the CySEC entity offers up to 1:30.
Question: What are the trading fees at FP Markets?
Answer: FP Markets charges spreads and commissions on trades, with the specific fees varying depending on the trading instrument and account type.
Question: What are the deposit and withdrawal options at FP Markets?
Answer: FP Markets offers a range of deposit and withdrawal options including bank transfers, credit/debit cards, e-wallets, and more.
Question: What kind of customer support is available at FP Markets?
Answer: FP Markets offers 24/7 customer support through various channels including live chat, email, and phone.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive icm-capital and fp-markets are, we first considered common fees for standard accounts. On icm-capital, the average spread for the EUR/USD currency pair is -- pips, while on fp-markets the spread is From 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
icm-capital is regulated by FCA,LFSA,AMF. fp-markets is regulated by ASIC,CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
icm-capital provides trading platform including ICM Zero,ICM Direct and trading variety including Forex, Metals, Futures , Shares, and Cash CFDs. fp-markets provides trading platform including Raw,Standard and trading variety including 70+ FX pairs, metals, indices, commodities.