No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between Plus500 and FP Markets ?
In the table below, you can compare the features of Plus500 , 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 plus500, 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:
Plus500 Review Summary of 10 Points | |
Founded | 2008 |
Headquarters | Israel |
Regulation | FCA, CySEC, ASIC, FMA, MAS |
Market Instruments | forex, cryptocurrencies, stocks, indices, commodities, and options |
Demo Account | Available |
Leverage | 1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks) |
EUR/USD Spread | 0.5 pips |
Trading Platforms | own proprietary trading platform (desktop, web, and mobile) |
Minimum deposit | $/€/£100 |
Customer Support | 24/7 email, WhatsApp and live chat |
Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.
Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).
Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.
However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.
Pros | Cons |
• Simple and easy-to-use trading platform | • Limited product offering |
• Commission-free trading | • Limited research and educational tools |
• Tight spreads | • No support for MetaTrader platform |
• Negative balance protection | • Limited customer support options |
• Regulated by reputable financial authorities | • No phone support |
• Free demo account | • Withdrawal fees for some payment methods |
• Limited trading tools and features |
Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.
There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:
eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.
IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
It's important to do your own research and compare the features and fees of different brokers before making a decision.
Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.
Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:
Protection Measure | Detail |
Segregated Funds | Client funds are kept separate from company funds |
Negative Balance Protection | Clients can't lose more than their account balance |
Risk Management Tools | Stop loss, limit order and other tools to help manage risk |
Account Verification | Rigorous account verification process to prevent fraud and unauthorized access |
SSL Encryption | Secure Socket Layer (SSL) encryption used for all communication and data transfer |
Regulatory Oversight | Regulated by multiple reputable financial authorities |
Investor Compensation Fund | Eligible clients may receive compensation in the event of insolvency or bankruptcy |
Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.
Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.
However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.
Plus500 offers a wide range of trading instruments including:
Forex pairs - major, minor, and exotic currency pairs
Stocks - CFDs on stocks from various international markets
Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more
Commodities - CFDs on precious metals, energies, and agricultural products
Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more
Plus500 offers two types of accounts: a live trading account and a demo account.
The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.
The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.
Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.
For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.
It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.
Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Plus500 | 0.5 pips | No |
eToro | 1.0 pips | No |
IG | 0.75 pips | Yes |
XM | 1.6 pips | No |
Pepperstone | 0.16 pips | Yes |
IC Markets | 0.1 pips | Yes |
Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.
The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.
The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.
Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:
Broker | Trading Platforms |
Plus500 | Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app |
eToro | eToro WebTrader, eToro mobile app |
IG | IG Trading Platform, IG mobile app |
XM | MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app |
Pepperstone | MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app |
IC Markets | MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app |
Plus500 offers several deposit and withdrawal methods, including:
Credit/debit card (Visa or Mastercard)
PayPal
Bank transfer
Electronic wallets (Skrill, Neteller)
It's worth noting that the availability of certain payment methods may vary depending on your location.
Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.
The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.
Plus500 | Most other | |
Minimum Deposit | $/€/£100 | $/€/£100 |
To withdraw funds from Plus500, you need to follow these steps:
Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.
Step 2: Click on “Withdrawal” and select your preferred withdrawal method.
Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.
Step 4: Click on “Submit” to initiate the withdrawal process.
It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.
Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.
The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.
It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.
Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Plus500 | Free | $5-$10 | $10/month |
eToro | Free | $5 | $10/month |
IG | Free | Free | $18/month |
XM | Free | Free | $5/month |
Pepperstone | Free | Free | $0 |
IC Markets | Free | $3.5 | $0 |
Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.
You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.
Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.
Pros | Cons |
• 24/7 customer support via live chat | • No phone support available |
• Multilingual support | • Sometimes response is not prompt |
• User-friendly help center and FAQ section |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.
Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.
Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.
However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.
In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.
Q 1: | Is Plus500 regulated? |
A 1: | Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS. |
Q 2: | Does Plus500 offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Plus500 offer industry-standard MT4 & MT5? |
A 3: | No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile). |
Q 4: | What is the minimum deposit for Plus500? |
A 4: | The minimum initial deposit to open an account is $/€/£100. |
Q 5: | Is Plus500 a good broker for beginners? |
A 5: | Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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 plus500 and fp-markets are, we first considered common fees for standard accounts. On plus500, 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.
plus500 is regulated by ASIC,FSA,CYSEC,FCA,FMA,MAS. 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.
plus500 provides trading platform including -- and trading variety including --. fp-markets provides trading platform including Raw,Standard and trading variety including 70+ FX pairs, metals, indices, commodities.