FP Markets vs. Interactive Brokers Comparison

This contrast overview helps users that have a hard time to pick between FP Markets and Interactive Brokers to locate the most effective online broker for their trading and financial investment demands. It evaluates the highlights of the two brokers alongside to aid customers compare their solution and make an educated decision.

To aid individuals choose the appropriate broker in between FP Markets and Interactive Brokers to find the best-suited system, listed below is a listing of broker’s benefits and drawbacks, followed by a contrast of their primary trading attributes, consisting of trading platforms & devices, charges, mobile trading, deposit & withdrawal, possessions, policy, and consumer support.

FP Markets vs. Interactive Brokers: Summary

FP Markets logo

FP Markets is a multi-asset broker regulated by two tier-one regulators (the CySEC and ASIC). It offers access to over 10,000 tradable symbols across a variety of markets including forex, shares, commodities, cryptocurrencies and CFDs. FP Markets charges low spreads from 0.1 pips (EUR/USD) on their cTrade and MetaTrader accounts without any commission. The broker also offers negative balance protection, up to 30:1 leverage and access to a free NY4 VPS server.

The minimum deposit at FT Markets is $100. Their customer service is available 24/7 by phone, email and live chat.

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

Pros

  • Low minimum deposit ($100)
  • Low spreads from 0,0 pips EUR/USD
  • Compatibility with MT4, MT5 and cTrader
  • Free VPS server
  • Fast account opening

Cons

  • Only CFD and forex trading
  • Demo account is not unlimited

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

Key features

  • Access to 10,000 tradable symbols (CFDs on forex, stocks, ETFs..)
  • Compatibility with MT4, MT5 and cTrader
  • MAM/PAMM accounts availability
  • Islamic account availability
  • Excellent copy trading features (Myfxbook Autotrade)
  • Wide range of advanced trading tools (Autochartist, Traders Toolbox)

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

FP Markets vs. Interactive Brokers Comparison

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FP Markets logo

FP Markets

Open account Read review

75.31% of retail CFD accounts lose money

Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

FP Markets logo
Interactive Brokers

Overall rating

4,3/5

4,9/5

Overall rating

4,3/5

4,9/5

Trading Platform & Tools

4.2

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

4.9

See details
Withdrawal Fee 0 0
Deposit Fee 0 1%
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) $3 per lot per trade + 0 pips 0.2 pips + 0.08 to 0.20 bps times trade size comission
Stocks & ETF 0.13 pips $ 0.005 per share
CFD (Gold) 0.13 pips 0.02%
Crypto 9.13 pips 0.12% to 0.18% of trade value
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.1

4.9

See details
Minimum deposit (in UAE) 0 $0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.1

4.9

See details
Shares 0 16.500
ETF & Funds 0 35.000
Crypto 0 4
Commodities 0 1
Indices 0 3052
Options 0 50.000
Futures 0 245
Bonds 0 1.000.000
Forex Instruments 63 115
CFD Indices & Funds 14 13
CFD Stocks 9000 8.000
CFD Commodities 10 2
CFD Crypto 4 0
CFD Bonds 2 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

FP Markets vs. Interactive Brokers Comparison Conclusion

The results of our contrast of FP Markets vs. Interactive Brokers are involved the table listed below.

Broker:Best For:
FP MarketsForex and CFD trading with low fees
Interactive BrokersStocks and ETFs

Selecting the best selection between FP Markets and Interactive Brokers can be challenging. Both on-line brokers have resemblances however vary relating to trading instruments, systems & apps, law, deposit & withdrawals, and research study and education. Selecting the very best broker depends on users’ trading & financial investment goals, individual preferences, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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