AvaTrade vs FP Markets - Fees Review included
Which broker is better AvaTrade or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.06 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 7.07 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | FP Markets |
|---|---|---|
Overall |
4.6 |
4.6 |
4.7 |
4.7 |
|
4.4 |
4.7 |
|
4.4 |
4.6 |
|
Investment Instruments |
4.2 |
4.9 |
Platforms and Charting Tools |
4.6 |
4.7 |
Deposit and Withdrawal |
4.7 |
4.4 |
Research |
4.4 |
3.9 |
Education |
4.8 |
3.8 |
Support |
4.6 |
4.2 |
Bonuses |
3.9 |
2.1 |
|
|
|
AvaTrade vs FP Markets: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| AvaTrade | FP Markets | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | favorable trading conditions |
| a wide range of trading instruments | more than 10,000 trading instruments | |
| Swap-free account | investment opportunities: copy trading, MAM and PAMM | |
| Advanced copy trading tools | order execution speed is 40 ms | |
| A lot of educational content | ||
| Low fees | well-regulated broker | |
| Optioins trading | EAs and VPS | |
| Overall Cons | customer service efficiency and response time | complex verification process |
| There is no ECN account | ||
| Market maker(dealing desk) type of broker |
AvaTrade vs FP Markets: Safety and Regulation
| AvaTrade | FP Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,00 |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
Yes |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
AvaTrade vs FP Markets: Trading Conditions
| Trading Conditions | AvaTrade | FP Markets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1-400 |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
100+ |
10000+ |
Trading Accounts |
Standard, Professional account |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
EUR, USD |
AUD |
AvaTrade vs FP Markets: Fees
| AvaTrade | FP Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,9 |
1,1 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-1 |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
16,66 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs FP Markets: Trading Assets
| Asset Name | AvaTrade | FP Markets |
|---|---|---|
Overall |
1000+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
AvaTrade or FP Markets: Investment Programs
| Asset Name | AvaTrade | FP Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
Yes |
No |
Other |
Bonds |
Bond CFDs |
Trading Platforms: FP Markets or AvaTrade
| AvaTrade | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
No |
Others |
No |
Iress |
|
|
|
AvaTrade vs FP Markets: Deposit and Withdrawal Methods
| AvaTrade | FP Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
AvaTrade vs FP Markets: Research
| Research Type | AvaTrade | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
Yes |
AvaTrade vs FP Markets: Education
| Education Type | AvaTrade | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
FP Markets vs AvaTrade: Support
| Support Features | AvaTrade | FP Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
AvaTrade vs FP Markets: Forex Bonuses and Promo
| Promo | AvaTrade | FP Markets |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
No |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
||
|
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on AvaTrade
-
Comment
AvaTrade stands out from competitors due to its geographic range of regulation — the broker is licensed in Ireland, Australia, Japan, South Africa, and the UAE. Client funds are protected through segregated accounts. Customer support is available 24/7, but the platform’s user interface, especially the mobile version, needs updating. For beginners, educational resources are provided, including webinars and guides.
-
Comment
For passive investors, integration with DupliTrade — a trade-copying service — is available. Users can connect their accounts to the platform and follow strategies tested by other participants. The selection of signal providers is limited, but their data is transparent: performance, risk level, and number of followers are clearly shown. Access to the service is granted after opening an account with a minimum of $100.
-
Comment
Trading conditions at AvaTrade suit both conservative and active traders. Leverage up to 1:400 allows for scaling strategies, and the availability of swap-free accounts is beneficial for Islamic clients. The minimum lot is 0.01, which is convenient for cautious trades. However, customer support is not as fast as expected.
-
Comment
Among the 250+ available instruments, AvaTrade offers trading in currencies, cryptocurrencies, indices, metals, and stocks. The company is regulated by several authorities, including ASIC, FSA, FSCA, and the British Financial Services Commission. Support is available 24/7 and operates in 14 languages. On the downside, the web-based platform interface looks outdated and could use improvement.
-
Comment
I’ve used AvaTrade, and I really like its smooth interface and variety of trading options. The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible. I also appreciate the strong regulations, which add a sense of security. The only downside I noticed is that withdrawals can take a bit longer than expected, but overall, it’s been a solid experience.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.