Page Summary
Interactive Brokers and FP Markets are top online brokers with premium trading experiences. Interactive Brokers has competitive fees with a minimum deposit of $0. It offers a proprietary platform and a professional app with access to a demo account. Interactive Brokers has a top-tier license from the IIROC, SFC, FINMA, SFC, FSA, MAS, FCA, and CFTC. We recommend it for active traders who want access to useful trading tools.
FP Markets is a MetaTrader broker with a transparent fee structure. It has a top-tier license from the ASIC. FP Markets offers many educational resources, including beginner trading videos. It is a good choice for new traders.
Both online brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and FP Markets.
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Interactive Brokers
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.
FP Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | $3 per lot per trade + 0 pips |
| Stocks & ETF | $ 0.005 per share | 0.13 pips |
| CFD (Gold) | 0.02% | 0.13 pips |
| Crypto | 0.12% to 0.18% of trade value | 9.13 pips |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| 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
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 0 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 63 |
| CFD Indices & Funds | 13 | 14 |
| CFD Stocks | 8.000 | 9000 |
| CFD Commodities | 2 | 10 |
| CFD Crypto | 0 | 4 |
| CFD Bonds | 0 | 2 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. FP Markets review:
- Interactive Brokers offers premium trading tools and platforms.
- FP Markets is a MetaTrader Broker with valuable educational materials.
- Both brokers have an active trader discount and a virtual trading account.
We recommend Interactive Brokers to traders at all levels as it has many research tools. FP Markets is a better choice for beginners, as it has an excellent learning center.
Level of experience
Interactive Brokers is a good fit for professionals, as it has access to Trading Central. It offers some educational tools, including webinars and forex news. Interactive Brokers has a demo account to test its platforms.
FP Markets is a safe online broker with straightforward tools for beginner traders. It has the MetaTrader suite and a virtual trading account. FP Markets has valuable educational materials, including beginner trading videos and forex education.
Fees
The minimum initial deposit at FP Markets is $100 AUD, while Interactive Brokers doesn’t charge a fee. Both brokers follow a transparent fee policy and offer an active trader discount.
Assets
Interactive Brokers offers 105 forex currency pairs, while FP Markets has 61 available pairs. FP Markets provides access to 8908 CFDs, while Interactive Brokers has 7400 available CFDs.
Trading platform
Interactive Brokers provides a premium trading experience with web and desktop platforms. It has access to some educational materials, including webinars and professional trading videos. This broker is a top choice for traders of all levels of experience who want to improve their trading knowledge.
FP Markets has access to the entire MetaTrader suite. It offers competitive prices and reliable learning tools. FP Markets is a good fit for new traders, as it has many trading tools. It offers watch lists, charting, and trading videos.
Banking services
Banking services are important for a good online trading experience. Interactive Brokers has bank transfers as its funding option. FP Markets offers bank transfers, credit/debit cards, PayPal, and Skrill.
Final verdict
Interactive Brokers and FP Markets are top online brokers. Both have strengths and weaknesses depending on your trading needs and experience. Interactive Brokers is a good choice for experienced traders, as it offers premium tools and services. We recommend FP Markets for new investors because of its comprehensive learning materials.
Interactive Brokers compared to other brokers: