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InvestinGoal » AvaTrade vs FP Markets: Comparison and Analysis

AvaTrade vs FP Markets: Comparison and Analysis

Written by Filippo Ucchino Publication Date Last Updated
Our verdict · CFD trading

AvaTrade and FP Markets are two great brokers in the UK for scalping and for automated trading, although neither of them is regulated in the UK. That said, AvaTrade is the better choice if you are looking for options and futures trading next to CFDs, a proprietary platform and an account held in more currencies (6 against 2), with fixed-spread and corporate accounts. FP Markets, on the other hand, gives access to more tradable symbols (10,000 against 1,250), allows high-frequency strategies and VPS hosting, and offers TradingView along with raw spread, ECN and managed accounts. AvaTrade is regulated by the CBI (Ireland), ASIC, CIRO and the JFSA, while FP Markets is regulated by CySEC and ASIC. Their EUR/USD costs are close (AvaTrade 9.00 USD per lot, FP Markets 9.50 USD). Both ask for a minimum deposit of 100.00 USD, cover CFDs on commodities, forex, indices and stocks, and run MetaTrader 4, MetaTrader 5 and cTrader. A demo account and copy trading accounts are open at both brokers.

AvaTrade

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Not regulated in your country AvaTrade has no licence from the regulator of the country this site is for, so local investor protections do not apply.
AvaTrade review ›
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

76% of retail investor accounts lose money when trading CFDs with this provider.

FP Markets

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Not regulated in your country FP Markets has no licence from the regulator of the country this site is for, so local investor protections do not apply.
FP Markets review ›
83CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

74.56% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders AvaTrade and FP Markets are best suited to, based on what each one actually offers in United Kingdom.
1 / 12

AvaTrade is better than FP Markets for professional traders, futures traders and options traders. FP Markets, on the other hand, is better for algo traders. Both are a good fit for scalpers, swing traders and news traders.

Best for
Overall score AvaTrade 82 -1 FP Markets 83
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise AvaTrade and the ones that supervise FP Markets.
2 / 12

Neither AvaTrade nor FP Markets is regulated in the UK. AvaTrade and FP Markets are both regulated by top-tier authorities, AvaTrade by CBI Ireland, ASIC (Australia) and the CIRO (Canada) and FP Markets by CySEC and ASIC (Australia).

Regulation
Section score AvaTrade 100 FP Markets 100
Tier-1 regulators
ESMA (European Union) i CBI (Ireland) CySEC (Cyprus)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that AvaTrade and FP Markets have in place to protect your money in United Kingdom.
3 / 12

Both AvaTrade and FP Markets offer segregated client funds and two-factor authentication. AvaTrade also offers additional money insurance.

Safety
Section score AvaTrade 74 Best FP Markets 66 -8
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 2005
Parent company i Ava Trade Ltd First Prudential Markets Pty Ltd
CEO i Dáire Ferguson Craig Allison
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i National Westminster Bank, J.P. Morgan SE N/A
Brand power
Number of customers worldwide i 9,000,000
Annual revenue i
Monthly website search traffic i 563.6K monthly visits

Costs

What we compare A comparison of what it costs to trade with AvaTrade and with FP Markets in United Kingdom, both on each trade and on holding the account.
4 / 12

AvaTrade and FP Markets are equally good for costs, since AvaTrade is cheaper on EUR/USD, at 9 USD per lot (against FP Markets' 9.5 USD). On the other hand, FP Markets has tighter S&P 500 CFD spreads, at 0.25 points (against AvaTrade's 0.5 points), and has tighter gold CFD spreads, at 0.25 points (against AvaTrade's 0.37 points). Neither AvaTrade nor FP Markets charges account maintenance fees or deposit fees.

Costs
Section score AvaTrade 61 FP Markets 59 -2
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free USD 6
EUR/USD average standard spread i
0.9 pips
1.2 pips
EUR/USD average raw spread i
0.1 pips
EUR/USD average fixed spread i
0.9 pips
EUR/USD total cost per lot i USD 9 USD 9.5
S&P 500 fees (CFD) i 0.5 points 0.25 points
Gold fees (CFD) i 0.37 points 0.25 points
Bitcoin fees (CFD) i USD 19.38
US stocks fees (CFD) i USD 2.6 USD 0.02
Fees on stocks
Stock fee type i Percentage, Spread Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i USD 1.75
Platform fees i
Fees on options
Options fees per contract i Free
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with AvaTrade and with FP Markets in United Kingdom, and of how many instruments each one gives access to.
5 / 12

AvaTrade is better than FP Markets for available markets, given that AvaTrade offers futures on commodities, crypto, forex and indices, which FP Markets does not, and offers options on forex, which FP Markets does not. Both AvaTrade and FP Markets offer CFDs on commodities, crypto, forex, indices and stocks.

Available markets
Section score AvaTrade 100 Best FP Markets 75 -25
Total tradable symbols i 1,250 10,000
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i Commodities, Crypto, Forex, Indices
Options i Forex
Assets you can own i

Platform

What we compare A comparison of the trading platforms that AvaTrade and FP Markets make available to their clients in United Kingdom.
6 / 12

AvaTrade is better than FP Markets for platforms, because AvaTrade offers a proprietary platform, social trading and AutoChartist, which FP Markets does not. AvaTrade and FP Markets both offer cTrader and MetaTrader 5.

Platform
Section score AvaTrade 94 Best FP Markets 86 -8
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of AvaTrade and FP Markets in United Kingdom, and of what each one lets you do from your phone.
7 / 12

FP Markets is better than AvaTrade for mobile trading, because FP Markets offers the cTrader app, a social trading app and a copy trading app, which AvaTrade does not. AvaTrade and FP Markets both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score AvaTrade 93 -7 FP Markets 100 Best
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that AvaTrade and FP Markets allow on their platforms in United Kingdom.
8 / 12

FP Markets is better than AvaTrade for trading features, as FP Markets offers negative balance protection and tier-1 liquidity providers, which AvaTrade does not, and allows for automated trading. Both AvaTrade and FP Markets offer trailing stops and API access.

Trading features
Section score AvaTrade 71 -16 FP Markets 87 Best
Trade execution
Broker type i Agency NDD
Average execution time i 40 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 25:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i 2:1 2:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at AvaTrade and at FP Markets in United Kingdom, and of who each one is meant for.
9 / 12

FP Markets is better than AvaTrade for account types, because FP Markets offers a managed account, an ECN account and an unlimited demo account, which AvaTrade does not. Both AvaTrade and FP Markets offer a demo account and a corporate account.

Account types
Section score AvaTrade 65 -3 FP Markets 68 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with AvaTrade and with FP Markets in United Kingdom.
10 / 12

AvaTrade and FP Markets are equally good for account opening, as AvaTrade offers 6 account base currencies (against FP Markets' 2), and credits deposits faster, within the same day (against FP Markets' 1 day). On the other hand, FP Markets supports e-wallets, which AvaTrade does not. Both require a minimum deposit of 100 USD.

Account opening
Section score AvaTrade 72 FP Markets 72
Minimum deposit i USD 100 USD 100
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i Neteller, Skrill
Local payment methods i
Account base currencies i AUD, EUR, GBP, JPY, USD, ZAR EUR, USD
Deposit waiting time i Instant up to 1 business days
Withdrawal waiting time i up to 1 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of AvaTrade and FP Markets in United Kingdom, in how it can be reached and how fast it answers.
11 / 12

FP Markets is better than AvaTrade for customer care, since FP Markets offers a dedicated account manager and priority support, which AvaTrade does not. Both AvaTrade and FP Markets offer phone support and live chat.

Customer care
Section score AvaTrade 67 -16 FP Markets 83 Best
Number of languages supported i 22 12
Website languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese
Website available in English i
Customer support languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that AvaTrade and FP Markets provide to their clients in United Kingdom.
12 / 12

FP Markets is better than AvaTrade for learning, since FP Markets offers professional reports and traders' sentiment, which AvaTrade does not. Both AvaTrade and FP Markets offer education for advanced traders and webinars.

Learning
Section score AvaTrade 83 -17 FP Markets 100 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
AvaTrade
Open Account 76% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets
Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

AvaTrade vs FP Markets: which one should you choose?

AvaTrade

CFD Choose AvaTrade, regulated by the CBI (Ireland) and ASIC, if you want a CFD and forex broker for options and futures trading, with a proprietary platform and fixed-spread accounts.

Open Account 76% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets

CFD Choose FP Markets, regulated by CySEC and ASIC, if you want an online CFD broker for high-frequency trading, with TradingView and a wide choice of markets.

Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.

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