FP Markets vs AvaTrade | Our Analysis & Comparison in 2024

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FP Markets vs AvaTrade: In a Nutshell

FP Markets

FP Markets was established in 2005 in Australia but has become a global brand with multiple regulations across the world. Traders have access to trade more than 10,000 forex and CFDs on its 4 platforms; MT4, MT5, IRESS, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, etc.

FP Markets Overview
  • Founded In: 2005
  • Minimum Deposit: 100 AUD or equivalent.
  • Maximum Leverage: 500:1
  • Regulations: ASIC, CySEC, FSCA, FSA
  • Trading platform: MT4, MT5 and Ctrader 
  • Account Types: Islamic , Account Funding, Fund withdraw
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
  • US Traders: Not Accept

AvaTrade

AvaTrade is a global broker established in 2006. On its MetaTrader and proprietary platforms, you can trade over 1,000 forex, CFDs, and forex options. Social traders can trade via AvaSocial, DupliTrade, and ZuluTrade. AvaProtect, a market news feed, and Trading Central analyses are some of the tools available to traders.

AvaTrade at a Glance

AvaTrade at a Glance
  • Founded In: 2006
  • Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
  • Minimum Deposit: $100
  • Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
  • Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
  • Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
  • Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
  • Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
  • US Traders:  Not Accepted 

FP Markets vs AvaTrade: Pros and Cons

FP Markets

Pros
  • Regulated by ASIC, CySEC, FSCA, SVGFSA, AFS, FSP 
  • The Maximum leverage is 1:500
  • Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, IRESS
  • Hedging, Scalping, EA/Robot, and Copy trading are allowed 
  • Easy, Fast and Digital account opening
  • Offers passive investment programs like MAM, PAMM Accounts
  • Faster order execution (40ms) 
  • FP Markets offers consistently tighter spreads from 0.0 pips
Cons
  • No FCA regulation. 
  • The Minimum deposit is $100, which might be high for a beginner
  • High Stock CFD fees 
  • US traders are not accepted 
  • Only two types of accounts ( Standard, Raw) 

AxiTrader

Pros
  • Free deposit and withdrawal options
  • Great research tools
  • a wide range of trading instruments
  • ability to trade from mobile devices
  • Unique social trading features
  • Impressive educational offerings
  • Negative balance protection
  • Does not charge any fees for deposits or Withdrawals
  • Offers commission-free trading
  • Offers negative balance protection
  • Supports multiple trading platforms and EAs
Cons
  • High inactivity fees
  • Not regulated by the FCA
  • Does not accept U.S. clients
  • No guaranteed stop-loss
  • Do not have 24/7 customer support

FP Markets vs AvaTrade: Side-by-Side Comparison

FP Markets
AvaTrade
Product
Founded In
Founded In
2005
2006
Founded By
Founded By
Matthew Murphie
Negev Shekel Nosatzki
Headquarters
Headquarters
Sydney , Australia
Dublin, Ireland
Regulations
Regulations
ASIC, CySEC, FSCA, FSA
ASIC, FSCA, FSA, FFAJ ,CBI
Min Deposit
Min Deposit
$ 100 AUD or equivalent
$100
Max Leverage
Max Leverage
500:1
30:1
Tradable Assets
Tradable Assets
Forex,Shares,Metals,Commodities,Indice,Digital Currencies,Bonds,ETFs
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Fees
Fees
Spread from 1 pips (Standard)
As low as 0.9 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, WebTrader, TradingView
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
US Traders
US Traders
Not Allowed
Not Allowed

FP Markets Vs AvaTrade: Our Scores and Ratings

We rated both brokers, FP Markets and AvaTrade, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

FP Markets :

9.2
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9.5
Customer Support (10%)9.5
Trading Education (5%)9.6

AvaTrade

8.7
AvaTrade Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)7
Trading (15%)7.5
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9.2

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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