Gann Markets vs FP Markets
Gann Markets or FP Markets – which is better for UK traders 2024? Compare Gann Markets and FP Markets in this detailed breakdown of their platforms, features and fees.
| Gann Markets | FP Markets |
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| Gann Markets is ranked #91 among CFD brokers. | FP Markets is ranked #71 among CFD brokers. |
| Gann Markets is a forex and CFD broker founded in 2018 and based in Montenegro. The broker offers Standard and ECN accounts with access to 150+ instruments. Registered offshore in St. Vincent and the Grenadines, Gann Markets aims to offer straightforward tools and fast funding for both novices and experienced traders. | Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Commodities, Cryptos, Stocks, Indices | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $40 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| Android | iOS & Android |
| Trading App | |
FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Copy trading signals available via the MT4 platform. Multiple traders and strategies can be followed. Users can also set risk management controls and retain access to their funds. | FP Markets introduced a proprietary social copy trading platform, alongside access to the MetaTrader signals market. These offerings, coupled with support for Myfxbook, establish FP Markets as an excellent option for social copy trading, even if the system is less intuitive compared to cTrader Copy. |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| MT4 | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Access 5 asset classes via CFDs with commissions of $7 per round lot in the ECN account. Traders can enjoy fee-free deposit and withdrawals, ideal for active traders. Users also get reliable trading software. | FP Markets offers CFD trading on a first-rate selection of financial markets, spanning stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. With tight spreads, fast execution speeds, leverage up to 1:500 and top-tier liquidity, short-term traders get an efficient and seamless trading experience. |
| Leverage | |
| 1:400 | 1:30 (UK), 1:500 (Global) |
| FTSE Spread | |
| 17 | 1.64 |
| GBPUSD Spread< | |
| 7 | 1.9 average |
| Oil Spread | |
| 25 | 0.04 |
| Stocks Spread | |
| From 1 | Variable |
| Forex | |
| Trade a reasonable selection of 38 currency pairs with typical spreads from 1 pip. Standard account users can start with a $0 minimum deposit and very high 1:400 leverage. | FP Markets stands out as an excellent option for forex traders, boasting a selection of over 70 currency pairs covering a wide range of currencies, especially since expanding its choice of exotics. With average spreads of just 0.1 on the EUR/USD in its Raw account, the broker provides competitive pricing for traders. |
| Assets | |
| 38 | 70+ |
| GBPUSD Spread | |
| 7 | 0.2 |
| EURUSD Spread | |
| 1 | 0.1 |
| EURGBP Spread | |
| 7 | 0.3 |
| Currency Indices | |
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| Cryptocurrency | |
| Trade 10 of the world's most popular digital assets including BTC/USD. Beginners can also replicate other crypto positions using the platform's copy-trading feature. | FP Markets supports CFDs on popular cryptos including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Yet while you can speculate on price movements through CFDs, direct ownership of coins is not supported. FP Markets also doesn’t add up-and-coming tokens for crypto enthusiasts on the pulse. |
| Spread | |
| From 147 | 17.3 (Bitcoin) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Gann Markets | FP Markets |
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