IFC Markets vs FP Markets
IFC Markets or FP Markets – which is better for UK traders 2024? Compare IFC Markets and FP Markets in this detailed breakdown of their platforms, features and fees.
| IFC Markets | FP Markets |
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| IFC Markets is ranked #93 among CFD brokers. | FP Markets is ranked #73 among CFD brokers. |
| IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics. | 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 | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1, ¥100 | $40 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| BVI FSC, SC, Labuan Financial Services Authority | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| Yes | 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 | |
| No | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | 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 | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | 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 | |
| Yes (APIs) | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Follow and profit from top traders using IFC Market's copy solution. | 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 | |
| Yes | Yes |
| Trade Signals | |
| Yes (Via Chartist Software) | |
| 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 | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400. | 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 | |
| 300 | 1.64 |
| GBPUSD Spread< | |
| 3 | 1.9 average |
| Oil Spread | |
| 12 | 0.04 |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen. | 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 | |
| 50 | 70+ |
| GBPUSD Spread | |
| 3 | 0.2 |
| EURUSD Spread | |
| 1.8 | 0.1 |
| EURGBP Spread | |
| 1.8 | 0.3 |
| Currency Indices | |
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| Cryptocurrency | |
| IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies. | 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 | |
| 50 pips | 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 |
| IFC Markets | FP Markets |
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IFC Markets vs |
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