S.A.M Trade vs FP Markets
S.A.M Trade or FP Markets – which is better for UK traders 2024? Compare S.A.M Trade and FP Markets in this detailed breakdown of their platforms, features and fees.
| S.A.M Trade | FP Markets |
|---|---|
 |
 |
|
|
| S.A.M Trade is ranked #91 among CFD brokers. | FP Markets is ranked #71 among CFD brokers. |
| S.A.M Trade is an STP/ECN broker that was established in 2015. The firm provides an impressive range of features and accounts to adapt to different needs, whilst its several rewards and bonus programmes will motivate traders of all levels. The company has used this ethos to obtain more than 200,000 clients and regulation from the ASIC. | 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 | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $40 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC, ASIC, FINTRAC | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| iOS & 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. |
|
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| 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 | |
| Yes | Yes |
| ECN Account | |
| Yes | 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 | |
| Yes | 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 | |
| The CopySam™ system offers straightforward copy trading across accounts with 10% to 40% profit sharing and a $100 minimum investment. | 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 | |
| Yes | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $50 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Commodities | |
|
|
| CFD | |
| S.A.M Trade offers a limited selection of 70 CFD products, with only two commodities and zero shares. However, we were impressed to see 17 of the world's most popular indices and leverage up to 1:500. | 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 | |
| 1:1000 | 1:30 (UK), 1:500 (Global) |
| FTSE Spread | |
| 50 | 1.64 |
| GBPUSD Spread< | |
| 2.4 - 2.6 | 1.9 average |
| Oil Spread | |
| 5.0 cents | 0.04 |
| Stocks Spread | |
| NA | Variable |
| Forex | |
| S.A.M Trade offers 30 currency pairs and we found that all majors and most minors are offered via both STP and ECN execution systems. You can trade currency pairs on the MT4 platform with powerful charting and analysis tools. | 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 | |
| 30 | 70+ |
| GBPUSD Spread | |
| 2.4 - 2.6 | 0.2 |
| EURUSD Spread | |
| 1.7 - 2.0 | 0.1 |
| EURGBP Spread | |
| 2.4 - 2.7 | 0.3 |
| Currency Indices | |
|
|
| Cryptocurrency | |
| S.A.M Trade supports cryptocurrencies more than most brokers we see. Traders can access 20 different DeFi instruments, including crypto-crypto pairs and crypto-fiat pairs. | 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 | |
| Variable | 17.3 (Bitcoin) |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| S.A.M Trade | FP Markets |
| More Comparisons | |
|
S.A.M Trade vs |
FP Markets vs |