Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
CFI Markets
9.2
/10
VISIT CFI MARKETS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
FP Markets
8.2
/10
VISIT FP MARKETS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
CFI Markets is regulated by Financial Conduct Autority, CySEC, BaFIN. CFI Markets have provided Forex, CFD trading services since . |
FP Markets is regulated by ASIC. FP Markets have provided Forex, CFD trading services since 2005. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | Gregori Afxentiou 10 ave, Livadiotis Court 5, P.O.Box 6023, Larnaca, Cyprus | Sydney, Australia | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 27 | 60 | 48 | |
Commodities Offered | 0 | 18 | 21 | |
Stocks Offered | 0 | 10000 | 1606 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
75% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
Losses can exceed deposits |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | IRESS | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English |
English and Chinese |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
75% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
Losses can exceed deposits |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by CFI Markets and FP Markets |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
75% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
Losses can exceed deposits |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | None | 50 Lot | 100 Lot | |
Min deposit | $100 | $200 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | 1 business day | Same day if requested before 1PM | |
Withdrawal processing time | Varies | 1 business day | Same day if requested before 1PM | |
See all funding options
75% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
Losses can exceed deposits |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US, JP, NZ | US, JP, NZ | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | +357 24 400270 | 61 (0)2 8252 6800 | 44 2036953085 | |
Live Chat | ||||
Website | http://www.cfimarkets.com/ | http://www.fpmarkets.com.au/ | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | Not offered | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | Not offered | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | Not offered | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | Not offered | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | Not offered | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | Not offered | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | Not offered | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | Not offered | 0.1 pips | |
View all spreads
75% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
Losses can exceed deposits |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | No | Yes | Yes | |
Deposit Fee | Varies | Yes | No | |
Withdrawal Fee | No | No | No | |
View All Fees
75% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
Losses can exceed deposits |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from http://www.cfimarkets.com/. Last updated on 01/03/2021. |
All information collected from http://www.fpmarkets.com.au/. Last updated on 01/03/2021. |
All information collected from www.xtb.com. Last updated on 01/03/2021. |
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Company |
Bulbrokers is an online forex trading service provider who are regulated by the The Bulgarian Financial Supervision Commission. To open an account with Bulbrokers, minimum deposits start from $100. |
FP Markets is an online forex trading service provider who are regulated by the ASIC. To open an account with FP Markets, minimum deposits start from $200. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. CFI Markets
CFI Markets vs City Index |
Popular comparisons feat. FP Markets
ETX Capital vs Plus500 |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker that offers VIP accounts, CFI Markets may be the better option. However, if you want a broker with ECN execution, FP Markets may be more appropriate.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider CFI Markets and FP Markets to be equally reliable. We’ve broken down why below:
CFI Markets is regulated by Financial Conduct Autority, CySEC, BaFIN, while FP Markets is regulated by ASIC.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
CFI Markets has been around for 9 years, while FP Markets have been around for 16 years. Our third alternative broker, XTB, have been around for 19 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
CFI Markets uses tier one banks as their banking partner.FP Markets does not use tier one banks as their banking partner.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on CFI Markets or FP Markets in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
FP Markets is more popular with over 10,000 traders.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both CFI Markets and FP Markets are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
CFI Markets are based in Gregori Afxentiou 10 ave, Livadiotis Court 5, P.O.Box 6023, Larnaca, Cyprus, while FP Markets are based in Sydney, Australia .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both CFI Markets and FP Markets offer forex trading. FP Markets have a slightly larger variety of currency pairs with 60 pairs, compared to 27 offered by CFI Markets. Also, if you’re looking to trade cryptocurrencies,
Both CFI Markets and FP Markets allow you to trade commodities like gold, silver and crude oil.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both CFI Markets and FP Markets offer this. Our alternative broker, XTB, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. CFI Markets, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
CFI Markets does allow scalping and hedging. While FP Markets also allows scalping and hedging. You can trade with EAs (expert advisors) on both CFI Markets and FP Markets.
In terms of risk management tools, neither CFI Markets or FP Markets offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
CFI Markets also offer stop losses and limit orders to help you automate aspects of your trading strategy.
CFI Markets accept Paypal while FP Markets accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, CFI Markets charges points, while FP Markets charges 0.70 points. Therefore, CFI Markets is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FP Markets is more reliable based on our criteria above. CFI Markets has a wider range of instruments to trade. FP Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.