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AvaTrade vs FP Markets 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between AvaTrade and FP Markets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, AvaTrade ranks more highly than FP Markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingAvaTradeFP MarketsIG
Overall Rating8.2 / 108.3 / 109.7 / 10
Account TypeAvaTradeFP MarketsIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesYesNo
Copy TradingAvaTradeFP MarketsIG
Social Trading / Copy TradingYesYesYes
DupliTradeYesNoNo
ZuluTradeYesNoNo
CryptocurrencyAvaTradeFP MarketsIG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)AvaTradeFP MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)AvaTradeFP MarketsIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsAvaTradeFP MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingYesNoYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesYesYes
ETFNoNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsAvaTradeFP MarketsIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesAvaTradeFP MarketsIG
Tier-1 Licenses417
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesNoNo
FCA Authorised (U.K.)NoNoYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)NoNoYes
Tier-2 Licenses322
Tier-3 Licenses101
Research, EducationAvaTradeFP MarketsIG
Trading Central (Recognia)YesNoNo
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesYesYes
AutochartistNoYesYes
Investor Dictionary (Glossary)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesYesYes
Trading CostsAvaTradeFP MarketsIG
Minimum Initial Deposit$100$100 AUD£250.00
Average Spread EUR/USD - Standard0.91 (Aug 2020) 1.2 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.61 (Aug 2020)0.7 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesYesYes
Trading ToolsAvaTradeFP MarketsIG
Watchlists - Total Fields6714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)903033
Mobile Charting - Indicators / Studies73MetaTrader (Default)33
Trust FactorsAvaTradeFP MarketsIG
Year Founded200620051974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionYesYesYes
Trust Score938699
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AvaTrade vs FP Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs FP Markets.

Can I trust AvaTrade?

AvaTrade has a trust score of 93, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust FP Markets?

FP Markets has a trust score of 86, giving it a "Trusted" trust label.

Is AvaTrade a good broker?

AvaTrade is a well-rounded, trusted broker that offers excellent educational resources and great social copy trading tools. AvaTrade's commissions and market research are close to the industry average, and traders gain access to AvaTrade's proprietary platforms as well as third-party favorites like MetaTrader.

Is FP Markets a good broker?

FP Markets features excellent pricing, thanks to its highly competitive spreads for forex and CFD trading on MT4. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. AvaTrade is ASIC Authorised (Australia), IIROC Authorised (Canada), CBI Authorised (Ireland) and FSA Authorised (Japan), while FP Markets is ASIC Authorised (Australia)., neither have SFC Authorised (Hong Kong), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland), FCA Authorised (U.K.) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, AvaTrade is CySEC Authorised (Cyprus), ISA Authorised (Israel), FSCA Authorised (South Africa) and DFSA / Central Bank Authorised (UAE), while FP Markets is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses AvaTrade is FSC Authorised (British Virgin Islands), while FP Markets is none., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms AvaTrade supports a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade, whereas FP Markets supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader

Does AvaTrade offer MetaTrader? Does FP Markets offer MetaTrader?

Both AvaTrade and FP Markets offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do AvaTrade and FP Markets differ in terms of minimum deposit? What about average spreads and funding options?

AvaTrade requires a minimum deposit of $100, while FP Markets requires a minimum deposit of $100 AUD. From our testing we found AvaTrade offers spreads of 0.91 (Aug 2020) , while FP Markets offers spreads of 1.2 (August 2022). Both AvaTrade and FP Markets offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, AvaTrade or FP Markets?

AvaTrade offers a more diverse selection of investment options than FP Markets allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD)., neither have ETF Looking at total tradeable symbols, AvaTrade has 1260, compared to 9956 from FP Markets.

Can I trade cryptocurrency with AvaTrade or FP Markets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither AvaTrade nor FP Markets allow you to trade physical cryptocurrencies.

Who offers more research tools, AvaTrade or FP Markets?

In terms of research and research tools AvaTrade gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison FP Markets has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.

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