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AvaTrade vs FP Markets: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

AvaTrade and FP Markets are two great brokers in Australia for scalping, automated trading and crypto trading. However, FP Markets is the better choice if you are looking for a lower minimum deposit (none against US$70.00), TradingView and more tradable symbols (10,000 against 1,250). AvaTrade is better because it has a lower EUR/USD cost (US$9.00 per lot against US$10.40) and a proprietary trading platform. FP Markets has faster deposits (3 days against 7 days), faster withdrawals (4 days against 10 days) and more account base currencies (11 against 3), and it executes orders in 48 ms. AvaTrade has fixed spread accounts, while FP Markets allows API access. Both AvaTrade and FP Markets are regulated by ASIC in Australia. They share scalping, hedging, expert advisors and VPS, and both offer a demo account without expiry.

AvaTrade

CFDCFD AvaTrade offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX AvaTrade offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country AvaTrade is allowed by ASIC to onboard clients residing in Australia.
AvaTrade review ›
82CFD/FXOverall score AvaTrade scores 82/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

FP Markets

CFDCFD FP Markets offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX FP Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country FP Markets is allowed by ASIC to onboard clients residing in Australia.
FP Markets review ›
83CFD/FXOverall score FP Markets scores 83/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Best for

What we compare A comparison of the kinds of traders AvaTrade and FP Markets are best suited to, based on what each one actually offers in Australia.
1 / 12

AvaTrade is better than FP Markets for high-volume traders, futures traders and options traders. Both are a good fit for professional traders, scalpers and swing traders.

Best for
Overall score AvaTrade 82 -1 FP Markets 83
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise AvaTrade and the ones that supervise FP Markets.
2 / 12

AvaTrade and FP Markets are both regulated in Australia, by ASIC.

Regulation
Section score AvaTrade 100 FP Markets 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that AvaTrade and FP Markets have in place to protect your money in Australia.
3 / 12

Both AvaTrade and FP Markets offer segregated client funds and two-factor authentication.

Safety
Section score AvaTrade 65 -1 FP Markets 66
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 2005
Parent company i Ava Group First Prudential Markets Pty Ltd
CEO i Dáire Ferguson Craig Allison
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i National Westminster Bank, J.P. Morgan SE N/A
Brand power
Number of customers worldwide i 9,000,000
Annual revenue i
Monthly website search traffic i 563.6K monthly visits

Costs

What we compare A comparison of what it costs to trade with AvaTrade and with FP Markets in Australia, both on each trade and on holding the account.
4 / 12

AvaTrade is better than FP Markets for costs, given that AvaTrade is cheaper on EUR/USD, at US$9 per lot (against FP Markets' US$10.4), does not charge US stock CFD fees (against FP Markets' US$0.02), and offers volume discounts, which FP Markets does not. Neither AvaTrade nor FP Markets charges account maintenance fees or deposit fees.

Costs
Section score AvaTrade 66 Best FP Markets 62 -4
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free US$6
EUR/USD average standard spread i
0.9 pips
1.29 pips
EUR/USD average raw spread i
0.19 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i US$9 US$10.4
S&P 500 fees (CFD) i 0.5 points 0.25 points
Gold fees (CFD) i 0.34 points 0.24 points
Bitcoin fees (CFD) i US$23.6
US stocks fees (CFD) i Free US$0.02
Fees on stocks
Stock fee type i Spread Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i Free
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with AvaTrade and with FP Markets in Australia, and of how many instruments each one gives access to.
5 / 12

AvaTrade is better than FP Markets for available markets, given that AvaTrade offers futures on commodities, crypto, forex and indices, which FP Markets does not, and offers options on forex, which FP Markets does not. Both AvaTrade and FP Markets offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.

Available markets
Section score AvaTrade 100 Best FP Markets 75 -25
Total tradable symbols i 1,250 10,000
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, ETF, Forex, Indices, Stocks Commodities, Crypto, ETF, Forex, Indices, Stocks
Futures i Commodities, Crypto, Forex, Indices
Options i Forex
Assets you can own i

Platform

What we compare A comparison of the trading platforms that AvaTrade and FP Markets make available to their clients in Australia.
6 / 12

AvaTrade is better than FP Markets for platforms, because AvaTrade offers a proprietary platform, social trading and copy trading, which FP Markets does not. AvaTrade and FP Markets both offer MetaTrader 5 and MetaTrader 4.

Platform
Section score AvaTrade 92 Best FP Markets 83 -9
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of AvaTrade and FP Markets in Australia, and of what each one lets you do from your phone.
7 / 12

AvaTrade is better than FP Markets for mobile trading, because AvaTrade offers a social trading app, a copy trading app and mobile trading signals, which FP Markets does not. AvaTrade and FP Markets both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score AvaTrade 100 Best FP Markets 86 -14
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that AvaTrade and FP Markets allow on their platforms in Australia.
8 / 12

FP Markets is better than AvaTrade for trading features, as FP Markets offers tier-1 liquidity providers and API access, which AvaTrade does not. Both AvaTrade and FP Markets offer negative balance protection and trailing stops.

Trading features
Section score AvaTrade 77 -6 FP Markets 83 Best
Trade execution
Broker type i Agency Hybrid
Average execution time i 48 ms
Slippage occurrence i
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i 2:1 2:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i US$1 US$1
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at AvaTrade and at FP Markets in Australia, and of who each one is meant for.
9 / 12

AvaTrade and FP Markets are equally good for account types, as AvaTrade offers a copy trading account and a fixed spread account while FP Markets offers an ECN account and a raw spread account. AvaTrade and FP Markets both offer a demo account and a professional traders account.

Account types
Section score AvaTrade 72 -2 FP Markets 74
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with AvaTrade and with FP Markets in Australia.
10 / 12

FP Markets is better than AvaTrade for account opening, since FP Markets does not require a minimum deposit (against AvaTrade's US$70), offers 11 account base currencies (against AvaTrade's 3), and supports e-wallets, which AvaTrade does not. Both AvaTrade and FP Markets offer credit cards and debit cards.

Account opening
Section score AvaTrade 62 -28 FP Markets 90 Best
Minimum deposit i US$70 US$0
Minimum withdrawal i US$0 US$0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill
Local payment methods i
Account base currencies i AUD, EUR, USD AUD, CAD, SGD, USD, EUR, GBP, HKD, JPY, NZD, CHF, PLN
Deposit waiting time i up to 7 business days up to 3 business days
Withdrawal waiting time i up to 10 business days up to 4 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of AvaTrade and FP Markets in Australia, in how it can be reached and how fast it answers.
11 / 12

FP Markets is better than AvaTrade for customer care, since FP Markets offers a dedicated account manager and call-back requests, which AvaTrade does not. Both AvaTrade and FP Markets offer phone support and live chat.

Customer care
Section score AvaTrade 67 -16 FP Markets 83 Best
Number of languages supported i 22 12
Website languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese
Website available in English i
Customer support languages i Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that AvaTrade and FP Markets provide to their clients in Australia.
12 / 12

FP Markets is better than AvaTrade for learning, since FP Markets offers professional reports and traders' sentiment, which AvaTrade does not. Both AvaTrade and FP Markets offer education for advanced traders and webinars.

Learning
Section score AvaTrade 83 -17 FP Markets 100 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
AvaTrade
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
FP Markets
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Our verdict

AvaTrade vs FP Markets: which one should you choose?

AvaTrade

CFD/FX Choose AvaTrade if you want an online CFD broker with a proprietary trading platform and fixed spread accounts.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
FP Markets

CFD/FX Choose FP Markets if you want a CFD/forex broker with no minimum deposit, TradingView and a wide choice of markets.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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