FP Markets
Visit

75.31% of retail CFD accounts lose money.

Vs.

AAATrade
Visit

83.72% of retail CFD accounts lose money.

FP Markets Vs. AAATrade - Compare and Choose the Right One

Updated May 23 2022

Visit

75.31% of retail CFD accounts lose money.

Visit

83.72% of retail CFD accounts lose money.

Overview

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

Best For
  • Professional traders looking for DMA pricing on their stocks
  • Professional traders looking to set up a dedicated VPS
  • High volume share traders that benefit from DMA pricing
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (St. Vincent and the Grenadines)
  • CySec (Cyprus)
The Good
  • Customisable or removable leverage
  • Broad asset offering (10,000 +)
  • Competitive forex commissions
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
The Bad
  • No ETFs are offered
  • Stock trading commissions are expensive when compared to similar brokers
  • Website is slow and confusing
  • Fees for the majority of deposit and withdrawal methods
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2005 2013
💳 Minimum Deposit
$100 $500
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Neteller
  • Skrill
  • FasaPay
  • PayTrust
  • China Union Pay
  • Bpay
  • Broker to broker
  • Sticpay
  • Plusdebit
  • Rupee Payments
  • Dragonpay
  • Perfect Money
  • Paylivre
  • Rapyd
  • Finrax
  • Fairpay
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 3 - USD, EUR, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, JP, BE, NZ, SY. US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.
📊 STP Account
Yes Yes
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and futures.
📙 Stocks
10,000 + 1,000+
📘 Currency Pairs
63 80+
📗 Commodities
15 4
📕 Indices
17 12
📔 ETFs
295 5
💸 Cryptocurrencies
11 50+
📒 Bonds
2 4
📓 Options
N/A N/A
📗 Futures
N/A 7
📝 Notes:
All FPMarkets assets are CFDs.

Almost all assets are CFDs, except for 45 blue chip stocks

Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) $1,000 (0.01 lots)
📉 Minimum Bonds Trade Size
N/A !00 Units
📈 Minimum Futures Trade Size
N/A $1,000 (0.01 lots)
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:200
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No

Yes, €15 after 3 months of inactivity.

💰 Deposit Fees
Yes depending on method (Eg: Not for credit cards)

Yes, from 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

💰 Withdrawal Fees
Yes depending on method (Eg: Not for credit cards)

No for debit/credit card and e-payment. Wire transfer has a €10 fee.

💰 Commissions

Commissions vary as follows:

  • Standard account has none
  • Raw account has a $3 per lot commission
  • For IRESS accounts there are various commission structures ranging from 0.1% to 0.08% with a minimum $10 charge.
  • No commissions on novice accounts.
  • Commission free trading for stock ETFs on Experienced accounts
  • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 2 Pips
📉 SP500
Dynamic - From 40 to 60 Pips Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 0 to 31 Pips Dynamic - From 95 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $0.21
📈 XLK (ETF - CFD)
N/A Dynamic - From $0.01
📉 BTC
Dynamic - From $9 to $21 Dynamic - From $511
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes (Partial)
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

By using TheTradingBible.com's website you agree to the use of cookies.