FP Markets
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74.34% of retail CFD accounts lose money.

Vs.

DEGIRO
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Investing involves risk of loss.

FP Markets Vs. DEGIRO - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Dec 11 2023

Visit

74.34% of retail CFD accounts lose money.

Visit

Investing involves risk of loss.

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.

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

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
  • Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
  • Active traders that look to access the large variety of exchanges offered
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

2

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (St. Vincent and the Grenadines)
  • BaFin (Germany)
  • AFM (Netherlands)
The Good
  • Competitive spreads From 0 pips
  • MT4 and MT5 offered
  • Over 10,000 + shares
  • No conflicts of interest between DEGIRO and its customers
  • Virtually unlimited asset offering from 50 exchanges across the globe
  • Low fees when compared to traditional banking alternatives
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
  • Credit card deposits are not available
  • Simplistic platforms with not many features
  • Fees are expensive when compared to commission free brokers
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 2008
💳 Minimum Deposit Range
$100 0
💰 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
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 3 - USD, GBP, EUR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, JP, BE, NZ, SY.

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Equities
Total Asset Offering
10,403 292,230
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
10,000 25,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
63 5
📗 Commodities
0 0
📗 Commodities CFDs
15 0
📕 Indices
0 0
📕 Indices CFDs
17 25
📔 ETFs
0 0
📔 ETFs CFDs
295 6,700
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
11 0
📒 Bonds
0 0
📒 Bonds CFDs
2 500
📓 Options
0 0
📓 Options CFDs
0 250,000
📗 Futures
0 0
📗 Futures CFDs
0 10,000
Trading Experience
📈 Minimum Stock Trade Size
Variable Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Unavailable Unavailable
📉 Minimum FX Trade Size
$1,000 - (0.01 Lots) Unavailable
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) Unavailable
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 Unavailable
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

None
💰 Withdrawal Fees
None None
💰 Commissions
  • No commission on their Standard Account
  • $3 per side (lot) commission on their RAW Account

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Unavailable
📉 SP500
Dynamic - From 40 to 60 Pips Unavailable
📈 GOLD
Dynamic - From 0 to 31 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From $9 to $21 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
Yes No
📡 Video Tutorials
Yes No
📡 Account Management
Yes No
📡 Webinars
Yes No