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    FP Markets
    Visit

    74.34% of retail CFD accounts lose money.

    Vs.

    ForexVox
    Visit

    61% of retail CFD accounts lose money.

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

    Updated Apr 29 2024

    Visit

    74.34% of retail CFD accounts lose money.

    Visit

    61% 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.

    ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

    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
    • Experienced traders that look for an ECN account offering with commissions
    • Currency traders
    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

    1

    Other Licenses

    1

    Provided by
    TheTradingBible.com

    Learn More
    πŸ› Financial Regulators
    • ASIC (Australia)
    • CySec (Cyprus)
    • FSA (St. Vincent and the Grenadines)
    • FCA (United Kingdom)
    • FSAS (Seychelles)
    The Good
    • Competitive spreads From 0 pips
    • MT4 and MT5 offered
    • Over 10,000 + shares
    • FCA Regulation and being a trading name of ValuTrades (founded in 2012)
    • Scalping is allowed
    • Ecn account offered
    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
    • Poor asset offering (less than 100 instruments)
    • Low platform offering (only MT4 and MT5 available)
    • Client area lacks usability
    • Average spreads are high
    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
    βŒ› Account Opening Time
    1 day 1 hour
    πŸ“‹ 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.

    πŸ“ Year Founded
    2005 2020
    πŸ’³ Minimum Deposit Range
    $100 0
    πŸ’° 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
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • UnionPay
    • USDT (Tether)
    • Bank Transfer
    • SticPay
    πŸ’΅ Account Base Currencies
    10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 3 - EUR, USD, GBP.
    πŸ—½ Available to U.S Citizens
    No No
    ❌ Restricted Countries

    US, JP, BE, NZ, SY.

    US, CA, SY, IR.

    πŸ“Š STP Account
    Yes Yes
    πŸ“Š DMA Account
    Yes No
    πŸ“Š ECN Account
    Yes Yes
    Banking License
    No No
    Debit Card
    No No
    Assets
    πŸ“š Assets Type
    CFDs CFDs
    Total Asset Offering
    10,403 104
    Exchange Access
    0 0
    πŸ“™ Real Stocks
    0 0
    πŸ“™ Stock CFDs
    10,000 0
    πŸ“˜ Currency Pairs
    0 0
    πŸ“˜ Currency Pair CFDs
    63 74
    πŸ“— Commodities
    0 0
    πŸ“— Commodities CFDs
    15 3
    πŸ“• Indices
    0 0
    πŸ“• Indices CFDs
    17 15
    πŸ“” ETFs
    0 0
    πŸ“” ETFs CFDs
    295 0
    πŸ’Έ Cryptocurrencies
    0 0
    πŸ’Έ Cryptocurrency CFDs
    11 5
    πŸ“’ Bonds
    0 0
    πŸ“’ Bonds CFDs
    2 0
    πŸ““ Options
    0 0
    πŸ““ Options CFDs
    0 0
    πŸ“— Futures
    0 0
    πŸ“— Futures CFDs
    0 7
    Trading Experience
    πŸ“ˆ Minimum Stock Trade Size
    Variable Unavailable
    πŸ“‰ Minimum ETFs Trade Size
    Unavailable Unavailable
    πŸ“ˆ Minimum Crypto Trade Size
    Unavailable Unavailable
    πŸ“‰ Minimum FX Trade Size
    $1,000 - (0.01 Lots) $1,000 (0.01 Lots)
    πŸ“ˆ Minimum Commodities Trade Size
    Varies by Commodity (Eg: 0.01 Troy ounces of Gold) $1,000 (0.01 Lots)
    πŸ“‰ Minimum Bonds Trade Size
    Unavailable Unavailable
    πŸ“ˆ Minimum Futures Trade Size
    Unavailable $1,000 (0.01 Lots)
    πŸ“‰ Minimum Options Trade Size
    Unavailable Unavailable
    πŸ’ͺ Retail Leverage
    30 30
    πŸ’ͺ Professional Leverage
    500 500
    ✍ Customisable Leverage
    Yes Yes
    🎲 Deleveraged Trading
    Yes No
    πŸŽ“ Demo Account
    Yes Yes
    πŸ“± IOS App
    Yes No
    πŸ“± Android App
    Yes No
    πŸ“Ί MetaTrader 4
    Yes Yes
    πŸ“Ί MetaTrader 5
    Yes Yes
    πŸ“Ί cTrader
    No No
    πŸ’» Web trader
    Yes Yes
    πŸ’» TradingView Platform
    No No
    πŸ’» Proprietary Platform
    Yes No
    πŸ“Š Multi-chart Tools
    Yes Yes
    πŸ‘¬ Copy Trading
    Yes No
    πŸ‘« Social Trading
    Yes Yes
    πŸ”‘ Guaranteed Stop-loss
    No No
    πŸ”¨ Trailing Stop-loss
    Yes Yes
    Fees
    πŸ’° Inactivity Fee
    None None
    πŸ’° Deposit Fees
    None None
    πŸ’° Withdrawal Fees

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

    None
    πŸ’° Commissions
    • No commission on their Standard Account
    • $3 per side (lot) commission on their RAW Account
    • No commissions on their standard account
    • A $7 per lot round turn commission on their ECN account
    Spreads
    πŸ“ˆ EUR/USD
    Dynamic - From 0 to 1.2 Pips Dynamic - From 1 Pip
    πŸ“‰ SP500
    Dynamic - From 40 to 60 Pips Dynamic - From 135 Pips
    πŸ“ˆ GOLD
    Dynamic - From 0 to 31 Pips Dynamic - From 16 Pips
    πŸ“‰ TSLA (Stock CFD)
    Dynamic - Market Spread Unavailable
    πŸ“ˆ XLK (ETF - CFD)
    Unavailable Unavailable
    πŸ“‰ BTC
    Dynamic - From $9 to $21 Unavailable
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    πŸ”­ Stock Screener
    No No
    πŸ—“ Economic Calendar
    Yes No
    πŸ“œ Integrated Newsfeed
    No Yes
    πŸ“‘ Reuters Feed
    No No
    πŸ“‘ Educational Content
    Yes Yes
    πŸ“‘ Live Chat Support
    Yes Yes
    πŸ“‘ Video Tutorials
    Yes Yes
    πŸ“‘ Account Management
    Yes No
    πŸ“‘ Webinars
    Yes No