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

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.

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

• 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

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• ASIC (Australia)
• CySec (Cyprus)
• FSA (St. Vincent and the Grenadines)

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• Competitive spreads From 0 pips
• MT4 and MT5 offered
• Over 10,000 + shares

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• 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

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

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• 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.

• 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
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

US, JP, BE, NZ, SY.

AF, SY, SO, SD, LY, NG, BI.

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

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

• No commission on their Standard Account
• $3 per side (lot) commission on their RAW Account

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract