Higher Rated
AvaTrade
Capital at risk · T&Cs apply
In the financial trading landscape, AvaTrade and FP Markets are two prominent brokers, each catering to different trader needs. AvaTrade, with a rating of 3.98/5, is headquartered in Dublin and appeals to traders seeking a broad range of markets without commission fees, although it offers only CFDs for stock trading. On the other hand, FP Markets, rated 3.84/5 and based in Sydney, targets cost-conscious traders with its competitive spreads starting from 0.0 pips on Raw accounts, although it charges a commission. AvaTrade's extensive regulatory coverage and educational resources make it ideal for beginners, while FP Markets' advanced trading tools and lower spreads are attractive to more experienced traders.
AvaTrade
FP Markets
| AvaTrade | FP Markets | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.8/5 |
| Min. Deposit | $100 | $100 |
| Spread from | 0.9 pips | 0 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
AvaTrade is the better choice overall, scoring 4.0/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowAvaTrade
WinnerFP Markets
AvaTrade
FP Markets
AvaTrade, established in 2006 and headquartered in Dublin, Ireland, is well-regulated across multiple jurisdictions, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This extensive regulatory oversight ensures a high level of safety and accountability for traders, providing numerous fund protection schemes to safeguard client investments.
FP Markets, founded in 2005 and based in Sydney, Australia, is primarily regulated by ASIC and CySEC. While FP Markets may not have as wide a regulatory reach as AvaTrade, its adherence to ASIC regulations offers a robust framework for client protection, emphasising transparency and investor safety. Both brokers ensure that client funds are kept in segregated accounts, reducing the risk of misuse.
AvaTrade offers spreads starting from 0.9 pips, primarily on forex pairs, with no commission on most accounts. This fee structure is appealing for traders who prefer a straightforward cost model. However, the lack of a commission-free option could make AvaTrade less competitive for high-volume traders who might benefit from tighter spreads. The minimum deposit required is $100, and there is an inactivity fee of $50 after three months, which could be a consideration for infrequent traders.
FP Markets provides a more competitive fee structure, with spreads starting from 0.0 pips on their Raw account, although this comes with a commission of $3 per lot. This setup is particularly advantageous for scalpers or high-frequency traders who benefit from tighter spreads. The minimum deposit is also set at $100, making it accessible for new traders. FP Markets' fee structure is attractive for those who prioritise cost-efficiency in trading.
Both AvaTrade and FP Markets offer the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their robust features and comprehensive trading tools. AvaTrade also provides a proprietary mobile platform, allowing for seamless on-the-go trading. FP Markets differentiates itself with support for TradingView, which is highly regarded for its advanced charting capabilities and social trading community. The inclusion of TradingView makes FP Markets particularly appealing to traders who value detailed technical analysis.
AvaTrade is the better choice for beginner traders due to its extensive educational resources and regulatory coverage. For professional traders, FP Markets offers a more competitive fee structure and advanced trading tools, making it the superior option. On fees, FP Markets emerges as the winner with its tighter spreads and commission structure tailored for active traders.
AvaTrade
4.0/5
Choose AvaTrade if you want…
FP Markets
3.8/5
Choose FP Markets if you want…
AvaTrade scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. FP Markets requires $100.
AvaTrade is regulated by FCA, ASIC, MAS, while FP Markets holds licences from ASIC, CySEC.
AvaTrade supports MT4, MT5, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.