Firstrade
FP Markets
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In the "Firstrade vs FP Markets" broker comparison, Firstrade, with a rating of 3.41/5, stands out for its zero-commission trading on stocks, ETFs, and options, appealing primarily to US-based stock traders and international clients seeking a straightforward, low-cost entry. In contrast, FP Markets, rated 3.84/5, offers a broader range of markets including forex and CFDs, making it more suited for experienced traders interested in diverse asset classes and high leverage opportunities. The key difference lies in Firstrade's focus on commission-free stock trading, while FP Markets excels in offering extensive market access and advanced trading platforms. Each broker caters to distinct trading preferences, with Firstrade attracting stock-focused individuals and FP Markets appealing to those who value market variety and leverage.
Firstrade
FP Markets
| Firstrade | FP Markets | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.8/5 ✓ |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2 | 1:500 ✓ |
| Regulation | SEC, CFTC | ASIC, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowFirstrade
WinnerFP Markets
Firstrade
Lower feesFP Markets
Firstrade
3.4/5
Choose Firstrade if you want…
FP Markets
3.8/5
Choose FP Markets if you want…
FP Markets scores higher overall on our independent rating system. Firstrade holds a 3.4/5 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.
Firstrade offers spreads from 0 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. FP Markets requires $100.
Firstrade is regulated by SEC, CFTC, while FP Markets holds licences from ASIC, CySEC.
Firstrade supports Proprietary Web, 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.