Embark on a financial odyssey with two trading juggernauts: FP Markets and CMC Markets. CMC, a globally trusted powerhouse, wields a Next Generation platform with over 12,000 instruments and scooped up 11 Best in Class awards for 2023. Meanwhile, FP Markets beckons as a haven for savvy forex and CFD traders, boasting versatility and affordability. Dive into the clash of trading titans – where cutting-edge innovation meets cost-effective prowess. Which financial frontier will you explore?
| FP Markets | |
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 10,000 |
| Forex Pairs (Total) | 71 |
| U.S. Stock Trading (Non CFD) | No |
| Int’l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) Maximum Retail Leverage Maximum Pro Leverage | Yes 1:500 1:500 |
| CMC Markets | |
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 12,074 |
| Forex Pairs (Total) | 156 |
| U.S. Stock Trading (Non CFD) | Yes |
| Int’l Stock Trading (Non CFD) | Yes |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) Maximum Retail Leverage Maximum Pro Leverage | Yes 1:30 1:500 |
Both brokerage firms provide a comprehensive array of trading instruments spanning diverse sectors, facilitating thorough cross-asset exposure for clients. CMC Markets asserts dominance through its industry-leading Forex offering, boasting a robust selection of 330+ currency pairs, coupled with the added advantage of share basket trading.
FP Markets VS CMC Markets
| Typical Spreads & Fees | CMC Markets | FP Markets |
|---|---|---|
| Minimum Raw Spreads: | Not applicable | 0.0 pips |
| Minimum Standard Spreads: | 0.7 pips | 1.0 pips |
| Minimum Commission for Forex: | Commission-free | $6.00 per round lot |
| Commission for Equities: | 0.10% or $0.02/share (US) | 0.10% with $10 minimum |
| Rebates: | Yes | No |
| Execution Type: | Market Maker | No Dealing Desk (NDD) |
FP Markets VS CMC Markets
| Pros | Cons |
|---|---|
| Choice of trading platforms and auxiliary trading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
| Pros | Cons |
|---|---|
| Cutting-edge proprietary trading platform for manual traders | Low leverage for retail traders |
| Excellent asset selection and leading Forex broker with 330+ currency pairs | Limited deposit and withdrawal methods |
| In-depth educational platform for beginner traders and quality research | |
| Publicly listed company with a clean record and decades of experience |
About FP Markets or CMC Markets
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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