Alpha Capital Markets
FP Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while FP Markets was established in 2005 and is based in Australia. Alpha Capital Markets holds licences including Unregulated, while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Alpha Capital Markets serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $100 at FP Markets.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1999 | 2005 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and FP Markets, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $100 at FP Markets). Neither broker charges withdrawal fees. Alpha Capital Markets applies inactivity fees on dormant accounts; FP Markets does not. FP Markets charges deposit fees; Alpha Capital Markets does not. Overall, Alpha Capital Markets scores higher on fees in our assessment.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while FP Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and FP Markets compare. FP Markets runs regular live webinars; Alpha Capital Markets does not. Both provide video tutorials. FP Markets publishes daily market commentary; Alpha Capital Markets does not. Both integrate third-party research tools. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alpha Capital Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FP Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alpha Capital Markets and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Alpha Capital Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | Alpha Capital Markets | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |