Binary.com
FP Markets
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while FP Markets was established in 2005 and is based in Australia. Binary.com holds licences including Unregulated, while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Binary.com serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $250 at Binary.com and $100 at FP Markets.
| Feature | Binary.com | FP Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2014 | 2005 |
| Country | United States | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and FP Markets, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Binary.com). Binary.com charges withdrawal fees while FP Markets does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; FP Markets does not. Binary.com charges deposit fees; FP Markets does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | Binary.com | FP Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Binary.com 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 | Binary.com | 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 | MT4,iOS,MacBook,iPhone | 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 Binary.com and FP Markets compare. FP Markets runs regular live webinars; Binary.com does not. Both provide video tutorials. FP Markets publishes daily market commentary; Binary.com 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 | Binary.com | 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. Binary.com 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 | Binary.com | 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 Binary.com and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Binary.com offers multilingual support. Both brokers are comparable on support quality.
| Feature | Binary.com | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |