ETFinance
FP Markets
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Overview
ETFinance was founded in 2018 and is headquartered in Cyprus, while FP Markets was established in 2005 and is based in Australia. ETFinance holds licences including Cyprus Securities and Exchange Commission (CySEC), while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. ETFinance serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $215 at ETFinance and $100 at FP Markets.
| Feature | ETFinance | FP Markets |
|---|---|---|
| Min. Deposit | $215 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2018 | 2005 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETFinance 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 $215 at ETFinance). Neither broker charges withdrawal fees. ETFinance charges deposit fees; FP Markets does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | ETFinance | FP Markets |
|---|---|---|
| Min. Deposit | $215 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ETFinance offers MT4, MT5, cTrader, while FP Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FP Markets supports social and copy trading features, which ETFinance does not offer. The two brokers are closely matched on platform offering.
| Feature | ETFinance | 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 ETFinance and FP Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. ETFinance scores higher overall in education and research.
| Feature | ETFinance | FP Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETFinance 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 | ETFinance | 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 ETFinance and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. ETFinance offers multilingual support. Both brokers are comparable on support quality.
| Feature | ETFinance | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |