Forex Club
FP Markets
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Overview
Forex Club was founded in 2008 and is headquartered in Russia, while FP Markets was established in 2005 and is based in Australia. Forex Club holds licences including Cyprus Securities and Exchange Commission (CySEC), while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Forex Club serves 10,000+ clients worldwide; FP Markets has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Forex Club | FP Markets |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2005 |
| Country | Russia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Club and FP Markets, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Neither broker charges withdrawal fees. FP Markets charges deposit fees; Forex Club does not. Overall, Forex Club scores higher on fees in our assessment.
| Feature | Forex Club | FP Markets |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Forex Club 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 | Forex Club | 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,WEB,desktop | 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 Forex Club 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. Forex Club scores higher overall in education and research.
| Feature | Forex Club | 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. Forex Club 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 | Forex Club | 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 Forex Club and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Club offers multilingual support. Both brokers are comparable on support quality.
| Feature | Forex Club | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |