Forex Financial Services
FP Markets
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while FP Markets was established in 2005 and is based in Australia. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Forex Financial Services serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $100 at FP Markets.
| Feature | Forex Financial Services | FP Markets |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Regulation | Australian Securities and investment Commission (ASIC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2005 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services 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 $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; FP Markets does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | Forex Financial Services | FP Markets |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services 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 Financial Services | 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 | 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 Financial Services and FP Markets compare. FP Markets runs regular live webinars; Forex Financial Services does not. FP Markets has a video library; Forex Financial Services does not. FP Markets publishes daily market commentary; Forex Financial Services does not. FP Markets integrates third-party research tools (Trading Central); Forex Financial Services does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | Forex Financial Services | FP Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services 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 Financial Services | 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 Financial Services and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services offers multilingual support. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |