ForexVox
FP Markets
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Overview
ForexVox was founded in 2019 and is headquartered in UK, while FP Markets was established in 2005 and is based in Australia. ForexVox holds licences including Financial Conduct Authority (FCA) in the United Kingdom, while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. ForexVox serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $0 at ForexVox and $100 at FP Markets.
| Feature | ForexVox | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2019 | 2005 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexVox and FP Markets, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $100 at FP Markets). ForexVox charges withdrawal fees while FP Markets does not, a notable advantage for frequent withdrawers. FP Markets charges deposit fees; ForexVox does not. Overall, ForexVox scores higher on fees in our assessment.
| Feature | ForexVox | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ForexVox offers MT4, MT5, 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. FP Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexVox | FP Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5 | 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 ForexVox 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. FP Markets integrates third-party research tools (Trading Central); ForexVox does not. FP Markets maintains an archive of past webinars for on-demand viewing. ForexVox scores higher overall in education and research.
| Feature | ForexVox | FP Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | 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. ForexVox accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | ForexVox | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexVox and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. ForexVox offers multilingual support. Both brokers are comparable on support quality.
| Feature | ForexVox | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Indonesian, Malaysian | Not available |