FP Markets
FreshForex
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while FreshForex was established in 2004 and is based in Russia. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while FreshForex is regulated by SVGFSA 20623 IBC 2012 among others. FP Markets serves 10,000+ clients worldwide; FreshForex has 710,000+. The minimum deposit is $100 at FP Markets and $1 at FreshForex.
| Feature | FP Markets | FreshForex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | SVGFSA 20623 IBC 2012 |
| Founded | 2005 | 2004 |
| Country | Australia | Russia |
| Clients | 10,000+ | 710,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and FreshForex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $100 at FP Markets). Neither broker charges withdrawal fees. FP Markets charges deposit fees; FreshForex does not. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FP Markets | FreshForex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
FP Markets offers MT4, MT5, cTrader, while FreshForex supports MT4, MT5, a proprietary platform. FP Markets offers a mobile trading app; mobile availability for FreshForex is limited. 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 | FP Markets | FreshForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Windows, MAC, Linux |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FP Markets and FreshForex 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); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FreshForex scores higher overall in education and research.
| Feature | FP Markets | FreshForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FP Markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while FreshForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). FP Markets uniquely supports PayPal among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | FP Markets | FreshForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 FP Markets and FreshForex offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | FreshForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English |