FP Markets
fxgrow
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while fxgrow was established in 2014 and is based in USA. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while fxgrow is regulated by Financial Conduct Authority (FCA) among others. FP Markets serves 10,000+ clients worldwide; fxgrow has 3,500,000+. The minimum deposit is $100 at FP Markets and $250 at fxgrow.
| Feature | FP Markets | fxgrow |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F245 |
| Founded | 2005 | 2014 |
| Country | Australia | USA |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and fxgrow, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxgrow). Neither broker charges withdrawal fees. FP Markets charges deposit fees; fxgrow does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | FP Markets | fxgrow |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
FP Markets offers MT4, MT5, cTrader, while fxgrow supports 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 | FP Markets | fxgrow |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FP Markets and fxgrow compare. FP Markets runs regular live webinars; fxgrow does not. FP Markets has a video library; fxgrow does not. FP Markets publishes daily market commentary; fxgrow does not. FP Markets integrates third-party research tools (Trading Central); fxgrow does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | FP Markets | fxgrow |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| 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 fxgrow supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | FP Markets | fxgrow |
|---|---|---|
| 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 FP Markets and fxgrow offer live chat support. Both provide phone support. Email support is available at both brokers. fxgrow offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | fxgrow |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |