FP Markets
NordFX
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
FP Markets was founded in 2005 and is headquartered in Australia, while NordFX was established in 2008 and is based in Mauritius. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while NordFX is regulated by VFSC (15008) among others. FP Markets serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $100 at FP Markets and $10 at NordFX.
| Feature | FP Markets | NordFX |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | VFSC (15008) |
| Founded | 2005 | 2008 |
| Country | Australia | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $100 at FP Markets). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; FP Markets does not. FP Markets charges deposit fees; NordFX does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | FP Markets | NordFX |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
FP Markets offers MT4, MT5, cTrader, while NordFX supports MT4, MT5. 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 | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| 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, 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 NordFX compare. FP Markets runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. FP Markets publishes daily market commentary; NordFX does not. FP Markets integrates third-party research tools (Trading Central); NordFX does not. FP Markets maintains an archive of past webinars for on-demand viewing. The two brokers are evenly matched on educational content.
| Feature | FP Markets | NordFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| 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 NordFX 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 | NordFX |
|---|---|---|
| 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 NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. NordFX offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |