FP Markets
profiforex corp
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while profiforex corp was established in 2018 and is based in Cyprus. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while profiforex corp is regulated by Financial Conduct Authority (FCA) among others. FP Markets serves 10,000+ clients worldwide; profiforex corp has 30,000+. The minimum deposit is $100 at FP Markets and $250 at profiforex corp.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| 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-F297 |
| Founded | 2005 | 2018 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and profiforex corp, 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 profiforex corp). Neither broker charges withdrawal fees. FP Markets charges deposit fees; profiforex corp does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| 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 profiforex corp supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FP Markets supports social and copy trading features, which profiforex corp does not offer. FP Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| 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 profiforex corp compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| 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 profiforex corp offer live chat support. Both provide phone support. Email support is available at both brokers. profiforex corp offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | profiforex corp |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |