FP Markets
Wealthfront
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while Wealthfront was established in 2008 and is based in USA. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while Wealthfront is regulated by Unregulated among others. FP Markets serves 10,000+ clients worldwide; Wealthfront has 10,000+. The minimum deposit is $100 at FP Markets and $500 at Wealthfront.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 2005 | 2008 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FP Markets and Wealthfront, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Wealthfront). Wealthfront charges withdrawal fees while FP Markets does not, giving FP Markets an edge for frequent withdrawers. FP Markets charges deposit fees; Wealthfront does not. Overall, FP Markets scores higher on fees in our assessment.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
FP Markets offers MT4, MT5, cTrader, while Wealthfront 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. The two brokers are closely matched on platform offering.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| MT4 | Yes | Yes |
| 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 | iPhone,Mac,iPad,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FP Markets and Wealthfront 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. Wealthfront scores higher overall in education and research.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
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 Wealthfront supports 2 (bank transfer, credit/debit card). FP Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
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 Wealthfront offer live chat support. Both provide phone support. Email support is available at both brokers. Wealthfront offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | Wealthfront |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, and Chinese |