FXChoice vs FPMarkets Broker Comparison

Are you trying to figure out which is a better broker, FXChoice or FPMarkets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FPMarkets is the better of the two. FPMarkets offers 10,000+ instruments, licenses from CySec, ASIC, and fair trading fees.

In the tables below, you can compare the features of FXChoice and FPMarkets side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FPMarkets higher than FXChoice.

Rating
93.8/100
94.8/100
Min. Deposit
100$
100$
Regulated By
IFSCIFSC
CySecCySec
ASICASIC
Bonus
15%
No Information
Min. Spread
1.4
1.1
Max. Leverage
1:200
1:500
Currency Pairs
36
61
Trading Instruments
50+
10,000+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile, WebTrader
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Type of Brokers
Market Maker/NDD
STP/ECN/DMA
Customer Support
24/5
24/5
Language Support
8
11
Established
2010
2005, HQ in Sydney
Used By
100,000+ Traders
100,000+ Traders

Does FXChoice or FPMarkets have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FXChoice and FPMarkets are, we first considered the common fees on Standard Accounts. At FXChoice the average spread for the EUR/USD currency pair is 1.4 pips, whilst at FPMarkets the spread is 1.1.

This shows that FPMarkets is the better option for low-cost forex trading.

When it comes to non-trading fees, FXChoice charges for deposit, withdrawal. FPMarkets charges for deposit, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXChoice or FPMarkets?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FXChoice is regulated by IFSC and does not offer client protection. FPMarkets is regulated by CySec, ASIC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FPMarkets is the safer broker.

Broker summary

How many trading instruments are available at FXChoice and FPMarkets?

FXChoice provides traders with 50+ instruments. This includes 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. With FXChoice, you can also trade CFDs.

In comparison, FPMarkets boasts 10,000+ tradable instruments. FPMarkets offers 61 currency pairs, 5 cryptocurrencies, and 10,000 stocks and shares. FPMarkets also allows CFD trading.

As FPMarkets has 10,000+ and FXChoice has 50+, a difference of 40, this shows that FPMarkets offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXChoice or FPMarkets?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FXChoice provides you with the ability to trade via 3 trading platforms, and FPMarkets has 4 trading platforms. Both brokers also offer research and trading tools, however FPMarkets has more.

Overall, our experts agree that FPMarkets boasts the better trading platform offering.

Research Tools

Which is better for beginners, FXChoice or FPMarkets?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FPMarkets is the better broker for beginner traders as it offers a larger range of educational tools and materials. FPMarkets also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that FPMarkets is the better broker in a range of key areas. You can learn more by reading our FXChoice and FPMarkets reviews.

FXChoice vs FPMarkets
FXChoice
93.8
Points
FPMarkets
94.8
Points
Overall
1 points
FXChoice
96
Points
FPMarkets
93
Points
Commissions & Fees
3 points
FXChoice
93
Points
FPMarkets
96
Points
Licensing & Safety
3 points
FXChoice
98
Points
FPMarkets
95
Points
Trading Platforms & Tools
3 points
FXChoice
97
Points
FPMarkets
95
Points
Payments
2 points
FXChoice
92
Points
FPMarkets
94
Points
Customer Service
2 points
FXChoice
87
Points
FPMarkets
96
Points
Educational
9 points
Open Account in FPMarkets