FP Markets Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of FP Markets Forex Brokers and alternatives with lower fees and more security. Unbiased FP Markets Alternatives reviews.
So which brokers are better than FP Markets? Want to jump straight to the answer? OspreyFX is the best alternative broker to FP Markets in 2024 .

3.3 / 5

Rating breakdown

Security
60%
3.0/5
Ease of Use
80%
4.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
60%
3.0/5
Support
60%
3.0/5

Things we didn't like:

 The stock CFD fees are quite high
 The product portfolio is limited
 No investor and negative balance protection

Why would you want an alternative to FP MARKETS?

Considering an alternative to FP Markets might be beneficial due to a few notable limitations. Firstly, while FP Markets offers mobile trading apps, they are rated as average, suggesting room for improvement compared to leading competitors who may offer more user-friendly and feature-rich mobile platforms. Although FP Markets provides VIP discounts, high-volume traders might find the absence of specific active trader discounts limiting, potentially missing out on tailored cost-saving opportunities. Additionally, FP Markets' Social Trading portal, compatible with MetaTrader 4, lacks advanced performance metrics commonly found with leading copy trading platforms, which could be a drawback for traders interested in detailed performance analysis and transparency.

What to look for in a FP MARKETS Alternative?

When seeking an alternative to FP Markets, consider brokers that offer superior mobile trading apps with advanced features and a user-friendly interface, ensuring seamless trading on the go. Look for brokers that provide active trader discounts or incentives tailored for high-volume traders to optimize trading costs based on your trading frequency and volume. If you are interested in social trading, opt for brokers that offer comprehensive copy trading platforms with advanced performance metrics, allowing you to assess the performance and reliability of signal providers effectively. By focusing on these aspects, you can find a broker that better meets your trading needs and preferences, offering a more enhanced and supportive trading experience compared to FP Markets.

Best FP MARKETS alternatives – forex brokers like (or better than) FP MARKETS

Best FP Markets Alternatives

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
OspreyFX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

FP Markets Alternatives Frequently Asked Questions (FAQs):

Are there any sites like FP Markets?
Yes, there are many sites offering similar services like FP Markets. Those include OspreyFX, RoboForex, EagleFX and many more. If you are to look for an alternative to FP Markets for your forex trading needs, then you must make sure it is one with a better offering.
Who are FP Markets Top Competitors?
FP Markets 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

Are you Satisfied with what They Offer?