AvaTrade versus FP Markets

With twelve plugins and Autochartist, FP Markets offers one of the more competitive MT4/MT5 environments, ensuring traders have an edge. Its geographically restricted Iress trading platform provides manual traders with a viable alternative. Its proprietary social trading service and Myfxbook Autotrade complement integrated MT4/MT5 solutions while MAM/PAMM modules cater to asset managers.

AvaTrade shines with its choice of trading platforms and the out-of-the-box MT4/MT5 upgraded with the Trading Central plugin at its core. Traders may also opt for the proprietary WebTrader, the mobile app AvaTradeGO, and Ava Option. Social traders can use Ava Social, ZuluTrade, and DupliTrade, and a lucrative partnership program exists.

We have conducted an in-depth review of FP Markets and AvaTrade to determine which presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• AvaTrade versus FP Markets - Verdict

Headquarters	Australia	Ireland
Regulators	ASIC, CMA, CySEC, FSCA	ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2005	2006
Execution Type(s)	ECN/STP	Market Maker
Minimum Deposit	$100	$100
Negative Balance Protection
Trading Platform(s)	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based	Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+
Average Trading Cost EUR/USD	1.2 pips	0.9 pips
Average Trading Cost GBP/USD	1.4 pips	1.5 pips
Average Trading Cost WTI Crude Oil	$0.02	$0.03
Average Trading Cost Gold	$0.16	$0.29
Retail Loss Rate	70.70%	77.82%
Minimum Raw Spreads	0.0 pips	Not applicable
Minimum Standard Spreads	1.0 pips	0.9 pips
Minimum Commission for Forex	$6.00 per Round Lot	Commission-free
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

Noteworthy:

FP Markets and AvaTrade offer beginner traders quality education and actionable research, but the AvaTrade academy, SharpTrader, spun out into a separate business unit, is one of the best educational resources.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
	Get Started	Get Started

FP Markets offers an excellent equity-focused asset selection in its Iress platform and an above-average choice of 1,000+ asset in MT5. Both brokers present an average number of currency pairs for Forex brokers, but all AvaTrade clients get a balanced selection of trading instruments, including options. Neither broker caters very well to cryptocurrency traders.

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.2 pips	0.9 pips
Average Trading Cost GBP/USD	1.4 pips	1.5 pips
Average Trading Cost WTI Crude Oil	$0.02	$0.03
Average Trading Cost Gold	$0.16	$0.29
Average Trading Cost Bitcoin	$21.08	$39
Minimum Raw Spreads	0.0 pips	Not applicable
Minimum Standard Spreads	1.0 pips	0.9 pips
Minimum Commission for Forex	$6.00 per Round Lot	Commission-free
Deposit Fee
Withdrawal Fee
Inactivity Fee	No	$50 quarterly after 3 months
	Get Started	Get Started

Trading costs are notable cheaper for Forex traders in the commission-based FP Markets account versus the commission-free AvaTrade alternative, by up to 50%. Equity traders may achieve lower trading fees at AvaTrade versus FP Markets, but it remains asset-dependent, as AvaTrade features commission-free trading with higher mark-ups.

Security and Trust

Country of the Regulator	Australia, Cyprus, Kenya, South Africa	United Arab Emirates, Australia, Ireland, Israel, Japan, British Virgin Islands, South Africa
Name of the Regulator	ASIC, CMA, CySEC, FSCA	ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Regulatory License Number	286354, 103, 371/18, 50926	C53877, SIBA/L/13/1049, 406684, 45984, 1662, 190018, 514666577
	Get Started	Get Started

Both brokers segregate client deposits from corporate funds and offer negative balance protection. FP Markets serves non-EEA and non-Australian clients from its unregulated but duly registered St. Vincent and the Grenadines subsidiary. AvaTrade has more regulatory licenses, but the trading environment is not equally competitive, dependent on the regulator. From a security and trust perspective, both rank equally.

FP Markets vs AvaTrade – Verdict

FP Markets

AvaTrade

AvaTrade is an overall competitive brokerage, where the geographic location makes a difference, but services are equally available. Traders must accept higher trading costs but get an excellent choice of trading platforms. FP Markets remains a better overall choice for Forex traders due to lower trading costs and deeper liquidity. It also provides more competitive MT4/MT5 trading platforms due to its upgrades.

You might also be interested in reviewing the below broker comparisons:

• Avatrade vs Exness
• Avatrade vs Interactive Brokers
• Avatrade vs XTB
• FP Markets vs FxPro
• FP Markets vs CMC
• FP Markets vs BlackBull