Avatrade Vs FP Markets

Category: Broker Guides | Author: Trading Brokers | Date: June 25, 2023

Are you caught in a dilemma between Avatrade and FP Markets, trying to determine which trading platform is the superior choice for you? You’ve come to the right place! In this article, we’ll provide you with an in-depth analysis of these two prominent brokers, focusing on their unique features, side-by-side comparisons, and overall user experience offered by Avatrade and FP Markets. Whether you’re an experienced trader or just starting out, join us as we dissect the strengths and weaknesses of these platforms to help you make an informed decision for your trading journey.

What is Avatrade?

AvaTrade

AvaTrade

Avatrade is a leading online brokerage firm that offers a comprehensive range of financial instruments and services to traders worldwide. With a strong presence in the industry, Avatrade has established itself as a reliable platform for both beginner and experienced traders. The company prides itself on providing access to diverse markets, including stocks, commodities, cryptocurrencies, forex, and more. One notable feature of Avatrade is its user-friendly interface, which makes it easy for traders to navigate and execute trades seamlessly. Additionally, Avatrade offers various trading platforms, including the popular MetaTrader 4 and AvaTradeGO, enabling traders to choose the one that suits their preferences. Alongside its wide range of trading instruments, Avatrade also provides educational resources, market analysis, and excellent customer support, catering to the needs of traders at all levels.

Pros

  • Wide range of financial instruments including stocks, commodities, cryptocurrencies, and forex.
  • User-friendly interface for easy navigation and trade execution.
  • Multiple trading platforms, including MetaTrader 4 and AvaTradeGO.
  • Access to educational resources and market analysis.
  • Excellent customer support to address trader inquiries and concerns.

Cons

  •  Limited availability of certain trading instruments in specific regions.
  • Inactivity fees for dormant accounts.
  • Withdrawal fees may apply for certain payment methods.
  • Limited customization options for advanced traders.
  • Higher minimum deposit requirement compared to some competitors.
AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

What is FP Markets?

FP Markets

FP Markets

FP Markets is a renowned online brokerage offering a comprehensive suite of trading services to clients globally. As a trusted platform, FP Markets specializes in Contracts for Difference (CFDs) and provides access to a diverse range of financial instruments, including forex, commodities, indices, and shares. One of FP Markets’ standout features is its emphasis on competitive pricing, offering tight spreads, low commissions, and fast trade execution. Traders benefit from direct market access (DMA) and Electronic Communication Network (ECN) pricing, allowing for direct interaction with liquidity providers and potentially enhancing trading efficiency. While FP Markets may not offer as extensive educational resources as some competitors, it compensates with exceptional customer support, including a dedicated team and a 24/5 live chat feature.

Pros

  • Competitive pricing with tight spreads, low commissions, and fast trade execution.
  • Access to a wide range of CFDs across forex, commodities, indices, and shares.
  • Direct market access (DMA) and Electronic Communication Network (ECN) pricing for enhanced trading efficiency.
  • Exceptional customer support with a dedicated team and 24/5 live chat feature.

Cons

  • Limited educational resources compared to some competitors.
  • Availability of certain instruments may vary depending on regional restrictions.
  • Less emphasis on market analysis and research tools.
  • Withdrawal fees may apply for specific payment methods.
FP Markets Logo

FP Markets is an established and regulated broker that offers 10,000+ trading products across multiple global markets. They have award winning platforms with transparent pricing, fast execution speeds and competitive trading costs.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Avatrade vs FP Markets: Analyzing Two Powerhouses of Trading

When comparing Avatrade and FP Markets, it’s essential to consider their unique characteristics and offerings to determine which platform better suits your trading needs.

Trading Platforms:

When comparing Avatrade and FP Markets, one key factor to consider is the range of trading platforms they offer. Both brokers provide access to the popular MT4 and MT5 platforms, which are widely used and trusted by traders. However, FP Markets goes a step further by offering the Iress platform, which provides advanced features and tools for experienced traders. On the other hand, AvaTrade stands out with its proprietary platform, WebTrader, offering a user-friendly interface and convenient access to trading.

Asset Selection:

Another important aspect to consider is the asset selection offered by each broker. FP Markets boasts an impressive range of over 10,000 tradeable symbols, giving traders a wide variety of options across different markets. Additionally, FP Markets allows you to buy actual stocks, which can be appealing for those interested in long-term investments. On the other hand, AvaTrade may have a smaller selection of tradeable symbols with 1,250+, but it compensates by offering a diverse range of 55 currency pairs, making it a favorable choice for forex traders.

Pricing and Fees:

Pricing and fees play a crucial role in selecting an online trading platform. AvaTrade stands out with its lower spreads, offering traders a competitive advantage with spreads as low as 0.9 pips. On the other hand, FP Markets offers slightly higher spreads at 1.0 pips, but compensates by charging lower commissions of $6 per round lot, making it an attractive choice for frequent traders. Additionally, both brokers do not charge deposit or withdrawal fees for most payment methods, except for bank wire transfers.

Social Trading:

Social trading has gained popularity in recent years, allowing traders to copy the trades and strategies of successful investors. AvaTrade takes the lead in this aspect by offering social trading through third-party platforms such as DupliTrade, ZuluTrade, and MQL5 Signal Service. These platforms provide a wide range of options and strategies for traders to choose from, enhancing their trading experience. In contrast, FP Markets does not currently offer social trading features.

Customer Service:

Having reliable customer service is crucial when trading online. Both Avatrade and FP Markets offer multilingual customer support teams that can be reached through phone, email, and live chat. FP Markets goes a step further by providing 24/7 customer service, ensuring assistance is available at any time. However, it’s worth noting that AvaTrade’s customer service is only available during weekdays. Both brokers also provide comprehensive online help centers and FAQs on their websites, offering additional resources for traders to find answers to their queries.

Education:

To support traders of all levels, both Avatrade and FP Markets offer educational resources. Traders can access free guides, videos, webinars, and podcasts to enhance their trading knowledge. AvaTrade stands out with its comprehensive online training academy, which provides free courses, eBooks, and market analysis. These educational materials can be invaluable for both beginner and experienced traders looking to improve their skills and stay informed about market trends.

Withdrawal and Deposit Methods:

Convenience and flexibility in deposit and withdrawal methods are essential for traders. Avatrade accepts withdrawals and deposits via various methods, including bank transfer, credit card, debit card, Perfect Money, Skrill, and WebMoney. FP Markets offers even more options, including bank transfer, broker-to-broker transfer, credit card, debit card, FasaPay, NETELLER, Ngân Lượng, Paytrust88, Perfect Money, POLi, Skrill, and 2c2p. Both brokers prioritize hassle-free transactions by not charging fees for most payment methods, except for bank wire transfers.

Deciding Between Avatrade and FP Markets: Which is Best for You?

If you’re someone who values a wide selection of financial instruments, user-friendly interfaces, and comprehensive educational resources, Avatrade is the ideal choice for you. With its diverse range of stocks, commodities, cryptocurrencies, and forex options, Avatrade allows you to diversify your portfolio and explore various market opportunities. Their intuitive interface and multiple trading platforms cater to traders of all levels, while their commitment to customer support ensures that you receive assistance whenever needed.

On the other hand, if you prioritize competitive pricing, direct market access, and fast trade execution, FP Markets is the platform that suits your needs. With its focus on CFD trading and access to a wide range of instruments, including forex, commodities, indices, and shares, FP Markets offers tight spreads and low commissions. The availability of DMA and ECN pricing allows for direct interaction with liquidity providers, potentially enhancing your trading efficiency.

While Avatrade places emphasis on educational resources and market analysis, FP Markets compensates with exceptional customer support and a dedicated team available through a 24/5 live chat feature. If you prefer a platform with robust educational resources and in-depth market analysis, Avatrade is the better option for you. However, if you value personalized assistance and prompt customer support, FP Markets is the platform that meets your requirements.

Conclusion

In conclusion, both Avatrade and FP Markets offer distinct advantages and cater to different trading preferences. Avatrade shines with its wide range of financial instruments, user-friendly interface, and comprehensive educational resources. It is an excellent choice for traders seeking diverse trading options and a supportive learning environment. On the other hand, FP Markets excels in competitive pricing, direct market access, and exceptional customer support. Traders who prioritize cost-efficiency, fast execution, and personalized assistance may find FP Markets to be the preferred platform. Ultimately, the best choice between Avatrade and FP Markets depends on individual trading goals, preferences, and the specific features that align with one’s requirements.


Relevant Articles