EagleFX vs FP Markets

EagleFX or FP Markets – which is better for UK traders 2024? Compare EagleFX and FP Markets in this detailed breakdown of their platforms, features and fees.

EagleFX vs FP Markets Comparison Table 2024

EagleFX	FP Markets
4.1	4
EagleFX is ranked #31 among CFD brokers.	FP Markets is ranked #65 among CFD brokers.
Review	Review
EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
Pros
The $6 round-turn commissions are competitive (other commission structures we review come in at around $7 per round-turn) The broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking flexibility The broker offers Bitcoin deposits, as well as fast-tracked withdrawals, which will serve more active traders EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone High forex leverage is available for experienced investors, up to 1:500	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView Bespoke copy trading platform High leverage up to 1:500
Cons
There are very limited educational resources, market research and popular additional tools like copy trading - common features found at many alternatives The range of 100+ instruments is very limited compared to the hundreds offered by most other competitors The broker is based offshore and is unregulated, meaning traders will receive little to no safeguards	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
FX Broker With Best Withdrawal Options 2020 Best ECN/STP Broker 2020 Best Forex Broker 2020	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Payment Methods
Credit Cards Debit Card Mastercard Visa Wire Transfer	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	ASIC, CySEC, ESMA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
4.8
Android App Rating
4.4
Margin Trading
Yes	No
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	Yes
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No	Yes
Trade Signals
MT4
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Commodities
Gold Silver Oil	Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron
CFD
The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping.	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
1:500	1:30 (UK), 1:500 (Global)
FTSE Spread
0.77	1.64
GBPUSD Spread<
1.3	1.9 average
Oil Spread
0.09	0.04
Stocks Spread
Variable	Variable
Forex
You can go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of advanced features, including 9 timeframes and over 30 indicators.	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
Assets
55	60+
GBPUSD Spread
1.3	1.9
EURUSD Spread
0.7	1.1
EURGBP Spread
1.4	1.7
Currency Indices
	USD
Cryptocurrency
A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees.	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
Floating	Floating
Coins
BCH BTC DASH EOS BIT ETP LTC BTC OMG ZEC USDT BCH ETP QTUM XMR DOT ETC IOS NEO SAN ZRX EDO ETH IOT NEO SAN XRP BTG EDO ETH OMG TRX XRP	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
EagleFX	FP Markets
Review	Review
More Comparisons
EagleFX vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama Core Spreads DNA Markets Dukascopy easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade FP Markets Freetrade Fusion Markets FXCC FXCentrum FXCM FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX Oanda OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote ThinkMarkets TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade	FP Markets vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama Core Spreads DNA Markets Dukascopy EagleFX easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade Freetrade Fusion Markets FXCC FXCentrum FXCM FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX Oanda OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote ThinkMarkets TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade