Fondex vs FP Markets

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

Fondex vs FP Markets Comparison Table 2024
Fondex FP Markets
rating empty
rating full
3.5
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4
Fondex is ranked #97 among CFD brokers. FP Markets is ranked #65 among CFD brokers.
Review
Review
Fondex has closed or no longer accepts UK clients.
Fondex now trade under the name TopFX
Fondex is an award-winning forex and CFD broker with industry low trading costs. 		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.
76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
  • Full range of investments
  • Multiple account currencies
  • Multiple payment methods
  • Low minimum deposit
  • Copy trading
  • Demo account
  • Regulated
  • 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
  • No MT4 integration
  • $55 subscription fee on IRESS accounts
  • Withdrawal fees for some payment types
  • Does not accept US customers
Awards
  • Best cTrader Broker, 2020
  • Best Technology Corporate Leadership, 2019
  • Best FX Trading Platform, 2018
  • Best Trade Execution, 2018
  • Best Partner Program, 2017
  • Best Retail Platform, 2017
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
FCA Regulated
No No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA, CySEC ASIC, CySEC, ESMA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
Yes Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
Yes Yes
eSignal
No No
Trading Central
Yes 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
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Yes (cBots) Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors. 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
Yes
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
$5 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Commodities
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Precious Metals
  • Oil
  • Natural Gas
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Platinum
  • Palladium
  • Copper
  • Aluminium
  • Soybeans
  • Corn
  • Wheat
  • Steel
  • Iron
CFD
Fondex offers leveraged CFDs on a wide range of popular financial markets. 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
1.8 1.64
GBPUSD Spread<
0.8 1.9 average
Oil Spread
3.4 0.04
Stocks Spread
From 0.01 Variable
Forex
Fondex offers trading opportunities on 80 currency pairs, including majors. 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
80+ 60+
GBPUSD Spread
0.8 1.9
EURUSD Spread
0.45 1.1
EURGBP Spread
0.56 1.7
Currency Indices
  • USD
  • USD
Cryptocurrency
Trade cryptocurrencies on the cTrader platform. 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
From 0.5 pips Floating
Coins
  • BTC
  • XRP
  • ETH
  • LTC
  • DSH
  • 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
Fondex FP Markets
Review
Review
76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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