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FxGrow vs FP Markets

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

FxGrow vs FP Markets Comparison Table 2024
FxGrow	FP Markets

2.7	4
FxGrow is ranked #97 among CFD brokers.	FP Markets is ranked #65 among CFD brokers.
Review	Review
FxGrow is a forex and CFD broker founded in 2008 and regulated in Cyprus and Vanuatu. The brokerage offers 500+ trading instruments on the MetaTrader 5 platform, with ECN accounts and commission-free trading. Since it launched, the broker has gained over 80,000 clients and more than 10 industry awards.	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
Daily technical analysis on all asset classes plus an economic calendar and Trading Central signals Education Academy plus webinars and seminars for beginner, intermediate and experienced traders I liked the powerful MetaTrader 5 platform with advanced technical analysis tools Regulated by CySEC and member of the Investor Compensation Fund Zero fees on deposits and only a $1 minimum deposit required 24/5 customer support via telephone, email and live chat	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
High withdrawal fees vs competitors climbing to 3.9% Fairly wide spreads in the ECN starter account No credit/debit card deposit options Only one platform on offer $15 per month VPS fee	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
Best Liquidity Provider 2018 - Jordan Forex Expo Best Broker 2012 - CIOT Forex Expo Best International Broker 2012 - South Africa Forex Expo Best Education Broker 2012 - Dubai Forex Broker Lowest Spread & Fastest Execution 2012 - Jordan Forex Expo	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, futures	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Payment Methods
Credit Cards Mastercard Skrill Visa WebMoney Wire Transfer	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC	ASIC, CySEC, ESMA
Mobile Apps
Yes	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
No	No
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
Yes	Yes
STP Account
No	Yes
ECN Account
No	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
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
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP PLN	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Commodities
Gold Silver	Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron
CFD
Go long or short on a range of CFDs, including on futures with up to 1:100 leverage. On the downside, commissions are higher than many alternatives in the ECN Plus account, at $8 per lot.	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
1:30	1:30 (UK), 1:500 (Global)
FTSE Spread
Not offered	1.64
GBPUSD Spread<
0.5	1.9 average
Oil Spread
Floating	0.04
Stocks Spread
Floating	Variable
Forex
FxGrow offers a decent range of 60+ forex pairs with competitive spreads from 0.3 pips on the EUR/USD. With that said, spreads are relatively wide in the starter account at 1.1 pips.	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
60+	60+
GBPUSD Spread
0.5	1.9
EURUSD Spread
0.3	1.1
EURGBP Spread
0.5	1.7
Currency Indices
	USD
Cryptocurrency
FxGrow offers Bitcoin, Bitcoin Cash, Litecoin and Ethereum against USD. We like that the broker also provides daily technical analysis on all crypto symbols.	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
BTC, BCH, LTC, ETH	Floating
Coins
BTC BCH LTC ETH	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

FxGrow	FP Markets
Review	Review
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