ChoiceTrade Vs FP Markets

How ChoiceTrade and FP Markets Compare in 2024

ChoiceTrade or FP Markets who is better?

Compare CHOICETRADE Versus FP MARKETS and IC Markets broker accounts.


Compare ChoiceTrade Vs FP Markets Side by Side

So you are looking for a broker, ChoiceTrade or FP Markets who should you choose?

When trading on financial markets you will want to know all about who ChoiceTrade or FP Markets are, and how they compare. You will naturally want to know how long ChoiceTrade and FP Markets have been in business and what reputation ChoiceTrade and FP Markets have. On top of this, you will need to discover if ChoiceTrade and FP Markets match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how ChoiceTrade and FP Markets compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of ChoiceTrade and FP Markets side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing ChoiceTrade and FP Markets. By comprehensively comparing ChoiceTrade and FP Markets features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with ChoiceTrade, FP Markets or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on ChoiceTrade and FP Markets. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the ChoiceTrade platform or FP Markets that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


ChoiceTrade

(3/5)
Benefits of ChoiceTrade?
  • Established in 2009
  • ChoiceTrade have been in business for 15 years.
  • Head quarters in United States.
  • Live Chat
  • ChoiceTrade Min deposit $250
ChoiceTrade screenshot choicetrade sign up here
Your capital is at risk
Reputation Support
Good
Good

ChoiceTrade Regulation

ChoiceTrade is regulated by the SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) (8-52511).

Excluded Countries

ChoiceTrade Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee $2.5
Min trade $5
Max trade varies
Min deposit $250
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies

ChoiceTrade Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

ChoiceTrade Platforms

cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .

ChoiceTrade Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See ChoiceTrade
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See ChoiceTrade
instruments here
Your capital is at risk

ChoiceTrade Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the ChoiceTrade website. Our records were last updated on .

Visit ChoiceTrade today
Your capital is at risk

FP Markets

(4/5)
Benefits of FP Markets?
  • Established in 2005
  • FP Markets have been in business for 19 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • FP Markets Min deposit $100
FP Markets screenshot FP Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

FP Markets Regulation

FP Markets is regulated by the CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130).

Excluded Countries

US, JP, NZ

FP Markets Fees

Deposit fee Yes
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade 50 Lot
Min deposit $100
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1 business day

Withdrawal processing time
1 business day
See all FP Markets
funding options here
Losses can exceed deposits

FP Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

FP Markets Platforms

MT4, MT5, cTrader, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps

FP Markets Languages

English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque

See FP Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See FP Markets
instruments here
Losses can exceed deposits

FP Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the FP Markets website. Our records were last updated on .

Visit FP Markets today
Losses can exceed deposits

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Seychelles Financial Services Authority (FSA) (SD018).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

ChoiceTrade Vs FP Markets Table of Contents

ChoiceTrade and FP Markets in Detail

ChoiceTrade Review Screenshot

The ChoiceTrade online trading platform gives traders from all over the world access to over 73 financial instruments, FP Markets include over 290 available instruments. There are over 10,000+ registered customers that have taken advantage of the ChoiceTrade platform.

ChoiceTrade are regulated by SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) (8-52511).

ChoiceTrade Review Screenshot

FP Markets is a renowned Australia financial trading brokerage established in 2005.

FP Markets serves customers globally and are regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130). Depending on the country you are trading from ChoiceTrade may serve you from a different business entity to comply with its financial regulators.

FP Markets is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. ChoiceTrade is listed as a publically traded company so are a reputable broker.

Benefits of ChoiceTrade and FP Markets Compared

Below, we will give you a summary of the benefits ChoiceTrade and FP Markets offer side by side.

ChoiceTrade offers a minimum deposit of 250 while FP Markets have a 100 minimum deposit.

Why smaller trading deposits are good and how ChoiceTrade and FP Markets compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either ChoiceTrade or FP Markets. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. ChoiceTrade requires a minimum deposit of 250, whereas FP Markets mandates a minimum deposit of 100. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's ChoiceTrade or FP Markets, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

ChoiceTrade allows traders to trade up to 73 financial instruments while FP Markets have around 290 on their trading platform.

The more instruments available on ChoiceTrade and FP Markets trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of ChoiceTrade or FP Markets.

The ChoiceTrade trading platform has 0 stocks listed while FP Markets has 10,000 stocks listed.

ChoiceTrade allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the ChoiceTrade cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . trading platforms.

Alternatively FP Markets allows retail traders to trade Forex, CFDs, Bonds on the FP Markets MT4, MT5, cTrader, TradingView, IRESS, Mac, Web Trader, Tablet & Mobile apps trading platforms.

Compare ChoiceTrade and FP Markets in more detail below.

Drawbacks of ChoiceTrade and FP Markets Compared

Below we compare what drawbacks ChoiceTrade and FP Markets have side by side.

Various potential downsides can be associated with certain brokers, including ChoiceTrade and FP Markets. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by ChoiceTrade compared to FP Markets. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of ChoiceTrade versus FP Markets.

Broker choicetrade FP Markets IC Markets
Inactivity Fees No No
Withdrawl Fees $2.5 No No
Withdrawal Processing Time Varies 1 business day Varies
Min Deposit 250 100 200
Social Trading Yes Yes Yes
Excluded Countries US, JP, NZ US, IR, CA, NZ, JP

ChoiceTrade Vs FP Markets Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with ChoiceTrade or FP Markets. A diversified portfolio with ChoiceTrade or FP Markets can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like ChoiceTrade or FP Markets, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as ChoiceTrade and FP Markets.

Broker choicetrade FP Markets IC Markets
Instruments Available 73 290 2250
Offers share dealing Yes No Yes
Number of Shares 0 10,000 2,100
Offers US Stocks NO Yes Yes
Offers UK Stocks No Yes Yes
Offers German Stocks No Yes Yes
Offers Japanese Stocks No Yes Yes
Offers Indices Trading No Yes Yes
Number of Commodities 0 18 20
Offers Metals Commodities No Yes Yes
Offers Energy Commodities No Yes Yes
Offers Agricultural Commodities NO Yes Yes
Offers Forex Trading No Yes Yes
Number of Forex Pairs 70 61
Offers Major Forex Pairs No Yes Yes
Offers Minor Forex Pairs No Yes Yes
Offers Exotic Forex Pairs No Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading Yes Yes Yes

ChoiceTrade Vs FP Markets Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both ChoiceTrade and FP Markets, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both ChoiceTrade and FP Markets offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with ChoiceTrade or FP Markets is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with ChoiceTrade or FP Markets could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on ChoiceTrade, FP Markets, and all brokers are subject to regulation.

We compare ChoiceTrade vs FP Markets Crypto options below side by side.

Broker choicetrade FP Markets IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) No Yes Yes
Cryptocurrencies Offered BTC, BCH, LTC, ETH, XRP, RPL BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

ChoiceTrade Vs FP Markets Commission and Fees

knowing your trading and commission fees with ChoiceTrade vs FP Markets is extremely important. For the majority of the ChoiceTrade 73 financial instruments and FP Markets 290 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with ChoiceTrade and FP Markets. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with ChoiceTrade and FP Markets before you invest because you must know what you are paying.

You ideally want to choose a broker like ChoiceTrade or FP Markets that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with ChoiceTrade or FP Markets. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential ChoiceTrade and FP Markets fees, of course. Make sure you do your research and check the commission and fees with both ChoiceTrade and FP Markets before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with ChoiceTrade or FP Markets be aware of or 3rd party payment provider fees and currency conversion fees.

ChoiceTrade does charge inactivity fees, while FP Markets does not charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant ChoiceTrade and FP Markets accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your ChoiceTrade or FP Markets account, or choose to close it.

Usually, the associated fees for dormant ChoiceTrade or FP Markets accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live ChoiceTrade or FP Markets trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like ChoiceTrade or FP Markets you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay ChoiceTrade or FP Markets nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how ChoiceTrade vs FP Markets compare side by side for commissions and fees.

Broker choicetrade FP Markets IC Markets
Min Deposit 250 100 200
Inactivity Fees No No
Withdrawal Fees $2.5 No No
Deposit Fees Yes Varies

ChoiceTrade Vs FP Markets Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the ChoiceTrade and FP Markets platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an ChoiceTrade or FP Markets demo account.

Broker choicetrade FP Markets IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 No No Yes
Offers cTrader Yes Yes Yes

ChoiceTrade Vs FP Markets Mobile Trading

Trading on your mobile with ChoiceTrade and FP Markets can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and ChoiceTrade and FP Markets mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with ChoiceTrade or FP Markets. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with ChoiceTrade or FP Markets can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with ChoiceTrade or FP Markets is essential. Likewise, if you have an android phone, it's crucial to verify if ChoiceTrade or FP Markets broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if ChoiceTrade and FP Markets have trading apps compatible with your device.

Broker choicetrade FP Markets IC Markets
Web Platform Yes Yes Yes
IOS Trading App yes Yes Yes
Android Trading App yes Yes Yes
Microsoft Trading App yes No Yes

ChoiceTrade Vs FP Markets Trading Account Types Offered

ChoiceTrade Vs FP Markets Demo Account

A demo account with ChoiceTrade or FP Markets is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an ChoiceTrade and FP Markets demo account.

ChoiceTrade Vs FP Markets Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if ChoiceTrade or FP Markets offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

ChoiceTrade does not offer clients Micro accounts, while FP Markets does offer clients Micro accounts.

ChoiceTrade Vs FP Markets Standard Account

A standard account is available on ChoiceTrade and FP Markets to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

ChoiceTrade does not offer clients Standard accounts, while FP Markets does offer clients Standard accounts.

ChoiceTrade Vs FP Markets MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with ChoiceTrade or FP Markets or alternative.

ChoiceTrade does not offer clients MAM accounts, while FP Markets does offer clients MAM accounts.

ChoiceTrade Vs FP Markets ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with ChoiceTrade or FP Markets or alternative.

ChoiceTrade and FP Markets do not offer clients ECN accounts.

ChoiceTrade Vs FP Markets Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with ChoiceTrade or FP Markets or alternative.

ChoiceTrade and FP Markets do not offer clients Islamic accounts.

ChoiceTrade Vs FP Markets STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with ChoiceTrade or FP Markets or alternative.

ChoiceTrade and FP Markets do not offer clients STP accounts.

ChoiceTrade Vs FP Markets Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

ChoiceTrade and FP Markets do not offer clients Managed accounts.

Broker choicetrade FP Markets IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No Yes No
Offers Standard Accounts No Yes Yes
Offers MAM Accounts No Yes Yes
Offers ECN Accounts No No No
Offers Islamic Accounts No No Yes
Offers STP Accounts No No No
Offers Managed Accounts No No No

ChoiceTrade Vs FP Markets Withdrawal and Funding Methods

ChoiceTrade and FP Markets have multiple deposit and withdrawal options. Funding and withdrawing from your ChoiceTrade and FP Markets accounts to your chosen payment method should be straightforward. Lets see how ChoiceTrade and FP Markets compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from ChoiceTrade or FP Markets.

Broker choicetrade FP Markets IC Markets
Payment Methods Credit cards, Debit Cards, Bank Transfer, Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, eWallets, Neteller, PayPal, ApplePay, GooglePay, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, PayTrust88, PerfectMoney, DragonPay, Rupee, Pagsmile, Rapyd, Rapid, XPay, Finrax, LetKnowPay, LuqaPay, PayRetailers, VirtualPay, PaymentRush, B2Binpay, SticPay, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

ChoiceTrade Vs FP Markets Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of ChoiceTrade or FP Markets support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the ChoiceTrade and FP Markets support is always available when needed. ChoiceTrade and FP Markets customer support is not just useful. broker customer support is crucial to your trading success!

ChoiceTrade Vs FP Markets Live Chat

Live chat is important for several reasons. When you encounter a problem with ChoiceTrade or FP Markets trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both ChoiceTrade and FP Markets offer livechat support.

ChoiceTrade Vs FP Markets Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either ChoiceTrade or FP Markets you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the ChoiceTrade or FP Markets support team to answer satisfactorily. Email support with ChoiceTrade and FP Markets will be needed.

Both ChoiceTrade and FP Markets offer email support.

ChoiceTrade Vs FP Markets Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either ChoiceTrade or FP Markets. We can get straight to the point, saving us time and frustration.

Both ChoiceTrade and FP Markets offer phone support.

Lets see how ChoiceTrade and FP Markets customer support compare side by side.

Broker choicetrade FP Markets IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone (877) 731-9114 61 (0)2 8252 6800 No

ChoiceTrade Vs FP Markets Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether ChoiceTrade and FP Markets are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that ChoiceTrade or FP Markets have these in place, please be extremely cautious before you proceed with them.

We compare ChoiceTrade Vs FP Markets financial regulation and licensing side by side below.

Broker choicetrade FP Markets IC Markets
FCA Regulation No No No
CySEC Regulation No Yes No
MiFID Regulation No No No
ASIC Regulation No Yes No
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

ChoiceTrade Vs FP Markets Risk Management Features

When trading with either ChoiceTrade or FP Markets you will want to understand and make full use of all the risk management features on your ChoiceTrade or FP Markets trading platforms.

We compare side by side the trading risk management features offered by ChoiceTrade and FP Markets below.

ChoiceTrade Vs FP Markets Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

ChoiceTrade does not offer clients hedging, while FP Markets does offer clients hedging.

ChoiceTrade Vs FP Markets Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both ChoiceTrade and FP Markets do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on ChoiceTrade or FP Markets. You must still monitor any live trades and your financial exposure and financial risk.

ChoiceTrade Vs FP Markets Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both ChoiceTrade and FP Markets do offer clients limit orders.

ChoiceTrade Vs FP Markets Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both ChoiceTrade and FP Markets do offer clients negative balance protection.

Broker choicetrade FP Markets IC Markets
Offers Hedging No Yes Yes
Negative Balance Protection Yes Yes
Guaranteed Stop Loss No No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes Yes

ChoiceTrade Vs FP Markets Verdict

We hope this ChoiceTrade Vs FP Markets guide has helped you decide who is best to trade with out of ChoiceTrade and FP Markets.

When choosing a broker like ChoiceTrade or FP Markets for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with ChoiceTrade or FP Markets are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as ChoiceTrade or FP Markets, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with ChoiceTrade or FP Markets.

Also, before you sign up with online brokers like ChoiceTrade or FP Markets, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with ChoiceTrade or FP Markets before investing money into something.

Beware of the risks that come with trading with ChoiceTrade or FP Markets. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all ChoiceTrade and FP Markets educational resources and financial research tools. If you are new to trading, sign up for a demo account with ChoiceTrade and FP Markets to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using ChoiceTrade or FP Markets will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if ChoiceTrade and FP Markets fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with ChoiceTrade or FP Markets if your investment strategy is more long-term.

ChoiceTrade and FP Markets Alternatives

If ChoiceTrade and FP Markets are not what you are not quite what you are looking for we list some of the best ChoiceTrade and FP Markets alternatives below.

Other ChoiceTrade and FP Markets Vs Comparisons

If you are still looking for an alternative to ChoiceTrade and FP Markets and want to see how ChoiceTrade or FP Markets compares Vs other brokers check out the ChoiceTrade Vs and FP Markets Vs list below.

ChoiceTrade Vs Alternatives

Still not happy have a look at some of our alternative ChoiceTrade Vs side by side comparisons below

FP Markets Vs Alternatives

Still not happy have a look at some of our alternative ChoiceTrade Vs side by side comparisons below

ChoiceTrade Vs FP Markets Frequently Asked Questions

We answer some of the most frequently asked ChoiceTrade Vs FP Markets questions below.

Is ChoiceTrade any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is ChoiceTrade legit? - ChoiceTrade are regulated by SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) (8-52511) and have been in business since 2009

Is FP Markets any Good?

FP Markets are regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) and have been in business since 2005.

Which is better ChoiceTrade or FP Markets?

ChoiceTrade does not have a high rating, while FP Markets does not have a high rating.

Is ChoiceTrade a con?

ChoiceTrade is regulated by SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) (8-52511) and have been in business since 2009. We recommend looking at a ChoiceTrade alternative that has more financial regulation.

Is FP Markets a con?

FP Markets is regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) and have been in business since 2005. We recommend looking at a FP Markets alternative that has more financial regulation.

What happens if ChoiceTrade or FP Markets go bust?

ChoiceTrade and FP Markets are regulated, which means that as part of their regulatory obligations ChoiceTrade and FP Markets have to offer a certain level of financial protection to their clients. ChoiceTrade and FP Markets should by law keep client funds separate from ChoiceTrade and FP Markets funds. If either ChoiceTrade or FP Markets goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the ChoiceTrade and FP Markets websites and regulators.

Are ChoiceTrade or FP Markets good for beginners?

ChoiceTrade and FP Markets offer low deposits and access to a selection of market insights and news resources. Both ChoiceTrade and FP Markets offer demo accounts. Demo trading accounts are a big plus for ChoiceTrade and FP Markets as it shows they are interested in their customers.


Learn more Learn more about ChoiceTrade.
Your capital is at risk