FP Markets vs selftrade, Updated for 2024
FP Markets Rating
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selftrade Rating
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Losses can exceed deposits |
Your capital is at risk |
FP Markets vs selftrade Guide |
Read our In-Depth FP Markets vs selftrade Review - Updated for 2024
Our review comparing FP Markets and selftrade has been refreshed for 2024 from knowledgeable insiders boasting significant financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of FP Markets vs selftrade does not apply to all countries as follows:
FP Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FP Markets vs selftrade
All platforms for online trading has a few pros and cons, and any comprehensive review of FP Markets and selftrade should not be complete without embracing an objective perspective.
Examine FP Markets and selftrade in order to understand just how they stack up against one another before you decide to create an account. Conducting a comprehensive comparison will bring aspects into perspective to ensure that you are informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between FP Markets or selftrade. Who is better in 2024?
This FP Markets vs selftrade comparison contains the latest information so you can easily compare selftrade against FP Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the ideal agent who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. FP Markets and selftrade are just two such trading platforms which will take you and your investment to great heights. It's crucial to compare FP Markets vs selftrade before you trust them with your money.
Our FP Markets vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FP Markets and selftrade side by side.
Our entire FP Markets vs selftrade Review covers all you need to learn about trading using either FP Markets or selftrade. A fantastic broker can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
FP Markets and selftrade are both brokers that have found their way successfully to the broker world. In this review, we've attempted to collate a number of the vital facets of both FP Markets and selftrade. This review can allow you to understand whether either selftrade or FP Markets is a fantastic match for your investments or not. We have tried to breakdown all the qualities and charges for your advantage.
Benefits of FP Markets and selftrade Compared
FP Markets has a minimum deposit of $100 while selftrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how FP Markets and selftrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
FP Markets allows you to trade around 100 financial instruments while selftrade allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the FP Markets and selftrade platforms the better. 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 should never want to miss out on a trading opportunity due to the limitations of FP Markets or selftrade.
FP Markets and selftrade Contact Details
Being able to contact a broker easily is important. FP Markets and selftrade have the following contact details and social medias that you can use.
Broker | FP Markets | selftrade |
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Telephone Number | +44 28 2544 7780 | |
supportteam@fpmarkets.com | ||
Address | First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines | |
FP Markets Twitter Account | selftrade Twitter Account | |
FP Markets Facebook Page | selftrade Facebook Page | |
FP Markets Instagram Account | selftrade Instagram Account | |
FP Markets LinkedIn Page | selftrade LinkedIn Page | |
YouTube | FP Markets YouTube Channel | selftrade YouTube Channel |
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selftrade and FP Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing FP Markets and selftrade will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
FP Markets vs selftrade - Awards
Broker | FP Markets | selftrade |
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Awards |
FP Markets have won numerous industry awards over the years they have been running as an online broker. We show the most recognised awards for FP Markets here.
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At the time of writing this selftrade review, and despite selftrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
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FP Markets vs selftrade - Frequently Asked Questions
FP Markets vs selftrade - Headquarters And Year Of Founding
FP Markets was founded in 2005 and has its headquaters in Australia.
selftrade was founded in 2013 and has its head office in Australia.
What is the minimum deposit for selftrade or FP Markets
The minimum deposit for FP Markets is $100.
The minimum deposit for selftrade is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both FP Markets and selftrade are a good choice.
FP Markets vs selftrade - Regulation And Licencing In More Detail
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
selftrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304.
Both FP Markets and selftrade have a strong collection of rules for ensuring fair trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare FP Markets vs selftrade Commission And Fees
FP Markets and selftrade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those that are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither FP Markets or selftrade charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by FP Markets and selftrade are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This FP Markets vs selftrade review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For FP Markets And selftrade
What Languages Do FP Markets And selftrade Support?
Being able to communicate completely with your trading platform is a key element when comparing online brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both FP Markets and selftrade support.
Broker | FP Markets | selftrade |
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Languages Supported | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | |
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How Many Clients Do FP Markets and selftrade Have?
Both FP Markets and selftrade are well established with their client base. It is important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users FP Markets and selftrade have
Broker | FP Markets | selftrade |
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Clients / Users | 10,000+ | 14,000,000+ |
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What Payment Methods Do FP Markets and selftrade Accept?
FP Markets and selftrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at FP Markets and selftrade
Broker | FP Markets | selftrade |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | Yes |
Skrill | Yes | Yes |
Payoneer | No | Yes |
Neteller | Yes | Yes |
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What Can You Trade With FP Markets and selftrade?
FP Markets offers 100 trading instruments and selftrade offers 187.
Below you will find a full breakdown of what both FP Markets and selftrade offer.
FP Markets Review
FP Markets vs selftrade:
Table Of Contents
- Compare FP Markets vs selftrade
- Benefits of FP Markets and selftrade Compared
- selftrade and FP Markets Mobile App Comparison
- FP Markets vs selftrade - Awards
- FP Markets vs selftrade - Frequently Asked Questions
- What is the minimum deposit for selftrade or FP Markets
- FP Markets vs selftrade - Regulation And Licencing In More Detail
- Compare Broker Fees For FP Markets And selftrade
- What Languages Do FP Markets And selftrade Support?
- How Many Clients Do FP Markets and selftrade Have?
- What Payment Methods Do FP Markets and selftrade Accept?
- What Can You Trade With FP Markets and selftrade?