FXREVIEW — FXVIEW or FPMARKETS?

Another day goes by with another review.

So, I have been checking out these brokers recently on various forums, they are called FP Markets, so I was thinking of creating a review on both Fxview and FP Markets.

As always, they are both well recognized forex brokers with a solid reputation. Fxview is backed by CySEC and FCA, meanwhile FP Markets is under CySEC and ASIC. In short, they are a solid forex broker backed with strong regulatory bodies.

Now, let’s find out the pros and cons of these two brokers so that you can choose which brokers fit to your style of trading after breaking down their trading conditions which are spreads, commissions, payment methods, and extra services provided by Fxview and Fp Markets:

• SPREADS

So according to this, you can see that both have good sides and bad sides when it comes to various instrument derivatives. So, I think it is safe to say that both are a draw when it comes to spreads

• COMMISSION

Fxview — $2/100k RT

FP Markets — $6/100k RT

Commission is based on Forex Raw, as per their website. And we can see that fxview is beating the other in that. Now, let’s try adding spreads and commission together to see which forex broker comes out first.

Fxview is faring so much better, thanks to their commission charges.

• PAYMENT METHODS

From what I can see, both Fxview and FP Markets allow using a wide range of payment methods including credit card, debit card, and payment wallets including Neteller and Skrill, and many others.

• DEPOSITS & WITHDRAWALS

Deposits and withdrawals of both forex brokers take within 24 hours for the whole process to be completed, which is good. Apart from card and bank wire transfer, FP Markets is charging fees for withdrawing via third party apps/wallet. There is no fees for both deposit and withdrawals with Fxview

• SERVICES

The services offered by both brokers are free of cost when it comes to using trading platforms, trading tools and many more. But as can be seen with FP Markets, they are charging $55/monthly for using IressTrader/ViewPoint. As again, there is a discrepancy when it comes to inactivity fees.

Fxview — 25 euros will be charged for the inactivity of an account for 18 complete months. If there is still no activity for another 6 months, you will be charged another 25 euros along with the closing of your account.

FP Markets — No inactivity fees are being charged for not using an account for a lifetime.

CONCLUSION

At the end of the day, I will say that both are very good brokers to open an account considering they are very well regulated. But judging from what I have written, it looks like Fxview is so much better cost effective as compared to the Fp Markets, also spreads are quite mixed with both brokers. I will say that the final decision will be dependent on you. Consider opening a demo trading with Fxview and FP Markets and see which one suits you the best.

Rest the choice is up to you.

Hope this helps!