Compare forex brokers FP Markets VS Merit Forex

If you're choosing between FP Markets and Merit Forex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FP Markets better than Merit Forex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FP MARKETS VS MERIT FOREX

FP Markets
FP Markets Overview

FP Markets is an Australian online brokerage firm that is regulated by ASIC. FP Markets offers clients with true ECN spreads on its sophisticated platforms.

Merit Forex
Merit Forex Overview

Merit Forex is a financial service firm registered and licensed in the Republic of Vanuatu. The brand offers forex/CFD trading on the MT4 and MT5 trading platforms.

# Broker's Features FP MARKETS Availability MERIT FOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FP Markets vs Merit Forex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FP Markets offers Online Financial Trading and Investment Services Such as IRESS DMA Equities 10,000+, while Merit Forex offers Currencies, Commodities, Indices, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FP Markets is ECN, STP, while Merit Forex is Dealing Desk.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FP Markets recommended minimum capital is 100, while Merit Forex has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FP Markets is regulated by ASIC, while Merit Forex regulated by VFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FP Markets offers USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD different account currencies for each account types, while Merit Forex offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FP Markets offers English, Spanish, Italian, Portuguese, German, Fre, while Merit Forex offers English, German, Italian, Russian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FP Markets offers Bank Wire Transfer, Credit/Debit Cards, Debit Card, Skrill, Netell different payment methods for each account types, while Merit Forex offers Credit/Debit Cards, Cryptocurrencies, Neteller, Skrill, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FP Markets makes MT4, MT5, WebTrader and IRESS available to clients, while Merit Forex offers MT5.

The Verdict: FP Markets or Merit Forex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FP Markets is more reliable based on our criteria above. FP Markets has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. FP Markets offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FP Markets offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FP Markets has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FP Markets broker offers lower minimum deposit requirement. As FP Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

What We Really Like on FP Markets

FP Markets offers very low forex fees. The account opening is exceptionally easy and fast. From demo account to Ebooks you will find many high-quality educational tools.

What We’d Like More on FP Markets

The stock CFD fees are quite high. The product portfolio is limited, only CFD, forex, crypto, and stocks on the ASX are offered. With FP Markets you will not have any investor and negative balance protection.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?