Written by ForexBrokers.com
In this head to head comparison of FP Markets vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets and ATFX are both respected names in the world of online trading, and each has established its own niche over the years. Founded in 2005, FP Markets is an Australian online broker that is highly regarded for its regulatory adherence. It is not publicly traded, nor is it a bank, but it holds two Tier-1 licenses and one Tier-2 license. These credentials contribute to its solid Trust Score of 89 out of 99 as per ForexBrokers.com, classifying it as a trusted trading platform.
On the other hand, ATFX is a UK-based broker that began operations in 2017. Similar to FP Markets, it is not publicly traded and is not a banking institution. However, ATFX boasts of four Tier-1 licenses and two Tier-2 licenses, showcasing a strong regulatory framework. Despite this, its Trust Score is 85 out of 99, which still positions it as a trusted broker but slightly behind FP Markets in this specific metric. Both brokers provide secure options for traders seeking regulated environments.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Year Founded | 2005 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing online brokers FP Markets and ATFX on the basis of commissions and fees, FP Markets stands out as a compelling choice for traders seeking cost-effective solutions. FP Markets boasts competitive pricing through its MetaTrader and cTrader platforms, particularly excelling with its commission-based ECN account. Recognized as Best in Class for Commissions and Fees in the 2024 Annual Awards, FP Markets offers features like Direct Market Access (DMA) with its share CFD offering on Iress. However, its Iress ViewPoint account might be less budget-friendly, designed more for active traders with substantial balances. With an overall rating of 5 stars, FP Markets ranks sixth out of 62 brokers for its cost efficiency.
FP Markets' Raw ECN account features an attractive spread averaging 0.1 pips, becoming 0.8 pips when commissions are included. In contrast, its Standard account appears more costly with higher spreads averaging 1.1 pips. Furthermore, traders have the flexibility to choose between spread-only standard accounts or commission-based Raw accounts on the cTrader platform, with a transparent flat rate of $6 per round-turn for standard forex lots. Meanwhile, the Iress platform in Australia requires different account types with varying deposit needs, where avoiding additional fees is possible for higher-tier accounts. The investor account is a more economical option but comes with limitations in data accessibility and charting features.
On the other hand, ATFX does not provide average spread data, making it hard to gauge its competitiveness against FP Markets. With a 3-star rating for commissions and fees, ATFX ranks much lower, at 59th out of 62 brokers in the same category. This significant gap highlights FP Markets as a more favorable option for traders prioritizing lower commissions and fees.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Minimum Deposit | $100 AUD | $500 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and ATFX, FP Markets stands out with an extensive selection of 10,000 tradable symbols, significantly more than ATFX's 150. Both platforms offer an impressive array of forex trading opportunities, providing access to 71 and 44 forex pairs, respectively. While neither broker offers exchange-traded securities on U.S. or international exchanges, both facilitate trading in cryptocurrency derivatives, although not direct cryptocurrency purchases. Additionally, both brokers support copy trading, catering to investors interested in mimicking successful trading strategies.
In terms of investment options, FP Markets is highly regarded with a 4.5-star rating, placing it at 18th out of 62 brokers according to ForexBrokers.com rankings. ATFX, on the other hand, earns a 3.5-star rating in the same category, ranking 57th. This distinction highlights FP Markets as a more versatile platform for traders seeking a wide range of investment options, whereas ATFX might be better suited for those looking for a more streamlined selection.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 150 |
| Forex Pairs (Total) | 71 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both FP Markets and ATFX offer traders a range of trading platforms and tools suited for various needs. One major difference is that FP Markets provides a proprietary platform developed in-house, while ATFX does not. Both brokers allow for simulated trading with free virtual demo accounts, and they offer popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The availability of web-based platforms and Windows-based desktop download options ensures flexibility for traders using either broker. Moreover, both FP Markets and ATFX support copy trading, although neither offer DupliTrade or ZuluTrade for automated trading solutions.
When digging deeper into the technical aspects, FP Markets edges slightly ahead with 17 drawing tools for charting compared to ATFX's 15. Both offer a feature to trade directly from stock charts and maintain the same number of columns for creating watch lists, set at seven. Despite these similarities, FP Markets holds a higher rating for trading platforms and tools with four stars, against ATFX's 3.5 stars. Additionally, FP Markets is ranked 23rd out of 62 brokers in the Trading Platforms and Tools category by ForexBrokers.com, whereas ATFX is ranked at #61, indicating a preference for FP Markets when it comes to the overall platform experience.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and ATFX both provide mobile trading apps for iPhone and Android users, offering essential features like stock or forex price alerts and the ability to draw trendlines on charts. Both apps cater to traders looking for flexibility in viewing various time frames on stocks or forex charts and allow the creation of watchlists with real-time quotes. However, neither FP Markets nor ATFX currently supports watchlist symbol syncing across devices. This means changes you make to your watchlist on your mobile app will not automatically sync to your online account.
Despite having several similar features, FP Markets edges out ATFX in certain areas. FP Markets uses the MetaTrader platform for charting, an industry favorite for technical studies, whereas ATFX offers seven technical studies. Notably, the drawing tools are auto-saved in both mobile apps, ensuring that your analyses remain intact. When it comes to user ratings, FP Markets earns 4 stars for its mobile app compared to ATFX's 3.5 stars. Reflecting these evaluations, FP Markets is ranked 18th out of 62 brokers by ForexBrokers.com in the Mobile Trading Apps category, considerably higher than ATFX, which sits at 62nd place.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and ATFX both provide daily market commentary, showing their dedication to keeping traders informed and updated. When it comes to forex news, FP Markets leads the way by offering insights from top-tier sources like Bloomberg and Reuters. In contrast, ATFX does not provide news from these premium outlets, which may be a consideration for traders who rely on timely and high-quality information.
Both brokers support technical analysis through tools like Autochartist and Trading Central, empowering traders with detailed analytical capabilities. However, FP Markets goes a step further by offering sentiment-based trading tools for a broader view of market trends, a feature not available with ATFX. While neither broker provides services from TipRanks or Acuity Trading, they both offer economic calendars to track global news events. Ultimately, FP Markets outperforms ATFX in research, earning a 4-star rating and ranking 25th out of 62 brokers, while ATFX holds a 3-star rating and ranks 54th, illustrating a distinct difference in the breadth and depth of their research offerings.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners between FP Markets and ATFX, it's clear both provide a comprehensive selection of materials designed to support new traders. FP Markets provides educational content on forex and CFDs that includes over 10 articles, videos, and archived webinars, mirroring ATFX's offerings in this regard. However, FP Markets distinguishes itself by hosting monthly online webinars, which ATFX does not offer. Both brokers maintain a searchable archive of past webinars, facilitating ease of access for learners seeking to revisit content.
Furthermore, FP Markets has a more extensive library of advanced educational videos tailored for experienced traders, a resource that ATFX lacks. Both brokers offer over 10 beginner videos to help newcomers get started. They also each provide an investor dictionary with definitions of over 50 investing terms. Overall, FP Markets receives a higher rating and ranking in educational resources, earning 4 out of 5 stars and placing 23rd out of 62 brokers on ForexBrokers.com, while ATFX follows with 3 stars and a 28th rank. These differences highlight FP Markets' superior offerings for those prioritizing comprehensive education in their trading journey.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FP Markets is better than ATFX. FP Markets finished with an overall rank of #19, while ATFX finished with an overall rank of #51.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
ATFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 89 | 85 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FP Markets and ATFX do not allow the purchase of actual (delivered) cryptocurrency, but they both offer the ability to buy cryptocurrency derivatives.
When comparing the online brokers FP Markets and ATFX in terms of deposit and withdrawal options, both do not offer ACH or SEPA transfers, FP Markets supports PayPal unlike ATFX, while both platforms offer Skrill, Visa or Mastercard, and bank wire transfers as available options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | ATFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | ATFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FP Markets | ATFX | |
|---|---|---|---|
| Trust Score | 89 | 85 | |
| Year Founded | 2005 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 150 | |
| Forex Pairs (Total) | 71 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | ATFX | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | ATFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | ATFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review |
| Overall | FP Markets | ATFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill