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FP Markets vs FlowBank 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is FP Markets better than FlowBank? In our analysis of 23 international regulators across 39 of the best forex brokers, FP Markets is considered average-risk, with an overall Trust Score of 86 out of 99. FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.

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Overall RatingFP MarketsFlowBankIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars5 Stars
Offering of Investments4.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score867799
Winnercheck_circle
ReviewFP Markets ReviewFlowBank ReviewIG Review
RegulationFP MarketsFlowBankIG
Trust Score867799
Year Founded200520201974
Publicly Traded (Listed)NoNoYes
BankNoYesYes
Tier-1 Licenses117
Tier-2 Licenses202
Tier-3 Licenses001
Authorised in European UnionYesNoYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)FP MarketsFlowBankIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoYesYes
FCA Authorised (U.K.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)FP MarketsFlowBankIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)FP MarketsFlowBankIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsFP MarketsFlowBankIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)995640860019537
Forex Pairs (Total)6351100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).
CostFP MarketsFlowBankIG
Average Spread EUR/USD - Standard1.2 (August 2022)N/A0.86 (September 2022)
All-in Cost EUR/USD - Active0.7 (August 2022)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingFP MarketsFlowBankIG
Minimum Initial Deposit$100 AUD$0.00£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesNoNo
Visa/Mastercard (Credit/Debit)YesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFP MarketsFlowBankIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsFP MarketsFlowBankIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303733
Charting - Drawing Tools (Total)151720
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingFP MarketsFlowBankIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / StudiesMetaTrader (Default)533
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchFP MarketsFlowBankIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistYesNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationFP MarketsFlowBankIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsFP MarketsFlowBankIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFP Markets ReviewFlowBank ReviewIG Review
OverallFP MarketsFlowBankIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars5 Stars
Offering of Investments4.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score867799
Winnercheck_circle
ReviewFP Markets ReviewFlowBank ReviewIG Review
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FP Markets vs FlowBank Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs FlowBank.

Does FP Markets or FlowBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or FlowBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both FP Markets and FlowBank hold 1 global Tier-1 licenses. FP Markets holds 2 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, FP Markets earned a higher Trust Score than FlowBank.

Which trading platform is better: FP Markets or FlowBank?

To compare the trading platforms of both FP Markets and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FP Markets and FlowBank offer MetaTrader 4 (MT4).FP Markets and FlowBank both offer copy trading.

How many forex pairs and CFDs are available to trade?

FP Markets provides traders 63 currency pairs (e.g., EUR/USD) compared to FlowBank's 51 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while FP Markets has 9956 available CFDs, a difference of 398644.

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Is FP Markets good?

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.

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Overall winner: IG

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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.

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