FP Marketsvs
FreetradeStock Broker Comparison
FP Markets and Freetrade face off on pricing models and platform breadth. The tension reveals how exchange access and commissions influence investor choice.
Our Verdict
Too close to call0.1 pts apart
FP Markets and Freetrade are closely matched overall. Freetrade's commission-free stock trading differentiates it from FP Markets, which charges commissions.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Freetrade is commission-free for stocks; FP Markets charges commissions.
- 2FP Markets provides access to 15 exchanges; Freetrade covers 3.
- 3FP Markets offers 24/5 live chat; Freetrade does not.
Who should choose FP Markets vs Freetrade?
Find out which stock broker best suits your investing profile.
Choose FP Markets if…
Choose FP Markets if you want genuine DMA access via IRESS to major exchanges. You also gain 24/5 live chat support.
Choose Freetrade if…
Choose Freetrade if you want commission-free stock trading and fractional shares. It supports Stocks & Shares ISA and SIPP in a mobile-first experience.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for low cost trading
Recommended
Freetrade wins for low cost trading due to commission-free stock trading.
Best for safety & regulation
Recommended
FP Markets vs Freetrade: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.1/ 5 | 4.0/ 5 |
| Min deposit | $100 | N/A |
| Spreads from | 0 pips | N/A |
| Commission / lot | $6/lot | N/A |
FP Markets vs Freetrade Stock Broker Pros & Cons
Pros
- IRESS platform provides genuine DMA access to ASX, NYSE, LSE, and other exchanges
- 10,000+ share CFDs available on MT4, MT5, cTrader, and TradingView
- ASIC and CySEC regulation, among the strongest regulatory profiles for a mid-tier broker
- No platform fee for standard share CFD trading (IRESS fee only for DMA users)
Cons
- IRESS DMA incurs a monthly fee (~AUD 55), uneconomical for low-frequency traders
FP Markets vs Freetrade: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
6
FP Markets
criteria wins
2
Freetrade
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Freetrade |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Pass |
| No deposit fee | — | Pass |
| Features | ||
| Fractional shares | Fail | Pass |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Fail |
| Stock screener tool | Pass | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
FP Markets vs Freetrade: Frequently Asked Questions
The scores are close: FP Markets rates 4.1/5 and Freetrade rates 4/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0. Current spread data is not available for Freetrade. Check both brokers' websites for up-to-date spread and commission pricing.
FP Markets requires $100. Minimum deposit information is not currently available for Freetrade.
Both FP Markets and Freetrade hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, FP Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
FP Markets lists maximum leverage of 20:1, while Freetrade lists up to 1:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per trade on commission-based accounts. Commission details for Freetrade are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Freetrade supports Freetrade App. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4. Freetrade has exclusive access to Freetrade App.
Freetrade offers commission-free stock trading while FP Markets does not according to our data. Commission-free trading can reduce costs for frequent traders. Always confirm the current fee structure directly on each broker's website.
Both FP Markets and Freetrade are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
