Ally Invest vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Ally Invest

FP Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

None

ECN broker

Years of Existence / Established Year

2005

Customer Base / Number of Accounts

No information

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

ASIC, CySEC, FSCA, FSA, SVG

Awards Won (count for the last 2 years)

No major awards listed

Best CFD Broker - Africa, Best Trading Experience - Africa, Most Trusted Broker in 2023, Best Price Execution in 2024, Most Transparent Broker and Best Trading Conditions in 2024.

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

10,800+ assets including, CDs, Treasuries, Crypto available through external parterns

10,000+ trading instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Yes

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Yes

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Web and mobile platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes except Mac

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

IRA plan, Traditional, Roth IRA, Self-directed trading, Ally Invest Robo portfolios, Personal advice

Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

500:1

Trade Limit (maximum per trade)

Non-Pattern Day Trader-3-day trades in 5 business days, Pattern Day Trade- Unlimited day trades

Depends on the asset type

Commission (per account type)

Best Suited For (e.g., beginners, experienced traders)

Beginners

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

ACH, Wire transfer, Check

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Withdrawal Methods

Wire transfer

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Other E-Wallets Supported

Skrill, Neteller, Asia bank, Stic Pay, Fasa pay, Virtual Pay, Rupee pay, Rapyd, Perfect Money, Crypto payment, Dragon Pya, Rapid transfer

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Trading Education, Market Insights, Webinars, Online Trading Courses, Forex and Options Education

Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary

Fees & Commissions

Trading-Related Fees

Commission-$0

Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0.50

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

500:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

$0.75-$0.85

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Starts from 0.06 to 0.30 %

Withdrawal Fee

Wire transfer- $75

Upto $50

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes- Occasionally

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Pre-market orders between 8:00 am - 9:30 am, ET or post-market orders between 4:00 pm - 5:00 pm ET.

Depends on the instrument offer

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Mon - Fri 7am - 10pm ET, Sat 8am - 8pm ET

24/7

Customer Support Methods (phone, email, live chat)

Hard of hearing call: 711, Phone: 1-888-925-2559, +1-316-652-6430, E-mail: Login to send a secure message, Live chat

Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat

Support Languages

12+

Additional Information

Headquarters Location

Charlotte, North Carolina, USA

Sydney,Australia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Ally Invest is known for competitive pricing on basic trades, especially for beginners. However, FP Markets fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

While Ally Invest prioritizes fast registration with minimal steps, FP Markets focuses on a thorough vetting process that gives more flexibility in choosing account types and features.

Ally Invest platform is great for fast-paced day trading, especially with features like one-click trading. FP Markets platform, by comparison, is built for strategy testing and long-term portfolio management.

Ally Invest stands out for active traders with robust tools, while FP Markets suits investors seeking simplicity and ease of use.

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