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

Broker Name

Vanguard

FP Markets

Broker Overview

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

STP and ECN broker

ECN broker

Years of Existence / Established Year

1975

2005

Customer Base / Number of Accounts

50M+

No information

Regulation & Security

Regulations (governing bodies)

SEC

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

AML, SIPC, FIDC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

3,400 mutual funds and 191 Vanguard products including CDs, Cash investment, Index funds, Retirement funds, Actively managed funds, ESG funds

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

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

User-friendly web interface & mobile app

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

IRAs, Brokerage accounts, 529 saving plans, Cash management, UGMA/UTMA, Small business retirement, 403(b) services

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)

99,999 shares

Depends on the asset type

Commission (per account type)

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

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Electronic bank transfer, Wire transfer, Vanguard account, Direct account, Check

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

Withdrawal Methods

Electronic bank transfer, Automatic investment plan, Automatic withdrawal plan, Wire redemption, Mobile check investment

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.)

Investor Education, Retirement Resources, Market Analysis and Insights, Webinars and Online Seminars, Investment Guides and Tools

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

Fees & Commissions

Trading-Related Fees

Commission- $0, 30-day median bid/ask spread - Vanguard Advisors

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

Spread (typical, fixed, variable)

Variable

Typical

Per Lot Fees

Options Contract Fees

$0 base fee, $1 per contract

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

$15- $30/ year

$70

Swap Fees (Overnight Financing)

Yes

Long- $5.79, short- $2.59

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$25

Deposit Fee

Currency Conversion Fee

Vanguard uses its own exchange rate

Starts from 0.06 to 0.30 %

Withdrawal Fee

Wire transfer- $10

Upto $50

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Monday through Friday, 9:30 a.m. to 4 p.m., Eastern time

Depends on the instrument offer

Customer Support

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

Monday to Friday, 8:00 am - 8:00 pm EST

24/7

Customer Support Methods (phone, email, live chat)

Phone: 877-662-7447, E-mail: [email protected]

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

Support Languages

12+

Additional Information

Headquarters Location

Valley Forge, Pennsylvania, 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.

Vanguard stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, FP Markets offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Account approval at Vanguard is usually completed within hours, often with automated ID checks. FP Markets might take longer due to manual reviews, but provides in-depth onboarding support along the way.

Vanguard provides a modern trading experience with its proprietary platform, ideal for technical traders. FP Markets, on the other hand, offers more research tools and is better suited for data-driven investors.

If you're after professional-grade platforms, Vanguard may be ideal. For casual investors, FP Markets offers a low-barrier entry.

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