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Qtrade vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Qtrade
FP Markets
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN broker
Years of Existence / Established Year
2000
2005
Customer Base / Number of Accounts
1Million
No information
Regulation & Security
Regulations (governing bodies)
IIROC, CIRO
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
CIPF
No
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income
10,000+ trading instruments
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
No
Options
Yes
No
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
Yes
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Qtrade trading platform
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF
Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$100
Leverage Available
No
500:1
Trade Limit (maximum per trade)
$500,000
Depends on the asset type
Commission (per account type)
$0
$3
Best Suited For (e.g., beginners, experienced traders)
Long term investor and self-directed investment options
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Electronic fund transfer,bank transfer, e-transfer services, Bill payment
Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker
Withdrawal Methods
Bank transfer
Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker
Other E-Wallets Supported
No
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
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education- New to investing, Experienced with investing, Weekly Market Pulse
Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary
Fees & Commissions
Trading-Related Fees
Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades
Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread
Spread (typical, fixed, variable)
NA
Typical
Per Lot Fees
NA
$2
Options Contract Fees
$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
500:1
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
$70
Swap Fees (Overnight Financing)
$45 / security
Long- $5.79, short- $2.59
Statement or Document Fee
$2.50 / trade Paper account statements $6 / quarter
NA
Account Opening Fee
$100 setup + $50 / year after first year
$0
Account Maintenance Fee
$25/ quarter
$0
Deposit Fee
$0
$0
Currency Conversion Fee
$100 / transaction
Starts from 0.06 to 0.30 %
Withdrawal Fee
Account transfer out $150
Upto $50
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-market trading: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET
Depends on the instrument offer
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday 8:30 am to 8:00 pm ET
24/7
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], 1.877. 787.2330
Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat
Support Languages
2
12+
Additional Information
Headquarters Location
Canada
Sydney,Australia
Complaints (for crypto brokers)
No
No
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