TD Direct Investing vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

TD Direct Investing

FP Markets

Broker Overview

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

None

ECN broker

Years of Existence / Established Year

1984

2005

Customer Base / Number of Accounts

17 M

No information

Regulation & Security

Regulations (governing bodies)

CIPF, 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

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Fixed income investments, GICs

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

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.)

TD app, web trader, Advanced dashboard, TD active trader

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP

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)

Depends on asset types

Depends on the asset type

Commission (per account type)

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

Beginners and experienced traders

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Direct bank account, Check

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

Withdrawal Methods

SWIP, Wire payment

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.)

Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum

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

Fees & Commissions

Trading-Related Fees

Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000

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

$9.99 + $1.25 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

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

$2-$5

Account Opening Fee

Applicable, Depends on account types

Account Maintenance Fee

$25 per quarter

Deposit Fee

$17.50 U.S

Currency Conversion Fee

2.50%

Starts from 0.06 to 0.30 %

Withdrawal Fee

$30-$100

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)

Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)

Depends on the instrument offer

Customer Support

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

Monday to Friday, 7 am to 10 pm ET

24/7

Customer Support Methods (phone, email, live chat)

Phone: 1-800-465-5463, , Book an appointment

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

Support Languages

12+

Additional Information

Headquarters Location

66 Wellington Street West, Toronto, ON M5K 1A2

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.

TD Direct Investing 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.

TD Direct Investing makes starting out easy with a simple application, especially for retail clients. FP Markets platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.

Traders who value simplicity and execution speed may prefer TD Direct Investing platform. Meanwhile, FP Markets offers more flexibility through tools like advanced order types and multi-screen support.

TD Direct Investing delivers a robust ecosystem for seasoned traders, whereas FP Markets focuses on ease of access and modern usability.

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