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

Broker Name

FP Markets

Venom Trading

Broker Overview

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

ECN broker

ECN

Years of Existence / Established Year

2005

2004

Customer Base / Number of Accounts

No information

Info not available

Regulation & Security

Regulations (governing bodies)

ASIC, CySEC, FSCA, FSA, SVG

FINRA NFA SIPC

Awards Won (count for the last 2 years)

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.

Best in class for professional trading by stockbrokers.com

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)

10,000+ trading instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

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.)

Venom mobile Venom desktop Venom web

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes except Mac

Account Types & Conditions

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

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

Individual account IRA account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

$5,000

Leverage Available

500:1

1:4

Trade Limit (maximum per trade)

Depends on the asset type

Trade size vary on each asset

Commission (per account type)

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

Beginners to experienced traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

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

Wire transfer ACH transfer Online bill pay

Withdrawal Methods

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

ACATS DWAC DRS

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

Short videos & courses Recorded webinars

Fees & Commissions

Trading-Related Fees

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

Equities - $0.004/share Options - $0.75 per contract Futures - $1.25 / contract

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0.75 per contract

Futures Contract Fees

$1.25 per contract per side

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

500:1

1:4

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

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

IRA - $7.5 quarterly fee

Deposit Fee

Currency Conversion Fee

Starts from 0.06 to 0.30 %

Vary for different exchanges

Withdrawal Fee

Upto $50

Wires - $10 Checks - $4 ACH/EFT - $1 SEPA - NA

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)

Depends on the instrument offer

Monday to Friday - 7am to 4.30pm CST

Customer Support

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

24/7

24/5 weekday customer service

Customer Support Methods (phone, email, live chat)

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

Ph-877-792-6272 Customer service line - 877-442-2757 Fax - 972-491-3111 Email - [email protected]

Support Languages

12+

Additional Information

Headquarters Location

Sydney,Australia

3008 E. Hebron Pkwy Building 400, Carrolton TX 75010

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.

While FP Markets maintains low trading fees with no minimum deposit, Venom Trading includes some charges for premium features and certain asset trades, making FP Markets the better option for budget-focused traders.

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

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

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

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