FP Markets vs Trust Capital: Which Broker Is Best for You?

When selecting a forex broker, it's essential to assess factors like regulation, platforms, account types, fees, and customer support. In this comparison, we'll examine FP Markets and Trust Capital across several key aspects to help you determine which one is the best fit for your trading needs.

Regulation & Fund Security

FP Markets

FP Markets is highly regulated, ensuring safety and transparency for its clients. It is authorized by several respected financial authorities:

• Australian Securities and Investments Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)
• South African Financial Sector Conduct Authority (FSCA)
• Seychelles Financial Services Authority (FSA)
• Saint Vincent and the Grenadines registration

FP Markets guarantees the segregation of client funds from the companys operating capital, using reputable banks to safeguard deposits.

Trust Capital

Trust Capital is regulated by the Seychelles Financial Services Authority (FSA) under license SD122, and also operates under the Lebanese Central Bank (Banque du Liban) and the Capital Markets Authority (CMA). While it has some regulation, it lacks oversight from more globally recognized bodies like ASIC or CySEC, which may be a concern for traders seeking strong regulatory protection.

Trading Platforms

FP Markets

FP Markets provides a variety of industry-leading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, and WebTrader. These platforms support advanced charting, automated trading, and customizable features, available on desktop, mobile, and web versions. FP Markets offers flexibility for traders of all experience levels.

Trust Capital

Trust Capital offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are both popular in the industry. However, it lacks the variety and additional features available through FP Markets' proprietary platforms and tools, making it less versatile for traders seeking advanced options.

Account Types & Fees

FP Markets

FP Markets offers a range of accounts to suit different traders' needs. The Standard Account requires a minimum deposit of $100 AUD and features spreads from 1.0 pip with no commission. The Raw ECN Account, designed for more active traders, requires a $200 AUD deposit and offers spreads starting from 0.0 pips, but charges a $3 commission per side per lot. There are no deposit or withdrawal fees with FP Markets, making it a transparent and cost-effective choice.

Trust Capital

Trust Capital offers several account types, including forex, commodities, and stocks accounts. However, the minimum deposit, spreads, and commissions are not clearly disclosed on their website. The lack of transparency in their fee structure can make it difficult for traders to understand the full cost of trading with them.

Market Selection & Trading Products

FP Markets

FP Markets offers over 10,000 instruments, including 70+ forex pairs, stocks, commodities, indices, cryptocurrencies, and ETFs. This wide range of markets allows traders to diversify their portfolios and explore different asset classes.

Trust Capital

Trust Capital provides access to several markets, including forex, commodities, cryptocurrencies, and stocks. While it offers a decent selection, it lacks the variety and depth found at FP Markets, particularly in less common asset classes like ETFs and a wider selection of global stocks.

Educational Resources & Customer Support

FP Markets

FP Markets provides comprehensive educational resources, including webinars, guides, eBooks, and market analysis. Their 24/5 multilingual customer support is available via live chat, phone, and email, ensuring that traders have access to assistance when needed.

Trust Capital

Trust Capital offers basic educational materials, such as webinars and mentoring. Customer support is available through email, WhatsApp, and live chat, but there is no indication of the same depth of support or educational materials available as FP Markets.

Summary Table

Conclusion

FP Markets is a clear winner when it comes to regulation, platform diversity, market selection, and customer support. Its comprehensive range of tools and educational resources make it a great choice for traders of all levels, while its strong regulatory standing provides additional peace of mind.

Trust Capital, on the other hand, offers some appealing features for traders who focus on forex and cryptocurrency. However, its lack of regulatory oversight from major global authorities, combined with limited transparency around fees and market offerings, may make it a riskier choice.

If you prioritize regulation, platform options, and educational resources, FP Markets is the better choice. For those who are more risk-tolerant and focus on a smaller selection of markets, Trust Capital might still be worth considering.