FP Markets Pros
MT5 offers a wide range of powerful analytical tools, including 38 technical indicators that allow simultaneous display of up 100 stock quotes charts and currencies
MT 5 integrates tools to perform full fundamental analysis including an economic calendar
Market Depth, or Depth of Market [DOM], is another advantage to MT5, which displays active Bids/Offers in the market
MT5 users have access to many more tools than MT4
Programmers can also get many free tools
You can make your own tools if you have programming experience
MT5 supports netting and hedging options
There are four order execution operations available: Instant' Request', Market', and Exchange' execution
The platform supports various trade orders, including 'Market' (pending), 'Stop Orders’ and 'Trailing Stop Orders’
Algorithmic trading (copy trading), is one of the best features of your MT5
MT5 offers a fully integrated development environment, which allows traders to quickly build and refine their trading strategies using robots
The powerful MQL5 programming language allows traders to evaluate quotes and execute trades according to the underlying algorithm
You can also choose from pre-configured trading software if you're not a programmer
Mobile trading with MT5 allows traders to trade Forex, stocks and futures from anywhere and at any time
You can now carry the MT5 trading platform's vast capabilities in your pocket
MT5 Mobile offers many trading options and facilities, including netting and hedging
The app provides professional technical analysis via a set of built-in indicators and analytical items
MT5 Mobile allows you to quickly review your transactions, purchase and sell currencies, and swap assets in one click
FP Markets Cons
Although the new FP Markets app for mobile is a welcome addition to mobile trading, it still lacks many key features that are found in other top apps.
Although the educational content in FP markets isn't very strong, it has improved through podcasts.
FP Markets Iress platform focuses primarily on share trades and not forex. If you don't trade regularly or have a large balance, data fees can add up quickly.
FP Markets has a social trading portal that is compatible with MetaTrader 4 although it does not offer advanced performance metrics such copy trading leaders.