FP Markets Pros
MT5 provides a range of powerful analytical tools including 38 technical indicators, which allow simultaneous display up to 100 stock quotes charts or currencies
MT 5 integrates tools for full fundamental analysis, including an economic calendar
Market Depth or Depth of Market [DOM] is another advantage of MT5, which shows active Bids/Offers on the market
MT5 users have many more tools available than MT4 users
Many tools are also available for free to programmers
If you have programming knowledge, you can create your own tools
MT5 supports netting options and hedging.
The platform supports several trade orders including Market (pending), Stop Orders and Trailing Stop Orders.
Copy trading, also known as algorithmic trading, is one of the most powerful features of your MT5 platform.
MT5 provides a fully integrated development environment that allows traders to rapidly build and refine trading strategies with robots.
Mobile trading with MT5 enables traders to trade Forex, stocks, and futures anywhere and anytime
If you are not a programmer, you can choose pre-configured trading programs.
Now you can carry the vast capabilities of MT5 trading platform in your pocket
MT5 Mobile provides many trading options, including netting or hedging.
Through a collection of indicators and analytical items, the app allows professional technical analysis.
MT5 Mobile lets you quickly review all your transactions, buy and sell currencies, as well as swap assets with one click
FP Markets Cons
Although the new mobile app by FP Markets is a welcome addition, it still lacks many features that are common in top mobile trading apps.
Although the educational content of FP Markets isn't particularly strong, it has improved over time with podcasts and more articles.
FP Markets' Iress platform focuses more on share trading than forex. Data fees can quickly add up if you are not an active trader or have a high-balance accounts.
FP Markets' social trading portal is compatible with MetaTrader 4 but lacks advanced performance metrics like copy trading leaders.