Comparing Pepperstone and FP Markets Trading App

If we compare the two brokers head to head, it's actually hard to tell which one is better overall. Pepperstone is relatively safer since it's regulated by two tier-1 regulators whereas FP Markets holds only one. Pepperstone is also known for providing excellent quality research tools and support several social copy trading platforms. FP Markets, on the other hand, offers an impressive number of over 10,000 tradable instruments particularly on its IRESS platform.

When it comes to trading platform, I think both are pretty good, but FP Markets provides a better mobile trading app. For me, what stood out the most is the highly intuitive design. The app works smoothly on my phone as well, so I highly recommend you to check it out.

To answer your second question, I believe it's possible to create a new live account using the mobile app. Then you can immediately fund your account and start trading using your account. Another interesting feature is the availability of DEMO account!! You can open a demo account and practice trading for free for 30 days. Undoubtedly a sweet deal for first time users to dip their toes into the trading world. So, good luck! Hope you find everything you need in one of these apps.

I can totally relate to that, dude. When I first started trading, I registered with an offshore broker that turned out to be a lowkey scam. I would never choose unregulated brokers anymore. That aside, now I'm trading with Pepperstone using both of its desktop and mobile trading platforms, and so far everything is great. The customer service is also very quick to response every time I need help with my platform. Highly recommend!

Dude, I suggest you to try cTrader. Because cTrader is a newer platform compared to the MetaTrader series, and it was specifically designed for ECN trading. It has a modern interface and advanced charting tools, and it is known for its fast execution times and low latency. It also has a feature called "Level II Pricing" that shows you the market depth, which can be helpful for day traders. However there is backward using it, as you know, cTrader has a smaller user community compared to MetaTrader, which means you may find fewer resources and support such as Robot trading and copy trade.

In order to answer your question, the choice between trading platforms really depends on the trader's preference. If you have used MT4 before, you may prefer MT5 as it is an upgraded version with faster execution times, better backtesting capabilities, and a wider range of instruments to trade. However, because it is relatively new, there may be fewer resources available compared to MT4, and some brokers may not offer it, but still more than cTrader. On the other hand, cTrader is known for its low latency, which is crucial for day traders. Ultimately, the decision depends on what you value more - a more established platform with a larger user community and more resources like MT4 or MT5, or a platform with fast execution times like cTrader.

Well, first off, if you're someone with a big ol' portfolio and you like to dabble in a lot of different assets, then FP Markets might just be your jam. With so many options, you can diversify your holdings and spread your risk across different markets. That means if one market takes a dive, you won't necessarily lose your shirt (or pants, or shoes... you get the idea).

But it's not just about the number of instruments. Different traders have different needs, right? So if you're the kind of trader who likes to mix things up and experiment with different strategies, FP Markets' variety of assets can be a godsend. You can test out new approaches and find what works best for you without being limited to a narrow range of options.

At the end of the day, FP Markets' 10,000 instruments are a great fit for traders who value choice and flexibility. Whether you're a seasoned pro or a newbie trying to find your footing, having access to such a wide range of assets can be a game-changer.

Hey there! Copy trading is a popular feature offered by some brokers that lets you mimic the trades of other successful traders. With Pepperstone's copy trading, you can follow and copy the trades of experienced traders automatically, without having to do it manually. The system works by linking your account to the account of the trader you want to follow, and then automatically executing the same trades that they make in real-time. This means that you can take advantage of their trading strategies and potentially make profits without having to spend time researching the markets yourself. However, keep in mind that copy trading also comes with risks, and you should carefully consider the performance of the trader you're following and their trading strategies before copying their trades. Hope it can clarify your things!

Let me explain more dude! Copy trading is a form of social trading that allows traders to automatically copy the trades of other traders. Essentially, a trader can choose to follow the trading strategy of another successful trader and replicate their trades in their own account.

The process usually involves selecting a trader to follow, specifying the amount of capital to allocate to copying their trades, and activating the copy trading feature. When the followed trader makes a trade, the same trade is automatically replicated in the copying trader's account. The copied trades are executed in real-time and the profits or losses are shared between the trader and the copied trader based on the allocated capital.

Copy trading can be a great option for beginner traders who are still learning the ropes and want to piggyback off the success of experienced traders. 

When it comes to using the FP Markets iOS and Android versions, there are a few differences that you might notice. For starters, the layout and design of the apps might differ slightly based on the operating system you're using. But more importantly, there could be differences in terms of functionality and features.

For example, you might find that certain features are only available on one platform or the other. Or, you might find that certain features work differently on iOS versus Android. It really depends on the specific app and how it was designed. And remember, the only difference is the design.

Overall, though, both versions of the app offer a similar experience when it comes to trading. So whether you're using an iPhone or an Android phone, you should be able to access your trading account, view charts, and execute trades with ease.

@Saiko: I think I will choose tablet over phones. Why? Firstly, tablets offer larger screens compared to mobile phones, giving you more screen real estate to work with. This means you can view multiple charts, indicators, and trading platforms simultaneously, making it easier to analyze market trends and make informed trading decisions. The spacious display also allows for more precise chart navigation and drawing tools, enhancing your overall trading experience.

Moreover, tablets often have more powerful hardware and better processing capabilities than mobile phones. This extra horsepower can handle complex trading applications and indicators without slowing down, ensuring smooth and seamless trading execution. It's like having a mini-computer in your hands, bro!

Another advantage of tablets is their longer battery life. Since tablets typically have larger batteries, they can sustain your trading activities for extended periods without requiring frequent recharging. This is especially handy during long trading sessions or when you're on the move and don't have immediate access to a power source.

@Gilang: Sure thing, dude! Using multiple take-profit orders on Pepperstone's trading platform can offer flexibility, but there are a few things to consider. One challenge is managing your overall risk. With multiple profit targets, you'll need to closely monitor each order and adjust your risk exposure accordingly to stay within acceptable limits.

Another consideration is trade execution. Having multiple take-profit orders can lead to partial fills or execution discrepancies, affecting your overall profitability and requiring additional management.

It's important to find a balance between multiple take-profit orders and profit potential. While they allow you to secure profits at different levels, closing positions too early can limit your overall profit potential.

To handle these challenges, plan and test your strategy beforehand, considering market volatility and trade duration. Stay updated with market conditions and adjust your take-profit levels accordingly.

@Jesse: Dude! About the comparison of those brokers, you can just click the compare menu in this erbsite's submenu. And for your another question, If you're checking out brokers like Pepperstone and FP Markets for your trading journey, ensuring they're legit and regulated is crucial. First, head to their websites – legit brokers always proudly show off their regulatory status, and you'll find it under 'Regulation' or 'Licenses.' Then, swing by the websites of the regulatory authorities, like ASIC for FP Markets or the FCA for Pepperstone, and confirm the broker's name appears on their lists. Don't forget to peek at their regulatory documentation, where you'll spot license numbers. Still unsure? Give their customer support a shout; they should be upfront about their status. Also, read reviews from fellow traders, but take 'em with a grain of salt. Finally, get clued in about what these regulators expect. It's your money, so stay sharp and make an informed choice!

Off course there are advantages that brokers and traders can get! For the example, the advantage for traders in having access to a wide range of instruments, such as the 10,000 offered by FP Markets, lies in diversification. By trading across various markets, traders can spread their risk and potentially capitalize on different opportunities that arise in different asset classes. This can help mitigate losses if one market performs poorly while another performs well. Additionally, having a diverse portfolio allows traders to explore different trading strategies and adapt to changing market conditions more effectively.

For brokers like FP Markets, offering a vast selection of instruments can attract a broader range of clients, including those with specific trading preferences and diverse investment goals. It enhances the broker's reputation as a comprehensive trading platform and increases their competitiveness in the market. Additionally, offering a wide range of instruments can lead to increased trading volume and transaction fees for the broker, contributing to their revenue stream.

Hope you understand about that then!

Hey there! Sure thing, let's dive into it. The Forex calendar is basically a tool that provides a schedule of important economic events, announcements, and data releases that can potentially impact the currency markets. It includes things like interest rate decisions, GDP reports, employment figures, and so on.

Now, why is it important? Well, these economic events can cause significant movements in currency prices, so being aware of when they're happening allows traders to better anticipate and prepare for potential market volatility. For example, if a central bank is set to announce an interest rate decision, traders might adjust their positions or strategies accordingly based on their expectations for the outcome.

As for short-term trading, the Forex calendar can definitely be a valuable resource. Since short-term traders often rely on quick price movements to make profits, being aware of upcoming economic events can help them time their trades more effectively and avoid getting caught off guard by sudden market shifts. (beside forex calender, there are another trading tools that you can used too, read more here : 4 Trading Tools that Really Matter For Beginners)