IC Markets or FP Markets App, Which One to Choose?

When you sign up with a broker, they usually give you a few different options for trading platforms. For example, IC Markets has MetaTrader 4, MetaTrader 5, and cTrader, while FP Markets has IRESS as well. They also usually have apps you can use for trading on-the-go.

So can you try all the platforms? Yep! You can open up a demo account and test them out one by one to see which one you like the best. But remember, if you want to try it all, need to open different demo account! Everyone has their own preference - some people might like one platform because it's easy to use, while others might like a different platform because it has more advanced features.

Having multiple platforms to choose from is helpful because you can find one that's just right for you. Each platform has its own unique features, so you can pick the one that works best for your trading strategy.

I just found out that if we want to try different platforms like MT4 and IRESS, we need to open separate demo accounts for each one. It sounds promising though, because we can easily create new accounts and try each platform to see which one works best for us.

Personally, I'm interested in trying FP Markets because they have the IRESS platform, and their trading app is supposed to be really advanced and easy to use. According to FP Markets, you can place, monitor, and evaluate transactions in just a few seconds. I want to see if it's really that easy to use or not. Thanks for sharing the information with me!

To determine if a broker is a genuine ECN broker, there are a few factors to look for. Firstly, they should offer direct access to liquidity providers without any interference or manipulation. Additionally, they should have a transparent pricing model, with no hidden markups or conflicts of interest. Finally, they should offer a deep pool of liquidity and have fast trade execution times. If a broker meets all of these criteria, it's a good sign that they're a genuine ECN broker.

However, for most beginner traders, these factors may be difficult to understand. As a result, they may only focus on the raw spread and commission per round lot without considering the direct access to liquidity providers. Luckilyi n BrokerXplorer, the team provide a list of genuine ECN brokers that traders can refer to. You can find one such at the following link: Which Brokers Are True ECN?

I got you covered, buddy! So, to answer your question, trading on a mobile phone is actually a thing now, and it's pretty darn convenient. Sure, the screen is smaller, but with modern technology, you can easily zoom in and out and do all your chart analysis and trading from the palm of your hand. As for why traders still use MetaTrader even though other platforms like IC Markets and FP Markets are similar, it's probably because MetaTrader has been around for a long time and has a lot of features and plugins that traders are used to. Plus, it's widely supported by brokers, so it's a safe bet for traders. But hey, if you like the look of IC Markets or FP Markets' platforms, go ahead and give them a try!

Hey there too! You can use a tablet to trade as well. In fact, some traders prefer using a tablet as it offers a larger screen size compared to a mobile phone, making it easier to analyze charts and perform trading activities. And some trading platform like the MetaTrader mobile app is available for both mobile phones and tablets, and they are essentially the same app. However, the layout and display may be slightly different to accommodate the different screen sizes. Some features may also be optimized for tablet use, such as the ability to view multiple charts at once. But in general, the app should function similarly on both devices. So, if you want larger screen, just use tablet!

Copy trading is a feature offered by some brokers where you can automatically copy the trades of other successful traders. Essentially, you a trader to copy and their trades will be replicated in your account. This can be a good option for beginners who are still learning the ropes and want to benefit from the knowledge and experience of more experienced traders. However, it's important to do your own research and choose a trader to copy carefully, as not all traders are equally successful or suitable for your own trading goals and risk tolerance. It's also important to note that there are fees associated with copy trading, such as commission or markups on spreads. If you are beginner at trading, you can read this article as preference: Your Definitive Guide to FP Markets Copy Trading

@jesisca:Copy trading is a type of social trading that allows traders to automatically copy the trades of more experienced and successful traders. Essentially, you can a successful trader to follow and then mirror their trades in your own trading account. This can be a great option for beginners who want to learn from experienced traders and potentially profit from their expertise without having to spend time learning complex trading strategies and techniques.

With copy trading, you can browse through a list of experienced traders and view their performance statistics, such as their win rate, average return, and drawdown. Once you have identified a trader you want to follow, you can set up an automatic system that will replicate their trades in your own trading account. This can be done through a variety of platforms and brokers, including FP Markets. It's important to note that while copy trading can be a powerful tool for beginners, it's not a guaranteed path to profits.

It's still important to exercise caution and to do your own research and analysis before making any trades, even if you're copying the trades of a more experienced trader. Additionally, it's important to carefully evaluate the traders you choose to follow and to be mindful of the risks involved in copying trades. With that said, copy trading can be a great way to learn from others and potentially profit from their expertise in the markets.

@Meglin Motin: First, I think you need to re-read the article above. And you can check which one is the most suitable for you. In my opinion, when deciding between IC Markets and FP Markets for your mobile trading app, consider several essential factors to ensure a seamless trading experience. Firstly, assess the functionality and user interface of each app, examining whether they align with your trading style and offer the necessary tools for market analysis, order execution, and risk management. Secondly, prioritize ease of use – a user-friendly app with efficient order placement and fast trade execution can significantly impact your ability to monitor markets and manage your portfolio on the go. Security and reliability are critical, so ensure both brokers employ robust encryption and maintain stable, downtime-free apps. Lastly, evaluate the availability and responsiveness of customer support, as timely assistance can be invaluable when troubleshooting issues. To make an informed decision, read user reviews, seek recommendations, and test the apps using demo accounts to gauge their performance. By carefully considering these factors, you can select the mobile trading app that best caters to your trading needs and offers a secure, reliable, and user-friendly trading experience.

So, I hope my answers can clear your doubt!

@Leroy: Hey just read about the criteria of the compare between those mobile trading app. Because I had no idea there were so many things to consider when choosing a mobile trading app especially both mobile trading seems compete to each other, have the advantage each other

It's good to know that I should be thinking about functionality, user interface, ease of use, security, reliability, and customer support. I think I'll start doing some research to figure out which app will work best for me. Thanks for the insight

Hey there! cTrader is a trading platform that was developed by Spotware, and it is becoming increasingly popular among forex traders due to its user-friendly interface and advanced charting capabilities. One of the standout features of cTrader is its ability to offer ECN-based trading.

In cTrader, traders can access the ECN market by opening a raw account. With this account type, traders have access to a deep pool of liquidity providers and can benefit from tight spreads and fast execution speeds. This is because the orders are executed directly in the market, without the need for a dealing desk.

In addition to its ECN-based trading capabilities, cTrader also offers a wide range of advanced charting tools and technical indicators, making it a popular choice among experienced traders. Some of the features available on cTrader include multi-time frame charting, multiple order types, and the ability to trade directly from the chart.

As for my personal experience, I have had the opportunity to try all three platforms offered by IC Markets - MetaTrader 4, MetaTrader 5, and cTrader. While each platform has its own strengths and weaknesses, I personally prefer cTrader due to its user-friendly interface and advanced charting capabilities.

Lemme tell you a bit more about cTrader's ECN-based trading capability. Basically, it's a trading platform that's designed to give traders direct access to the forex market, meaning you can trade with other traders and financial institutions without any middlemen. This can lead to tighter spreads, faster trade execution, and overall better pricing.

As for whether I've tried any of these platforms, yeah, I've dabbled a bit in forex trading myself. Personally, I prefer cTrader because of its user-friendly interface and advanced charting tools. It just feels more intuitive to me, y'know?

And hey, I totally agree with you - if a broker offers cTrader, I'm definitely more likely to use their platform. It's just a solid choice for ECN-based trading, and you can't really go wrong with it.

Basically, when a broker lets you trade an asset, they usually gotta pay some kinda fee to the folks who provide that asset. But it can depend on the broker and the asset they're offering. As for FP Markets, they got a buncha different assets you can trade, like forex, commodities, indices, crypto, shares, and more. And they cover markets all over the place - Asia, Europe, the Americas, you name it.

If you wanna know exactly which assets they offer, just check out their website. And having access to all those different assets can be a real plus for traders. For one thing, it gives you more chances to diversify your portfolio and spread your risk around. Plus, you can jump on opportunities in all kinds of different markets and sectors. Like, say you wanna get in on the tech game - you can easily find a buncha tech-related assets to trade. And having so many options lets you really customize your trading strategy to your goals.

Yes, you can close or deactivate your account. This tutorial will provide instructions on how to permanently remove your FP Markets account, whether it is a real or demo account. Simply follow these steps:

1. You will need to log into the email address associated with your FP Markets account.

2. Create a new email and title it 'Request for FP Markets Account Deletion.'

3. In the body of the email, state that you would like to close your account. Then, send the email to cash@fpmarkets.com.

Having your account verified on IC Markets comes with some sweet perks that can level up your trading game. First, it adds an extra layer of security and trust, so you can trade with peace of mind, knowing your identity is confirmed. Plus, it helps IC Markets meet those pesky regulatory requirements.

With a verified account, you might unlock cool features and services that non-verified traders miss out on. Think higher deposit and withdrawal limits, speedier transactions, and primo customer support. Oh, and keep an eye out for exclusive promotions and bonuses just for verified account holders. Talk about trading with an edge!

Now, let's talk restrictions. Usually, verified accounts don't come with specific trading limitations. But, remember, trading itself has risks. So, as a verified trader, it's smart to manage those risks like a pro. Set realistic profit targets, use stop-loss orders to protect your positions, and stay informed about market news and analysis.

If you're new to trading with a verified account on IC Markets, you can start by reading this article to gain more knowledge about the trading world!

Read more: Currency Trading Guide for Complete Beginners

You're right, the FP app isn't ideal for die-hard MetaTrader users. No fancy drawing tools or a ton of features, and the layout might feel basic.

But hold on, I don't think anyone has to use just the app or just MetaTrader. You can totally use both! Think of MetaTrader as your main battleground, but if you're on the go, the FP app lets you keep an eye on things or even make a trade in a pinch.

As mentioned in the article, it is worth using the FP trading app. (read this article to know the pros and cons: Pros and Cons of Mobile Trading)