FP Markets Alternative: Why Traders Switch to LHFX

FP Markets runs an STP, ECN and DMA model with multiple platforms. LHFX runs MT5-only STP/ECN with $10 entry, $3 per side, and 13-minute payouts.

Same per-side commission, lower entry, MetaTrader 5 only, and crypto withdrawals in an average of 13 minutes. See the full breakdown below.

Quick Comparison

LHFX vs FP Markets at a glance.

Feature
LHFX
FP Markets
Commission
$3 per side, per lot
$3 per side on Raw account ($6 round turn); $0 on Standard
Minimum Deposit
$10
$100 (AUD 100 equivalent)
Typical EURUSD Spread
From 0.0 pips
From 0.0 pips (Raw); from 1.0 pip (Standard)
Maximum Retail Leverage
Up to 1:500
Up to 1:500 (offshore); 1:30 under ASIC and CySEC
Platforms
MetaTrader 5 only
MT4, MT5, cTrader, TradingView, IRESS, web
Forex Pairs / Total Instruments
41 forex pairs / 132+ instruments
70+ forex pairs / 10,000+ instruments (mostly stock CFDs)
Execution Model
STP/ECN
STP, ECN, DMA
Regulation
FSC Mauritius (GB23202204), FSCA South Africa (FSP 52816)
ASIC, CySEC, FSCA, FSC Mauritius, FSA Seychelles
Crypto Deposits/Withdrawals
BTC, ETH, USDT and others. Average payout 13 minutes
BTC, ETH, LTC, BCH, XRP, USDT, Dash accepted
Islamic Account
Yes, swap-free available
Yes, swap-free with admin fee per night (around $5 on EURUSD)

Where LHFX Wins

The areas where LHFX offers a clear advantage over FP Markets.

01

Commission Parity, Lower Entry

Both brokers charge $3 per side on the raw spread account. LHFX gets you there for $10. FP Markets requires $100 plus you choose between five different platforms before you start.

02

$10 vs $100 Minimum

Open an LHFX account with $10. FP Markets requires $100 across Raw and Standard. For traders sizing in gradually, the $10 floor at LHFX makes risk testing easier.

03

Crypto In And Crypto Out

LHFX supports BTC, ETH, USDT and others for both deposits and withdrawals, with payouts averaging 13 minutes through the auto-payout system.

04

13-Minute Average Payouts

LHFX runs auto-payouts on every method, currently averaging 13 minutes. FP Markets processes withdrawals through manual review, with timing depending on method.

05

One Account, One Platform

LHFX runs one account on MetaTrader 5. FP Markets asks you to pick Standard or Raw, then choose between MT4, MT5, cTrader, TradingView, or IRESS, each with different commission models.

Where FP Markets Wins

FP Markets has genuine strengths. Here is where they come out ahead.

Wider Platform Choice

FP Markets supports MT4, MT5, cTrader, TradingView and IRESS (a professional Australian platform popular with share traders). LHFX is MetaTrader 5 only by design.

10,000+ Stock CFDs

FP Markets lists over 10,000 share CFDs plus 500+ ETFs. LHFX focuses on 132+ instruments around forex, indices, commodities and crypto.

More Forex Pairs

FP Markets lists 70+ currency pairs including more exotics. LHFX lists 41 pairs focused on the most-traded majors, minors and exotics.

Tier-1 ASIC and CySEC

FP Markets holds ASIC (Australia) and CySEC (Cyprus) regulation alongside its offshore entities. LHFX holds FSC Mauritius and FSCA South Africa only.

Who Should Choose LHFX

  • Traders who want $3 per side commission with a $10 entry rather than $100
  • Traders who run MetaTrader 5 exclusively and do not need cTrader or IRESS
  • Traders who want crypto withdrawals processed in an average of 13 minutes
  • Traders who prefer one transparent account over Standard vs Raw plus a platform choice
  • Traders in non-US, non-EU regions who want STP/ECN execution at the lowest barrier
Open an LHFX Account

Who Should Stick with FP Markets

  • Traders who want cTrader, TradingView or the IRESS share-dealing platform
  • Traders building share CFD strategies and need 10,000+ stock CFDs and 500+ ETFs
  • Australian-resident clients who need an ASIC-regulated entity for retail protection
  • EU-resident clients who need a CySEC-regulated tier (LHFX does not serve EU)
  • Traders who want a longer-running broker (FP Markets launched in 2005)

Making the Switch

Moving from FP Markets to LHFX takes minutes, not days.

1

Open an LHFX Account

$10 minimum deposit. Registration takes about 2 minutes.

2

Verify Your Identity

Upload a government-issued ID. Most verifications complete within a few hours.

3

Fund and Start Trading

Deposit via crypto, Skrill, or Neteller and place your first trade on MT5 or LHFX Trade.

Frequently Asked Questions

Ready to Try LHFX?

$10 minimum deposit. $3 per side commission. Up to 1:500 leverage. Crypto withdrawals in an average of 13 minutes.