fpmarkets vs INVEST-COVE TRADE
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick fpmarkets leads on safety — winning 3 of 4
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓20
57
Verdict
Low risk
Elevated
Regulatedⓘ
Yes
No
Licenses
✓2
0
Tier-1 regulatorsⓘ
✓2
0
Trustpilot score
4.8
—
Reviews collected
10255
—
Exit riskⓘ lower = safer
Guarded
—
Known clonesⓘ
6
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$100
$100
Max leverage
1:500
—
Min spread (best acct)
from 0
—
Commission
$3.5
✓$0.03
Cost grade
AAA
—
Account types
2
✓3
Best for
Suits
Traders who prioritize regulatory oversight (ASIC, CySEC) and a wide range of instruments, Traders who value fast, friendly customer support for routine issues, Traders comfortable with a low-risk score and willing to navigate occasional withdrawal friction
Traders with high risk tolerance, Those seeking MT4/MT5 platforms and DMA execution, Traders interested in a new broker with promotional bonuses
Not for
Traders who require guaranteed, hassle-free withdrawals, Traders who are sensitive to latency and execution speed, Traders who have had prior disputes over 'abusive trading' accusations
Risk-averse traders who require regulatory protection, Traders seeking transparency on leverage and trading conditions, Those preferring a well-established broker with a track record
Products & Funding
Instruments
70+ FX pairs, metals, indices, commodities
--
Deposit methods
Bank, transfer, NETELLER, Skrill, PerfectMoney
—
Withdrawal
Skrill, PerfectMoney, Neteller
--
Execution
Speed
AA
—
Slippage
D
—
Swap cost
B
—
Company
Founded
2017-09-07
2026-01-12
Headquarters
🇦🇺 Australia
🇦🇺 Australia
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.