FP Markets Pros
MT5 allows you to display up 100 stock quotes charts and currencies simultaneously.
MT 5 integrates tools that allow for complete fundamental analysis, as well as an economic calendar.
Market Depth, or Depth Market [DOM] is another benefit of MT5, which displays active Bids/Offers
Users of MT5 have more tools than users of MT4.
Programmers also have many tools at no cost.
You can make your own tools if you have programming skills
MT5 supports netting and hedging.
You can place trade orders through the platform, including Market (pending), Stop Orders, and Trailing Stop Orders.
Copy trading, also called algorithmic trading or algorithmic trading is one of the strongest features of your MT5 platform.
MT5 offers a fully integrated development environment which allows traders to quickly build and refine trading strategies using robots.
FP Markets Cons
Although the new mobile app from FP Markets is a welcomed addition, it still doesn't have many of the features found in top mobile trading apps.
Although the educational content at FP Markets may not be particularly strong, it has been improving over time through podcasts and more articles.
FP Markets' Iress platform focuses less on forex and more on share trading. If you don't trade or have high-balance accounts, data fees can quickly add up.
FP Markets' social trading portal works with MetaTrader 4, but does not have advanced performance metrics such as copy trading leaders.