FP Markets Review

  • Leverage: 1:500

  • Regulation: ASIC, CySEC

  • Min. Deposit: 100 US$

  • HQ: Australia

  • Platforms: IRESS, MT4, MT5

  • Found in: 2005

FP Markets Licenses

  • First Prudential Markets Pty Ltd - authorized by ASIC (Australia) registration ABN 16 112 600 281 AFS 286354
  • First Prudential Markets Ltd - authorized by CySEC (Cyprus) registration 371/18

Among numerous brokerage firms and trading offering, it is very important to choose the most reliable company, as well the one that suits your trading needs. For this reason, we assist in choices by reviewing brokers and checking information in a detail to support selection, and here is FP Markets Review among others.

What is FP Markets?

The FP Markets operating professional trading experience for a quite long time since the broker was established in 2005 and serves over 12,000 clients worldwide. Moreover, FP Markets connects traders to the market through electronic bridges and enhanced DMA pricing models.

FP Markets is an Australian brokerage company that delivers access to trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs that are offering competitive spreads and flexible leverage throughout one account. The company headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines that provide a safe trading environment.

FP Markets Homepage

One of the main strengths we found while Review FP Markets is their developed ECN technology that providing direct access to the liquidity providers without dealer intervention through Equinix NY4 Data Centers, and executes order through the best possible price within offering for the particular asset. This technology currently is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips allowing you to benefit from it.

In fact, those who have information obtaining advance among the others while trading, hence learning is an endless task, and the good news is that FP Markets supports personal strives and provides with learning materials, analysis and guides. This is done through FP Markets Trading Series presenting three sections that help to become the better trader that diverse to a different level of traders. Overall, there are many factors why FP Markets gained its reputable position in the market and in addition is recognized multiply by various publications and reputable editions.

FP Markets awards

However, to get offering more clear you should check and consider the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:

Is FP Markets safe or a scam?

FP Markets is safe to trade, as it is an established Australian broker that respectively complied operation according to the world-known regulation Australian Securities and Investments Commission (ASIC), learn more why trade with ASIC Brokers by the link. Moreover, as we discover whithin FP Markets Review European clients may now trade freely, as FP Markets received a CySEC license that brings a regulated trading environment according to ESMA and MiFID guidelines.

FP Markets license

The regulatory status indeed the most important measure within FP Markets Review, as in simple words it means a client is treated fairly according to the international laws and requirements. Traders funds also being segregated from the own company funds, are held in selected top-tier banks, with daily fund reconciliation and application of the standard covers under investment protection.

FP Markets Trading Platforms

There is a comprehensive choice between the platforms included into the FP Markets proposal, thus powerful capabilities provided with the choice between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for money managers.

While MT4 and its newer version MT5 platforms do not require an introduction, as platforms giving a dynamic feature through detailed insights and one of the best in industry options for automated trading via EAs through and spreads from 0 pips. In addition, the platform enables one click trading, algorithmic rules, indicators, and allowing to participate to active trader community. Also, the MT5 brings one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth.

FP Markets platform

In addition, IRESS world-known platform that suite products for global equities, indices, and futures CFD trading remains as your trading possibility with comprehensive, unparalleled trading and transparent pricing from market depth. Furthermore, the platform enhanced with automated order options also and complex order types, which definitely worth serious consideration.

Furthermore, FP Markets looking to give back to their clients, by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider trade minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a maximum of up to 50$ a month.

FP Markets Fees

As the first stage, you should choose the applicable type of account suitable for your trading needs and then proceed with the following registration. While the FP Markets offers two account types with STP and ECN execution models accordingly and the next step is the choice between the offered platforms, where some differences between pricing may occur.

FP Markets accounts

FP Markets Spread

Next important question about FP Markets spread is defined by the account type too, thus the STP account EUR/USD floating spread is averaged 0.7 and the ECN proposes only 0.1 for the same pair. However, raw account charges on commission to every order, which is defined by the instrument and is 3$ for Forex instruments, 3.5$ for Metals and offers 0$ commission on commodities or cryptocurrencies. Therefore, according to your trading style and volumes you trade, there is an option to select the best suitable one, but overall FP Markets truly proposing very competitive offering among the market.

For instance, see below a comparison of the most traded instruments and FP Markets offered spread on the, as well you can compare fees with another popular broker IC Markets.

Asset/ PairFP Markets Fee Terms
EUR/USD0.7 pips
Crude Oil WTI3
Gold16 cents
Bitcoin62

FP Markets Rollover

In addition, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument. Moreover, there is an option for Muslim trader to trade through Swap-Free account, which is suitable for followers of belief and tailored according to the strictest rules.

FP Markets swap

What Leverage FP Markets offer?

Being an Australian broker, FP Markets complies with ASIC set of rules and actually still offer a quite high leverage level up to 1:500 on Forex instruments, which you can greatly benefit from. Yet, make sure to learn about leverage as a tool and how to use it the smartest way, as an increase of your trading size may play a significant role in your either potential gains or loses.

FP Markets leverage

What are FP Markets Deposit and Withdrawal Methods?

Another important note in our FP Markes Review is funding methods. Once you ready to open an account, you will find vast payment methods that allow you to proceed with account funding, while some of them including fees and another is free of charge. Generally, trading accounts are available at 10 base currencies, hence you can choose the best suitable option and transfer fund accordingly.

It is possible to fund the trading account with Bank wire transfer, various e-wallets and by both credit or debit cards. As for the fund transferring fees, FP Markets does not waive transfer fees for deposits except the Credit Card used to fund account for IRESS platform, where the fee of 1.8% for Domestic card and 3.18% is added on.

FP Markets withdrawal fee

Also, you may request to perform the transfer from other brokers in case you would like to transfer funds between the accounts. The withdrawal fees are ranged also from the option to another, while some require no fees and another will add on a small markup, see table below.

FP Markets withdrawal

FP Markets minimum deposit

The last, but not the least is a minimum deposit amount which is defined by FP Markets account type you choose. The Standard account requires only 100$ as a start, while ECN account set also 100$ and it is a great opportunity, which allows you to start with a relatively small deposit and enjoy numerous benefits at FP Markets.

Conclusion on FP Markets

FP Markets Review presents the brokerage firm that is among the most awarded CFD and FX trading providers received its recognition from the respected organizations. Besides that, FP Markets established direct access to markets through sophisticated technology that provides a wide range of instruments to trade also with truly competitive pricing. Which is all in all is the winning combination for the traders of different size and expertise that brings the confidence to choose FP Market as a reliable brokerage, and of course along with their reliability due to the ASIC regulations.

Nevertheless, we would be glad to know your personal opinion about FP Markets, you may share your thoughts in the comment area below, or ask us for some additional information if required.

 

Gg From Sri Lanka | | Tuesday, November 12, 2019

thanks

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16 responses to “FP Markets”

    • Dear Colin Minford,

      Our raw account spreads start from 0.0 pips.
      The minimum deposit for an MT4/5 raw account is 100 AUD.

      Thank you,
      FP Markets Team

  1. Dear Lincon,

    Unfortunately we are not able to accept clients that are residents of Belgium at the moment due to regulations. This may change in the future. Until further regulations change it is possible to open a demo account if you would like.

    Thank you,
    FP Markets Team

  2. Hello Niño,

    Yes, you are able to trade with FP Markets if you are a resident of Dubai.

    Thank you,
    FP Markets Team

    • Dear Peter,

      You can open an account from Tanzania, however, there are some different conditions for the residents of your country. Based on your country selection, your account will be registered with FP Markets LLC and you will be redirected to FP Markets website. FP Markets LLC is a registered company of Saint Vincent’s and the Grenadines. So basically, you will be onboarded with the offshore branch of FP Markets.

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