FP Markets Review

FP Markets

FP Markets

https://www.fpmarkets.com

  • Leverage: 1:400

  • Regulation: ASIC

  • 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

Top 3 Regulated Forex Brokers

Company Brief:

The FP Markets operating through the 13 years of experience with over 12,000 clients worldwide that connects to the market through true ECN performance. FP Markets is Australian brokerage company regulated by ASIC, with access to trade 10,000+ products ranging from Forex, Indices, Commodities, Bitcoin, Equity CFDs that are offering competitive spreads and flexible leverage throughout one account. The company headquarters in Sydney, yet serving representative office in Shanghai and regional office in Beijing. The ASIC regulation ensures trustable cooperation as well as full compliance with guidelines that provides safe trading to the investor of any size.

ECN technology providing direct access to the liquidity providers without dealer intervention through Equinix NY4 Data Centers, while the best-offered price within offering for the particular asset will be chosen. This technology currently is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips.

Therefore, FP Markets had received so far 36 industry awards, for a couple of years in a row the company gained Highest Overall Satisfaction, Best Trading Execution, Best Customer Support, Best Educational Material in the industry recognized by Investment Trends, Smart Investor, Money Magazine, The Bull and 5 Stars from Canstar Cannex – Outstanding Value CFD Provider.

Trading options including offering to the retail or institutional clients, while the FP Markets establishes promotions for new or existing clients. New clients can benefit from 10% in trading credit bonus for deposit done between 200 – 50,000$, Refer a friend program designed to reward both referrer and referral with 100$ bonus to the trading accounts.

FP Markets Trading Series presents three sections that help to become the better trader, those sections are designed to different level traders, as the education and knowledge is the key factor within trading. Those who have information, obtaining advance among the other, hence learning is an endless task. The good news is that the broker supports personal strives and always support with learning materials, analysis and guides. Moreover, customer support is on a very good level also while provided in multiple languages and via different ways phone, Live chat, emails etc. 

FP Markets Review

Trading Platforms and Tools:

There is a comprehensive feature provided on the platforms offering by the FP Markets to their clients. The powerful capabilities provided with the choice between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for managers.

– IRESS is a platform that suite product for global equities, indices, and futures CFD trading. Through unparalleled trading and transparent pricing from market depth, clients gaining also the advanced charting capabilities, live streaming news, trade alerts and portfolio management tools. Furthermore, the platform enhanced with automated order options and complex order types.

– The MT4 platform gives a dynamic feature through detailed insights and one of the best in industry options for automated trading via EAs through leveraged offering up to 1:500 and spreads from 0 pips. In addition, platform enabled with one click trading, algorithmic rules, indicators, and active trader community. Also, the MT4 includes Traders Edge which evolves the variety of tools into the software, alike alarm manager, Trader Edge Connect and Correlation Trader.

– MT5 is less popular than MT4 but is the superior trading technology with modern access to opportunities. The platform integrates with any device and brings one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth.

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.

Trading Accounts:

The company didn’t design different account since the trader can submit an account whatever the trading style is, the offer designed to an individual, joint, sole trader, company or individual/ corporate trustee. As the first stage, the customer should choose the applicable type and then proceed with the following registration. Next step is the choice between the offered platforms.

The IRESS CFD account requires the opening balance of 1,000$, for MT4 account minimum balance is 200$ only. The tailored cost structure will be further on applied to the account, while discussed with a personal account manager. The commission charges for an individual product built into the spread for currencies or offered with 3.5$ per side for RAW Forex trading, Australian Equity CFDs offered with 0.08% commission per side, and international futures commission starts from 15$.

Deposit and Withdrawal Methods:

There are vast payment methods that are allowed to proceed with account funding, some of them including fees while another is free of charge. FP Markets only passes the fees that are applied by the particular organization that is the client’s responsibility. The trading accounts are available at 10 base currencies, hence the trader can choose the best suitable option.

It is possible to fund the trading account with both credit or debit cards, where the fee of 1.8% will be added (for AU cards, international card fee is 3.18%), while the first deposit is free from any charges. ChinaUnion Pay is a payment option too, allows to make international payments at local rates, POLi offers an online payment system with no transaction fee, yet for AUD currency only. AstroPay applies 5% fee for USD transfers, while Neteller allows all ranges of currencies with 4.0% fee, Skrill and Wire2Pay, along with Bank Transfers and BPAY are options too. Also, there is availability to perform the transfer from other brokers in case the client would like to transfer funds between the accounts.

The withdrawal fees are ranges also from the option to another and typically ranged from 1.8–4%.

Conclusion:

FP Markets Review presents the company among the most awarded CFD and FX trading providers by the respected organizations. Established direct access through technology provides a wide range of instruments to trade through the competitive pricing and high speeds, platforms and customer service. All in all is the winning combination that brings the confidence to the FP Market customers, along with their reliability due to the ASIC regulations.

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