The FP Markets operating professional trading experience for a quite long time since the broker was established in 2005 and ever since serves over 12,000 clients worldwide. One of the main strengths is that FP Markets uses true ECN electronic bridges and enhance its proposal with powerful trading technology, also investing in its innovation.
Is FP markets a good broker?
First of all, a good broker is a safe broker. The proof of its safe trading environment is also confirmed by necessary legislation obligation and sharp obligation, while FP Markets is an Australian brokerage companyheadquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines. Moreover, quite recently FP Markets enlarged its proposal and opened European Cyprus entity thus eligible for trading proposal within EEA zone.
Another strong point of FP markets proposal 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.
Founded in Australia and Regulated by the ASIC
Trading Conditions or proposal may vary according to entity rules or regulations
Learning materials and research through Traders Hub, News, Market Outlook, video tutorials, eBooks
☎ Customer Support
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. The excellence of the service they offer, as well as trading conditions along with high regard from the traders, is truly a good prove of trust and great establishment.
Is FP Markets safe or a scam?
Yes, FP Markets is safe to trade, it is an established Australian broker Prudential Markets Pty Ltd 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.
Besides, its entity in Cyprus also regulated and set according to CySEC regulatory obligations and compliant to MiFID European directive.
Regulated by several authorities
Not listed on Stock Exchange
Australian ASIC and Cyprus CySEC
Negative balance protection for European clients
Segregated Accounts and excellent long history of operation
How are you protected on FP Markets?
The regulatory status indeed the most important measure, 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, such as National Australia Bank and the Commonwealth Bank of Australia with daily fund reconciliation and application of the standard covers under investment protection.
What Leverage FP Markets offer?
Being an Australian broker, FP Markets complies with the ASIC set of rules and actually still offers a quite high leverage level up to 1:500 on Forex instruments, which you can greatly benefit from. Also and due to its another entity in EU, FP Markets obliges to another regulatory restriction thus European clients of FP Markets can access much lower leverage levels with a maximum of 1:30.
Australian clients allowed maximum leverage 1:500
European traders can use a maximum of 1:30
So before you sign in make sure you verify conditions and understand how trading works. Besides, always make sure to learn about leverage as a tool in general, how to use it and what the smartest way for a particular instrument is. Indeed, leverage increases your trading size but may play a significant role in either potential gains or losses.
As the first stage, you should choose the applicable type of account suitable for your trading needs and then proceed with the following registration.
Fast Account Opening, fully Digital
2 Account types with ECN and Standard execution for MT4 MT5 platforms
Separate account for IRESS platform
Low Minimum deposit
As the first stage, you should choose the applicable type of account suitable for your trading style and then proceed with the following registration. While the FP Markets offers two account types with STP and ECN execution models accordingly available through MT4 or MT5 platforms.
Also, there are three IRESS account types that cover the need of those traders who prefer to use this particular software.
FP Markets offers two account types with STP and ECN execution models accordingly available for MT4 MT5 platforms. IRESS account offering proposing an additional account for the traders who prefer to use this particular trading software.
Along with some diversification between the proposal, some differences between the pricing model may take place as well, so be sure to check the most suitable one for your need.
How to open your account
The account opening process is digital and easy to follow, while also FP Markets confirms application either in the same day or within 1-2 days maximum so that you’re able to access the trading experience smoothly.
Actually, you should follow next steps that would be your FM Markets account opening process.
Enter your name, email, country of residence
Provide proof of information and upload your documents, ID, proof of address, etc
Select the account type and trading platform as your preference
Fill the questionnaire to prove your financial experience
Once account it confirmed follow with first deposit and start trading
Trading with FP Markets you may access to trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Equity CFDs markets offers quite competitive spreads, as we already saw above in our FP markets review.
Also, each instrument defines its trading conditions, proposing flexible leverage throughout one account and require specified margins that you may always check through FP markets platform.
Also, there are some specified conditions between pricing that may occur in different account types, alike IRESS account charges based on a commission plus percentage from trade basis according to the instrument.
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.
Minimum deposit – 100$
Some withdrawal methods add on processing fee
Wide range of deposit options and base currencies supported
Withdrawal offer 0$ fee policy
Our find on Forex fees
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.
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.
Comparison between FP Markets fees and similar brokers
Crude Oil WTI
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.
Deposit and Withdrawal Methods
So once you ready to open an account, you will find vast of 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 which is a great saving and easier money transfer for you.
Flexible fee conditions defined by the account type
Standard Stocks spread is high compared to other brokers
Availability to trade wither with spread only or interbank variable spread plus commission
Low Forex fees
As for the deposit options themselves you may choose between the most common ones, also request support team to advise what is the best option for you according to your residence.
Bank wire transfer,
Various e-wallets including Neteller and Skrill
Credit Cards or Debit cards
As for the fund transferring fees, FP Markets does not waive transfer fees for deposits via Bank Trnsfer and Broker to Broker, also FPM covers International fees up to 50$ for deposit greater than 10,000$. You may request to perform the transfer from other brokers in case you would like to transfer funds between the accounts and from other brokers.
The last, but not the least is a minimum deposit amount which is defined by FP Markets account type you choose. The Standard account requires only 100$ 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.
The withdrawal fees are ranged also from the option to another, while some require no fees and another will add on a small mark up as per policy applied, see table above.
How long does it take to withdraw money from FP Markets?
Typically FM Markets confirm and process the withdrawal request within 1-2 business days.
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.
Customer friendly design
No proprietary platform
The Comprehensive range of tools
Automated trading capabilities
Clear look and fee report
Industry leading software MT4 and MT5
IRESS for professional trading
Web Trading Platform
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. Platforms available as a Web Trading platform and supporting other versions too.
Desktop Trading Platform
There are MetaTrader versions that suit any device either PC or MAC, so you can follow with installation and enjoy great customization capabilities of MT4 or 5.
In addition, IRESS world known platform that suite products for global equities, indices, and futures CFDtrading 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.
In addition, the platform enables one click trading, algorithmic rules, indicators, Autochartist and social trading functions that allowing to participate to the 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.
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.
Mobile Trading Platform
FP Markets offers MetaTrader 4, MetaTrader 5 and IRESS Mobile as mobile trading platforms for both iOS and Android with alerts, push notifications and full control over your trading and account right from your mobile.
Another good point in its client-oriented philosophy is a competent customer service which is available through various methods including Online Live Chat, Phone, emails, etc. Apart from the positive and high regard from the clients, FP Markets supports a range of languages, so you always may count on quality help.
In addition, there are established centers in the Asia region. Europe and Australia so the time zones and accessibility is counted, however customer service available on working days only 24/5.
Customer oriented handling
No 24/7 support
Support of international Phone lines and range of languages
Fast and appropriate answers
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, through the established Traders Hub.
Also, FP Markets provides great research tools with comprehensive analysis suitable for beginning traders and also supporting everyday trading, while features including market outlooks, news feeds, trading ideas and many more.
Great learning material and research tools
Well organized Forex News, Market Outlook
Numerous Trading ideas
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.
Share this article [addtoany url="https://55brokers.com/fp-markets-review/" title="FP Markets"]
Global Forex Awards 2019, which was held in Limassol, Cyprus this year on 4 October, announced its results and awarded FP Markets the Best Global Forex Value Broker Award. The Global Forex Awards is an international event, which celebrates the best performing forex businesses and brands on a global and regional basis. Global Awards schedules...
FP Markets, an ASIC-regulated global CFD and forex broker founded in 2005, is further strengthening its online offering by launching a new dedicated Introducing Broker (IB) portal. The customized portal was designed as a multi-level platform for individual IBs and Master IBs. The company has always been committed to transparency, so they has ensured that...
ASIC-regulated global CFD and forex broker FP Markets has added Autochartist to its wide range of trading tools. Autochartist is an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of Forex and CFD instruments. This tool helps to easily understand the real time trading opportunities. Once the...
FP Markets an international brokerage firm based and regulated in Australia operates over 15 years for now and constantly shows its great success along with the improvement of its conditions. FP Markets vision stands at the connection of the best technology, consistently tight spreads and necessary tools that assist in better trading decisions. So with...
ASIC-regulated global CFD and forex broker FP Markets recently announced that it has been rated as the forex & CFD broker with the “Best for Quality of Trade Execution 2019” in the recently published Investment Trends 2019 Australia Leverage Trading Report. This very honorable award came from the Investment Trends 2019 Australia Leverage Trading Report which...
FP Markets proofs its status of being one of the most well-established Forex & CFD brokers in the world by celebrating its 15-year anniversary. Two days ago FP Markets celebrated its 15th anniversary and to coincide with this momentous milestone announced the launch of its new website with a variety of new look features and...
As another football season comes to an end, FP Markets celebrates the end of another successful advertisement association with the Premier League. FP Markets hit an incredible winning streak with the FP Markets logo featuring behind three winning goals during this period reaching a global audience of billions as well as being showcased during the...
FP Markets is delighted to announce that it has been awarded the Best Global Value Forex Broker for 2020. The Global Forex Awards 2020 awarded excellence in the financial industry in areas such as cutting-edge technology, low-cost trading and customer service. This is the second consecutive year that FP Markets has been voted as the Best...
FP Markets has announced that it is expanding its product offering. Recently awarded as the ‘Best Value Global Forex Broker’ for a second consecutive year, the company continues to set the benchmark in CFDs and Forex and is pleased to announce it has added the following products to its offering: Volatility Index (VIX) Natural Gas (XNGUSD) Platinum (XPTUSD)...