FP Markets Review – Forex Brokers Review

fp markets

FP Markets

Broker’s Trustability

Rating :
4.5
/ 5

FP Markets is a global online broker offering forex and CFD trading services. It is headquartered in Sydney, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC). FP Markets was founded in 2005 and has since grown to become one of the most popular forex brokers in the world. It is known for its low spreads, deep liquidity, and wide range of trading platforms.

Overall Rating

Regulation :
Trading Conditions :
Trading Platforms :
Deposit & Withdrawal :
Education & Research :
Assets Available :
Brokers Name :
FP Markets
Established :
2005
Regulation :
ASIC, CySEC, CMA, FSA-St-Vincent
Phone :
+44 28 2544 7780
Address :
Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines
Trading Desk :
ECN/DMA
Min. Deposits :
$50
Leverage :
1:500
Spread :
From 0.0 pips
Min. Order :
From 0.01 lots
Execution :
Market Execution
Base Currencies :
USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD
Commission :
USD $3 per side
Accounts :
Standard, Raw Account
Islamic Accounts :
Trading Platform :
MT4, MT5, cTrader, IRESS
Trading Instruments :
Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals, ETFs, Bonds
Funding :
Credit & Debit Card, Bank Transfer, Skrill, Neteller, Asia Banks, SticPay, FasaPay, Virtual Pay – African Payment Method, Rupee Payments, Pagsmile, Online Bank Transfer (Brazil, Chile, Colombia, Mexico and Peru), Perfect Money, Cryptocurrency, DragonPay, RapidPay, Apple Pay, GPay
Mobile Trading :
Web Trading :
Copy Trading :
Hedging Allowed :
Scalping Allowed :
Affiliate program :
PAMM Accounts :
Website Language :
English, Arabic, Indonesian, Vietnamese, Portuguese, Thai, Malay, Japanese, Greek, French, Chinese, Italian, Spanish, Russian, Dutch, Finnish, Norwegian, Danish, Bulgarian

FP Markets (First Prudential Markets) is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices, metals, and cryptocurrencies. Founded in 2005 and regulated by the Australian Securities and Investments Commission (ASIC), FP Markets has grown to become one of the most reputable and awarded forex brokers in the world.

Here are some of the key things to know about FP Markets:

  • Regulated: FP Markets is regulated by ASIC, one of the strictest financial regulators in the world. This means that your funds are safe and that FP Markets is operating in a fair and transparent manner.
  • Tight Spreads: FP Markets offers some of the tightest spreads in the industry, starting from 0.0 pips on EUR/USD. This means that you will keep more of your profits when you trade with FP Markets.
  • Fast Execution: FP Markets uses Equinix servers, which are located in some of the world’s busiest financial centers. This means that your orders will be executed quickly and efficiently.
  • Wide Range of Products: FP Markets offers a wide range of trading products, including forex, CFDs on shares, indices, commodities, and cryptocurrencies. This means that you can find the perfect product to suit your trading style and risk appetite.
  • Award-Winning Customer Support: FP Markets has won numerous awards for its customer support. The company offers 24/7 multilingual support, so you can always get help when you need it.

FP Markets Review

FP Markets operates under two main regulatory bodies, depending on your location:

Australia:

  • Regulated by the Australian Securities and Investments Commission (ASIC), a highly respected and stringent regulator.
  • Holds an Australian Financial Services Licence (AFSL), authorizing them to offer financial services such as CFDs and forex trading.
  • This means strict adherence to guidelines regarding client funds, risk management, financial reporting, and ethical conduct.

Europe:

  • Regulated by the Cyprus Securities and Exchange Commission (CySEC), another strong regulator in the European Union.
  • CySEC license allows them to operate within the European Economic Area (EEA).
  • Similar to ASIC, CySEC enforces strict regulations on client protection, financial stability, and market fairness.

Globally:

  • Registered in Saint Vincent and the Grenadines, providing a global presence.
  • While not directly regulated in this jurisdiction, it adds another layer of transparency and legitimacy to their operation.

FP Markets Accounts

FP Markets offers a variety of account types to suit the needs of different traders. Here is a summary of their main offerings:

Forex Account Types:

  • Standard Account: This is a good option for beginner and intermediate traders. It has a minimum deposit of $100 AUD, spreads from 1.0 pips, and no commissions.
  • Raw Account: This account is better for experienced traders who are looking for the tightest spreads. It has a minimum deposit of $100 AUD, spreads from 0.0 pips, and a commission of $3 per side per lot.
  • Wholesale/Professional Account: This account is for high-volume traders who can negotiate their own rates with FP Markets. It has a minimum deposit of $1,000 AUD.

IRESS Account Types:

  • IRESS Standard Account: This account is similar to the Standard Forex Account, but it uses the IRESS trading platform. It has a minimum deposit of $100 AUD, spreads from 1.0 pips, and no commissions.
  • IRESS Platform Pro Account: This account is similar to the Raw Account, but it uses the IRESS trading platform. It has a minimum deposit of $100 AUD, spreads from 0.0 pips, and a commission of $60 per month (waived if you generate $150 in commissions per month).

Other Account Features:

  • All FP Markets accounts come with access to over 60 currency pairs, as well as indices, commodities, and cryptocurrencies.
  • Leverage is up to 30:1 for retail clients and 500:1 for professional clients.
  • FP Markets offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, IRESS, and WebTrader.
  • They also offer a number of tools and resources to help you with your trading, such as education and research materials, customer support, and a VPS service.

FP Markets Trading Instruments

FP Markets is a well-known forex and CFD broker that offers a wide range of trading instruments. Here are some key points about their offerings:

  • Over 10,000+ tradable instruments: This includes forex, shares, commodities, indices, bonds, and ETFs.
  • Forex: FP Markets offers over 60 currency pairs to trade on the MetaTrader 4 and 5 platforms. They also offer Direct Market Access (DMA) pricing on the Iress platform for forex majors.
  • Shares CFDs: You can trade CFDs on over 10,000 shares from around the world, including popular stocks from the ASX, NASDAQ, and NYSE.
  • Commodities: FP Markets offers CFDs on a variety of commodities, including gold, silver, oil, and natural gas.
  • Indices: You can trade CFDs on 19 major global indices, such as the ASX 200, S&P 500, and FTSE 100.
  • Bonds and ETFs: FP Markets offers a limited selection of bonds and ETFs for trading.

Some of the most popular trading instruments on FP Markets include:

  • EUR/USD: This is the most traded currency pair in the world and is a popular choice for forex traders.
  • Apple (AAPL): Apple is one of the most valuable companies in the world and its stock is a popular choice for CFD traders.
  • Gold (XAUUSD): Gold is a popular safe-haven asset and is often seen as a way to hedge against market volatility.
  • S&P 500 (SPX): The S&P 500 is a benchmark index of the largest 500 companies in the United States and is a popular choice for index traders.

Final Word

FP Markets is a well-regulated and established forex broker with a good reputation. It offers a wide range of trading instruments, competitive spreads, and a variety of account types to suit different traders. However, there are also some downsides to consider, such as a limited range of educational resources and the fact that it is not available in all countries.

Here is a summary of the pros and cons of FP Markets:

Pros:

  • Well-regulated and established broker with a good reputation
  • Wide range of trading instruments, including forex, CFDs, commodities, and indices
  • Competitive spreads
  • Variety of account types to suit different traders
  • Negative balance protection
  • 24/7 customer support

Cons:

  • Limited range of educational resources
  • Not available in all countries
  • No fixed spreads available

Overall, FP Markets is a good choice for forex traders who are looking for a well-regulated broker with a wide range of trading instruments and competitive spreads. However, it is important to consider the downsides before opening an account.

About the Author

Charles

Author

Charles is an experienced retail trader who has been trading since 2013. He has a comprehensive knowledge of the issues that inexperienced traders encounter. Charles specializes in swing trading and day trading, with a strong focus on psychological and fundamental analysis.

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