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fp markets Review

FP Markets is an Australian CFD and forex broker founded in 2005. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of St. Vincent and the Grenadines.
FP Markets is considered safe because it has a long record of accomplishment and is regulated by the top-tier ASIC.

First published on :  March 10, 2022 | Updated on : March 10, 2022
Risk Warnings: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Editor’s Verdict​

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FP Markets Overview

First, 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 company headquarters 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 a European Cyprus entity thus eligible for trading proposal within the EEA zone.

Another strong point of FP markets proposal is their developed ECN technology that provides direct access to the liquidity providers without dealer intervention through Equinix NY4 Data Centers and executes orders 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.

  • Cyprus Securities and Exchange Commission (CySec)

FP Markets Pros & Cons

The trading service provider has stellar customer service support, with a service that speaks several languages and a very accommodating staff that makes it their priority to satisfy the client’s needs. This FP Markets broker review is an in-depth analysis of the features and different options available in FP Markets as a trading service provider.

    FP Markets Pros:

  • Easy and Convenient Method for Opening an Account
  • No deposit fee
  • Regulated by the Australian Securities and Investments Commission (ASIC)
  • Demo Account Available for traders

    FP markets Cons:

  • No negative balance protection
  • Two-step login is not available
  • No 24\7 customer support
  • Does not accept clients from the US, Japan, New Zealand, Belgium, and several other countries

FP Markets Regulation

FP Markets is regulated by several different bodies, including the Cyprus Securities and Exchange Commission (Cyprus), the Australian Securities and Investments Commission (Australia), and the Financial Services Authority (Saint Vincent and the Grenadines).

FP Markets Login

If you’d like to sign up for an IG Share Trading account, click one of the “Go to site” links on this page to be securely redirected to the IG share trading website. You can then open an account by filling out an online application.

It takes around 5-10 minutes to apply and you will need to provide:

  • email address and phone number
  • residential address (you must be an Australian tax resident)
  • username and password
  • A photograph or scanned copy of your Australian driver’s licence or passport
  • Once the IG accounts team has approved your application, you will then be able to fund your account and begin trading shares.

FP Markets Trading Platform

Rather than develop their own technologies, we can confirm with our thorough review of FP Markets that this broker uses the MetaTrader 4 and MetaTrader 5 platform as a web trader, desktop app. FP Markets recently launched a mobile trading app that leverages third-party technology to bring a mobile trading platform that feels familiar to many other trading apps.

MetaTrader is a staple in the online trading industry, Most experienced brokers have spent much time using this trading platform. MT4 and 5 features a customizable interface, handy trading tools, live pricing, and is perfect for using trading bots. The MetaTrader 5 platform can access almost twice as many stocks, boasts improved precision over its predecessor, and superior depth of technical indicators and market display.

The web trader is available on Chrome, Firefox, Safari, and IE 10+. There is the added benefit of not having to download any additional apps. Also, you can simply login via your mobile browser and preferred home device such as a laptop or tablet. The mobile trading app is a more streamlined trading platform that can access most of the same instruments and is available on both iOS and Android devices.

  • Require guaranteed stop-loss trading on all trades
  • Stock trading
  • Swap-free trading
  • Higher leverage
  • Options trading

When using the FPmarkets Trading account, clients can choose between two trading platform MT4/MT5 account choices and demo account.

From the MetaTrader 5 desktop platform you can view multiple charts just from one screen which enables you to keep track of multiple instruments. .
The charts are customisable and you can build watchlists of your favourite markets and view information such as the last price and the spread.
You can also 21 different timeframes which is well above what most platforms offer. There are also 38 technical indicators built in and ready to use.

Unique features 
Besides the build-in MT4 copy trading functionality, FP Markets partnered with Myfxbook Autotrade, also available from within the MT4 trading platform. The most recent expansion includes a proprietary copy trading service, FP Markets Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge. On the downside, the Iress trading platform remains geographically restricted and subject to non-trading-related fees unless traders fulfill monthly trading volume requirements, which adds pressure to trade. Regrettably, the 10,000 equity CFDs are only available on Iress.

Additional Features
FP Markets offers a range of educational resources and trading tools suited to all levels, including:

  • E-books on the basics of fundamental and technical analysis
  • Virtual Private Server (VPS) for MT4/MT5
  • Video tutorials for trading platform setups
  • Live trader dashboard with price analysis
  • Traders hub with articles and blogs
  • Myfxbook copy trading platform
  • Autochartist MetaTrader plugin
  • 800+ Share CFD Directory
  • Trader’s toolbox for MT4
  • Economic calendar
  • Forex calculator
  • FP Markets Social Trading
  • The broker has released a bespoke social copy trading solution. Clients can automatically mirror the positions and strategies of established investors. Available on iOS and Android devices, clients can use the broker’s ranking table to find a Provider with a solid trading history and whose strategies and risk parameters match up. A great way to test new markets or to learn from leading traders, this latest feature from FP Markets has a lot to offer.

FP Markets Account Types

Traders can opt for the commission-free Standard Account or the commission-based Raw Account. We highly recommend Forex traders to opt for the Raw Account, as trading costs remain notably lower, while the minimum deposit is $100 with a maximum leverage of 1:500 for non-EU traders. All other trading conditions remain identical.

Below is an example of the difference in trading costs for a 1.0 standard lot buy position in the EUR/USD, held for seven nights with leverage of 1:500, and a minimum commission-free spread of 1.0 pips, and the 0.0 pips alternative in the commission-based account.

Standard Account: $10 (1.0 pips spread) + $31.29 (swap rate for seven nights) = $41.29

Raw Account: $6 (commission) + $31.29 (swap rate for seven nights) = $37.29

The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month.

FP Markets Commission and fee

There are a variety of different fees to look at when choosing a broker.

Trading fees are those associated with buying and selling a financial instrument. These include the cost to enter and exit a trade (known as the commission), the cost between the buy price and sell price (known as the spread) and the overnight fee (known as the swap fee), as well as any conversion fees.
Non-trading fees are charges that are not related to buying and selling a financial instrument. These include deposit and withdrawal fees (a detailed review of these can be found further down in this review), as well as any inactivity fees. The fees to really keep an eye on are the spread and commission for buying and selling as these will impact your profits the most.

FP Markets Trading Fees
To test FP Markets trading fees we opened a live Standard Account and used the MetaTrader 5 desktop platform to view the live spreads.
This is important as a broker’s demo account – by default – may show the spreads of a different account with a much higher minimum deposit, thereby not giving you a true picture when you trade live with them.

The currency and metal pairs were tested on 21 September 2021 just after the London open (8 am UK time) which is regarded as the most liquid time for these markets. The stock market indices and individual stocks were tested just after the US session opened (2.30 pm UK time) where there is the biggest number of buyers and sellers in the market.

FP Markets also provide access to a Raw Account which offers spreads from 0 pips with low commissions of just $3 per lot (100,000 units of currency), per side on currency pairs. For this account, the round turn commission (to buy and sell) is $6 which is better than the industry average.


FP Markets Banking

Clients that have registered and look to fund their account can choose from a broad range of international currencies to fund their accounts.
These include AUD, CAD, USD, JPY, CHF, EUR, GBP, SGD, HKD, CNY and NZD
Like most brokers, you will be able to use Bank wire transfers & credit cards, Visa, Mastercard and UnionPay as well as several electronic payment methods including AstroPay, Neteller and Skrill.
What not most brokers offer is that you will, besides, be able to fund your account using BPay, or with the old fashion way of cheques.

If you are associated with any Forex trading, you must set up the payment modes beforehand trading. FP Markets, however, offer plenty of choices for both when you try to deposit or withdraw funds.

So, here is the list of payment modes that the company offers respectively.

  • Deposit Options : Bpay, Credit Card, FasaPay, Neteller, Ngan Luong, PayPal, Paytrust88, Poli, Skrill, Wire Transfer,bitcoin
  • Withdrawal Options: Bpay, Credit Card, FasaPay, Neteller, Ngan Luong, PayPal, Paytrust88, Poli, Skrill, Wire Transfer

FP Markets FAQ

  • Is FP Markets a good broker?
    A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term “a good broker” can vary in meaning. You can decide for yourself if FP Markets is a good broker for you or not by reviewing the criteria. In general, FP Markets provides trading service in Forex , Indexes and Metals . As for the payment methods, you can choose between Bitcoin, Credit/debit cards, Dragonpay, Ethereum, FasaPay, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT) and Wire transfer. The customer support is available via Email, Live chat, Office and Phone.
  • What is the minimum deposit for FP Markets?
    The starting capital in FP Markets is $100.
  • Is FP Markets regulated?
    FP Markets is regulated by ASIC 286354 and CySEC 371/18. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients’ financial losses.
  • Is FP Markets legit?
    FP Markets is a brokerage company offering trading services for clients since 2005 with offices in Australia.
  • What is DMA Pricing on CFDs?
    DMA pricing is a type of execution where the client gets a genuine exchange price feed from the market in which they’re trading, whether it is from a liquidity provider or an exchange’s order books. Clients receive direct access to the exchange’s order book, full market depth, and live market prices with DMA pricing. FP Markets, which was founded in 2005, is a pioneer of the DMA pricing module.

FP Markets Verdict

With incredible trading experience, FP Markets is unquestionable of the frontline companies that you should consider when contemplating Forex trading.
The platforms are robust and everyone, whether you are a rookie or a pro, you can access them. The client support is decent and the variety in service is almost unparalleled.

fp markets details

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