FP Markets review by - TopAsiaFX

FP Markets, originally based in Australia, has established itself as one of the most trusted and secure brokerage companies in the realm of online trading. Since its inception in 2005, this widely-known brokerage firm has been headquartered in Sydney, catering to traders from around the globe.

FP diligently adheres to the stringent regulations enforced by two esteemed bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), exemplifying their commitment to transparency and security.

Furthermore, FP has garnered renown for its notable accolades and an extensive array of trading instruments, encompassing over 13,000 offerings. Engaging in Forex, CFD, Commodities, Indices, Cryptocurrencies, and more, their comprehensive range of trading accessories is unmatched.

FP Markets Pros & Cons

Pros

  • ASIC regulated funding,
  • Offer Webtrader,
  • Accept PayPal

Cons

  • Doesn't accept US clients,
  • Doesn't Accept Bitcoin,
  • No Bonuses

FP Markets Account Types

Accounts Currencies Min. deposit Leverage Starting Spreads Demo Account Rollover Free Decimal Pricing Commission per trade Max. Lot Size Per Trade Min. Lot Size Per Trade
Forex Standard Account 70+ Forex pairs, metals, indices, commodities $$100 AUD or equivalent 500:1 From 1.0 pips Yes Yes Zero 0.01
Forex Raw Account 70+ Forex pairs, metals, indices, commodities $$100 AUD or equivalent 500:1 From 0.0 pips Yes Yes USD $3 per side 0.01
Islamic Standard Account 70+ Forex pairs, metals, indices, commodities $$100 AUD or equivalent 500:1 From 1.0 pips Yes Yes Zero 0.01
Islamic Raw Account $100 AUD or equivalent $70+ Forex pairs, metals, indices, commodities 500:1 From 0.0 pips Yes Yes USD $3 per 100,000 0.01

Account Options

Broker Type Minimum Deposit Forex Majors Spread Maximum Leverage Min. Trade Size Scalping Hedging Free Demo USA Traders
ECN, STP $100 0.1 500:1 0.1 lots Yes Yes Yes No

FP Markets Trading Platforms, Fees & Regulation

When it comes to trading, the right tools can make all the difference. That's why FP believes in harnessing the power of cutting-edge technology to provide traders with the best and most innovative trading platforms.

Trading platforms serve as the foundation for a brokerage's success and reputation. They are the key to reaching new heights in the trading world. FP, being one of the most renowned brokerages of our time, understands this well and has invested its heart and soul into offering the latest and greatest trading platforms.

Let's take a quick look at the range of trading platforms FP has to offer.

MetaTrader 4 ( Both desktop and mobile )

Key specifications of MT4:

  • Streaming Live Prices on Live and Demo accounts
  • Market Watch and Multiple Chart Windows
  • Numerous Order types
  • Expert Advisor and Indicator tools for trading
  • One-Click Trading
  • Multiple add-on platforms to access your trading anywhere, anytime
  • Client Terminal security communicates over a 128bit Secure Encryption
  • Alerting features
  • Fully customizable desktop, including background, font, and chart colours
  • Multiple Language options are changeable at a click of a button.

MetaTrader 5 ( Both desktop and mobile )

Key specifications of MT4:

  • Trade via your PC
  • One-Click Trading
  • Display Currency Market Depth
  • 6 pending orders types including Buy Stop
  • Limit and Sell Stop Limit
  • 80+ inbuilt indicators & graphical objects
  • 21 timeframes
  • Inbuilt Economic Calendar
  • Improved strategy tester for EAs
  • Hedging allowed

Regulation
  • ( ASIC, AFS, CySEC , SVGFSA )
Fees
  • Yes
Platforms
  • MT4, MT5, WebTrader, IRESS

FP Markets Top Features

FP Markets has gained recognition not only for its regulatory compliance but also for its comprehensive range of trading instruments. With over 13,000 trading products available, the company caters to the diverse needs of traders. Whether you're interested in forex, CFDs, commodities, indices, cryptocurrencies, or other trading options, FP Markets has you covered.

FP Markets Compliance & Regulation

FP Market is probably one of the most secure brokerage companies that are currently working on a global basis. One of the key factors that sets FP Markets apart is its stringent regulatory oversight. The company operates under the supervision of two highly reputable regulatory bodies, namely the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory authorities ensure that FP Markets adheres to strict financial standards, offering traders a safe and secure trading environment. The Australian high-end brokerage First Prudential Markets is regulated by the following:

  • The ASIC ( Australian Securities and Investments Commission )
  • The AFSL ( Australian Financial Services License ) under license number 286354
  • The CySEC ( Cyprus Securities and Exchange Commission ) is under license number 371/18.

FP is audited by BDO Australia, which is an external Australian independent auditor, and the client funds are also HEAVILY isolated through the AAA-rated banks. For example, you can assume the  National Australia Bank or Commonwealth Bank of Australia.

FP Markets Service Details

Supported Languages ENGLISH, 中文(简体), CZECH, ESPAÑOL, GREEK, العربية , 한국어, BAHASA MELAYU, DEUTSCH, PORTUGUÊS, ภาษาไทย, FRANÇAIS, INDONESIAN, ITALIAN, VIETNAMESE, POLSKI, KHMER
Customer Service By Live Chat, Email, Call, Social
Service Hours 24/7
Email Response supportteam@fpmarkets.com

FP Markets Trading And Investment Tools

One Click Trading Yes
Stop Order Yes
Limit Order No
Trade off Charts No
Market Order No
24hr Trading No
Email Alerts No
Trailing Stop Order No
Charting Package No
Mobile Alerts Yes
OCO Orders No
Streaming News Feed No

FP Markets Pricing

FP Markets has made its deposit and withdrawal process pretty easier compared to its other competitors. You'll be getting a lot of transaction methods to choose from while making a deposit.

Which includes Debit-credit cards, BPay, Neteller, PayPal, Skrill, PayTrust, FasaPay, Ngan Luong, Broker to Broker, and much more!

Note: While depositing, FP Markets requires a minimum amount of 50$ to a maximum amount of over 10,000$ for the globally made deposits.

And, as for withdrawals, you can withdraw your capital from FP within a day or sometimes it requires more than 1 day.

Moving on, FP charges fees on withdrawal such as 10$ for bank wire, $18 for Online Pay, 1,000 VND + 1% for Ngan Luong, 2% on both Netteler and PayPal, 0.5% on FasaPay, 1.5% on PayTrust. Besides, the card payments are free.

Deposit Methods

Withdrawl Methods

FAQ Section

+

FPMarkets do not charge any deposit fees, with the exception of international bank transfers. You can see all the fees here: https://www.fpmarkets.com/int/funding/deposit-funds/

+

MT5 is the successor of the MT4 platform and has far superior functions and technology to MT4. Although MT4 is more popular at the moment (due to the length of time available on the market), eventually MT5 will completely replace it.

+

The minimum deposit to open an account from FPMarkets is AUD100 or equivalent for all types of MT4 and MT5 accounts.

+

Yes, all pricing on the MT4 and MT5 platforms is live with no delays.

+

Please login to your Client Area, on the left side of the screen click on “Funding”, choose “Deposit”, select the trading account to which you wish to deposit, and click “Submit”.

+

The main reason why CFD trading is not available to US traders is that it is against US securities law. Over-the-counter financial instruments, such as CFDs, are heavily regulated through legislation like the Dodd-Frank Act and enforced by the SEC (Securities and Exchange Commission).

+

FPMarkets offers a number of assets to trade with, including:

  • Forex
  • CFDs
  • Equities
  • Precious metals
  • Commodities
  • Indices
  • Cryptocurrency CFDs

FP Markets User Experience

It is customer support that is considered as one of the most crucial features that put a broker ahead in the race to attain more fame. And, FP also has worked its way through with 24/7 available customer support.

It gets even better!

FP's customer support also ensures a multi-language service. Therefore, you'll be getting English, Arabic, German, Greek, Indonesian, Malaysian, Portuguese, Russian, French, Spanish, Italian, Vietnamese, and Thai.

You can contact them 24/7 via:

  • E-mail: support@fpmarkets.com
  • Telephone (AUS): 1300 376 233, (02) 8252 6800
  • Telephone (Int.): +61 (0)2 8252 6800
  • Fax (Aus.): (02) 8252 6899
  • Fax (Int): +61 (0)2 8252 6899

Research & Education

Thinking about all the traders, FP has put together several education resources in one particular place so that the traders can learn every required factor about the Foreign exchange market.

They are providing:

  • Platform tutorial videos
  • Trading E-Books
  • Significant Webinars
  • High-quality blog post...... and much more!

Besides, if you're unable to find those then go to the 'Resources' toolbar's 'Education' and you'll see everything is listed there.

Conclusion:

FP Markets has cemented its position as a reliable and secure brokerage company in the online trading industry. With its stringent regulatory oversight, extensive range of trading instruments, advanced trading features, and external trading advantages, FP Markets caters to the needs of both novice and experienced traders. By choosing FP Markets, traders can gain access to a trusted platform that prioritizes their success and financial security.

Add Your Review

4.0
Add your review

User Reviews

Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.

* * * <a href="http://crewmen.ca/upload/ynjz8j.php">Apple iPhone 15 Free</a> * * * hs=93c3c0e236cb055bc429176f6a713bac*

| Zimbabwe

6yieo2

kx8xix

Read More
4

2 Jul, 2024

* * * Apple iPhone 15 Free: http://crewmen.ca/upload/ynjz8j.php * * * hs=93c3c0e236cb055bc429176f6a713bac*

| Zimbabwe

zz6t83

b67pdx

Read More
4

2 Jul, 2024

TUolWgHLRJytZS

| Zimbabwe

TgPWjKfax

UulxaoyvPTm

Read More
4

16 Apr, 2024

TUolWgHLRJytZS

| Zimbabwe

TgPWjKfax

UulxaoyvPTm

Read More
4

16 Apr, 2024

TUolWgHLRJytZS

| Zimbabwe

TgPWjKfax

UulxaoyvPTm

Read More
4

16 Apr, 2024