FP Markets

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	Official Website
Leverage	1:500
Minimum Deposit	$100
Regulation	ASIC, CySEC
Year Established	2005
Payment Methods	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay
Trading Assets	Forex, Indices, Shares, Commodities, Cryptocurrencies
MT4	✅
MT5	✅
Spreads	Very Low
Average cost: EUR/USD	0.2 pips
Demo Account	✅
Islamic Account	✅
CopyTrading	✅
ZuluTrade	✅
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Contact Information	Email: [email protected], Phone: +61 2 8252 6800
Address	Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000, Australia
Rating	★★★★☆ 4.5
Website	Official Website

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Pros and Cons

Is FP Markets the Right Choice for You? A Detailed Review

FP Markets, established in 2005 and headquartered in Sydney, Australia, is a well-regarded broker in the online forex and CFD trading space.

It has developed a reputation for competitive pricing, a wide range of trading instruments, and access to advanced trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress platform.

The firm is regulated by reputable authorities, ensuring a secure trading environment that caters to both beginners and seasoned traders.

This review provides an in-depth analysis of FP Markets, covering everything from trading platforms and account types to fees, research tools, customer support, and more.

Regulation and Safety

Regulation is a critical consideration when selecting a broker, as it ensures the company operates under strict standards for transparency and customer protection.

FP Markets is regulated by two main bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), both of which are known for their stringent compliance requirements.

ASIC Regulation

ASIC is globally recognized for its rigorous regulatory framework.

The company is licensed and regulated by ASIC (AFSL No. 286354), which mandates the broker to maintain high standards of financial integrity and client protection.

This includes keeping funds in segregated accounts separate from the company’s operational funds, reducing the risk of misuse or insolvency.

ASIC also requires the firm to maintain sufficient capital reserves, submit regular financial reports, and undergo periodic audits, providing an additional layer of security.

CySEC Regulation

The firm is also regulated by CySEC (License No. 371/18), which oversees its activities in the European Union under the Markets in Financial Instruments Directive (MiFID II).

CySEC regulation allows the broker to operate throughout the European Economic Area (EEA) while adhering to the EU’s financial standards, which emphasize investor protection, market transparency, and fair trading practices.

Furthermore, CySEC mandates that the firm participates in the Investor Compensation Fund (ICF), which offers coverage of up to €20,000 per client in the event of insolvency.

Additional Safety Measures

Beyond regulation, FP Markets employs several additional measures to safeguard funds and data:

• Negative Balance Protection: Ensures that people do not lose more than their deposited funds, providing protection during extreme market volatility.
• Secure Socket Layer (SSL) Encryption: Protects data transmitted between users and their servers from potential cyber threats.
• Two-Factor Authentication (2FA): Adds an extra layer of security for account access, helping to prevent unauthorized access.

Trading Platforms

FP Markets offers several trading platforms, each tailored to different types of clients, from beginners to professionals.

The platforms available include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress platform.

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms globally, favored by traders for its user-friendly interface and robust feature set.

It offers full support for MT4, which includes:

• Customizable Interface: Allows anybody to personalize the trading environment, such as adjusting chart colors, creating custom indicators, and setting up automated trading systems through Expert Advisors (EA).
• Advanced Charting Tools: Provides hundreds of technical analysis tools, including 30 built-in indicators and nine different timeframes.
• Automated Trading: Supports automated trading through EA, which can execute trades based on predefined parameters.
• One-Click Trading: Enables rapid execution of trades directly from charts.
• Multi-Language Support: Available in multiple languages, making it accessible to customers worldwide.

MetaTrader 5 (MT5)

MT5, the successor to MT4, offers enhanced features, particularly for those interested in a broader range of assets.

Key enhancements include:

• Additional Order Types: Offers more order types, such as buy stop limit and sell stop limit, providing traders with greater flexibility.
• Enhanced Charting Tools: Includes 21 timeframes, more chart types, and 38 technical indicators for more in-depth market analysis.
• Integrated Economic Calendar: Helps investors stay updated on key market events.
• Depth of Market (DOM): Provides full market depth, offering transparency on the liquidity of an instrument.
• Improved Strategy Testing: Features a multithreaded strategy tester for faster and more accurate back testing.

Iress Platform

The Iress platform is designed for professionals who need advanced tools and access to a broad range of markets.

It provides direct market access (DMA) to over 10,000 financial instruments.

• Direct Market Access (DMA): Enables traders to execute trades directly on exchanges, ensuring better transparency and tighter spreads.
• Advanced Trading Tools: Includes sophisticated charting tools, real-time data, and various order types.
• Comprehensive Market Coverage: Access to major stock exchanges worldwide, including those in the US, Europe, Asia, and Australia.
• Professional-Level Analysis Tools: Features such as market depth, live news feeds, and extensive reporting tools cater to active and professionals.

Comparison of Trading Platforms

Account Types

FP Markets offers 4 account types tailored to different trading needs.

Each account type has distinct features, pricing structures, and trading conditions to accommodate various trading styles.

Standard Account

The Standard Account is a commission-free account with spreads starting from 1.0 pips.

It is best suited for beginners and intermediate users who prefer simplicity.

• Minimum Deposit: $100
• Spreads: From 1.0 pips
• Commission: No commission
• Leverage: Up to 1:500
• Trading Platforms: MT4 and MT5
• Negative Balance Protection: Yes

Raw Account

The Raw Account offers tighter spreads, starting from 0.0 pips, with a commission of $3 per side per lot.

It is ideal for scalpers and high-frequency traders.

• Minimum Deposit: $100
• Spreads: From 0.0 pips
• Commission: $3 per side per lot
• Leverage: Up to 1:500
• Trading Platforms: MT4 and MT5
• Negative Balance Protection: Yes

Iress Account

The Iress Account is designed for professionals who require DMA and advanced tools.

It provides access to the Iress platform with a tiered commission structure.

• Minimum Deposit: $1,000
• Spreads: From 0.0 pips (DMA pricing)
• Commission: Tiered, based on trading volume
• Leverage: Up to 1:20
• Trading Platform: Iress
• Negative Balance Protection: Yes

Islamic Account

For those adhering to Sharia law, FP Markets offers Islamic Accounts, which are swap-free to comply with Islamic finance principles.

Available for both Standard and Raw Account types.

Comparison of Account Types

Trading Conditions

FP Markets is known for its competitive trading conditions, including low spreads, high leverage, fast execution speeds, and a wide range of trading instruments.

Spreads

The firm offers some of the most competitive spreads in the industry.

The Raw Account features spreads starting from 0.0 pips with a $3 commission per side per lot, while the Standard Account is commission-free with spreads starting from 1.0 pips.

This flexibility allows traders to choose an account type that aligns with their trading strategy.

Leverage

Leverage of up to 1:500 is available for forex trading, which is among the highest in the industry.

Leverage levels vary by asset class and regulatory jurisdiction, such as a maximum of 1:30 for clients under CySEC regulation due to EU restrictions.

Execution Speeds

FP Markets offers fast execution speeds, crucial for high-frequency traders and scalpers.

Their servers are located in Equinix NY4, providing low latency and high-speed connections to major liquidity providers.

Range of Instruments

The broker offers access to a diverse range of financial instruments, including:

• Forex: Over 60 currency pairs (majors, minors, exotics).
• Indices: Major global indices such as the S&P 500, NASDAQ 100, FTSE 100, and DAX 30.
• Shares: Stocks from major exchanges like ASX, NYSE, NASDAQ, and LSE.
• Commodities: Precious metals (gold, silver), energy products (oil, gas), and agricultural commodities.
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and more.

Comparative Overview of Trading Conditions

Fees and Commissions

Understanding the fee structure is essential for assessing the cost-effectiveness of trading.

FP Markets maintains a transparent fee structure, primarily composed of spreads and commissions.

Trading Fees

• Standard Account: No commission, but spreads start from 1.0 pips.
• Raw Account: Tighter spreads starting from 0.0 pips with a $3 commission per side per lot.
• Iress Account: Tiered commission structure based on trading volume, starting from 0.1% of the trade value.

Non-Trading Fees

This broker does not charge fees for deposits, regardless of the payment method.

However, withdrawal fees may apply depending on the method used (e.g., bank wire transfers may incur a fee).

The firm does not charge inactivity fees, which is beneficial for those who do not trade frequently.

Research and Educational Resources

FP Markets offers a robust suite of research and educational resources, catering to both beginners and professionals.

Market Analysis

The broker provides daily market analysis covering various asset classes such as forex, indices, commodities, and cryptocurrencies.

These analyses are published in multiple formats, including articles, videos, and webinars, offering insights into market trends, technical analysis, and trading signals.

Educational Resources

The company provides comprehensive educational resources, including:

• Webinars: Regular webinars hosted by market experts, covering a wide range of trading topics.
• Trading Guides: Detailed guides on trading strategies, technical and fundamental analysis, risk management, and trading psychology.
• Video Tutorials: Available on their YouTube channel, covering platform features, market analysis techniques, and trading strategies.
• E-Books: Various free e-books on trading topics available for download.

Comparative Analysis of Educational Resources

Customer Support

FP Markets offers 24/7 support through various channels, ensuring that clients receive prompt and effective assistance.

• Live Chat: Available on the website for real-time support.
• Email Support: Can be reached at [email protected], with a typical response time within 24 hours.
• Phone Support: Accessible via a dedicated hotline (+61 2 8252 6800) and available in multiple languages.

The quality of customer support is consistently praised by clients, highlighting the team’s responsiveness and professionalism.

The company also maintains a detailed FAQ section on its website, covering common questions related to account management, platform features, fees, and more.

Account Opening Process

The account opening process is simple and can be completed online within minutes.

1. Registration: Prospective clients need to fill out a registration form, providing basic personal information and selecting their preferred account type and trading platform.
2. Verification: Users must verify their identity by submitting documents such as a government-issued ID and proof of address. This step is essential for security and compliance with regulatory standards.
3. Funding: After verification, customers can deposit funds via various payment methods, including bank transfers, credit/debit cards, and e-wallets. The company supports multiple currencies, making it convenient for people from different regions.
4. Start Trading: Once the account is funded, individuals can start trading immediately.

Conclusion

FP Markets stands out as a reputable and versatile broker with competitive trading conditions, a wide range of instruments, and robust regulatory oversight.

It offers multiple trading platforms, including MT4, MT5, and the Iress platform, catering to different types of traders, from beginners to professionals.

With a transparent fee structure, diverse account types, and comprehensive educational resources, it is well-suited for people of all levels.

The firm’s strong regulatory framework under ASIC and CySEC provides additional assurance of safety and reliability.

Whether you’re a novice trader looking to learn or a seasoned professional seeking advanced trading tools and direct market access, it offers a comprehensive trading solution tailored to your needs.

Given its well-rounded offerings and commitment to client satisfaction, FP Markets is a broker worth considering in the competitive landscape of online trading.

FAQ

Resources

• Official Website: https://www.fpmarkets.com/
• Facebook: https://www.facebook.com/FirstPrudentialMarkets/
• YouTube: https://www.youtube.com/user/fpmarkets/
• Twitter: https://twitter.com/FP_markets/
• Instagram: https://www.instagram.com/fpmarketsofficial/

User Reviews

Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
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Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Alternatives

Rank	Broker	Review
1	xChief
2	XTB
3	Exness
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5	FBS
6	XM
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Last updated: September 5, 2024