Reviewed broker: FP Markets
Operated by: First Prudential Markets Pty Ltd
Established in 2005 – FP Markets is an established global CFD and Forex provider with over 12 years industry experience.
Location: Australia
Regulation: As an Australian based financial services provider, FP Markets is strictly regulated by one of the leading regulatory body worldwide – Australian Investments & Securities Commission (ASIC).
USA Traders: not allowed
FP Markets Review : Account, Payments and Trading Conditions
Currency Pairs: 45 currency pairs
Trading instruments: spot forex, equities, and CFDs
Account types: STP, ECN
Standard Forex Account
- Commission Free Trading
- Fast Execution
- Minimum initial deposit of $200
ECN Raw Account
- Access to 60 products such as forex, commodities, and indices
- High Leverage of 1:500
- Ultra Tight starting from as low as 0 pip
Minimum deposit requirement: $200
Payment methods: credit cards (1.8% free is charged for domestic Australian credit cards and 3.18% for international credit cards), Union Pay ( 1.75% free is charged for deposits in RMD and USD), Neteller ( 4% transfer charge), Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer.
Withdrawals are processed within 2-3 working days after the approval. There is no withdrawal fee charged by FP Markets.
Maximum leverage: 1:500
Mini account: no
Spreads start from 0 pips
Commissions: commissions and spreads at FP Markets depend on the trading account you choose. The commissions on forex, the minimum commissions are zero pip (ECN Raw A/C) and 1pip (Standard A/C).
Demo account: yes (fueled with $10,000 USD of virtual money)
Segregated account for client funds: yes
Islamic swap-free accounts: yes
Social trading: yes
Start Trading in Minutes
- Trade Forex and CFDs
- Powerful platforms: MT4 , MT5 & IRESS
- 10 000+ markets
- Spreads from 0.0 Pips
- Only $100 deposit
- 500:1 Leverage
FP Markets Review : Platform, Social Trading and Spreads
Trading platform: MetaTrader 4 (MT4) trading platform and innovative IRESS trading platform, Mobile trading
- 128 bit encryption
- Comprehensive Charting Package
- Extensive range of technical indicators
- Fully Customizable Interface
- MQL 4 Programming Language
- One Click Trading
- Real Time News feeds
- Support automated trading with EAs
- True ECN Pricing
- Access to Global Markets
- Advanced Price Charts
- Real Time News and Price Feeds
- Support Multiple Order Types
- Fast Execution
- Module Linking
ECN environment: yes
Live feeds of trading activities: yes
Follow specific traders activity: allowed
Copy other traders: yes
Spread types: variable
Stop loss/ limit orders: yes
Hedging: allowed
Automated trading: yes
FP Markets Review : Forex Learning Material and Latest Promotions
Educational material: tutorials, webinars, online videos, blog, market analysis
Promotion and bonus: $75 Free Trading Credit. Open a new MT4 trading account with as little as $200 AUD and receive a free $75 Trading Credit.
Customer support: email, phone, online chat and social media support is at your service with FP Markets international team taking care of clients in the following languages aside English – Bahasa Melayu, French, Finish, Chinese, Norwegian, Russian, Thai, Italian, German, Portuguese, Spanish and Swedish.
FP Markets Review : Questions and answers
- Is FP Markets regulated?
Yes, FP Markets is a regulated broker under ASIC – you can find the operating company First Prudential Markets Pty Ltd on the ASIC site.
- Where Is FP Markets located?
FP Markets is based in Australia, Sydney
- What deposit methods are there with FP Markets account?
You can make a deposit and request a withdrawal via credit cards, Skrill, Neteller, Unionpay, bank wire transfer and broker to broker transfer. Minimum deposit with the broker is $200.
- Is FP Markets reliable?
FP Markets is considered reliable broker with good reputation among traders.
- Does FP Markets use MetaTrader?
MetaTrader 4 trading platform is available with this forex broker.
How was the rating of FP Markets performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FPMarkets FX broker performance and features.
Overall our online FPMarkets review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FPMarkets or you find inaccurate details FP Markets broker review please get in touch with us and the changes will be applied.
