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.

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2023, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.