FPMarkets
4.3

FPMarkets

Regulation: ASIC (Australia), Financial Services Authority (FSA) in Seychelles, Financial Services Commission in Mauritius, Mwali International Services Authority (MISA), First Prudential Markets Ltd - authorized by CySEC (Cyprus)

Pros
  • Powerful trading technology and ECN environment
  • Suitable for beginners and professionals
  • Excellent education through Traders Hub
Cons
  • Some withdrawal methods add on fee
  • High Stocks trading Spread

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: Cyprus

Regulation: ASIC (Australia), Financial Services Authority (FSA) in Seychelles, Financial Services Commission in Mauritius, Mwali International Services Authority (MISA), First Prudential Markets Ltd – authorized by CySEC (Cyprus)

Execution ECN

USA Traders: not allowed

Segregated account for client funds: yes

Trading Conditions

Currency Pairs: 45 currency pairs

Trading instruments: Forex, Shares, Metals, Commodities, Indices, Crypto Currencies, Bonds, ETFs

Account types: STP, ECN

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

Managed accounts: yes

Managed Accounts give clients the option to have a portfolio manager trade all of their accounts (known as “sub-accounts”) as if they were one “Master Account”. In order to perform this kind of money management, you require bespoke technology or software which is also known as a MAM/PAMM.

Forex VPS Hosting Service on MT4/5 and cTrader Trading: yes

FP Markets Copy Trading allows you to find, follow and copy successful traders automatically. There is no need to build your own trading strategy or conduct research on forex markets. Copy trading removes the complexities of trading forex and CFDs. Find out how it works and take part in the largest financial markets in the world.


Account Standard MT4 – MT5

Minimum Opening Balance $100 AUD or equivalent

Spreads From 1.0 pips

Instruments 70+ Forex pairs, metals, indices, commodities

Max Leverage 500:1

Commission per Lot Zero

Minimum Trade Size 0.01 Lot

Account Raw MT4 – MT5

Minimum Opening Balance $100 AUD or equivalent

Spreads From 0.0 pips

Instruments 70+ Forex pairs, metals, indices, commodities

Max Leverage 500:1

Commission per Lot USD $3 per side

Minimum Trade Size 0.01 Lot

Mini account: no

Demo account: yes (fueled with $10,000 USD of virtual money)

Islamic swap-free accounts: yes

Social trading: yes 

Platforms Overview

MetaTrader 4

MetaTrader 4 is the world’s most popular trading platform used for analysing the financial markets. MT4 is loaded with features and provides the added benefit of a customisable interface.
Download MT4 for PC, Mac, iPhone, IOS and Android.

Discover the benefits of trading with FP Markets on one of the most powerful trading platforms. As part of our commitment to seamless trading experiences, we offer advanced charting tools, numerous technical indicators, real-time price charts, market news and insights, and a suite of automated trading options.

Traders using Expert Advisors (EAs) can take advantage of FP Market’s fast execution speed. We have partnered with the top forex liquidity providers for deep liquidity, along with real-time price quotes for a wide range of tradable instruments. Download the MetaTrader 4 (MT4) software for Windows for free and experience trading with tight spreads and transparent commissions.

MetaTrader 4 (MT4) Platform features:

  • Customisable interface, including colours of technical indicators
  • One-click trading
  • MarketWatch
  • Live price streaming on live accounts and demo accounts 128-bits encryption for secure trading
  • Expert Advisors (EAs)
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community
  • Compatible with iOS, Android and Mac devices

MetaTrader 5

MetaTrader 5 (MT5) is an all-in-one trading platform for Forex, Shares, Metals, Commodities, Indices, and Cryptocurrencies. MT5 is a technologically advanced multi-asset platform specifically designed for trading Forex and CFDs. Download MT5 for Windows, Mac, IOS and Android.

Why choose MetaTrader 5 Trading Platform

Fast, Flexible and Informed

MetaTrader 5 is a technologically advanced multi-asset platform specifically designed for trading Forex and CFDs. The FP Markets MT5 platform for Windows offers traders access to a first-rate trading experience in ForexSharesMetalsCommoditiesIndices and Cryptocurrencies.

Following the success of MetaTrader 4, its developer MetaQuotes created MetaTrader 5 to cater for a more enhanced trading experience. The platform provides a wider range of market analysis tools and offers access to additional exchange markets. There is no need to use multiple applications as MetaTrader 5 is a complete suite.

The platform includes all the necessary tools required to conduct fundamental and technical analysis, along with the option of developing custom indicators. MetaTrader 5 has distinct features that accommodate for algorithmic trading and copy trading, making it suitable for traders using Expert Advisors (EAs).

In addition to its functionality, MetaTrader 5 provides a high level of flexibility. FP Markets offers versions for alternate operating systems including Mac OS and WebTrader, which is a web platform that is accessible through all popular internet browsers. You can also access your trading account via portable devices using FP Markets mobile versions for iOS (iPhone and iPad) and Android.

MetaTrader 5 (MT5) Platform Features:

  • Trade Forex, Indices, Commodities, Shares & Cryptocurrencies
  • Spreads from 0.0 pips & leverage up to 500:1
  • Depth of market display and technical indicators
  • 6 pending stop order types, including Buy Stop Limit and Sell Stop Limit
  • Improved strategy tester for algorithmic trading and expert advisors (EAs)
  • In-built market of trading systems & apps
  • Trading functions and alerts with e-mail and push notifications on mobile devices
  • Improve precision in forex and CFD trading through trading robots for scalpers
  • Forex Signals and Copy Trading
  • 21 time frames and 8 order types

MetaTrader WebTrader – MT4 & MT5

Access your MT4 or MT5 trading account from any web browser
using FP Markets MetaTrader WebTrader.

MT4 and MT5 online WebTrader platform features:

  • Trade Forex, Share CFDs, Indices, Commodities & Cryptocurrencies
  • Global Regulated
  • Spreads from 0.0 pips & leverage up to 500:1
  • RAW Pricing
  • Ease of trading (no download required & starts in seconds)
  • Complete suite of trading tools and operations
  • Trade from anywhere
  • One-click trading
  • Multiple order types and execution modes
  • Real-time price quotes
  • Data synchronisation across all platforms
  • Online support 24/7^^ & Personal Account manager
  • Multiple language support
  • Depth of Market feature

cTrader

cTrader is a fast and efficient multi-asset Forex and CFD trading platform, boasting advanced charting, advanced order types, level II pricing, powerful trading tools and superior execution.

Powered by Spotware, cTrader delivers a premium charting solution for professional traders and investors.

The cTrader trading platform is compatible with several versions and is designed for Forex and CFDs (Contract for Differences).

cTrader fuses a selection of impressive modern features, structured in a practical and easy-to-use style. From custom capabilities and rich charting applications, cTrader welcomes a range of trading styles, whether active day traders or long-term investors.

Chart Types and Timeframes:

Depending on their trading strategies and goals, traders and investors operate with different trading styles. Consequently, cTrader delivers a broad range of timeframes to work with, from the 1-minute to the monthly timeframe.

Price data can be displayed in several chart types, including Candlestick, Bars, HLC, Line, Heikin, Dots, Renko and Tick.

The ability to work with split screens is another key feature of cTrader and is crucial in today’s ever-evolving financial space. Detaching (and reattaching) charts is straightforward, with the option of viewing graphs through a Multi-Chart Mode on one screen.

cTrader also makes it easy to share your work on social media, using ChartShots. Adding to this, up to 50 templates can be saved from any version of cTrader.

cTrader’s Key Trading Features:

  •  Rapid Execution
  •  Level 2 Pricing
  •  Smart Stop-Out
  •  Selection of Order Types

Forex Learning Material and Latest Promotions

Educational material: Trading Courses Videos, Webinars, Podcasts, Platform Video Tutorials, eBooks 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.

Payment Methods

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.

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 2024 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.

You can be up and running quickly as both account opening and deposits are super easy and fast.

7.0
Regulation and Security
6.0
Platforms and Features
2.0
Deposit and Withdrawal
2.0
Educational Material
4.3 Overall Rating

top forex broker

 

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Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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