FP Markets is a well-established broker since 2005. FP Markets has headquarters in Australia, Cyprus, South Africa, Nigeria and Brazil. They are generally well-suited for FP Markets to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC 286354, CySEC 371/18, FSCA 50926 and FSA (Seychelles).
Country of clients
Protection amount
Regulator
Legal entity
Australia
No protection
Australian Securities and Investments Commission (ASIC)
First Prudential Markets Pty Ltd
EU
€20,000
Cyprus Securities and Exchange Commission (CySEC)
First Prudential Markets Ltd
Rest of the world
No protection
Financial Services Authority (St. Vincent and the Grenadines)
First Prudential Markets LLC
Extensive Review
Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:
ACWI: -5.00 for long positions and -2.50 for short positions.
ADAUSD: -20.00 for long positions and -20.00 for short positions.
AGG: -5.00 for long positions and -2.50 for short positions.
Account Information
This broker Apart from the forex demo account, offers Standard and RAW. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FP Markets is up to 1:500.
Meanwhile, you can open an account with a starting capital of $$100.
Min Deposit $$100
Max Leverage
1:500
Spread Variable
Commission $3
If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:
Money can be transferred via a variety of different mediums. Here are deposit and withdrawal informations on FP Markets:
Deposit
Deposit method
MetaTrader platforms
Domestic bank transfer Bank of China Online Pay BPay PoliPay PayTrust88 Fasapay Ngang Luong Interac Dragonpay
Free
International bank transfer
AUD 12.5
Credit Card
Free
Neteller
Free
Skrill
Free
PayPal
Free
Broker to broker
Domestic: free International: AUD 25
Withdrawal
Withdrawal method
Withdrawal fee
Credit/debit card (MT4/MT5/IRESS)
Free
International bank transfer
AUD 10
Domestic bank transfer
Free
Neteller
2%, maximum $30 per $45,000 transaction
Skrill
1% + country fees (if applicable)
Fasapay
0.5%
PayTrust88
1.5%
Ngan Luong
1,000 VND +1%
PayPal
MT4/MT5: free IRESS: 2%
Bank of China Online Pay
$18
Broker to broker
Domestic: free International: AUD 25
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
FP Markets also provides payment with Apple Pay, Zcash, USD Coin (USDC), Tether (USDT), Ripple, Perfect Money, Local bank transfer, Litecoin, Google Pay, Ethereum, Dragonpay, Dash, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FP Markets offers you MetaTrader 4, MetaTrader 5, TradingView, cTrader and Web.
MT4 / MT5
Recommended for
Forex traders looking for more sophisticated research tools
Tradable products
Forex, commodity CFD, stock index CFD
Monthly platform fee
Free
Minimum deposit
AUD 100
Web trading platform offered
Yes
Mobile trading platform offered
Yes
Desktop trading platform offered
Yes
Research and Education
There is also an array of free educational resources for all its clients, which is not lacking compared to other brokers.
Beginner Course
✔️
✔️
✔️
Advanced Course
✔️
✔️
✔️
Customer Support
Do you have any question or find any trouble related to FP Markets? If you do, you should reach FP Markets's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Arabic
Chinese
English
French
Indonesian
Italian
Malay
Portuguese
Russian
Spanish
Vietnamese
Office Support
Email Support
Call Support
Chat Support
FAQ About FP Markets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FP Markets is a good broker for you or not by reviewing the criteria. In general, FP Markets provides trading service in Forex , Indexes , Metals , Crypto , ETFs , Stocks , Commodities , Gold & Silver and Bonds. As for the payment methods, you can choose between Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money. The customer support is available via Email, Live chat, Office and Phone.
The starting capital in
FP Markets is
$$100.
FP Markets is regulated by ASIC 286354, CySEC 371/18, FSCA 50926 and FSA (Seychelles). A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
FP Markets is a brokerage company offering trading services for clients since 2005 with offices in Australia, Cyprus, South Africa, Nigeria and Brazil.