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FP Markets Review

Broker Information Security Popularity Payment Spec Instruments Score
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Popularity A
Payment A
Spec A
Instrument A
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score 78
FP Markets
  Regulation 100
ASIC
CySEC
FSA (Seychelles)
FSCA
  Security 100
Segregated accounts
Negative balance protection
Established more than 10 years
  Instrument 100
Forex
Commodities
Stock
Crypto
Bonds
Index
etf
Gold
  Platform 100
MetaTrader 4
MetaTrader 5
cTrader
Tradingview
Web
  Payment 100
Bank Transfer
Credit/debit card
Crypto
Neteller
Skrill
FasaPay
Perfect Money
Google Pay
Wire
  Features 100
PAMM
Webinar
Copy trading
Bonus
Education
Affiliate
Automated trading
Manage
Vps
  Spec 100
Islamic account
Hedging
Scalping
Leverage more than 1:500
Low spread eur/usd
Swap

💲 Min Deposit $100

Year Established 2005

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website www.fpmarkets.com

🌎 Country AustraliaCyprusSouth AfricaNigeriaBrazil

Max Leverage 1:500

📖 Free education

👨‍💻 PAMM

📊 MAM

📁 Segregated accounts

🕋 Islamic accounts available

💱 Hedging

Negative balance protection

Low spread eur/usd

Copy trading

🗺 Vps

Pros

  • low spreads from 0.0 pips
  • Great educational content
  • Easy, fast account opening
  • Quick deposits and withdrawals
  • Fast execution

Cons

  • Some accounts require a high minimum deposit
  • High stock CFD fees
  • Compatible with MT4, but lacks advanced metrics

FP Markets is a well-established broker since 2005. FP Markets has headquarters in Australia, Cyprus, South Africa, Nigeria and Brazil. 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

Apart from the forex demo account, this broker 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.

pin

Min Deposit

$100

pin

Max Leverage

1:500

pin

Spread

Variable

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Commission

$3

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

🕛 Overnight interest rates (swaps)

💸 Commission

Fees

Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 1.7 points is the average spread cost during peak trading hours.
EURUSD Low Raw account: $3.00 commission per lot per trade plus spread cost. 0.09 pips is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

Instruments Traded

Besides lots of currency pair, FP Markets also offers some instruments you would like to trade on, such as Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver and Bonds for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, FP Markets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Indexes

Indexes
1:500

Metals

Metals
1:500

Crypto

Crypto
1:5

ETFs

ETFs
1:30

Commodities

Commodities
1:30

Gold & Silver

Gold & Silver
1:30

Bonds

Bonds


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

🕛 Overnight interest rates (swaps)

💸 Commission $3

Fees

Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 1.7 points is the average spread cost during peak trading hours.
EURUSD Low Raw account: $3.00 commission per lot per trade plus spread cost. 0.09 pips is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

Instruments Traded

Besides lots of currency pair, FP Markets also offers some instruments you would like to trade on, such as Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver and Bonds for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for RAW account, FP Markets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Indexes

Indexes
1:500

Metals

Metals
1:500

Crypto

Crypto
1:5

ETFs

ETFs
1:30

Commodities

Commodities
1:30

Gold & Silver

Gold & Silver
1:30

Bonds

Bonds

Payment Methods

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 profitability 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.



FP Markets News
David Tristan
FP Markets has been recognized for its excellence in several key areas by Forexbrokers.com. This recognition comes as FP Markets celebrates nearly 20 years in the industry.
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Unlock up to $200 by referring friends to FP Markets! Elevate your trading experience now.
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FP Markets partners with TradingView to add privileges to an unrivaled arsenal of trading and charting tools and the global social network for traders.
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FP Markets obtained a Kenyan Non-dealing Foreign Exchange Broker License from the Capital Markets Authority (CMA) to strengthen its presence in the African region.
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FP Markets adds its list of award collections with the Best Forex Trading Tools Provider in 2023 award, given by FXScouts.
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FP Markets elevates CSR impact, sponsoring Cricket Brasil's youth development for education and community growth.
FP Markets Articles
Diva Nadia
Pepperstone and FP Markets may be comparable in terms of being ASIC-regulated brokers, but how about their apps for mobile trading?
David Tristan
FP Markets offers a Raw account with tight spreads and a Standard account suitable for beginners. Which account type is better for you?
Diva Nadia
FP Markets supports various trading strategies, including copy trading. Read this guide to learn all about it.
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Many forex brokers offer lower spreads to attract new clients these days. But what about FP Markets? Read further to find out.
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When opening an account in FP Markets, you need to complete the verification process. This includes uploading personal documents. Here is the tutorial.
Anya Mei
The FP Markets copy trading is a great feature to accommodate busy traders. What sets this feature apart from other copy trading platforms?
Upcoming Webinars
Testimonials
India
A Ann Warren
Sep 20 2023
 
I requested a $3,000 withdrawal from FP Markets, but it's... More
Pakistan
T Tommie Harris
Sep 20 2023
 
I have been working with this broker for the past... More
South Africa
F Franklin Casey
Sep 19 2023
 
I began using FP Markets three months ago, and I've... More
Malaysia
R Rudolph Griffin
Sep 18 2023
 
"Wow, this brokerage is a total gem! Tight spreads, and... More
Turkey
F Freddie Anderson
Sep 15 2023
 
Withdrew my cash last week, but it only got moving... More
Nigeria
V Victor Castro
Sep 13 2023
 
I've been trading with FP Markets for four months now,... More

1 Comment

R

Ronnie Hunt

May 18 2023

I feel like this broker is better than most of my old brokers. But I have only been trading with them for less than a year and tend to hold long positions. I am more of an investor than a trader. I have only been withdrawing about three times, I think? So far, I have never had any problems with it. For a long-term trader, this broker is quite accommodating regarding swap, slippage, and spreads. I found it pretty affordable.