FP Markets Review
FP Markets is a well-established broker since 2005. FP Markets has headquarters in Australia, Cyprus and South Africa. FP Markets to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by ASIC 286354, CySEC 371/18 and FSCA (South Africa) 50926.
Major Information
💲 Min Deposit $100
⚖ Max Leverage 1:500
💡 Min Position 0.01 lot
🌐 Website www.fpmarkets.com
⌛ Year Established 2005
3.86/5
Extensive Review
- 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.
Company Information
Features
📖 Free education
👨💻 PAMM
📊 MAM
📁 Segregated accounts
🕋 Islamic accounts available
💱 Hedging
🗺 Vps
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.
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 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
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 and Gold & Silver 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
1:500
Indexes
1:500
Metals
1:500
Crypto
1:5
ETFs
1:30
Commodities
1:30
Gold & Silver
1:30
💲 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
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 and Gold & Silver 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
1:500
Indexes
1:500
Metals
1:500
Crypto
1:5
ETFs
1:30
Commodities
1:30
Gold & Silver
1:30
Payment Methods
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, 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 and MetaTrader 5.
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
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 and Gold & Silver . 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 and Zcash. 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 and FSCA (South Africa) 50926. 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 and South Africa.
May 30 2023
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1 Comment
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.