FP Markets Review

FP Markets is a well-established broker since 2005. FP Markets has a headquarter in Australia. It is 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 and CySEC 371/18.

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

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

Minimum Deposit

$100

Maximum Leverage

1:500

Spread

Variable

Commission

$3

• Standard
• RAW

Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FP Markets also offers some instruments you would like to trade on, such as Forex, Indexes and Metals 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

Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FP Markets also offers some instruments you would like to trade on, such as Forex, Indexes and Metals 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

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

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.

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.

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.

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.

FP Markets also provides payment with Credit/debit cards, Dragonpay, Ethereum, Local bank transfer, Ripple and Tether (USDT)

FAQ About FP Markets

Is FP Markets a good broker?

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 and Metals . As for the payment methods, you can choose between Bitcoin, Credit/debit cards, Dragonpay, Ethereum, FasaPay, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT) and Wire transfer. The customer support is available via Email, Live chat, Office and Phone.

What is the minimum deposit for FP Markets?

The starting capital in FP Markets is $100.

Is FP Markets regulated?

FP Markets is regulated by ASIC 286354 and CySEC 371/18. 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.

Is FP Markets legit?

FP Markets is a brokerage company offering trading services for clients since 2005 with offices in Australia.