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FP Markets Review

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FP Markets

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.


Company Information

🌐 Website
www.fpmarkets.com

Year Established
2005

🌎 Country
AustraliaCyprus

💼 Regulation

Features

💰 Bonus offers

📖 Free education

👩‍💼 Personal manager

☎️ Trading by telephone

👨‍💻 PAMM accounts

📊 MAM accounts

📁 Segregated accounts

👔 Affiliate program

🕋 Islamic accounts available

🗺 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.

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Min Deposit

$100

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Max Leverage

1:500

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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

📱 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, Metals and Cryptocurrencies 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

Cryptocurrencies

Cryptocurrencies
1:5


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ 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, Metals and Cryptocurrencies 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

Cryptocurrencies

Cryptocurrencies
1:5

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

Arabic
Chinese
English
French
Indonesian
Italian
Malay
Portuguese
Russian
Spanish
Vietnamese

Office Support

Email Support

Call Support

Chat Support



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 , Metals and Cryptocurrencies . 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.


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.


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35 Reviews

Cecila Hannon
United States Aug 30 2022

Hai, I am fairly new in forex trading, so I don't really understand some basic knowledge about it. Here are some questions I have about FP Markets.

1. Why do FP Markets have two different types of pricing?

2. What is the difference between ECN and DMA pricing?

3. As a new trader, which one would bring me more benefits?

Thank you for answering my questions.

Chanda Pitts
South Africa Aug 30 2022

I know that FP Markets allows copy trading on their platforms but I just realize that they are also equipped with social trading as well. However, I do not understand the differences between social trading and copy trading in FP Markets. From what I saw, both allow the trader to copy a strategy. Are there any other differences I should know about? How do I apply to one?

Jayna Champion
Switzerland Aug 30 2022

From what I read on their official website, I understand that FP Markets offers metal trading. However, this option is not only limited to MetaTrader but is also available in the Iress platforms. I want to know what is the difference between Iress platforms and MetaTrader. What I'm most interested in are leverage differences and spreads differences. So, if there is any difference between these two I would like to know.

Marybelle Triplett
Malaysia Aug 30 2022

Some of my friends have been recommending FP Markets to me. They believe that FP Markets has one of the best conditions for indices trading. However, I want to know what kind of indices FP Markets grants me access to. Because I do not only trade US indices like most of my friends. So, I want to know if FP Markets have a wide variety of other indices.

Anika Gonsalves
Taiwan Aug 30 2022

Do FP Markets offer any type of affiliate programs or anything similar? If yes then what kind of program do they offer? I always think that an affiliate program is a considerably good way to gain passive income from trading (other than the trading itself). However, I understand that not all broker comes with an affiliate program.

Hallie Coyne
Argentina Jun 23 2022

I need some information about this broker since I am too nervous to talk to their customer service (plus it took an eternity to wait for their answer).

I am currently considering FP Markets for commodity trading but there are several considerations I must address. First of all, I wonder how much leverage can I get to trade this particular product.

FYI, I am particularly interested in energy and metals, so I hope they have it. Although I understand that those two are quite popular products.

Loyce Aranda
Switzerland Jun 23 2022

Sorry, but I have to give an honest review of this broker.

After using them for around 6-7 months, I finally conclude. Actually, this broker isn't really bad. But, I keep experiencing a huge lag on quotes which I experienced on my end. While this doesn't appear that often, this has caused me to lose some of my important trades. So I was pretty disappointed. They tell me that the lag happened because I was running two other live accounts from different brokers simultaneously. But isn't this what a lot of people did? Shouldn't they prepare for this?

Jayson Beaudoin
Taiwan Jun 23 2022

Do FP Markets provide a copy trading service? If yes do they allow clients to apply as a provider as well? If yes then it will be amazing. I am a trader with adequate experience in the market and I am looking for a way to get more profit besides trading. How much does FP Markets give the provider for their copy trading service?

Lewis Fulton
Germany Jun 23 2022

I have several questions regarding account funding in FP Markets:

1. Do you offer deposits and withdrawals through bank transfers?

2. What currencies do you accept for deposits and withdrawals from bank transfers?

3. If I transfer my deposit through a bank transfer, how long do I have to wait until the money arrives in my account?

4. Do you accept deposits and withdrawals using Bitcoin?

Kaycee Roden
Canada Jun 23 2022

When I checked on the FP Market's official websites, I saw that they offer ECN pricing and DMA pricing. As a new trader, I don't understand what are the differences between the two. Especially how they affected my prices or spreads. I also want to know which type of pricing applies to which trading account. As a side note, I am just barely started trading forex.