FP Markets

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Popularity popular broker
Leverage Up to 500:1
Minimum Deposit $100
Regulation ASIC, CySEC
Payment Methods Visa, MasterCard, Bank Wire, PayPal, Neteller, Skrill
Trading Assets Forex, Indices, Commodities, Cryptocurrencies, Stocks
MT4
MT5
Spreads Low
Average cost: EUR/USD 1.0 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10 per month after 1 year of inactivity
Year Established 2005
Address Level 5, Exchange House 10 Bridge St. Sydney NSW 2000, Australia
Contact Information Email: [email protected], Phone: +61 2 8252 6800
Mobile Trading APP
Rating ★★★★☆ 4.5
Website

Pros and Cons

Pros
  • Wide range of trading instruments
  • Low spreads and competitive trading conditions
  • Regulated by the ASIC and CySEC, ensuring high standards of security and transparency
  • Access to both MT4 and MT5 platforms
  • Advanced trading tools and resources available
Cons
  • Limited educational resources for beginners
  • ZuluTrade platform not supported
  • Inactivity fee after 1 year of non-use
  • No 24/7 customer support
  • Complex website navigation for new users

Introduction

In the dynamic world of online trading, choosing the right broker is pivotal to navigating the financial markets successfully.

FP Markets stands out as a premier choice for traders globally, offering a blend of advanced technology, diverse trading instruments, and client-centric services.

This comprehensive review delves into its intricate details and offers, examining its platforms, account types, trading instruments, customer support, and more, to provide you with an informed perspective.

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Company Overview

FP Markets at a Glance

  • Founded: 2005
  • Regulations: ASIC, CySEC
  • Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies, Stocks
  • Platforms: MetaTrader 4, MetaTrader 5, IRESS
  • Minimum Deposit: $100
  • Leverage: Up to 500:1

FP Markets is an Australian-based broker that has been bridging the gap between retail clients and the financial markets with transparency and fairness.

Recognized for its impeccable execution speed and advanced trading tools, FP Markets provides a robust trading environment for both novice and experienced traders.

With a strong regulatory framework under ASIC and CySEC, it ensures high standards of safety and security for its clients’ funds.

Trading Platforms and Tools

FP Markets offers a comprehensive suite of trading platforms to cater to the varied needs of its clientele.

Below, we explore the features and functionalities of each platform.

MetaTrader 4 (MT4)

  • Accessibility: Desktop, WebTrader, Mobile (iOS and Android)
  • Features: Customizable charts, 30+ technical indicators, Expert Advisors (EA), one-click trading
  • Suitable for: All levels of traders, especially those who prefer automated trading

MetaTrader 5 (MT5)

  • Accessibility: Desktop, WebTrader, Mobile (iOS and Android)
  • Features: 38+ technical indicators, 44 analytical objects, economic calendar, depth of market, more timeframes and chart types
  • Suitable for: Advanced traders looking for enhanced functionalities and analytical tools

IRESS

  • Accessibility: Desktop, Web-based
  • Features: Direct Market Access (DMA), advanced charting tools, real-time price streaming, comprehensive market depth
  • Suitable for: Professional traders and those trading CFDs on stocks

Trading Tools

  • Autochartist: A powerful market scanner tool available for free that helps identify trading opportunities through automated technical analysis.
  • VPS Hosting: Offers Virtual Private Server (VPS) hosting to facilitate uninterrupted trading, crucial for those using EAs.
  • MAM/PAMM Accounts: Designed for money managers, these accounts allow the management of multiple accounts from a single master account.

Account Types

FP Markets caters to a wide range of traders by offering various account types, each tailored to different trading styles and needs.

Standard Account

  • Platform: MT4/MT5
  • Spreads: From 1.0 pips
  • Commission: No commission
  • Minimum Deposit: $100
  • Leverage: Up to 500:1

Raw Account

  • Platform: MT4/MT5
  • Spreads: From 0.0 pips
  • Commission: $3 per lot per side
  • Minimum Deposit: $100
  • Leverage: Up to 500:1

IRESS Account

  • Platform: IRESS
  • Spreads: DMA pricing
  • Commission: Based on the platform tier
  • Minimum Deposit: $1,000
  • Leverage: Up to 500:1 for Forex

Each account type is designed to match the trader’s preference for platform choice, cost structure, and access to different financial instruments.

The Standard and Raw accounts on MT4/MT5 are ideal for Forex and CFD traders, while the IRESS account is specifically tailored for trading equities and offers Direct Market Access (DMA).

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Trading Instruments

The broker offers an extensive array of trading instruments, ensuring traders have access to a wide variety of markets.

Below is an overview of the key categories:

  • Forex: Access to over 67 currency pairs, including majors, minors, and exotics, with competitive spreads and leverage up to 500:1.
  • Indices: Trade on leading global indices such as the S&P 500, DAX 30, and FTSE 100 with no commission and tight spreads.
  • Commodities: Offers trading on a range of commodities, including gold, silver, oil, and natural gas, with flexible leverage options.
  • Stocks: Trade shares from leading exchanges like the NYSE, NASDAQ, and ASX with real-time execution and no requotes.
  • Cryptocurrencies: Available 24/7, offering trading on popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple against USD and AUD.

This diverse selection caters to the interests and risk profiles of a broad audience, from those looking to trade traditional markets like forex and commodities to those interested in the dynamic world of cryptocurrencies.

Customer Service

  • Availability: 24/5
  • Channels: Live chat, email, phone
  • Languages: Multilingual support

FP Markets places a strong emphasis on customer satisfaction, providing comprehensive support through various channels.

Its customer service team is knowledgeable and responsive, ready to assist with any queries or issues traders might encounter.

The broker’s dedication to offering exceptional support is evident in its prompt and informative communication.

Educational Resources

Education is at the heart of the company’s value proposition, particularly for new traders.

The broker offers a wealth of resources designed to enhance trading knowledge and skills:

  • Webinars: Regular live webinars covering various trading topics, from beginner concepts to advanced strategies.
  • E-books: A collection of e-books and guides that cover the fundamentals of trading, technical analysis, and risk management.
  • Video Tutorials: An extensive library of video tutorials on using trading platforms, analyzing markets, and implementing trading strategies.
  • Trading Glossary: A comprehensive glossary of trading terms and definitions, essential for newcomers to familiarize themselves with trading jargon.

These educational materials are not only beneficial for beginners but also for experienced traders looking to refine their strategies and deepen their market knowledge.

Additional Features

Research Tools and Market Analysis

FP Markets provides traders with cutting-edge research tools and up-to-date market analysis to inform their trading decisions:

  • Market Analysis: Daily market reports and analysis from experienced analysts, covering forex, commodities, and indices.
  • Economic Calendar: Keeps traders abreast of important economic events and indicators that could impact the markets.
  • Trading Central: A third-party research tool offering technical analysis, market insights, and trader education.

Safety and Regulation

Security of funds is paramount, and the broker excels in this area through stringent regulatory compliance and robust security measures:

  • Regulation: Licensed by ASIC (Australia) and CySEC (Cyprus), ensuring adherence to strict financial standards and practices.
  • Segregation of Funds: Client funds are held in segregated accounts with top-tier banks, separate from the company’s funds.
  • Negative Balance Protection: Ensures clients cannot lose more than their account balance, providing an added layer of financial security.

Account Funding

The broker supports a wide array of convenient deposit and withdrawal methods:

  • Methods: Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill, and more.
  • Currencies: Accepts multiple currencies, reducing the need for currency conversion.
  • Speed: Fast processing of deposits and withdrawals, ensuring traders can manage their funds efficiently.

Conclusion

This broker stands out as a broker that genuinely caters to the needs of its clients, from the breadth of its trading instruments and platforms to its exceptional customer service and educational resources.

With robust regulatory oversight, competitive trading conditions, and a commitment to transparency and fairness, FP Markets is a compelling choice for traders at all levels of experience.

Whether you’re just starting out or looking for advanced trading capabilities, FP Markets provides a comprehensive trading environment designed to support your trading journey.

This review has explored the key facets of the company, highlighting the features that contribute to its reputation as a trusted broker in the global financial markets.

With its client-focused approach and continuous innovation, FP Markets is well-positioned to meet the evolving needs of modern traders.

Visit official website www.fpmarkets.com

User Reviews

“I’ve been trading with FP Markets for over a year, and I’m thoroughly impressed by the trading conditions and the low spreads. The platform is robust and offers plenty of tools for analysis. Customer service has been helpful whenever I have questions. However, I wish they had more learning materials for beginners.”
Emily Johnson
“FP Markets offers a great trading experience with their wide range of assets and advanced platforms. The execution speed is fantastic, and I’ve noticed minimal slippage. My only gripe is the inactivity fee, but it’s a small price to pay for such a reliable broker.”
Mark Thompson
“As a beginner, I found the platform a bit overwhelming, but their customer support team was incredibly patient and guided me through the learning curve. I appreciate the transparent pricing and the security of trading with a regulated broker.”
Sarah Kim
“The mobile app makes trading on the go seamless and efficient. I’ve been able to manage my trades and monitor the markets easily from anywhere. FP Markets has truly made forex trading accessible for me.”
Alex Petrov
“I love the low spreads and the access to MT4 and MT5. The ability to use EAs has significantly improved my trading strategy. The only downside is the lack of 24/7 support, which would be helpful given the global nature of forex trading.”
Linda Nguyen

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Frequently Asked Questions (FAQ)

What is the minimum deposit required to open an account?

The minimum deposit required to open an account is $100. This allows traders to start trading with a relatively low initial investment.

Does FP Markets offer a demo account?

Yes, it offers a free demo account for beginners to practice trading strategies without risking real money. It's an excellent way for traders to familiarize themselves with the trading platforms.

Is it regulated?

Yes, FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a high level of transparency and security for traders.

Can I trade cryptocurrencies?

Yes, FP Markets offers cryptocurrency trading alongside traditional assets like forex, indices, and commodities. Traders can diversify their portfolio by trading popular cryptocurrencies.

How can I contact their customer support?

Its customer support can be reached via email at [email protected] or by phone at +61 2 8252 6800. They offer support in multiple languages to cater to a global clientele.

Are there any fees for depositing or withdrawing funds?

FP Markets does not charge any fees for deposits. However, withdrawals may incur fees depending on the payment method used. It's recommended to check their website or contact customer support for detailed information on withdrawal fees.

What platforms can I use?

Traders at FP Markets have access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular and powerful trading platforms available in the market. These platforms offer advanced charting tools, automated trading capabilities, and access to a wide range of markets.

Resources

      Our experts

      This article has been written, edited, and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 5, 2024