FP Markets Broker Review

Is FP Markets a scam?

FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), which is one of the most reputable financial regulatory bodies globally. ASIC’s role is to ensure that financial markets in Australia are transparent, fair, and efficient, and to protect investors and consumers.

As a regulated broker, FP Markets is required to adhere to strict regulations, including the segregation of client funds, regular reporting to regulatory authorities, and compliance with anti-money laundering (AML) and Know Your Customer (KYC) procedures. This regulatory oversight helps ensure that FP Markets operates in a safe and secure manner.

In addition, FP Markets has implemented various security measures to protect its clients’ data and funds. This includes the use of SSL encryption to secure clients’ personal information and a two-factor authentication (2FA) system to protect against unauthorized access to clients’ accounts.

Overall, FP Markets is considered a safe and reputable broker, thanks to its regulatory oversight and its commitment to implementing robust security measures.

Best Forex Brokers Ranking

Rank	Broker	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness	Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets	Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM	Open XM account	30$	MT4, MT5	5$	-
4	XTB	Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS	Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

FP Markets Trading Platforms

FP Markets offers several trading platforms to its clients, including:

MetaTrader 4 (MT4): MT4 is a popular trading platform that provides access to a wide range of financial markets, including forex, stocks, commodities, and indices. It offers advanced charting tools, customizable indicators, and a variety of order types, including limit orders, stop-loss orders, and trailing stops.
MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers a similar range of features. However, it has additional functionality, including the ability to trade more markets, improved order management, and access to a wider range of technical indicators.
Iress: Iress is a web-based trading platform that provides advanced charting and analysis tools, news feeds, and real-time market data. It also offers a range of order types, including conditional orders and algorithmic trading.
Mobile Trading Apps: FP Markets also offers mobile trading apps for both iOS and Android devices, allowing clients to access their accounts and trade on-the-go.

Overall, FP Markets provides a range of trading platforms to suit the needs of different types of traders, from beginners to advanced traders. Clients can choose the platform that best suits their trading style and preferences.

Products FP Markets provides

FP Markets provides access to a wide range of financial products, including:

Forex: FP Markets offers a range of forex pairs for trading, including major, minor, and exotic currency pairs. The forex market is the largest financial market in the world and offers traders the opportunity to speculate on changes in exchange rates.
Shares: FP Markets provides access to shares traded on major global stock exchanges, including the Australian Securities Exchange (ASX), New York Stock Exchange (NYSE), and London Stock Exchange (LSE). Clients can trade shares of individual companies or invest in exchange-traded funds (ETFs) that track a basket of stocks.
Commodities: FP Markets offers trading in commodities, including precious metals like gold and silver, energy products like crude oil and natural gas, and agricultural products like wheat and soybeans.
Indices: FP Markets provides access to major global stock indices, such as the S&P 500, the NASDAQ, and the FTSE 100. Clients can trade indices via contracts for difference (CFDs), allowing them to speculate on the performance of an entire stock market index.
Cryptocurrencies: FP Markets also offers trading in cryptocurrencies, including Bitcoin, Ethereum, and Ripple. Cryptocurrencies are a relatively new asset class that has gained popularity in recent years.

Overall, FP Markets provides a diverse range of financial products, allowing clients to build a well-diversified portfolio and take advantage of opportunities in different markets.

FP Markets account types

FP Markets offers several account types to its clients, including:

Standard Account: The standard account is a commission-free account that provides access to all financial products offered by FP Markets. This account type requires a minimum deposit of $100.
Raw Account: The raw account is an ECN (Electronic Communication Network) account that offers spreads starting from 0.0 pips and a commission of $3 per lot traded. This account type is designed for active traders and requires a minimum deposit of $100.
Islamic Account: FP Markets offers an Islamic account that complies with Sharia law and is swap-free. This account type is available to clients who follow the Islamic faith and requires a minimum deposit of $100.
Demo Account: FP Markets also provides a demo account that allows clients to practice trading with virtual funds in a risk-free environment. The demo account is available for all account types and is an excellent way to test trading strategies and familiarize oneself with the trading platforms.

Overall, FP Markets provides a range of account types that cater to different trading styles and preferences. Clients can choose the account type that best suits their needs and start trading with FP Markets.

FP Markets trading fees

FP Markets offers competitive trading fees and commissions, which vary depending on the account type and the financial product traded. Here is an overview of the trading fees charged by FP Markets:

Forex: Forex trading fees are charged via spreads, which are the difference between the bid and ask price. The standard account offers spreads starting from 1.0 pip, while the raw account provides spreads starting from 0.0 pips and a commission of $3 per lot traded.
Shares: Trading fees for shares are charged via a commission, which varies depending on the exchange and the share traded. For example, trading shares on the ASX incurs a commission of 0.08%, while trading shares on the NYSE incurs a commission of $0.02 per share.
Commodities: Trading fees for commodities are charged via spreads, which vary depending on the commodity traded. For example, trading gold on the standard account incurs a spread of 0.3 pips, while trading crude oil on the raw account incurs a spread of 0.0 pips and a commission of $3 per lot traded.
Indices: Trading fees for indices are charged via spreads, which vary depending on the index traded. For example, trading the S&P 500 on the standard account incurs a spread of 0.4 pips, while trading the FTSE 100 on the raw account incurs a spread of 0.0 pips and a commission of $3 per lot traded.
Cryptocurrencies: Trading fees for cryptocurrencies are charged via spreads, which vary depending on the cryptocurrency traded. For example, trading Bitcoin on the standard account incurs a spread of 35 pips, while trading Ethereum on the raw account incurs a spread of 1.0 pips and a commission of $3 per lot traded.

Overall, FP Markets offers competitive trading fees and commissions, with spreads starting from 0.0 pips on the raw account and commissions as low as $0.02 per share traded.

FP Markets Funding and Withdrawal Options

FP Markets offers a variety of funding and withdrawal options for clients to choose from. Here is an overview of the available options, fees, and processing times:

Deposit Options:

Credit/debit cards: FP Markets accepts Visa and Mastercard for deposits. The minimum deposit is $100, and the maximum deposit is $10,000 per transaction. Deposits made via credit/debit cards are processed instantly, and there are no fees charged by FP Markets.
Bank wire transfer: Clients can fund their accounts via bank wire transfer. The minimum deposit is $100, and there is no maximum deposit limit. Deposits made via bank wire transfer can take between 3-5 business days to process, and there are no fees charged by FP Markets.
Online payment systems: FP Markets supports a range of online payment systems, including Neteller, Skrill, POLi, and BPay. The minimum deposit is $100, and the maximum deposit varies depending on the payment system used. Deposits made via online payment systems are processed instantly, and there are no fees charged by FP Markets.

Withdrawal Options:

Credit/debit cards: Withdrawals can be made to Visa and Mastercard, and the processing time is 1-3 business days. There are no fees charged by FP Markets for credit/debit card withdrawals.
Bank wire transfer: Clients can withdraw funds via bank wire transfer. The processing time is 3-5 business days, and there is a $20 fee charged by FP Markets for each withdrawal.
Online payment systems: Withdrawals can be made to online payment systems, including Neteller, Skrill, and POLi. The processing time is 1-3 business days, and there are no fees charged by FP Markets for online payment system withdrawals.

Overall, FP Markets provides a range of funding and withdrawal options, with instant processing times for most deposit methods and a reasonable processing time for withdrawals. Clients should note that there are fees charged for some withdrawal methods, and the maximum deposit limit varies depending on the payment method used.

FP Markets’ promotions

FP Markets offers various promotions and bonuses to its clients from time to time. Here are some examples of the promotions offered by FP Markets:

Welcome Bonus: FP Markets offers a welcome bonus of up to $30 USD for new clients who open and verify their trading account. The bonus can be used for trading and is subject to certain terms and conditions.
Loyalty Program: FP Markets has a loyalty program that rewards clients for their trading activity. Clients earn points for every lot traded, and these points can be redeemed for cash or other rewards.
Refer a Friend: FP Markets offers a refer-a-friend program that rewards clients who refer their friends to the platform. The referring client can earn up to $500 for each successful referral.
Trading Contests: FP Markets holds regular trading contests for its clients, with prizes ranging from cash rewards to luxury goods. These contests are a fun way to test trading strategies and compete with other traders.

It’s important to note that promotions and bonuses are subject to terms and conditions, and clients should read the terms carefully before participating. Clients should also be aware that some promotions may not be available in all regions or countries. Overall, FP Markets provides various promotions and bonuses to its clients, which can add value to their trading experience.

FP Markets customer support

FP Markets provides customer support through various channels, including phone, email, and live chat. Here’s a breakdown of the different customer support options available:

Phone Support: FP Markets provides phone support to its clients 24/5. Clients can call the relevant support number based on their location, and they will be assisted by a representative who can help them with their inquiries.
Email Support: Clients can send an email to FP Markets support team and expect a response within 24 hours. The email support is available in multiple languages.
Live Chat: FP Markets offers live chat support, which is available 24/5. Clients can get in touch with a representative through the live chat feature on the FP Markets website or on the trading platform.

Overall, FP Markets offers a range of customer support options to its clients. The support is available in multiple languages, and the representatives are knowledgeable and responsive. Clients can choose the support option that best suits their needs and preferences.

FP Markets Educational Resources

FP Markets provides a range of educational resources for its clients to help them develop their trading skills and knowledge. Here are some of the educational resources available on the FP Markets website:

Trading Guides: FP Markets offers a range of trading guides covering various topics such as technical analysis, fundamental analysis, and risk management. These guides are suitable for traders of all levels, from beginners to advanced traders.
Video Tutorials: FP Markets has a collection of video tutorials that cover various aspects of trading, including platform tutorials, trading strategies, and risk management techniques.
Webinars: FP Markets hosts regular webinars featuring industry experts and experienced traders. These webinars cover a range of topics, from market analysis to trading psychology.
Trading Tools: FP Markets offers a range of trading tools, including economic calendars, trading calculators, and trading signals. These tools can help traders make more informed trading decisions.
Market News and Analysis: FP Markets provides daily market news and analysis, covering major economic events and market movements. This information can help traders stay up-to-date with market developments and make informed trading decisions.

Overall, FP Markets provides a comprehensive range of educational resources for its clients, which can be accessed for free on the company’s website. These resources can help traders develop their skills and knowledge and make more informed trading decisions.

Pros and cons of FP Markets

Pros of FP Markets:

Regulation: FP Markets is regulated by top-tier regulatory bodies, including ASIC and CySEC, which provides clients with a high level of protection.
Range of products: FP Markets offers a wide range of trading products, including forex, shares, indices, commodities, and cryptocurrencies.
Competitive fees: FP Markets offers competitive trading fees, with tight spreads and low commissions.
Multiple trading platforms: FP Markets supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and IRESS.
Educational resources: FP Markets provides a comprehensive range of educational resources, including trading guides, video tutorials, webinars, and market news and analysis.

Cons of FP Markets:

Limited account types: FP Markets offers only two account types, which may not be suitable for all traders.
Inactivity fees: FP Markets charges an inactivity fee of $10 per month if the trading account is inactive for more than six months.
Limited customer support: FP Markets offers customer support via phone, email, and live chat, but it may not be available 24/7.
Limited research tools: While FP Markets offers market news and analysis, the research tools provided are limited compared to some other brokers.

Overall, FP Markets is a reputable broker that offers a range of products, competitive fees, and multiple trading platforms. However, there are some limitations to consider, such as the limited account types, inactivity fees, and customer support availability.

Frequently asked questions about FP Markets

Is FP Markets a regulated broker?

Yes, FP Markets is regulated by top-tier regulatory bodies, including ASIC and CySEC. This provides clients with a high level of protection.

What products can I trade on FP Markets?

FP Markets offers a wide range of trading products, including forex, shares, indices, commodities, and cryptocurrencies.

What trading platforms does FP Markets support?

FP Markets supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and IRESS.

What are the fees for trading on FP Markets?

FP Markets offers competitive trading fees, with tight spreads and low commissions. The exact fees depend on the trading product and account type.

How can I fund my FP Markets trading account?

FP Markets offers various funding options, including bank transfer, credit/debit cards, and electronic payment systems. The fees and processing time may vary depending on the payment method.

What educational resources are available on FP Markets?

FP Markets provides a comprehensive range of educational resources, including trading guides, video tutorials, webinars, and market news and analysis.

How can I contact customer support at FP Markets?

FP Markets offers customer support via phone, email, and live chat. However, it may not be available 24/7.

What are the account types available on FP Markets?

FP Markets offers two account types, the Standard account and the Raw account. The exact features and fees depend on the account type.

These are just some of the frequently asked questions about FP Markets. If you have any additional questions or concerns, it is best to check with FP Markets directly or consult with a financial professional.

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