Forge a thriving trading career with the top-notch FP Markets, experience ingenious trading platforms as well as (60+ pairs, 10,000+ stocks, 19 indices & 5 major digital currencies) along with faster execution, tight spreads and exciting trading bonuses. Catch the complete FP Markets review now.
Regulated by ASIC, AFS, CySEC , SVGFSA
FP Markets which is mainly based on Australian residence was formed back in 2005. Since then, FP is consistently dropping an ample range of trading possibilities to stay ahead in the competition.
Not only that, FP is considered to be a "safe haven" for market traders. Why?
The brokerage is regulated by both ASIC (Australian Securities and Investments Commission) and CySEC (Cyprus Securities and Exchange Commission). Therefore, the traders get a safe trading environment with FP.
Despite everything, FP is among the most awarded brokerage companies ever existed.
As a result, they've 40+ industry awards in their name. Also, the broker renders a HUGE range of trading accessories (over 13,000) including forex, CFD, Commodities, Indices, Cryptocurrencies, etc.
Now, it's time for a step-by-step breakdown of the services offered by FP, Let's get started then.
Bank Wire, VISA, MasterCard, BPAY, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, Poli, Skrill, Transfer from Existing Broker, UnionPay
VISA, MasterCard, FasaPay, Neteller, Ngan Luong, PayPal, PayTrust88, Skrill
FP Markets believes in diversity and therefore they are currently providing variable trading accounts to their clients. The trading accounts are divided into three specific segments and which simply goes like this:
Go ahead and choose your GO-TO one!
Note: FP Markets will grant you access to choose between the General and the ECN trading accounts from the trading platforms sections.
Too much hassle-free, wouldn't you agree?
So, just to make sure the general account types are specially formed keeping in mind the beginner traders and the minimum deposit amount for the general account is 100$ or equivalent. Besides that, the maximum leverage is 1:500 and the commission per withdrawal is only 3$( only for the Raw accounts ).
After the general trading accounts, the IRESS, and the Share trading accounts provided by FP Markets comes to light.
Then the IRESS accounts are split into platinum and the premier trading accounts and which were individually made keeping in mind the professional traders
And as for the minimum deposit, the mathematical amount is 25,000$ and 50,000$ for the premier trading accounts.
Moreover, the minimum amount of commission is 10$ per lot with an additional cost of 0.1% of the standard accounts.
As well as for the platinum accounts, the min amount is 9$ with an additional cost of 0.09%.
Moving on, If you're wondering about the margin requirements for CFD and Equity then you should know that it starts from 3$ for all three of the trading accounts.
Last but not least, as of the spreads of FP, well you should know that it can get as low as 0.1 pips and which obviously depends on liquidity.
Note: For all Muslims across the globe, FP Markets also provide Islamic swap-free options along with the availability of MAM and PAMM accounts.
FP Markets was fabricated to provide more and new trading opportunities for the retail market traders.
As FP believes there should be something for everybody and just to make sure that happens they provide an ultra-wide range of trading assets.
And that's not the BEST case scenario either!
FP is now providing a better version of CFDs which is indeed a breakthrough in the online trading sphere. Besides, you're looking for their tradable assets? Here are the deets...
Forex: You'll be given access to 60+ currency pairs ( majors, minors, and exotics).
Commodities: You'll be eligible to trade on commodities including Brent Crude Oil.
Metal: Trade on precious metals on the spot market.
Indices: You'll be given access to over 12 international indices and which obviously includes FTSE 100 and NASDAQ
Gold: You’ll be given access to trade XAU with any currency pairs.
Crypto: You'll be able to trade on BTC, ETH, LTC, XRP, and more!
CFDs: Over 10,000 CFDs are available across 4 major regions of the world..... and much more!
As for the regulated status, FP Market is seemingly considered pretty solid along with secure brokerage among the brokers that are currently operating. The Australian top-notch brokerage First Prudential Markets is regulated by:
And..... that's not even it!
FP is observed by BDO Australia and is known as an external Australian independent auditor.
Besides, the client funds are also consistently monitored through top-rated banks such as the National Australia Bank or Commonwealth Bank of Australia.
So, you get the idea
"With the help of the latest and innovative trading tools, trading is supposed to be easy". At least that's what FP believes and they've tried their heart and soul to execute it.
As a result, they are now providing all the latest trading platforms which were made from cutting-edge technology. Here are the trading platforms, at a glance:
MetaTrader 4 ( Both desktop and mobile )
The MT4 is the most powerful and reliable trading platform of all time besides it has its own trader's fanbase. As the platforms offer 50+ indicators, 9 timeframes, EA access, and more!
Here are the key features of MT4:
MetaTrader 5 ( Both desktop and mobile )
Compared to MT4, the MT5 is more of an innovative and smart trading platform and which is no doubt is the ULTIMATE successor of the HUGELY famous MT4.
The MT5 offers features like one-click trading, 80+ pre-installed indicators, 21 timeframes, and much more!
Here are the key features of MT5:
The web trader can be referred to as a hassle-free solution for a lot of retail market traders as it doesn't require any installation process.
All you need is an internet connection and you'll be eligible to trade on the web trading platform.
A little fancy, right?
First of all, the IRESS platforms get divided into 3 individual segments including IRESS Viewpoint, IRESS Trader, and IRESS Investor. It is known as a DMA (Direct Market Access) execution process.
Besides, the IRESS Viewpoint is the updated version compared to the other two IRESS platforms. The IRESS platforms offer technical indicators along with momentum, trend, and volatility indicators(MACD, RSI, and BB).
Mobile trading is becoming handier and handier as the days are passing and the main reason behind it is probably our addiction to mobile devices.
Trust me, we all can agree to that!
As a result, FP is also giving access to MT4, MT5, and IRESS platforms on mobile trading for market traders so that they can get an innovative and smart trading experience.
Besides, as per the interface, it is quite similar to the web version of the trading platforms and can be customized according to the trading individuals. Also, mobile trading contains a multi-language option.
This is indeed a great initiative by FP
FP Markets is a HUGELY regulated broker and despite that fact, they are not currently providing any sort of Forex bonuses.
Though Forex bonuses are one of the BEST ways to attract new traders and give them the opportunity to trade in the Foreign exchange market.
So, if you're looking for bonuses from FP Markets, sorry to disappoint you but you won't be getting any.
With the help of the latest tech-based solutions, deposits and Withdrawals have become even easier than before.
And FP Markets also ensures an easy understanding along with a more secure deposit and withdrawals procedure.
FP offers several transaction methods including, Debit-credit cards, BPay, Neteller, PayPal, Skrill, PayTrust, FasaPay, Ngan Luong, Broker to Broker, and much more!
Note: While depositing, FP Markets requires a minimum amount of 50$ to a maximum amount of over 10,000$ for the globally made deposits.
And, as for withdrawals, you can withdraw your capital from FP within a day or sometimes it requires more than 1 day.
Moving on, FP charges fees on withdrawal such as 10$ for bank wire, $18 for Online Pay, 1,000 VND + 1% for Ngan Luong, 2% on both Netteler and PayPal, 0.5% on FasaPay, 1.5% on PayTrust. Besides, the card payments are free.
Customer support is one of the most essential aspects that complete a brokerage after all it's the place where the traders interact directly.
Keeping that in mind, FP has created a solid customer support system to back the traders up.
Except for that, you'll be getting a multi-language service from FP. To be specific you'll be getting English, Arabic, German, Greek, Indonesian, Malaysian, Portuguese, Russian, French, Spanish, Italian, Vietnamese, and Thai.
You can contact them 24/7 via:
Thinking about all the traders, FP has put together several education resources in one particular place so that the traders can learn every required factor about the Foreign exchange market.
They are providing:
Besides, if you're unable to find those then go to the 'Resources' toolbar's 'Education' and you'll see everything is listed there.
Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
FPMarkets do not charge any deposit fees, with the exception of international bank transfers. You can see all the fees here: https://www.fpmarkets.com/int/funding/deposit-funds/
MT5 is the successor of the MT4 platform and has far superior functions and technology to MT4. Although MT4 is more popular at the moment (due to the length of time available on the market), eventually MT5 will completely replace it.
The minimum deposit to open an account from FPMarkets is AUD100 or equivalent for all types of MT4 and MT5 accounts.
Yes, all pricing on the MT4 and MT5 platforms is live with no delays.
Please login to your Client Area, on the left side of the screen click on “Funding”, choose “Deposit”, select the trading account to which you wish to deposit, and click “Submit”.
The main reason why CFD trading is not available to US traders is that it is against US securities law. Over-the-counter financial instruments, such as CFDs, are heavily regulated through legislation like the Dodd-Frank Act and enforced by the SEC (Securities and Exchange Commission).
FPMarkets offers a number of assets to trade with, including:
FPMarkets was founded in 2005 and it is an Australian CFD and forex broker. It's regulated by the Australian ASIC and the Cypriot CySEC. FPMarkets is considered safe because it has a long track record and is regulated by the top-tier ASIC.
Among all the trading platforms available, FP Market seems to be the most realistic. Several elements, however, I feel should be enhanced.
Withdrawal and deposit are unrestricted inflows. This broker is my favorite.
FP Market offers the most incredible deals on the market. It's unique as well as smooth. It's my current favorite.
FP Market is a great Forex and CFD broker with cheap commissions. At FP Markets, forex and CFD traders will find a flexible and economical meta trader.