FP Markets Review- What are FP Markets?

Right from the start, FP Markets leaves a positive first impression, primarily because they are licensed by the Australian Securities and Investment Commission (ASIC).

Additionally, FP Markets is also licensed and regulated by Cyprus Securities and Exchange Commission (CySEC) allowing them to expand its services to more countries.

This is crucial because there is a laundry list of illegitimate scam brokers that do not have licenses from tier 1 regulatory bodies. FP Markets continues to impress with a long-standing history of positive reviews from clients and industry experts spanning its 14 years of operation.

Alongside the proof of legitimacy FP Markets goes above and beyond to create a quality trading environment for their clients.

With a large span of tradable assets and a healthy selection of account types, this broker sets its clients up for success from the get-go.

Clients can enjoy maximum leverage of 500:1 with this broker’s offshore entity (based in Saint Vincent and the Grenadines) with a reasonable minimum investment of $100.

Another green flag that adds to this broker’s legitimacy is the fact that deposit and withdrawal methods are varied but match up to one another almost 1 to 1. Clients are able to deposit their funds via:

• Visa
• MasterCard
• PayPal
• Bank/Wire Transfer
• Neteller
• Skrill

In all legitimate and traceable forms of payment, even if an issue should arise, a chargeback is possible for payments made via credit card.

FP Markets has also received a number of awards for their practices, most notably in 2019 they were awarded as the “Best Global Forex Value Broker” at the Global Forex Award event held in Cyprus.

We strongly suggest that you take the time to read this detailed review of authorized brokers like Flatex, FXTM Broker, and Pepperstone.

Pros: 

• The deposit and withdrawal methods are varied but matched to one another and provide clients with a safe method of transferring funds. 
• The broker is regulated by and in compliance with tier-one regulatory agencies ASIC and CySEC 
• Clients have access to multilingual customer support 24 hours a day 5 days a week 
• The maximum leverage offered by FP Markets is 500:1 and supports ECN
• The broker provides clients with a free demo account for new traders to get a feel for what trading with this broker is like. 
• Low Forex fees 

Cons:

• Their CFDs fees are a little high 
• They are not licensed by the FCA; therefore they do not offer their services in the UK 

FP Markets Regulation and Security- Are They Safe?

FP Markets is regulated and licensed by both ASIC and CySEC, meaning that they are in compliance with tier one regulation.

This is an important fact to be on the lookout for because it is a rock-solid indicator that the client’s investments are safe with this broker.

The purpose of regulatory bodies is to ensure that the broker has the client’s interests and rights in mind with the trading conditions that they offer.

Another clear indication of good practices is the use of industry-standard trading platforms like MetaTrader 4-5 and providing clients with a free demo account where they can get a feel for the platform before depositing their money. 

FP Markets Accounts Offered 

FP Markets offers their clients a number of different account options under two categories, those being MetaTrader Accounts and IRESS Accounts. This offering allows traders to find the right fit for them.

Metatrader Accounts

MT4-5 Standard 

• FP Market spreads start from 1.0 pips
• Maximum leverage is 500:1
• Minimum deposits start from 100 AUD or the equivalent in a different currency 
• $0 commission

MT4-5 Raw 

• A commission of $3.5
• Maximum leverage of 500:1 
• Minimum 100 AUD or your preferred currency deposit 
• FP Market spreads from 0.0 pips

IRESS Accounts

Standard:

• Equity CFD margin rates start from 3%
• Minimum 10 AUD with a 0.1% commission per lot
• Minimum 1000 AUD deposit 
• Base rate of 4%

Platinum:

• Equity CFD margin rates start from 3%
• Minimum 9 AUD with a 0.09% commission per lot
• Minimum 25 000 AUD deposit 
• Base rate of +3.5%

Premier: 

• Equity CFD margin rates start from 3%
• No minimum AUD with a 0.08% commission per lot
• Minimum 50 000 AUD deposit 
• Base rate of +3%

All in all, the accounts on offer from FP Markets are diverse enough that most traders can find a good fit for their trading needs.

A few key factors that clients should consider when choosing an account type are the amount of money they intend to start with and their trading strategy. 

FP Markets Deposits and Withdrawals Methods

Clients are able to deposit and withdraw funds using the safe methods provided by FP Markets. An added bonus is the diversity of payment methods afforded to clients, those being:  

• Visa 
• MasterCard 
• PayPal 
• Wire Transfer 
• Neteller 
• Skrill

The diversity of legitimate payment methods allows all traders to make their payments in the way that is most suitable to them. The FP Markets minimum deposit offered is 100 AUD or the equivalent in a different currency.

FP Markets Trading Platforms Available

FP Markets offers its traders a number of ways to place their trades via industry-standard trading platforms. Clients can trade through:

MetaTrader 4

MetaTrader 4 is an industry standard for a reason, that being the high-level encryption provided by the platform and the degree to which clients can customize the interface to suit their personal style of trading.

On top of this, the secure platform is accessible from all devices and even has WebTrader functionality. All in all this trading software is packed with enough features that even advanced traders can set it up in a way that works for them.

MetaTrader WebTrader

As mentioned earlier the MetaTrader WebTrader is identical in functionality to the base software allowing traders to make trades on the go from any device.

Iress ViewPoint

IRESS ViewPoint is a highlight of this trading platform, as the IRESS suite gives clients access to IRESS ViewPoint, IRESS Trader, and IRESS Investor for direct Market access trading.

This platform supports the vast majority of features and tools that are provided by MetaTrader allowing for a comfortable and familiar trading interface. 

Mobile Trading Platform

The mobile trading experience provided by FP Markets is smooth as they provide links for installing the MetaTrader 4-5 apps as well as links for the IRESS app.

These apps allow users the same functionality as the WebTrader versions of the software and the desktop versions. All of the familiar features and tools remain available even on mobile devices. 

Commissions and Spreads at FP Markets

Due to the 6 different account types provided by FP Markets, clients are able to choose between a variety of commission styles and spreads. 

The two MetaTrader 4-5 account types (Standard and Raw) offer a maximum leverage of 500:1 and trade with 0.1 pips and 0.0 pips respectively. 

As far as commissions are concerned, the Standard account has $0 in commission fees while the Raw account has a $3.5 commission. 

The three IRESS accounts (Standard, Platinum, and Premier) offer a variety of commission options tied to the account types. The Standard account charges clients a minimum of 10 AUD and 0.1%.

The Platinum account type has a commission of 9 AUD and 0.09% and the Premier account type has a 0 AUD minimum with a 0.08% commission. 

FP Markets Research and Education Provided

This broker provides a solid variety of educational resources for their traders. Mainly traders have access to: 

• Ebooks
• Articles
• Video tutorials 
• Demo account

These are all valuable ways even experienced traders can keep up to date with trading strategies and the tools that the broker provides. It is worth noting that a demo account is a valuable tool for those who are new to trading.

Customer Support at FP Markets

FP Market reviews consistently mention the quality of the customer support that this broker provides to its clients.

Multilingual support is offered to clients 24 hours a day, 5 days a week. The broker also provides clients with a number of ways to reach their customer support staff: 

• Telephone 
• Live chat
• Email

Customer support is available in the following languages: 

• English
• Chinese
• Thai
• German
• Portuguese
• Italian
• French

As well as a few others.

FAQs About FP Markets Broker?