FP Markets Review 2024

What is FP Markets?

FP Markets is a globally recognized and regulated Forex and Contracts for Differences (CFD) broker. Established and regulated since 2005, FP Markets has been awarded as the #1 Value Global Forex Broker on multiple occasions. FP Markets offers trading in a wide range of financial products. These include Forex, with over 60+ currency pairs on MT4. , Shares from more than 10,000 stocks on global exchanges. , Indices of 19 major global indices. , Commodities like coffee, natural gas, corn & more. , Bonds such as US10YR & UK Long Gilt Futures GILT. , and Metals like gold, oil, silver & more. The company prides itself on delivering an exceptional trading experience. This is achieved through competitive brokerage fees, tight spreads, lightning-fast execution, access to advanced trading platforms, and exceptional customer service. FP Markets provides access to MetaTrader 4 (MT4) & MetaTrader 5 (MT5), IRESS, and WebTrader & mobile apps for iPhone and Android devices. These platforms offer advanced client portals to track your trading in real-time and superior Virtual Private Servers (VPS) solutions for Expert Advisors (EAs), scalping, and auto-trading. In addition, FP Markets offers a Copy Trading feature, allowing users to follow and copy top-performing traders. This feature is available for Forex, Shares, Indices, Commodities, Metals, and Bonds. FP Markets is regulated by some of the most stringent international regulations of the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). This means that Forex traders can trust FP Markets to adhere to these regulations, providing a secure and reliable trading environment. In summary, FP Markets is a trusted and reliable Forex broker that offers a wide range of financial products, advanced trading platforms, and exceptional customer service. It is a preferred choice for many Forex traders worldwide.

What is the Review Rating of FP Markets?

What are the Pros of FP Markets?

FP Markets is a well-regarded Australian CFD and forex broker that offers several advantages:. Regulation: FP Markets is regulated by the top-tier Australian regulator ASIC. , providing traders with confidence in their operations. Low Forex Fees: The broker offers competitive low forex fees. , which can significantly impact a trader’s bottom line. Easy and Fast Account Opening: The process of opening an account and depositing funds is straightforward and quick. , allowing traders to start trading in a short time. Educational Tools: FP Markets provides several excellent educational tools, such as demo accounts and e-books. , which can be particularly beneficial for novice traders. Product Portfolio: While the product lineup at FP Markets is limited to forex, CFDs, and cryptocurrencies. , the broker provides a great variety with over 10,000 CFD products. Trading Platforms: Traders have access to popular and powerful trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS. These platforms offer robust charting tools, algorithmic trading through Expert Advisors (EAs), advanced charting, additional timeframes, and enhanced technical analysis tools. . However, it’s worth noting that FP Markets has a few areas that could be improved. The web and desktop trading platforms have an outdated design. , and the quality of research tools is uneven. Also, the product portfolio is limited. , which might disappoint investors looking for a wide range of investment options. Overall, FP Markets is a solid choice for forex and CFD trading, offering low fees, a range of educational tools, and access to popular trading platforms.

What are the Cons of FP Markets?

Here are some of the cons of FP Markets:. Limited Product Portfolio: FP Markets offers a range of products including forex, CFDs, and cryptocurrencies. However, it does not offer funds, bonds, options, and futures. This could be a disadvantage for investors looking for a wide product portfolio. Outdated Web and Desktop Platform: The MetaTrader 4’s web and desktop trading platforms provided by FP Markets have an outdated design. This could potentially affect the user experience. Lower-Quality Research Tools: The quality of research tools provided by FP Markets is uneven, especially when it comes to fundamental data, news, or charting. This could be a disadvantage for traders who rely heavily on these tools for their trading decisions. High Fee for International Bank Withdrawals: While FP Markets has low forex and non-trading fees and charges no inactivity fee, it does charge a high fee for international bank withdrawals. This could be a disadvantage for traders who frequently need to make international bank withdrawals. Limited Educational Resources: FP Markets provides several excellent educational tools, such as demo accounts and e-books. However, compared to some other brokers, its educational resources are limited. This could be a disadvantage for new traders who are looking for comprehensive learning materials. Sparse Customer Support: FP Markets’ customer support has been reported to have slower response times. This could be a disadvantage for traders who require immediate assistance. High Leverage Risk: FP Markets offers high leverage, which can be risky for traders who are not experienced in managing leveraged positions. Inactivity Fee for Dormant Accounts: While FP Markets does not charge an inactivity fee, it does charge a fee for dormant accounts. This could be a disadvantage for traders who do not trade frequently. Please note that while FP Markets has these cons, it also has several pros such as low forex fees, easy and fast account opening and funding, and great education tools. It is important for traders to consider both the pros and cons before choosing a forex broker.

What are the FP Markets Current Promos?

FP Markets, a globally recognized and regulated Forex and CFD trading provider, offers a variety of trading opportunities. They have been awarded as the #1 Value Global Forex Broker on multiple occasions. They offer trading on more than 60+ currency pairs on MT4, more than 10,000 stocks on global exchanges, 19 major global indices, and various commodities, bonds, and metals. Their customers rate them as excellent, with a score of 4.9 out of 5 based on 5,585 reviews. FP Markets provides advanced trading platforms including MetaTrader 4 (MT4) & MetaTrader 5 (MT5), IRESS, and WebTrader & mobile apps for iPhone and Android devices. They also offer superior Virtual Private Servers (VPS) solutions for Expert Advisors (EAs), scalping, and auto-trading. One of their unique offerings is Copy Trading, where you can follow and copy top-performing traders. This allows traders to benefit from the strategies of experienced traders without developing their own trading plan. FP Markets has been recognized for its outstanding trading solutions, receiving the Best Forex Trading Tools 2023 award from FXScouts. They have also been crowned ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the prestigious Ultimate Fintech Awards APAC 2023. However, it’s important to note that FP Markets does not offer any type of welcome bonus or additional promotions to its new and existing customers due to the bonus restrictions imposed by the broker’s regulators, ASIC and CySEC.

What are the FP Markets Highlights?

FP Markets Highlights are the features and benefits that make FP Markets a leading forex and CFD broker in the global market. Here are some of the highlights of FP Markets:. Regulated by multiple authorities: FP Markets is regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). This means that FP Markets must adhere to some of the most stringent international regulations and provide segregated client funds, transparent pricing, and fair trading practices. Low spreads and commissions: FP Markets offers competitive brokerage fees through tight spreads, ensuring lightning-fast execution, access to advanced trading platforms with a wide range of products, and exceptional customer service. Traders can consistently trade from 0.0 pips on major currency pairs such as the EUR/USD, USD/JPY and GBP/USD. Diversified trading instruments: FP Markets provides access to global markets 24 hours / 5 day with more than 10,000 stocks on global exchanges, 19 major global indices, 60+ currency pairs on MT4, US10YR & UK Long Gilt Futures, Gold, oil, silver & more. Traders can also trade CFDs across forex, equities, indices, commodities, futures and cryptocurrencies all from a single account. Advanced trading platforms: FP Markets supports MetaTrader 4 (MT4) & MetaTrader 5 (MT5), IRESS and WebTrader & mobile apps for iPhone and Android devices. These platforms offer superior features such as charting tools, indicators, expert advisors (EAs), copy trading, virtual private servers (VPS) solutions for scalping and auto-trading. Top-tier liquidity and market leading pricing: FP Markets has established relationships with leading tier one financial institutions that provide deep liquidity and tighter spreads for forex traders. Combined with its ECN Pricing model, traders can enjoy fast execution from an NY4 server facility. Excellent customer support: FP Markets offers multilingual customer support via phone, email or live chat. The broker also provides educational resources such as webinars, research papers, videos and blogs to help traders learn and improve their skills. Personal account managers: FP Markets assigns a personal account manager to each client who can assist them with any queries or issues they may have during their trading journey. The account manager can also provide feedback on the client’s performance and suggest ways to optimize their trading strategy. Awards recognition: FP Markets has been awarded as the #1 Value Global Forex Broker* on multiple occasions by various reputable organizations such as Global Banking & Finance Review (G BFSR), FXStreet Awards for Excellence in Trading Platforms & Technology Innovation in 2019. , FXStreet Awards for Best Forex Broker in Australia in 2018. , FXStreet Awards for Best Forex Broker in Asia Pacific in 2017. , FXStreet Awards for Best Forex Broker in Europe in 2016. , FXStreet Awards for Best Forex Broker in Emerging Markets in 2015. , FXStreet Awards for Best Forex Broker in Central Asia in 2014. , FXStreet Awards for Best Forex Broker in Africa in 2013. , FXStreet Awards for Best Forex Broker in Middle East & North Africa (MENA) Region in 2012. , FXStreet Awards for Best Forex Broker Overall since its inception in 2009. . FP Markets is a forex broker that aims to provide an exceptional trading experience to its clients by offering low-cost trading services across various markets. If you are interested in opening an account with FP Markets or learning more about their products and services, you can visit their website here^).

Is FP Markets Legit and Trustworthy?

FP Markets is a well-established and reputable broker in the forex market. It has been regulated by the Australian Securities and Investment Commission (ASIC) since 2005. This top-tier regulation provides a high level of trust and security for traders. FP Markets offers a competitive commission-based forex cost structure and over 70 currency pairs. It also provides an upgraded trading environment with the MT4/MT5 trading platforms and twelve plug-ins, ensuring an edge for its clients. Customer reviews of FP Markets are generally positive, with many users praising the broker’s customer service, tight spreads, and trading conditions. However, some users have noted that the mobile app could be improved. In conclusion, FP Markets is considered a trustworthy and legit broker in the forex market. As with any financial decision, it’s always important to do your own research and consider your individual trading needs and goals.

Is FP Markets Regulated and who are the Regulators?

FP Markets is a globally recognized forex broker that operates under the regulation of multiple financial authorities. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and is a registered company of St. Vincent & the Grenadines. Established in 2005, FP Markets has earned a reputation for its high standards and commitment to providing an outstanding trading experience. The company’s regulatory status is a testament to its adherence to strict capital requirements, sound internal procedures for risk management, financial reporting, staff hiring, and external audit schedules. FP Markets ensures that retail client funds are always kept separate from the firm’s capital, held by leading banks. This segregation of funds is a crucial aspect of its operations, providing an additional layer of security for its clients. Being regulated by such reputable entities as ASIC and CySEC means that FP Markets adheres to stringent regulations for investor protection. This makes it a reliable choice for forex traders, who can trade with confidence knowing that they are dealing with a regulated broker. FP Markets offers a wide range of platforms including MetaTrader 4, the world’s most popular forex trading platform, and its newer sibling, MetaTrader 5. Traders can choose from an extensive range of CFD trading products through the Iress trading platform. In conclusion, FP Markets is a fully regulated forex broker that operates under the strict supervision of multiple financial authorities. Its commitment to maintaining high standards of operation and providing an outstanding trading experience makes it a reliable choice for forex traders around the globe.

Did FP Markets win any Awards?

FP Markets, a leading broker in the Forex and CFD industry, has been recognized with multiple awards for its exceptional trading solutions and commitment to providing clients with an outstanding trading experience. FP Markets’ Awards in 2023:. Best Forex Trading Tools: This award was given by FXScouts, recognizing FP Markets’ cutting-edge Trading Tools that deliver a wide selection of features to assist traders. Best Trade Execution: This award was received at the Ultimate Fintech Awards APAC 2023, acknowledging FP Markets’ commitment to providing clients with the best possible trading experience. Most Transparent Broker: This award, also received at the Ultimate Fintech Awards APAC 2023, further establishes FP Markets as a leading broker dedicated to transparency. In addition to these, FP Markets also received the ‘Best Trading Conditions’ and ‘Most Trusted Broker’ awards at the Ultimate Fintech Awards Global 2023. These prestigious awards further reinforce FP Markets’ position as a leading broker in the Forex and CFD industry. FP Markets’ dedication to innovation and providing clients with an exceptional trading experience is evident in its growing list of awards. The company’s competitive trading conditions continue to make it a popular choice for traders and investors worldwide.

How do I get in Contact with FP Markets?

FP Markets, a leading player in the forex markets, offers multiple avenues for potential clients and existing customers to get in touch with them. Their dedicated customer support team is available 24/7, reflecting the non-stop nature of the forex markets. Their headquarters is located at Level 5, Exchange House, 10 Bridge St, Sydney, NSW 2000, Australia. For general inquiries, they can be reached at their Sydney office number: +61 (0)2 8252 6800. They also have a fax number: +61 (0)2 8252 6899. For those who prefer digital communication, FP Markets provides email support at support@fpmarkets.com. New inquiries can be directed to sales@fpmarkets.com. FP Markets also offers a Live Chat option on their website. This feature is particularly useful for those who need immediate assistance. The Live Chat support is available in 12+ languages, eliminating the need for translation services. For self-service options, FP Markets has an extensive FAQ page on their website. This page contains a wealth of information on topics such as account opening, funding, trading, and company information. Office hours are from Monday to Saturday (AEDT) 07:00 – 07:00 and Sunday to Friday (GMT) 22:00 – 22:00. FP Markets is also active on social media platforms including Facebook, Twitter, LinkedIn, and Instagram. Whether you are looking to open an account, provide website feedback, or make media inquiries, FP Markets’ dedicated customer support team is ready to assist.

Where are the Headquarters from FP Markets based?

FP Markets, a renowned player in the forex trading industry, has its headquarters strategically located in Sydney, Australia. The exact address is Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000. This location places them in the heart of Australia’s financial district, providing easy access to the vibrant economic activities of the region. Established in 2005. , FP Markets has grown to become a leading contract for differences (CFDs) and forex trading broker. Their strategic location in Sydney not only provides them with a robust financial ecosystem but also allows them to offer their services to a global clientele, thanks to the city’s excellent connectivity and infrastructure. Despite being headquartered in Australia, FP Markets has a strong global presence. Their dedicated multilingual customer support team is available 24/7. , reflecting the round-the-clock nature of forex markets. They offer a variety of contact methods, including Live Chat, Phone, and Email. , ensuring that they are always reachable to provide necessary assistance to their clients worldwide. It’s also worth noting that FP Markets has a server located in New York. , which is crucial for providing low-latency, high-speed trading services to their clients. This is particularly important in the fast-paced world of forex trading, where every millisecond can make a difference. In conclusion, FP Markets, with its headquarters in Sydney and a global operational footprint, is well-positioned to provide top-notch forex trading services to its clients around the world.

What kind of Customer Support is offered by FP Markets?

FP Markets offers a comprehensive and award-winning customer support system. Their customer service has become one of the company’s cornerstones, going above and beyond to provide the ultimate customer service experience to retail and professional clients from Australia to the four corners of the world. Contact Options FP Markets provides multiple contact options for their customers. Their headquarters is located in Sydney, Australia. They can be reached via email at support@fpmarkets.com. They also provide phone support with the general number for Sydney being +61 (0)2 8252 6800. In addition, they offer toll-free numbers for Sydney 1300 376 233. Customer Support Team FP Markets’ multi-award-winning customer service delivers personalised, proactive, and instant support to traders 24/7. Their customer support team is always set to listen to a trader attentively and help troubleshoot no matter what the issue is. The team is made up of attentive problem solvers who genuinely want to help you succeed. Support Channels FP Markets offers support through various channels including phone, email, live chat, and social media. Their live chat feature, which supports 12+ languages, is available 24/7. This eliminates the need for interpreting services. Their online services include technical support and can be accessed by all website visitors via a popup window within the page. Self-Service Tool For general enquiries, customers can go to FP Markets’ FAQs page which serves as a self-service tool. It contains a range of information on account opening, funding, trading, and company information. This is the easiest place to find solutions to common questions such as how to deposit funds with a Visa credit card or debit card. Customer Satisfaction FP Markets strives to deliver top-class trading facilities and provide first-class products and services to customers who want to trade the world’s most popular markets. They deliver an immediate, proactive, and award-winning customer experience. Their customer support volume has seen an outstanding 108% growth, indicating the growing trust of traders in FP Markets. In conclusion, FP Markets offers a robust and comprehensive customer support system that caters to the needs of its diverse clientele. Their commitment to providing excellent customer service is evident in their multi-award-winning customer support team and the variety of support channels they offer.

Which Educational and Learning Materials are offered by FP Markets?

FP Markets, a renowned Global Forex & CFDs Broker since 2005, offers a wide range of educational and learning materials to enhance the knowledge and skills of both new and professional traders. Trading Courses: FP Markets provides a number of educational videos, structured in a straightforward step-by-step guide. These courses are designed for those who want to learn to trade and invest in the financial markets. Live Webinars: FP Markets conducts live webinars covering a wide range of trading and investing topics in a multilingual setting. These webinars are a valuable resource for expanding your trading knowledge. Podcasts: The FP Markets Podcast Series offers a clear and concise method of learning through listening. It’s like having an audio academy in your pocket, explaining everything you need to know about trading the markets. Events: FP Markets organizes events that provide an easy way to gain market insights. These events help traders understand how to trade and take advantage of exclusive trading opportunities. Platform Tutorials: Understanding how your trading platform operates is crucial to trading success. FP Markets’ industry experts provide easy-to-follow tutorials, making platform navigation easy. Ebooks: FP Markets offers free trading eBooks that can take your trading to the next level. These eBooks cover basic concepts to advanced applications. Trading Glossary: Trading terminology can be confusing. To help traders understand even the most complex terms, FP Markets provides a comprehensive list of definitions. Trading Guides: FP Markets offers a wide range of trading guides to educate traders on the forex market. These resources collectively form a unique education project architected by FP Markets to enhance your knowledge and skills, whether you are a new trader or a professional trader.

Can anyone join FP Markets?

Yes, anyone can join FP Markets. FP Markets is a multi award-winning Australian forex broker that offers over 60+ fx pairs in all the major currencies 24 hours a day, 5 days a week. All major currency pairs include the US dollar (USD) as either the base or counter currency. To start trading with FP Markets, traders are required to deposit $100 in order to open a MT4/MT5 account with FP MARKETS, which is average in the forex industry. FP Markets offers consistently tight spreads, starting from as low as 0.0 pips. They have partnered with leading banking and non-banking financial institutions to ensure a deep liquidity pool, so that traders get the best available market prices and ultra-low latency order execution. Here are some benefits of Forex trading with FP Markets: Trade on spreads from 0.0 pips Leverage options up to 30:1 60+ currency pairs The Forex markets are open 24 hours a day, 5 days a week Award-winning multilingual customer support No price manipulation Benefit from low margin, low-cost trading High speed trade execution from Equinix servers Enter and exit trades whenever you want to, 24/5 Trade in any direction you think the markets will go, short or long, maximizing trading opportunities Get access to pre-open price action and gauge market direction with cutting-edge tools . FP Markets also offers CFDs across Indices, Commodities, Shares & Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions. Please note that this information is accurate as of December 2023 and is subject to change. For more information, please visit.

Who should sign up with FP Markets?

FP Markets is a suitable platform for a wide range of individuals and entities interested in forex trading. Here are some categories of people who might find FP Markets beneficial:. Forex Traders: FP Markets offers over 60 currency pairs on MT4. , making it an excellent choice for forex traders. The platform provides consistently low spreads from 0.0 pips, fast execution from an NY4 server facility, and top-tier liquidity. Traders can trade major currency pairs such as the EUR/USD, USD/JPY, and GBP/USD. CFD Traders: FP Markets provides Contracts for Differences (CFD) trading. This makes it a good choice for traders looking to profit from price movements without owning the underlying asset. Indices and Commodities Traders: FP Markets offers trading in 19 major global indices and various commodities like coffee, natural gas, corn, and more. This makes it a suitable platform for traders interested in diversifying their portfolio. Shares Traders: With access to more than 10,000 stocks on global exchanges. , FP Markets is a great platform for share traders. Metals and Bonds Traders: Traders interested in trading metals like gold, oil, silver, and bonds will find FP Markets beneficial. Beginners: FP Markets provides a free 30-day demo for beginners to test their knowledge and potential. This makes it a good starting point for individuals new to forex and CFD trading. Advanced Traders: FP Markets offers advanced trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, and WebTrader, along with mobile apps for iPhone and Android devices. This makes it suitable for advanced traders looking for sophisticated trading tools. Auto-Traders and Scalpers: FP Markets provides superior Virtual Private Servers (VPS) solutions for Expert Advisors (EAs), scalping, and auto-trading. This makes it a good choice for traders who use automated trading systems or trading strategies that require fast execution. Copy Traders: FP Markets offers a copy trading feature, allowing traders to follow and copy top-performing traders. This is beneficial for traders who prefer to rely on the strategies of successful traders. In conclusion, FP Markets is a versatile platform that caters to a wide range of traders, from beginners to advanced, offering a variety of trading instruments and advanced trading platforms. It’s regulated by ASIC, CySEC, and ESMA, ensuring a secure trading environment.

Who should NOT sign up with FP Markets?

FP Markets is a well-regulated broker with a good trading environment suitable for both beginners and experienced traders. However, there are certain types of individuals who might want to consider other options. Here are some categories of people who might not find FP Markets to be the best fit for their needs:. Users Seeking Strong Educational Content: FP Markets’ educational content is not particularly strong. While it has improved year over year with the introduction of educational courses and more articles. , those who are new to forex trading and are looking for comprehensive educational resources might find other platforms more beneficial. Users Who Prefer Advanced Mobile Trading: While FP Markets has introduced a new mobile app, it still lacks many of the features typically found in the best mobile trading apps. If you rely heavily on mobile trading and require advanced features, you might want to explore other options. Users Interested in Social Trading: FP Markets’ Social Trading portal is compatible with MetaTrader 4, yet lacks the advanced performance metrics found with copy trading leaders. If social trading is a key part of your strategy, you might find other platforms more suitable. Users in Australia Wanting to Use cTrader: While available in other regions, the cTrader platform is not available to FP Markets clients in Australia. If you’re based in Australia and prefer using cTrader, this could be a significant drawback. Users Not Comfortable with High Risk: Trading CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. If you’re not comfortable with such risks, you might want to consider other investment options. Users Looking for a Share Trading Platform: FP Markets’ Iress platform is more focused on share trading than forex, and data fees can add up quickly unless you are an active trader or maintain a high-balance account. If you’re primarily interested in forex trading, this aspect of FP Markets might not appeal to you. Remember, it’s important to do thorough research and consider your individual trading needs and goals before choosing a forex broker. It’s also a good idea to try out a demo account before committing to a platform. This allows you to get a feel for the platform’s interface and features without risking real money.

Does FP Markets offer Discounts, Coupons, or Promo Codes?

FP Markets, a major player in the personal investing and trading industry, is known for its competitive offerings in the forex market. However, when it comes to offering discount codes, FP Markets very rarely issues promotional discount codes. In December 2023, there was a promotional code that offered a $200 discount. This was a significant saving for traders looking to maximize their investment potential. However, it’s important to note that these codes are not always available, and the availability can vary. If there are no working codes for FP Markets, it’s suggested to try common coupon phrases that have worked in the past. These codes are often used by stores like FP Markets. It’s also worth noting that FP Markets is a highly sought-after brand when it comes to discount codes and promotional deals, with thousands of consumer web searches for FP Markets codes and deals each month. In addition to these discounts, FP Markets has been seen to offer up to 50% off on eBay. This could be a great opportunity for traders to take advantage of FP Markets’ offerings at a discounted rate. Despite these occasional promotions, it’s important to note that FP Markets does not offer any type of bonus, promotion, or reward to its new or loyal customers, including trading bonuses, deposit bonuses, no deposit bonuses, and cashback programs. This is a crucial point for traders to consider when choosing their forex provider. In conclusion, while FP Markets does occasionally offer discounts and promo codes, these are not a regular feature of their service. Traders should keep an eye out for any potential savings, but should also be aware that the primary value of FP Markets lies in their competitive forex offerings, rather than regular discounts or promotions.

Which Account Types are offered by FP Markets?

FP Markets, an Australian CFD and forex broker founded in 2005, offers a variety of account types for forex and CFD trading. Catering to the diverse needs of traders, FP Markets provides a wide range of account and platform options. Forex Account Types: Standard MT4 - MT5: This account type offers spreads from 1.0 pips with zero commission. The minimum deposit is $100 AUD or equivalent, and the maximum leverage is 30:1. Raw MT4 - MT5: The Raw account offers spreads from 0.0 pips with a commission per lot (USD) of $3.0 (Each way). The minimum deposit and maximum leverage are the same as the Standard account. . FP Markets also offers Islamic Swap-Free and Risk-Free Demo trading accounts. IRESS Account Types: Retail: This account requires a minimum balance of $1,000. The brokerage rate is $6 min, then 0.06%, and the financing rate is FP Markets Base Rate +3.0%. The ASX Live Data fee is $60 inc. GST, which is waived if you generate $150 in commission per month. Wholesale/Professional: This account also requires a minimum balance of $1,000. The brokerage rate is 0.05%, with no minimum, and the financing rate is FP Markets Base Rate +2.0%. The ASX Live Data fee is the same as the Retail account. . FP Markets prides itself on having tight spreads, flexible leverage, and lightning-fast execution. Traders can access 60+ currency pairs, indices, commodities, and cryptocurrencies such as Bitcoin with a maximum leverage up to 30:1. FP Markets also provides several funding options available including credit card, debit card, Neteller, Skrill, BPAY, Poli, and PayPal.

How to Open a FP Markets LIVE Account?

Opening a live account with FP Markets, a leading forex and CFD broker, involves a few key steps. This process is designed to ensure secure and efficient trading for all users. Step 1: Visit the Official Website Start by visiting the official FP Markets website. Look for the “Open Live” or “Start Trading” button, usually located in the top right corner or the middle of the screen. Step 2: Enter Personal Information Upon clicking the button, you’ll be directed to an application form. Here, you’ll need to provide personal information such as your full name, address, country of residence, and contact details. Step 3: Provide Additional Details Further information required includes your date of birth, profession, annual income, trading experience, and objectives. You’ll also need to declare the source of funds for trading. Step 4: Choose Account Type and Trading Platform Next, select your desired trading platform (MT4 or MT5) and the type of account you wish to open (Standard or Raw account). You’ll also need to choose a base currency for your account. Step 5: Submit Verification Documents Regulated brokers like FP Markets require you to submit certain documents to verify your identity. This typically includes a government-issued ID and proof of residence, such as a utility bill or bank statement. Step 6: Await Approval Once you’ve submitted all necessary information and documents, your application will be reviewed. You’ll be contacted once your application is approved. Step 7: Access Your Account Upon approval, you’ll receive your account login credentials via email. You can then view your trading history, add additional live and demo accounts, request VPS, fund the account, change passwords, and alter leverage settings. Remember, the initial opening process of a live account takes only a few minutes, but additional checks are required before you can start trading.

How to Open a FP Markets DEMO account?

Opening a demo account with FP Markets is a straightforward process that allows you to practice your trading strategies in a simulated real-time trading environment. Here’s a step-by-step guide on how to do it:. Step 1: Visit the FP Markets official website. Look for the option to “try a demo account” located below the “Start Trading” banner on the homepage. Step 2: Fill out the registration form. This will require your first and last name, a valid email address, your country of residence, and mobile number. Step 3: After filling out the form, wait for the verification email with your login information. Step 4: Download and install the Metatrader 4 (MT4) trading platform on your PC or mobile device. Step 5: Open the MT4 platform and click on the ‘File’ menu to log in with the details that were emailed to you. Once you’re logged in, you can start exploring the platform and familiarizing yourself with its features. You’ll be provided with a virtual balance of $100,000 to start with. The prices and charts will be displayed in real-time, providing you with an in-depth experience. To access trading tools, click on the ‘Insert’ tab, and you’ll be presented with features such as trend lines and indicators. For more in-depth articles relating to technical analysis, you can visit the FP Markets educational section on their website. Remember, demo accounts are an excellent tool to acquire practical trading skills. They allow you to practice new trading strategies and experience market conditions before entering into a real account. So, take your time to learn and practice before placing a trade.

How Are You Protected as a Client at FP Markets?

FP Markets, a well-established financial trading platform, offers several protective measures to safeguard its clients’ interests. Here are some key points:. Regulation and Investor Protection FP Markets is regulated by the top-tier Australian Securities and Investments Commission (ASIC). This regulatory oversight ensures that the company adheres to strict standards of operation. For European Union clients, investor protection is up to €20,000. Negative Balance Protection One of the significant protective measures provided by FP Markets is the protection against negative account balances. This means that a retail client’s CFD losses are limited to the funds in their CFD trading account, safeguarding them from owing more than their initial investment. Transparent Operations FP Markets maintains transparency in its operations. It provides daily, monthly, and tax year-end statements to all clients via PDF email attachments. Custom spreadsheets can also be provided upon request. Client Liability In the event of market manipulation, the client may be liable for penalties to regulators such as ASIC or be liable to FP Markets for costs arising out of those trading practices that lead to the client, FP Markets, or any other person suffering loss or penalty. Customer Support FP Markets has a robust customer support system in place. They have a 24/7 support team ready to assist clients with their queries. Demo Account FP Markets encourages clients to test their demo environment first, allowing them to familiarize themselves with the platform before engaging in live trading. In conclusion, FP Markets provides a secure and transparent trading environment for its clients, backed by regulatory oversight and protective measures. However, clients are advised to understand the risks associated with financial trading fully.

What is the Minimum Deposit Amount at FP Markets?

FP Markets, also known as First Prudential Markets, is a well-established forex and CFD broker that offers a wide range of trading options. The minimum deposit required to open a trading account with FP Markets varies depending on the type of account. For a Standard and a Raw account, the minimum deposit is $100. However, to open an IRESS account, the minimum deposit increases to $1,000. FP Markets provides its clients with access to over 10,000 CFD products and tight spreads, which start from 0.0 pips. The platform offers raw pricing aspects that stream directly to top-tier liquidity providers. This allows clients to benefit from a large liquidity pool of regulated financial institutions. In addition to these features, FP Markets also offers the use of the MetaTrader 4 and MetaTrader 5 platforms. These platforms are highly regarded in the forex trading community for their advanced features and user-friendly interfaces. FP Markets operates under the regulation of several financial bodies, including the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Services Authority. These regulatory bodies ensure the security of traders’ funds on the platform. In conclusion, FP Markets is a reliable and regulated forex broker that offers a wide range of trading options. The minimum deposit required to open an account is affordable, making it accessible to many traders.

Which Withdrawal methods are available at FP Markets?

FP Markets offers a wide range of withdrawal methods to cater to the diverse needs of its clients. Here are the details:. Credit/Debit Card: This method is available for various currencies including AUD, USD, GBP, EUR, CAD, CHF, HKD, SGD, NZD. There are no fees associated with this method. However, the withdrawal time can vary between 2-10 business days, depending on your corresponding bank. Domestic Bank Wire (AUD): This method is specific for AUD currency. There are no fees for this method and the withdrawal time is 1 business day once all the correct documents are received. International Bank Wire: This method is available for currencies other than AUD. Similar to the domestic bank wire, there are no fees and the withdrawal time is 1 business day once all the correct documents are received. Payment Wallets: FP Markets supports payment wallets including Neteller and Skrill. The fees and withdrawal times can vary depending on the wallet and the currency. Paytrust88 (Local Bank Transfer): This method is available for MYR, IDR, THB, VND currencies. The fee is 1.5% and the withdrawal time is 1 business day. 中国网银 (RMB人民币): The fee for this method is 10 USD if the withdrawal amount is less than 500 USD and 3 USD if the withdrawal amount is over 500 USD. The withdrawal time is 1 business day. Please note, the withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits. FP Markets does not charge any additional internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party which are independent of FP Markets.

What can I trade with FP Markets?

FP Markets offers a wide range of trading options for its users. Here are the details:. Forex Trading FP Markets provides access to over 60 currency pairs on the MetaTrader 4 and MetaTrader 5 platforms. This includes major pairs like GBPUSD, AUDUSD, and EURUSD. The Forex markets are open 24 hours a day, 5 days a week, and traders can take advantage of tight raw spreads from 0.0 pips. Share CFDs Traders can also trade Contract for Difference (CFD) on over 10,000 stocks on global exchanges. This includes popular stocks like Apple, Facebook, and Amazon. FP Markets provides Direct Market Access pricing through their Iress platform. Stock Indices FP Markets allows trading of CFD Indices futures from across the world at margins starting at just 1%. Traders can access 19 major global indices. Commodities FP Markets offers a wide range of commodities for trading, such as energy, metals, and agricultural products. Traders can enter and exit trades whenever they want to, 23/5, across almost all Commodities markets. Metals Traders can trade on a wide range of metals, including gold, oil, and silver. Bonds FP Markets also offers trading on bonds such as US10YR & UK Long Gilt Futures. In summary, FP Markets provides a comprehensive trading platform with a wide range of options, making it a versatile choice for traders of all experience levels.

Which Trading Platforms are offered by FP Markets?

FP Markets offers a variety of trading platforms, each designed for high-performance and advanced functionality. Here are the details:. 1. MetaTrader 4 (MT4). : MT4 is the world’s most popular trading platform used for analysing the financial markets. It provides a customisable interface and is loaded with features. It offers advanced charting tools, numerous technical indicators, real-time price charts, market news and insights, and a suite of automated trading options. Traders using Expert Advisors (EAs) can take advantage of FP Market’s fast execution speed. It is compatible with Windows 7 or higher and also supported on Mac OSX. 2. MetaTrader 5 (MT5). : MT5 offers a faster and effortless trading experience. It supports all types of execution modes and provides depth of market functionality (DOM). It also offers multiple back testing and supports MQL4 & MQL5 languages. 3. Iress. : Iress is an advanced trading toolbox and an exclusive trading risk manager. It offers global and multi-asset trading. 4. WebTrader. : WebTrader is part of FP Markets’ revolutionary fleet of trading platforms. It offers advanced charting tools, technical indicators and up-to-date news, market data and technical analysis. 5. Mobile App. : FP Markets also offers a mobile app for iPhone and Android devices. This allows traders to manage their trades on the go. Each platform supports a wide range of tradable instruments, including over 60+ forex currency pairs. They also offer advanced security features, including 128-bits encryption for secure trading. FP Markets has partnered with top forex liquidity providers for deep liquidity, along with real-time price quotes. They consistently offer some of the tightest spreads in the industry.

Which Trading Instruments are offered by FP Markets?

FP Markets offers a wide array of trading instruments that cater to the diverse needs of traders. Here are some of the key trading instruments offered by FP Markets:. Forex Instruments: The forex exchange market runs 24/5 and it offers what traders look for in a preferred instrument: large liquidity, high volatility, low transactional costs, and low capital requirements. Forex instruments also tend to provide high leverage and their information is readily available and updated regularly. The commonly traded forex instruments include currency pairs of the world’s biggest economies: EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CHF. Futures: Futures are popular because they mitigate risk and unpredictability. They allow a buyer to buy or sell an instrument on a specified future date at a specific price. Traders commonly choose Index Futures: Futures on popular indices like the S&P 500 and the FTSE 100 are some of the most liquid and high-volume trading instruments available. Derivatives: A derivative trade is a contract between multiple parties based on the underlying value of a financial asset. The underlying assets which the value is derived on include a wide range of financial instruments such as currencies, shares, commodities, indices, futures contracts, options contracts, and equities. Shares: FP Markets offers the opportunity to trade shares from some of the world’s largest and most successful companies. Commodities: Traders can also trade commodities, which include physical substances like gold, silver, oil, natural gas, and more. Indices: FP Markets offers the opportunity to trade on the price movements of major global indices. Digital Currencies: FP Markets also offers the opportunity to trade digital currencies. In total, FP Markets offers over 10,000+ tradable instruments. Trading is available on advanced trading platforms that feature real-time pricing and an array of fundamental and technical analysis tools.

Which Trading Servers are offered by FP Markets?

FP Markets offers a variety of trading servers to cater to the diverse needs of forex traders. These platforms are designed for high-performance and advanced functionality, providing traders with powerful tools and superior execution. MetaTrader 4 (MT4): Known for its efficiency, accuracy, and simplicity, MT4 is a popular choice among forex traders. It offers 30 technical indicators, 31 graphical objects for chart patterns, single back testing, 9 time frames, and 4 order types. MetaTrader 5 (MT5): MT5 provides a faster and effortless trading experience. It is a 64-bit multi-threaded platform that supports all types of execution modes. It offers 38 technical indicators, 44 graphical objects for chart patterns, multiple back testing, 21 time frames, 8 order types, and supports MQL4 & MQL5 languages. Both MT4 and MT5 share some common features such as 60+ forex currency pairs, 10,000+ financial instruments, 400+ stocks & shares directory, 128-bits encryption for secure trading, VPS hosting service, personalised interface, one-click trading, real volume data & tick chart for intraday price action, tick volume data, expert advisors (EAs) & algorithmic trading, social trading & copy trading, customisable forex signals via e-mail & push notifications, economic calendar, MarketWatch live price streaming on live & demo accounts, MetaTrader Market & MQL community access, and compatibility with iOS & Android devices. Iress Essential: This is an advanced trading toolbox and an exclusive trading risk manager. It offers global & multi-asset trading across 130+ different financial markets. FP Markets also offers a Webtrader and a Mobile App for trading on the go. The server location of FP Markets is in New York, ensuring low latency for fast trade execution. Please note that FP Markets MetaTrader 4 and MetaTrader 5 server time and charts are GMT+2 or GMT+3 (when New York Daylight savings takes effect) to ensure a 5 daily candle week.

What is the Leverage on my FP Markets Trading Account?

Leverage is a key feature of forex and CFD trading with FP Markets. It’s a powerful tool that allows traders to gain greater exposure by opening positions that are significantly larger than the amount required to open the trade. To open positions, a trader is only required to have the margin requirement present in their trading account. This is known as margin trading and is a concept used when trading financial markets using advanced trading platforms such as MetaTrader 4, MetaTrader 5, and Iress. The leverage ratio, simply put, is the amount of exposure you are able to gain with respect to the capital invested. It can range from 2:1 (twice the initial deposit) with high leverage amounts up to 30:1 (30 times initial deposit). However, FP Markets offers leverage of up to 500:1 on positions in FX and precious metal CFDs. For retail traders, FP Markets’ Australian and Cyprus-based subsidiaries afford a maximum leverage of 1:30, whereas the offshore entity has a maximum leverage of 1:500. With only a small amount present in your trading account, you would be able to open a position with a total value that is significantly larger depending on the leverage offered. For instance, with a leverage ratio of 10:1, you will be able to open a position that is ten times the size of the initial deposit. With only $1,000 present in your trading account, you would be able to open a position with a total value of $10,000. The use of leverage is common in the forex market and its benefit can be shown through a simple comparison to trading stocks. With conventional stock market trading you are required to pay for the total value of the shares that you wish to purchase. In comparison, if you were to purchase a share CFD which offered a leverage ratio of 20:1, you would only need to 5% of the total value of the position. While leverage trading is hugely popular, especially among forex traders, it has pros and cons. By increasing exposure, a trader not only increases possible profits, but also potential losses, depending on the direction in which the market moves. It is however important for traders to be aware of how leverage trading works in order to use it effectively and manage the associated risks.

What kind of Spreads are offered by FP Markets?

FP Markets, a renowned player in the forex trading industry, offers a variety of spreads that cater to different types of accounts. The spreads offered by FP Markets are known for their tightness, which is a crucial factor for traders in minimizing trading costs and maximizing profitability. Understanding Spreads In forex trading, the spread is the difference between the bid price (the highest price a buyer is willing to pay) and the ask price (the lowest price a seller is willing to accept). It is measured in ‘pips’ and represents the cost of trading. Spreads Offered by FP Markets FP Markets offers very tight spreads that vary from account to account. For a standard account, the spreads start from 1.0 pip. However, for a raw account, the spreads can start from as low as 0.0 pips. This means that traders can potentially start trading without any spread, which is a significant advantage in forex trading. Moreover, FP Markets ensures a deep liquidity pool by partnering with leading banking and non-banking financial institutions. This guarantees the best available market prices and ultra-low latency order execution. Spread Data for FP Markets According to data reported by MT4, the spreads for FP Markets vary depending on the currency pair and the time of trading. For instance, during the Tokyo, London, and New York sessions, the average spread for EURUSD ranges from 0.0 to 0.2 pips. Similarly, for AUDUSD, the average spread ranges from 0.0 to 0.3 pips. In conclusion, FP Markets offers competitive spreads in the forex market, making it a preferred choice for many traders. The tight spreads, coupled with deep liquidity and low latency order execution, provide an efficient trading environment for both new and experienced traders.

Does FP Markets offer MAM Accounts or PAMM Accounts?

Yes, FP Markets does offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts. MAM Accounts MAM stands for Multi-Account Manager. This software provides a range of customizable ways to sub-allocate trades in addition to the method of percentage allocation in a PAMM. FP Markets’ MAM accounts can be used with MT4 by FP Markets traders. FP Markets allows 3 allocation methods either by lot, percentage, or balance. FP Markets accepts an unlimited number of sub-accounts. There is a $100 minimum deposit requirement to open an FP MAM account. PAMM Accounts PAMM stands for Percentage Allocation Management Module Manager which is a form of pooled money forex trading. This software allows investors to be part of a set of sub-accounts which are traded together by a money manager or trader who has permission from clients to trade their accounts under a LPOA (Limited Power of Attorney). FP Markets features dedicated PAMM accounts for clients who want to assign a money manager to trade for them. Additional Features FP Markets’ MAM/PAMM accounts provide managers the high level of control they need to maximize returns from trading forex. They offer an Electronic Communications Network (ECN) with deep liquidity and tight spreads that allows money managers to enjoy large volumes at the prices they ask for. Strong order execution is a key feature, as slippage can become a significant factor if trading large orders. Order management monitoring is also a fantastic feature for MAMs and PAMMs, aiding transparency and providing more appeal to potential investors. Why Choose FP Markets MAM/PAMM Account? FP Markets is one of the leading MAM account brokers. Their software is perfect for traders or money managers using Expert Advisors (EAs). They offer customizable trading conditions, including commissions, spread mark-ups, account currency, performance fees, and margin/call. Their low commission structure, combined with tight spreads, results in greater margins for trade managers. They also offer quick deposit and withdrawal for uninterrupted trading. In conclusion, FP Markets provides comprehensive solutions for MAM and PAMM accounts, catering to the needs of both money managers and investors in the forex market. Their robust trading environment, partnerships with top liquidity providers, and impeccable client servicing make them a preferred choice for professional fund managers.

Does FP Markets allow Expert Advisors?

Yes, FP Markets does allow the use of Expert Advisors (EAs) in the context of forex trading. FP Markets is a group of companies that prides itself on its high standards. It operates under an Australian Financial Services Licence (AFSL) and has received the ‘Best Forex Broker Australia’ award. FP Markets offers competitive trading conditions by using multiple liquidity providers that source from Tier 1 Banks and financial institutions. This process provides competitive quotes and deep liquidity on a wide range of financial instruments, including forex, commodities, and Indices. Traders can choose from a wide range of platforms including MetaTrader 4, the world’s most popular forex trading platform or its newer sibling, Metatrader 5. An extensive range of CFD trading products are also available through the Iress trading platform. Those looking to trade currency pairs such as the EUR/USD, AUD/USD and GBP/USD or commodity futures can do so with high leverage and low spreads. New traders have the added benefit of being able to learn how to identify high risk trading conditions with a demo account. When ready to take the next step in online trading, FP Markets traders are able to open a live account with a very low minimum deposit of as little as $100. A zero restrictions policy means that FP Markets provides the ideal conditions for scalping and those using Expert Advisors (EAs) to conduct their currency trading. The trading platform incorporates advanced charting tools and allows traders using Expert Advisors (EAs) to take advantage of FP Market’s fast execution speed. A suite of automated trading options and up-to-date news on the global forex market are available to all trading account types including free demo accounts.

Does FP Markets offer Copytrading?

Yes, FP Markets offers copy-trading through its AutoTrade service provided by Myfxbook. AutoTrade allows traders to copy a wide selection of trades from any system into their FP Markets MT4 trading account. Here are some of the benefits of using AutoTrade:. Time-saving: No need to waste time searching for winning systems Flexibility: You can add and remove systems at any time Automation: Trade mirroring is completely automated Profitability: Incentives are given to signal providers only for profitable trades Risk Management: Advanced Risk Management systems Accuracy: Real data with accurate statistics No additional software needed: AutoTrade is a service provided through Myfxbook . To get started with AutoTrade, you can log into FP Markets’ secure client portal and select ‘Open A New Live Account’. Once your account has been opened, you will need to link it to Myfxbook AutoTrade and send an email to support@fpmarkets.com with your new account number to link to myfxbook autotrade. As always, you can contact FP Markets’ 24/5 customer support for more information.