FP Markets is a Safe forex broker, Regulated – ASiC, Company – First Prudential Markets. More top rated forex brokers reviews Listed to find.
What is FP Markets
FP Markets is a popular and reputable global provider of CFDs and Forex trading, established in 2005. We are regulated by the Australian Securities and Investments Commission in Australia. In Europe, it’s CySEC, the Cyprus Securities and Exchange Commission that governs our operations. We are regulated in South Africa by FSCA – the Financial Sector Conduct Authority, and in Seychelles by the Financial Services Authority. Being a registered company of the St. Vincent & the Grenadines makes us one of the truly global entities.
With over 40 awards in the category of client servicing and execution technologies, FP Markets stands out as one of the most significant forex brokerages in the industry. Not winning a plethora of accolades in this very competitive forex market space overnight comes easy. Formed in 2005, FP Markets has delivered excellent services for various forex traders and continues to stay strong as one of the best forex brokers in the market.
FP Markets Security and trust
FP Markets is owned and operated by the First Prudential Markets PTY LTD. It is retail forex and CFD provider located in Sydney.
The parent company is regulated by the ASIC (Australian Securities and Investments Commission) ABN 16 112 600 281, AFS License No. 286354. More security provided through the Act of Grace mechanism, section 65, PGPA act 2013.
The FP Markets LLC is registered at St. Vincent and the Grenadines, Limited Liability Number 126 LLC 2019.
They are also regulated by the CySEC (Cyprus Securities and Exchange Commission) but of few favorable trading opportunities. The FCA is responsible for the authorization of the IBCs (international business companies).
Account types
FP markets accounts possess simple terms and features. They only have 2 types of forex accounts, namely, Standard account, and Raw account. The standard account gives free trading with no commission while the raw account is a commission-based account.
What are the similarities of the two accounts?
- The account opening deposit is $100 AUD or equivalent.
- 60+ FX pairs, indices, metals, commodities.
- Maximum leverage allowed is 1:500.
- Mobile apps and VPS are available for both accounts.
- Expert Advisors (EA’s) are also enabled for automated trading.
- Both accounts come with MT4 and MT4 trading platforms.
Divergence between the two accounts
Raw Spread: starts as low as 1.0 pips on the standard account and raw account begins at 0.0 pips.
Commission: Standard account charges zero commission per lot trading and raw account charges 3 USD per side.
Additionally, three other types of accounts are available on the Iress trading platform. These include:
- Iress Investor Fee is free .
- Free pendant data to the market .
- Fee for telephone trading option .
- Iress trading platform offers Standard, Platinum, and Premier accounts. These account benefits and features are varied more than similarity .
The account opening balance are:
- $1,000 – Standard account
- $25,000 – Platinum account
- $50,000 – Premier account
The brokerage rates are $10 min, then 0.1%, $9 min, then 0.09%, and No min, then 0.08%. The Financing rates are +4.0%, +3.5% and +3.0%.
In brief:
Standard account offers competitive DMA commission.
The platinum account offers lower commission ever.
Premier account offers a trading without brokerage fees and platform fees. This accounts for the advanced level of traders.
Also, they swap free and demo account, and swap free demo account. The Islamic account is available for traders whose residence is in Islamic jurisdiction. You can choose MT4 or MT5 for the Islamic account. You have to follow the below process for opening an Islamic account:
- First, you have to create an MT4 or MT5 based trading account.
- Sent a request to covert Islamic account at [email protected].
- Waiting for approval from the onboard team.
*Islamic account is not accessible on the Iress trading platform. You will require your Proof of Identity to convert the account.
Trading platforms
I have already mentioned that FP markets offer MT4, MT5 and Iress trading platform.
The MT4 and MT5 are popular and renowned trading platforms with good trading environment and features. Every platform offers all major and exotic currency pairs.
MT5 is also more advanced than the MT4. It offers some more features, tools, analysis, and market news. It is more suitable and accessible via a range of devices and technology.
The MT4 and MT5 are both available for MAC, PC, IOS, and Android-based systems. You need to download it for phone and Desktop (If you don’t want to use Web Platform). The downloadable applications are fully free.
Access 70+ products in Forex, Indices and Commodities now.
Iress trading platform
It is an advanced and comprehensive active platform. It provides direct access for trading CFD’s. You can trade futures and non-DMA financial instruments, such as shares, directly.
This platform grants you access or a wide range of assets, products, and instruments. You will be eligible to trade over 10,000 stocks across international markets including major stocks, such as NYSE, ASX, NASDAQ, LSE.
Specialty of the Iress platform
There is also available an app for iPad, MAC, Windows, Android and iPhone.
You have access globally to 10,000+ financial trading instruments.
Technical Indicators, charts, and an economic calendar.
Automated trade open and close position.
Deposit and Withdrawal
It is actually very easy to deposit and withdraws funds in FP Markets. Deposit and withdrawal are available via international all major methods. Accept master cards, credit or debit cards, bank wire, online banking, e-wallets. Use Poli Pay, PayPal, Bpay, Fasapay, Neteller, Paytrust88, Ngan Luong, and Skrill
They offer fee-free deposit services but third-party fees such as banks, e-wallet or other method fees may be applicable.
Education and Resources
Much resource is kept in place by FP markets to be availed for its readers and clients. The website has a resources menu that compiles everything together. Among its free live webinars (live analysis), eBooks (Forex and CFD trading), technical analysis, trading video tutorials Glossary Trading (Terminologies & Definitions).
They also provide fundamental analysis, economic calendar, and forex calculator on their trader’s hub.
Everything is absolutely free and offered by a professional and dedicated team. Whether you are a beginner or an experienced trader, you will get pure knowledge and education for your career.
Customer service
FP Markets client support team is dedicated and offers multilingual (12+ Languages) support, available 24/5.
The live chat option, call back option, email support [email protected], and phone support +44 28 2544 7780.
In addition, their website has a FAQs section that answers all of your common queries. Furthermore, if you need help, you can pay them a visit in the office in line with their working hours.
- Monday – Saturday (AEDT) – 07:00 – 07:00
- Sunday – Friday (GMT) – 22:00 – 22:00
The office location is 1st floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines.
FP Markets does not accept clientele from the United States, New Zealand, or Japan.
FP Markets Trusted Reviews
FP Markets Overview
| Company Information | Trading Account Options |
| Broker Details | Info | Type | Info |
| Regulators | ASiC, CySEC, FSCA, FSA | Maximum Leverage | 1:500 |
| Country | Australia | Mini Account | Yes |
| Base Currencies | AUD, CAD, EUR, GBP, JPY, NZD, USD | VIP Accounts | Yes |
| Type Of Brokers | ECN, STP | Segregated Accounts | Yes |
| Trading Platform | Desktop, Mobile, MT4, MT5 | Free Demo Accounts | Yes |
| Established Year | 2005 | Managed Accounts | No |
| Website Language | English | Pro Account | Yes |
| US Clients | No | Minimum Deposit | $100 USD |
| Islamic Account | Yes |
| Payment Option | Contact Information & Support |
| Method | Getway | Type | Info |
| Account Funding Methods |  Visa Card Master Card Skrill Wire transfer,  Perfect Money and more | Telephone No | +44 28 2544 7780 |
| Account Withdrawal Methods | Visa Card Master CardSkrillWire transfer, Perfect Money and more | [email protected] | |
| 24 Hours Support | Yes | ||
| Support During Weekends | No | ||
| Address | Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines. | ||
| Website | https://www.fpmarkets.com/ |
FP Markets Trading Features
| Suitable For | Trading Services |
| Trader Level | Yes/No | Service | Info |
| Publicly Traded | No | Hedging | Yes |
| Beginners | Yes | News Trading | No |
| Day Trading | Yes | Scalping | Yes |
| Weekly Trading | No | Automated Trading | Yes |
| Professionals | No | Indices | Yes |
| Swing Trading | No | Commodities | Yes |
| Minimum Spreads | 0.0 | Forex instruments | Yes |
| Commission | Yes | CFDs | Yes |
| Fixed Spreads | No | ETFs | No |
| Stocks | Yes | ||
| Bonds | Yes | ||
| Cryptocurrencey | Yes | ||
| Trading Signals | No | ||
| Educational Service | No | ||
| Copy/Social Tradings | No |
