FP Markets | Review | CFD Trading Platform Review

Our Review

FPMARKETS

Find all you need to know about FPMARKETS Trading Platform.

 

Topics

What is FP Markets?

10 points summary

Awards

Is FP Markets safe or a scam?

How Protected Are You on FP Markets?

Leverage Level

Account

Trading Platforms

Trading Instruments

Deposit & Withdrawal Methods 

Fees

Customer Support

Education

Conclusion

 

What is FP Markets?

FP Markets broker, established in 2005, offers access to trade in more than 10,000 Forex products. The broker provides a few of the market's narrowest spreads that commence as close as 0.0 pips. 

You can exchange Forex, shares, metals, crypto, and indexes from derivative contracts.

 

Up to 1:500 is sponsored for optimum leverage, and you can transact on MT 4 and MT 5. In addition to these channels, FP Markets giving access to different trading resources to trade.

 

The minimum deposit is 100 dollars with zero charges. Several transaction materials including, Skrill, Neteller, PayPal, Debit/Credit Card, Wire Transfer, and extra modes, are provided by FP Markets.

 

Pros	Cons
Award-winning broker	Trading regulations vary based on entities
Based in Australia, regulated by ASIC,
Tight spreads
60+ Forex currencies

 

10 Points Summary

Headquarters	Australia
Regulation	ASIC, CySEC
Platforms	MT4, MT5, & IRESS
Instruments	10,000+ products Forex, Indices, Commodities, Metals, Crypto-currencies, Equity CFDs
EUR/USD Spread	0.0 pips
Demo Account	Available
Minimum deposit	$100
Base currencies	10 Base Currencies
Education	Available
Customer Support	24/5

 

Awards

High-class performance, outstanding services, and uses of advanced tools have created a respectable position in the trading market. Overall, FP Markets has won 40 international awards till now.

The awards list includes the following awards,

 

Best FX Broker Australia 2020 - FX-Australia Forex Awards

Best Trade Execution - Investment Trends Report

Best Global Value Forex Broker for 2020 - The Global Forex Awards

Best Education Material Investment Trends Report

The Highest Overall Client Satisfaction Award - Investment Trends 2016 Australia

This Australia based company is winning the heart of traders for sure.

 

 

Pros	Cons
Trusted broker in Australia	None
Long and impressive history
Protection of negative balance

 

Is FP Markets safe or a scam?

Before you invest your time and money in trading, you need to check the platform. Since you want to know that FP Market is safe for trading or not, then yes, you can trade with this broker safely without the fears of scams. FP Markets is a verified broker. 

Established Australian broker runs under the set and regulation of CySEC and EU directive. FP Markets is a safe place to trade and make a living. Australian Securities and Investments Commission (ASIC) has also approved FP Markets as a secure trading platform.

 

 

How Protected Are You on FP Markets?

Providing quality services, clients' satisfaction, and providing ease in trading are some of the premium qualities of FP Markets. As we all know that FP Markets is an Australia based broker for investor's fund protection, FP Markets has selected top tier bank as "The National Australian Bank."

Also, for the protection of its funds, FP Markets has impelled the negative balance protection. This rule helps the broker make sure that all funds are safe and, also, if any bankruptcy case occurs, then FP Markets knows how to deal with that.

 

 

Leverage Level

Here comes the risking factor of the trading game. Sometimes, risking leverage level can prove to be beneficial to you. While sometimes it can be too bad that you may think that why you take this risk? (Luck and effort both play role).

This ASIC authorized broker provides the leverage level of 1:500. This leverage level is only available on the Forex instruments. Due to some internal rules and entities, the European clients and investors are provided with a low leverage level only up to 1:300.

 

So, before you set up your account with FP Markets, make sure to check the terms and conditions. And lastly, spend time learning about leverage and its usage strategies.

 

Account

Signing up an account with FP Markets is the first step for the partnership. Well, in our opinion, the process of opening an account should be simple and easy. And fortunately, FP Markets thinks the same as us.

 

FP Markets provides two types of accounts (ECN and STP models) available per Meta-Trader 4 and Meta-Trader 5 platforms. And for those users who prefer to use IRESS software, three types of accounts are available on this software.

 

Note that the amount will vary as per account type. Make sure to check that and choose which suits you the best.

Pros	Cons
Wide range of accounts available	Take up to 2 business days for confirmation of the account
Simple process for opening an account	Not such cons found

 

 

Process of Opening an Account

As mentioned above, the process is simple and convenient. Follow the following steps,

 

1. Fill the form by entering your name, email, and country

2. To prove your identification, upload your ID, address proof, and documents

3. Choose account type and platform as per your experience

4. To prove your financial position, answer the mentioned questions

5. After the confirmation of the account, make the first deposit and start trading

 

The time of account confirmation can take around 1 working day or on the same day. The period is long so that you can enjoy error-free trading.

 

Trading Platforms

FP Markets is holding all the aspects that make it the best and advanced broker.

The choice of the trading platform always has an impact on the trading experience. FP Markets provides you three powerful platforms like Meta-Trader 4, Meta-Trader 5, and IRESS. For money managers, MAM & PAMM accounts are also available.

 

Another eye-catching thing about these platforms is that you can use them on any version you want. Either it's a Desktop, a Web, or even a Mobile phone (through the mobile app), the usage is simple yet impressive.

 

Pros	Cons
High-quality trading platforms like MT4, MT5, and IRESS	None
Wide range of tools available
Customer-friendly platforms

 

 

Trading Instruments

Let us now discuss the trading instruments provided by FP Markets. As a leading Australian broker, FP Markets should be classy in the selection of trading instruments.

 

FP Markets provides the following trading instruments,

• Forex

• Metals

• Indices

• Bitcoin

• Commodities

• Equity CFDs

 

There is no doubt that all these trading instruments are out-class in performance. However, each trading instrument has a different leverage level, trading conditions, and flexibility. Check all the terms and policies while signing up for an account with FP Markets to avoid wear and tear.

 

Pros	Cons
Highly efficient in performance	The fee is variable based on instrument type,
A wide variety is available
Simple and convenient in use

 

 

Deposit & Withdrawal Methods 

Checking the deposition and withdrawing methods at the time of registration is an essential part. The moment you fill the form, you will get a wide variety of deposition methods. FP Markets has chosen all the top-class and leading deposition methods like Skrill, Neteller, eWallet, Direct Bank Transfer, and Credit/Debit card option. A low amount of fees is applied. The amount for minimum deposition is $100.

 

The next thing here is withdrawal methods. Same as the deposition methods, the withdrawal methods are also simple and on one's reach. It takes around 1 working day in the whole withdrawal process.

 

 

Fees

The amount of fee varies based on account type and instruments used. For instance, the IRESS account is based on a commission basis.

The charges on deposition and withdrawal are $0! Yes, you are not deaf: you heard it right. FP Markets charges zero tax over deposit and withdrawal of money. However, it deducts taxes over a spread.

 

Pros	Cons
0$ deposition charges	None
No taxes on the withdrawal

 

Customer Support

Till now, we have reviewed every technology related aspects of FP Markets. Now is the time to review the customer services provided by FP Markets. According to the rule of thumb, the brand should never compromise when it comes to customer service. Well, FP Markets is impelling the thumb rule.

 

FP Markets provides customer services 24/7. Along with this, live chat support is also available.

 

Pros	Cons
Live chat services available	None
Available 24/7
Respond by service center is quick
Available in different languages

 

 

Education

FP Markets is paying its time in guiding the newcomers. We all are not perfect in everything. Trading may be easy for some people, but the case is not the same for others. FP Markets is providing quality learning material for its beginner traders.

Three divisions are provided to help the trader in becoming the better one. Also, FP Markets has an established Traders Hub.

 

Pros	Cons
Highly relevant material for learning	None
Helping hand for many newcomers
Learning based on three different levels
Traders Hub

 

 

 

Conclusion

FP Markets is one of the rewarded and trusted brokers worldwide. In this article, we cover every aspect of the FP Markets. And to be honest, FP Markets has impressed us in all.

 

Summing up this article with that said, check your preference at the time of signing up, use your needed trading platforms & instruments, and lastly, must read the terms and policies. We hope that, with FP Markets, you will succeed in making a living.

 

 

Frequently Asked Questions (FAQs)

How can I open an account with FP Markets?

Visit the website. Select type account according to your experience, fill the format, deposit the minimum amount, and start trading.

 

What are the deposit and withdrawal methods?

You can deposit and withdraw your amount via Bank Wire Transfer, Klarna, Fasapay, PayPal, Neteller & Skrill, and Debit & Credit Card.

 

Does FP Markets is regulated?

ASIC and CySEC jurisdictions regulate FP Markets.

 

What are the trading instruments on FP Markets?

Forex, Commodities, Stocks, and Indices are the trading instruments on FP Markets.

 

What are the commission charges on FP Markets?

$3 is the commission charges when trade via raw account.