FP Markets (fpmarkets.com): broker review, rating and customer reviews

25.11.2022

Year of foundation

2003

Site

https://www.fpmarkets.com/

Software

MetaTrader 4 and MetaTrader 5, web terminal, mobile application

Payment systems

Neteller, Skrill, Ngan Luong, PayPal, Online Pay

Rating

6.3

  1. General Info
  2. Investment Programs
  3. Affiliate program
  4. Trading terms
  5. Commissions
  6. Types of accounts
  7. Bonus Program
  8. Safety guarantee
  9. Fund Deposit and Withdrawal
  10. Support service
  11. Personal account overview
  12. Contacts
  13. Reviews about FP Markets by the company's clients

FP Markets is an international online broker providing access to cryptocurrency, currency, stock and commodity markets. The experience of the company in the investment sphere exceeds 15 years. We have compiled a review about FP Markets and studied its financial and trading conditions in detail.

💸 Assets

Forex, stocks, indices, cryptocurrencies

⚖️ Leverage

1:500

➕ Affiliate Program

Yes

💰 Minimum deposit

100 AUD

💳 Account currency

AUD

💹 Spreads

From 0 points

📊 Brokerage accounts

Standard, Raw, demo

🎁 Bonuses

No

📱 Mobile Platform

Yes

General Info

FP Markets has been working on financial markets since 2005. The company is considered a universal broker, whose clients have access to trade different assets. The peculiarity of the company is that trading accounts are deposited in Australian dollars (AUD). The minimum deposit amounts to 100 AUD. When funding a trading account in another currency, you need to convert the amount equivalent to AUD 100 into Australian dollars.

The company is constantly improving its software. Traders have the opportunity to work with popular trading platforms and services for automatic trading. To test the trading conditions of the company, you can use a demo account.

Broker's homepage

Broker advantages

  • More than 15 years of work on financial markets.
  • Opportunity of automatic trading.
  • Processing speed of orders 40 ms.
  • Access to MT4 and MT5 terminals.

Disadvantages of the broker

  • Possible technical failures in the FP Markets proprietary trading terminal.
  • The need to convert funds to Australian dollars when depositing an account.
  • Technical support service does not work on weekends.

Investment Programs

The Company also offers users of MetaTrader 4 and MetaTrader 5 trading terminals the opportunity to join the service for social trading. It allows novice traders to reduce the risk of losing money by copying successful trades of more experienced investors. You can also become a provider of trading signals and earn extra remuneration when your trades are copied by others.

FP Markets broker provides access to asset management of trading accounts through MAM/PAMM accounts. According to МАМ system the trader can place the account on the server of the MetaTrader platform. As a consequence, the speed of execution of orders increases, allowing the manager to enter into transactions on several accounts almost simultaneously. With the PAMM system, the trader transfers his trading account to another, more experienced investor. The latter is responsible for trading operations performed on the account under his control.

Affiliate program

Traders have an opportunity to join the FP Markets partnership program. It implies interest payment for each new client attracted by the trader. Different Internet resources can be used for this purpose: own websites, blogs, social networks, etc.

The company also has an option of partner cooperation for legal entities. The White Label program will be attractive for the beginning brokers and startups in financial sphere. FP Markets gives such companies support in the process of development, training materials on how to open a brokerage business and access to innovative technologies.

Trading terms

FP-Markets is a multi-asset broker. Traders have access to currency pairs, stocks, indices, cryptocurrencies, commodities. The company sets flexible trading conditions, which allows investors to use different investment strategies, both short-term and long-term. To increase the potential profit, it is possible to use the leverage, the size of which at FP Markets reaches the ratio of 1:500.

FP Markets broker offers opportunities for automated trading. Among the available services is MYFxbook AutoTrade. This platform is designed to automate the trading process. With its help traders can trace concluded deals, conduct statistical analysis, control the process of making deals. For standard trading, such popular trading terminals as MetaTrader 4 and MetaTrader 5 are available.

Commissions

FP Markets sets trading commissions in the form of spread and swaps. The spread at the broker is floating and starts from 0 pips. This indicator can be influenced by the time of transaction, news release on the financial markets' assets and other factors. Swap is a commission for a deal rollover to the next trading day. The company also provides an opportunity to open a swap-free Islamic account. Of the non-trading commissions an additional fee can be charged for financial operations for deposit and withdrawal of funds.

Types of accounts

FP Markets broker provides several types of trading accounts. There are 2 basic rates which differ in spread size and trading commission per lot. The minimum deposit on these accounts is the same and is 100 AUD. Among the basic rates of FP Markets:

  1. Standard. On this account the spread starts from 1 point and there is no commission for the trading lot.
  2. Raw. This account has a $3 per lot trading commission. Spread on the Raw trading account starts from 0 points.

You can use demo account to practice trading strategies. Demo account is also recommended for beginning traders, who are just learning how to work on financial markets. You do not need to fund a live account. Such option is also suitable for new clients, who want to study the broker's trading conditions and make sure that the broker does not have slippage, sudden spread increases, etc. It is possible to do it, because the conditions on the real and demo account are the same.

Bonus Program

At the moment, the company does not provide bonuses and rewards for active trading. Their absence is compensated by the presence of analytical tools, a platform for copy trading. To receive passive income you can join FP Markets affiliate program.
Training materials

Review of FP Markets broker showed that the broker is interested in teaching traders to invest. The company provides customers with an opportunity to learn the specifics of trading different assets. You can use the dictionary of basic Forex terms, video lessons, online courses, podcasts, and e-books.
In addition to educational materials, an online broker offers tools for technical and fundamental analysis. Using these tools, it is easier to predict where the quotations of a selected asset will move. Economic calendar and Forex calculator are available for traders.

Safety guarantee

FP Markets broker activity is controlled by the financial regulators ASIC and CySEC, as evidenced by the presence of official licenses. This ensures that the company operates according to the regulators' regulations and adheres to the privacy policy. All the personal and financial information of the broker's clients is kept confidential and is stored in closed archives. Every trader registered with FP Markets is verified and verifies his or her identity. It is necessary for the company to prevent fraud from investors.

Fund Deposit and Withdrawal

FP Markets has a wide range of depositing and withdrawal options. Clients of the Forex broker can use Visa and MasterCard, as well as choose to transfer through a bank. Traders also have access to electronic wallets and online payment systems such as Neteller, Skrill, Ngan Luong, PayPal, Online Pay. Banks and payment services can impose financial transaction fees. Clarify this point with your broker's manager before depositing your account.

To obtain the withdrawal access, you should apply for the withdrawal of funds from your trading account beforehand. Usually withdrawal requests are processed within one business day. The speed of withdrawal depends on the chosen method of payment. As a rule withdrawal via bank wire transfer is longer than withdrawal via online systems. Bank wire transfer often takes about a week.

Support service

FP Markets support service works 24 hours a day, 5 days a week. On weekends, consultations from the helpdesk managers are not available. The company provides several convenient ways to contact the technical support team. You can write an email or call by phone. There is a feedback form on the company's website. You can leave your contact information and a manager will contact you.

Personal account overview

Registration on the broker's website

Logging into your personal FP Markets account is available only for registered traders. When logging in you need to leave your contact information and specify your real name and surname. The company establishes obligatory verification, so you can cooperate with the broker only by your real name. This allows the broker to minimize the risk of fraud from clients.

The personal cabinet contains all the necessary information on account management. Traders get access to training materials and analytical tools. The personal cabinet allows to launch the trading terminal, manage trading accounts, track financial transactions for depositing and withdrawing funds.

Contacts

Phone

+44 28 2544 7780

E-mail

[email protected]

Social media

https://www.facebook.com/FirstPrudentialMarkets/, https://twitter.com/FP_markets/, https://www.instagram.com/fpmarketsofficial/, https://www.youtube.com/user/fpmarkets/

Reviews about FP Markets by the company's clients

We have studied reviews of the broker in question on FP Markets reviews on thematic forums and reviewers. Traders note that the broker provides fast withdrawal of funds. Among the positive comments there are responses about the stable work of MetaTrader trading terminals and the variety of assets. One of the reasons for dissatisfaction of FP Markets clients are technical failures in the broker's proprietary terminal.

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