FP Markets is a one-stop-shop for all your trading needs providing a diverse range of financial instruments including indices, commodities, currencies, shares, and more. Based in Australia and regulated by ASIC, FP Markets is a safe bet for all your trading endeavors. With their razor-sharp spreads, lightning-fast execution, and user-friendly platform, they have all the tools to help you succeed. And if you need assistance, FP Markets’ educational resources and customer support team are always available to lend a guiding hand.
Let’s take a deep dive into the review of FP Markets, examining the different aspects of their services including offered trading accounts, platforms, and trading conditions. We’ll also look at the assets available for trade, deposit and withdrawal methods, and regulatory aspects of forex trading with a broker licensed in Australia and Europe such as FP Markets.
FPMarkets regulation and safety of funds
Look, trading may be stressful and overwhelming on its own. That is why your most crucial decision is to find a trusted partner to deal with. With FP Markets you can rest easy knowing that you’ll be dealing with a genuine and dependable partner, not some fly-by-night broker. FP Markets is truly leading the pack and establishing the industry standard.
Established in 2005, FP Markets is a trusted name in the industry with a group of companies that include First Prudential Markets Pty Ltd, a Sydney-based company that falls under the Australian Securities & Investments Commission (ASIC); First Prudential Markets Ltd, a Cyprus-based company regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as FP Markets LLC, an entity registered in Saint Vincent and the Grenadines (SVG). Therefore, when it comes to its clients’ funds’ security, FP Markets plays by the book!
Have a look:
To get a clear image of the protections you may anticipate from CFD and FX brokers registered by ASIC and CySEC, look no further. We’ve compiled a list of the key regulatory requirements that legitimate brokers must adhere to, giving you a better understanding of why FP Markets is topping the list when it comes to reliability and security.
|Cyprus brokers||Australian forex brokers|
|Client funds segregation||Yes||Yes|
|Compensation scheme||Up to EUR 20,000||No|
|Leverage restriction||up to 1:30||up to 1:30|
|Minimum capital requirement||EUR 730 000||AUD 1 000 000|
|Client orders reporting||Yes||Yes|
|Negative balance protection||Yes||Yes|
But it’s not just their regulation that sets them apart from the pack. They’ve racked up an impressive collection of over 40 industry awards, including ‘Best Trade Execution’, ‘Best Customer Service’, and ‘Best Value for Money’. Even more, FP Markets was also awarded Best Global Value Broker 2022 at the 2022 Global Forex Awards for a whopping 4 years in a row.
FPMarkets trading software
When it comes to ultimate trading experience, safety and top-notch technology go hand in hand. And with FP Markets you get the best of both worlds. Investors of all skill levels can benefit from FP Markets’ selection of top-tier trading software. Whether you’re a seasoned pro or just getting started, FP Markets provides all the tools you need to get the most out of your trading journey.
FP Markets allow traders to choose from their offered trading software including MetaTrader 4, MetaTrader 5, Iress, WebTrader, and Mobile app.
Here are some prominent features carried by each platform available with FP Markets:
MetaQuotes revolutionized the forex market with their innovative MT4 platform, quickly becoming the dominant player in the industry. FP Markets’ MT4 gives you access to your account in a number of different forms, including a desktop version, a web-based version, and a Mobile app. Therefore, you can pick the one that best suits your needs.
The MetaTrader 4 (MT4) Platform offers a range of features including:
- The ability to customize the interface, including the color of technical indicators
- One-click trading for ease and convenience
- A MarketWatch feature to keep track of market movements
- Live price streaming on both live and demo accounts
- 128-bit encryption for secure trading
- Compatibility with iOS, Android, and Mac devices
- Expert Advisors (EAs) for automated trading
- Customizable alerts for keeping track of important market events
- Access to the MetaTrader market and MQL4 community for additional resources
It’s also worth highlighting that FP Markets has teamed hands with the cream of the crop in forex liquidity providers to ensure deep liquidity and give traders up-to-the-minute real-time price quotations for a myriad of tradable instruments.
Upgrading to the next level comes in the form of MetaTrader5 carries all of the MT4 features plus:
- Market Depth and powerful technical indicators to get the complete picture
- 6 pending stop order types, including Buy Stop Limit and Sell Stop Limit for advanced traders
- Algorithmic trading made easy with an improved strategy tester for expert advisors (EAs)
- Built-in market of trading systems & apps to take your trading to the next level
- Built-in economic calendar with important events that can impact the market
- Trading functions and alerts sent directly to your mobile devices
- Achieve precision in forex and CFD trading through trading robots for scalpers
- Forex Signals and Copy Trading to follow the best-performing traders
- 21 time frames and 8 order types for the ultimate trading flexibility
Iress is FP Markets’ web-based trading powerhouse that offers lightning-fast execution, a plethora of order types, and risk management tools like stop-loss. Whether you’re a seasoned trader or just starting out, Iress has everything you need to succeed.
- Automatic data sync between Iress Trader and Iress ViewPoint to keep your trading platforms in sync with minimal effort.
- Compatible with the latest browser versions to access the platform on any browser for optimal performance
- Module linking to easily navigate and access the features you need
- Intuitive interface that makes trading easy
- Stay up-to-date with real-time alerts directly on your browser
- Manage multiple portfolios and make informed trades
- Real-time price streaming to stay ahead of the market with real-time price updates
- Access to genuine exchange pricing and market depth to make trades with accurate market information.
FPMarkets trading conditions
To begin with, traders at FP Markets can choose from a wide variety of opportunities, since their platforms provide access to more than 13,000 different trading instruments. t This buffet of choices includes a variety of options such as over 60 currency pairs, commodities including coffee, natural gas, corn, and more; 19 major global indices; more than 10,000 stocks on global exchanges, precious metals, and even cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum. A truly worldwide marketplace!
Additionally, FP Markets provides four trading account options grouped into two main categories, based on the trading platforms available. Even more, they offer a demo accounts for clients to practice trading with virtual money before committing real funds.
FP Markets/ MetaTrader Accounts
FP Markets clients who opt for MetaQuotes’ popular trading platforms have a choice of two account types: a Standard and Raw account. The initial deposits required to sign up on their MT accounts are quite affordable at just 100 AUD. This low minimum deposit requirement makes it easy for anyone to start trading on the Forex market. Thus, traders don’t have to break the bank to dive into the sea of trading.
Additionally, both MT account types provide ultra-tight spreads starting as low as 0.1 pips on a Standard account and 0.0 pips on a Raw. However, while the Standard account is commission free, the Raw involves a commission per lot of USD 3.
As for the leverage , FP Markets provides generous leverage of up to 1:500. High leverage is a great tool that allows investors to trade with times larger amounts than their initial deposit, therefore it can magnify their profits. On the other hand, novice traders should be careful when using high leverage as if the market moves against their position, they may lose a lot. However, FP Markets provides negative balance protection to ensure its clients’ account never becomes negative.
It’s also worth mentioning that FP Markets’ Raw account offers Electronic Communication Network (ECN) pricing. The term ECN refers to a computer system that electronically matches buy and sell orders, doing away with the need for a middleman in the order execution process. In layman’s terms, when a trader signs up for ECN execution, he receives direct access to the same price feed as other players in the forex market, such as other individual traders, brokers, or banks. Therefore, the broker acts as a facilitator only, so there shouldn’t be any conflicts of interest.
FP Markets/ IRESS Accounts
When it comes to their IRESS accounts, FP Markets has a lot to offer.
For starters, with FP Markets’ IRESS you’ve got a choice between a Retail account and a Wholesale/Professional account.
To sign up for each IRESS account option, FP Markets requires traders to make an initial deposit of at least USD 1000. Compared to their MetaTrader accounts, IRESS’ are a little costlier.
However, the Iress accounts come with some perks such a direct market access (DMA) pricing. DMA is an execution model in which the client receives an authentic exchange price feed directly from the order books of the underlying market in which they are trading. The DMA model facilitates order flow onto the underlying market, as well as exposure to leverage, short selling, and low commissions. FP Markets’ IRESS trading platform is the sole location where DMA pricing can be accessed for ETPs.
Even more, FP Markets IRESS accounts provides another fantastic feature – Multi-Account Manager MAM and Percentage Allocation Management Module Manager (PAMM) accounts. MAM and PAMM accounts are a type of forex trading where investors pool their money together and a money manager trades the combined funds on their behalf. Overall, PAMM and MAM accounts can provide investors with the opportunity to potentially earn higher returns on their investments while minimizing risk.
FPMarkets affiliate and introducing broker programs
Bear in mind that FP Markets does not offer bonuses as they are a fully-regulated broker which goes by the book and abides by the strict regulations of both the EU and Australia, where bonuses are banned. However, it leads the pack with its Affiliate and Introducing broker programs.
FP Markets Affiliate Program offers an opportunity for online professionals, including bloggers, digital marketers, email marketers, mobile marketers, media buyers, social media commentators, and website publishers, to direct traders to FP Markets’ platform and earn a commission. By joining the program, they can earn a flat commission fee for every active trader that opens an account with FP Markets.
Introducing Broker (IO)
FP Markets’ Introducing Broker (IB) program is designed to reward introducers for referred clients. With its competitive, volume-based rebate structure and low barriers to entry, FP Markets is an excellent partner for IBs of all sizes and expertise
FPMarkets deposit/withdrawal methods and fees
FP Markets allow a variety of payment methods, such as credit/debit cards (VISA and MasterCard), e-wallet payment systems including Neteller, Skrill, Perfect Money, and many more, Google pay, Apple pay, bank wire, etc. You name it, they got it. Therefore, depositing funds into your FP Markets account is a breeze.
FPMarkets trading education
Power often comes in the shape of knowledge, therefore FP Markets offers trading education to empower its clients. The company understands that everyone learns differently, which is why they offer a variety of educational materials to cater to different learning style. Their Trading Academy provides resources such as webinars, e-books, podcasts, events, trading glossary, trading guides, as well as platform tutorials on a variety of topics, including technical analysis, trading strategies, and risk management.
With a reputation for trustworthiness and reliability, FP Markets is a top choice for FX and CFD trading. Regulated by both ASIC and CySEC, they provide a secure environment for clients’ funds and personal information. Offering a diverse selection of trading instruments and user-friendly platforms, they are a solid partner for those looking to navigate the FX and CFD market with confidence.
|CySEC and ASIC regulated||High minimum deposit requirement on IRESS accounts|
|Long-standing history of operation|
|Attractive trading conditions|
|Accepts multiple deposit methods|
|Affordable minimum deposit requirement on MT accounts|