Introduction
FP Markets, established in 2005, is an Australian-based forex and CFD broker known for its robust trading platforms and extensive financial product offerings. Founded with the vision to provide traders with transparent access to global markets, FP Markets has grown to become a trusted name in the industry.
The broker operates under stringent regulatory frameworks, including oversight from the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with international standards and providing clients with peace of mind regarding the safety of their funds.
FP Markets offers a diverse range of trading instruments, including forex pairs, indices, commodities, and cryptocurrencies, enabling traders to diversify their portfolios and capitalize on various market opportunities. The platform supports advanced trading technologies such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IRESS platform, known for their reliability, speed, and comprehensive analytical tools.
Expert Analysis
FP Markets stands out in the competitive brokerage industry with its commitment to offering a wide range of trading instruments and maintaining high standards of service. Our analysis highlights FP Markets’ dedication to providing a secure and efficient trading environment.
The broker operates under the regulation of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring stringent regulatory oversight and client protection.
FP Markets offers an extensive array of trading instruments, including forex pairs, indices, commodities, and cryptocurrencies. This diverse selection allows traders to diversify their portfolios and capitalize on various market opportunities. Traders have access to advanced trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IRESS platform, known for their reliability, advanced features, and flexibility.
FP Markets places a strong emphasis on trader education, providing a variety of educational resources including webinars, tutorials, and market analysis. These resources are designed to empower traders with the knowledge and skills needed to navigate the financial markets effectively.
The Pros and Cons
PROS
✓Regulated by ASIC and CySEC
✓Wide range of trading instruments
✓Advanced trading platforms (MT4, MT5, IRESS)
✓Comprehensive educational resources
✓Competitive trading conditions
CONS
−Limited research tools compared to some competitors
−Higher minimum deposit requirement for certain account types
Is FP Markets Right for You?
FP Markets caters to a diverse clientele, from beginners to experienced traders, offering competitive trading conditions and robust educational support. Whether you are starting your trading journey or looking to enhance your skills, FP Markets provides the necessary tools and resources to support your trading goals.
What Sets FP Markets Apart?
FP Markets distinguishes itself through several key factors:
01Dual Regulatory Oversight
Regulated by ASIC in Australia and CySEC in Cyprus, FP Markets ensures adherence to strict regulatory standards.
02Extensive Trading Instruments
FP Markets offers a broad range of trading instruments, allowing traders to diversify their trading strategies.
03Advanced Trading Platforms
With MT4, MT5, and IRESS, FP Markets provides versatile platforms suitable for various trading styles and preferences.
04Educational Resources
FP Markets offers comprehensive educational resources to empower traders with market insights and trading skills.
05Competitive Trading Conditions
FP Markets provides competitive spreads, fast execution, and efficient order processing to enhance trading efficiency.
Main Features
Regulations
Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA), South Africa Financial Services Authority (FSA), Seychelles Capital Markets Authority (CMA), Kenya
Products
Currencies Stocks Crypto Indices Commodities
Deposit Options
Bank Wire Credit/Debit Cards Skrill Neteller
Headquarters Country
Australia
Trust and Safety
FP Markets prioritizes trust and safety by adhering to strict regulatory standards and implementing robust client protection measures. The broker ensures transparency in its operations and safeguards client funds through secure banking practices and regulatory compliance.
Regulation
ENTITY & REGULATORLICENSE / REGISTRATIONRATING
First Prudential Markets Pty Ltd
Australian Securities and Investments Commission (ASIC)
286354
286354
TIER 1
FP Markets Ltd
Cyprus Securities and Exchange Commission (CySEC)
—
TIER 1
FP Markets (Pty) Ltd
Financial Sector Conduct Authority (FSCA), South Africa
—
TIER 2
FP Markets LLC
Financial Services Authority (FSA), Seychelles
—
TIER 3
FP Markets (Kenya)
Capital Markets Authority (CMA), Kenya
—
TIER 2
TIER RATINGS ARE FXCOINZ'S ASSESSMENT OF EACH REGULATOR. TIER 1 IS THE STRICTEST.
Is FP Markets Safe to Trade With?
FP Markets offers a secure trading environment under the oversight of ASIC. Client funds are held in segregated accounts with trusted financial institutions. The broker also provides negative balance protection, ensuring clients do not lose more than their deposited funds.
Commission and Fees
FP Markets offers a transparent commission and fee structure designed to suit different trading styles and preferences.
Commission and Fees Overview
Spread-Based Trading
FP Markets operates primarily on a spread-based model, where traders pay the difference between the bid and ask prices for each trade executed. Spreads are competitive and vary across different asset classes and account types.
Account Types
FP Markets offers various account types, including Standard, Raw Spread, and Islamic accounts. Each account type has different spreads and commissions, catering to the needs of different traders.
Additional Fees
Traders should be aware of potential overnight financing charges (swap rates) for holding positions overnight. These charges vary by asset class and prevailing market conditions. FP Markets provides detailed information on all fees and charges on its website for transparency.
Transparency
FP Markets maintains transparency in its fee structure, providing clear and detailed information on spreads, commissions, and other applicable fees. This transparency helps traders calculate their trading costs accurately.
FP Markets is committed to providing a secure and transparent trading environment, supported by its regulatory compliance and client-focused approach.
Deposit & Withdrawal Options
FP Markets provides a range of deposit and withdrawal options to accommodate the needs of its global clientele. Here are the main options available:
METHODDEPOSITWITHDRAWAL
Bank Wire✓—
Credit/Debit Cards✓—
Skrill✓—
Neteller✓—
Same as deposit options—✓
Bank Transfers
Supports both local and international bank transfers. Allows traders to deposit and withdraw funds directly from their bank accounts. Bank transfers are suitable for larger transactions and provide a secure method for fund transfers.
Credit/Debit Cards
Accepts major credit and debit cards such as Visa and Mastercard. Provides instant funding for trading accounts. Convenient for smaller deposits and immediate access to trading funds.
Electronic Payment Methods
Includes popular electronic wallets such as Neteller, Skrill, and PayPal. Offers fast processing times for deposits and withdrawals. Preferred by traders looking for convenience and efficiency in managing their funds.
Cryptocurrency Deposits
FP Markets supports cryptocurrency deposits using Bitcoin (BTC) and Ethereum (ETH). Provides an alternative method for traders who prefer the security and anonymity of blockchain transactions.
Other Payment Methods
Depending on the trader's location, FP Markets may offer additional payment methods such as China UnionPay (CUP) for clients in China. These deposit and withdrawal options offered by FP Markets aim to provide flexibility and convenience for traders globally. Each method is designed to meet different preferences regarding speed, security, and accessibility, ensuring that traders can effectively manage their trading funds according to their needs.
Tradable Instruments
FP Markets offers a diverse range of tradable instruments across multiple asset classes, providing options that cater to various trading strategies and preferences:
Forex (FX) Pairs
Traders can access a wide array of major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs. FP Markets offers competitive spreads and rapid execution to facilitate trading in the forex market.
Commodities
FP Markets provides trading opportunities in popular commodities including gold (XAU/USD), silver (XAG/USD), crude oil (WTI and Brent), natural gas, and other metals and energies. This allows traders to diversify their portfolios and hedge against inflation and geopolitical uncertainties.
Indices
Trading is available on major global indices such as the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225. Traders can speculate on the performance of international equity markets with FP Markets' competitive pricing and efficient trading conditions.
Shares (Stocks)
FP Markets offers access to a wide range of individual stocks from major companies listed on global exchanges. Traders can trade shares of well-known companies and capitalize on movements in the stock market.
Cryptocurrencies
Popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are available for trading. FP Markets allows traders to participate in the dynamic cryptocurrency market with competitive spreads and efficient execution.
Bonds
FP Markets supports trading in government bonds (e.g., US Treasury bonds) and corporate bonds. This provides traders with opportunities to diversify their portfolios with relatively lower-risk assets.
Futures
Traders can access futures contracts on various underlying assets including commodities, indices, and currencies. FP Markets offers futures trading for speculative purposes and hedging against future price movements.
Contracts for Difference (CFDs)
FP Markets provides CFDs across all the aforementioned asset classes. CFDs enable traders to speculate on price movements without owning the underlying assets, offering flexibility and leverage in their trading strategies.
Overall, FP Markets offers a comprehensive selection of tradable instruments suitable for traders of all levels, supported by competitive trading conditions, advanced platforms, and efficient execution to meet diverse trading needs across global financial markets.
WHAT ARE CFDS?
A Contract for Difference (CFD) is a financial derivative that enables traders to speculate on price movements in various financial markets without owning the underlying asset. With CFDs, traders can take advantage of both rising and falling markets by entering into contracts with brokers like XM.
What Can You Trade with FP Markets?
ASSET CLASSEXAMPLE INSTRUMENTS
Forex (FX) Pairs
EUR/USD GBP/USD USD/JPY AUD/USD etc.
Commodities
Gold (XAU/USD) Silver (XAG/USD) Crude Oil (WTI Brent) Natural Gas etc.
Indices
S&P 500 NASDAQ 100 FTSE 100 DAX 30 Nikkei 225 etc.
Shares (Stocks)
Apple Google Facebook Tesla Amazon etc.
Cryptocurrencies
Bitcoin (BTC/USD) Ethereum (ETH/USD) Litecoin (LTC/USD) Ripple (XRP/USD) etc.
Bonds
US Treasury Bonds German Bunds UK Gilts etc.
Futures
Commodities futures (e.g. Gold Crude Oil) Stock Index futures (e.g. S&P 500) Currency futures (e.g. EUR/USD) etc.
ETFs
Exchange-Traded Funds tracking various indices and sectors
CFDs
Contracts for Difference across all the above asset classes
Account Types
FP Markets offers a range of account types designed to accommodate various trading needs and preferences:
01
Standard Account
This account type is suitable for most traders and offers competitive spreads without any commissions. It is designed for traders who prefer straightforward trading conditions.
02
Raw Account
The Raw Account is tailored for traders looking for tighter spreads and faster execution speeds. It charges a small commission per trade but offers institutional grade pricing with no dealing desk intervention.
03
Islamic Account
FP Markets also provides Islamic accounts that comply with Sharia law principles. These accounts operate without swap or interest charges, making them suitable for Muslim traders who wish to trade in accordance with their religious beliefs.
04
Demo Account
Traders can open a demo account with FP Markets to practice trading strategies and familiarize themselves with the trading platform without risking real money.
Each account type at FP Markets is designed to offer specific trading conditions and benefits, catering to different trading styles and preferences from retail traders to institutional clients.
Registration and Account Opening
1Visit the FP Markets Website: Open your web browser and navigate to the official FP Markets website.
2Locate the Registration Section: Look for the "Open Account" or "Register" button prominently displayed on the homepage or in the main menu. Click on it to start the registration process.
3Choose Your Account Type: FP Markets offers different account types to cater to various trading needs, including Standard, Raw, and Islamic accounts. Select the account type that best suits your trading preferences and click on "Apply Now" or "Open Account".
4Fill Out the Registration Form: You will be directed to a registration form. Provide accurate personal information including: Full name, Date of birth, Email address, Phone number, Country of residence, and Preferred account type (Standard, Raw, Islamic, etc.)
5Verify Your Email and Phone Number: After completing the registration form, FP Markets will send a verification email to the address you provided. Follow the instructions in the email to verify your email address. You may also receive an SMS with a verification code for your phone number.
6Complete Additional Information: Depending on regulatory requirements, you may need to provide additional personal details such as your residential address, employment status, and financial background.
7Upload Identification Documents: FP Markets requires verification of your identity and address. Prepare the following documents for upload: Proof of identity: Passport, national ID card, or driver's license. Proof of address: Utility bill, bank statement, or government-issued document containing your address. Scan or take clear photos of these documents and upload them securely through FP Markets' online portal.
8Wait for Account Approval: FP Markets will review your application and documents. This process typically takes a few business days. You will receive an email notification once your account is approved.
9Fund Your Account: Once your account is approved, log in to your FP Markets account and navigate to the deposit section. Choose your preferred deposit method (e.g., bank transfer, credit/debit card, electronic payment) and follow the instructions to fund your account.
10Start Trading: After funding your account, you can log in to the FP Markets trading platform using the credentials provided during registration. Explore the platform, access a wide range of tradable instruments, and start trading according to your trading strategy.
11Optional: Set Up Additional Security Measures: Consider enabling two-factor authentication (2FA) through FP Markets' account settings for enhanced security.
Following these steps will enable you to successfully register and open an account with FP Markets, allowing you to participate in global financial markets with confidence and ease.
Restricted Countries
FP Markets restricts clients from certain jurisdictions due to regulatory reasons. The specific restricted countries typically include the United States and Japan. These restrictions are enforced to comply with local financial regulations governing the provision of trading services. Traders from these jurisdictions are generally unable to open accounts or trade with FP Markets. It's recommended that individuals verify current restrictions directly with FP Markets or through official communications to ensure compliance with regulatory policies before attempting to engage in trading activities.
FULL LIST7 COUNTRIES & TERRITORIES
United States of AmericaAustraliaJapanNorth KoreaIranIraqBelgium
FP Markets offers a variety of trading platforms to cater to different trading styles and preferences. These include:
MetaTrader 4 (MT4):
- MT4 is a widely popular trading platform known for its user-friendly interface and advanced charting capabilities.
- It supports automated trading through Expert Advisors (EAs) and offers a wide range of technical indicators and charting tools.
- MT4 is suitable for traders of all experience levels and allows for precise order execution.
MetaTrader 5 (MT5):
- MT5 is the successor to MT4 and offers additional features such as more timeframes, economic calendar integration, and depth of market (DOM) access.
- It provides advanced analytical tools and supports trading of a wider range of financial instruments.
- MT5 is preferred by traders looking for enhanced trading functionalities and execution speed.
IRESS:
- IRESS is a comprehensive trading platform designed for professional traders and institutional clients.
- It offers advanced charting, real-time market data, and sophisticated order management capabilities.
- IRESS is known for its depth of market (DOM) features and customizable trading interface.
WebTrader:
- FP Markets provides a web-based trading platform that allows traders to access their accounts and trade directly from their web browser.
- WebTrader offers intuitive navigation, real-time charting, and access to a range of trading tools.
- It is ideal for traders who prefer trading on-the-go without the need for software installation.
Mobile Trading Apps:
- FP Markets offers mobile trading apps for iOS and Android devices, providing traders with the flexibility to manage their accounts and trade on mobile devices.
- The mobile apps offer full functionality, including real-time quotes, interactive charts, and comprehensive order management tools.
These trading platforms offered by FP Markets cater to a wide range of trading needs, from beginners to advanced traders and institutional clients. They are known for their reliability, advanced features, and robust execution capabilities, making FP Markets a popular choice among traders seeking a diverse and flexible trading environment.
Here are the key aspects of the trading platforms offered by FP Markets:
MetaTrader 4 (MT4):
User-Friendly Interface
MT4 is renowned for its intuitive and easy-to-navigate interface, making it accessible for traders of all experience levels.
Advanced Charting Tools
Offers a wide range of technical indicators, chart types, and timeframes for detailed market analysis.
Automated Trading
Supports algorithmic trading through Expert Advisors (EAs), allowing traders to automate their trading strategies.
Customizable
Allows traders to customize charts, indicators, and trading parameters to suit their trading preferences.
MetaTrader 5 (MT5):
Enhanced Features
MT5 builds upon MT4 with additional timeframes, order types, and economic calendar integration.
Depth of Market (DOM)
Provides transparency with access to market depth information, showing liquidity levels beyond the standard bid and ask prices.
Advanced Charting
Offers more technical indicators and analytical tools compared to MT4, catering to traders with complex trading strategies.
Multi-Asset Platform
Supports trading across various asset classes, including forex, commodities, stocks, and cryptocurrencies.
IRESS:
Professional Grade Platform
Designed for institutional clients and professional traders seeking advanced trading features.
Real-Time Market Data
Provides real-time market data and news updates to make informed trading decisions.
Customizable Interface
Offers customizable layout and trading tools to accommodate individual trading preferences.
Depth of Market (DOM)
Displays depth of market information, allowing traders to view market liquidity and trade directly with liquidity providers.
WebTrader:
Accessibility
Allows traders to access their accounts and trade directly from any web browser without needing to download or install software.
Real-Time Charting
Provides interactive charts with multiple timeframes and technical analysis tools for on-the-go trading.
One-Click Trading
Facilitates fast order execution directly from the charts or trade tickets for quick decision-making.
Mobile Trading Apps:
Convenience
iOS and Android mobile apps offer flexibility to trade on-the-go from smartphones and tablets.
Full Functionality
Provides real-time quotes, interactive charts, and comprehensive order management tools.
Push Notifications
Alerts traders about market movements and order status updates to stay informed.
These key aspects highlight the robust features, advanced capabilities, and user-friendly interfaces of the trading platforms offered by FP Markets. Traders can choose from a variety of platforms tailored to their trading needs, whether they prefer automated trading, advanced charting, real-time market data, or mobile trading flexibility.
Research and Education
FP Markets is dedicated to providing traders with a robust set of research and educational resources to empower them at every stage of their trading journey. The platform offers a comprehensive range of tools, analysis, and educational materials designed to enrich traders’ knowledge and enhance their decision-making abilities.
Research
Traders on FP Markets have access to a wealth of research resources, including:
Market Analysis
Daily and weekly market analysis reports covering major financial instruments. These reports offer insights into market trends, key events, and trading opportunities.
Technical Analysis
In-depth technical analysis reports providing insights into price movements, chart patterns, and technical indicators. This helps traders make informed decisions based on technical factors.
Economic Calendar
A detailed calendar of upcoming economic events and their potential impact on the markets. This tool helps traders anticipate market movements based on scheduled events.
News Feed
Real-time news updates from leading financial news sources. The news feed keeps traders informed about the latest developments in global markets.
Education
FP Markets offers a robust suite of educational resources aimed at helping traders of all skill levels:
Webinars
Regular webinars hosted by industry experts covering a variety of trading topics. These interactive sessions allow traders to learn from professionals and ask questions in real-time.
Tutorials
Video tutorials and step-by-step guides on using trading platforms, executing trades, and implementing various trading strategies. These resources are designed to help traders get up to speed quickly.
Ebooks
Comprehensive ebooks on forex and CFD trading, risk management, technical analysis, and market psychology. These ebooks provide in-depth knowledge and practical tips for traders.
Blog
Informative blog posts discussing market trends, trading strategies, industry news, and trader psychology. The blog offers valuable insights and keeps traders updated on market developments.
FAQs
5 QUESTIONSIs FP Markets regulated?
Yes, FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
What trading platforms does FP Markets offer?
FP Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS trading platforms.
What is the minimum deposit required to open an account with FP Markets?
The minimum deposit required is $100.
Does FP Markets offer a demo account?
Yes, FP Markets offers a demo account for traders to practice and familiarize themselves with the platform.
What types of accounts are available at FP Markets?
FP Markets offers Standard, Raw, Islamic, and IRESS accounts.
Customer Support
FP Markets prioritizes customer satisfaction by offering comprehensive support services to assist traders with their inquiries, technical issues, and account-related queries. The broker provides various communication channels to ensure that traders can access assistance conveniently.
Live Chat
FP Markets provides live chat support, allowing traders to connect with customer support representatives in real-time. The live chat feature is accessible through the FP Markets website and trading platforms, providing prompt responses to questions and concerns.
Email Support
Traders can contact FP Markets customer support via email. The broker offers dedicated email addresses for different types of inquiries, including technical support, account verification, and general questions. The email support team strives to respond promptly and provide detailed assistance.
Phone Support
FP Markets offers phone support during business hours, enabling traders to speak directly with support agents. The phone numbers for FP Markets customer support are available on the broker’s website, allowing traders to discuss their issues or questions in detail.
FAQs and Knowledge Base
FP Markets maintains an extensive FAQ section and knowledge base on its website, covering various topics related to trading, account management, and platform features. Traders can find answers to common questions and solutions to issues by browsing through the FAQs and articles.
Overall Impression
FP Markets demonstrates a commitment to providing excellent customer support services to its clients. With multiple communication channels, including live chat, email, and phone support, traders can access assistance conveniently. The prompt and effective customer support contributes to enhancing the overall trading experience, fostering trust and confidence in FP Markets’ services.
Conclusion
FP Markets stands out as a reliable and competitive broker in the forex and CFD trading industry. With a strong regulatory framework, competitive trading conditions, advanced platforms, and extensive educational resources, FP Markets is well-suited for traders of all experience levels. Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced tools and tight spreads, FP Markets offers a robust and secure trading environment.
Trading Features
13 OF 14 SUPPORTEDOCO Orders✕ NO
Offers Hedging✓ YES
Automated Trading✓ YES
API Trading✓ YES
Guaranteed Stop Loss✓ YES
Guaranteed Limit Orders✓ YES
Guaranteed Fills / Liquidity✓ YES
Economic Calendar✓ YES
Trading From Chart✓ YES
One-Click Trading✓ YES
Expert Advisor✓ YES
Social Trading✓ YES
Autochartist✓ YES
Trading Signals✓ YES
Further Information
24 Hours Support✓ YES
Support During Weekends✓ YES
Live Chat✓ YES
Daily Market Commentary✓ YES
News (Top-Tier Sources)✓ YES
Webinars✓ YES
Deposit Fee✓ NONE
Withdrawal Fee✓ NONE
Inactivity Fee✓ NONE
Publicly Traded✕ NO
Platform Languages
English Chinese Spanish Vietnamese Indonesian
Crypto
Bitcoin Ethereum Litecoin Ripple Bitcoin Cash
Products
Currencies Stocks Crypto Indices Commodities
Customer Support Quality
Generally rated highly by users for responsiveness and helpfulness
Educational Resources
Offers a range of educational materials including tutorials, articles, and webinars
Research Tools
Provides comprehensive market analysis tools, including technical indicators and trading signals
Mobile Trading
Offers mobile trading apps for iOS and Android with excellent performance and usability
Security Measures
Implements strong security protocols including SSL encryption and two-factor authentication
Trading Contests/Promotions
Occasionally runs trading contests and promotional offers for clients
Community and Social Features
Provides a social trading platform and community forums for traders to interact and share insights
Platform Stability and Uptime
Known for stable trading platforms with minimal downtime and interruptions
PHONE · AUSTRALIA
+61 2 8252 6800
CONTACT
International phone numbers available on FP Markets' official website
LIVE CHAT
Available on FP Markets' website
HEADQUARTERS
Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000, Australia
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This review includes partner links.
