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Pros
- low spreads from 0.0 pips
- Great educational content
- Easy, fast account opening
- Quick deposits and withdrawals
- Fast execution
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FP Markets is a well-established broker since 2005. FP Markets has headquarters in Australia, Cyprus, South Africa, Nigeria and Brazil. FP Markets to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC 286354, CySEC 371/18, FSCA 50926 and FSA (Seychelles).
FP Markets Summary
| 🏢 Headquarters | Australia |
| 📆 Established | 2005 |
| 🗺️ Regulation | ASIC, CySEC, St. Vincent & Grenadines (non-European Countries), FSP, South Africa (FSCA) and Kenya (CMA) |
| 🖥 Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, Iress and cTrader, TradingView. |
| 📉 Instruments | 13,000+ Products Forex, Indices, Commodities, Metals, Cryptocurrencies, Bonds, ETFs |
| 💳 Minimum Deposit | $100 |
| 💰 Deposit Methods | Visa, MasterCard, PayPal, Bank/Wire Transfer, Neteller, Skrill |
| 💰 Withdraw Methods | CZK, PLN, AED on Visa/Mastercard – International Bank Wire – No fees, INR, BRL on Neteller, DragonPay, SticPay, PayTrust88, PerfectMoney, VirtualPay, Rupee, Xpay, LuqaPay, Rapid, Pagsmile, LetKnowPay, Finrax, Pay Retailers |
| 📱 Mobile Trading | Available |
| 🌍 Web Trading | Available |
| 💵Minimum Trade Size | 0.01 |
| 🎢 Maximum Leverage | 1: 500 |
| 🌍 ECN | Available |
| 🤖 Robots | Available |
| 🎯 Scalping | Allowed |
| ☎ Customer Support | 24/7 |
Account Information
Apart from the forex demo account, this broker offers RAW and Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FP Markets is up to 1: 500 Meanwhile, you can open an account with a starting capital of $100.
Fees
Some accounts offer commission-free trading, whereas others may charge slightly higher fees with higher spreads for currency pairs. In Zero Account, for example, traders will receive spreads as low as 0.1 pips, but a commission will apply. Equity CFDs and ETFs carry a commission. Commission charges depend on the monthly trading volume of each trader. Admirals charge swap or rollover interest on overnight positions.
Admirals introduced an inactivity fee after 24 months with a monthly fee of €10 and does levy a 1% currency conversion charge. Third-party deposit and withdrawal fees may apply.
Instruments Traded
Besides lots of currency pairs, FP Markets also offers some instruments you would like to trade on, such as Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver and Bonds for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Payment Methods
Money can be transferred via a variety of different mediums. Here are deposit and withdrawal informations on FP Markets:
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don’t have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients’ fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
FP Markets also provides payment with Apple Pay, Zcash, USD Coin (USDC), Tether (USDT), Ripple, Perfect Money, Local bank transfer, Litecoin, Google Pay, Ethereum, Dragonpay, Dash, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.
Customer Support
Do you have any question or find any trouble related to FP Markets? If you do, you should reach FP Markets’s support to get the information that you need.
