This guide sheds light upon FP Markets, a CFD and forex broker founded in 2005 in Australia. With over 15 years of trading experience, the broker is considered top tier. The company is regulated by the ASIC, the CySEC and registered of St. Vincent & the Grenadines. The broker offers a wide range of asset classes to trade, including forex, shares, indices, commodities and cryptocurrencies. Thanks to competitively tight spreads, FP Markets allows its clients to choose from great options like MetaTrader platforms, web and mobile applications. The broker offers fast execution with very competitive trading costs. From demo account to platforms tutorials and educations resources like ebooks and webinars, FP Markets is one of a kind broker for every trader.
Established and regulated since 2005, FP Markets is a global Forex and CFD broker. They pride themselves on delivering an exceptional trading experience and have been recognised as one of the leading Global Forex Brokers on multiple occasions.
Trading with FP Markets has its own pros and cons. The broker offers up to 10,000 instruments to trade at low costs. The customers’ support is super friendly and just a few clicks away. No minimum deposit is needed to register with the broker, and the resources are easy to navigate. To trade CFDs and stocks, the clients need to have a minimum balance of at least $100. On top of that, trading CFDs and stocks with this broker requires a small commission costs, depending on the accout type. The broker is currently not listed on any stock exchange and does not hold a banking license, which shouldn’t be an issue for the majority of investors.
- Large selection of financial instruments
- Raw spreads and rapid execution speeds
- No minimum deposit or deposit fee
- Fast account setup
- Seamless deposits and withdrawals
- A decent number of account base currencies
- Faster communication with Live Chat and Email
- Demo Account
- Educational Videos and AutoChartist
- MAM and PAMM accounts
- Social Trading
- ECN Account
- Islamic Account
- Minimum deposit of $100 AUD for standard and raw account
- Minimum deposit of $1000 AUD for Iress account
- Some withdrawal options charge fee
- Clients from the US not accepted
FP Markets poses a unique portfolio with a large number of asset classes under its radar. Considering the need of its clients to diversify their portfolios, the broker offers supreme liquidity of forex instruments, 10,000 stocks that are traded on the Australian stock exchange, stock CFDs of almost all the famous companies in the world, commodities CFDs, global stock indices CFDs and everyone’s favourite cryptocurrencies. The broker facilitates its clients to trade the mentioned asset classes with its cutting edge ECN and Iress and the ease of super-fast execution with tight spreads. FP Markets has superiority over its competitors in offering CFDs. Due to the increasing demands of cryptocurrencies, the company started with a few popular cryptocurrency instruments. However, it is working on adding more cryptocurrencies CFDs to provide a wider range. The point is one can trade cryptocurrencies CFDs with this broker without having a crypto wallet. The broker lags in offering some asset classes like options, funds, bonds and ETFs.
FP Markets Instruments Summary
|Instruments||FP Markets||Interactive Brokers||Saxo Bank|
FP Markets Intruments Summary with Trading Platforms
|Instruments||MT4||MT5||WebTrader||Iress||Mobile Trading App|
FP Markets lets its client choose the environment they want to trade in. Clients can choose to enjoy commission-free trading with a standard account. On the other hand, clients with greater investments can pay well-defined commissions on trading with a raw account. It’s worth mentioning that the broker charges competitive costs in terms of commission and fees. Investors who are keen to trade stocks will find FP Markets very cost effective with its Iress account. Investors with considerable volumes, such as $25,000, $50,000, are charged monthly fees of $55 on the Iress/ViewPoint traders. Clients trading large volumes get a monthly rebate. A cashback rebate is provided to those clients for each round turn lot.
|Instruments||Standard Account||ECN Raw Account||Iress|
|Forex||$0||$3 per lot one side||$0|
|Stocks||$0||$3 per lot one side||From 0.08% / $0.02|
FP Markets offers reasonably tight spreads to its clients. The spread varies from account to account. Spread for a standard account starts from 1.0, and for a raw account, one can start on a zero spread.
Deposit and Withdrawal Fees
The broker offers a handful of payments methods for deposits and withdrawals for its worldwide clients. The broker does not require any deposit fees on its funding methods except the blockchain charges on cryptocurrencies deposits. Depending on the transaction method used, it can take anywhere from instant to 3-7 working days for deposits to appear in your account. The broker lags a little bit in providing attractive offers to its clients when it comes to withdrawal. Depending on the transaction method used, it can cost from nothing to 7.25% of the transaction and be instant or take 2 business days to appear in your account.
|Payment Method||Deposit Fee||Deposit Fee|
|Wire Transfer||No Fees||2.5%|
|Credit/debit Card||No Fees||No Fees|
|Electronic Wallets||No Fees||0.5%-5%|
|Cryptos||Blockchain Fees Applicable||Blockchain Fees Applicable|
FP Markets comes on top when it comes to inactivity fees because there is none.
Traders can use a variety of industry-leading trading platforms to access global markets and manage their portfolios. For traders who don’t wish to bear any platform costs, Metatrader 4 (MT4), MetaTrader 5 (MT5), and webtrader come in handy, and mobile trading applications for iPhone and Android smartphones are also available. Traders can also access the global markets with Iress suite’s state of the art trading platforms with a $55 monthly fee, including GST. FP Markets help traders by providing various sophisticated trading tools embedded in all trading platforms. Each trading tool allows traders to make the best decisions on their investments.
FP Markets WebTrader
With FP Markets WebTrader, traders can enjoy the freedom of trading from any device and any browser. Traders can access their MT4 and MT5 accounts with WebTrader. Here are some cool features of the broker’s WebTrader platforms:
- User Friendly
- Trade Forex, Share CFDs, Indices, Commodities & Cryptocurrencies in one place
- Trade from anywhere
- Charting tools and a variety of technical indicators
- One-click Trading
- Real-time price quotes
- Seamless Trading
- Multiple Language support
- Various order types
FP Markets Mobile Trading App
To have complete access to the trading account, traders no longer need to take a large device like a laptop. Trades can be opened, monitored, and reviewed in a matter of seconds. Traders can use a variety of trading tools to perform research and technical analysis. The mobile trading app is available on all compatible iOS and Android devices. Some key features of the mobile trading app are:
- Available on compatible iOS and Android
- Access global markets with a handheld device
- Charting tools and technical indicators
- Full account access (control transaction and change leverage)
- 24/7 customer support
- Build your favourite instruments list
Traders can access their MT4 accounts with the world’s most popular MT4 trading platform with all its key features enabled. Traders can enjoy 3 chart types, 9 timeframes, 24 analytical objects and plenty of technical indicators. Automated trading through expert advisors is also a handy tool. Here are some great features in MT4:
- 60+ pre-installed technical indicators
- EA automated trading
- Profiles and custom chart templates
- On-click Trading
- Fast order executions
- Price Alerts
- Windows, Mac OS, iOS and Android versions are available
- Hedging and scalping allowed
- 6 order types
Access global markets with the all in one MT5 trading platform. Traders who want a more sophisticated and detailed version choose the MT5 platform. The platform comes with all the tools needed to do fundamental and technical analysis and create custom indicators. MetaTrader 5 has capabilities that support algorithmic trading and copy trading, making it ideal for traders that use Expert Advisors (EAs). Here are some irresistible features of MT5:
- 21 time frames and 8 order types
- Depth of market display and technical indicators
- 6 order types
- Improved strategy tester
- iOS and Android versions are available
- Scalping allowed
- 80+ Technical Indicators
- 40+ Charting objects
- Windows, Mac OS, iOS and Android versions are available
- An advanced depth of market feature
With the Iress trading platform, traders can access three types of platforms. Iress could be considered the best option for professional traders with a large sum of investments.
- Iress Investor
- Iress Trader
- Iress ViewPoint
Here are some considerable features of the Iress suite:
- Multi-asset and global trading capabilities
- Clear design and simple navigation
- Powerful charting
- Regular software updates
- Drawing tools
FP Markets Platforms Summary
|MetaTrader 4 (MT4)||✓|
|MetaTrader 5 (MT5)||✓|
|Other (Iress Suite)||✓|
MAM and PAMM
MAM is the abbreviation for Multi-Account Manager. In addition to the percentage allocation technique used in a PAMM, this allows for various unique ways to sub-allocate transactions. Percentage Allocation Management Module Manager, or PAMM, is a type of pooled money FX trading. Investors can be part of a group of sub-accounts traded collectively by a money manager or trader who has customers’ authorisation to trade their accounts under an LPOA (Limited Power of Attorney).
Forex traders may use FP Markets VPS hosting for MetaTrader 4 and MetaTrader 5 to implement automated algorithmic strategies, such as EAs (Expert Advisors). With virtual private server access, any concerns about downtime influencing trades are greatly minimised. VPS helps eliminate trading platform difficulties on operating systems caused by an internet connection or a Windows server.
Forex Trading Calculator
Knowing how to control your risk as a trader is critical. The FP Markets has five forex calculators: pip calculator, currency converter, margin calculator, swaps calculator, and profit calculator. These useful calculators assist traders in estimating the risks associated with their next trade before they execute it.
FP Markets is rich in research and education for all levels of traders. The broker has a dedicated academy for trading education. Let’s discuss its remarkable research and education resources. The broker provides research tools like an economic calendar, forex calculator, technical analysis and fundamental analysis at your disposal.
FP Markets Academy
FP Markets has created a one-of-a-kind education program to help traders improve their knowledge and abilities, doesn’t matter if they are new to the game or experienced traders. The broker provides a comprehensive and understandable education course addressing important market sectors and enhancing your trading knowledge. Every month, traders registered with the broker get free access to 22+ multilingual webinars to learn about trading basics and plan their trades. Professional traders can enhance their skills by discussing and exchanging opinions on market updates with some of the market’s best professionals. Beginners can build a strong trading career, while professionals can expand their knowledge and skills. The FP Markets Podcasts Series offers its clients the most valuable and understandable instructional content possible. With the help of ebooks, Expert traders introduce other traders to the markets and reveal their trading secrets, including how to master money management, market timing, risk management, and synchronising with global markets to achieve flawless timing. The broker also provides a series of educational video tutorials about its trading platforms.
To quickly grasp trade possibilities in real-time, FP Markets provides access to sophisticated Autochartist technical analysis tools. Autochartist offers real-time trade setups for both newbie and seasoned traders.
- Fully customisable and easy to use, the technical analysis tool
- Trading opportunities are delivered via Email, mobile applications
- 1000+ actionable trade opportunities & ideas per month
- Scan the market for high-quality trading opportunities
- Visual quality indicators
- Access to complex chart patterns
- Identification of market trends and key levels
- Identification of big movements
- Chart Patterns including Triangles, Wedges, Tops and Bottoms
- Identification of consecutive candles
- identification of Fibonacci patterns
- Identification of Key horizontal support or resistance levels
- Volatility Analysis
The broker provides daily analysis of global markets to facilitate its clients to make the best decision.
FP Market has an up-to-date blog with 13 language translations. Traders can access all types of financial markets information on this blog.
FP Markets Research and Education Summary
|Other (Podcasts, Forex Calculator)||✓|
FP Markets offers plenty of payment options to choose from. The broker facilitates its clients to make deposits free of cost except for blockchain fees while using cryptocurrencies. However, most withdrawal methods require charges to be endured by the trader. The broker leads in transactions methods from other brokers as it has many transaction methods for traders. The broker makes deposits and withdrawals hassle-free. FP Markets accepts a minimum deposit of $100. Traditional payment options like debit/credit card and wire transfer and modern payment options like NETELLER, Skrill, FasaPay, PerfectMoney, and cryptocurrency payments come in handy to the broker’s clients.
FP Markets Funding Summary
Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) regulate FP Markets.
This firm regulation means they must adhere to a set of tight laws and regulations, giving clients peace of mind. It creates a sense in its clients that they are dealing with a respectable and trustworthy trading broker who will act with the utmost honesty and transparency. Moreover, the client’s funds are kept separate from the company’s finances in segregated accounts with top-tier banks to ensure that they can’t be utilised for anything else. Negative balance protection is not available to ASIC and St Vincent clients.
FP Markets Regulation Summary
|SFC (Hong Kong)||x|
FP Markets Safety
FP Markets is a safe broker (average-risk) for forex and CFDs trading since it is regulated in one tier-1 and one tier-2 country. FP Markets is a reputable worldwide CFD and FX broker founded in 2005. The Australian Securities and Investments Commission (ASIC) regulates FP Markets in Australia, while the Cyprus Securities and Exchange Commission regulates its operations in Europe. The broker is a genuinely global organisation since it is a registered business in St. Vincent and the Grenadines. The broker does not disclose its financial statements, and it is not listed on any stock exchange.
Although FP Markets’ headquarters are in Australia, its customer service team is available 24/7 to support its customers. You may reach out to them through various channels, including Live Chat, Phone, and Email. The broker offers client support in 40+ languages.
FP Markets is a top-tier Australian Securities and Investments Commission (ASIC) regulated CFD and FX broker. It has cheap forex fees and does not impose a fee for idleness. Account setup and depositing are both quick, and you’ll have access to high-quality instructional materials as well. On the negative side, stock CFD costs aren’t the cheapest, and the product selection is restricted since it only includes CFDs (equities, indices, and metals) and FX instruments. There are however an excellent choice of trading platforms and tools for traders of all experience levels. You can try FP Markets for free since account setup is simple. Besides, there are no inactivity fees.