In this Forex broker review, we will comprehensively assess FP Markets. We will examine its product range, trading platforms, spread, commission, and regulations. Additionally, we will also look at FPMarkets account types, evaluate it’s pros and cons and review its trading features. So, let’s begin this FP Markets review with a brief introduction of the broker.
4.5/5
2005
$100 AUD
FP MARKETS REVIEW
FP Markets is a leading online broker, founded in 2005 in Sydney, Australia. It’s multi-regulated and offers a broad range of financial assets. It’s known for superior trading experiences and advanced trading solutions. FP Markets places a strong emphasis on client satisfaction. It’s dedicated to meeting the diverse needs of traders through innovation and market insight.
| Founding Year |
 2005
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.5/5 |
| Minimum Deposit |
 $100 AUD
|
FP MARKETS REVIEW
FP Markets has a solid regulatory framework and promises a secure trading experience. It’s regulated by ASIC in Australia. ASIC is a tier 1 regulator, known for strict standards. In Cyprus, CySEC oversees its operations. CySEC is another tier 1 authority that ensures FP Markets adheres to top financial standards.
In South Africa, the FSCA is the regulatory body for FP Markets. In the UK, it falls under the jurisdiction of the FCA which is also a tier 1 regulator. The broker also holds a license from the Financial Services Commission in Mauritius.
| COUNTRY | AUTHORITY |
|---|---|
 Australia |
Australian Securities and Investments Commission (ASIC) |
Cyprus |
Cyprus Securities and Exchange Commission (CySEC) |
 South-Africa
|
Financial Sector Conduct Authority (FSCA) |
 UK
|
Financial Conduct Authority (FCA) |
 Mauritius |
Financial Services Commission |
FP MARKETS ACCOUNT TYPES REVIEW
FP Markets offers two account types: Standard and Raw.
The Standard Account is available on MT4 and MT5 platforms. It has a minimum opening balance of $100 AUD. Spreads start from 1.0 pips and maximum leverage is 500:1. This account provides access to over 70 Forex pairs, metals, indices, and commodities. Execution is via ECN and no commission is charged. The minimum trade size is 0.01 Lot.
The Raw Account operates on the same platforms. It has the same minimum opening balance of $100 AUD and Leverage of 500:1. However, Its spread starts from 0.0 pips. In addition, a commission of USD $3 is also charged per side per lot. Other than this, the Raw account includes the same features as the Standard Account.
FPMARKETS TRADING PLATFORMS REVIEW
FP Markets brings forward a variety of advanced trading platforms. It offers MT4 and MT5 platforms along with cTrader and IREES Platforms. The MT4 and MT5 are renowned for their user-friendly interfaces and advanced charting tools. cTrader is recognized for its speedy execution of trades. Finally, Iress offers advanced trading tools, fast execution, and a smooth user experience. Additionally, traders can also use the WebTrader directly accessible from web browsers, and mobile applications for trading on the go.
FP Markets platforms are designed to cater to different trading needs. They ensure that every trader finds a platform that suits their trading style and preferences.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
 No
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
| cTrader |
Yes
|
FP MARKETS REVIEW
FP Markets offers a variety of leverage options depending on the product. For Forex, the maximum leverage is set at 500:1. This means clients can trade up to 500 times their initial investment. In the commodities, the leverage goes up to 100:1.
Metals, too, have a leverage of up to 500:1 For indices, the margin starts from 1%. This translates to a leverage of 100:1. Shares have a starting margin of 20%, equating to a 5:1 leverage.
Cryptocurrencies have a margin of 50% which equates to a leverage of 2:1. This spectrum of leverage options enables traders to optimize their trading strategies.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 500:1 |
| COMMODITIES | 100:1 |
| Metals | 500:1 |
FPMARKETS PRODUCTS REVIEW
FP Markets offers a diverse range of trading products. It offers access to over 70 currency pairs on its user-friendly platforms. In CFD Shares, FP Markets offers over 10,000 individual stocks from global exchanges. The broker also offers trading in commodities like coffee, natural gas, and corn. In addition, Traders can also access 19 major global indices.
For cryptocurrency enthusiasts, FP Markets provides a selection of 12 cryptocurrencies, including popular options like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
FP MARKETS REVIEW
FP Markets offers competitive spreads across a broad range of products. In Forex, particularly with major currency pairs, the spreads range from 0.2 to 1.8 pips. In metals like gold and silver, the spreads are between 0 and 0.55 pips.
In commodities like crude oil and agricultural products, the spreads extend from 0.02 to 2.8 pips. When it comes to indices, FP Markets offers spreads starting at 0.15 and going up to 7.74 pips. Lastly, in cryptocurrencies, the spread ranges from 0.00114 to 13.78 pips.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex (major) | 0.2 - 1.8 |
| Metals | 0 - 0.55 |
| Commodities | 0.02 - 2.8 |
| Indices | 0.15 - 7.74 |
| Crypto | 0.00114 - 13.78 |
FP MARKETS TRADING FEES
On standard accounts, FP Markets does not charge any commission on Forex and CFD Commodities. However, on its Raw accounts, it charges a $3 commission on Forex and CFD commodities per lot per side.
On Australian and European CFD Equities its commission rate is between 0.06% to 0.10% of the total value. While for the US stocks FP Markets charges a flat rate of 2 cents per share.
FPMARKETS REVIEW
FPMarkets offers hassle-free deposit and withdrawal methods. They accept major credit cards and accept instant deposits in 13 currencies, all without any fees. FP Markets also accepts Bank transfers and covers international fees for deposits over $10,000.
FP Markets also accept deposits from Digital wallets like Neteller and Skrill where the processing time is 1 business day. Cryptocurrency enthusiasts can also fund their accounts in as little as 1 hour. FP Markets accepts all major cryptocurrencies like BTC and ADA. Apple Pay and Google Pay are also integrated and the processing takes approximately 1 day.
Withdrawals are equally convenient, with options to major credit cards taking 2 to 10 business days. Bank withdrawals take just 1 day in Australia and vary elsewhere. Withdrawals to digital wallets typically incur a 1% fee and are processed within 1 business day. FP Markets also support funds withdrawal to crypto wallets. Crypto withdrawals are fast and processed in about 24 hours. However, blockchain fees may apply.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
Yes
|
FP MARKETS REVIEW
FP Markets, is a multi-regulated broker and it stands out for its broad product range and versatile platform offerings, including MT4, MT5, and IREES. The broker’s commitment to client satisfaction is evident in Its regulation, customer support, and seamless deposit and withdrawal options.
However, the lack of a proprietary trading platform and a need for enhancement in the education section are noticeable downsides. Additionally, the spread structure could be less confusing, and the commission seems somewhat high.
Nonetheless, the positives, such as its adherence to strict regulations and diverse product range, make FP Markets a considerable option for traders seeking reliability and variety in trading options.
FP MARKETS REVIEW
When considering FP Markets as your trading partner, it’s important to consider both its pros and cons.
| Pros |
Cons |
|---|---|
| Multi Asset | No Proprietary Trading Platform |
| Multi Regulated | Limited Education |
| Comprehensive Education | High commission for CFD Stocks |
| Low Minimum Deposit | |
| Copy Trading | |
| Huge List of Instruments | |
| Low Spread | |
| Proprietary Platform (Mobile only) |
FP MARKETS FREQUENTLY ASKED QUESTIONS
Yes! FP Markets is regulated by ASIC, CySEC, FCA, FSCA, and the Financial Services Commission in Mauritius.
FP Markets has two account types: Standard and Raw accounts
The minimum deposit is $100 AUD.
MT4, MT5, cTrader, IRESS, WebTrader, and mobile apps.
Up to 500:1 for Forex and varying leverage for other products.
Over 70 currency pairs, 10,000 stocks, commodities, 19 global indices, and 12 cryptocurrencies.
Credit cards, bank transfers, digital wallets, cryptocurrencies, Apple Pay, and Google Pay.
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