FP Markets Reviews

FP Markets Review

Overview

With over 40 international awards and in operations since 2005, FP Markets is an established online forex and CFD broker, regulated and authorized by CySEC and ASIC which stands for the Australian Investments and Securities Commission. 

Traders get access to many markets such as the Forex, indices, Metals futures, equity, crypto and commodities market under the broker’s single platform. 

The firm has its head office in Sydney, Australia. Traders enjoy top tier liquidity, tight spreads, fast execution from NY4 server and flexible leverage with no dealing desk or price requotes.

Account

FP Markets offers a Standard and a Raw account for Forex trading. The standard account is a commission-free trading account with spreads starting from 1.0 pip, while the Raw account carries a commission and offers tighter spreads, as low as 0.0 pips. 

The broker also provides a free demo account on its MT4/5 platform. fpmarkets also offers 3 different IRESS trading accounts, Standard, platinum and premier. 

The minimum deposits for these account range from $1,000 to $50,000 for the premier. IRESS is direct market access (DMA) platform with advanced tools and charting software and caters to professional traders. However, it should be noted that the firm does not accept US traders.

Minimum Deposit

AUD/USD $100 for a standard account; AUD $100 for ECN Raw accounts. $100 AUD or equivalent.  For IRESS  trading accounts the minimum deposit is $1000-$50000.

Maximum Leverage

1:500

Features

The award-winning low latency trade execution forex broker offers over 10000 trading instruments including 70+ currency pairs for trade. New Exotic Currency pairs are now available through the FP Markets’ MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

They also offer tradable instruments in CFD shares, indices and commodities. There is no dealing desk, slippage or re-quotes and zero restrictions on scalping. 

Along with the popular MT4/5 trading platform, the broker also offers IRESS platform that provides multi-product execution and automatic order options. 

Trade alerts, live news, and pricing and charting tools can be accessed. Accounts can be traded on the web as well as mobile platforms including the broker’s mobile trading application.

Education

FP Markets has built comprehensive courses for beginner, intermediate and advanced traders through video tutorials and Ebooks in the education section of its website.

Deposits/Withdrawals

Deposit options such as credit cards, e-wallets, and bank wire transfer are available with transaction charges starting from $0. The same funding options are also available for withdrawals with a processing time of 2-5 days. 

All the deposit methods include: Visa, Mastercard, PayPal, Ngan Luong, Paytrust88, Poli Pay, Skrill, Fasapay Neteller, Bpay, Bank wire. In addition, FP Markets also accepts: SticPay, PerfectMoney, DragonPay, Rupee, Pagsmile, Rapyd, Rapid, XPay, Finrax, LetKnowPay, LuqaPay, PayRetailers, ApplePay, GooglePay, VirtualPay, PaymentRush and B2Binpay.

Customer Service

Customer support can be reached through email, phone, live chat (24/7), social media and the broker’s multi-lingual website on all trading days.