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FP Markets Review, Rating and Comparison

FP Markets Review, Rating and Comparison

RATING: 4.7 / 13 REVIEWS ForexBrokerz FP Markets
LIVE ACCOUNT DEMO ACCOUNT
Visit FPMarkets.com

Trading Accounts

 

Account type Minimum deposit  Minimum trade size  Maximum leverage Typical Spreads
Standard  $100  0.01  1:500 1.45 pips 
ECN Raw $100  0.01  1:500  0.45 pips + AUD $3.5 / lot (per side)

 

FP MARKETS offers its clients a choice of two live account types: Standard commission-free one, and Raw account which provides tighter spreads, but also involving a commission.


Micro lots are available for trade on both account types and, of course, the broker also provides free Demo accounts, which are always appreciated by inexperienced traders.


The Company. Security of Funds


FP MARKETS (FPM) is a CFD and forex provider specializing in Direct Market Access (DMA) trading, that has over 10 years of experience. The broker is licensed by the Australian Securities and Investment Commission (ASIC), as well as by the Cyprus Securities and Exchange Commission (CySEC) in Europe.

 

ASIC requires licensed companies to meet certain requirements and to comply with various rules. Clients’ money is to be kept in segregated trust accounts. As for the minimum capital requirement, forex brokers must hold at least $ 1 million in order to prove their good financial standing. CySEC, on the other hand, requires forex brokers to possess at least 730 000 EUR, and has also arrenged a compendsation fund, which protects consumers up to 20 000 EUR in the event of broker insolvency.

 


Trading Conditions


Minimum Initial Deposit
Traders are required to deposit $100 in order to open an account with FP MARKETS, which is an average initial amount.


Average Spreads & Commissions

FP MARKETS offers variable spreads, the typical ones on its commission-free account amounting to 1.45, and the ones on the ECN Raw accounts averaging to 0.45 pips on EUR/USD. Considering that commission of $3 per standard lot per side applies on the Raw account, trading costs of such account holders amount to a little over 1 pip, which is a competitive pricing.


For further information, you may look up real-time spreads of 15 leading brokers here.


Maximum Leverage
Clients of FP MARKETS use leverage ratios up to 1:500 and such maximum leverage level is considered high. Some jurisdictions cap leverage to levels significantly lower than this (i.e. 1:50 in the US), because higher leverage involves higher risk of heavy losses in excess of initial investments.


Trading Platforms


FP MARKETS offers its customers several trading platforms: MetaTrader 4 (MT4), MetaTrader 5, and its in-house IRESSTrader, specialized in CFDs trading. That said, the broker offers trading in wide range of assets, including some of the most popular cryptocurrencies - Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple.


The MT4 is the most widely used forex platform, available to FPM’s clients as PC, Mac, iPhone/iPad and Android versions. MT4 provides all the tools and resources a trader needs: a number of technical indicators, advanced charting package, extensive back-testing environment and a wide range of Expert Advisers (EAs). By using EAs traders may sit back, while the software does all the work, as Expert Advisers allow full automatization of trades.


If you are running EAs, it is vital that your platform is Internet connected 24 hours a day. The best solution in this case is VPS and FP Markets has partnered with TradersColo and BeeksFX VPS, to provide a customized low latency solution for their clients. The VPS seamlessly connects traders to the Equinix NY4 grid using cutting edge technology and providing excellent execution.


What is more, there are Multi Account Manager MAM/PAMM options on MT4. MetaFX has developed a stand-alone console to assist Multi Account manages in trading. The MAM/PAMM offered are customizable and user friendly.

 

As MT4 will soon be phased out, the broker launched trading in the latest version of MetaQuotes software - MetaTrader 5. It has most of the great features of MT4 (such as the great charting, and EAs), as well as some new ones. Most importantly, the MT5 offer traders the opportunity to trade an extended number of instruments from a variety of asset classes. 


As regards FP Markets’ proprietary platform IRESSTrader, it provides its clients with access to DMA CFDs with industry leading execution, a wide ranges of order types, stop-loss, live news feeds, international data, complete market depth and charting facilities.


IRESSTrader is a web based platform you can access from any PC or even a mobile device.


Methods of Payment


FP MARKETS offers its clients a variety of deposit/withdrawal methods: via credit/debit card, bank wire, BPAY, Neteller, Skrill, China UnionPay, PayPal, POLi Pay, Paytrust88 and Fasapay .


Depending on the depositing method, clients may use the following currencies: AUD, USD, SGD, CHF, GBP, CAD, HKD, JPY, EUR, and NZD.


Conclusion


FP MARKETS is a reliable award winning broker, licensed by two of the most well-established financial regulators - ASIC and CySEC. It offers competitive conditions for trading in variety of assets, including Bitcoin (with leverage 1:10). These can be traded on three trading platforms with NDD execution (no conflict of interest). To sum things up, here are the advantages and drawbacks with regards to FP MARKETS:

 

Pros  Cons
Sound regulation (CySEC and ASIC) No significant doisadvantages
Low cost of trading, NDD execution  
Many platforms and trading assets available   
High leverage levels (Australian clients)  

 

Latest news about FP Markets
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for FP Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

تقييم استاذ محمد المواردي

ممتاز ممتاز ممتاز سرعه في الرد علي الايميل والاجابه علي كل استفساراتي بشكل مزهل الي جانب ميزه وهي سعة صدره وايصال الفكره بشكل مبسط للغايه

Translated by Google:

Evaluate Prof. Mohammed Al-Mawardi
Excellent Excellent Excellent Speed to respond to email and answer all my inquiries sparingly coupled with the advantage of a chest capacity and deliver the idea in a very simplified

Mohamed mostafa ali 11/22/2019

Just Few Days Ago

Just few days ago FP Markets was recommended to a gruop I belong but so far so good I have discovered that FPM is the way to go as far as FX is concern. FPM has a lot to offer that many brokers in the world can't offer in the next decade. FPM is second to none. I am optimistic that anyone that follow FPM will never be misled. thanks to FPM for the opportunity.

Evans 11/15/2019

Fp markets is where you have to put your money

Easy to trade very good customer service will recomand

Amir 11/13/2019

السلام عليكم ورحمة الله

شركة ممتازة ومنصة كويسة جدا واسعار كويسة بنسبة لشركات اخرى وخدمة دعم محترم ومكالمة كانت رائعة جدا مع الاستاذ Mohamed Elmawardi

كلمنى وعرفنى كل عن كل شئ يخص الشركة صرحتا


Translated by Google:

Excellent company and very good platform and good prices by other companies and a respectable support service and a very wonderful call with Mr. Mohamed Elmawardi

Call me and know me all about everything that the company said

mohamed fadil ali 11/13/2019

7 years of trading

بالعربي
7 سنوات اتداول وقد وجدت الشفافيه واقل الاسعار والخدمه الفوريه اذا احسنت معرفة استخدامها
اموالي كأنها في جيبي
السحب والايداع بمنتهي السرعه يعرفون كيف يحافظوا عليك وعلي انفسهم
تعاملت مع اغلب شركات الوساطه بدبمو ومع شركه واحده بحساب حقيقي واخيرا وجدت fb
تريد او لا تريد هذا شأنك ولكن لن تجد افضل منهم علي الاطلاق
لاجل الامانه يوجد شركه اخري ولكني وجدت الراحه معهم

Translated by Google:

7 years of trading has found transparency, lower prices and immediate service if you know well its use
My money is like in my pocket
Drag and deposit very quickly know how to keep you and themselves
I dealt with most brokerage companies in dbmu and with one company with a real account and finally found FB
You want or don't want this to be your business but you won't find the best of them at all
For the sake of honesty there is another company, but I found comfort with them

Ramzi 11/08/2019

Thanks

Thanks a lot for your services and advice, I really appreciate your help

Reda M. 11/07/2019

FP markets

My opinion is that it’s the leading forex and CFD brokers starting the new 2020, and it’s really very smooth and every one can use it safely and it’s not like back days now someone will be provided to confirm with the Clint to gather all the info that he can begin his 1st step with.
it was really great such support Mohamed maradi was really he was too helpful huge respect BTW because of him my life were easily changed , thanks a lot.

Karim 11/07/2019

simply the best service

account manager assisting me and guiding me well in every situation in trading. they provide free autochartist alerts and pre austalian,european, us market opening news. 24/5 chat support is available.getting replies from them in no time. most importanly i got good knowledge in reading their educational material . i can come to know how much trade size to choose and some important rule when trade with CFD. Thanks for their services.

Nagarjun Cherukuri 10/31/2019

Good

Raw spread , Powerful and fast support, good broker

Fathy 10/30/2019

For client support FP Markets ?

During my experience with trading and therefore with account managers, Today I can judge from the first conversation with my interlocutor the relationship that can be between the broker and the client. because do not forget that the account manager is the representative of the broker.
I would especially like to thank Mr Mohamed Elmawardi for his effort to explain to me well that I only understand French and thank you for his kindness. a real proffessional.

Amar France 10/29/2019

Client support and account manager

Great followup
Mr.mohamed el mawardi there had answered my questions quickly and precisely.Very professional person indeed
Happy to deal with him

Ibrahim nour el dean 10/28/2019

Very Good Broker

Very good broker with transparent execution, highly supportive team, especially my account manager Mr Mohamed Al Mawardy.

Elsayed Elsheikh 10/25/2019

Exceptional Service and Experience with their MT4 Raw account

I've been trading FX for a while however it wasn't until I attended an FP Markets Forex Webinar, I think it was a 3 part series focusing on Rules based trading (I'm a sucker for webinars). Anyways I took up the account opening offer and started on their MT4 raw account. Its my first time using MT4 however so far I've only experienced superior execution and fills. I previously traded on a far less superior platform which was provided by my previous broker and can say hands down the support from the team to get me up and running as well as educating me on the differences between FPs ECN execution model vs Market makers really opened my eyes. If you're after a highly supportive broker with a transparent execution model then I would go with FP Markets.

Kevin Anderson 04/30/2016
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