The Ultimate FP Markets Review: Unveiling the Secrets to Successful Trading

FP Markets Review

Leverage: 1:30
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
Min. Deposit: 100 US$
HQ: Australia
Platforms: IRESS, MT4, MT5, cTrader
Found in: 2005

FP Markets Licenses

First Prudential Markets Pty Ltd – authorized by ASIC (Australia) registration ABN 16 112 600 281 AFS 286354
First Prudential Markets Ltd – authorized by CySEC (Cyprus) registration 371/18
First Prudential Markets Ltd – authorized by St. Vincent and the Grenadines registration 126 LLC 2019
First Prudential Markets Pty Ltd – authorized by Financial Sector Conduct Authority in South Africa registration 50926
First Prudential Markets Ltd – authorized by the Capital Markets Authority (CMA) in Kenya

What is FP Markets?

FP Markets review is a popular and large Forex Broker operating professional trading experience for a quite long time since the broker was established in 2005 and ever since serves over 12,000 clients worldwide. One of the main strengths is that FP Markets uses ECN electronic bridges and enhance its proposal with powerful trading technology, also investing in its innovation.

Where is FP Markets based?

First of all, a good broker is a safe broker. The proof of its safe trading environment is also confirmed by necessary legislation obligation and sharp obligation, while FP Markets is an Australian brokerage company headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines. Moreover, quite recently FP Markets enlarged its proposal and opened European Cyprus entity thus eligible for trading proposal within EEA zone. Also, FP Markets (PTy) Ltd is now a Financial Services Provider authorised and regulated by the Financial Sector Conduct Authority in South Africa.

Is FP Markets a true ECN broker?

Another strong point of FP markets proposal is developed ECN technology that provides direct access to the liquidity providers without dealer intervention through Equinix NY4 Data Centers, and executes order through the best possible price within offering for the particular asset.

This technology currently is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips allowing you to benefit from it.

FP Markets Pros and Cons

FP Markets is a well-regulated broker with good trading environment suitable for beginners and experienced traders too, the points to admit are low pricing, good trading proposal with selection of platforms and ECN trading environment also excellent trading education. Besides, Broker constantly growing and we see good development not only in the proposal but to its global coverage too, while before FP Markets was just an Australia-based broker, now its truly global one.

For the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also is worth checking the conditions under the entity of FP AMrkets you would trade since they are different.

Advantages	Disadvantages
Founded in Australia and Regulated by the ASIC	Trading Conditions or proposal may vary according to entity rules or regulations
Numerous industry awards and high rankings	Some withdrawal methods add on fee
Powerful trading technology and ECN environment	High Stocks trading Spread
Low Deposit Requirement
Suitable for beginners and professionals
Excellent education through Traders Hub
Tight Spreads

FP Markets Review Summary in 10 Points

Headquarters	Australia
Regulation	ASIC, CySEC, St. Vincent & Grenadines, FSP, CMA
Platforms	IRESS, MT4, MT5, cTrader
Instruments	10,000+ products Forex, Indices, Commodities, Metals, Cryptocurrencies, Equity CFDs , Bonds, ETFs, 70+ Forex pairs
Minimum deposit	100$
EUR/USD Spread	0.0 pips
Demo Account	Available
Base currencies	10 Base Currencies
Education	Learning materials and research through Traders Hub, News, Market Outlook, video tutorials, eBooks
Customer Support	24/7

Overall FP Markets Ranking

With our Expert finds on FP Markets review we consider quite good trading conditions, there are many points that mark FP Markets in front including low fees, global exposure available for all traders and good platforms provided.

Our Overall Ranking is 9 out of 10 based on our testing and compared to over 500 brokers

FP Markets Alternative Brokers

Yet, besides to its great offeringg we found some Cons too, like instrument offering is differentt based on entity, also Stocks are traded as CFDs and are slightly higher costs. Even though, spreads, education and platform solutions are really good at FP Markets it good to consider other brokers too, see our selection of Alternative Brokers below:

Trading 212 – Good for Low Costs Trading
Dukascopy – Excellent for Futures Trading
InteractiveBrokers – Good for Trading of Real Stocks

Awards

In fact, FP Markets gained its reputable position in the market and is recognized multiply by various publications and reputable editions. The excellence of the service they offer, as well as trading conditions along with high regard from the traders, is truly a good proof of trust and great establishment.

Yet, we see FP Markets continues to acquire new awards, which are a result of the dedicated and client-oriented policy of the broker. Quite recently FP Markets was awarded the Best Global Forex Value Broker, Best Forex Broker Australia, Outstanding Value CFD Provider, Best Forex Partners Programme in Asia, also, Best Trade Execution and Most Transparent Broker at Ultimate Fintech Awards APAC 2023.

In addition, FP Markets informs about newer awards. It claimed a Hat-Trick for a second time in a row at the Global Forex Awards 2023 for ‘Best Value Broker – Global’, ‘Best Broker – Europe’ and ‘Best Partners Programme – Asia’.

Is FP Markets safe or scam?

Yes, FP Markets is safe to trade, it is an established Australian broker that respectively complied operations according to the world-known regulation Australian Securities and Investments Commission (ASIC),

Besides, Brorker growing its presente and there is entity in Cyprus also regulated and set according to CySEC regulatory obligations and compliant to MiFID European directive.

See our conclusion on FP Markets Reliability:

Our Ranked Trust Score is 8 out 0f 10 for good quality regulated service along the years, and regulated environment in eeach region it operates. However, the only point is International trading available via the offshore entity.

FP Markets Strong Points	FP Markets Weak Points
Regulated by several authorities	Not listed on Stock Exchange
Australian ASIC and Cyprus CySEC	International proposal done by SVG
Negative balance protection for European clients
Segregated Accounts and excellent long history of operation

How are you protected on FP Markets?

The regulatory status is indeed the most important measure, as in simple words it means a client is treated fairly according to international laws and requirements. SO being regulated broker traders funds are segregated from the company funds, while held in selected top-tier banks, such as National Australia Bank and the Commonwealth Bank of Australia with daily fund reconciliation and application of the standard covers under investment protection. See our check of license below:

However, different authorities apply adjusted regulation according to its legislation and particular laws, in a result may diverge from the entity or regulator or another. Likewise, FP markets Cyprus entity also apply negative balance protection to the clients accounts, as well as participates retail accounts to the compensation scheme, but it is not a case oof SVG entity. So always make sure to learn better under which entity you trade and what protection conditions and privacy policy applicable to you.

What Leverage FP Markets offer?

In fact Leverage levels depending on the entity you will open an account with, since Leverage is one of the first regulated parts, see some of our find below.

Being an Australian broker, FP Markets complies with the ASIC set of rules and significantly lowered levered too now, before it was available 1:500. Also, in its other entity in EU, FP Markets obliges to another regulatory restriction set by ESMA, while international branch has other legislations that why leverage might be higher for some instruments offered.

European traders can use a maximum of 1:30
South African traders can open positions on more than 70 forex pairs with spreads from 0 pips and a leverage amount up to 1:500

Account types

FP Markets offers two account types with STP and ECN execution models, accordingly available through MT4 or MT5 platforms. Also, there are three IRESS account types that cover the need of those traders who prefer to use this particular software. Also, FP markets offer MAM and PAMM accounts, while copy trading is available on each of the accounts offered. You can also see other brokers that have Islamic forex accounts.

However, as we notice along with some diversification between the proposal, some differences between the pricing model may take place as well, so be sure to check the most suitable one for your need.

See our negative and positive points below, and accounts comparison:

Pros	Cons
Fast Account Opening, fully Digital	None
2 Account types with ECN and Standard execution for MT4 MT5 platforms
Separate account for IRESS platform
Low Minimum deposit
Free deposit

How to open Demo Account

The account opening process is digital and easy to follow, you can sign for Demo account almost instantly and in order to switch to Live Account FP Markets confirms the application either in the same day or within 1-2 days maximum so that you’re able to access the trading experience smoothly.

Actually, you should follow next steps that would be your FM Markets account opening process.

Enter your name, email, country of residence
Provide proof of information and upload your documents, ID, proof of address, etc
Select the account type and trading platform as your preference
Fill the questionnaire to prove your financial experience
Once account it confirmed follow with first deposit and start trading

Trading Instruments

Trading with FP Markets you may access to trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Equity CFDs. FP Markets offers quite competitive spreads, enable access to more than 70+ forex pairs, and provides other assets as we will see below in our FP markets review.

Traders and investors are now also able to trade the Mexican Peso (MXN), Brazilian Real (BRL), and South African Rand (ZAR) against the US Dollar through the MT4 & MT5 Trading Platforms. The additional offering increases the total number of currency pairs available to trade at FP Markets.

Also, each instrument defines its trading conditions, proposing flexible leverage throughout one account, and require specified margins that you may always check through FP markets platform.

FP Markets Instrument Score is 8 out 0f 10 for quite good trading instrument range covering popular Markets to trade, yet proposal mainly consists of Forex and CFDs, also the range is different based on entity

Fees

For FP Markets fees, there are some specified conditions between FP markets pricing that may occur in different account types, alike IRESS account charges based on a commission plus percentage from trade basis according to the instrument. Therefore, according to your trading style and the volumes you trade, there is an option to select suitable one, also we consider deposit and withdrawal fees to see full fee picture.

FP Markets Fees are ranked low with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Overall with our opinion, FP Markets proposes very competitive offering among the market, there is no fees charged for withdrawals also other fees are good. See fee table below and consider full pricing offering.

Fees	FP Markets Fees	AvaTrade Fees	XM Fees
Deposit Fee	No	No	No
Withdrawal Fee	No	No	No
Inactivity Fee	No	Yes	Yes
Fee ranking	Low	Average	High

Rollover

In addition to main fees, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument. Moreover, there is an option for Muslim trader to trade through Swap-Free account, which is suitable for followers of belief and tailored according to the strictest rules.

FP Markets Spreads

FP Markets spread is defined by the account type too, thus the STP account EUR/USD floating spread is averaged 0.7 and the ECN proposes only 0.1 for the same pair. However, ECN account charges commission to every order, which is defined by the instrument and is 3$ for Forex instruments, 3.5$ for Metals and offers 0$ commission on commodities or cryptocurrencies. As well you can compare fees with another popular broker BDSwiss.

FP Markets Spreads are ranked low/ average with overall rating 8 out of 10 based on our testing comparison to other brokers. We see Forex spread much lower than the industry average of 1.2 pips for EURUSD, yet we found fees for Stocks slightly higher than average. For instance, see below a comparison of the most traded instruments

Asset/ Pair	FP Markets Spread	AvaTrade Spread	XM Spread
EUR USD Spread	0.7 pips	1.3 pips	1.6 pips
Crude Oil WTI Spread	3 pips	3 pips	5 pips
Gold Spread	16 cents	40	35
BTC USD Spread	62	0.75%	60

Deposit and Withdrawal Methods

For FP markets payment methods that allow you to proceed with account funding, some of methods including fees and another is free of charge. Generally, trading accounts are available at 10 base currencies, hence you can choose the best suitable option and transfer fund accordingly which is a great saving and easier money transfer for you.

Funding Methods we ranked Good with overall rating 9 out of 10. Good thing Fees are either none or very small also allowing to benefit from various account base currencies, also FP markets process our test withdrawal free of charge

Here are some good and negative points for Fp Markets funding methods found:

FP Markets Advantage	FP Markets Disadvantage
Minimum deposit – 100$	Some withdrawal methods may add on processing fee
Wide range of deposit options and base currencies supported	Condition vary by entity rules
Free deposits
Withdrawal offer 0$ fee policy

Deposit Options

As for the deposit options you may choose between the most common ones, also request support team to advise what is the best option for you according to your residence.

Bank wire transfer,
Various e-wallets including Neteller and Skrill
Credit Cards or Debit cards
Virtual Pay (African Payment Method) that supports KES, UGX, and TSH currencies.

For fund transferring fees, FP Markets does not waive transfer fees for deposits via Bank Trnsfer and Broker to Broker, also FPM covers International fees up to 50$ for deposit greater than 10,000$, which is a good plus with our opinion. You may request to perform the transfer from other brokers in case you would like to transfer funds between the accounts and from other brokers.

FP Markets Minimum deposit

Minimum deposit amount for The Standard account is 100$ ECN account set also 100$

FP Markets minimum deposit vs other brokers

	FP Markets	Most Other Brokers
Minimum Deposit	$100	$500

Withdrawal

The FP Markets withdrawal fees are different from the option to another, some require no fees and another will add on a small mark up as per policy applied, withdrawal options are wide including Wire transfers still most used among traders, e-wallets and cards, see table below.

How long does it take to withdraw money from FP Markets?

Typically FM Markets confirm and process the withdrawal request within 1-2 business days, see snapshot with our finds below.

Trading Platforms

There is a comprehensive choice between the platforms on FP Markets proposal, thus powerful capabilities provided that is definitely a big plus, with the choice between MT4, MT5 and IRESS platforms as well MAM and PAMM account possibility for money managers.

Moreover, FP Markets is now offering cTrader, a leading multi-asset Forex and CFD trading platform, boasting advanced charting, advanced order types, level II pricing, powerful trading tools and superior execution.

FP Markets Platform are ranked Excellent with overall rating 10 out of 10 compared to over 500 other brokers. We mark it as excellent for good offering inlcuding market leading software, also alternative options, besides FP Markets provides quite good Copy Trading and technology solutions too provided with excellent tools

Trading Platform Comparison to Other Brokers:

Platforms	FP Markets Platforms	BlackBull Markets Platforms	eToro Platforms
MT4	Yes	Yes	No
MT5	Yes	Yes	No
Own Platform	Yes	Yes	Yes
Mobile Apps	Yes	Yes	Yes

Web Trading Platform

Platforms available as a Web Trading platform and supporting other versions too. While MT4 and its newer version MT5 platforms do not require an introduction, as platforms give a dynamic feature through detailed insights and one of the best in industry options for automated trading via EAs, so both can be accessible via Browser.

Desktop Trading Platform

There are MetaTrader versions that suit any device either PC or MAC, so you can follow with installation and enjoy great customization capabilities of MT4 or 5.

In addition, IRESS world known platform that suite products for global equities, indices, and futures CFD trading remains as your trading possibility with comprehensive, unparalleled trading and transparent pricing from market depth. Furthermore, the platform enhanced with automated order options also and complex order types, which definitely worth serious consideration. See our Review snapshot below.

Mobile Trading Platform

FP Markets offers MetaTrader 4, MetaTrader 5 and IRESS Mobile as mobile trading platforms for both iOS and Android with alerts, push notifications and full control over your trading and account right from your mobile.

Research Trading Tools

For the research tools, the platform enables one-click trading, algorithmic rules, indicators, Autochartist and social trading functions that allowing to participate to the active trader community. Also, the MT5 brings one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth.

Another good addition we found, FP Markets gives back to their clients, by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider trade minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a maximum of up to 50$ a month.

Customer Support

Another good point in its client-oriented philosophy we found at FP Markets is a competent customer service which is available through various methods including Online Live Chat, Phone, emails, etc. Apart from the positive and high regard from the clients, FP Markets supports a range of languages, so you may count on quality help.

In addition, there are established centers in the Asia region, Europe and Australia so the time zones and accessibility are counted, this is why customer service is available 24/7.

Customer Support in FP Markets is ranked Excellent with overall rating 9 out of 10 based on our testing. We got fast and knowledgeable respond, also quite easy to reach with our tests done

See our find and Ranking on Customer Service Quality:

Pros	Cons
Customer oriented handling	None
Live Chat
Support of international Phone lines and range of languages
24/7 support
Fast and appropriate answers

Education

In fact, those who have information obtain advance among others while trading, hence learning is an endless task, and the good news is that FP Markets supports personal strives and provides with learning materials, analysis and guides.

FP Markets Trading Series presents three sections that help to become a better trader that diverse to a different level of traders, through the established Traders Hub.
There are numerous Trading Videos, Trading Info, Webinars, Events and Podcasts available via FP Markets Education
Also, FP Markets provides great research tools with comprehensive analysis suitable for beginning traders and also supporting everyday trading, while features including market outlooks, news feeds, trading ideas, also including great tools like Trading Alerts and provide third party tools like Autochartist.

Is FP markets a good broker for beginners?

Yes, FP Markets is definitely a good choice for beginners, there is good range of platforms, also educational materials, research and analysis are one of the best provided by the Brokers based on our research.

FP Markets Education ranked with an overall rating 9 out of 10 based on our finding and opinion. We found very good quality Education Materials and numerous research tools, also Broker cooperates with providers of data which is a great plus for traders

FP Markets Review Conclusion

Overall, we found FP Markets as one of the most awarded CFD and FX trading providers with good quality trading environment. FP Markets established direct access to markets through sophisticated technology and provides a wide range of instruments to trade with competitive pricing and excellent selection of trading platforms suitable for various styles. So in our conclusion, FP Markets is suitable for traders of different size and expertise while FP Market is a reliable brokerage good for long term cooperation and different type of investors welcome.

Based on Our findings and Financial Expert Opinion FP Markets is Good for: