FP Markets Broker Review 2020

Are you looking to know everything about FP Markets Broker (Pros & Cons)? Hurray! You’ve just landed in the right place. Explore more below!

FP Markets - Get Pure Advantage!

With FP Markets Broker in the house, you have got the tendency to roll with more than 13 thousand trading tools. For investors, it's a safe environment to invest and get their desired results without any obstacle coming their way.

Service information

Demo Account Yes
Minimum Deposit $100
Max Leverage 1:500
Spreads from 0.0
Type of Broker ECN
Tradable Assets Currencies, Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, Bitcoin, Litecoin and Ethereum
Deposit Options Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Ngan Luong, PayPal, PayTrust88, Poli, Skrill, Transfer from Existing Broker, UnionPay

Company information

Established 2005
Regulated by ASIC, AFS, CySEC , SVGFSA
Telephone +44 28 2544 7780
Customer Support 24/5 in 12 languages

FPMarkets-Featured-DailyForexTrading.Net
FP Markets Review - Know the History

FP Markets Broker is one of the oldest and the most prestigious Forex and CFDs providers that you ever come across. Founded in 2005 and now they are considered as the first option for investing your money in the trading platform.

They are regulated by the strictest regulations in the world known as “ASIC,” and the headquarter is in Australia. In May 2020, they celebrated their anniversary and launched the new trading design that is loved by millions of people around the globe.

With FP Markets Broker in the house, you have got the tendency to roll with more than 13 thousand trading tools such as; Forex, Crypto, Commodities, Metals, and CFDs.

 Additionally, they are providing a safe environment for the investors to

              invest and get their desired results without any obstacle coming their way

Now, that’s enough of the introduction, and it’s time to unleash the covers from the details like “Regulation, Account types and Trading Platform.”

Let’s rock and roll!

FP Markets Broker Regulation

FP Markets Broker is regulated by the strictest regulations in the world, and there are no chances of “Scams and Frauds” with your money. Yes, we are talking about the “Australian Securities and Investment Commission” which is specially laid out by the FP Markets in order to ensure “Investors Protection.”

So, you can go for FP Markets without thinking twice if your only concern is “Security.”

Account Types of FP Markets Broker

There are two types of accounts that FP Markets Broker is dealing with:

  • Standard Account
  • Raw Account

They are different from a lot of other trading platforms in the “Forex World.” Don’t believe us? Let’s figure it out!


Standard Account

We will be breaking down each and everything in a table to make things easier for you:

Minimum Opening Balance

$100

Spread

1.0 pips

Instruments

50+ Instruments including Forex, Crypto, and CFDs

Maximum Leverage

500:1

Execution

ECN-Pricing

Per Lot Commission

Zero

Minimum Trading Size

0.01 Lots

Mobile Applications

Yes

VPS Available

Yes

Raw Account

This account is for the professionals, and everything is listed down below:

Minimum Opening Balance

$100

Spread

0.0 pips

Instruments

50+ Instruments including Forex, Crypto, and CFDs

Maximum Leverage

500:1

Execution

ECN-Pricing

Per Lot Commission

3.5 Per 100,000 Lot

Minimum Trading Size

0.01 Lots

Mobile Applications

Yes

VPS Available

Yes

You can also try the demo accounts for both the account types before you get started with everything. Before we head towards the trading platform, let’s break down the pros and cons of “Account Types.”

Pros and Cons of Account Types

Before you head towards and open your trading account, look at the “Pros and Cons” of the FP Markets Broker Account Types:


Pros


Cons

Account opening is Super Fast

Account Types are limited as compared to other trading platforms

Everything is Digital. You don’t have to deal with the Physically submission of the forms.

 

The minimum deposit fee is $100

 

Trading Platforms of FP Markets Broker

Just like other trading platforms, FP Markets offer you the advanced and the charting trading platforms to deal with your Forex trading.

Following are the trading platforms that FP Markets Broker is dealing with:

  • MetaTrader 4
  • MetaTrader 5
  • Webtrader
  • IRESS
  • cTrader

Pros and Cons of Trading Platform


Pros


Cons

You’ll be notified with every single move of yours within your trading account

None

You can customize your tools without any problem

 

Advanced and Immense Number of trading tools can help you grow in the Forex field.

 

Now, it’s time to discuss some technical things related to the FP Markets Broker, and you’ve to be very attentive if you’re serious about investing in this platform.

Let’s get started again!

The spread of FP Markets Broker

As we all know, the spread of all the accounts is different, and you’ve to look for the “spread” specifically before you choose your account.

There are two types of account that FP Markets is dealing with, and they both have different spread:

  • Standard Account (Spread Starts from 1.0 Pips)
  • Raw Account (Spread Starts from 0.0 Pips)

So, the choice is yours, and you can go for the one that suits you the best.

Execution Time of FP Markets Broker

FP Markets is known for its “Instant Execution,” and if you love to go for “Instant Execution” places, then FP Markets can be your best companion.

To help you with smooth trading, the following are the advantages you’re going to get with Instant Execution of the FP Market Broker:

  • Ultra-Low Latency Execution
  • Tight Spread
  • Best Prices Availability
  • Minimum Slippage

So, what are you waiting for? Head towards the opening of the account right now and get started!


Fp markets Commission/Fee

The good thing about FP Markets Broker is that “It is a low non-trading” platform.

FP Market doesn’t charge you anything as a Commission or any type of account fee, but if you're an IRESS user, then you’ll have to pay a $55 monthly commission.

But again, the IRESS fee is conditional too; if you’re earning more than $150 a month, you’ll then be charged the amount. Otherwise, you will enjoy the IRESS account without any Commission/Fee.

Let’s talk about the pros and cons of Commission/Fee of FP Markets Broker:

pros and cons of Commission/Fee


Pros


Cons

Low Non-Trading Fee

None

Withdrawal Fee= 0

 

Inactivity Fee= 0

 

Leverage of FP Markets Broker

Every account has its own Leverage/Margins, and we have already discussed them in the “Account Section” of the article.

But let’s talk about it again.

There are two types of accounts that FP Markets Broker is dealing with:

  • Standard Account (Leverage 500:1)
  • Raw Account (Leverage 500:1)

They both have the same leverages, and you can go for the one that is a perfect fit for you. You can count in more information by reading the detailed “Account Types” detail written above.

Customer Service of FP Markets

FPMarkets-CustomerService-DailyForexTrading.Net

Customer Service is the best feature that FP Markets is providing to you because they are super-fast, and they are available 24/5 in order to help their audience.

You can contact them through different contacting gateways such as;

  • Live Chat
  • Email
  • Phone Call

Pros and Cons of Customer Service


Pros


Cons

Live Chat

No 24/7 Support

Prompt Responses

 

Customer Service Members are educated

 

Now, it’s time to open up the account and say hello to the “Forex World.”

Let’s get started with the account opening.

How to open an account on FP Markets Broker

To open the account on FP Markets Broker Platform, you need to follow the instructions given below:

  • The first step is to head towards the website by Clicking Here, and you’ll end up finding yourself at the homepage of the FP Markets Broker:

    FPMarkets-OpeningAccount1-DailyForexTrading.Net
  • Now scroll down, and you’ll witness a button “Open an Account Now” and then click on it:

    FPMarkets-OpeningAccount2-DailyForexTrading.Net
  • Once you click on it, you’ll end up opening a form where you’ve to enter the valid information regarding yourself:

    FPMarkets-OpeningAccount3-DailyForexTrading.Net
  • Once you enter all the information, you’re all set to start the trading

That’s how easy it is to open an account on FP Markets Broker.

Pros and Cons of Account Opening


Pros


Cons

No Complications Involved

None

The process is super-fast

 

Estimated Time to fill the form is 3 minutes

 

How to Withdraw Money from FP Markets Broker

The process of withdrawing the money is super easy, here’s how you can do it.

  • Login to your account and then head towards the withdrawal page by Clicking Here
  • Now enter the information that they asked you to enter like shown in the screenshot below:
  • Once entered all the information, click on the Send button and you’re done

Now, as we are done with the opening of the account and withdrawing the money, let’s discuss what customers have to say about this platform.

Customers Reviews and Comparison with IC Markets

So, before we head towards the comparison, we have selected the top 3 critical reviews from the customer (Without being biased) in order to help you understand “If the platform is worth it or not.”

Let’s give that review a quick look:

  • Nathan Ray: The customer service is great. They are very helpful, knowledgeable, and professionals. I have been running the demo account and planning to open the trading account by looking at the great behavior of the team. Thumbs up!
  • Blendon Gear: The team is organized, a very professional atmosphere, and customer service is always ready to help. This place is second to none, and you can actually rely on them with your money. The withdrawal and depositing the money is super easy.
  • Tomi Anderson: FP Markets Broker is such a great marketplace for the “Forex Investors.” I have searched and worked with a lot of Forex Brokers, but guess what? They are the best!

You’ll hardly find any negative review about FP Markets Broker because they are so professional. If you want to look at more customer reviews, you can simply head towards “Trust Pilot.”

Now, it’s time to discuss the comparison of “FP Markets Broker” with IC Markets.

Let’s rock and roll!

Comparison - FP Markets vs. IC Markets


FP Markets


IC Markets

Ratings: 9/10

Ratings: 9.2/10

Regulated by: ASIC

Regulated by: ASIC

Headquarter: Sydney, Australia

Headquarter: Sydney, Australia

Forex Pairs: 60

Forex Pairs: 60

Commodities Offered: 18

Commodities Offered: 19

Platforms: MT4, MT5, and IRESS

Platforms: MT4, MT5, and Web Trading

Demo Account: Yes

Demo Account: Yes

VIP Account: No

VIP Account: No

So, that’s all from the comparison of FP Markets with IC Markets. It’s time to talk about the advantages and disadvantages of “FP Markets” in order to help you know more about this platform.

Let’s talk about it.

Advantage and Disadvantages of FP Markets Broker

Following are the advantages and disadvantages of FP Markets Broker:

FP markets Advantages:
  • There’s almost no Forex fee for all the account types
  • Opening of the account and Withdrawing the money is super easy and fast
  • You won’t face any problem when depositing the money
  • The website design is second to none (They have updated it recently)
FP markets Disadvantages:
  • They charge you a high fee for the IRESS Account
  • They have a limited amount of product portfolio

So, these are the advantages and disadvantages of “FP Markets Broker” and let’s now talk about the contests, Promotions and Broker Bonuses.

Promotions, Broker Bonuses, and Contests

Let’s talk about the bonuses first:

As we all know, “FP Markets” is regulated by the ASIC, and they are fully regulated. Therefore, there’s no room for the account opening bonuses and on their trading account. But, you can still head towards their Bonuses Page to confirm if they are offering any.

Now, it’s time to talk about the promotions: There’s bad news for the ones who are looking for grabbing the opportunity of Bonuses and Promotions. Yes, they don’t offer any bonuses and promotions because it goes against the rules of their regulatory restrictions.

Let’s now talk about the contest: There was a contest going on in 2019 in which the one that scores the highest number will win the contest. But, they don’t have to offer any contests right now for the “Users,” and after the new website update, there’s no contests page on their website. This might be the indication that they have finished the “Contests” section from their platform.

But, you can subscribe to their daily newsletter in order to keep your eye on every news coming from their way.


Final thought

That’s all from the FP Markets Broker, and we would recommend you go for “FP Markets Broker” as they are trusted, regulated, and provide you everything you’re looking for.

The only negative side of the FP Markets Broker is “The High Fee for the Stock CFDs.” Otherwise, they are the best!

frequently ask questions

FPMarkets do not charge any deposit fees, with the exception of international bank transfers. You can see all the fees here: https://www.fpmarkets.com/int/funding/deposit-funds/

MT5 is the successor of the MT4 platform and has far superior functions and technology to MT4. Although MT4 is more popular at the moment (due to the length of time available on the market), eventually MT5 will completely replace it.

The minimum deposit to open an account from FPMarkets is AUD100 or equivalent for all types of MT4 and MT5 accounts.

Yes, all pricing on the MT4 and MT5 platforms is live with no delays.

Please login to your Client Area, on the left side of the screen click on “Funding”, choose “Deposit”, select the trading account to which you wish to deposit and click “Submit”.

The main reason why CFD trading is not available to US traders is that it is against US securities law. Over the counter financial instruments, such as CFDs, are heavily regulated through legislation like the Dodd Frank Act and enforced by the SEC (Securities and Exchange Commission).

FPMarkets offers a number of assets to trade with, including:

  • Forex
  • CFDs
  • Equities
  • Precious metals
  • Commodities
  • Indices
  • Cryptocurrency CFDs

FPMarkets was founded in 2005 and it is an Australian CFD and forex broker. It's regulated by the Australian ASIC and the Cypriot CySEC. FPMarkets is considered safe because it has a long track record and is regulated by the top-tier ASIC.

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