FP Markets Review 2020

FP Markets Awards

FP Markets have won numerious industry awards over the 15 years they have been operating as a financial broker. We list the most notible awards and mentions for FP Markets below.

• Canstar Cannex 5 Stars Outstanding Value CFD Provider
• Smart Investor Recommended CFD Broker
• The Bull Winner Best Warrants Broker Finalist Best Online Broker
• Money Magazine Cheapest Non-Advisory Phone Broker
• Help Now! Challenge Best Customer Service May 2019
• Help Now! Challenge Best Customer Service June 2019
• Help Now! Challenge Best Customer Service July 2019
• Help Now! Challenge Best Customer Service August 2019
• Investment Trends Report 6x Winner #1 Most Satisfied Traders
• Investment Trends Report 4x Winner #1 Best Trade Execution
• Investment Trends Report 2x Winner #1 Best Education Material
• Investment Trends Report 1x Winner #1 Best Customer Service
• Global Forex Awards Best Global Value Broker 2019

FP Markets Sponsorship

FP Markets is a sponsor of events and sports. Sponsoring helps FP Markets give back to the community and build brand awareness.

FP Markets sponsor ASM Academy which is a golf academy that benefits and nurtures young golfers. Learn more by clicking the link.

FP Markets General Fees

• FP Markets doesn't charge withdrawal fees
• FP Markets doesn't charge inactivity fees
• FP Markets does charge deposit fees

Broker	FP Markets	XTB	eToro	Pepperstone
Min Deposit	100	0	200	200
Withdrawl Fees	No	varies	Yes	No
Inactivity Fees	No	No	Yes	Yes
Deposit Fees	Yes	No	No	No
CFD Commission Fees	Yes	Yes	No	Yes

FP Markets Commissions

• FP Markets does charge commission on CFD instruments.

Trading on FP Markets web platforms and other applications

FP Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An FP Markets IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FP Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

FP Markets Trading benefits :

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Offers Negative Balance Protection

FP Markets Trading Accounts Offered :

• Demo account
• Mini account
• Standard account
• ECN account
• STP account
• Managed account
• Islamic account

Can I try FP Markets before I buy?

FP Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FP Markets withdrawl and funding methods.

FP Markets offer the below funding payment methods. learn more about FP Markets

• Credit cards
• Bank Transfer
• PayPal
• Skrill
• Payoneer
• Neteller
• UnionPay

Broker	FP Markets	XTB	eToro	Pepperstone
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with FP Markets?

When opening a trading account with FP Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FP Markets trading platforms here.

Performing trades with FP Markets

FP Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FP Markets allow you to execute a maxium trade of 50 Lot. As FP Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

FP Markets also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FP Markets here.

FP Markets Leverage and FP Markets CFDs Explained

let's take a look at some of the basics of using FP Markets leverage.

FP Markets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FP Markets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FP Markets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FP Markets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FP Markets CFDs are typically used for short to medium term trades. For example FP Markets intraday trading.

Limiting Your Risk When Trading with FP Markets Negative Balance Protection

We should say something about negative balance protection with FP Markets. When trading using leverage an adverse move could result in losing more than your trading account balance at FP Markets. Your FP Markets account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of your account the money in your account.

Limit Risk When Trading with FP Markets Stop Loss, FP Markets Stop Limit Orders

A stop-loss order is an order placed with a broker like FP Markets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FP Markets

To trade effectively with FP Markets, it's important to get a have a good understanding of the XTB trading tools and the markets.

FP Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FP Markets.

Take time to look around the FP Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FP Markets

FP Markets support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese

FP Markets have a double AA grade support rating because FP Markets offer live chat and email support and less than three languages.

Livechat Support at FP Markets

We tested the FP Markets live chat and it works well. We sent messages to FP Markets livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with FP Markets support in multiple languages in multiple countries. FP Markets where able to quickly resolve our customer issues.

Email Support at FP Markets

We sent several emails to FP Markets and answer times overall were excellent. The fastest response from FP Markets was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with FP Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FP Markets.

Phone Support at FP Markets

We called FP Markets and the call was answered very quickly. The call was answered in less than 5 minutes.

The FP Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FP Markets team by calling in varying languages. FP Markets made an effort to make sure our queries were answered.

Overall great phone support from FP Markets.

See how FP Markets Support Compares Against Other Brokers

Broker	FP Markets	XTB	eToro	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, German, Spanish, French, and Italian	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit FP Markets	Visit XTB	Visit eToro	Visit Pepperstone
Risk Warning	Losses can exceed deposits	Your capital is at risk	65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with FP Markets

As FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FP Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FP Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fpmarkets.com.au/ on 12th August 2018.

Watch this FP Markets Informational Video

FP Markets review written by Andrew Blumer and Mark Hansen