FP Markets Review 2020

FP Markets Rated 4/5
FP Markets Review Screenshot

FP Markets Guide - Read our In Depth FP Markets Review

This FP Markets review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
The content in this FP Markets review does not apply to US users.

FP Markets are an online broker founded in 2005 offering Forex trading, and CFDs trading.

FP Markets are a global broker and have a head office in Australia.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FP Markets we breakdown the pros and cons. What FP Markets are able to offer, what countries FP Markets are available in. Who FP Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FP Markets

Open FP Markets's Website

Losses can exceed deposits

FP Markets are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page. Open FP Markets's Wikipedia page

At the bottom of this review you can also learn about some pretty good alternatives to FP Markets

With this FP Markets review we hope to help you see if FP Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FP Markets that will help you get off to a good start in the world of online trading.

FP Markets Review Table of Contents

FP Markets review
What you should know

FP Markets offer two ways to trade: Forex, CFDs.

With FP Markets you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FP Markets platform.

FP Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


FP Markets review
Are FP Markets safe?

When choosing a broker like FP Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2005, and in operation for 15 years FP Markets have a head office in Australia.

FP Markets is regulated. This means FP Markets are supervised by and is checked for conduct by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FP Markets, this will be honored. If FP Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to FP Markets accounts by traders are held in a segregated bank account.

For added security FP Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FP Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FP Markets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FP Markets as a Company Compare Against Other Brokers

Broker FP Markets IC Markets XTB City Index
Year Established 2005 2007 2002 1983
Head Office Australia Australia Poland UK
Regulation Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Used By 10,000+ 60,000+ 200,000+ 14,000+
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit FP Markets Visit IC Markets Visit XTB Visit City Index
Risk Warning Losses can exceed deposits Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

FP Markets review
FP Markets Pros and Cons

What we like about FP Markets

  • Used by over 10,000 traders
  • Established in 2005
  • Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $100

What we don't like about FP Markets

FP Markets review
FP Markets Regulation and Licensing in more detail

We have checked and FP Markets is regulated and supervised by reputable organisations. You are able to check every FP Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FP Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FP Markets traders and provide a safe trading environment.

FP Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FP Markets you should be sure they're legitimate online agent.

FP Markets review
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 review
FP Markets Fees Explained

  • FP Markets doesn't charge withdrawal fees
  • FP Markets does not charge a fee for inactive accounts.
  • FP Markets does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FP Markets Fees Compare Against Other Brokers

Broker FP Markets IC Markets XTB City Index
Min Deposit 100 200 0 25
Withdrawal Fees No No varies Varies
Inactivity Fees No No No Yes
Deposit Fees Yes Varies No Varies
CFD Commission Fees Yes Yes Yes 0.0015

FP Markets review
FP Markets Minimum Deposit

FP Markets require a minimum desposit of 100 GBP/USD when opening an FP Markets trading account.

A minimum deposit is the minimum amount of money required by FP Markets to open a new online brokerage account with them.

Dont be scared off by brokers like FP Markets charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FP Markets review
FP Markets Withdrawal Fees

FP Markets doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FP Markets for example allow you to withdraw your funds to to a verified PayPal account, a Skrill account, a BPay account, a FasaPay account, a Paytrust88 account, a Online Pay account, a Broker t Broker account, a Neteller account, a UnionPay account, and a bank account via a wire transfer.

FP Markets review
FP Markets Inactivity Fees

FP Markets does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FP Markets review
FP Markets Desposit Fees

FP Markets does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FP Markets review
FP Markets Commission Fees

FP Markets does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FP Markets review
What can you trade with FP Markets?

Be aware that Different entities under FP Markets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FP Markets over 100 instruments infact.

If you are looking at trading currency pairs FP Markets offer over 60 currency pairs.

Compare FP Markets with IC Markets and XTB below.

Losses can exceed deposits

How FP Markets Trading Options Compare Against Other Brokers

Broker FP Markets IC Markets XTB City Index
Instruments Available 100 232 1,500 12,500
Platforms MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 60 65 50 100
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 18 19 21 26
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 10000 100 1696 4500
UK Shares Yes No Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit FP Markets
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% 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.
Visit City Index
74% of retail investor accounts lose money when trading CFDs with this provider

FP Markets review
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.

See FP Markets's platforms

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
  • Zero spread 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

Losses can exceed deposits

FP Markets withdrawal and funding methods.

Please note that the list of payment methods below depend on the FP Markets Entity and the Clients Country of Residence.

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

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Debit Cards
  • BPay
  • FasaPay
  • Paytrust88
  • Online Pay
  • Broker t Broker
  • Neteller
  • UnionPay
Broker FP Markets IC Markets XTB City Index
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes No
Payoneer No No Yes Yes
Neteller Yes Yes Yes No

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.

Losses can exceed deposits

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 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 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 FP Markets 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 in multiple 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 IC Markets XTB City Index
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, German, Arabic, Polish, and Chinese
Learn More Visit FP Markets Visit IC Markets Visit XTB Visit City Index
Risk Warning Losses can exceed deposits Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FP Markets Brand may be different.

  • 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 3 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 the FP Markets trading platform 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.

FP Markets review
Watch this FP Markets Explainer Video

FP Markets review
Is FP Markets A Good Broker?

We spent over 3 months examining FP Markets in depth. Although FP Markets are not perfect we found many really useful aspects with the overall offering from FP Markets. Our personal experience of trading with FP Markets was very good. Weighing up many points FP Markets is a good broker.

  • FP Markets have a good track record of offering Forex, CFDs.
  • FP Markets has a history of over 15 years.
  • FP Markets has a reasonable sized customer support of at least 10.
  • FP Markets are regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). This means FP Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FP Markets have regulation from a Tier 1 reputable country.
  • FP Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FP Markets have an international presence in multiple countries. This includes local FP Markets seminars and training.
  • FP Markets are able to hire people from various locations in the world who can better communicate in your local language.

FP Markets Risk Disclaimer

Losses can exceed deposits

FP Markets review
FP Markets not quite right?

If after reading this FP Markets review, FP Markets does not fulfill your needs check out these FP Markets Alternatives.

Click here to view the best FP Markets Alternatives

We have spent years researching the best alternatives to FP Markets. Click the links below to learn more.

If you feel some of the above FP Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FP Markets alternatives below.

FP Markets review
Related FP Markets Vs Comparisons

We have covered allot in this FP Markets review, If you want to see how FP Markets compares side by side with other brokers check out our FP Markets Vs pages.

If you would like to see how FP Markets stands up against other brokers you can read some of our FP Markets comparisons below. We compare side by side some of our top rated FP Markets versus comparisons. Read our indepth FP Markets VS pages below.

FP Markets review
FP MARKETS Frequently Asked Questions

Can I try FP Markets before I buy?

FP Markets offer a demo account so you can try the FP Markets platform before you put down a payment. Learn more here

What funding methods do FP Markets accept?

Please note that the list of payment methods below depend on the FP Markets Entity and the Clients Country of Residence.

FP Markets offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is FP Markets safe?

FP Markets are considered safe as they are regulated by and checked for conduct by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). Any payments funded to FP Markets accounts by traders are held in a segregated bank account. For added security FP Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FP Markets trading good?

FP Markets is considered good and reputable to trade with. FP MarketsFP Markets is used by over FP Markets active traders. FP Markets offers Forex trading, and CFDs trading. Minimum deposit with FP Markets is 100.

Is FP Markets trading Legit?

FP Markets was founded in Australia in 2005. FP Markets has been facilitating trade on the financial markets for over 15 years. FP Markets offers clients Forex trading, and CFDs trading. All funds deposited to FP Markets are held in segregated tier 1 bank accounts for security. FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is FP Markets a good broker?

FP Markets is overseen by the top tier financial regulators Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. FP Markets allows Forex trading, and CFDs trading.

Is FP Markets trustworthy broker?

FP Markets can be considered trustworthy. All money funded to FP Markets is placed into a segregated tier 1 bank account. this means your money in not held by FP Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for FP Markets?

The minimum deposit to trade with FP Markets is 100.

How long do FP Markets withdrawals take?

Withdrawing money from FP Markets processing time varies but averages 2-5 days.

Is FP Markets regulated?

FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).

Is FP Markets a market maker?

FP Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by FP Markets even if no buyer is lined up.

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.

Is my money safe with FP Markets?

FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like FP Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FP Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FP Markets a con?

FP Markets is regulated and well established having been in business for over 15 years. FP Markets is definitely not a con.

Can you make money with FP Markets?

Although traders have had great success with FP Markets. Trading on the financial markets with FP Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does FP Markets have fees?

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

When was FP Markets founded?

FP Markets was founded in 2005.

How many people use FP Markets?

FP Markets is used by over 10000 registered traders.

What is FP Markets Headquarters country?

FP Markets has its head quarters office in Australia.

Does FP Markets offer negative balance protection?

FP Markets offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FP Markets offer guaranteed stop loss?

FP Markets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FP Markets allow scalping?

FP Markets offers scalping.

Does FP Markets allow hedging?

FP Markets offers hedging.

Does FP Markets offer CFD trading?

FP Markets offers CFD trading.

Does FP Markets offer STP?

FP Markets offers STP trading.

How many people use FP Markets?

FP Markets is used by over 10000 traders.

Is FP Markets an ECN broker?

FP Markets offers ECN trading.

Does FP Markets offer a demo account?

FP Markets offers a demo account.

Does FP Markets offer an Islamic account?

FP Markets offers a Islamic accounts.

What are the funding methods for FP Markets?

FP Markets accept the following funding methods : Debit Cards, BPay, FasaPay, Paytrust88, Online Pay, Broker t Broker,Credit cards, PayPal, Skrill, Neteller, UnionPay, Bank Transfer.

FP Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FP Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FP Markets review written by Mark Hansen of Comparebrokers.co