FP Markets Review for 2019

FP Markets Rated 4/5

FP Markets Introduction

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 break down 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.

Open FP Markets's Website

As with any investment your capital is at risk, losses can exceed deposits.

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

With this 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 what you should know

FP Markets offer one way to trade: Forex.

With FP Markets you will need a minimum deposit of $200. 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.


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 14 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 ASiC 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

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

What we like

  • Used by over 10,000 traders
  • Established in 2005
  • Regulated by ASiC
  • Min. deposit from $200

What we don't like

FP Markets General Fees

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

FP Markets Commissions

  • FP Markets does charge commission on CFD shares

What can you trade with FP Markets?

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 Interactive Brokers and XTB below.

FX / Currencies FP Markets IB XTB
# of forex pairs offered 60 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs FP Markets Interactive Brokers XTB
# of commodities offered 18 0
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs FP Markets Interactive Brokers XTB
# of Stocks offered 10000 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
FP Markets's
Instruments
IB's
Instruments
XTB's
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.

See FP Markets's platforms

FP Markets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

FP Markets Trading Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed 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

What funding methods do FP Markets accept?

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

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, but as a guide, FP Markets offer margin up to 0.01% on currencies.

Support at FP Markets

FP Markets support a limited number including English, and Chinese

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

What you will need to open an account with FP Markets

As FP Markets is regulated by ASiC, 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.

FP MARKETS Frequently Asked Questions

Can I try FP Markets before I buy?

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

What funding methods do FP Markets accept?

FP Markets offer the below funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, among other payment methods. Learn more here

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 ASiC. 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.