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.

What is FP Markets?

FP Markets are an a global online financial trading platform and multi asset broker founded in 2005

Over 15 years later FP Markets has grown to offering retail investors 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.

We will dive deep in this FP Markets review and assess how well the FP Markets platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FP Markets can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FP Markets review useful.

This review of the FP Markets platform is very detailed. If you are interested in trading with FP Markets in any capacity please take the time to read and research the whole FP Markets review.

We have tried to explain the ins and outs of financial trading through the FP Markets platform as plainly as possible so that you the trader are as informed as possible before you start to use the FP Markets trading tools and depositing and withdrawing funds from FP Markets.

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

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FP Markets like Forex trading, and CFDs trading. you should have confidence in FP Markets and know that the management of your financial investments on the FP Markets platform is in good hands.

At the bottom of this FP Markets 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
FP Markets is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about FP Markets. FP Markets is a multi asset platform with 100+ tradable Assets. Assets available on FP Markets include Forex, CFDs.

FP Markets trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs are considered financial assets.

FP Markets review
Features of FP Markets

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 Investments 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.

FP Markets review
Is my money safe with FP Markets?

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.

What are Tier 1 banks and why should FP Markets use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FP Markets deposited in a Tier 1 bank?

Having any money you deposit with FP Markets means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FP Markets goes out of business for some reason.

Therefore, we can safely conclude that FP Markets is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FP Markets also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding FP Markets. let us look at the FP Markets features in more detail.

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 eToro IC Markets XTB
Year Established 2005 2006 2007 2002
Head Office Australia Cyprus, UK Australia Poland
Regulation Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ FP Markets users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit FP Markets Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

FP Markets review
FP Markets Pros and Cons

What we like about FP Markets

  • Used by over 10,000 FP Markets users and traders
  • Established in 2005
  • Regulated by Australian Securities and Investments 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
Is FP Markets Global?

Yes, FP Markets is global as FP Markets is available in over 192 countries.

FP Markets is a global trading platform in the sense that it operates in 192 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FP Markets covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. As per its Wikipedia page, FP Markets has a total of more than 10,000 users. Commendable figures from FP Markets.

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 eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees Yes No Varies No
CFD Commission Fees Yes No Yes Yes

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 Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer.

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 eToro and IC Markets below.

Losses can exceed deposits

How FP Markets Trading Options Compare Against Other Brokers

Broker FP Markets eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 60 50 65 50
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 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 10000 957 100 1696
UK Shares Yes Yes No 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 eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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.

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 review
Is the FP Markets Trading Platform Secure?

FP Markets safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FP Markets also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FP Markets.

FP Markets review
FP Markets Trading Platform Options

Once you have logged into your FP Markets account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

FP Markets does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

FP Markets does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options FP Markets gives you.

FP Markets review
FP Markets MetaTrader 4 (MT4)

FP Markets MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FP Markets. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FP Markets in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FP Markets MetaTrader 4 is compatible with the latest macOS Mojave. FP Markets allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FP Markets

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FP Markets MetaTrader 4 on IOS Devices

You can download the FP Markets app or also trade with FP Markets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FP Markets MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FP Markets provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FP Markets MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FP Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FP Markets MetaTrader 4 Advanced Trading Tools

The FP Markets advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FP Markets offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FP Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FP Markets MetaTrader 4 AutoChartist

FP Markets Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

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 FP Markets 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

FP Markets Payment Methods

  • FP Markets accepts Credit cards
  • FP Markets accepts VISA
  • FP Markets accepts MasterCard
  • FP Markets accepts Debit cards
  • FP Markets accepts Bank Transfer
  • FP Markets accepts Electronic wallets (eWallets)
  • FP Markets accepts Neteller
  • FP Markets accepts BPAY
  • FP Markets accepts POLi
  • FP Markets accepts PayPal
  • FP Markets accepts Neteller
  • FP Markets accepts Skrill
  • FP Markets accepts PayTrust
  • FP Markets accepts NganLuong VN
  • FP Markets accepts Fasapay
  • FP Markets accepts Broker to Broker
  • FP Markets accepts OnlinePay China
  • FP Markets accepts Directa24
  • FP Markets accepts Klarna
  • FP Markets accepts PayTrust88
  • FP Markets accepts Payoneer
Broker FP Markets eToro IC Markets XTB
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 No 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.

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 eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FP Markets Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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 Investments 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 November 25, 2020.

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 Investments 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
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FP Markets review
Related FP Markets Vs Comparisons

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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 Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer, 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 Investments 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 Markets. FP Markets is used by over 10000 active traders and FP Markets users. 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 Investments 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 Investments 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 Investments 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 Investments 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 Investments 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 FP Markets users.

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 FP Markets users and 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 : Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer.

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