FP Markets Review 2019

FP Markets Rated 4/5

FP Markets Guide

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

FP Markets are a global broker and have multiple offices around the world including 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 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.

Benefits of trading with FP Markets

  • Regulated by: Australian Securities and Investment Commission (ASIC)
  • Headquarters Country : Australia
  • Foundation year 2005
  • Min Deposit : 200
  • Used by over 10,000 traders
  • FP Markets is not available in the following countries : US, JP, NZ
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 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 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 Australian Securities and Investment Commission (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

Losses can exceed deposits

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

Broker FP Markets XTB Pepperstone eToro
Year Established 2005 2002 2010 2006
Head Office Australia Poland Australia Cyprus, UK
Regulation Australian Securities and Investment Commission (ASIC) 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) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit FP Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk 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.

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)
  • Min. deposit from $200

What we don't like about FP Markets

FP Markets Financial Regulation and Supervision 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 Awards

FP Markets have won numerious industry awards over the 13 plus years they have been operating as a financial broker. We list the most notible awards and mentions for FP Markets below.

  • Global Forex Best Global Forex Value Broker 2019 Winner
  • Help Now! Challenge Best Customer Service 2019 Winner
  • Financial Review Smart Investor Recommended CFD Broker
  • Money Magazine Cheapest Non Advisory Phone Broker 2012 Winner

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 Pepperstone eToro
Min Deposit 200 0 200 200
Withdrawl Fees No varies No Yes
Inactivity Fees No No Yes Yes
Deposit Fees Yes No No No
CFD Commission Fees Yes Yes Yes No

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 XTB and Pepperstone below.

Losses can exceed deposits

Broker FP Markets XTB Pepperstone eToro
Instruments Available 100 1,500 100 100
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit FP Markets Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 60 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FP Markets Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 18 21 16 0
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit FP Markets Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 10000 1696 60 957
UK Shares No Yes No Yes
US Shares No Yes No Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes No Yes

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 and withdrawl methods do FP Markets accept?

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker FP Markets XTB Pepperstone eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No 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.

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.

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 and email support and less than three languages.

Broker FP Markets XTB Pepperstone eToro
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, and Chinese English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit FP Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk 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.

What you will need to open an account with FP Markets

As FP Markets is regulated by Australian Securities and Investment Commission (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.

Watch this FP Markets Informational Video

FP Markets Bottom Line

  • FP Markets have a good track record of offering Forex.
  • FP Markets has a history of over 13 years.
  • FP Markets has a reasonable sized client support call center of at least 10.
  • FP Markets are regulated by Australian Securities and Investment Commission (ASIC). 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 not quite right?

Check out these 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.

Related FP Markets Comparisons

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 some indepth FP Markets VS pages below.

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 following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

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). 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.