FP Markets Review 2023

FP Markets review
FP Markets Awards

FP Markets have won numerious industry awards over the 18 years they have been operating as a financial broker. We have listed the most notable awards and mentions for FP Markets below.

• Best Global Value Broker 2022 - The Global Forex Awards
• Best Forex Broker in Europe 2022 - The Global Forex Awards
• Best Forex Partners Programme 2022 - The Global Forex Awards
• Best Trade Execution 2022 - Ultimate Fintech Awards
• Best FX Broker Australia 2021 - FX Scouts
• Best Customer Service 2019 - Help Now!
• Outstanding Value CFD Provider 2019 - Canstar

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.

FP Markets Costs To Check

Modern brokers like FP Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FP Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FP Markets trading profitability.

How FP Markets Fees Compare Against Other Brokers

FP Markets Minimum Deposit

FP Markets requires a minimum deposit of 100 GBP/USD/EUR 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.

Don't be scared off by brokers like FP Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like FP Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

FP Markets Withdrawal Fees

FP Markets doesn't charge withdrawal fees.

FP Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your FP Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FP Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the FP Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FP Markets. Researching and comparing FP Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FP Markets funds frequently or dealing with large sums of money. Awareness of these FP Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FP Markets funds.

For example, FP Markets allows you to withdraw your funds to Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, eWallets, Neteller, PayPal, ApplePay, GooglePay, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, PayTrust88, PerfectMoney, DragonPay, Rupee, Pagsmile, Rapyd, Rapid, XPay, Finrax, LetKnowPay, LuqaPay, PayRetailers, VirtualPay, PaymentRush, B2Binpay, SticPay.

FP Markets Inactivity Fees

FP Markets does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FP Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all FP Markets fees and services. It's recommended that you check the FP Markets website before signing up. If you decide to close your FP Markets account, it's important to do so with the FP Markets broker customer support and obtain confirmation that no remaining FP Markets fees are due.

Brokers like FP Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

FP Markets Deposit Fees

FP Markets do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

FP Markets Commission Fees

FP Markets does charge commission on CFD instruments.

Brokerage firms like FP Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FP Markets trading account level held by the trader.

FP Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FP Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

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.

FP Markets is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

A 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 trading apps help you stay on top of your trades and execute them on the go.

See FP Markets's platforms

Is the FP Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the FP Markets trading platform to protect you on PC and mobile FP Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FP Markets web trading platforms.

FP Markets Trading Platform Options

After logging into your FP Markets account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• cTrader

Please be aware that FP Markets does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Let's 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 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FP Markets offers traders comprehensive features and tools to enhance their trading performance. The FP Markets MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FP Markets platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FP Markets traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FP Markets traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FP Markets trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FP Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FP Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FP Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FP Markets allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click 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 PCs and Apple Macintosh computers. FP Markets MetaTrader 4 is compatible with the latest macOS. 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 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade FP Markets MetaTrader 4 on iOS Devices

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

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FP Markets customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade FP Markets MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and FP Markets offers its clients access to the MetaTrader 4 platform on these devices. With the FP Markets MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FP Markets traders to stay on top of their trades and react quickly to changes in the market. With the FP Markets MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade FP Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on FP Markets are a powerful bundle of three major indicators designed to help traders make informed decisions. FP Markets MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help FP Markets traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FP Markets traders to potentially stay one step ahead.

FP Markets MetaTrader 4 Advanced Trading Tools

The FP Markets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FP Markets traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FP Markets provides traders with everything they need to succeed. The FP Markets MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FP Markets traders to analyze the market at any level of complexity.

Trade FP Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

FP Markets MetaTrader 4 AutoChartist

Autochartist on the FP Markets platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for FP Markets MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, FP Markets traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FP Markets users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FP Markets traders can navigate the platform and find the information they need to make informed trading decisions.

FP Markets Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FP Markets traders of all experience levels.

FP Markets review
FP Markets cTrader

FP Markets cTrader In Detail

FP Markets cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

FP Markets offers cTrader Premium Charting and Manual Trading Platform

FP Markets cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, FP Markets level II pricing, and fast execution. The FP Markets cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for FP Markets traders.

cTrader Copy available on FP Markets

FP Markets cTrader Copy empowers everyone on the FP Markets platform to share their investment and trading strategies for a fee or commission. FP Markets cTrader users can search and replicate the approaches available when investing. Furthermore, FP Markets traders can use their risk management configurations.

cTrader Automate available on FP Markets

cTrader Automate allows FP Markets traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the FP Markets cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on FP Markets

Build your FP Markets trading software using cTraders Open API. It is a free, secure and publicly available API for all. FP Markets developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows FP Markets trading developers to interact and interface with any FP Markets cTrader account.

You can learn more about the cTrader Platform Here.

FP Markets Trading benefits

• FP Markets Allows scalping
• FP Markets Allows hedging
• FP Markets Low min deposit
• FP Markets Offers Negative Balance Protection

FP Markets Trading Accounts Offered

Below we give an overview of the account types that FP Markets offer. Whatever you are looking to trade, the varying FP Markets account types will be able to provide you with what you need.

• FP Markets Demo account
• Micro account
• FP Markets Standard account
• FP Markets Raw account For MetaTrader 4 / MetaTrader 5
• FP Markets Platinum and Premier for IRESS platform

Can I try FP Markets?

FP Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a FP Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FP Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo FP Markets account to practice and trade.

Losses can exceed deposits

FP Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by FP Markets vary based on the FP Markets entity and the FP Markets client's country of residence. To view the FP Markets payment options available, you can log into your FP Markets member's area.

FP Markets offers various funding payment methods listed in your FP Markets dashboard if available in your region. To learn more about the FP Markets funding and withdrawal options available in your area, you can explore the FP Markets website.

FP Markets provides several payment methods for funding your FP Markets account. You may utilize any of these deposit options if they are available in your region. FP Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified FP Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FP Markets user's location. learn more about FP Markets funding and withdrawal methods.

FP Markets Payment Methods

Some FP Markets payment methods are local and are available only to specific regions. FP Markets account holders should check which payment methods are provided in your region.

• 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 eWallets
• FP Markets accepts Neteller
• FP Markets accepts PayPal
• FP Markets accepts ApplePay
• FP Markets accepts GooglePay
• 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 PayTrust88
• FP Markets accepts PerfectMoney
• FP Markets accepts DragonPay
• FP Markets accepts Rupee
• FP Markets accepts Pagsmile
• FP Markets accepts Rapyd
• FP Markets accepts Rapid
• FP Markets accepts XPay
• FP Markets accepts Finrax
• FP Markets accepts LetKnowPay
• FP Markets accepts LuqaPay
• FP Markets accepts PayRetailers
• FP Markets accepts VirtualPay
• FP Markets accepts PaymentRush
• FP Markets accepts B2Binpay
• FP Markets accepts SticPay

How can I start trading with FP Markets?

To open a trading account with FP Markets, individuals can sign up on the FP Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for FP Markets account validation and making a deposit. Once completed, FP Markets users can download the trading platform of their choice.

It's important to note that FP Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FP Markets maintain a trustworthy financial environment for its 10,000 users. Detailed information on the FP Markets trading platforms is available on their website.

Losses can exceed deposits

Performing trades with FP Markets

When using FP Markets, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. FP Markets have a max trade of 50 Lot.

FP Markets, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like FP Markets can be useful for traders starting or with limited capital.

Like other brokers, FP Markets margin requirements can differ depending on the traded instrument.

FP Markets offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about FP Markets, and see all of the FP Markets account features on the official FP Markets website.

CFD Trading on FP Markets

We will show you an example of the basics of using FP Markets leverage.

CFD trading on FP Markets allows traders to speculate on the price movements of various financial instruments against the broker FP Markets, without actually owning real assets. With CFDs, FP Markets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

FP Markets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, FP Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the FP Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, FP Markets leverage magnifies both profits and losses in trading.

Trading CFD trades on the FP Markets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced FP Markets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with FP Markets Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like FP Markets. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a FP Markets trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, FP Markets trading losses are always limited to the current balance of funds in the trader's account.

Even if an FP Markets trader experiences a significant loss, they will never owe more money than what is available in their FP Markets account balance.

It's important for FP Markets traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that FP Markets losses are limited to the funds available in your FP Markets account when negative balance protection is in place.

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

Stop-loss orders are a popular risk management tool traders use on platforms such as FP Markets . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for FP Markets traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FP Markets trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide FP Markets traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at FP Markets

To trade effectively with FP Markets, it's important to have a good understanding of the FP Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FP Markets and externally.

FP Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FP Markets. Familiarizing yourself with the FP Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using FP Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FP Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like FP Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with FP Markets. Explore the FP Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FP Markets, before live trading.

Customer Support at FP Markets

As part of our FP Markets review, we review customer service options, response times and problem resolution effectiveness on the FP Markets trading platform. The FP Markets trading platform supports multiple languages, which includes English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque.

FP Markets Available Support Types

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

Our experience with the FP Markets live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from FP Markets.

We tested communicating with FP Markets customer support in multiple languages and countries. FP Markets made an effort to resolve the issues we had.

Email Support at FP Markets

Our experience with FP Markets email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at FP Markets

Our experience with FP Markets phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with FP Markets.

See how FP Markets Support Compares Against Other Brokers

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), FSCA (FSP Number 50926).

As a new client of FP Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FP Markets in your region. During the FP Markets account opening process, you will be asked to provide FP Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with FP Markets have the following documents available.

• FP Markets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for FP Markets compliance. This must be dated within the last six months.
• If you plan to fund your FP Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FP Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under FP Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FP Markets's platform.

However, remember that you won't be able to make trades on FP Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FP Markets KYC compliance process as soon as possible to avoid any delays in accessing the FP Markets platform's features.

It is important to note that FP Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FP Markets platform and features immediately. However, you must pass the verification process to start live trading with FP Markets, which can take up to a few business days.

To start the process of opening an account with FP Markets you can visit the FP Markets trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from http://www.fpmarkets.com.au/ on September 28, 2023.

Watch this FP Markets Explainer Video

FP Markets review written by Andrew Blumer and Mark Hansen