FP Markets Overview
Telephone: +61 2 8252 6800
Regulation: ASIC (Australia), CySEC
Pairs offered: 60+ comprese tutte le valute Majors
Minimum Deposit: €100
Spreads From: 0.0 PIPs
Max Leverage: 30:1
Markets: Forex, Copy Trading, Metals, Commodities, Indices, CFDs

FP Markets Broker Review

FP Markets is an established forex broker with many years of experience in the industry. It is globally regulated to deliver world-class FX trading, with a wide range of major, minor, and exotic currency pairs. This forex brokerage features tight spreads, competitive fees, and rapid executions of trades. FP Markets is respected by traders, thanks to a powerful set of trading platforms, thousands of assets, and excellent customer support and service.

Overview/ Background

 

FP Markets was established in 2005. It quickly became a market-leading entity, with established forex trading services around the world. FP Markets is fully regulated as a CFD broker, and forex broker, with dozens of awards to its credit. The company offers access to 10,000+ financial instruments, many as CFD products across the world’s premier exchanges. With pips starting as low as 0.0 on major currency pairs, raw pricing, zero restrictions on trading, and rapid executions of trades, FP Markets distinguishes itself from the competition. Among others, traders are privy to indices, commodities, metals, shares, and of course forex.

 

This forex broker has positioned itself as a market leader with its raw pricing on MetaTrader 4. Among others, FP Markets offers deep liquidity, complete transparency, tight raw spreads, and low latency. Other reasons why so many forex traders are switching to FP Markets include direct access pricing on the IRESS DMA trading platform for CFD trading. But it’s the overall package of trading solutions that makes FP Markets a winner. With MetaTrader 4, MetaTrader 5, WebTrader for mobile (Android and iOS), and IRESS, there are plenty of ways to execute forex trades at your leisure.

 

The company prides itself on its distinguishing features, notably 24/5 customer support in multiple languages. Plus, it allows for rapid execution of trades with low latency. Safety is enhanced by way of globally segregated client funds – that way account balances are protected against insolvency, bankruptcy, or claims against the company. FP Markets is fully licensed and regulated by ASIC (Australian Financial Services Licence). With live trading accounts, and demo accounts available, it’s possible to practice trading techniques, tactics, and strategies at zero risk.

 

 

Account Types

 

There are different types of accounts at FP Markets, each of which is tailored to specific clients. For example, there are retail trading clients, and wholesale investors/sophisticated clients. The Forex account types include a Standard Account for MetaTrader 4 and MetaTrader 5, and the popular option, the Raw Account for MetaTrader 4 and MetaTrader 5.

 

Standard Account Features

  • Zero commissions
  • Spreads from 1.0 pips
  • Maximum leverage of 30:1
  • Minimum deposit of $100, or currency equivalent

 

*Available to clients in a complimentary demo trading account

 

Raw Account Features

  • $3.00 commission per lot each way
  • Spreads from 0.0 pips
  • Minimum deposit of $100, or currency equivalent
  • Maximum leverage of 30:1

 

*Available to clients in a complimentary demo trading account

 

 

IRESS Accounts

 

Standard Account

 

  • Commission of $10 minimum, then 0.1%
  • A minimum deposit of $1000
  • 3% (Minimum) equity CFD margin rates
  • A base rate of financing at FP Markets base rate +4.0%

 

Platinum Account

 

  • Commission of $9 minimum, then 0.9%
  • A minimum deposit of $25,000
  • From 3% equity CFD margin rates
  • A base rate of financing at 3.5% + FP Markets base rate

 

Premier Account

 

  • There is no minimum commission, then 0.08%
  • Minimum deposit amount is $50,000
  • From 3% equity CFD margin rates
  • FP Markets base rate +3.0% financing

 

* All IRESS accounts available to clients as complimentary demo accounts too.

 

 

 

FP Markets Pro Account

 

One of the premier account types at this forex broker is the FP Markets Pro Account. This confers the following benefits:

 

  • Major and minor forex pairs leverage of 1:500
  • Major indices leverage 1:100
  • Gold trading leverage of 1:500
  • Commodities (not gold) trading leverage of 1:100
  • Minor indices leverage of 1:100
  • Shares leverage of 1:20
  • Cryptocurrency leverage of 1:5

 

A wide range of financial instruments is fully supported with the FP Markets Pro Account. These include some 10,000+ financial instruments.

 

 

The FP Markets Retail Account features the following:

 

  • Major forex pairs leverage of 1:30
  • Minor forex pairs leverage of 1:20
  • Major indices leverage of 1:20
  • Gold leverage of 1:20
  • Commodities (not gold) leverage of 1:10
  • Minor indices leverage of 1:10
  • Shares leverage of 1:5
  • Cryptocurrency leverage of 1:2

 

The accounts at FP Markets Pro further protect traders against loss by implementing negative balance protection. This is applicable to MetaTrader 4 and MetaTrader 5 accounts. As is standard with higher leverage, a lower margin is required. Pro traders are also privy to personal account managers, access to a VIP program, and incentives for referrals.

 

Access to the FP Markets Professional account is restricted to high net worth individuals with at least AU$2.5 million, verified by a qualified accountant within the last six months. Alternatively, the means test of AU$250 K per annum must be met.

 

Again, this should be validated by a certified account within the last six months. Other eligibility criteria include experienced trader tests, with income and net asset requirements meeting the minimum threshold set by FP Markets.

 

 

Trading Platform/ software

 

A wide range of trading platforms is provided to forex traders at FP Markets. These include the signature platforms of MetaTrader 4 and MetaTrader 5.

 

MT4 is available for Windows, Mac, iOS, Android, as well as WebTrader. As the #1 Forex trading platform in the world, MT4 offers traders a full suite of tools, resources, and currency pairs. Among others. The FP Markets MT4 platform offers forex traders the following options:

 

  • MarketWatch
  • Expert Advisors
  • Customizable alerts
  • Quick-click functionality
  • 128-bit encryption technology
  • Fully compatible with Android and iOS devices
  • A customized user-interface with technical trading tools
  • Live streaming pricing with demo accounts and live accounts

 

MT5 is the upgraded version of MetaTrader 4 and is ideal for a wide range of assets, including currency pairs trading, cryptocurrencies, indices, commodities, metals, and shares. MT5 is compatible with Windows, WebTrader, Mac, Android, and iOS devices. Among the many features of MT5 trading platforms are the following:

 

  • A wide range of technical indicators
  • Forex trading signals and copy trading functionality
  • Spreads from as low as 0.0 pips with leverage as high as 30:1
  • 6 unique actions including Sell Stop Limit, Buy Stop Limit, and others.
  • Ability to trade currency pairs, cryptocurrencies, shares, commodities, and indices

 

Other trading platforms include WebTrader for MetaTrader 4 and MetaTrader 5, with no-download functionality, direct off your browser. There is also the proprietary trading platform offered by FP Markets known as IRESS. The WebIRESS trading platform comprises the following elements:

 

  • Works on all browsers
  • Ability to manage multiple portfolios
  • Real-time price streaming of financial instruments
  • Access genuine exchange pricing, with market depth

 

The IRESS Trader option is ideal for trading currency pairs, commodities, indices, and Contracts for Difference.

 

 

Bonuses

 

FP Markets is a fully regulated trading brokerage and therefore does not provide new traders, or existing traders with any bonuses or promotional offers. These enticements are not legal according to the rules of the ASIC.

 

 

Deposit options

 

FP Markets offers clients a wide range of deposit options. These include online wallets, debit cards, credit cards, bank wire transfers, and online banking. Examples of deposit options include The following:

 

  • Skrill
  • VISA
  • PayPal
  • Poli Pay
  • FasaPay
  • PayTrust
  • Directa24
  • MasterCard
  • NETELLER
  • Luong.vn
  • Broker to Broker
  • Bank Wire Transfer
  • Online Banking Options

 

The minimum deposit amount for Standard and Raw accounts is AU$100, or currency equivalent. For IRESS trading accounts, the minimum deposit amount is AU$1000, or currency equivalent.

 

It is worth pointing out that this Forex trading brokerage doesn’t charge any deposit fees, and all internal bank fees on global deposits are covered.

 

When it comes to withdrawals, the internal fees amount to AU$6 for internal bank fees. Since all client funds are segregated, based on rules set in place by the ASIC, it is safe and secure to deposit and withdraw with FP Markets.

 

 

 

Markets

 

There are 5 broad categories of markets available to clients, including the following options:

 

  • Forex – 60+ currency pairs including AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, UD/SGD, AUD/USD, CAD/CHF, CAD/JPY, EUR/CAD, EUR/AUD, EUR/CHF, EUR/GBP, EUR/NZD, GBP/CAD, GBP/NZD, GBP/SEK, GBP/USD, NZD/SGD, USD/HPD, USD/JPY, USD/SEK, USD/SGD, and others.

 

  • CFD Shares – Shell, BP, HSBC, Rio, RBS, Lloyds, Vodafone, Starbucks, Intel, Apple, Microsoft, Google, Amazon, Booking, eBay, Costco, Visa, MasterCard, American Express, JPMorgan, AT&T, Oracle, Wells Fargo, Blackstone, FedEx, Daimler, Bayer, Santander, Telefonica, B&B, Air France, Tesco, easyJet, Trustpilot, and others.

 

  • CFD Metals – Gold USD, Gold AUD, Silver USD, Silver AUD, Platinum USD, Palladium USD.

 

  • CFD Commodities – WTI crude oil, XTI/USD, XBR/USD, XNG/USD, XAU/USD, XAU/AUD, XAG/USD, and XAG/AUD.

 

  • CFD Indices – US 500, AUS 200, VIX, USD Index, HK 50, FRA 40, GER 30, CHINA 50, EURO 50.

 

 

 

 

Customer Support

 

Fortunately, it’s really easy to get in touch with customer support representatives at FP Markets. Traders have access to several convenient contact options. These include telephone, live chat, email, FAQs, and dedicated social media pages. Customer support representatives are on the ball, with highly responsive agents, professional feedback, and a focus on customer service excellence.

 

  • The telephone number is +61-2-8252-6800
  • The toll-free telephone number is 1 300 376 233
  • The fax number is + 61-2-8252-6899
  • The email address for support is support@FP Markets.com
  • Social media connectivity is available through YouTube, LinkedIn, Instagram, Twitter, and Facebook

 

Call back functionality is also available with this forex trading broker. The company’s head office is located in Sydney, with AFSN #286354. Traders can contact the company from Monday to Saturday, between the hours of 7 AM and 7 AM (AEDT), and from Sunday – Friday between the hours of 10 PM and 10 PM (GMT).

 

The support team is essentially available 24/7, courtesy of all the contact options such as email, telephone, and live chat functionality. The FAQ page is particularly useful with regards to finding answers to stock questions.

 

The FAQs allow you to access a wide range of content on the following topics:

 

  • Top 10 questions, account-related questions, company formation, deposits and withdrawals, trading issues, and partners.

 

 

Safety

 

FP Markets is fully regulated by the ASIC (Australian Securities and Investments Commission), with a license granted by AFSL (Australian Financial Services Licence). As such, this forex broker operates according to strict guidelines, as determined by the Australian authorities.

 

Safety is further issued by way of international recognition of this forex broker’s service excellence, trading platforms, and functionality. In 2020, FP Markets won the prestigious Best Global Value Forex Broker award. Plus, this brokerage is the recipient of dozens of other world-class awards.

 

In terms of safety and security, client data, funds, and connections are secured by way of 128-bit SSL encryption. Fully segregated accounts with triple-A-rated banks are in place. This means that all client funds are segregated from FP Markets finds, as determined by Australian Client Money Rules, under the broad umbrella of the corporation’s act. The company also has indemnity insurance.

 

It is worth pointing out that FP Markets does not offer negative balance protection, but it is possible to speak with a customer account manager to put protections in place. There are no Investor Compensation Fund options available, but in the unlikely event of bankruptcy or insolvency, the company’s funds will be used to compensate investors.

 

 

Ease of Use

 

FP Markets is surprisingly easy-to-use, despite the wide range of trading markets, trading platforms, customer communication options, and educational resources. Quick-click functionality is readily available to clients. Whether you’re a new trader or experienced professional, it’s easy to navigate your way through all the options presented by FP Markets

 

 

 

Final Thoughts

 

FP Markets certainly delivers on expectations for forex traders. There are two accounts available to clients, the standard account and the raw account. these are ideal for retail clients. Of course, you can take your forex trading to the next level with professional accounts, but there are stringent requirements in place for them. The Forex trading platforms are easy to use, and customer support is incredibly helpful for any questions, queries, or complaints you may have. Definitely a forex broker worth considering.

 

Pros
  • Segregated accounts available
  • Fully regulated by the ASIC
  • 10,000+ financial instruments across global markets
  • Demo trading accounts with live pricing, charting, and resources
Cons
  • Restricted to Regulated Territories
  • No Negative Balance Protection
  • No Investor Compensation Fund
FP Markets Overview
Telephone: +61 2 8252 6800
Regulation: ASIC (Australia), CySEC
Pairs offered: 60+ comprese tutte le valute Majors
Minimum Deposit: €100
Spreads From: 0.0 PIPs
Max Leverage: 30:1
Markets: Forex, Copy Trading, Metals, Commodities, Indices, CFDs
Pros
  • Segregated accounts available
  • Fully regulated by the ASIC
  • 10,000+ financial instruments across global markets
  • Demo trading accounts with live pricing, charting, and resources
Cons
  • Restricted to Regulated Territories
  • No Negative Balance Protection
  • No Investor Compensation Fund