FP Markets

What is FP Markets?

FP Markets is a popular and large forex broker that was established in 2005 and now serves over 12,000 clients worldwide. The broker is headquartered in Australia and regulated by the Australian Securities and Investments Commission (ASIC). FP Markets also has a European entity based in Cyprus.

FP Markets is a true ECN broker, which means that it offers direct access to liquidity providers without dealer intervention. This allows FP Markets to offer its clients extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips.

FP Markets is a good choice for both beginners and experienced traders. The broker offers a variety of trading platforms, a wide range of trading instruments, and competitive pricing. FP Markets also has a good reputation for customer service and education.

FP Markets Ranking

FP Markets is a highly-rated forex broker with a score of 9 out of 10, based on our testing and comparison to over 500 other brokers. FP Markets offers low fees, global exposure, and a good selection of trading platforms.

Awards

FP Markets is a highly reputable forex broker, having been recognized by various publications and reputable editions. The excellence of their services and trading conditions, coupled with their high regard from traders, is a true testament to their establishment and reliability.

FP Markets continues to acquire new awards, demonstrating their dedicated and client-oriented approach. Recently, they were awarded the Best Global Forex Value Broker, Best Forex Broker Australia, Outstanding Value CFD Provider, Best Forex Partners Programme in Asia, Best Trade Execution, and Most Transparent Broker at the Ultimate Fintech Awards APAC 2023.

Additionally, FP Markets has claimed a hat-trick for the second time in a row at the Global Forex Awards 2023 for Best Value Broker – Global, Best Broker – Europe, and Best Partners Programme – Asia.

Is FP Markets safe or a scam?

Yes, FP Markets is a safe broker to trade with. It is an established Australian broker that is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets also has a good track record of operation, with no major scandals or regulatory violations.

FP Markets’ strong points:

• Regulated by multiple authorities
• Negative balance protection for European clients
• Segregated accounts
• Excellent long history of operation

FP Markets’ weak points:

• International trading is only available through its offshore entity
• Not listed on a stock exchange

How are you protected on FP Markets?

FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This means that FP Markets is subject to strict financial regulations and oversight, and that traders’ funds are protected in a number of ways.

Specifically:

• Client funds are segregated from company funds and held in top-tier banks. This means that even if FP Markets goes bankrupt, traders’ funds will be safe.
• FP Markets offers negative balance protection to European clients. This means that traders cannot lose more money than their account balance.
• FP Markets participates in the Investor Compensation Fund (ICF) in Cyprus. This means that if FP Markets becomes insolvent, traders may be compensated for their losses up to a certain amount.

What leverage does FP Markets offer?

The leverage offered by FP Markets depends on the entity that you open an account with.

• Australian entity: 1:30
• European entity: 1:30
• South African entity: 1:500
• International entity: 1:500

This is because leverage is one of the first regulated parts of forex trading, and different regulators have different rules about how much leverage brokers can offer.

Here is a table summarizing the leverage offered by FP Markets:

Entity	Leverage
Australian	1:30
European	1:30
South African	1:500
International	1:500

Account Types

FP Markets offers two account types with STP and ECN execution models, available through MT4 or MT5 platforms. There are also three IRESS account types for traders who prefer to use this software. Additionally, FP Markets offers MAM and PAMM accounts, and copy trading is available on all accounts.

Here is a table comparing FP Markets’ account types:

Account type	Execution model	Platform(s)	Minimum deposit
Standard	STP	MT4, MT5	$100
ECN	ECN	MT4, MT5	$500
IRESS	N/A	IRESS	$1,000
MAM	STP/ECN	MT4, MT5	$100
PAMM	STP/ECN	MT4, MT5	$100

Pros:

• Fast account opening
• Fully digital process
• Two account types with ECN and Standard execution for MT4 and MT5 platforms
• Separate account for IRESS platform
• Low minimum deposit
• Free deposit

Cons:

• Some differences in pricing between account types

Trading Instruments

FP Markets offers a wide range of trading instruments, including:

• Forex: 70+ currency pairs
• Indices: 19 major global indices
• Commodities: Coffee, natural gas, corn, and more
• Metals: Gold, silver, oil, and more
• Bitcoin
• Equity CFDs

Fees

FP Markets fees vary depending on the account type and instrument traded. IRESS accounts charge a commission plus a percentage of the trade value, while Standard and ECN accounts charge a spread.

Here is a table comparing FP Markets’ fees to other brokers:

Broker	Account type	Spread	Commission
FP Markets	Standard	0.1 pips	None
FP Markets	ECN	0 pips	$0.7 per lot
FP Markets	IRESS	Variable	Variable
ATFX	Standard	0.2 pips	None
ATFX	ECN	0 pips	$0.6 per lot
Accuindex	Standard	0.3 pips	None
Accuindex	ECN	0 pips	$0.8 per lot

FP Markets also charges deposit and withdrawal fees, which vary depending on the payment method used.

Here is a table comparing FP Markets’ deposit and withdrawal fees to other brokers:

Broker	Deposit fee	Withdrawal fee
FP Markets	Free	Variable
ATFX	Free	Variable
Accuindex	Free	Variable

Rollover

In addition to trading fees, you should also consider rollover or swap rates when calculating your trading costs. Rollover is the interest paid or received when a position is held overnight. The rate is determined by the interest rate differential between the two currencies in a currency pair.

FP Markets charges a small fee for positions held longer than a day. The fee varies depending on the instrument traded.

FP Markets also offers a swap-free account for Muslim traders. This account allows traders to hold positions overnight without paying rollover interest.

Here are some tips for managing your rollover costs:

• Close your positions before the end of the day to avoid rollover fees.
• Use a swap-free account if you plan to hold positions overnight.
• Choose instruments with low rollover rates.

FP Markets Spreads

FP Markets’ spreads vary depending on the account type and instrument traded. STP accounts have a floating spread, while ECN accounts have a fixed spread.

Here is a table comparing FP Markets’ spreads to other brokers:

Broker	Account type	EUR/USD spread	Crude Oil WTI spread	Gold spread	BTC USD spread
FP Markets	STP	0.7 pips	3 pips	16 cents	620.75%
AvaTrade	Standard	1.3 pips	3 pips	40 cents	60%
XM	Standard	1.6 pips	5 pips	35 cents	60%

As you can see, FP Markets’ spreads are generally lower than the industry average. However, it is important to note that spreads can vary depending on market conditions.

Here are some tips for getting the best spreads:

• Choose an account type with low spreads.
• Trade during peak trading hours, when liquidity is highest.
• Avoid trading during news releases and other high-volatility events.

Deposits and Withdrawals

FP Markets offers a wide range of deposit and withdrawal methods, with fees varying depending on the method used.

Deposits

FP Markets offers the following deposit methods:

• Bank transfer: Free
• Credit/debit card: 2.5% fee
• PayPal: 3.5% fee
• Skrill: 2% fee
• Neteller: 1% fee

Withdrawals

FP Markets offers the following withdrawal methods:

• Bank transfer: Free
• Credit/debit card: 2.5% fee
• PayPal: 3.5% fee
• Skrill: 2% fee
• Neteller: 1% fee

FP Markets processes withdrawals free of charge, but some withdrawal methods may add a processing fee.

Overall, FP Markets offers a good variety of deposit and withdrawal methods with competitive fees.

Advantages:

• Wide range of deposit and withdrawal methods supported
• Free deposits
• Free withdrawals for most methods
• Competitive fees for paid methods

Disadvantages:

• Some withdrawal methods may add a processing fee
• Fees vary depending on the method used

Please note that FP Markets’ funding methods may vary depending on the entity you trade with. Be sure to check the FP Markets website for the most up-to-date information.

Deposit Options

FP Markets offers a variety of deposit options, including bank wire transfer, various e-wallets (including Neteller and Skrill), credit/debit cards, and Virtual Pay (African Payment Method). FP Markets does not charge deposit fees for bank transfers or broker-to-broker transfers, but does charge international fees for deposits greater than $10,000. The minimum deposit amount for Standard and ECN accounts is $100.

Compared to other brokers, FP Markets has a lower minimum deposit requirement. Most other brokers require a minimum deposit of $500 or more.

Here is a table comparing FP Markets’ deposit options and fees to other brokers:

Broker	Deposit options	Deposit fees	Minimum deposit
FP Markets	Bank wire transfer, e-wallets, credit/debit cards, Virtual Pay (African Payment Method)	None for bank transfers or broker-to-broker transfers; international fees for deposits greater than $10,000	$100
Most other brokers	Bank wire transfer, e-wallets, credit/debit cards	Varies	$500 or more

Withdrawal

FP Markets charges withdrawal fees for some withdrawal methods, but not others. The amount of the fee varies depending on the method used. Withdrawal options include wire transfers, e-wallets, and cards.

FP Markets typically processes withdrawal requests within 1-2 business days.

Here is a table comparing FP Markets’ withdrawal fees and processing times to other brokers:

Broker	Withdrawal methods	Withdrawal fees	Processing time
FP Markets	Bank wire transfer, e-wallets, cards	Varies depending on the method used	1-2 business days
Most other brokers	Bank wire transfer, e-wallets, cards	None or small fee	1-3 business days

Overall, FP Markets’ withdrawal fees are competitive with other brokers, but its processing times are slightly longer.

Here are some tips for reducing your withdrawal fees:

• Choose a withdrawal method with no or low fees.
• Withdraw a larger amount at once to reduce the per-transaction fee.
• Avoid withdrawing during peak times, when processing times may be longer.

Trading Platforms

FP Markets’ trading platforms are ranked Excellent with an overall rating of 10 out of 10, compared to over 500 other brokers. This is due to its wide range of offerings, including market-leading software and alternative options. FP Markets also provides good copy trading and technology solutions.

Here are some of the key features of FP Markets’ trading platforms:

• MT4: A popular trading platform known for its user-friendly interface and wide range of features.
• MT5: A more advanced trading platform with additional features such as the ability to trade multiple asset classes from a single account.
• IRESS: A powerful trading platform for professional traders, offering a wide range of features and tools.
• cTrader: A leading multi-asset Forex and CFD trading platform, boasting advanced charting, advanced order types, level II pricing, powerful trading tools, and superior execution.
• MAM: A multi-account manager platform that allows money managers to manage multiple accounts from a single interface.
• PAMM: A percentage allocation management module that allows investors to allocate their funds to different money managers.

Customer Support

FP Markets offers excellent customer support through various channels, including online live chat, phone, and email. The customer support team is knowledgeable and responsive, and they support a range of languages. FP Markets also has established customer support centers in Asia, Europe, and Australia, so it is available 24/7.

Here is a table comparing FP Markets’ customer support to other brokers:

Broker	Customer support channels	Languages	Availability
FP Markets	Online live chat, phone, email	Multiple	24/7
BlackBull Markets	Online live chat, phone, email	English	24/7
eToro	Online live chat, phone, email	Multiple	24/5

Overall, FP Markets offers excellent customer support with a wide range of channels, languages, and availability.

Here are some tips for getting the most out of FP Markets’ customer support:

• Be clear and concise when describing your issue.
• Provide as much detail as possible.
• Be patient and polite.

Education

FP Markets offers a variety of educational resources, including the Trading Series, trading videos, trading info, webinars, events, and podcasts. FP Markets also provides research tools with comprehensive analysis and features such as market outlooks, news feeds, trading ideas, trading alerts, and third-party tools like Autochartist.

FP Markets is a good choice for beginners because it offers a wide range of educational materials, research, and analysis. The educational resources are well-organized and cover a variety of topics, from the basics of trading to more advanced concepts. The research tools are also comprehensive and provide traders with the information they need to make informed trading decisions.

Here is a table comparing FP Markets’ education resources to other brokers:

Broker	Education resources	Research tools
FP Markets	Trading Series, trading videos, trading info, webinars, events, podcasts	Market outlooks, news feeds, trading ideas, trading alerts, Autochartist
BlackBull Markets	Trading academy, webinars, trading videos, glossaries, articles	Economic calendar, market news, trading charts, analysis tools
eToro	Trading academy, webinars, trading videos, copy trading	Market analysis, news feed, trading calendar

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Overall, FP Markets offers excellent education resources and research tools, making it a good choice for beginners and experienced traders alike.

Here are some tips for getting the most out of FP Markets’ education resources and research tools:

• Start with the Trading Series to learn the basics of trading.
• Watch the trading videos and read the trading info to learn more about specific trading topics.
• Attend webinars and events to learn from experienced traders.
• Use the research tools to stay up-to-date on market news and trends.
• Develop a trading plan and use the research tools to find trading opportunities that fit your plan.

Overall, FP Markets’ education resources and research tools are a great way to learn about trading and make informed trading decisions.