FP MARKETS Review

Founded in 2005, FP Markets is a ECN/DMA Forex broker domiciled in Sydney Australia. FP Markets offer two versions of MetaTrader (MT4/MT5), plus two different WebTrading platforms. There are over 60 Forex pairs, cryptocurrencies, bonds, commodities, indices, and more than 2,000 shares. The trading leverage can be up to 30:1. Automated trading, scalping and hedging are fully allowed, and FP Markets provides a free VPS hosting service for auto-traders. 

■ Foundation: FPMARKETS was founded in 2005

■ Headquarters: FPMARKETS is based in Sydney, Australia

■ US Residents: FPMARKETS forbids traders from the U.S, Japan, and New Zealand

■ Swap-Free Accounts: -YES-

■ Regulated: The FP Markets group is regulated by ASIC Australia (AFS License No 286354) and CySEC Cyprus (No 371/18)

■ Client Bank Account Segregation: -YES-

■ Website Languages: English, Spanish, French, Portuguese, Russian, Italian, Chinese, Indonesian, Malay, and Vietnamese

■ Customer Support: 24/7 via Phone, LiveChat, and email (English, Arabic, Spanish, Chinese, Portuguese, and Russian)

FP MARKETS REVIEW SUMMARY

■ Broker Type: ECN/DMA Broker

■ Trading: Forex Currencies, Equities, Shares, Bonds, Metals, Energies, Soft Commodities, and Cryptocurrencies

■ Platforms: MetaTrader-4, MetaTrader-5, Iress ViewPoint, an additional WebTrader, plus Mobile/Tablet Traders

■ Trading Time Zone: GMT+3

■ Demo Account: YES

■ Spread on EUR/USD: 1.2 on average (no commissions), there is also a RAW account that offers spreads from 0 pips plus $7 commissions per full trader lot

■ Leverage: The max trading Leverage is 30:1

■ Scalping/Hedging: Hedging and Scalping are fully allowed, plus a Free VPS

■ PAMM/MAM Accounts: YES

■ Minimum Account: $100

► FP Real Trading Account | ► FP Demo/Practice Trading Account

 

FP MARKETS TRADING ASSETS

FP MARKETS offers the following assets:

■ 60 Forex Pairs

■ Cryptocurrency CFDs in major crypto assets like Bitcoin, Ripple, Bitcoin Cash, Litecoin, and Ethereum (against USD and AUD)

■ NASDAQ, S&P 500, AUS200, EUREX indices, and more

■ Over 2,000 Shares from America, Europe, and Australia

■ Energy, Metals, and Agricultural Products

■ Bonds

FP MARKETS TRADING SPREADS

These are the basic FP Markets spreads, according to the available pricing in their platform:

■ FP MARKETS EURUSD spread 1.20 pip, on average

■ FP MARKETS USDJPY spread 1.46 pip, on average

■ FP MARKETS GBPUSD spread 1.60 pip, on average

Note-1: No trading commissions on standard accounts ($7.0 per full-traded lot commissions on other accounts)

Note-2: There are also zero-spread account types

FPMARKETS.COM TRADING PLATFORMS & MOBILE

FP MARKETS provides the classic MetaTrader platforms plus two WebTrading platforms and mobile traders:

■ MetaTrader-4 & MetaTrader-5

■ WebTrader

■ IRESS Suite

■ Free VPS for Automated Trading (Requires a minimum monthly volume of 10 lots on a Standard account or 20 lots on their Raw account)

■ Fast order execution through Equinix servers

■ TradingCentral and Autochartist analysis

IRESS Trader Basic Features

• Multi-asset trading from a single platform (many thousands of different financial instruments)
• Greater flexibility in trading styles (automatic data sync between Iress Trader and Iress ViewPoint)
• Professional technical analysis (50 drawing tools and 59 technical analysis indicators)
• Market Depth feature (access to genuine exchange pricing)

FP MARKETS PAMM/MAM Account

• Lot, Percentage, and Equity allocation options 
• The ability to manage an unlimited number of trading accounts, across all account types
• Live order management within MAM
• Real-time performance and commissions reports
• Expert Advisors (EAs) are available and are fully supported
• Pending orders, full stop-loss, and take-profit

 

FP MARKETS NEW ACCOUNT INFORMATION

FP MARKETS Minimum Account: The minimum required deposit amount to open an account with FPMARKETS is just 100 USD

	STANDARD MT4/MT5	RAW MT4/MT5	IRESS STANDARD	IRESS PLATINUM	IRESS PREMIER
Minimum Deposit	$100		$1,000	$25,000	$50,000
Platforms	MetaTrader-4 & MetaTrader-5		IRESS platform
Minimum Spreads	1.0 pip	0.0 pip	0.0 pip	0.0 pip	0.0 pip
Trading Commissions	NO	$7.0 per full-traded lot	AUD 10 min, then 0.1%	AUD 9 min, then 0.09%	No min, then 0.08%
Financing	STANDARD		FP Markets Base Rate +4.0%	FP Markets Base Rate +3.5%	FP Markets Base Rate +3.0%

The maximum trading leverage is up to 30:1.

FP MARKETS Deposit/Withdrawal Methods:

■ Bank Wire

■ Credit/Debit Cards

■ Internet Wallets (Skrill, Neteller, FasaPay)

Account Currencies

• United States dollar | Euro | Australian dollar | Canadian dollar | Great Britain pound | Japanese yen | New Zealand dollar | Singapore dollar | Swiss franc

► FP Markets MT4 Account Type | ► FP Markets MT5 Account Type

 

FPMARKETS.COM CORPORATE INFORMATION

Main Offices

First Prudential Markets Pty Ltd Level 5, Exchange House 10 Bridge St, Sydney, NSW 2000, Australia

• Phone General: +61 (0)2 8252 6800

 

FPMARKETS.COM REVIEW PROS AND CONS (According to competition)

FP MARKETS REVIEW PROS & CONS
FP MARKETS Review PROS (√)	FP MARKETS Review CONS (X)
√ Fully-regulated broker offering client-bank account segregation √ Tight deposit requirements for ECN accounts (only $100) √ A wide range of financial markets, including more than 60 Forex pairs, cryptocurrencies, commodities, indices, and more than 2,000 shares √ Wide variety of trading platforms including MT4, MT5, and 2 different WebTraders √ Hedging and scalping are fully allowed, plus a free VPS for automated trading √ Fast order execution (Equinix servers) √ PAMM/MAM Accounts and many different account currencies √ Free education plus TradingCentral and Autochartist analysis	X No traders are allowed from the U.S, Japan, and New Zealand

 

FP Markets Review Conclusions:

Founded in 2005, FP Markets is a regulated ECN/DMA Forex broker established in Sydney, Australia. The broker offers the classic MT4/MT5 platforms, plus two different WebTrading platforms. Scalping and hedging are fully allowed, and there is the option for automated trading. In addition, FP Markets provides a free VPS hosting service for auto-traders. The free VPS requires a minimum monthly volume of 10 lots on a Standard account or 20 lots on their Raw account.

There is an extensive range of financial instruments, including more than 60 Forex pairs, indices, commodities, and many cryptocurrencies against USD and AUD. Moreover, there are over 2,000 shares available, from all over the world. FP Markets offers fair trading spreads starting as low as 1.0 on the Standard account, but there is also the option to trade with zero spreads and pay only commissions. Note that there are also PAMM/MAM accounts and the option to use Autochartist.

Regarding trading accounts, the minimum deposit is $100 for opening a Standard or a Raw account. If you wish for better financing conditions you can open an IRESS account, but the deposit requirements for the three IRESS accounts are considerably higher. The max trading leverage is 30:1. You can fund your trading account via cards, wire, Skrill, Neteller, and FasaPay. Interestingly enough, you can open an account in 9 different currencies (US Dollar, Euro, Australian dollar, Canadian dollar, Great Britain pound, Japanese yen, New Zealand dollar, Singapore dollar, and Swiss franc).

In conclusion, FP Markets is a competitive ECN Forex broker offering thousands of financial instruments in the same account.

► FP Real Trading Account | ► FP Demo/Practice Trading Account

 

 

■ FPMARKETS.com Review

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