FP MARKETS Review

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Founded in 2005, FP Markets is an ECN/DMA Forex broker based in Sydney, Australia. FP Markets offers two versions of MetaTrader (MT4 and MT5) and two WebTrading platforms. They provide over 60 Forex pairs, cryptocurrencies, bonds, commodities, indices, and more than 2,000 shares. Trading leverage can go up to 30:1. Automated trading, scalping, and hedging are fully allowed, and FP Markets offers free VPS hosting 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, live chat, 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 maximum trading Leverage is 30:1

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

■ PAMM/MAM Accounts: YES

■ Minimum Account: $100

🔗 Accounts: ► 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 on 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%
Accounts	► FP Markets MT4 Account Type | ► FP Markets MT5 Account Type

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

 

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 √ Fast order execution (Equinix servers), plus a free VPS for automated trading √ 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, or New Zealand

 

🏁 FP Markets Review Conclusions:

Founded in 2005, FP Markets is a regulated ECN/DMA Forex broker based in Sydney, Australia. The broker offers the classic MT4 and MT5 platforms, along with two WebTrading platforms. Scalping and hedging are fully allowed, and automated trading is supported. FP Markets also provides free VPS hosting for auto-traders, requiring a minimum monthly volume of 10 lots on a Standard account or 20 lots on a Raw account.

There is a wide range of financial instruments, including over 60 Forex pairs, indices, commodities, and many cryptocurrencies against USD and AUD. Additionally, more than 2,000 shares from around the world are available. FP Markets offers competitive trading spreads starting from 1.0 on the Standard account, with the option to trade with zero spreads and pay only commissions. PAMM/MAM accounts and Autochartist are also supported.

For trading accounts, the minimum deposit is $100 for a Standard or Raw account. For better financing conditions, you can open an IRESS account, although the deposit requirements for IRESS accounts are significantly higher. Maximum trading leverage is 30:1. Accounts can be funded via cards, wire transfer, Skrill, Neteller, and FasaPay. You can also open an account in nine different currencies: USD, EUR, AUD, CAD, GBP, JPY, NZD, SGD, and CHF.

• In conclusion, FP Markets is a competitive Forex broker offering a wide range of financial instruments in a single account.

🔗 Accounts: ► FP Markets Real Account | ► Demo/Practice Trading Account

 

 

■ FPMARKETS.com Review

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