Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Established in Australia in 2005, FP Markets is a group of companies which include First Prudential Markets Pty Ltd, an ASIC-regulated provider of Derivatives and Forex trading services (ABN 16 112 600 281, AFS License No. 286354) and First Prudential Markets LTD is an entity authorized by the Cyprus Securities and Exchange Commission (CySEC), with Regulatory License No. 371/18.
Here is the home page of this brokers official site:
Note: The screenshot date is January 18, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
FP Markets provides investors with +10,000 trading instruments on the global financial market, including Forex trading (more than 70 currency pairs can be traded), Stocks trading (tradable stocks across four continents around the world, more than 10,000 stocks), Precious Metals trading, Commodity trading, indices CFD trading, and Cryptocurrency (multiple cryptocurrencies and cryptocurrencies for fiat currencies can be traded).
Account Types
Two forex account types are available on the FP Markets platform: Standard and Raw. The minimum deposit amount for both Standard and ECN accounts is acceptable at $100. The broker also offers free 30-day demo accounts.
Leverage
The maximum leverage of the major and minor currency pairs of this account is 1:500, major stock indices, commodities, and minor indices 1:100. The global stock leverage is 1:20, and the digital currency leverage is 1:5.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Spreads and commissions with FP Markets are scaled with the accounts offered. The lowest spread of the Standard account in the forex account type is 1.0 pips, and no commission is charged. The spread in the Raw account starts from 0.0 pips, and a commission of $3 per trade is charged.
Trading Platform
FP Markets provides the world's leading and popular MetaTrader4 (MT4) & MetaTrader5 (MT5), IRESS and WebTrader & mobile apps for iPhone and Android devices.
FP Markets' MT4 platform has advanced charts, massive technical indicators, accurate real-time quotes, real-time news and analysis, and a complete set of automated trading systems. FP Markets MT5 is a platform integrating forex, stocks, metals, CFD, and other tradings. With many technical analysis tools, excellent charting tools, foreign exchange signals, automatic trading systems, and copy trading functions, it has created more trading opportunities for modern traders. The MT4&MT5 web version makes trading highly flexible. Traders can trade directly through a computer web browser without downloading any software.
The new and improved trader platform IRESS has advanced features to improve traders' trading experience. The new IRESS provides trading tools that are better compatible with various browsers. When traders log in to the IRESS platform, they can choose IRESS Trader or IRESS. Traders can make full use of the advanced features of IRESS when trading opportunities arise, and data can be superimposed on each other to make the data fully visible.
Deposit & Withdrawal
FP Markets supports numerous means of deposit and withdrawal choices, consisting of credit/debit cards like Visa and MasterCard, Bank Transfers, Neteller, Skrill, PayTrust, Sticpay, Fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, dragonpay, Rapid Transfer, Finrax, Pay Retailers, XPAY, Apple Pay, Google Pay, PaymentRush, B2Binpay, Thuderxpay, Online Banking, P2P, QR Code, MOMO QR Code, PaymentAsia QRIS & E-wallets, and Broker to Broker.
The minimum initial deposit requirement is $100. If FPM receives a receipt showing the original deposit fee amount is no more than $50, it will cover clients‘ international bank fees (charged by the clients’ bank) for deposits over $10,000. FP Markets charge internal fees (10 AUD) for international withdrawal only. The international transfer takes 5 business days to be processed.
More details can be found in the below screenshots.
Educational Resources
The expert CFD traders at FP Markets have written a series of e-books to help newcomers learn how to plot out potential market outcomes, build trades, and assess those outcomes. FP Markets offers a dedicated learning centre called FP Markets Academy. In addition to a trading course, trading glossary, and newsletter sign-up, FP Markets offers instructional videos for its MetaTrader4 platform.
Customer Support
From a customer support perspective, FP Markets delivers across the board. Multilingual customer support is available in 22 languages, 24/7. Clients may reach out via telephone: +44 28 2544 7780, QQ: +44 28 2544 7780, email: supportteam@fpmarkets.com, live chat or Telegram. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
Pros & Cons
Frequently Asked Questions (FAQs)
