A Quick Summary of FP Markets
FP Markets is a leading forex broker founded in 2005. They are the one-stop-shop for trading CFDs across Forex, Indices, Commodities, and Cryptocurrencies.
What sets FP Markets apart is their consistent offering of some of the tightest spreads, raw pricing with institutional-grade liquidity, fast & low-latency execution, and zero restrictions, providing ideal conditions for scalping and EAs.
|🕵 Broker Type||DMA, ECN, STP|
|📌 Regulated||ASIC (Australia), CySEC (Cyprus)|
|💰 Min Deposit||$100|
|💹 EUR/USD Spread||0.1 Pip|
|📈 Demo Account||Yes|
|💱 Base Currencies||AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD|
|📊 Platforms||MT4, MT5, Mobile, Proprietary|
|💎 Assets||Commodities, Cryptos, Energies, Indices, Forex, Metals, Stock CFDs|
|📉 Hedging Allowed||Yes|
FP Markets Broker Details
ASIC (Australia), CySEC (Cyprus)
Japan (JP), New Zealand (NZ), United States (US)
Direct Market Access (DMA), Electronic Communication Network (ECN), Straight Through Processing (STP)
Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Stock CFDs
Bank Cards, Bank Wire, Bpay, FasaPay, Neteller, Nganluong Bank, Paypal, Paytrust88, Poli, Skrill
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Proprietary Platform, Web Platform
License and Protection
FP Markets is regulated by two top-tier regulators: the Australian Securities & Investments Commission (ASIC) and Cyprus Securities & Exchange Commission (CySEC).
Being regulated by these entities means that FP Markets has to adhere to strict capital requirements, meet client payout obligations and employ sound risk management, financial reporting, staff hiring, and external audit schedules.
FP Markets has negative balance protection, so you’ll never end up in debt to your broker & ensures that retail client funds are always kept separate from the firm’s capital, held by leading banks, and under no circumstances can FP Markets use client money to cover company expenses.
FP Markets streams from top-tier financial institutions to ensure institutional grade quality to their clients. FP Markets is a member of the Investor Compensation Fund, meaning eligible Retail clients are covered in the unlikely event that FP Markets is unable to meet its financial obligations towards its clients.
Reputation & Awards
FP Markets is an award-winning broker with an outstanding reputation in the Forex & CFDs industry. They have won awards for trader satisfaction, trade execution, customer service, and value as well as winning the “Best FX Broker Australia” award.
FP Markets offers over 13,000 financial instruments across Forex and CFDs on commodities, metals, indices, cryptocurrencies, and more.
Spreads & Commissions
FP Markets offers some of the most competitive spreads in the industry, with their raw account traders can trade forex with spreads as tight as 0.0 pips and a competitive commission of $3 per lot the average spread on EURUSD for their RAW account is 0.1 pips. FP Markets standard account offers 0 commissions and spreads start from 1.0 pips the average spreads on EURUSD is 1.1 pips.
FP Markets has platforms across mobile, desktop, and web browsers. Trade on any device with their MT4 & MT5 applications on iOS, Android, Windows, macOS, or trade via a browser using Webtrader. Wherever and whenever you need to trade; FP Markets has you covered.
Those who are trading on MT4 or MT5 FP Markets have the option of 2 different account types. Their standard account offers no commission with spreads from 1.0 pips. Their more popular raw account offers spreads from 0.0 pips and a commission of USD $3 per side. Both account types offer ECN pricing over 63 currency pairs, 22 indices, 159 Equities, 9 Metals & 13 commodities.
For those who want to trade on FP Markets IRESS platform and access more than 10,000 equities CFDs, there are 3 accounts available; their standard IRESS account has a commission of 0.1% with a minimum of AUD$10 and a minimum deposit of $1,000 AUD.
Their platinum Account offers a 0.09% commission with AUD$9 minimum with a minimum deposit of $25,000. Their Premier has a commission of 0.08% with no minimum and has a minimum deposit of AUD$50,000. All of the FP Markets IRESS accounts offer equity CFD margin rates from 3%.
FP Markets also offers a professional account for eligible investors that offers higher leverage, a personal account manager, and a VIP program where clients may be eligible for rebates and early access to product releases. To qualify for this account clients must pass a wealth or experience test.
For those who want to follow the trades of more experienced traders via copy-trading, FP Markets has a social trading platform. FP Markets doesn’t offer this to clients coming under their ASIC-regulated entity.
Funding & Withdrawals
FP Markets has a minimum deposit of $100AUD or equivalent on their MT4 & MT5 Platforms. FP Markets offers a wide range of payment methods for funding and withdrawals. For deposit, FP Markets offers Credit or Debit cards (Visa or MasterCard), bank transfer, BPay, PoliPay, PayPal, Netteller, Skrill, Paytrust88, NganLuong, Fasapay, Broker to Broker, and Online Pay.
FP Markets is a reliable, award-winning broker with an excellent reputation for customer support and a competitive product offering.