FP Markets Review 2019

Regulated By:ASIC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

Open Account

Your capital is at risk

Your capital is at risk
  • Price action can be compared between different trading instruments. Trading instruments can easily be compared on multiple time frames. This can help a trader determine when best to place his trades.
  • Traders edge offers a full range of tools including economic calendar, alarms and trade terminal. Once you have deposited into your account you will receive an email with the software to start using this technology.
  • The MT4 Trading platform is the most popular platform among forex traders and it is provided by FP Markets. Some of the features of the MT4 are:

    • Advanced charting capabilities
    • Built-in technical indicators
    • Multiple timeframes
    • Downloadable on Windows and Mac operating systems
    • Fully customizable desktops and charts.
    • Allows the use of Expert Advisors which automate forex trading.

    The MT5 trading platform which is a newer and improved version of the popular MT4 is provided by FP Markets. It is available as a standalone desktop application for windows PC and MAC. It is also available as Webtrader and as mobile app.

    Some other tools provided by FP Markets include:

    1. Forex VPS: For as little as $25 per month, a forex VPS service is made available to traders who desire 24/7 connection to the markets. This is perfect for traders who use a forex robot.
    2. The Economic Calendar.
    3. A Daily Report is available for traders who wish to subscribe to the services. The reports are delivered via email and it is free.

    Also please note that FPMarkets serves money managers by offering them MAMM accounts in which they can keep their clients accounts segregated and PAMM accounts (percent allocation money management), a software app for clients to attach money to a specific trader who manages accounts.

    Commissions & Spreads

    “FP Markets features low spreads starting from 0.1 on the EUR/USD ECN account or 0.7 on the EUR/USD Standard account.”

    The table below is a list of the minimum spreads for the standard and ECN Raw accounts as obtained from the FP Markets website.

    Symbol Spread (Standard Account) Spread (ECN Raw Account)
    AUDCAD 1.1 0.2
    AUDCHF 1.6 0.7
    AUDJPY 1.1 0.2
    AUDNZD 1.1 0.2
    AUDUSD 1.1 0.1
    CADCHF 1.5 0.6
    CADJPY 1.5 0.6
    CHFJPY 1.1 0.2
    EURAUD 1.1 0.2
    EURCAD 1.5 0.6
    EURCHF 1.3 0.4
    EURGBP 1.1 0.2
    EURJPY 1.1 0.1
    EURNOK 5.2 4.3
    EURNZD 1.2 0.3
    EURPLN 1.7 0.8
    EURSEK 6.6 5.7
    EURSGD 1.6 0.7
    EURTRY 1.6 0.7
    EURUSD 0.7 0.1
    EURZAR 12.5 11.6
    GBPAUD 1.6 0.7
    GBPCAD 1.1 0.2
    GBPCHF 1.4 0.5
    GBPJPY 1.1 0.2
    GBPNZD 1.6 0.7
    GBPSEK 8.1 7.2
    GBPSGD 1.2 0.3
    GBPUSD 1.1 0.2
    NZDCAD 1.6 0.7
    NZDCHF 1.8 0.9
    NZDJPY 1.5 0.6
    NZDSGD 1.6 0.7
    NZDUSD 1.1 0.2
    USDCAD 1.1 0.2
    USDCHF 1.1 0.2
    USDCNH 4 3.1
    USDHKD 1.9 1
    USDJPY 1.1 0.2
    USDNOK 5.2 4.3
    USDPLN 3.9 3
    USDSEK 5.2 4.3
    USDSGD 0.3 0.1
    USDTRY 1.7 0.8
    USDZAR 4.8 3.9

    METAL SPREADS

    XAUUSD 0.16 0.06
    XAUAUD 0.21 0.11
    XAGUSD 0.14 0.08
    XAGAUD 0.41 0.35
    XPTUSD 0.31 0.31
    XPDUSD 0.2 0.2

    INDICES SPREAD

    AUS200 1 1
    UK100 1 1
    STOXX50 2 2
    JP225 10 10
    GER30 1 1
    US500 0.5 0.5
    DJ30 4 4
    NAS100 2 2
    HK50 15 15

    COMMODITIES SPREAD

    XTIUSD 0.05 0.05

    *Data was taken from the broker’s website at time of writing.

    Bonus & Promotions

    “Several bonuses are available at FP Markets including 10% credit bonus and a refer a friend bonus.”

    FP Markets continues to provide some incentive bonuses. These are:

    • Refer A Friend Bonus: When a client refers a friend to FP Markets, the referrer gets rewarded in cash. If the new client funds an IRESS account, both clients gets a bonus of $100 each. If the new client funds an MT4 or MT5 account, the referrer gets a reward depending on the amount deposited. A minimum of $50 bonus is received for amounts between $500 – $999 and a maximum of $300 is received for amounts above $10,000.
    • VPS Reimbursement: This is for clients that subscribe to use the VPS service monthly. For each month, trade a minimum of 10 standard lots on a Standard Forex account or 20 standard lots on an ECN Raw account within the month. You will be reimbursed with a cash payment into your trading account. The maximum payment is capped at $50 per month. Reach customer care via phone, email, web chat and fax in 12 languages. The web chat representative responded to chats in less than a minute and the response was efficient and knowledgeable.“There are a number of ways prospective and active clients can reach the FP Markets customer support.

    Customer Support

    “Reach customer care via phone, email, web chat and fax in 12 languages. The web chat representative responded to chats in less than a minute and the response was efficient and knowledgeable.”

    There are a number of ways prospective and active clients can reach the FP Markets customer support.

    • Instant web chat facility is available in 12 languages.
    • The support phone numbers are 1300 376 233 for Australians and +61 2 8252 6800 for international Clients. For the Chinese clients, the phone number is 400 166 0012.
    • Clients can also receive support through fax. The Australian fax number is: (02) 8252 6899 and the international fax number is +61 (0)2 8252 6899
    • The support email address is support@fpmarkets.com. Email for Chinese clients is service@fpmarketasia.com .

    The customer care representatives are well trained, knowledgeable and responsive. The web chat representative responded to chats in less than a minute.

    Research

    “Live market news and analysis are available to clients of FP Markets”

    FP Markets provides daily market reports to clients. These focus on different popular assets and are published each day. Live markets news and forex market analysis is found on the company’s website. They also offer an overnight summary table displaying the popular assets and their closing prices.They also schedule webinars periodically.

    Trader Education

    “FP Markets has a well-organized online training resource centre with a trading course, ebooks and 97 video lessons for all levels of trader.”

    FP Markets offers a professionally prepared trading course for active and intending clients. It consists of 97 Video lessons, e books and lesson articles. The courses are organized according to trader level, which is a spectacular offering. It is available for beginners, intermediate and advanced traders. The system is designed to monitor and record the client/student’s progress.

    Trading Experience

    “Relevant awards showcase the positive trading experience of clients of FP Markets.”

    FP Markets has won several awards, one of which is the “Most Satisfied Traders” award, awarded by Investment Trends Report, a highly reputable organization that develops and delivers independent, deep insights research. This award has been won by FP Markets a whopping six times. There are loads of positive reviews for the services provided by FP Markets. The trading experience itself is highly satisfactory, with a wide selection of platforms, assets and account types to suit all types of trader.

    FAQ 

    Where is FP Markets based?

    FP Markets are based in Sydney, Australia but they also have offices in Beijing and Shanghai which are located in China.

    How does FP Markets make money?

    FP markets make money from spread charges and commissions.

    How do I deposit into an FP Markets account?

    Deposits can be made using Visa, Mastercard and UnionPay debit/credit cards. e-wallets like Neteller and Skrill are accepted. BPay, FasaPay, POLi, PaySEC and Bank wire transfers can as well be used to make deposits.

    What is the min. deposit for FP Markets ?

    The minimum deposit is $100 for a share trading account and $200 for a forex standard account

    What is the max leverage in FP Markets?

    The maximum leverage obtainable is 1:500

    How do I open an account with FP Markets?

    Fill the online form available on the bottom of every page and click on “Register Now”.

    Does FP Markets use MetaTrader?

    Yes, FP Markets use the MT4 and MT5 trading platforms.

    Conclusion

    FP Markets has been in operation for over a decade and have garnered many prestigious industry awards. They are a true ECN broker that offer very low spreads to their clients. The cutting-edge platforms provided are fast, secure and bursting with features.

    Trading education is one of the positives that FP Markets boasts of. A comprehensive trader education suite is provided for traders. This is well-organized and professionally delivered through videos, e-books and articles.

    The multilingual nature of the customer service makes this an inclusive way to reach out to active and prospective clients. Above all, FP Markets is a regulated brokerage and complies with all the regulatory standards set out by ASIC.

    Top User Reviews

    See All User Reviews
    4.7(6)
    FP Markets Overall Rating
    FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
    Rate FP Markets
    Latest 5 user reviews sorted by highest rating
    Karim Kikoz
    5/5
    Great follow up team ❤️

    Great followup team specializes Mr.mohamed el mawardi he had answered my questions quickly and precisely, Very professional person indeed Happy to deal with him because with him you’re totally safe and self confident too.

    G
    Garry Chard
    5/5
    Reliability:
    5/5
    RESOLVED ISSUE: "Don't trust" ***Edited on Nov. 7th, 2018***

    ***Original*** Deposited my money in a spread bet account so I could have free access to a trade room. I then found the trade room had to change there offer so I would not get what I was told I would. I requested my money back but I get charged for them sending my money back to me. Even know they had a no fee option available. 🤔 ****Edited on Nov. 7th, 2018**** 😁 happy with there fantastic service. 👍 I had an issue with the withdrawal of my money from my spread betting account but this was sorted out as soon as they became fully aware of the issues. Keep up the excellent service. It might be a good idea to right on the cash withdrawal from that there is a charge to withdraw money using bank transfer under certain circumstances.

    J
    Juan Delgado
    5/5
    Reliability:
    5/5
    Galardonado

    FP Markets ha ganado una amplia variedad de premios dentro de la industria y fue reconocidos por Investment Trends como el #1 en satisfacción de cliente....hablando con ellos se puede ver porque

    K
    Kian Singh
    5/5
    Reliability:
    5/5
    Trading Platform

    Their new IRESS platform is really nice to use. Fast and user friendly,

    J
    Jamie Hyde
    5/5
    Reliability:
    5/5
    regulated

    regulated by ASIC. With so many scams going around, you can never be too careful with whom you deal with.

    Specs

    Latest Tweets by @fp_markets

    Rate FP Markets
    FP Markets

    Your capital is at risk

    Your capital is at risk