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FP Markets User Reviews

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FP Markets
4.8
By 11 User Reviews

Regulated By:ASIC, CySEC

Foundation Year:2005

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

Min Deposit:$100

Open Account

DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
Rate FP Markets
8 Reviews
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Stefan Wagenaar
5/5
Reliability:
5/5
Platforms:
5.0
Assets:
5.0
Support:
5.0
FP Markets - Some early thoughts

I signed up with FP about a month ago, and everything about them is exactly as advertised. The sign up process was straightforward and pretty standard. Their customer service is also good. On their raw accounts, spreads are INSANELY low, with EURUSD gneuinely sitting at 0.0 - 0.1 pips throughout most of the day during the London and London/New York overlap. Spreads also do not widen nearly as much as they would with other brokers during the gap between the New York and Asian sessions, and even at closing time on Fridays you can expect EURUSD to only go as high as 5 pips. Additionally, a lot of brokers claim to offer leverage of up to 500:1, but this is usually reserved for professional traders only, not for retail clients. FP markets offers this leverage even for retail traders (but do note that leverage is limited based on account size - very large accounts can only get up to 100:1). They also offer a choice of 3 trading platforms - their own web platform, and MT4/MT5. They also offer a selection of large cap EU and US stocks and all of the major indices. Now, onto the cons: If you are an algo trader, and want to do extensive backtesting on non-major currency pairs, you may run in to issues. This is because on their raw account symbols, the data sets only go back to 2018. For the majors (AU, EU, GU, UC, NU, UJ, UCHF) you can access data going all the way back, but for other crosses and exotics as well as commodities you will have limited back test data and get low modelling quality results in backtesting. I get around this issue by importing data from other sources. So to summarize: I am very satisfied with FP markets so far. Trade execution quality is excellent and their conditions are as advertised. I have not yet tried to withdraw funds from them, but they are regulated in Australia so I do not anticipate any issues. If you are a experienced trader looking for lower fees and higher leverage, their raw accounts are an excellent option. If you are new to FX, this may not be the best option for you as there are other brokers that cater better to newer traders, and the high leverage they offer may cause you to blow your account a lot faster, so I do recommend scaling back to 50:1 or 25:1 leverage if you are inexperienced.

Adrain Fernandez
5/5
Reliability:
5/5
Platforms:
5.0
Assets:
5.0
Support:
5.0
Customer Support

Really good customer support dint expect them to be genuine and also helped a lot.

Jaydon Zhang
agree
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
Platforms:
5.0
Support:
5.0
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
Platforms:
5.0
Support:
5.0
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
Platforms:
5.0
Support:
5.0
Trading Platform

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

J
Jamie Hyde
5/5
Reliability:
5/5
Platforms:
5.0
Support:
5.0
regulated

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

L
Lewis Crawford
4/5
Reliability:
4/5
Platforms:
4.0
Support:
4.0
Many Instruments

The range of assets is the largest that I have seen. You got more than 40 currency pairs, 10,000 CFDs and 2000 stocks. I doubt you will ever run out of instruments to trade

Rate FP Markets
FP Markets

DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

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