Company Summary
| Aspect | Information |
| Registered Country/Area | Seychelles |
| Founded Year | 15-20 years |
| Company Name | FP Markets |
| Regulation | ASIC, CYSEC |
| Minimum Deposit | 100 AUD |
| Maximum Leverage | 1:500 |
| Spreads | Starting from 0.0 pips |
| Trading Platforms | MetaTrader 4, MetaTrader 5 and Mobile Application |
| Account Types | Standard, Raw, and Islamic Accounts |
| Demo Account | Yes |
| Contact | Email at supportteam@fpmarkets.com, Call at +44 28 2544 7780, Live chat and Contact Form. |
| Payment Methods | Debit/Credit Cards, wire transfers, net banking, and online transfers. |
General Information
FP Markets is a well-known forex and CFD trading platform. It is known for offering multiple trading instruments in forex, crypto, commodities, and more. The Platform is well-regulated by top-tier financial authorities including AISC in Australia and CySEC in Seychelles. The platform offers a secure and transparent trading environment that helps in trading and investing.
Also, the platform is designed using user user-centric approach that meets the needs of traders with different experiences and trading styles. Traders also get access to efficient educational resources and trading tools for a better trading experience.
Key Features of FP Markets
FP Markets trading platform has a variety of features that help traders build their portfolios. Below are a few features that you get:
Competitive Spreads
The platform is knwon for its competitive spreads. It offers tight spreads starting from 0.0 pips. The spreads are different in different account types.
Regulated Platform
FP Markets is a regulated broker by top financial authorities. It is regulated by CySEC and ASIC. These regulatory bodies offer a secure environment for trading.
Variety of Trading Instruments
The Broker platform offers 10,000+ trading instruments like indices, shares, forex, commodities, and crypto. These multiple trading instruments help traders in building a portfolio.
Advanced Trading Platforms
FP Markets is a web trader and has a mobile trading app. It supports platforms including, MetaTrader 4, MetaTrader 5, and Trading View.
Educational Resources
The broker platform offers multiple educational resources for traders. This includes course tutorials, webinars, events, podcasts, eBooks, and newsletters.
Major Drawbacks
With features, comes a few cons of the platform. FP Markets have a few drawbacks including:
Inactivity Fees
If your account is inactive for over a month or two, certain charges can be applied. These charges are different for different account types.
Withdrawal Fees
During the withdrawal process, there are a few additional charges that traders might have to give. The charges depend on the different types of payment methods.
Is FP Markets Legit?
FP Markets is a well-regulated broker registered in 2005. It is regulated by an Australian financial body called ASIC and CySEC in Cyprus. These regulatory bodies provide security and maintain the financial standards of the platform.
The long presence of the platform along with its regulatory bodies, ensures its legitimacy and increases its worthiness.
If you want to trade with regulated forex brokers just like fp markets then you can go for brokers like SmartSTP, Botbro and Capitalix.
Account Types
FP Markets offers three different types of accounts. These accounts are designed to cater to the needs of the traders depending on their experience and trading styles. All these accounts have a minimum deposit of AUD 100. The three types of accounts are:
Standard Account
Standard accounts are perfect for traders with basic knowledge of forex and CFD trading. The accounts offer commission-free trades at spreads starting from 1.0 pips. The traders also get access to over 70 trading instruments including forex, crypto, and more.
Raw Account
Raw accounts are made for traders with higher experience levels. The account offers better spreads starting from 0.0 pips. The traders have to give commissions at a rate of $3 per lot.
Islamic Account
These accounts are specially created for Muslim users. The accounts are free from swap fees or any interest rates. Rather, the traders are charged with administration fees. Traders can get Islamic account benefits on both Standards and Raw accounts.
Apart from these three, the platform offers a provision of Demo Accounts. These demo accounts are perfect for traders who are new to the platform. These help in understanding the platform in real-time without spending or risking real funds in the market.
