FP Markets Review
FP Markets is an established and regulated broker that offers 10,000+ financial instruments across multiple global markets including Forex, Stocks, Cryptos & CFDs. This award-winning broker provides reliable and industry leading trading conditions including powerful and sophisticated platforms with transparent pricing, tight spreads, fast execution speeds and very competitive trading costs.
FP Markets Review, Pros & Cons
- Regulated trading broker
- Huge range of 10,000+ financial instruments
- Powerful & sophisticated MetaTrader & IRESS platforms
- ECN pricing model with raw tight spreads from 0.0 pips
- Fast execution through Equinix servers
- No requotes & no dealing desk
- Commission free accounts
- Multiple deposit / withdrawal methods with no fees
- Multiple brokerage awards
- No inactivity fees
- Islamic swap-free accounts
- Copy trading & autotrade
- Educational Traders Hub
- Autochartist & many other useful trading tools
- 24/7 customer support
- No US clients
- No fixed spread accounts
In this detailed FP Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FP Markets Overview
Established in 2005, FP Markets offer award-winning ECN trading conditions with direct market access pricing, tight spreads from 0 pips and flexible leverage up to 1:500. They have a huge number of products to trade with over 10,000 global instruments including Forex Currency Pairs, Commodities, Cryptocurrencies, Stocks, Shares, Indices, Metals, Equities, Energies, CFDs & ETFs.
FP Markets (First Prudential Markets Pty. Ltd.) have a no requote policy and are under strict ASIC and CySEC regulation with their head office located in Sydney, Australia.
Focused on understanding what traders need, FP Markets mission is to provide the ultimate trading experience to all types of traders. They incorporate the latest technologies to ensure ECN pricing in all market conditions.
There is a selection of powerful trading platforms to choose from, MT4, MT5 & IRESS. Clients have the convenience of being able to trade all markets and instruments from one account.
Liquidity providers include huge global names Barclays, HSBC, RBS, Credit Suisse, J.P. Morgan, Goldman Sachs, Commerzbank, Standard Chartered, Citibank and BNP Paribas.
They have won numerous awards (40+ and counting) for fast execution speeds, client satisfaction and customer support. Awards include Best Global Forex Value Broker Award, Outstanding Value CFD Provider, Best Customer Service, Best Trade Execution, Most Satisfied Traders, Best Education Material, etc. Multilingual support is available 24 hours a day, 7 days a week. Each client is provided with a dedicated account manager.
FP Markets are rated excellent on Trustpilot, with a 9/10 star rating based on 100+ reviews.
FP Markets Regulation
FP Markets is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This strict regulation means that they must comply to strict rules and regulations which helps to give clients peace of mind that they are using a trusted and reputable trading broker who will operate with the upmost integrity and transparency.
Client funds are held in segregated accounts with top tier banks, separate from the company’s funds to ensure that they cannot be used for any other purpose. There is no negative balance protection for ASIC and St Vincent clients. Negative balance protection is for CYSEC clients only.
FP Markets Countries
FP Markets accepts clients from all over the world although they do not accept applications from residents of USA, Japan or New Zealand, or from any other country or jurisdiction where restrictions apply due to local laws and regulations.
Some FP Markets broker features and products mentioned within this FP Markets review may not be available to traders from specific countries due to legal restrictions.
FP Markets Platforms
Traders can access global markets and manage their portfolio from a range of industry leading trading platforms. You can choose between Metatrader 4 (MT4) & Metatrader 5 (MT5), IRESS, webtrader and mobile apps for iPhone and Android devices.
MetaTrader 4 Platform
MetaTrader 4 (MT4) is one of the world’s most popular trading platforms and provides live streaming prices with advanced charting features including a large range of 50+ built in indicators for market analysis to assist you with your trading decisions.
The FP Markets MT4 platform incorporates an ECN exchange model for fast order execution. Multiple charts and market data can be viewed at the same time which enables you to efficiently track multiple instruments. One click trading is supported so that you can easily execute numerous order types directly on live charts.
You can sign up for free to the MQL5 community to access many other indicators and follow other traders.
MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
MT4 is fully customisable to suit your own individual preferences with emphasis put on usability for quick and efficient trading. There are multiple chart types and time frames along with a set of drawing tools. Users can modify chart layouts, time frames, colours and add technical indicators to charts.
You can create your own trading strategy templates and save them for future use or attach one of the templates already included to charts. Custom indicators and automated trading strategies can also be created.
MetaTrader 5 Platform
MetaTrader 5 contains many of the same features as MetaTrader 4 with more indicators, market depth display, 21 time frames, built in economic calendar and an improved strategy tester.
IRESS has a fluid and intuitive design, supporting multi-product execution and giving users access to level 2 exchange data. You can see prices flowing directly from the underlying exchange and have your orders placed into the exchange order book at the click of a button.
All order types are supported, including complex order types for the more advanced users and custom order strategies. It has transparent pricing and market depth with access to over 10,000 products.
There are customised trade and news alerts that arrive in real time directly on to the platform or via email and SMS. This enables you to stay up to date with the latest market news and pricing.
IRESS is available on desktop, web and mobile.
Its advanced charting package has a vast range of technical indicators and trading tools for analysing the markets. You can use any of the 50+ technical indicators included to efficiently seek out potential trade opportunities and to help identify when the market is trending or ranging. The variety of indicators include RSI, Ichimoku, MACD and many more of the most popular indictors.
The drawing tools can be used to annotate and mark important levels such as support and resistance on your charts, across multiple time intervals.
There are over 10,000 global trading instruments on the IRESS platform that can be traded 24 hours a day.
Multiple Time Frames
Multiple time intervals cater for a range of different trading styles, from day traders to long term investors. Charts can be displayed from tick movements to historic information.
You can use the indicators and drawing tools to create your own preferred trading template and conduct in-depth analysis on multiple instruments. These templates can be saved for future use.
You can compare price correlation between different instruments across multiple time frames. Analysing the strength of correlation can help to identify potential trading opportunities.
FP Markets Trading App
FP Markets have their very own proprietary trading app where you can trade Forex and CFDs across shares, indices, commodities, futures and cryptocurrencies, from the palm of your hand. You can easily access all of your favourite trading products from one convenient app through one account.
Through the FP Markets app, you can place, monitor and review trades within seconds. Traders can also conduct research and technical analysis using a wide range of trading tools.
The feature-packed FP Markets Trading App puts you in control of your trading experience and is available on all iOS and Android devices.
FP Markets Trading Tools
Whatever your level of trading experience, novice or professional, there is a set of tools that can be used to assist with your trading. This includes copy trading, Autochartist, an economic calendar, alerts, trade terminal and more advanced trade assistance apps. There are detailed user guides for each of the tools.
FP Markets Copy Trading allows you to find, follow and copy other traders automatically. This means that you do not necessarily need to build your own trading strategy or conduct research on forex markets. Copy trading can help to remove some of the complexities of trading forex and CFDs. FP Markets offer copy trading through the powerful MetaTrader 4 and MetaTrader 5 platforms.
With FP Markets, you can download the Autochartist MT4/5 Plugin to your trading platform to access the powerful technical analysis tool and take your trading to the next level. Use the powerful Autochartist technical analysis tools in order to understand trading opportunities in real time. Autochartist provides real-time trade setups for beginner and experienced traders alike.
Some of the key Autochartist features include:
- Trading signals are delivered via email, mobile applications with push notifications, within the client area and in the MT4/MT5 platform
- Autochartist delivers 1000+ actionable trade opportunities & ideas per month
- Access financial markets across Forex, Metals, Indices, Commodities and Cryptos
- Save time by having Autochartist continuously scan the market for potential trading opportunities.
- Visual quality indicators give novice traders the ability to better interpret chart patterns
- Experienced traders to perform advanced search functions
FP Markets have a trader toolbox that can help you to get the most out of the trading platforms whilst enhancing your overall trading experience and taking it to the next level. To receive access to the trader toolbox you need to make a deposit of at least $1,000 and will be sent the software via email.
Trader Toolbox Connect
Trader Toolbox Connect gives you news feeds and economic calendars direct to your trading platform.
The Trader Tools Alarm Manager allows you to setup customised alerts and notifications as well as perform automated actions such as opening and closing your positions.
The Trader Toolbox Correlations Trader app lets you compare correlation between two instruments and displays recent price activity to help with your trade decisions.
The Correlation Matrix displays areas of low or high correlation between markets on multiple time frames. This can be used to find trading opportunities.
This tool allows you to interact with trading platforms and send commands via VBA code in Excel RTD. You can monitor, analyse and report your real time trading activity directly into excel. This includes ticket and price data.
Market Manager lets you view the markets recent price activity, place and manage orders, take full control over your account and keep up to date with the latest market information.
Stealth Orders allow you to hide your pending orders from other market traders. It will buy and sell at market of a pre-defined price rather than place a limit or stop order. You can also use stealth stop losses and take profits.
The Tick Chart Trader can be used to quickly enter and exit trades multiple times during your trading session.
The Session Map provides a brief overview of the markets and your trading account. It displays the main markets across the globe, economic calendar and key market information.
Trade Terminal has additional trading features that are not usually included within trading platforms. It shows an overview of account metrics, position analysis and allows you to automatically apply rules for scaling out of positions.
The Mini Terminal is an extension of the Trade Terminal with the purpose of enabling you to fully concentrate on a specific market with specific charts.
The Sentiment Trader displays information about FP Markets clients current and historical positions. You can see what other traders are doing which is sometimes used as part of a correlation trading strategy.
A VPS (Virtual Private Server) allows you to run trading platforms on a virtual machine 24/7. FP Markets has partnered with Liquidity Connect (LiquidityConnect.com), to provide a free customised low latency solution for qualified traders who meet minimum trading requirements, starting from trading over 10 lots on a standard account. The FP Markets Edition VPS seamlessly connects traders to the Equinix NY4 grid using the latest innovative technology.
You can access your VPS from anywhere at anytime via Remote Desktop Connection (RDP) or a mobile platform.
Reduce Power Bills
As a VPA runs in a data centre, there is no need to have your computer running which can save on power costs whilst keeping your trading strategies running.
A VPS lets you run trading platforms around the clock. This can be useful if it is not possible to have your computer switched on all of the time and you need to run an automated system.
If using a professional data centre, there is a chance that the data connection speed will be faster than using the internet at home. FP Markets use a provider who are located close to their own servers to help maximise trading speeds.
FP Markets offer a Multi Account Manager (MAM) and Percent Allocation Management Model (PAMM). Money managers can take advantage of FP Markets Electronic Communications Network (ECN) and deep liquidity for tight spreads and fast execution speeds at the required volumes.
Bespoke trading conditions
Money managers can customise trading conditions such as commission and spread mark-ups, leverage, fees, account currencies and margin call/stop out.
Funds can be transferred in and out of MAM and PAMM accounts quickly and easily without interrupting the trading activity.
You can get real time commissions into your trading account and withdraw them at any time. The MAM manager is able to quickly calculate performance fees and commission at any time.
FP Markets Education
FP Markets have an online information centre with a collection of educational guides that are divided into 3 sections, beginner, intermediate and advanced. These guides cover a variety of different topics from the very basics of trading, risk management, trading platforms, technical analysis and more.
There is an abundance of information all in one place that is suitable to different levels of traders including video tutorials and eBooks to help improve your trading knowledge and skills.
FP Markets also provide daily market reports, market analysis and webinars.
FP Markets Traders Hub
FP Markets have a trading information centre known as the Traders Hub. The Traders Hub blog is a rich source of fresh and informative content and daily technical and fundamental analysis to assist all levels of trader from beginner to advanced, helping them to improve their trading skills and knowledge.
The Traders Hub includes an abundance of helpful information including the following:
- Technical Analysis: Daily and Weekly Analysis from the FP Markets team of industry experts
- Fundamental Analysis: Daily and Weekly Analysis from the FP Markets team of industry experts
- Trading Knowledge: A wide range of articles, eBooks, and videos for you to increase your trading knowledge
- Company News: Find out all the latest news on FP Markets
This Traders Hub is designed to further enhance the brokers offering and continues with their commitment to provide traders with unparalleled trading conditions.
FP Markets Instruments
FP Markets offer a large range of global trading instruments across multiple markets that can all be traded from one account. Forex can be traded on MetaTrader 4/5 whereas CFDs are available on the IRESS platform.
There are over 10,000+ global products to trade including Equities, Indices and Commodities. You can trade these through FP Markets award winning platform with transparent pricing, fast execution speeds and competitive trading costs.
You can specify the expiry that you want by choosing the expiry contract month, with a large selection of contracts to choose from, including major commodities such as Crude Oil, Live Cattle, Corn, Platinum and SFE SPI 200.
FP Markets provide a good selection of minor, major and exotic currency pairs. These are available 24 hours a day, 5 days a week. Leverage goes up to 1:500 and spreads start from 0 pips.
They have some of the world’s largest liquidity providers to give clients access to greater liquidity and industry leading spreads. Transparent price feeds offer fast and reliable order execution.
You can trade over 2,000+ domestic shares and ETF’s with no hidden fees and charges. The commission structure is highly competitive and a free 24-hour phone broking service is included.
FP Markets Accounts & Fees
FP Markets have a few different accounts for beginner and advanced traders. All accounts come with flexible leverage up to 1:500 and implement the ECN pricing model via NY4 Equinix Servers in New York. This aims to deliver the tightest possible spreads and fastest possible trade execution speeds. There are no account inactivity fees.
The standard account has a low deposit requirement of just $100, spreads from 1.0 pips and charge no commission on trading.
ECN RAW Account
The ECN RAW account also has a minimum deposit of just $100, with spreads starting from 0 pips but does charge a very competitive $3 commission per lot.
FP Markets offer a selection of trading accounts specifically for CFDs. The Professional, Platinum and Premier accounts. The Professional account has the lowest initial deposit of $1,000 but the highest fees overall whereas the Platinum account requires a higher $25,000 initial deposit but has lower fees. The Platinum account has the largets initial deposit requirement of $50,000 but does have the lowest fees overall.
FP Markets offer a swap-free Islamic account that complies with Sharia law for Muslim traders. These can be opened upon request and incur an administration fee on positions. The swap-free account option is available on both the Raw and Standard account types on the MT4 and MT5 trading platforms. An Islamic client can trade all the instruments available on the platforms.
As broker fees can vary and change, there may be additional fees that are not listed in this FP Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a FP Markets broker account for online trading.
FP Markets Support
FP Markets award-winning multilingual support team is available 24/7 to respond to all of your questions and technical support request. Support is available via phone, chat and email.
FP Markets Deposit & Withdrawal
FP Markets have a good selection of different funding and withdrawal methods including some online payment processors such as Skrill and Neteller that are quick and easy to use.
- International bank wire – 10 AUD
- Neteller – 2% max. 30 USD per 45,000 USD transaction
- Skrill – 1% + country fees (if applicable)
- PayPal – No Fees MT4/5, 2% fee for IRESS
- Fasapay – 0.50%
- Paytrust88 – 1.5%
- Ngan Luong – 1,000 VND + 1%
- Online Pay – 18 USD
- Broker to Broker – Domestic (AUD): no fees, International: 25 AUD
- Credit/Debit cards (VISA and Mastercard) IRESS platform – Domestic (AUD): 1.6%, International: 3.18%
- International bank wire – 12.5 AUD
- Broker to Broker – Domestic (AUD): no fees, International: 25 AUD
- PayPal – No Fees MT4/5, 2% fee for IRESS
Additioanal fees may be charged when using certain payment methods. Bank transfers can take a few business days to clear. Accounts can be opened in USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD & AUD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
FP Markets Account Opening
Opening an FP Markets account only takes a few minutes. There is a short online form to complete after which you will need to verify your email. You then upload your identification documents for KYC purposes. Once confirmed you are able to fund your account and start trading. Customer support are available to assist during the account opening process if required.
FP Markets FAQ
What is FP Markets minimum deposit?
FP Markets have a minimum deposit requirement of just $100 or the equivalent in your preferred currency. This means that you can open an account and start trading with a relatively small amount when compared to some brokers who require a minimum deposit of $500 or more.
The $100 minimum deposit applies to the MT4/MT5 Standard and Raw accounts. The IRESS platform on the other hand has a minimum deposit of $1,000.
How do I deposit money into FP Markets?
FP Markets have a selection of quick and easy funding options that helps make the deposit and withdrawal process as convenient as possible. Funds can be deposited using a variety of payment methods including credit card, debit card, payment wallets including Neteller, Skrill, PayPal, Poli Pay, online banking and bank wire transfer. They also accept broker to broker transfers upon request.
FP Markets cannot accept third party payments, all funds must be received directly from the named account holder. If you wish to make a deposit from a joint bank account, you will need to open a joint trading account.
You can make a deposit from with the secure client area by clicking on “funding” which is located on the left-hand side then selecting “deposit” and choosing the account you wish to make a deposit into before hitting “submit”.
It can take up to 5 business days for international bank transfers to be received whereas some funding methods such as e-Wallets can be instantaneous. If you have any issue during the funding process, you can contact the broker via live chat, email or telephone for support.
FP Markets has set daily limits on deposits for some methods of transfer in order to comply with their AML policies. Depending on your Country of residence, they may need to verify your card before you use if for the first time.
What are FP Markets deposit fees?
FP Markets do not charge any deposit fees and will cover internal bank fees for all international deposits. You should check to see if you will incur any bank fees from your side. The broker will cover international bank fees for deposits over $10,000, if the fee is not more than $50.
FP Markets only passes on the fees applied by their merchants for the electronic deposits or withdrawals made to and from your trading account. On occasions, depending on the method of deposit or withdrawal, fees may be applied by merchant transferring the money.
How do I withdraw money from FP Markets?
You can quickly and easily withdraw funds from your FP Markets account from within your client area using the same methods as you can to make deposits, including bank transfer, credit/debit card and a variety of online payment processors.
If you have used several deposit methods, you will need to withdraw the same amount you deposited back to each one, starting with any card deposits.
All withdrawals can only be made back to a bank account in the same name as the clients FP Markets trading account FP Markets is only able to apply funds received in the same name as the clients FP Markets trading account and hence are unable to accept third-party payments.
Deposits made by credit or debit cards will be refunded to the card. Any profits will be transferred back to a bank account in the same name as the trading account.
The time taken to receive your withdrawal will depend on the method you used. The majority of withdrawal options take 1 business day whereas international bank transfers can take between 2-5 days to clear.
What are FP Markets withdrawal fees?
Although FP Markets do not charge a withdrawal fee, there is a small internal fee of $10 for international bank withdrawals only. There may also be fees applied by third-party payment processors, depending on the method used for withdrawal.
These fees are the responsibility of the client and are subject to change. You can see the terms, conditions and schedule of the various methods for deposit and withdrawal on the brokers website.
What is FP Markets commission fee?
FP Markets charges among the lowest trading commission fees in the industry. MetaTrader standard accounts have no fees as they are included within the spread. The raw account has a very competitive $3 charge per side, totalling $7 per round turn per 100,000 traded. You also get tight spreads on the raw account, starting from zero pips.
IRESS accounts have fees from 0.08% with no minimum. There are three account sizes, 1-25K, 25K to 50K and 50K plus. This corresponds to 0.10% with a $10 minimum, 0.09% with a $9 minimum and 0.08% with no minimum, this applies for all ASX trading.
What are the FP Markets platform fees?
The FP Markets platform fee charged depends on the trading platform you choose to use. The MetaTrader 4 and MetaTrader 5 platform are both free to use, as is the IRESS Mobile version which is available on iOS/Android devices.
However, if you wish to utilise sophisticated IRESS Trader/ViewPoint trading platform with advanced functionality, there is a very reasonable $55 monthly fee, including GST. This fee is waived when if you execute a certain number of trades or generate enough commission.
Are there any FP Markets inactivity fees?
FP Markets do not apply an inactivity fee which is good as your account will not be charged even if you do not use it for a sustained period of time. Some other brokers start to chip away at your funds if there is no account activity.
What are FP Markets account types?
FP Markets offer Standard or Raw accounts MetaTrader 4 / MetaTrader 5 accounts. The main difference between the accounts is that the Standard account has a spread mark-up with no commission fee charged whereas the Raw account has spreads from just 0.0 pips and a small commission fee of $7 per 1 lot traded.
FP Markets also offer IRESS accounts, where clients can choose from Standard, Platinum and Premier accounts. The main differences between the accounts are the minimum deposit required, brokerage rate, platform fee and other charges. Generally speaking, the more you deposit and trade, the more you can save on trading costs with the IRESS accounts.
Is there an FP Markets demo account?
Yes, there is an FP Markets demo account which can be a great way to practice trading online and get familiarise yourself with the trading platforms before opening a live account. The demo account comes preloaded with $100,000 in virtual funds so you can trade risk free until you are confident enough to trade with real money. There is a short application form on the FP Markets website where you can get a free demo account and access to the MetaTrader platform in a matter of minutes.
It is important to keep in mind that demo accounts do not always replicate a real trading environment. They cannot account for important factors such as the emotions involved when trading a real account with your own funds. The spreads and execution speeds can also differ from time to time when compared to a live account. You should bare these things in mind when trading online with a demo account at any broker.
What are FP Markets spreads?
FP Markets has partnered with a diverse mix of top-tier liquidity providers and other financial institutions to deliver deep liquidity and some of the best spreads that we have seen from any broker, especially on the Raw account where the variable spreads start from just 0 pips. The standard account also has variable spreads starting from 1 pip.
The spread is the difference between the ask and bid price of a currency pair or other tradable instrument. Spread size plays an important role in trading, particularly for scalpers and intraday traders who are making a large number of transactions in a single trading session.
You will often see the EURUSD and other major currency spreads around 0 pips which is great for scalping, day trading or automated trading with expert advisors (EAs). Tight spreads can help save on trading costs in the long term and ensure entry at the best possible bid/ask prices.
You will tend to find that low liquidity or high market volatility can lead to higher spreads whereas high liquidity or a period of low market volatility can lead to lower spreads.
What is FP Markets leverage?
FP Markets offers leverage of up to 1:500 on positions in FX and precious metal CFDs. For stocks the leverage is based on the particular characteristics of the stock in question. Usually large cap stocks are on 5% to 20% margin rates
Leverage basically means that you can trade a larger position than you would be able to without it. For example, if you have capital of $2,000 and borrow $100 for every dollar from your broker, you will have $200,000 to trade with.
Whilst leverage can increase profit potential from winning trades, it can also greatly increase the risk. It is therefore of the upmost importance that you have a clear understanding of leverage, how it works and the risks involved, before trading online with leveraged positions at any broker.
What are FP Markets margin & stop out levels?
When your margin level falls to 100% you will be in margin call, and FP Markets will attempt to contact you via email to inform you. Stop out is at 50% margin level, and trades will be automatically closed starting from those with the largest loss. Keep in mind that the stop out is not an automated process on the IRESS platform, instead it is managed by the brokers risk team who will contact you if required.
Do FP Markets allow hedging, scalping, news trading & automated trading?
FP Markets have no trading restrictions, they allow for the use of Expert Advisors (EAs) along with scalping and hedging, making them an ideal destination for traders of all trading styles.
Is there an FP Markets Islamic account?
Yes, there is an FP Markets Islamic account that complies with Sharia law, where swap fees will not be credited or debited (on selected products) for traders of Islamic faith. Instead, the account holder is charged an administration fee on positions which is deducted from the balance of the account. The IRESS platform does not have swap free accounts.
To request an FP Markets Islamic account, you can open an account as normal then send a request for it to be converted to an Islamic account and wait for a confirmation from the brokers onboarding team. If the religion is not mentioned on your ID document, they may require a proof of faith in the form of a letter from your mosque confirming your religion.
What are FP Markets trading instruments?
FP Markets has one of the largest selections of financial instruments of any trading broker with over 10,000+ to choose from. The broker has CFDs in Forex, Commodities, Metals, Indices with direct market access (DMA) to over 10,000 equities. Whatever your interests, there is something for everyone to trade.
How do I open an FP Markets live account?
It is a fast and easy process opening an FP Markets account. You can register for a trading account via the FP Markets website and be ready to trade in minutes. The brokers sign-up process goes as follows:
- Register: Choose your account type and complete the short and secure application form
- Fund: Fund your trading account using a wide range of funding methods
- Trade: Start trading on your live account and access 10,000+ instruments across multiple trading platforms
How do I verify my FP Markets account?
When you first open an FP Markets account, you will need to verify it which is completely normal and due to obligatory ‘Know your Client’ (KYC) procedures that the broker must follow, in accordance with international Anti Money Laundering (AML) regulations.
They require a proof of identity and a proof of residence document from you. Proof of identity can be a valid passport, driving license or national ID card. As a proof of residence, they can accept a utility bill or bank statement showing your full name and address, that is dated within the last six months.
Once your documents have been submitted, they will be reviewed by a member of the onboarding team. It shouldn’t take more than a few hours for them to confirm if all your documents are in check, after which your account will be verified for you to make deposits.
What is FP Markets trading platform?
FP Markets provide a selection of advanced platforms. You can get access to live charting, powerful trading tools and superior execution on the MT4, MT5 and IRESS platforms. There is also the user-friendly FP Markets trading app for iOS and Android.
FP Markets’ platforms are built for real traders, offering the industry’s most advanced charting and technical indicator capabilities to help you make better trading decisions.
Where can I download FP Markets platform?
You can download any of the FP Markets platforms by logging in to your Client Area. They are free to download and can be used on desktop, directly in your web browser or as mobile apps for your smart devices.
Where is FP Markets located?
FP Markets headquarters is located in Sydney, Australia.
Is FP Markets regulated?
Yes, FP Markets is regulated by the Australian Securities and Investment Commission (ASIC), Australia’s corporate regulatory body and financial watchdog. The company holds an Australian Financial Services Licence (AFSL) and is fully licensed to provide financial services. Furthermore, FP Markets are authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
What countries do FP Markets accept?
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.
Is FP Markets a scam?
No, FP Markets is not a scam, they are a well-respected and regulated broker who have over 40+ awards in the field of client servicing and execution technologies, making them one of the most reliable forex brokers in the industry. Earning an abundance of awards in the competitive forex market space does not come overnight.
Established in 2005, FP Markets has provided forex traders with an outstanding trading experience and continues to strive to be among the best forex brokers.
How can I contact FP Markets support?
You can contact FP Markets support using a variety of methods including Live Chat, Phone and Email. If you have a general query, you may want to visit the brokers FAQs page which serves as a self-service tool. It contains a range of information on account opening, funding, trading and company information. This is the easiest place to find solutions to common questions such as how to open an account, deposit funds, download platforms and more.
Anyone needing further assistance can utilise the brokers Live Chat option. They support an impressive 12+ languages, thus there is no need for any interpreting services. From Melbourne to Munich and Madrid, accessibility is at your fingertips with team members available around the clock 24/7. Whatever your question, FP Markets customer service will be more than happy to assist you in a prompt and efficient manner.
FP Markets Summary
FP Markets is a strictly regulated broker with over a decade’s worth of experience and offer a large range of trading products across multiple global markets. They have award winning platforms with transparent pricing, fast execution speeds and competitive trading costs. There are flexible account types and leverage to suit all types of traders. They even offer social trading via Myfxbook autotrade and MQL5 signals.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.