FP Markets is an Australian-based forex and CFD broker that was founded in 2005. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets offers a wide range of trading instruments, including forex, commodities, indices, cryptocurrencies, and shares. The broker offers a range of educational resources, including webinars, trading guides, and market analysis.
FP Markets Trading Instruments
FP Markets offers a wide range of trading instruments, including:
- Forex: FP Markets offers over 60 currency pairs, including majors, minors, and exotics.
- Commodities: FP Markets offers trading in gold, silver, platinum, palladium, copper, oil, and gas.
- Indices: FP Markets provides access to over 20 global indices, including the US 500, UK 100, Germany 30, and Japan 225.
- Cryptocurrencies: FP Markets offers trading in Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
- Shares: FP Markets offers trading in over 10,000 shares from some of the world’s largest companies, including Apple, Facebook, Google, and Amazon.
Trading Conditions
The spreads offered by FP Markets are competitive, with the average spread on EUR/USD starting from as low as 0.0 pips on the Raw account.
FP Markets offers flexible leverage of up to 500:1 for forex trading, and up to 200:1 for trading in other instruments.
FP Markets uses state-of-the-art technology to provide fast and reliable execution, with 99.78% of orders executed within 42 milliseconds.
The minimum deposit required to open a standard account with FP Markets is $100, while the minimum deposit for an ECN account and Raw account is $1,000 and $100 respectively.
The commission charged by FP Markets is competitive, with the Raw account offering commission of $3.00 per lot per side.
FP Markets offers access to three trading platforms: MetaTrader 4, MetaTrader 5, and IRESS. These platforms are available for desktop, web, and mobile devices.
Account Types
The Forex account types offered by FP Markets are:
- Standard Account: This is the basic forex account type that requires a minimum deposit of $100. It offers spreads starting from 1.0 pip and no commission charges.
- Raw Account: This forex account type requires a minimum deposit of $100 and offers spreads starting from 0.0 pips, with a commission charge of $3.0 per lot per side.
- ECN Account: This forex account type requires a minimum deposit of $1,000 and offers spreads starting from 0.0 pips, with a commission charge of $3.5 per lot per side.
In addition, FP Markets offers a demo account for traders who want to practice trading with virtual funds before trading with real money. The demo account provides access to the same trading platforms and trading instruments as the live accounts.
Regulation and Security
FP Markets is a well-regulated and secure forex and CFD broker. The company is regulated by two reputable financial regulatory authorities, including:
- Australian Securities and Investments Commission (ASIC): FP Markets is licensed by ASIC under the Australian Financial Services License (AFSL) number 286354. ASIC is a well-respected financial regulatory authority that regulates financial markets and services in Australia.
- Cyprus Securities and Exchange Commission (CySEC): FP Markets is also authorized and regulated by CySEC under the license number 371/18. CySEC is a financial regulatory authority that regulates investment services and activities in Cyprus.
In addition to regulatory oversight, FP Markets provides a high level of security to protect its clients’ funds and personal information. The following security measures are in place:
- Client Funds Protection: FP Markets keeps client funds in segregated accounts with top-tier banks, ensuring that they are separate from the company’s operational funds.
- Secure Trading Platforms: FP Markets uses state-of-the-art technology to provide secure and reliable trading platforms for its clients. All platforms are protected by advanced encryption technology and firewalls.
- Negative Balance Protection: FP Markets provides negative balance protection to ensure that clients cannot lose more than their account balance.
- Two-factor authentication: FP Markets offers two-factor authentication to clients for an additional layer of security.
Conclusion on FP Markets
Overall, FP Markets is a reputable and reliable forex and CFD broker that offers a wide range of trading instruments, flexible account types, and competitive trading conditions. The company is regulated by two reputable financial regulatory authorities, ensuring that it operates with transparency and fairness.
FP Markets provides access to three trading platforms, including MetaTrader 4, MetaTrader 5, and IRESS, which cater to traders of all levels. In addition, the company offers a variety of educational resources, including webinars, tutorials, and trading tools, to help traders improve their skills and knowledge.
The company also provides a high level of security for its clients’ funds and personal information, with measures such as segregated accounts, advanced encryption technology, and two-factor authentication.
In conclusion, FP Markets is a solid choice for traders looking for a reliable and competitive forex and CFD broker, with a wide range of trading instruments, flexible account types, and advanced trading platforms.
I have used other platforms but this fpmarkets stands out excellent
Previously this company used High logging security using 2FA authentication via SMS code. however recently they have change it to another old and lowest security method by using pin method. probably this company is going to support fraud by lowering their account logging security. Because pin method isn’t a rotatable method and the pin code can easily be hacked. Atleast they should have changed their 2FA method to an authentication app like Microsoft or Google. But now they are using pin. how funny this is. All clients of the company must be much careful of your money.
The best thing is the support service. It is really fast and helpful. Thanks to Andreas for providing me with such a great assistance. Best experience ever 🙂