Established in 2005 in Sydney, Australia, FP Markets has emerged as a prominent player in the online brokerage industry, offering a comprehensive suite of trading services to a global clientele. The broker provides access to a diverse range of financial instruments, including forex, commodities, indices, cryptocurrencies, and equities, enabling traders to diversify their portfolios effectively.
At-a-glance Statistics
- Total visits, January 2025:563,822
- Device distribution:
- Desktop: 59.27%
- Mobile: 40.73%
- Visit duration: 00:02:57
- Visitors:
- Youtube: 72.92%
- LinkedIn: 4.26%
- Facebook: 6.26%
- Instagram: 5.28%
- WhatsApp: 8.20%
- Other: 3.08%
FP Markets Contact Information
Website | https://www.fpmarkets.com/ |
Phone Number | +44 28 2544 7780 |
Support Email | supportteam@fpmarkets.com |
Headquarters Address | Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines |
Operating under a robust regulatory framework, FP Markets is licensed by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with stringent financial standards and practices. The broker’s commitment to transparency and client security is further demonstrated through its adherence to client fund segregation and participation in compensation schemes. FP Markets caters to traders of varying experience levels by offering multiple account types, competitive trading conditions, and a selection of advanced trading platforms, including MetaTrader 4, MetaTrader 5, and IRESS. With a focus on providing low-latency execution, tight spreads, and comprehensive educational resources, FP Markets strives to deliver an optimal trading environment that supports both novice and seasoned traders in achieving their financial objectives.
General Information about FP Markets
Regulators | Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission, Financial Sector Conduct Authority, Financial Services Authority Seychelles, Financial Services Authority |
Min. Deposit | $50 (AU$100) |
Trading Platforms | cTrader, IRESS, TradingView |
Number of Forex pairs | 70 |
Account Security and Protections |
|
Account Information
Account Types | Demo Account, Standard Account, Raw Account, Pro Account, Islamic Account |
ECN Account | |
Pro Account | |
MAM Account |
Trading Information
Markets | Commodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs |
Min Contact Size | 0.01 |
Max Contract Size | 50 (50 lots) |
Min Account Balance | USD50 |
Scalping Allowed | |
Hedging Allowed | |
PAMM Trading | |
Swap-free Trading |
Spreads
Market | Instrument | Account | Spread |
---|---|---|---|
Forex CFDs | AUDUSD | Standard Account | AVG 1.3 pips |
Crypto CFDs | Bitcoin | Standard Account | AVG 21.28 pips |
Crypto CFDs | Cardano | Standard Account | AVG 0 pips |
Crypto CFDs | Dogecoin | Standard Account | AVG 0 pips |
Crypto CFDs | Ethereum | Standard Account | AVG 4.72 pips |
Forex CFDs | EURGBP | Standard Account | AVG 1.3 pips |
Forex CFDs | EURUSD | Standard Account | AVG 1.2 pips |
Forex CFDs | GBPUSD | Standard Account | AVG 1.4 pips |
Metals CFDs | Gold | Standard Account | AVG 0.21 pips |
Energy CFDs | Natural Gas | Standard Account | AVG 0.02 pips |
Forex CFDs | NZDUSD | Standard Account | AVG 1.5 pips |
Crypto CFDs | Ripple | Standard Account | AVG 0 pips |
Crypto CFDs | Solana | Standard Account | AVG 1.1 pips |
Indices CFDs | US500 | Standard Account | AVG 0.46 pips |
Forex CFDs | USDCAD | Standard Account | AVG 1.4 pips |
Forex CFDs | USDCHF | Standard Account | AVG 1.5 pips |
Forex CFDs | USDCNY | Standard Account | AVG 1.8 pips |
Forex CFDs | USDJPY | Standard Account | AVG 1.5 pips |
Leverage
Crypto CFDs | 1:2 (CySEC | Retail Account) |
Crypto CFDs | 1:2 (CySEC | Retail Account) |
Crypto CFDs | 1:2 (FSAS | Retail Account) |
Metals CFDs | 1:500 (CySEC | Pro Account) |
Metals CFDs | 1:20 (CySEC | Retail Account) |
Metals CFDs | 1:200 (FSAS | Retail Account) |
Stock CFDs | 1:20 (CySEC | Pro Account) |
Stock CFDs | 1:5 (CySEC | Retail Account) |
Stock CFDs | 1:20 (FSAS | Retail Account) |
Commodities CFDs | 1:10 (CySEC | Retail Account) |
Energy CFDs | 1:25 (CySEC | Pro Account) |
Indices CFDs | 1:200 (CySEC | Pro Account) |
Indices CFDs | 1:20 (FSAS | Retail Account) |
Crypto CFDs | 1:2 (CySEC | Pro Account) |
Energy CFDs | 1:100 (CySEC | Pro Account) |
ETF CFDs | 1:5 (CySEC | Retail Account) |
Forex CFDs | 1:500 (CySEC | Pro Account) |
Forex CFDs | 1:30 (ASIC | Retail Account) |
Forex CFDs | 1:30 (CySEC | Retail Account) |
Forex CFDs | 1:500 (FSAS | Retail Account) |
Indices CFDs | 1:20 (CySEC | Retail Account) |
Deposit Methods
Visa Card | |
MasterCard | |
Paypal | |
Credit/Debit Card | |
Amex | |
Bank/Wire Transfer | |
Crypto | |
Bitcoin | |
Skrill | |
Neteller | |
Google Pay | |
Apple Pay | |
Payid | |
USDT | |
Tether | |
Astropay |
Regulations and Security
FP Markets operates under strict regulatory supervision, offering clients a secure and transparent trading environment. The broker is licensed and regulated by the Australian Securities and Investments Commission (ASIC), which enforces rigorous financial standards. ASIC’s oversight ensures that FP Markets complies with capital adequacy requirements, risk management protocols, and segregates client funds from operational accounts, providing an additional layer of security.
In addition to ASIC, FP Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), allowing it to operate across the European Economic Area under the Markets in Financial Instruments Directive (MiFID II). CySEC regulation enforces stringent rules regarding client protection, transparency, and operational practices. Both regulatory bodies mandate regular audits and reporting, ensuring FP Markets maintains its commitment to accountability and financial integrity. These regulations not only protect client interests but also bolster confidence in the broker’s reliability.
By maintaining compliance with these high standards across jurisdictions, FP Markets underscores its dedication to creating a trustworthy trading environment. Whether trading in Australia, Europe, or beyond, clients can rest assured that FP Markets operates transparently and responsibly under well-respected financial oversight.
Account Types and Features
FP Markets provides multiple account types tailored to meet the diverse needs of traders, from beginners to seasoned professionals.
-
Standard Account
Ideal for newcomers, this account requires a minimum deposit of $100 and features spreads starting at 1.0 pips with no commissions. It is designed for traders seeking simplicity and cost-effectiveness.
-
Raw Account
Suited for intermediate and advanced traders, the Raw Account offers spreads starting at 0.0 pips with a competitive commission of $3 per lot. This account type appeals to those prioritizing tight spreads and transparency.
-
IRESS Accounts
Targeting professional traders and investors, these accounts include Standard, Platinum, and Premier options, each with varying deposit requirements and features. They provide direct market access, advanced charting tools, and the ability to trade over 10,000 instruments.
FP Markets also offers Islamic (swap-free) accounts, catering to traders adhering to Sharia law, and demo accounts, allowing users to practice trading in a risk-free environment.
Opening an account is a straightforward process
- Initial Registration: Begin by visiting the FP Markets website. Click on the “Open an Account” or “Sign Up” button, usually found at the top right corner of the homepage. This will redirect you to the registration page where you’ll need to provide some basic information. This includes your first and last name, email address, phone number, and a password for your account. Ensure your password is strong and unique to maintain account security.
- Account Type Selection: After the initial registration, you’ll be prompted to choose the type of account you wish to open. Each account type has its own set of features, such as leverage, spreads, and commission structures. Select the account that best suits your trading needs and experience level.
- Personal Details: The next step involves providing more detailed personal information. This will include your date of birth, address, and other identification details. The information required may vary depending on your country of residence and the regulatory requirements that FP Markets must adhere to.
- Verification Process: As part of the Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, FP Markets will require you to verify your identity and residence. This typically involves uploading scanned copies or photos of identification documents such as a passport, national ID card, or driver’s license for identity verification.
- Deposit Funds: Once your account is verified, you can proceed to deposit funds. FP Markets offers various payment methods, including credit/debit cards, bank wire transfers, and electronic payment systems. Choose the method that is most convenient for you and follow the instructions provided.
- Demo Account Option: If you’re new to trading or want to test the platforms and services offered by FP Markets, you might consider opening a demo account first. Demo accounts are funded with virtual money, allowing you to practice trading strategies and get familiar with the trading environment without risking real capital.
Trading Platforms
FP Markets offers a variety of trading platforms to suit different trading styles and preferences. The most popular options include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their user-friendly interfaces, advanced charting tools, and support for automated trading through Expert Advisors (EAs). Both platforms are available on desktop, mobile, and web, ensuring seamless trading on the go.
For professional traders, the IRESS platform stands out with its sophisticated features. It provides direct market access, real-time data feeds, and advanced charting capabilities. This platform is particularly suitable for equity and CFD traders who require detailed analytics and superior execution.
FP Markets also offers the cTrader platform, which focuses on transparency and high-speed execution. It is ideal for algorithmic traders, offering features like cAlgo for coding and backtesting trading strategies.
The platforms are complemented by additional tools, such as VPS hosting for uninterrupted trading and Smart Trader Tools for enhanced technical analysis. The availability of platforms across multiple devices ensures that traders can access their accounts anytime, anywhere.
FP Markets’ diverse range of trading platforms, combined with their cutting-edge features, caters to both beginner and advanced traders, ensuring a smooth and efficient trading experience.
Trading Instruments
FP Markets provides a wide range of trading instruments across various asset classes, catering to the diverse needs of traders. The following is a structured overview of the trading instruments available:
-
Forex
- Currency Pairs: FP Markets offers trading in over 60 major, minor, and exotic currency pairs, including EUR/USD, USD/JPY, GBP/USD, and more.
- Leverage: Leverage options vary, with some accounts offering up to 500:1, allowing traders to control larger positions with a smaller amount of capital.
- Spreads: Competitive spreads starting from 0.0 pips on ECN accounts, with commission fees applicable on certain account types.
-
Indices
- Global Indices: Trade on a variety of global indices, such as the S&P 500, Dow Jones, NASDAQ, FTSE 100, DAX, and more.
- Leverage: Leverage options are available, typically up to 200:1, depending on the account type and market conditions.
- Spreads: Competitive spreads, with some indices offering spreads as low as 0.4 points.
-
Commodities
- Metals: Gold, Silver, Platinum, and Palladium are available for trading, with leverage options and competitive spreads.
- Energies: Trade on crude oil, natural gas, and other energy commodities, with varying leverage and spread conditions.
- Soft Commodities: Some soft commodities like coffee, sugar, and cocoa may also be available, depending on market conditions and the broker’s offerings.
-
Cryptocurrencies
- Major Cryptocurrencies: FP Markets offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more, against the US dollar or other fiat currencies.
- Leverage: Leverage for cryptocurrency trading is typically lower than for forex, often up to 20:1, due to the volatile nature of these markets.
- Spreads: Spreads can be wider for cryptocurrencies due to market volatility, but FP Markets aims to offer competitive pricing.
-
Shares (CFDs)
- Global Shares: Trade on CFDs of shares from major exchanges around the world, including the US, UK, Australia, and Europe.
- Leverage: Leverage options are available, typically up to 20:1 for shares, allowing traders to gain exposure to equity markets with less capital.
- Spreads: Competitive spreads are offered, with some shares having spreads as low as 0.01%.
-
Bonds
- Government Bonds: FP Markets may offer trading in government bonds from various countries, providing an opportunity to trade on interest rate movements.
- Leverage and Spreads: Leverage and spread conditions for bonds can vary, often with lower leverage compared to other instruments and spreads that reflect the bond’s liquidity and market conditions.
Trading Conditions
FP Markets provides traders with favourable trading conditions, designed to accommodate a range of trading styles and strategies. The broker offers leverage of up to 1:500, giving traders the potential to amplify their returns. However, high leverage comes with increased risk, making it essential for traders to employ proper risk management techniques.
Spreads with FP Markets are highly competitive. For the Standard Account, spreads start at 1.0 pips with no commission fees, making it an attractive choice for cost-conscious traders. The Raw Account, designed for professionals, offers spreads starting at 0.0 pips with a low commission of $3 per lot, providing transparency and cost-efficiency for high-volume traders.
Margins are clearly defined, ensuring traders can plan their strategies effectively. Additionally, FP Markets prioritizes low-latency execution to minimize slippage, a crucial feature for scalpers and high-frequency traders.
By maintaining a balance between competitive spreads, flexible leverage, and transparent commission structures, FP Markets creates an optimal environment for traders to thrive. This commitment to delivering quality trading conditions cements the broker’s reputation as a top-tier choice for global clients.
Deposits and Withdrawals
FP Markets offers a seamless and secure deposit and withdrawal process, ensuring that clients can manage their funds efficiently. The following details outline the procedures:
Deposit
- Deposit Options: Clients can deposit funds via bank wire transfers, major credit/debit cards, and popular e-wallets such as PayPal, Skrill, and Neteller.
- Minimum Deposit Requirement: The minimum deposit amount is $100, making it accessible to traders with varying budget sizes.
- Deposit Processing Time: Deposits are typically processed instantly or within a few hours, depending on the payment method used.
Withdrawal
- Withdrawal Options: Clients can withdraw funds using the same methods available for deposits, including bank wire transfers and e-wallets.
- Withdrawal Processing Time: Withdrawal requests are processed within 1-3 business days for bank transfers and less than 24 hours for e-wallets.
- Fees and Charges: FP Markets does not charge internal fees for deposits or withdrawals. However, clients may be subject to third-party fees imposed by their payment providers.
Security and Transparency
- Secure Payment Gateway: FP Markets utilizes a secure payment gateway to protect client transactions and ensure the confidentiality of sensitive information.
- Transparent Fees: The company maintains transparency regarding fees and charges, providing clients with a clear understanding of any costs associated with deposit and withdrawal transactions. By prioritizing security, convenience, and transparency, FP Markets provides a reliable and efficient deposit and withdrawal experience for its clients.
Copy Trading and Additional Services
FP Markets provides a comprehensive copy trading feature, allowing clients to mirror the strategies of experienced traders. This service is facilitated through platforms like Myfxbook and MQL5, ensuring seamless integration and a user-friendly experience. Beginners can benefit from this feature by learning from seasoned traders, while experienced investors can diversify their portfolios without direct market involvement.
In addition to copy trading, FP Markets offers several supplementary services designed to enhance the trading experience. VPS hosting ensures uninterrupted access to trading platforms, crucial for algorithmic traders relying on automated systems. The broker also provides Smart Trader Tools, which include advanced technical indicators and risk management features.
Educational resources are another highlight, with FP Markets offering webinars, tutorials, and market analysis to empower traders with knowledge and insights. These resources are invaluable for both novice and experienced traders aiming to stay ahead in the competitive markets.
Customer Service
FP Markets offers 24/7 customer support to ensure traders receive assistance whenever they need it. Clients can reach the support team through various channels, including live chat, email, and phone. The broker’s multilingual support staff cater to clients from diverse linguistic and cultural backgrounds, further enhancing its accessibility and reliability.
The support team is known for its prompt and professional approach, addressing technical issues, account inquiries, and trading-related concerns effectively. Additionally, FP Markets provides an extensive FAQ section and support documentation, offering quick solutions to common questions.
With its round-the-clock availability and multilingual service, FP Markets prioritizes customer satisfaction, ensuring that traders feel supported throughout their trading journey.
Pros and Cons
Pros
- Competitive spreads and low commissions, catering to cost-conscious traders.
- Regulated by top-tier authorities like ASIC and CySEC, ensuring security and transparency.
- Access to over 10,000 instruments across multiple asset classes.
- Advanced trading platforms like MT4, MT5, and IRESS, providing flexibility.
- Comprehensive educational resources and tools for trader development.
Cons
- High leverage may increase risk for inexperienced traders.
- Limited cryptocurrency options compared to some competitors.
- Withdrawal processing times can vary depending on the method.
FP Markets balances its strengths and weaknesses effectively, making it a strong contender for traders seeking reliability and performance.
Conclusion
FP Markets has established itself as a trusted and versatile broker, serving clients with a diverse range of financial instruments, cutting-edge platforms, and competitive trading conditions. Backed by stringent regulations from ASIC and CySEC, the broker prioritizes client security and transparency, ensuring traders operate in a safe environment.
Whether you are a beginner looking for simplicity or a seasoned trader seeking advanced tools, FP Markets caters to all levels of expertise. Features like copy trading, VPS hosting, and comprehensive educational materials further enhance the trading experience, making the broker a great choice for various trading needs.
While FP Markets excels in offering diverse instruments and low trading costs, its limited cryptocurrency options and potential withdrawal delays might be areas for improvement. Nonetheless, the broker’s commitment to providing a supportive and professional trading environment remains unparalleled.
Overall, FP Markets stands out as a reliable and client-focused partner, empowering traders to achieve their financial goals effectively.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.