FP Markets is a popular broker that offers trading on forex, commodities, indices, and shares. It has a wide range of account types and platforms to suit your needs. You’ll have access to ultra-fast execution, tight spreads, and a huge range of markets to trade. If you like to know more about this platform, then just keep reading this FP Markets review to know more about this platform.
A Detailed Table on FP Markets
Category | Details |
Company Name | FP Markets |
Founded Year | 2005 |
Regulation | ASIC (Australian Securities and Investments Commission) |
Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS |
Account Types | Standard and Raw |
Withdrawal Methods | Bank Wire Transfer, Credit/Debit Cards, Online Payment Methods |
What Product Does FP Markets Offer
This platform offers a wide range of products for traders of all experience levels. For forex trading, they provide access to over 60 currency pairs. If you want to dive into the stock market, you can trade over 10,000 global shares across major exchanges like the NYSE and NASDAQ.
Commodities, indices, cryptocurrencies, bonds, and ETFs are also on the menu. Whether you’re into gold, the S&P 500, Bitcoin, or beyond, FP Markets has you covered.
Their platforms support CFD trading, allowing you to go long or short and potentially profit whether the market is going up or down. You can also trade with leverage to increase your buying power.
For beginners, FP Markets offers demo accounts so you can practice for free before putting real money on the line. More advanced traders will appreciate features like price alerts, trailing stops, and guaranteed stop loss orders to help manage risk.
What are the Account Types
FP Markets offers a variety of account types to suit your trading needs. For starters, there’s the Standard Account. This is FP Markets’ basic account and is ideal for novice traders. It has competitive spreads and commission fees, and you can trade over 10,000 instruments across forex, metals, energies, indices, cryptocurrencies, and stocks.
The Raw Account is a good next step up. It provides tighter spreads from 0.0 pips and a lower commission of just $3.50 per lot. You get access to the same wide range of markets as the Standard Account.
Experienced traders will want to check out the VIP Account. You’ll enjoy spreads from 0 pips, a $2.50 commission per lot, and extra perks like a dedicated account manager. The minimum deposit is higher at $20,000, but the benefits can be well worth it.
It also offers a demo account so you can test the platform before putting real money on the line. The demo account mirrors the live environment and is a great way to build confidence and develop winning trading strategies.
Where You Can Trade
They offer its clients access to over 10,000 tradable instruments across Forex, Metals, Commodities, Indices, and Stocks. You’ll have a wide range of markets and products to choose from.
Whether you want to trade major currency pairs like EUR/USD or exotic crosses like USD/SEK or prefer commodities such as oil and gold, FP Markets has you covered.
They also offer CFDs on global indices like the S&P 500, FTSE 100, and Nikkei 225 so you can speculate on the stock markets without buying the actual stocks. You can go long or short on all CFDs to take advantage of rising and falling markets.
It gives you the power and flexibility to trade on the go from your mobile, on your desktop, or web browser. Their platforms feature powerful charting, technical analysis tools, risk management features, and more – all aimed at enhancing your trading experience.
With tight spreads and fast trade execution, FP Markets provides a high-performance trading environment to suit all experience levels. Whether you’re an experienced trader or just starting, FP Markets has the right account for you.
Deposits and Withdrawals
FP Markets offers several easy deposit and withdrawal options to fund your trading account. The FP Markets minimum deposit is $100. Here are the guidelines on how you can deposit and withdrawals on FP Markets.
Bank Wire Transfers
Make deposits and withdrawals directly from your bank account. While bank wires typically have higher minimums, around $100, the funds are available immediately.
Credit/Debit Cards
Use your Visa or Mastercard to instantly deposit into your FP Markets account. Most deposits under $2,000 are fee-free. However, withdrawals back to cards typically have higher fees, around 3%.
E-Wallets
FP Markets accepts popular e-wallets like Neteller, Skrill, PayPal, and China Union Pay for fast, low-cost transactions. Deposits are free and available instantly. E-wallet withdrawals are also free up to once per month.
Broker-to-Broker Transfers
If you have funds in another brokerage account, you can transfer them directly to FP Markets. Most transfers between major brokers are free and take 3 to 5 business days. Make sure to double-check that your other brokerage allows transfers to FP Markets.
What are the Unique Trading Features
FP Markets offers ultra-tight spreads and high leverage of up to 500:1, allowing you to maximize your potential profits. You’ll have more buying power to open larger positions with less capital. Their average EUR/USD spread is an industry-leading 0.0 pips.
Metatrader 4 and 5
You can trade on the popular Metatrader 4 or the newer Metatrader 5 platform. MT4 and MT5 offer one-click trading, multiple chart types, dozens of indicators, and automated trading through Expert Advisors (EAs). The platforms can be accessed via desktop, web, and mobile versions so you can trade whenever and wherever.
Myfxbook and MT4 Genesis
For advanced traders, FP Markets integrates with Myfxbook for account monitoring and the MT4 Genesis add-on which provides additional tools for expert advisors, indicators, scripts, and signal generation. This allows for a high level of customization.
VPS Hosting
FP Markets provides free VPS hosting for accounts over $1,000 which gives you a virtual private server to run your MT4 EAS 24 hours a day, 7 days a week with no downtime. Your EAs and trades will continue to run even when your device is offline.
Autochartist and Trading Central
Get access to Autochartist and Trading Central, which provide automated pattern recognition, volatility analysis, and trading signals. These advanced tools can help identify potential trading opportunities and entry/exit points.
Is FP Markets Legit or Scam?
FP Markets is a legitimate online trading platform. The broker adheres to strict financial standards. It ensures client fund segregation and employs secure payment methods. With a reputation for transparency, FP Markets provides a range of trading instruments, advanced technology, and competitive spreads.
Positive user reviews further attest to its credibility. As with any financial service, users should conduct due diligence. Overall, it is recognized as a trustworthy and reputable broker in the industry.
Final Thought
FP Markets has the tools and resources to help you reach your goals. With a wide range of markets, tight spreads, and platforms suited for any style of trading, you’ll have everything you need to take your skills to the next level. And if you do get stuck, their helpful support team is there 24/5 to provide guidance. Thank you all for reading this article.
If you have lost money to companies like Forex.com, ATFX, or Plus500, please report it today by the below form.
