Overall, FP Markets is considered a low-risk trading option and can be summarized as a trustworthy and well-regulated broker. Notably, FP Markets is currently ranked #7 out of 992 brokers with an easy to use trading dashboard for beginners.
FP Markets at a glance
| Broker’s Name | FP Markets |
| 📍 Headquartered | Sydney, Australia |
| 📅 Year Founded | 2006 |
| ⚖️ Regulating Authorities | CySEC, ASIC |
| 🌐 Countries not accepted for trade | United States, Japan, New Zealand |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 💳 Fees | FP Markets covers bank withdrawal fees |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Credit and debit cards, bank transfer, BPAY, Poli, PayPal, Neteller, Skrill, PayTrust, Ngan Luong, FasaPay, Online Pay, and Broker to Broker |
| 💳 Withdrawal Options | Credit and debit cards, bank transfer, BPAY, Poli, PayPal, Neteller, Skrill, PayTrust, Ngan Luong, FasaPay, Online Pay, and Broker to Broker |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, Iress Trader |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, cryptocurrencies, share CFDs, Indices, Commodities, Precious Metals |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/7 |
FP Markets Review – 19 Keypoint overview:
What is FP Markets?- Safe or Scam?
- FP Markets Pros and Cons
- FP Markets Leverage
- FP Markets Accounts
- FP Markets Market Instruments
- FP Markets Fees
- FP Markets Customer Reviews – TrustPilot
- FP Markets Deposit and Withdrawal
- FP Markets Trading Platforms
- FP Markets vs AvaTrade vs FBS – Comparison Table
- How to open a FP Markets account
- Best Countries by Traders
- FP Markets Customer Support
- FP Markets Education
- FP Markets Research
- FP Markets Awards
- Conclusion
- Disclaimer
FP Markets understands what traders need and has learned that the combination of pricing, execution speed, cutting-edge platforms, product range, customer support and market analysis are the key to giving clients trading confidence.
What is FP Markets?
According to research in South Africa, FP Markets is an Australian broker that was established in 2005 and offers traders access to contract for difference (CFD) trading across forex, indices, commodities, stocks, and cryptocurrencies on consistently tighter spreads in supreme trading conditions.
Safe or Scam?
FP Markets has been globally regulated since 2005 and has proved itself as one of the most reliable forex brokers in the industry.
Regulators require a company to be adequately capitalized and ensure that client funds are not used for hedging.
This means that clients’ funds are held in separated client accounts from the company’s own funds. Australian regulation also demands that all funds be reconciled each day.
Choosing FP Markets offers the investor a broker that complies with the most stringent regulations for protection.
FP Markets offers tighter spreads from 0.0 pips on its platforms and its Electronic Communication Network (ECN) pricing model is transparent so that traders can rely on institutional-grade liquidity from top-tier banks to ensure market-leading pricing.
FP Markets is connected to the NY4 Equinix server in New York via fibre optic technology to ensure a fast execution speed, so that neither price manipulation, desk dealing, nor re-quotes occur.
FP Markets has partnered with top financial institutions such as HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity.
FP Markets Pros and Cons
| ✔️ Pros | 🔴 Cons |
| ✔️ Forex fees are low | 🔴 Stock CFD fees are high |
| ✔️ Accounts can be opened fast and easy | 🔴 Product portfolio are somewhat limited |
| ✔️ Deposit and withdrawal processes are quickly executed | 🔴 Web and desktop platform is somewhat outdated |
| ✔️ Segregated accounts and annual reports | |
| ✔️ Clients are assured about the services of a broker that complies with the most stringent regulations for investor protection. | |
| ✔️ FP Markets offers consistently tighter spreads from 0.0 pips | |
| ✔️ There is no price manipulation, no dealing desk, and no re-quotes. | |
| ✔️ Offering 24/5 Multi-lingual support | |
| ✔️ FP Markets covers bank withdrawal fees |
FP Markets Leverage
FP Markets offers leverage of up to 1:500 on positions in FX and precious metal CFDs, along with stop losses, so that traders can make the most of price movements while ensuring robust risk management measures.
As one of the most common tools in the trading world, leverage allows a trader to invest much more in his trades, with relatively small deposit amounts. With FP Market’s leverage, a trader can trade much larger lots and increase his exposure to the markets.
FP Markets suggests minimizing the amount of capital needed to invest where the trader only needs to pay a portion rather than paying the full asset price.
The company provides the opportunity to trade in more expensive instruments with high liquidity, even for the trader with only a small amount of capital to invest.
FP Markets increase the traders’ exposure to the markets, allowing them to enter larger trades than what would have been possible with just their own capital.
Traders should however take note that larger leverage not only magnifies their profit but also their loss potential. So, always assess your risk tolerance before you choose a leverage ratio.
FP Markets Accounts
FP Markets offers Standard or Raw accounts on its MT4/5 accounts. On its Iress accounts, clients can choose from Standard, Platinum, or Premier Accounts. FP Markets covers bank withdrawal fees
Standard Account – (MT4 – MT5)
| 📊 Spreads | From 1.0 pips |
| 💳 Commission | Zero |
| 💰 Minimum Deposit | $100/R1 600 ZAR |
| 📈 Maximum Leverage | 500:1 |
Raw Account – (MT4 – MT5)
| 📊 Spreads | From 0.0 pips |
| 💳 Commission | $3/R48 ZAR |
| 💰 Minimum Deposit | $100/R1 600 ZAR |
| 📈 Maximum Leverage | 500:1 |
Standard (IRESS) Account
| 📊 Financing | FP Markets Base Rate +4.0% |
| 💳 Commission per Lot | $10 AUD/R160 ZAR min, then 0.1% |
| 💰 Minimum Deposit | $1,000 AUD/R16 000 ZAR |
| 📈 Equity CFD margin rates | from 3% |
Platinum Account – (IRESS)
| 📊 Financing | FP Markets Base Rate +3.5% |
| 💳 Commission per Lot | $9 AUD/R144 ZAR min, then 0.09% |
| 💰 Minimum Deposit | $25,000 AUD/R400 000 ZAR |
| 📈 Equity CFD margin rates | from 3% |
Premier Account – (IRESS)
| 📊 Financing | FP Markets Base Rate +3.0% |
| 💳 Commission per Lot | No min, then 0.08% |
| 💰 Minimum Deposit | $50,000 AUD/R800 000 ZAR |
| 📈 Equity CFD margin rates | from 3% |
FP Markets Market Instruments
MAM/PAMM
FP Markets’ forex offering is flexible with both Multi-Account Manager (MAM) and Percent Allocation Management Model (PAMM) allocations available. Both provide managers the tight control they need to maximize returns.
As one of the leading MAM/PAMM account brokers FP Markets’ software is perfect for traders or money managers using Expert Advisors (EAs). Order management monitoring for MAMs and PAMMs also aids transparency and provides more appeal to investors.
Other benefits include:
| ➡️️ Lot, percentage and equity allocation options |
| ➡️️ Unlimited trading accounts and deposit levels |
| ➡️️ Live order management within MAM |
| ➡️️ Real-time performance and commissions reports |
| ➡️️ Ultra-fast trade allocation |
| ➡️️ Support for all trading styles |
| ➡️️ Expert Advisors (EAs) for all clients |
| ➡️️ Full stop-loss, take-profit and pending orders |
FP Markets Fees
FP Markets covers bank withdrawal fees. FP Markets charges among the lowest trading commission fees in the industry and only passes on the fees applied by merchants for electronic deposits or withdrawals.
Clients should review FP Markets’ fee schedule regularly and when transacting one’s acceptance of the fees must be confirmed.
Bank Wire Fee Schedule
| ➡️️ EFT (Domestic) Deposit and withdrawal fees | $0 |
| ➡️️ EFT (Overseas) Deposit fees | Dependent on currency |
| ➡️️ EFT (Overseas) Withdrawal fees | $10/R160 ZAR |
| ➡️️ BPAY internet bank transfer fees | $0 |
| ➡️️ BPAY Credit & Debit Card fees | 1.6% of amount for Iress, 0% for MT4/5 |
| ➡️️ Deposit fees for MT4/5 account | 0% |
| ➡️️ Credit & Debit Card Deposit in AUD fees for Iress Account | 1.6% of amount |
| ➡️️ Credit & Debit Card Deposit in Foreign Currency fees for Iress Account | 3.18% of amount |
| ➡️️ China Union Pay deposit fees | 0% |
| ➡️️ Deposit fees for MT4/5 account | 0% |
| ➡️️ Deposit fees for IRESS account | Neteller charges a 4% deposit fee |
FP Markets Customer Reviews – TrustPilot
Elegant simplicity
Sign up process online was straight forward.
Portal easy to use, I was up and running in no time at all.
Account manager called the next day to check on me, great customer service.
Fantastic Customer Service experience
Fantastic Customer Service experience, highly recommend
Tim was very transparent and sorted out…
Tim was very transparent and sorted out my issues straight away, legend
FP Markets Deposit and Withdrawal
FP Markets helps money managers plan profit and loss goals on a per-account basis. Traders can withdraw or deposit funds in and out of MAM/PAMM accounts without disrupting trading activity.
The terms and conditions covering methods of deposits and withdrawals to and from accounts can be amended without notice, but include:
| ➡️️ Deposit and withdrawal fees as per schedule |
| ➡️️ Visa and MasterCard are accepted |
| ➡️️ The process time is at the discretion of FP Markets |
| ➡️️ The client must ensure adequate funds in their trading account at all times |
| ➡️️ Daily limits on deposits for some methods of transfer in order to comply with AML policies |
| ➡️️ Deposits made by credit or debit cards will be refunded to the card and profits transferred to a bank account in the same name as the trading account |
| ➡️️ Withdrawals can only be made back to a bank account in the same name as the clients FP Markets trading account |
| ➡️️ FP Markets may use any appropriate method at its own discretion to process withdrawals. |
| ➡️️ There is no cooling-off arrangement for our CFDs. |
FP Markets Trading Platforms
FP Markets has the technology to ensure up-to-date platforms and market integration systems for clients.
There are different platforms to choose from MT4 and MT5 platforms, IRESS platform, WebTrader platform, Traders Edge Tools, Affiliate portal, IB portal, MAM/PAMM accounts, and Advanced Client portal.
MetaTrader4
The Metatrader 4 (MT4) platform offers a customizable interface, one-click trading, MarketWatch, live price streaming on live and demo, and accounts128-bit encryption for secure trading, multiple charts and is compatible with iOS, Android, and Mac devices.
MT4 and MT5 Online Webtrader offer ease of trading, a complete suite of trading tools and operations, one-click trading, multiple order types and execution modes, real-time price quotes, data synchronization, and 24/5 online support in multiple languages.
Iress ViewPoint
The Iress ViewPoint has advanced functionalities to improve the trading experience with enhanced trading tools and better compatibility with different internet browsers.
Iress Suite is compatible with the latest browser versions and allows an automatic data sync between Iress Trader and Iress ViewPoint.
FP Markets vs AvaTrade vs FBS – Comparison Table
| 🥇 FP Markets | 🥇 AvaTrade | 🥇 FBS | ||
| 🗺️ Regulatation | CySEC, ASIC | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch |
IFCS | |
| 💰 Minimum Deposit | $100/R1 600 ZAR,$100/R1 600,$1,000 AUD/R16 000,$25,000 AUD/R400 000 | $100/R1 600 ZAR | $1/ ZAR R16 | |
| 🚀 Welcome Bonus | No | Open a trading account in 1 minute and receive up to $ 10.000 Bonus |
$140 | |
| ☪️ Islamic Account | Yes | Yes, available | Yes, available | |
| 📊 Leverage | 500:1 | 400:1 | 1:3000 | |
| 💰 Withdrawal fee | Low | Zero | yes | |
| 💰 Spreads | From 1.0 pips,From 0.0 pips | 0,9 pips | 3 pips | |
| 💳 Demo Trading Account | Yes | Yes | Yes | |
| 📒 Account Types | Standard,Raw,Platinum,Premier Accounts | Standard, Islamic, and demo account | Cent, Micro, Standard, Zero Spread, ECN, and Crypto Account | |
| 📊 Comissions | depends on the account type | No Comissions | $80 dollar / R1280 ZAR per each lot traded |
How to open a FP Markets account
The FP Markets review is simple and easy.
Step 1 – Complete online application
The account opening process with FP Markets is simple and can be done online. A trader can practice first by opening a demo account with 50K in virtual money or open a live account to start trading within minutes.
Step 2 – Upload further information
Complete the further information form.
Step 3 – Verify your account
You will receive a email with a link to verify your account and once that is done you can start trading.
Steps include the provision of personal details and further information, account configuration and a declaration to start trading – all within and estimated three minutes to complete.
Best Countries by Traders
| 📍 Bahamas |
| 📍 Italy |
| 📍 Australia |
| 📍 United Kingdom |
| 📍 Spain |
FP Markets Customer Support
FP Markets provides 24/5 support via a live chat option, telephone.
FP Markets Education
FP Markets’ professional CFD traders have developed a series of eBooks with guidelines to teach traders how to map out market outcomes, construct trades and evaluate trades.
FP Markets provide its own education platform called FP Markets Academy.
The first, Spot Opportunities in Volatile Markets, helps to spot opportunities and identify trends when markets are volatile and difficult to predict.
Technical Analysis, the second in the series, provides a guide to some of the technical and charting tools used by the best traders to maximize returns and minimize errors.
The third, Fundamental Trading, provides a broad understanding of the interrelationship between the global economy and markets.
FP Markets also provides educational videos to show how to use the MetaTrader 4 platform and a trading course, trading glossary, as well as signing up for its newsletter.
FP Markets Research
FP Markets’ VPS hosting allows Forex traders to run automated algorithmic strategies without the concern of downtime or trading platform issues ruining their trades.
Benefits of FP Markets’ Forex VPS Service:
| ➡️️ Remote access – via standard Windows Remote Desktop Connection software, or its mobile platform. |
| ➡️️ Reduced power bills because off devices can be turned off when not in use and still have automated trading strategies executed accurately and on time. |
| ➡️️ Always On for state-of-the-art technology to ensure seamless trading experiences anytime, anywhere. |
| ➡️️ Lower Latency for data speeds to be faster than any home broadband. |
Traders Toolbox
The FP Markets MT4 Trader Toolbox is a suite of 12 online trading tools that proves robust trading infrastructure and valuable market insights to enhance the trading experience.
Forex Calculator
The FP Markets all-in-one FX calculator can calculate all the important parameters of trading such as the pip value, contract size, swap, margin and potential profit across a range of products.
FP Markets Awards
FP Markets gained the following awards: Best Global Forex Value Broker, Best Forex Broker Australia, Outstanding Value CFD Provider, Best Forex Partners Programme in Asia, Best Education Material, Most Satisfied Traders
FP Markets was awarded for the most traders by the ‘Investment Trends CFD Report’ for 5 years running. Its other awards were received for best trade execution, best customer service, and best value for money.
Conclusion
The FP Markets Money Manager Programme is preferred by thousands of professional fund managers because of its efficient service. As a multi-award-winning Australian forex broker, they offer over 70+ FX pairs in all the major currencies 24 hours a day, 5 days a week.
All major currency pairs include the US dollar (USD) as either the base or counter currency and majors include pairs like the GBP/USD, EUR/USD, and USD/JPY.
Their mission is to provide seamless forex trading experiences via the latest technology with the best charting tools for informed decision-making and a dedicated personal account manager for support.
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Disclaimer
FP Markets warns that traders should only risk capital they can afford to lose. Due to fluctuations in market value, one may not get back your initial investment amount or even incur a liability to pay a further amount to cover losses.
Trading in CFDs is only suitable for investors who fully understand the risks associated hence potential traders should ensure that they fully understand the risks involved and seek independent advice if necessary.
Traders should read and understand the risks associated with CFDs, usually contained in the Product Disclosure Statement.
Traders must stay aware that movements in the price of the CFDs underlying asset (e.g. equities (shares), options, indices, foreign exchange rates, futures, or commodity prices) are influenced by many unpredictable factors.
Movements in the price of the underlying asset may occur as a result of which traders may be unable to settle adverse trades.
Traders should read all available information regarding significant risks and carefully consider the company’s Terms and Conditions, according to research in South Africa.
Frequently Asked Questions
Is FP Markets a scam broker?
No, our review reveals that FP Markets has proven itself as a reliable broker who adheres to regulation as stipulated by ASIC in Australia as well as CySEC.
What is the overall rating for FP Markets out of 10?
The overall rating for FP Markets is 8.5/10.
Is FP Markets suitable for beginner and expert traders?
Yes, FP Markets offers a fair trading environment for beginner as well as expert traders.
How long does a FP Markets withdrawal take?
Withdrawals from FP Markets usually takes place within one business day.
Does FP Markets have a demo account?
Yes, a demo account is available for practice trading.
Featured SA Shares Writer and Forex Analyst.
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