FP Markets Review

FP Markets Review Overview

This FP Markets Review is about the forex broker named FP Markets based in Sydney-Australia. FP Markets distinguishes itself from its rivals by having a thorough knowledge of what traders require. The broker discovered that the essential elements that offer customers the confidence to trade are price, response time, cutting-edge platforms, product selection, customer service, and market analysis. The company strives to develop a top-notch Forex trading site where users can access a wide range of products on international marketplaces.

This FP Markets Review covers all aspects of this broker, even the cons. Instead of making recommendations, it will give a thorough overview of all the services and features offered by FP Markets. Let’s start with this in-depth review.

FP Markets Pros and Cons

FP Markets is a regulated forex broker, which makes it safe and removes the concern that is FP Markets legit. Saint Vincent and the Grenadines is where FP Markets LLC is registered. The renowned regulatory body ASIC regulates it in Australia, whereas the CySEC regulates FP Markets operations in Europe. Trading with FP Markets gives you access to a trustworthy, globally recognized broker.

FP Markets Quick Summary

Six reasons to select FP Markets include globally segregated, tighter spreads, faster execution, advanced platforms, 24/7 customer support in many languages, and 16+ years of experience. The broker offers more than 10,000 CFD products to customers, has low costs, and has raw spreads that start at 0.0 pips. It is a trustworthy broker due to its established track record and top-tier ASIC regulation.

$100 Minimum Deposit Amount

Performance driven technology and ultra low spreads. Trade Forex, CFDs, Indices, Metals, Commodities, Bonds & more...

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FP Markets Account Opening Process

At FP Markets, opening an account is fully digital, quick, and straightforward. A trader must complete a five-step procedure that includes providing personal information, additional information, account configuration, declaration, and starting to trade.

For FP Markets to accept your account, you must provide Proof of Identity (a colored copy of your passport, ID card, or driving license) and Proof of Address (a recent utility bill confirming your identity and the registered address). The verification of your papers by the onboarding team might take up to one business day, but the broker strives to open your account within an hour.

Deposits and Withdrawals Method

The FP Markets minimum deposit requirement is $100 USD or its equivalent for both Standard and Raw accounts. The broker offers a variety of deposit options, including Skrill, Neteller, bank transfers, and credit cards. Furthermore, there are no deposit fees with this broker.

The FP Markets withdrawal process is quick and easy. You must use the same procedure to withdraw the whole amount you initially put in. You can utilize a different withdrawal process after the withdrawal of initial investments. Additionally, FP Markets does not charge any fees for handling withdrawals made by bank wire.

FP Markets Trading Platforms

MetaTrader provides the FP Markets platform. It lacks price notifications and a two-step login process, but it is multilingual and customizable. Traders can use their software on windows and Mac, and mobile and tablet apps are also available. The FP Markets MT4 and FP Markets MT5 platforms provide free pricing that is always active and available without delays.

FP Markets Account Types

The FP Markets offer two trading platforms, MetaTrader and IRESS. They both have unique FP Markets account types and pricing structures. You may have two different account kinds with MetaTrader: Standard Account (greater spread, $0 commission) and Raw Account (lower spread, charges commission). There are three different account kinds available on the IRESS platform: Standard, Platinum, and Premier.

Islamic Trading Accounts and FP Markets demo accounts are additional FP Markets account options that improve trading for a diversity of traders.

Market and Instruments

You may trade CFDs in the following markets at FP Markets: Forex, Shares, Metals, Indices, Bonds, EFTs, Commodities, & Cryptocurrencies. The broker provides around 10,000 tradeable CFD products on several international financial marketplaces.

Leverage

FP Markets facilitates leveraged trading on more than 10,000 financial items on the world’s leading markets. It enables traders to profit from price fluctuations by capturing even the little opportunities. FP Markets leverage starts at 2:1 (twice the first investment), and high leverage levels can reach 500:1 (500 times the initial deposit).

Spreads

FP Markets assures to offer their traders minimal FP Markets spreads, starting as low as 0.0 pips. It is made possible by the broad liquidity mix and collaborations with top banks and non-banking financial institutions for deep liquidity.

Fees

FP Markets fees are reasonable, and the broker does not impose an inactivity fee (Except for the IRESS Trader platform) and has low FX and non-trading fees. Commissions might differ according to the type of account you select. Additionally, the broker does not demand withdrawal fees if you use a local bank transfer or credit card, but international withdrawals are subject to a cost of AUD 10.

Customer Support

Although FP Markets’ headquarters are in Australia, their multilingual, devoted customer service team is accessible 24/7. They accept calls, emails, and live chat as ways of communication. The more than 12 languages available are one of the best aspects of FP Markets’ customer support, and there is no requirement for translation services.

FP Markets Awards

FP Markets has received 40 international industry awards so far. The broker has won “Global Forex Value Broker” at the Global Forex Awards for three years (2019, 2020, and 2021). It also got the title “Best Forex Trading Experience in the EU” in 2021 and “No. 1 CFD Broker” in 2022.

Education

The trading website offers helpful educational resources like eBooks, Webinars, Podcasts, Events, Platform Video Tutorials, and Trading Course Videos. New traders may become familiar with the fundamentals of forex and learn how to use trading platforms correctly. For seasoned traders, it’s all about improving their techniques and learning about the trading methods used by other experts.

Bottom Line

We would state that the broker has been active in the industry for more than 16 years and has performed successfully as a conclusion to our FP Markets review. The broker is renowned among traders for its active trading algorithms. It allows for quick trade execution and makes it one of the top forex brokers.

It holds licenses from recognized regulators, making it one of the best-regulated forex brokers. Finally, we hope you gained more knowledge about FP Markets with this review.

$100 Minimum Deposit Amount

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