FP Markets

Payouts:

Min Deposit: $100

FP Markets

• Online Since 2005
• Spread as low as 0 pips
• Leverage up to 500:1
• 5 Digit (5 Decimal Pricing)
• MetaTrader 4, MetaTrader 5, Web-based Platform
• Regulation: ASIC, CySEC, FSCA, FSA, FSC
• Scalping, Hedging, EA Robot, News Trading allowed
• Payment options : Credit/debit card, Paypal, Neteller, Skrill, BinancePay, Cryptocurrency: BTC, ETH, LTC, USDT, Poli Pay, online banking and bank wire transfer

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Details

Broker	FP Markets
Website URL	https://www.fpmarkets.com
Founded	2005
Headquarters	Sydney, Australia
Support Types	Chat , Email , Telephone
Trading Platform	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
Minimum 1st Deposit	$100
Leverage	500:1
Spread	Starting 0 Pips
Free Demo Account
Regulated
Regulation	ASIC, CySEC, FSCA, FSA, FSC
Deposit Methods	Credit/debit card , Paypal , Neteller , Skrill , BinancePay , Cryptocurrency: BTC, ETH, LTC, USDT , Poli Pay , online banking , bank wire transfer
Withdrawal Methods	Credit/debit card , Paypal , Neteller , Skrill , BinancePay , Cryptocurrency: BTC, ETH, LTC, USDT , Poli Pay , online banking , bank wire transfer
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	9.65

Why Must Trade in FP Markets Broker ?

• Online Since: 2005
• Spread : Starting 0.1 pips (Raw Account + $6.00 commissions for $7.00 per lot), 1.1 pips (Standard Account)
• Leverage Up to 1:500 (Asian Clients)
• 5 Digit (5 Decimal Pricing)
• Platform : MetaTrader 4, MetaTrader 5, Web-based
• Regulation: ASIC, CySEC, FSCA, FSA, FSC
• Scalping, Hedging, EA Robot, News Trading allowed
• Payment options : Credit/debit card, Paypal, Neteller, Skrill, BinancePay, Cryptocurrency: BTC, ETH, LTC, USDT, Poli Pay, online banking and bank wire transfer

FPMarkets Forex and CFDs Trading Broker Review

FP Markets is an Australian forex and CFD brokerage that was founded in 2005. It provides online trading access across forex, indices, commodities, cryptocurrencies, and stocks through multiple trading platforms.

With nearly two decades of market experience, FP Markets caters to both retail and institutional clients globally. But is FP Markets a trusted choice for online forex and CFD trading?

In this detailed review, we will evaluate key aspects of their offering to determine if FP Markets is a recommended broker for different types of traders.

Overview of FP Markets

• Headquarters based in Sydney, Australia, and regulated by the Australian Securities and Investments Commission (ASIC).
• Operates globally with clients across Europe, Asia, the Middle East, Africa, and Latin America.
• Regulated by ASIC Australia, CySEC Cyprus, Financial Services Authority (FSA) in Seychelles, FSCA in South Africa, FSC in Mauritius
• Offers Forex trading on over 60 currency pairs as well as CFDs, metals, indices, commodities, shares, and cryptocurrencies.
• Uses an ECN (electronic communications network) market structure with tight spreads and fast execution speeds.
• Provides the MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes.
• for International clients, FP Markets is one of Forex brokers accepting USDT or Cryptocurrency deposits or withdrawals

Regulation and Trustworthiness

FP Markets holds an Australian Financial Services License (AFSL) issued by ASIC which helps establish its regulatory oversight and trustworthiness.

Australia has stringent licensing requirements and ASIC closely monitors licensed brokers to ensure compliance with capital requirements, segregation of client funds, transparency, and trading practices.

FP Markets must comply with these strict standards enforced by ASIC, which provides traders important protections when depositing funds and trading.

The company has also been operating since 2005 without any major regulatory infractions or user complaints regarding ethics or security. This long-term track record further reinforces its reputation as a well-regulated and trustworthy broker.

Range of Traded Markets

FP Markets provides trading access to the following markets:

Forex – Over 60 currency pairs including majors, minors, and exotics with a maximum leverage of up to 1:500. Spreads are ultra-tight from just 0.0 pips by using raw ECN pricing.

Indices – Trade major global stock indices such as S&P 500, FTSE 100, Nikkei 225, ASX 200 with leverage up to 1:500.

Commodities – Access CFDs on commodities including gold, silver, oil, and natural gas. FP Markets is one of XAUUSD lowest spread brokers.

Cryptocurrencies – Trade major cryptocurrency CFDs including Bitcoin, Ethereum, Litecoin, and Ripple.

Equities – CFDs on leading Australian and international company shares like Afterpay, Apple, and Tesla.

This diverse product range caters to different trading strategies across forex, commodities, indices, shares, and cryptocurrencies.

Trading Platforms Offered

FP Markets offers two powerful trading platforms developed by MetaQuotes:

MetaTrader 4 (MT4)

MT4 is the industry-leading retail platform for forex and CFD trading. Used by millions globally, MT4 provides:

• Advanced charting with technical indicators, drawing tools, and price overlays
• Extensive backtesting capabilities to develop EAs/trading robots
• Wide range of order types including pending, stop loss, take profit, and more
• Access to Expert Advisors (EAs) and MT4 add-ons via the MQL marketplace
• Available across desktop, web, and mobile versions

MetaTrader 5 (MT5)

As the next-gen upgrade, MetaTrader 5 offers:

• Additional technical indicators, objects and timeframes compared to MT4
• More order types and execution types
• Built-in economic calendar and market depth information
• Algorithmic trading via the MQL5 Wizard
• Share CFDs and cryptocurrency trading capabilities

Having both the MT4 and MT5 platforms is advantageous for traders progressing from MT4 to MT5’s enhanced capabilities.

Account Types

FP Markets provides the following account types:

Standard Account

The Standard account has spreads from just 1 pip and a minimum deposit of $100. It offers full access to all trading instruments. This account is well-suited to beginner traders.

ECN Account

The ECN account provides direct market access with ultra tight spreads from 0.0 pips by passing raw spreads from liquidity providers. A $200 minimum deposit is required. Advanced traders can benefit from ECN spreads.

ECN Raw Account

This account offers pure ECN spreads with zero markups starting from 0.0 pips. Traders have more control over costs but need to pay a small commission per trade. The minimum deposit is $500. Ideal for high volume and institutional traders.

Islamic Account

FP Markets offers Islamic accounts that comply with Sharia law and avoid any swap fees or interest charges. Minimum deposit is $100. Caters to Islamic traders.

Having this range of accounts allows traders to select the optimal type based on deposit amount, spreads commissions etc.

Fees and Spreads

FP Markets offers competitive spreads and fees:

• Forex spreads from 0.0 pips on the Raw ECN account
• Average forex spreads on Standard account from 1 pip
• CFD indices – 0.4 pips average spread
• Metals from 0.9 pips average spread
• No commissions are charged on Standard and ECN accounts
• ECN Raw Account has a small commission of $3.50 per 100k traded
• Swap rates for holding positions overnight: -4.162% to 1.954%
• No deposit or withdrawal fees

These tight spreads coupled with low commissions provide good value, especially for high-volume traders who can access raw ECN spreads.

Funding and Withdrawals

FP Markets offers the following funding options:

• Credit/debit cards – Visa, Mastercard deposits. Up to 3.5% fees apply.
• Wire transfers – Fast bank transfers in supported currencies. $10-$30 fees typically apply.
• e-Wallets – Skrill, Neteller, PayPal, and UnionPay options available.
• Cryptocurrency – Bitcoin, Ethereum, USDT TRC-20, USDT ERC-20 and Litecoin deposits catering to crypto traders.

Withdrawals can be done through the same methods. Withdrawal processing is within 1 business day with bank wires being the fastest. No withdrawal fees are charged by FP Markets. Overall the funding options are competitive.

Mobile Apps

FP Markets offers custom mobile apps for Android and iOS devices that provide full trading capabilities on the go. The apps include:

• Real-time price data and news feeds
• All order types and account management functions
• Advanced charting with indicators and drawings
• Fingerprint login for fast, secure access
• Push notifications for price alerts

The convenience of mobile access allows traders to react to markets whether at home or travelling. The apps are free to download and easy to set up.

Customer Service

FP Markets provides customer support through the following channels:

• Live Chat – For instant answers to queries
• Phone – Toll-free local numbers available in 12 countries
• Email – Typically responds within 1 business day
• Help Center – Detailed answers for most common questions

Testing their customer service revealed quick response times via live chat and the email support was also prompt. The customer service team was knowledgeable regarding account setup, platform questions and trading-related queries.

Pros and Cons

Based on this analysis, here are the key advantages and disadvantages of using FP Markets:

Pros

• Australian regulated ensuring oversight and compliance
• Tight ECN spreads from 0.0 pips plus low commissions
• Choice of Standard, ECN and ECN Raw, Islamic account types
• Leading MetaTrader 4 and MetaTrader 5 platforms supported
• Advanced apps for Android and iOS mobile trading
• Fast withdrawals with no withdrawal fees

Cons

• Some withdrawal Options may add on processing fee

Conclusion

FP Markets is clearly a reputable online brokerage thanks to its long operational history and strong regulation by ASIC in Australia, FSCA in South Africa, CySEC for Europe Clients. For Australian clients and international traders seeking a well-regulated destination, FP Markets represents a solid choice.

The ECN spread model provides good value while supporting MetaTrader 4 and MetaTrader 5 ensuring traders have access to leading platforms. The range of accounts, tight spreads, and fast withdrawals further enhance their offering.

While telephone support hours are limited, their customer service is generally responsive and knowledgeable. Overall, FP Markets delivers a professional trading experience ideal for beginners and experienced traders alike.