With FP Markets Broker in the house, you have got the tendency to roll with more than 13 thousand trading tools. For investors, it's a safe environment to invest and get their desired results without any obstacles coming their way. Read the complete FP Markets Review now.
Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
Regulated by ASIC, AFS, CySEC , SVGFSA
FP Markets, preliminary based in Australia is one of the most reliable and secure brokerage companies in the online trading sphere. This widely-known brokerage was fabricated back in 2005 and situated in Sydney.
FP is regulated with two of the tightest regulatory bodies including the ASIC (Australian Securities and Investments Commission) along with the CySEC (Cyprus Securities and Exchange Commission.)
In addition, FP is also known for its awards along with for providing an ultra-wide range of trading accessories (over 13,000) including forex, CFD, Commodities, Indices, Cryptocurrencies, etc.
Now, let's take a closer look at their internal and external trading aspects and here we go:
Bank Wire, VISA, MasterCard, BPAY, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, Poli, Skrill, Transfer from Existing Broker, UnionPay
VISA, MasterCard, FasaPay, Neteller, Ngan Luong, PayPal, PayTrust88, Skrill
FP is known for providing a lot of diverse trading accounts and that too at a simultaneous rate. To be specific, the trading accounts rendered by FP is put into 3 different categories including,
Therefore, choose one wisely!
Note: You're eligible to choose between Raw or ECN trading accounts in the trading platform sections.
Moving on, the General or the Raw trading accounts are mainly BEST-suited for the amateur traders and where the minimum deposit is only 100$ or equivalent to that amount. Besides, the maximum leverage is 1:500 and as per the commissions, it's without cost in the standard accounts but 3$ is charged in the Raw trading accounts.
Then the IRESS accounts are divided into platinum and the premier trading accounts and which were solely made keeping in mind the professional traders. Besides, the minimum deposit for the platinum account is 25,000$ and as of the premier account, it is 50,000$.
Besides, the minimum amount of commission is 10$ per lot with an additional cost of 0.1% of the standard accounts. In the same way, for the platinum accounts, the min amount is 9$ with an additional cost of 0.09%. The margin requirements for CFD and Equity start from 3$ for all three of the trading accounts.
Lastly, we just wanted to point out that the spreads of FP can often get quite low and to be approx it can get as low as 0.1 pips and which depends on liquidity.
Note: For all Muslims across the globe, FP Markets also provide Islamic swap-free options along with the availability of MAM and PAMM accounts.
FP Markets believes in diversity and therefore they are currently providing variable trading accounts to their clients. The trading accounts are divided into three specific segments and which simply goes like this:
Go ahead and choose your GO-TO one!
Note: FP Markets will grant you access to choose between the General and the ECN trading accounts from the trading platforms sections.
Too much hassle-free, wouldn't you agree?
So, just to make sure the general account types are specially formed keeping in mind the beginner traders and the minimum deposit amount for the general account is 100$ or equivalent.
Besides that, the maximum leverage is 1:500 and the commission per withdrawal is only 3$( only for the Raw accounts ).
After the general trading accounts, the IRESS, and the Share trading accounts provided by FP Markets comes to light.
Then the IRESS accounts are split into platinum and the premier trading accounts and which were individually made keeping in mind the professional traders. And as for the minimum deposit, the mathematical amount is 25,000$ and 50,000$ for the premier trading accounts.
Moreover, the minimum amount of commission is 10$ per lot with an additional cost of 0.1% of the standard accounts. As well as for the platinum accounts, the min amount is 9$ with an additional cost of 0.09%.
Moving on, If you're wondering about the margin requirements for CFD and Equity then you should know that it starts from 3$ for all three of the trading accounts.
Last but not least, as of the spreads of FP, well you should know that it can get as low as 0.1 pips and which obviously depends on liquidity.
Note: For all Muslims across the globe, FP Markets also provide Islamic swap-free options along with the availability of MAM and PAMM accounts.
All hands on deck, FP Market is probably one of the most secure brokerage companies that are currently working on a global basis. The Australian high-end brokerage First Prudential Markets is regulated by:
Hold your thoughts, there's more incoming!
FP is audited by BDO Australia which is an external Australian independent auditor and the client funds are also HEAVILY isolated through the AAA-rated banks. For example, you can assume the National Australia Bank or Commonwealth Bank of Australia.
"With the help of the latest and innovative trading tools, trading is supposed to be easy". At least that's what FP believes and they've tried their heart and soul to execute it.
Trading platforms are considered to be the backbone that defines a brokerage and at which height it is at. Therefore, without providing the BEST and latest trading platforms a broker can't make a name for themselves.
Keeping that in mind, FP one of the most renowned brokerages of the current time is providing all the latest trading platforms and which were made from cutting-edge technology.
Here are the trading platforms, at a glance:
MetaTrader 4 ( Both desktop and mobile )
The MT4 is considered to be the most efficient and stable trading platform of all time besides it has its own trader's fanbase. As the platforms offer 50+ indicators, 9 timeframes, EA access, and more!
Here are the key specifications of MT4:
Source: TopAsiaFX.com
MetaTrader 5 ( Both desktop and mobile )
Well, as per MT5 it is probably the most innovative and smart trading platform and it is often referred to as the IDEAL successor of the classic MT4 trading platform.
The platform offers several features like one-click trading, 80+ pre-installed indicators, 21 timeframes, and many more!
Here are the key specifications of MT5:
Source: TopAsiaFX.com
Web Trader
After the all-powerful MT4 and MT5 which require quite hassle on installation, comes the web trading platforms. In a web trading platform, there's no need for you to install anything. On the other hand, all you need is a stable internet connection and you're good to GO!
Quite a trading platform, right?
IRESS platforms
The IRESS trading platforms are also an innovative solution for both traders and investors across the globe. Moving on, it is categorized into 3 sectors ( IRESS Viewpoint, IRESS Trader, and IRESS Investor ).
It operates more like a DMA ( Direct Market Execution ) execution.
Among the three platforms, the IRESS Viewpoint is the updated one compared to the other two platforms. The platforms offer technical indicators along with momentum, trend, and volatility indicators(MACD, RSI, and BB).
FP Markets is also providing a modern and innovative mobile trading experience for online market traders. The mobile trading platform contains MT4, MT5, and IRESS trading platforms, and that too for android and ios.
The interface is quite similar to the web versions of the trading platforms but it is even more optimized for a seeming trading experience.
Another major fact that the mobile trading platform contains is the availability of multiple languages across the world.
Including,
Source: brokerchooser.com
And......Hats off for that!
FP Markets is one of the most regulated brokerages in the online trading sphere and despite that fact, they are not currently providing any trading bonuses.
It’s no doubt that trading bonuses are a GREAT way to attract new traders, they’re still not providing any bonuses.
So, if you're looking for bonuses from FP Markets, sorry to disappoint you but you won't be getting any.
FP Markets has made its deposit and withdrawal process pretty easier compared to its other competitors. You'll be getting a lot of transaction methods to choose from while making a deposit. Which includes Debit-credit cards, BPay, Neteller, PayPal, Skrill, PayTrust, FasaPay, Ngan Luong, Broker to Broker, and much more!
Note: While depositing, FP Markets requires a minimum amount of 50$ to a maximum amount of over 10,000$ for the globally made deposits.
And, as for withdrawals, you can withdraw your capital from FP within a day or sometimes it requires more than 1 day.
Moving on, FP charges fees on withdrawal such as 10$ for bank wire, $18 for Online Pay, 1,000 VND + 1% for Ngan Luong, 2% on both Netteler and PayPal, 0.5% on FasaPay, 1.5% on PayTrust. Besides, the card payments are free.
It is the customer support that is considered as one of the most crucial features that put a broker ahead in the race to attain more fame. And, FP also has worked its way through with 24/7 available customer support.
It gets even better!
FP's customer support also ensures a multi-language service. Therefore, you'll be getting English, Arabic, German, Greek, Indonesian, Malaysian, Portuguese, Russian, French, Spanish, Italian, Vietnamese, and Thai.
You can contact them 24/7 via:
Thinking about all the traders, FP has put together several education resources in one particular place so that the traders can learn every required factor about the Foreign exchange market.
They are providing:
Besides, if you're unable to find those then go to the 'Resources' toolbar's 'Education' and you'll see everything is listed there.
FPMarkets do not charge any deposit fees, with the exception of international bank transfers. You can see all the fees here: https://www.fpmarkets.com/int/funding/deposit-funds/
MT5 is the successor of the MT4 platform and has far superior functions and technology to MT4. Although MT4 is more popular at the moment (due to the length of time available on the market), eventually MT5 will completely replace it.
The minimum deposit to open an account from FPMarkets is AUD100 or equivalent for all types of MT4 and MT5 accounts.
Yes, all pricing on the MT4 and MT5 platforms is live with no delays.
Please login to your Client Area, on the left side of the screen click on “Funding”, choose “Deposit”, select the trading account to which you wish to deposit, and click “Submit”.
The main reason why CFD trading is not available to US traders is that it is against US securities law. Over-the-counter financial instruments, such as CFDs, are heavily regulated through legislation like the Dodd-Frank Act and enforced by the SEC (Securities and Exchange Commission).
FPMarkets offers a number of assets to trade with, including:
FPMarkets was founded in 2005 and it is an Australian CFD and forex broker. It's regulated by the Australian ASIC and the Cypriot CySEC. FPMarkets is considered safe because it has a long track record and is regulated by the top-tier ASIC.
