- Tight Raw Spreads from 0.0 pips
- MT4, MT5, cTrader, TradingView Platforms
- 24/7 Multilingual Customer Support
- 50+ Global Industry Awards
- Social Trading
- Industry Leading Partnerships
- $100 Minimum Deposit
- Limited Educational Resources
- Few Advanced Tools
Trust and Safety
Regulation: FP Markets takes a commendable stance on regulation, with multiple licenses from prominent financial authorities across the globe. These regulatory bodies serve as guardians of financial market integrity and provide investors with a sense of security. FP Markets’ multi-jurisdictional regulation places it among the most rigorously supervised brokers in the industry. This diverse regulatory framework ensures compliance with stringent standards in various regions.
Fraud Prevention: FP Markets employs robust measures to prevent fraud and safeguard its clients. These include advanced encryption protocols, secure payment gateways, and continuous monitoring of suspicious activities. The broker’s commitment to regulatory compliance further bolsters its fraud prevention efforts.
Client’s Fund Security: Client funds are held in segregated accounts with top-tier banks, offering an additional layer of security. In the unlikely event of financial distress, these segregated accounts ensure that clients’ funds remain protected.
|
Regulatory Body |
Status |
|
ASIC |
Yes |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
Yes |
|
FSCA |
Yes |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
Tradable Instruments
FP Markets presents traders with a wealth of trading opportunities through its extensive range of tradable instruments, ensuring that investors of all stripes can engage in the financial markets effectively. Here’s a breakdown of what this broker has to offer:
Traders can access over 70 different commodities, including precious metals like gold and silver, as well as energy resources such as oil and natural gas. In the forex market, they provide more than 70 currency pairs, including major, minor, and exotic options, enabling comprehensive forex trading.
Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more. The broker also facilitates diversified portfolios through Exchange-traded funds (ETFs) and offers the opportunity to speculate on global stock market indices like the S&P 500, FTSE 100, and a variety of others. Additionally, traders can invest in a wide range of global stocks, explore fixed-income securities with bonds, and employ sophisticated strategies with options trading. FP Markets’ comprehensive offerings cater to a variety of trading preferences and strategies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
Yes |
|
OPTIONS |
Yes |
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
Yes |
|
OPTIONS |
Yes |
Account Types
FP Markets recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals.
It provides a demo account, offering a risk-free environment for practice. For Muslim traders, Islamic accounts adhere to Shariah principles. Client funds are held in segregated accounts, ensuring security. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that FP Markets does not currently accept traders from the United States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
Yes |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
FP Markets stands out in the online brokerage landscape for its competitive fee structure, aligning with its commitment to providing value to traders. Here’s an overview of the commission and fees:
Account Minimum
FP Markets requires a minimum deposit, providing accessibility for traders at different levels.
Trading Fees
The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes.
CFD Fees
Traders engaging in Contract for Difference (CFD) trading will find FP Markets’ fees reasonable and competitive.
Forex Fees
Forex trading is cost-effective, with tight spreads benefiting traders.
Futures Fees
The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently.
Account Fee
FP Markets doesn’t charge an account fee, contributing to its appeal.
Inactivity Fee
While there’s no account inactivity fee, it’s essential to note that other fees might apply.
Deposit Fee
Deposits are generally free, enhancing accessibility for traders.
Withdrawal Fee
Withdrawal fees are transparent, ensuring traders know what to expect.
Overnight Funding Fee
FP Markets may charge overnight funding fees, which vary depending on the position held.
Currency Conversion Fee
Traders should be aware of currency conversion fees when trading assets in a different currency.
Guaranteed Stop Order Fee
The broker may charge fees for guaranteed stop orders, depending on the specific trade.
Inactivity Fee
FP Markets does not charge an inactivity fee, which benefits traders who may not trade frequently.
Overall, FP Markets offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges.
Trading Platforms
FP Markets caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices.
Mobile Trading Apps
FP Markets offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets.
Web Trading Apps
Traders can access FP Markets’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience.
Desktop Trading Apps
FP Markets caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
Yes |
|
PROPRIETARY |
No |
|
TRADINGVIEW |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Research and Education
FP Markets strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders.
Learning Center Overview: FP Markets offers a comprehensive Learning Center designed to educate traders of all levels. It covers essential topics, including trading strategies, technical and fundamental analysis, risk management, and more. While the Learning Center is well-structured, it could benefit from further organization to enhance user experience.
Educational Content Comparison: Compared to industry leaders, FP Markets’ educational content holds its ground. It provides valuable resources, but there’s room for expansion. The inclusion of advanced topics and interactive elements would elevate its standing in the industry.
Progress in Education: FP Markets has made commendable progress in its educational offerings, continuously updating and adding new content. Recent efforts include webinars, which add interactivity and real-time learning opportunities. However, it should continue this momentum to meet the evolving needs of traders.
Content Sources: The broker sources content from industry experts, ensuring credibility and relevance. Expanding partnerships with renowned educators could further enrich the educational resources.
Areas for Improvement: FP Markets could enhance its educational materials by diversifying content formats, such as quizzes, case studies, and interactive tools. Additionally, offering more advanced and niche topics would cater to a broader audience.
Video Focus: FP Markets has started to focus on video content, an effective medium for engaging learners. Further investment in video resources could greatly benefit traders seeking more interactive and visual learning experiences.
Customer Support
FP Markets provides comprehensive customer support services that cater to traders worldwide.
During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance. Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, FP Markets maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently.
Deposit and Withdrawals
FP Markets offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience.
Deposits: Traders can fund their FP Markets accounts through various methods, including credit/debit cards, bank wire transfers, and e-wallets. FP Markets does not charge any deposit fees, although traders should be aware that third-party payment providers may impose their own charges. The minimum deposit requirement is set at a competitive level, allowing accessibility for traders with different investment capacities.
Withdrawals: Similar to deposits, withdrawals at FP Markets can be executed through the same payment methods, ensuring a seamless experience for traders. The broker typically processes withdrawal requests within a reasonable timeframe, ensuring that traders have access to their funds promptly. FP Markets does not levy any fees on withdrawals, although charges may apply depending on the policies of the selected payment provider.
