FP Markets Review 2019 | Is FP Markets a Scam or Legit Forex Broker?

Read our FP Markets review to find out if FP Markets is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
60% Complete (danger)
3.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features FP MARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review FP Markets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FP Markets offers Online Financial Trading and Investment Services Such as IRESS DMA Equities 10,000+.

Tradable Products: FP Markets provides access to over 10,000 trading instruments most of which are equity CFDs obtainable across different global exchanges.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FP Markets is ECN, STP.

Features: Alpari International offers additional trading options such as Alpari Copy Trading.

Executing Trades:

FP Markets allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As FP Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FP Markets recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FP Markets is regulated by ASIC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: FP Markets compliance with ASIC regulatory requirements ensures that investors are adequately protected.

Account currencies: Next lets consider the Account currencies each broker offers. FP Markets offers USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD different account currencies for each account types.

Account Openning: The account opening at FP Markets is user-friendly and fully digital. It is also very fast, it took only 1 day until our account was approved. However, you need to have at least $1,000 account balance for CFD and stock account types.

FP Markets offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. FP Markets offers English, Spanish, Italian, Portuguese, German, Fre.

Payment methods: Next lets have a look at each broker's payment options. FP Markets offers Bank Wire Transfer, Credit/Debit Cards, Debit Card, Skrill, Netell different payment methods for each account types.

Deposit and withdrawal: FP Markets offers a great variety of deposit and withdrawal options. From credit card through bank transfer, till electronic wallets almost everything as available. The main disadvantage is that FP Markets charges the withdrawals, except credit card and domestic bank transfers.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FP Markets makes MT4, MT5, WebTrader and IRESS available to clients.

Web & Desktop Trading Platforms: FP Markets web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.
Mobile Trading Platforms: FP Markets has a great mobile trading platform, offered by MetaTrader. It is well designed and user-friendly. On the flip side, it lacks the two-step login.

Other

Trader Education
FP Markets has a well-organized online training resource centre with a trading course, ebooks and 97 video lessons for all levels of trader.

Promotions
Several bonuses are available at FP Markets including 10% credit bonus and a refer a friend bonus.

Support
You can contact FP markets in many ways, including telephone, live chat, and e-mail. It's also a great customer supports more local languages. However, both telephone support and live chat can be improved, and there is no 24/7 availability.

Recup
FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and doesn't charge an inactivity fee. The account opening is fast and easy. Many educational tools offered and they have high-quality as well. On the negative side, the stock CFD fees are high, the product portfolio covers only CFD, forex, crypto, and stocks from ASX. It does not provide any investor and negative balance protection.

Final Thoughts
FP Markets offers very low forex fees. The account opening is exceptionally easy and fast. From demo account to Ebooks you will find many high-quality educational tools. The stock CFD fees are quite high. The product portfolio is limited, only CFD, forex, crypto, and stocks on the ASX are offered. With FP Markets you will not have any investor and negative balance protection.

Trading Experience
Relevant awards showcase the positive trading experience of clients of FP Markets.

People Also Asked

Is FP Markets regulated?
Yes, FP Markets is regulated by top-tier regulators, ASIC inclusive.
Where is FP Markets based?
FP Markets is based in Sydney
How does FP Markets make money?
FP Markets charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in FP Markets account?
With FP Markets you can deposit money via the following means; Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney.
How do I withdrawal in FP Markets account?
FP Markets lets you request a withdrawal of funds from your account via the following means; Credit Card, FasaPay, Neteller, PayPal, Skrill, Wi.
What is the minimum deposit for FP Markets?
FP Markets has $100 minimum deposit.
What are the available account base currencies with FP Markets?
FP Markets trading accounts are offered in USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FP Markets?
FP Markets has a maximum leverage is 1:500 for professional traders.
How do I open an account with FP Markets?
Opening an account with FP Markets is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does FP Markets use MetaTrader?
FP Markets platforms: Yes, FP Markets use MetaTrader as well as the following platforms: MT4, MT5, WebTrader and IRESS
What type of broker is FP Markets?
FP Markets appears to be a ECN, STP broker which offers market access to a variety of traders.
Does FP Markets accept US clients?
No
Does FP Markets offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with FP Markets: You can trade a wide variety of instruments with FP Markets: IRESS DMA Equities 10,000+

Are you Satisfied with what They Offer?