Review:Regulation:Asset:Min. Deposit:Min. Spread:
5 out of 5 stars (5 / 5)ASIC5 classes, 10.000 markets$100 (AUD or equivalent)Variable 0.0 pips

FP Markets Logo

Reputation and credibility in trading vary in the products and services offered and executed by an online broker. FP Markets claims to be one of the most reputable Forex Brokers in the trading industry. How serious is “FP Markets” in supporting and serving its clients? Does this broker really give the most suitable trading products among global markets? Should we give our trust to this broker? Let’s find out together in this review.

FP Markets Official Webpage

FP Markets Official Webpage

Regulation and security of customer funds
Professional Customer Support
Good Trading Conditions

What is “FP Markets”? – The company presented

“FP Markets” is a trusted global CFD and Forex broker founded in 2005. The company’s vision was to create the superior forex trading destination where traders could access a full suite of trading products in the global markets. It offers the ability to trade CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies. This broker offers its clients the convenience to be able to trade all these assets from a single account. This is one of the key reasons traders choose FP Markets.

“FP Markets” believe that by focusing on the key ingredients in getting successful trades, gives its clients the confidence to choose them as a broker. The company gives special attention to its traders’ needs and has learned that the combination of pricing, execution speed, cutting-edge platforms, product range, customer support, and market analysis can not only gain the trust of its clients, but also a certainty. As “FP Markets” is an Australian licensed forex broker, its clients’ interests’ are the top priority. This is the broker’s firm commitment to excellence.

Facts about “FP Markets”:

  • Founded in 2005
  • Markets include CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies
  • Superior and global forex trading broker
  • Multi-awarded company
  • Offers ECN/DMA execution for trades

(Risk warning: Your capital at risk)

Is “FP Markets” regulated? – Regulation and safety for customers

Regulation is one way to determine if a broker is legit. This is due to the fact that a broker is not able to operate legitimately without passing certain criteria to attain this license. This regulation also serves as your protection from scammers. You must first know if the broker is regulated and what the regulator has given its license for the safety of your investments. FP Markets is regulated and authorized by Australia’s corporate regulator and financial watchdog. This regulator is the Australian Securities and Investment Commission (ASIC).

FP Markets is regulated by ASIC

FP Markets is regulated by ASIC

“FP Markets” is regulated by the following:

  • Australian Securities and Investment Commission (ASIC)

Financial Security

The security of money and investment is the main concern of any trader. FP Markets claims to be a global award-winning regulated broker that traders can trust. The company complies with amongst the most stringent regulations for investor protection which is laid out by its regulator – ASIC. FP Markets commits to adhere to strict capital payout obligations and has a risk management program to ensure its clients’ safety. The firm ensures its clients that the funds are segregated. FP Markets keep the funds of its clients from the firm’s capital.

Some liquidity providers of FP Markets

Some liquidity providers of FP Markets

This is also protected by leading (top-tier) banks and this broker ensures the safety of its clients’ funds. FP Markets have partnered with top financial institutions, like HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity. These partners of FP Markets ensure the highest levels of interbank liquidity for its clients. Also, the financial accounts are audited by external audit firms, to ensure constant compliance with regulations across operations of the company.

Summary of regulations and financial security:

  • Regulated and authorized broker
  • Segregated clients funds
  • Top-tier liquidity
  • Transparent to its traders
  • Corporate Governance
  • Reliable global broker
  • Implements risk-management

Review of trading conditions for traders

FP Markets offers its clients the advantage to trade CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. This broker promotes fast execution, convenience, and customer satisfaction. We recommend this broker due to its performance.

FP Markets have proven its excellency through its products and services. In fact, the firm has won several awards and this includes the title of being the ‘Best Value Global Forex Broker’. Also, FP Markest has won 6 awards as the ‘Number One Most Satisfied Traders’, four of the title as ‘Number One Best Trade Execution’, and twice as ‘Number One Best Education Material’. The company claims to be dedicated to serving its customers and valuing not only customer trust but as well as customer satisfaction.

FP Markets Awards

FP Markets Awards

You will be able to select what kind of account type you want to use with this broker. There are 5 classes of assets that you can choose from to trade namely: Forex, metals, commodities, indices, and cryptocurrencies. You can choose between the Standard account and Raw-account. There are no commission fees on the Standard-account, however, in the Raw-account, it depends on what asset you are trading on.

Please see the table below for detailed information:

Account:StandardRAW
Forex:Variable Spreads (starting 1.0 pips)Variable RAW Spreads (starting 0.0 pips + commission)
Metals:Variable Spreads (starting 0.16)Variable RAW Spreads (starting 0.0 + commission)
Commodities:Variable Spreads (starting 0.02)Variable Spreads (starting 0.02)
Indices:Variable Spreads (starting 0.2 pips)Variable Spreads (starting 0.2)
Cryptocurrencies:Variable SpreadsVariable Spreads

For the security of funds, FP Markets assures its clients by segregating the funds from the company’s funds. Also, it is protected by leading (top-tier) banks and ensures multi-asset liquidity. The company offers ultra-low spreads from 0.0 pips and up to 500:1 leverage. Free funding at no cost and the customer support is ready to assist 24/5. If you are new to the trading industry, you can use a Demo Account first, which is also offered by this broker for free. For trading real funds, you can start right away by a minimum deposit of $100 (AUD or equivalent).

FP Markets conditions for traders

FP Markets conditions for traders

Facts about the conditions for traders:

  • Fast execution (ECN/DMA execution)
  • Competitive spreads (from 0.0 pips)
  • Award-winning global broker
  • The minimum deposit is $100 AUD (or equivalent)
  • Transparent trading experience
  • Competitive Platforms (MT4/MT5/IRESS)
  • Offers free Demo Account with virtual funds

(Risk warning: Your capital at risk)

Test of the “FP Markets” trading platforms

FP Markets gives options to its clients in choosing what platform to use. The company has partnered with well-known and best platforms in the trading industry. This includes MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, and iressTrader platform.

Trading platforms which are offered by FP Markets

Trading platforms which are offered by FP Markets

Trading platforms:

  • MetaTrader 4
  • MetaTrader 5
  • iressTrader

MetaTrader 4 Platform and MetaTrader 5 Platform

MetaTrader 4 (MT4) is known to be the world’s most popular trading platform. FP Markets has chosen this platform not only for its popularity, but as well as to its flexible trading conditions, ultra-tight spreads, and fast execution. MT4 features a customizable interface, that includes colors of technical indicators which makes it easier to read and analyze. Also, one-click trading for traders’ convenience, MarketWatch, and live price streaming on Live and Demo and accounts. For secure trading, data are encrypted, the platform has Expert Advisors (EAs), and customizable alerts. You would also be able to have access to the MetaTrader market and MQL4 community. It has multiple chart ability and is compatible with iOS, Android, and Mac devices.

FP Markets MetaTrader for any device

FP Markets MetaTrader for any device

On the other hand, MetaTrader 5 (MT5) promotes superior trading. This platform is known to be one of the most technologically advanced trading platforms. The FP Markets MT5 offers modern traders access to a world of opportunity. It features a depth of market display, has 6 pending order types (including Buy Stop Limit and Sell Stop Limit), improved strategy tester for EAs, and has a built-in market of trading apps. It has Time & Sales (exchange data) and trading alerts with e-mail and push-notifications on mobile devices. Also, hedging and exchange trading are allowed on this platform. You can also transfer funds between accounts using MT5.

FP Markets Desktop Trading Platform

FP Markets Desktop Trading Platform

MetaTrader WebTrader Platform – MT4 & MT5

The MetaTrader (MT4 & MT5) WebTrader of FP Markets allows traders to trade in any device from any browser as long as connected to the internet. It features a complete suite of trading tools and operations. It requires no download which eases your trading experience. It has a one-click trading feature, has “depth of market” feature, multiple order types and execution modes. Also, it displays real-time price quotes and has data synchronization across all platforms. The online support operates 24 hours a day, 5 days a week. Plus, the customer support has multiple language selection.

FP Markets MetaTrader WebTrader Platform

FP Markets MetaTrader WebTrader Platform

iressTrader Platform

To elevate the trading experience, FP Markets provides its traders the iressTrader Platform (IRESS). It is a new and improved active comprehensive trader platform with advanced functions. It features automatic data sync between Iress Trader and Iress ViewPoint and compatible with the latest browser versions. It has module linking, intuitive interface, improved browser alerts, and can manage multiple portfolios. Also, it highlights real-time price streaming and gives you access to genuine exchange pricing and market depth. Plus, IRESS has enhanced trading tools and better compatibility with a wide range of internet browsers.

FP Markets iressTrader platform

FP Markets iressTrader platform

This platform is for professional traders and has 59 technical indicators. IRESS requires a minimum deposit of $ 1,000 AUD or equivalent.  With this platform, you can access over 10,000 financial instruments. It has auto-open & close positions, advanced tools, and advanced functionality.

Mobile Trading (App) is possible with FP Markets

FP Markets Mobile Trading platform

MetaTrader 4 (MT4), MetaTrader 5 (MT5), and iressTrader (IRESS) platform are available in mobile. Mobile trading enables traders to trade anywhere they are and anytime they want when connected to the internet. This is one of the significant product in trading industry traders seeks not just for the convenience, but also to be ankle to track their trades without any hustle. This Mobile Trading App is available in all kinds of platforms FP Markets is offering. This is free to download in GooglePlay for Android and in AppStore for iOS.

This mobile app embodies the same features and functionality of each platform it has live dynamic pricing, access to real-time financial news, you can track portfolio and holdings. Also, it has advanced order management and enhanced charting. It has a host of technical indicators, multiple timeframes, has display currency market depth, multiple pending orders types including Buy Stop Limit and Sell Stop Limit. Plus it has a multi-chart display, multiple inbuilt indicators, and graphical objects. It is easy and fast to download. FP Markets Mobile App has a user-friendly interface that features trade levels with volumes on a chart and real-time quotes 24/5. You can customize your forex trading layouts and it highlights one-click trading on the palm of your hand.

Features of FP Markets Mobile Trading App:

  • Available in all FP Markets Platforms (MT4, MT5, IRESS)
  • Convenient and user-friendly
  • Trade via your Android/iOS device
  • Real-time quotes 24/5
  • One-click trading feature
  • Customize your forex trading layouts
  • Interactive and advanced charts
  • The ability to view your full forex trading history
  • Offline modes are available with charts and symbol prices
  • Display currency Market-Depth
  • Multiple pending orders types including Buy Stop Limit and Sell Stop Limit
  • Multiple inbuilt indicators and graphical objects
  • Multiple timeframes and multi-chart Display
  • Hedging allowed (MT5)

Professional Charting and Analysis is possible

Two most important things you need to know before trading is charting and analysis. This is significant in getting successful trades due to the fact that charting enables you to read and understand how the market moves. The volatility of the markets lets you determine whether to buy or to sell. With the right use of technical analysis, together with the knowledge of charting, you will be able to have good trading results. Charting keeps you track of the historical prices in the markets. This makes total sense because Technical Analysis is a method of analyzing the markets and predicting the price movements. With the use of historical prices, you can determine or predict whether the price value will go up or downward.

Charting is possible with FP Markets

Charting is possible with FP Markets

FP Markets has a section on their website where you can read updated articles about Technical Analysis and Fundamental Analysis of the markets. The company puts effort into these articles to update its traders. This makes it easier for traders to know what’s going on in the market value. Both technical and fundamental analysis is very important in trading. However, both also have advantages and disadvantages. Fundamental analysis helps you understand the market’s movement (upward or downward). The good part is that when combined with technical analysis, this can lead you to long term trends which is a good edge on your part as a trader.

FP Markets has interactive and advanced charts. The company has well-developed technical indicators that you will find helpful in trading. There is a feature on the platforms of FP Markets where you can select colors in order for you to read and analyze easier the movements of the markets.

FP Markets support professional charting:

  • Indicators
  • Drawing tools
  • Fully customizable chart
  • Multi-charting
  • The broker offers training for technical analysis

FP Markets Trading Tutorial: How to trade

In trading, you need to make decisions and analyzations. In order to get good trading results, you must first know how trading works. With this said, you should know which market you want to analyze and trade on. Also, bear in mind that the movements of the markets are a big part one must know in order to have successful trades. It is easier to decide whether to buy and sell once you already understand the volatility of the markets. For example, if you think that the market value is going to fall, then choose to sell instead of buy. But, if you think that the price is going to increase in value, choose to buy instead of sell.

First, you need to select the asset you wish to analyze.  Next, analyze the asset and determine a forecast of the price movement. Then, open the order mask on the platform. After, customize your position and choose the order volume. Lastly, decide whether to buy or sell.

FP Markets Order Mask

Step by step tutorial:

  1. Select  the asset you wish to analyze
  2. Analyze the asset and determine a forecast of the price movement
  3. Open order mask in the platform
  4. Customize your position
  5. Choose the order volume
  6. Decide whether to buy or sell

Free FP Markets Demo Account

Before trading real money, we highly recommend getting a Demo Account first to unintentional trades. In trading, you have to be aware as a trader that there is a high risk of losing your money, especially if you don’t know and understand how trading works. Good thing FP Markets offers free Demo Account to its traders and this account comes with virtual funds. In this account, you will be able to practice your trading skills and strategies 100% risk-free.

How to open your account

Opening an account with FP Markets is fast and easy. All you need to do is to fill up the Trading Application Form on the official website of FP Markets (https://www.fpmarkets.com/). This form only takes 3 minutes to complete. First enter your personal details (First and Last Name, Country, Phone, and Email). Then is for you to share more about yourself like address, employment status, and date of birth. Afterward, you can choose what type of platform you wish to use (MT4/MT5), account type (Standard/ECN Raw), and base currency. Lastly, it will ask you to answer some questions and then once you are done, you can start trading.

Register an account with FP Markets

Register an account with FP Markets

(Risk warning: Your capital at risk)

Account Types of “FP Markets”

FP Markets gives its traders the power to select a trading platform with a pricing model that suits the trader’s trading style and skill. The company offers a product range across all account types.

Forex Account has 2 types with FP Markets namely: Forex MT4/MT5 Account Standard and MT4/MT5 Raw. These accounts vary in spreads, wherein Standard is from 1.0 pips, while raw is from 0.0 pips. The minimum deposit is the same amounting $100 AUD or equivalent. Also, the maximum leverage is 500:1. However, the commission in Standard is zero (ASX), while raw is $3 (USD).

On the other hand, FP Markets also offer IRESS accounts. There are 3 IRESS accounts namely: IRESS Account Standard, IRESS Account Platinum, and IRESS Account Premier. All of these accounts have the same equity CFD margin rates which are from 3%. the minimum deposit of IRESS accounts is naturally higher than a forex account. The Standard (IRESS) minimum deposit is $ 1,000 AUD or equivalent, while the Platinum (IRESS) is $ 25,000 AUD, and the Premier (IRESS) is $ 50,000 AUD. The commission per lot also varies with these accounts. Standard (IRESS) has $10 AUD minimum (then 0.1%), Platinum (IRESS) has $9 AUD minimum (then 0.09%), and Premier has no minimum (but then 0.08%).

Account Types:

Forex:

  • Standard (MT4/MT5) – minimum deposit $100
  • Raw (MT4/MT5) – minimum deposit $100
FP Markets Forex Account Types

FP Markets Forex Account Types

IRESS:

  • Standard (iressTrader) – minimum deposit $1,000
  • Platinum (iressTrader) – minimum deposit $1,000
  • Premier (iressTrader) – minimum deposit $1,000
FP Markets IRESS Account Types

FP Markets IRESS Account Types

Reviews of deposit and withdrawal

Flexibility is one of the advantages of FP Markets in terms of payment service. It offers more than 10 flexible funding options in 10 different base currencies. These payment methods vary in what type of account (either MT4, MT5, or IRESS) you’ll be placing your funds. Also, the processing time of the deposit varies in the type of your account and the payment method you choose to use.

FP Markets accepted payment methods

FP Markets accepted payment methods

Payment Methods that can be used:

  • VISA/MasterCard
  • BPAY
  • UnionPay
  • POLI PAY
  • Paytrust88
  • Skrill
  • Neteller
  • FasaPay
  • Bank Transfer / Bank Wire (Domestic and International)
  • PayPal
  • Ngan Luong
  • Online Pay
  • Broker to broker

The majority of these payment methods do not charge any fees, especially for MT4 and MT5 accounts. However, IRESS accounts usually charge a small percentage of fee for processing your deposit. It also makes sense due to the fact that IRESS accounts require large amount of deposit compare to MT4 and MT5 accounts. As what have been mentioned above, this still depends on what type of payment channel you choose to use. The major part of these payment channels do not charge for MT4, MT5, and IRESS account, except PayPal, Skril, Neteller, Bank Wire (International), broker to broker, and in some cases in Credit/Debit Cards.

Please see the table below for further details:

Payment Method:Min. Deposit:Duration:Fees:Currency:
Credit/Debit Cards$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 Business day (IRESS)
-No fees (MT4/MT5)
-Domestic (AUD): 1.6% / International: 3.18% (IRESS)
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Bank Wire (Domestic)$100 AUD (MT4/MT5) | $1000 AUD (IRESS)1 business dayNo feesAUD
Bank Wire (International)$100 AUD (MT4/MT5) | $1000 AUD (IRESS)1 business day from where the funds are received$12.50 AUDOther than AUD
PayPal$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
-No fees (MT4/MT5)
-2% fee (IRESS)
AUD, CAD, EUR, GBP, HKD, JPY, SGD, USD
Online Pay$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
No feesRMB
Neteller$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
4% (IRESS)AUD, CAD, CHF, EUR, GBP, JPY, PLN,SGD, USD
Skrill$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
4% (IRESS)USD
POLI PAY$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
No feesAUD
BPAY$100 AUD (MT4/MT5) | $1000 AUD (IRESS)1 business day (IRESS)No feesAUD
Fasapay$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
No feesUSD, IDR
Paytrust88$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
No feesMYR, IDR, THB, VND
Ngan Luong$100 AUD (MT4/MT5) | $1000 AUD (IRESS)-Instant funding (MT4/MT5)
-1 business day (IRESS)
No feesVND
Broker to broker$100 AUD (MT4/MT5) | $1000 AUD (IRESS)1 business day-No fees (Domestic)
-$25 AUD (International)
Not mentioned

(Risk warning: Your capital at risk)

Fees and costs for FP Markets Traders

Fees and costs vary with FP Markets, whether you choose a Forex Account (Standard Account/Raw Account) or IRESS Account. For Forex traders, a Standard account requires a minimum deposit is $100 (AUD or equivalent). With this account, spreads are offered from 1.0 pip with no commission. For the Raw account, the minimum deposit is also $100 (AUD or equivalent), however, spreads are offer from no minimum but a fee of $3.50 AUD per lot per trade.

Note:

FP Markets is a low-cost broker. They offer low spreads and commission.

For CFD traders, there are three account types offered by FP Markets. The Standard IRESS Account has a minimum deposit requirement of $1,000 AUD or equivalent. There is a fee of $10 AUD per month for minimum brokerage. Overnight financing is at RBA plus 4%. If a trader generates at least $150 AUD commission in a month, then $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month.

For the second IRESS account, the Platinum IRESS Account minimum deposit is $25,000 AUD or equivalent. For brokerage fee, that is $9 AUD per month. Overnight financing is at RBA plus 3.5%. If a trader generates at least $150 AUD commission in a month, then $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month.

Lastly, the Premier IRESS Account requires $50,000 AUD or equivalent minimum deposit. The brokerage fee is at 0.08% of the trade size, with no minimum flat fee. Overnight financing is at RBA plus 3% and the GST fee of $55 per month is waived unconditionally.

Facts about fees and costs:

  • The minimum deposit is $100 AUD or equivalent – Forex Account (Standard and Raw)
  • Minimum deposit for IRESS account: Standard – $1,000 AUD or equivalent / Platinum – $25,000 AUD or equivalent / Premier – $50,000 AUD or equivalent
  • No fees on commission
  • Brokerage fee depends on what type of account
  • “FP Markets” earns money by an additional spread and commission

Support and service of “FP Markets”

FP Markets gives its best to support and serve their clients. The company’s support and service operate 24 hours a day and 5 days a week. You can reach their support through phone, email, and live chat. The support agents of the firm are very professional, helpful, and responsive.

FP Markets also offers callbacks. If you wish to be called back by a support agent of FP Markets, you need to fill-up the form on their official website (https://www.fpmarkets.com/) and go to Resources. Under the Resources Section, there you will see ‘Call Back’. When you click on it, it will redirect you to another page with the form. This form will ask you for your personal details, like first and last name, email address, and phone number.

FP Markets support and services

FP Markets support and services

Also, FP Markets offers its traders free educational materials. This includes Trading Glossary that will help you understand trading terms, FAQ Section, Support Hub that tackles more about trading and analysis, Newsletter, and Free eBooks for trading.

In addition, the company offers several educational videos that you will surely find helpful. These videos include the introduction of the platform FP Markets is offering – the famous MetaTrader 4 (MT4).  You can definitely get a glimpse of how to install it, navigate, use the market watch, trade terminal, and place different order types.

FP Markets offers free video tutorials about how to use MetaTrader 4 (MT4)

FP Markets offers free video tutorials about how to use MetaTrader 4 (MT4)

We recommend this broker due to its reliability and good support to its clients.

Facts about the support:

  • 24/5 customer support
  • Phone support (Offers as well call-backs)
  • Email support
  • Live chat
  • Trading Glossary
  • Economic calendar
  • FAQs
  • Support hub
  • Free educational materials
  • Offers free video tutorials
  • Free Trading eBooks
  • Newsletter

Conclusion of the review: Is “FP Markets” legit? – We think: Yes

“FP Markets” proves its legitimacy in its reputation and credibility through its products and services. We can say that this broker is worth our trust and gives its best to support its clients to be successful in the trading industry. The firm offers markets to trade that includes CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies. It is regulated and authorized by ASIC and secure funds of its clients by segregating customer’s funds in top-tier banks.

FP Markets offers assistance through the many choices a trader can have when trading with this company. There are several account types and great options of platforms to choose from that are being offered by this broker. It is regulated and we can definitely say that FP Markets is not a scam.  We can say that traders that choose FP Markets as their broker have so many advantages to look forward to.

FP Markets is a trusted Broker

Advantages:

  • The minimum deposit is only $100 AUD (or equivalent)
  • Free demo account
  • Markets include CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies
  • Regulated by ASIC
  • Segregates customers funds in top-tier banks
  • Offers transparent trading experience
  • 24/5 customer support
  • Offers free educational materials
  • Hedging is allowed
  • Competitive platforms (MT4, MT5, IRESS)
  • Ultra-low spreads from 0,0 pips
  • Secure and reliable

From our experience “FP Markets” is a reliable Forex Broker. The company offers transparent trading by ECN/DMA access. The conditions are perfect for beginners and advanced traders. 5 out of 5 stars (5 / 5)

(Risk warning: Your capital at risk)