FP Markets Broker Review and Opinions

FP Markets is an online broker offering a wide selection of financial assets and various trading platforms.

FP Markets is regulated by CySEC and ASIC, guaranteeing clients their funds are safe. They also offer an extensive educational resources section for traders.

Opinions

FP Markets is a forex broker that has been in operation since 2005 and is regulated by ASIC in Australia and CySEC in Cyprus. Furthermore, it’s a member of the Financial Services Commission of South Africa (FSCA), with an offshore entity registered in St. Vincent and the Grenadines (SVGFSA).

When selecting a forex broker, one of the most important factors to consider is their regulatory status. FP Markets has earned this distinction and is thus certified safe by ASIC and CySEC–two major bodies regulating forex brokers worldwide.

FP Markets provides a vast selection of trading and investment instruments. Its popular MetaTrader 4 and Iress platforms are accessible in multiple languages, as well as its social trading portal for passive copy-trade investors. Furthermore, it boasts some of the finest trading education materials around – YouTube videos, webinars, podcasts – plus e-books, glossaries and other helpful resources to get you off on the right foot.

Benefits

FP Markets is a forex and CFD broker that charges its clients low fees. It has been licensed by two highly-tiered regulators for many years, giving the firm an established track record within the industry.

FP Markets’ trading platform is designed for ease of use. The broker provides a wealth of educational tools and resources, such as webinars, podcasts, eBooks and glossaries.

FP Markets boasts a stellar reputation in the financial industry and has won several awards, such as “Best Global Forex Value Broker.” Furthermore, they provide traders with an array of trading platforms and an attentive customer service team.

Deposit and withdrawal

FP Markets provides traders with a selection of deposit and withdrawal methods. These include credit/debit cards, e-wallets, bank wires, and online payment processors. Traders can utilize these methods to fund their accounts and cash out profits.

Traders at FP Markets can take advantage of their live chat service, which is available 24/7 and provides answers to clients’ queries in an instant.

FP Markets’ customer support team is available in 34 languages and promptly responds to queries. Customers can get in touch with them through e-mail, live chat or phone.

FP Markets provides several funding options, including PayPal and Skrill. The broker also supports a range of other payment systems like BPay, FasaPay, Paytrust88 and Online Pay; traders from Asia may make deposits using services like XPAY or Ngan Luong. There may be transfer processing fees associated with these methods; usually funds are confirmed and processed within one business day.

Trading platform

FP Markets is a premier Forex and CFD broker that offers an exceptional trading environment to all levels of traders. Customers have the option of ECN or DMA accounts with raw spreads, plus an extensive selection of forex, equity CFDs, futures contracts, as well as cryptocurrencies.

MetaTrader and Iress both offer an impressive suite of trading tools, as well as a sophisticated portal and trader-tested features. Prospective traders can test the waters before investing real funds by opening either a demo account in MetaTrader or Iress first.

FP Markets is thoroughly regulated by two top-tier regulators, guaranteeing its stability and security. Furthermore, the company segregates client funds and stores them with AAA-rated banks for added peace of mind.

Pros and cons

FP Markets provides a suite of financial products and trading platforms that empower traders to make informed decisions. Furthermore, the broker provides educational materials that can assist new traders in becoming familiar with its platform.

Leverage is an important factor to take into account when trading Forex. It allows traders to trade with larger sums of capital than they could without it, though this comes at the cost of higher financing costs such as swap rates.

One major distinction between regulated and unregulated brokers is their account types. ASIC and CySEC-regulated entities provide segregated accounts, which safeguard your money against losses.

Unfortunately, FP Markets is an international entity and your funds aren’t protected by a segregated bank account. Therefore, it’s essential to know which account type you will open before signing up for services.

FP Markets provides a wealth of educational resources and tools for new traders, including videos covering various topics as well as platform tutorials. Furthermore, its research content is easily accessible.

Account opening and login

FP Markets provides an expeditious and straightforward account opening process. All that’s required for traders to do is upload a valid ID document (passport or driver’s license) as well as proof of residency (utility bill or bank statement).

Clients at FP Markets can deposit funds using various payment methods, such as credit cards, debit cards and e-wallets. Furthermore, the platform provides a wide selection of tradeable assets along with excellent customer service.

FP Markets boasts an amiable customer support team that is available around the clock. Their staff members are multilingual and adept at responding promptly and accurately to queries from clients.

Education

FP Markets is a longstanding forex broker founded in 2005 and regulated by CySEC (Cyprus), FSCA (South Africa) and ASIC (Australia). With an impressive list of customer service awards under their belt, FP Markets continues to build upon its impressive legacy.

Education is a priority at FP Markets, offering an impressive selection of materials including training videos, ebooks and a trader’s blog. Furthermore, they provide daily trading tips which may prove useful for investors.

FP Markets provides comprehensive charting capabilities through its MetaTrader and IRESS platforms, which include AutoChartist plugin. In addition to these charting solutions, FP Markets also provides social trading and copy-trade services for investors who wish to profit from other traders’ movements on the market.

Customer service

FP Markets boasts an attentive customer service team that is available 24/7. Clients can contact the team through email, live chat or phone.

The broker’s live chat representatives are knowledgeable and responsive. In most cases, they can resolve problems within minutes.

This broker’s customer support team offers assistance in 34 languages and is accessible 24/7. This is an advantageous feature, as it guarantees clients can get assistance in their native tongue.

FP Markets is an Australian-registered forex and CFD broker with a global reach. Its regulation by both Australian Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC) guarantees its customers’ safety.

Demo account

If you’re uncertain if FP Markets is the right broker for you, opening a demo account could be beneficial. This way, you can practice trading and get acquainted with the platform before committing to real money trading.

FP Markets provides its clients with a comprehensive selection of trading platforms and tools, such as MetaTrader 4, 5, and Iress.

FP Markets’ demo account offers traders access to an unlimited pool of virtual funds, allowing them to practice trading without risking actual capital. This saves them on brokerage fees which could add up to $4.00 per trade.

FP Markets also offers social copy trading, which enables clients to automatically copy the positions and strategies of other traders. This feature is accessible on both iOS and Android devices and serves as an excellent opportunity for novice investors to learn from experienced traders.