An international Foreign Currency and CFD brokerage founded in 2005, FP Markets offers more than 10,000 CFD instruments. It employs highly-advanced trading software so as to foster trades with great integrity and effectiveness. And despite this, FP Markets is considered low-cost brokerage.
The facets considered in the review of FP Markets’ over-all capability include its financial instruments, account classifications, deposit and withdrawal schemes, and trading software just to mention a few.
FP Markets: A Background on Its Regulatory Status & Safeguarding of Funds
FP Markets goes under sanction through ASIC and CySEC. It base of operations is in the St. Vincent and the Grenadines.
The partnerships fostered by FP Markets with a number of banks allow for notable liquidity pools.
Securing the client’s funds with great efficiency through a segregation of the funds from the assets. This is done by holding them on separate accounts by leading banks.
FP Markets has integrated ECN networks (Electronic Communication Network) so as to establish greater transparency in client transactions. Moreover, FP Markets is connected to the NY4 Equinix server in New York. This is made possible through fiber optics that allows for speedier transactions. Dealing desks, requotes, price manipulations are completely let go.
These things established, it is safe to say that FP Markets is a reliable brokerage to do trades through, making traders safe from any form of fraud.
The Many Offers and Services that FP Markets Has
Selection of Tradable Assets
FP Markets provides over 10,000 CFD assets. These are as follows:
Forex (60 pairs through MT4)
Share CFDs (10,000+ stocks available on international exchanges)
CDF Stock Indices (19)
Commodities (energy, metals, and agricultural products)
Cryptocurrencies (BTC, ETH, XRP, BCH, and LTC)
Account Types
The brokerage hosts 2 live account classifications:
- Standard MT4-MT5
- Raw MT4-MT5
These features make these accounts viable:
- A minimum deposit of $100 AUD
- Maximum leverage of 500:1
- ECN-pricing trading execution
- 0.01 lot as a minimum trade size
Spreads are the only thing by which the two accounts could be differentiated:
- The Standard account: From 1.0 pips
- The Raw Account: From 0.0 pips
The Commission scheme is also different between the 2 accounts
- The Standard Account: Zero commissions
- The Raw Account: $3USD for each side
The broker offers a demo account to help traders become familiar with the MT5 trading platform and test their trading strategy.
Funding Methods
These payment options are available for all FP Markets clients:
VISA and Mastercard – no deposit fees with the funds being credited within only 1 business day
Bank transfer all currencies accepted, no extraneous fees, processing of only 1 business day
Electronic payment systems (Skrill, Neteller, PayTrust, NganLuong.vn, among others) Only for certain currencies, zero deposits, and instant funding
Bank fees accumulated transactions across countries are covered by the firm is the amount exceeds 10,000 USD.
For withdrwals
VISA and Mastercard – zero fees, made in 1 banking day
domestic bank wire (Au) – zero fees, 1 banking day
Global bank wire – 10 AUD, 1 banking day
Neteller – 2% up to 30 USD + country fees for every 45,000 USD transaction, 1 banking day
Skrill – 1% + country fees, 1 banking day
PayTrust/Dragonpay – 1.5% fee, 1 banking day
FP Markets Trading Software and Other Trading Helps
FP Markets provides MetaTrader platforms, MT4 and MT5 so as to foster industry-standard trading software experience.
FP Markets’ MT4 offering comes in many versions including these iterations:
- MT4 for Windows
- WebTrader
- MT4 for Mac
- MT4 for iOS
- MT4 for Android
All these are equipped with purposeful and cost efficient tools that would allow for convenient trading conditions.
The iterations of the MT5 that is available through FP Markets are as follows:
- Mac OS
- WebTrader
- iOS mobile (iPhone and iPad) and Android
The developers from FP Markets had created a mobile application simply called “FP Markets Trading App”.
The Takeaway: Is Trading with FP Markets a Good Idea?
FP Markets’ fifteen years of brokerage service did not go unnoticed given the strength in numbers. A glance at the firm’s astounding figures:
- $1 billion + daily executed transactions
- 10,000 accessible trading instruments
- 80 countries providing trading services
- 35+ international recognitions
- 5 reliable trading software available
These numbers speaks a lot about FP Markets’ capability as a brokerage and how it sets up itself against the competition in the industry.
A plus factor is FP Markets’ easy-to-navigate site. All pertinent information are presented in its well-organized website. On top of this FP Markets’ spread offerings are wholly transparent.