- High fees for Stock CFDS
- Limited product suite
- High fee for international bank withdrawal
FP Markets, founded in 2005, is an Australian brokerage that provides traders with access to contracts for trading of numerous trading instruments, such as forex, indices, commodities, stocks, and cryptocurrencies. They offer consistently narrower spreads in exceptional trading conditions. A key advantage of FP Markets lies in its utilization of ECN electronic bridges, coupled with a commitment to investing in powerful trading technology and innovation. The company exhibits continuous growth, evident not only in its offerings but also in its expanding global reach. From its origins as an Australia-centric broker, FP Markets has evolved over the years into a truly global entity.
FP Markets, headquartered in Sydney, Australia, is a well-known global brokerage under the leadership of CEO Nick Twidale. Since its inception in 2005, FP Markets has been providing traders with highly favorable conditions, featuring narrow spreads and narrow commission fees. Traders also have the option to choose from two distinct account types. The platform offers a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies. With a seasoned management team, FP Markets is committed to advancing the realm of online trading, placing a strong emphasis on expanding globally. This dedication has led to remarkable growth within a relatively short period, solidifying the company’s position as one of the better ECN-regulated brokers on a global scale.
FP Markets Features
| Feature | FP Markets |
| Minimum deposit: | $100 |
| Withdrawal fee amount: | No additional internal fees |
| Inactivity fee charged (Y/N): | N |
| Max leverage: | 500:1 |
| Spread from: | 0.0 pips |
| Number of instruments: | 10,000+ |
| Year founded: | 2005 |
| Time to open account: | 1-2 business days |
| Demo account provided (Y/N): | Y |
| Countries of regulation: | Australia, Cyprus, St. Vincent & the Grenadines, |
FP Markets Fees
FP Markets pioneered the Direct Market Access (DMA) CFD model in Australia which promotes fair and transparent pricing and focuses on the best possible order execution for clients. It is still committed to providing DMA pricing for products where a centralised exchange is present. For products such as Forex in which that is not possible, it provides ECN (Electronic Communication Network) pricing which it believes offers the best results for clients.
Spreads from 0.0
FP Markets receives price feeds from both major institutions as well as feeds from bespoke liquidity providers to ensure that clients have access to the very best pricing available. The company is constantly monitoring incoming price feeds and feeds from competitors to ensure the prices it offers are always competitive.
ECN Spreads
Its trade servers are hosted in NY4 data centres in New York which are connected via fibre optics to its ECN network and liquidity providers, ensuring lightning-fast execution. The advanced price aggregation means increased pricing transparency, lower or narrower price spreads, and the fastest possible trade execution. The company’s heritage is to provide Direct Market Access (DMA) and ECN execution and it has won many awards specifically for this, in particular for having the fastest execution speed. Trades feed straight through to the best price available without interference from a “market maker.”
Multiple funding methods and NO funding fees
Clients can fund via a choice of over 10 different funding methods which are outlined in the funding section of this document. Any bank fees or charges relating to a transfer are credited to clients in the form of a trading bonus, so the full value of any deposit can always be traded on. Note that FP Markets does not charge for deposits or withdrawals – although facilitating banks may.
Flexible leverage up to 500:1
Leverage up to 500:1 is offered, however, clients can choose lower levels of leverage and adjustments can easily be made via the client portal.
No requotes ever
Security / Segregation of client funds
Client funds are held in a top-tier bank account and all retail client funds are kept separate from company funds. Therefore, in the unlikely event that there was an issue with the company, clients’ funds would remain separate (and protected) so that funds could be returned to clients. To add further protection for clients, the company has a policy of maintaining twice the required regulatory capital.
Forex Trading Accounts
From Beginner to Advanced there are accounts for all types of traders. Standard Accounts feature low deposit and zero-commission trading, while RAW features razor-sharp spreads and low commissions per lot. All FP Markets Forex accounts include flexible leverage and ECN Pricing using an ultra-fast NY4 Equinix Servers in New York.
Raw accounts are for more active traders, who trade more frequently, including scalping, as spreads are lower and hence a small fee is added $3.50 per lot (7AUD per lot round turn). Remember if the client trades 0.1 lots it will be $0.35. Spreads from 0.1pips. Minimum deposit $100.
Trading Platforms
FP Markets states that it offers only the best technology. The company has invested millions of dollars in infrastructure, platforms, client portals, analytics and reporting and uses Equinix NY4 Data Centres (for speed of execution) and advanced price aggregation technology. That is said to ensure the best available prices are offered so that clients can be confident that the FP Markets technology offering is the best in the market.
FP Markets has invested heavily in technology to ensure that all clients have access to the most up to date technology. Investment has been made across trading platforms, client portals, IB Portals and reporting and its technology offering now includes:
You can choose from the following options:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader
- Ires
- cTrader
- TradingView
You can enjoy access to Traders Edge Tools, the Affiliate Portal, the IB Portal, the Advanced Client portal, and MAM/PAMM accounts. All of these are here so you can choose the one that is most suited for you. If you prefer to trade by yourself, there are provisions for that.
Safety
Customer Service
FP Markets offers clients outstanding customer support through email, live chat, and phone channels. These avenues are available around the clock from Monday to Friday, with specific hours of availability on weekends, guaranteeing accessible assistance no matter where you are. Whether you prefer direct conversations, communication via email, or real-time chat interactions, FP Markets is dedicated to providing exceptional customer support tailored to your individual preferences.
Email Support
FP Markets sets itself apart with its outstanding email support, promising clients a rapid response within a single day of reaching out. This commitment to timely communication ensures that clients receive the assistance they need promptly.
Live Chat Support
In addition to its excellent email support, FP Markets provides an exceptional live chat service. This feature connects you directly with a knowledgeable agent dedicated to providing you with the specific information you seek. This immediate, real-time support ensures that you can make well-informed decisions swiftly and efficiently.
Phone Support
Lastly, FP Markets offers phone support to guarantee clients receive prompt and accurate responses to their inquiries. The company maintains a quick response time from the moment of contact, underscoring its dedication to providing excellent support across all communication channels.
Education
FP Markets provides its clients with a wide range of valuable educational tools. These include a demo account, economic calendar, forex calculator, numerous video tutorials, and a trading glossary.
Forex Calculator
The FP Markets Forex Calculator is a valuable tool designed to empower you with a comprehensive assessment of the potential risks associated with your upcoming trade, allowing you to make informed decisions before executing it. This tool includes a range of essential features, including precise calculating of position sizes, pip values, margins, swaps, profits, losses, and overall risk management.
Video Tutorials
FP Markets’ Video Tutorials section is a rich educational resource designed to empower traders with valuable insights and practical knowledge. These expertly crafted video lessons cover a diverse range of topics, catering to both beginners and seasoned traders. From understanding fundamental concepts to mastering advanced trading strategies, FP Markets’ Video Tutorials provide a dynamic learning experience. With clear explanations, real-world examples, and step-by-step guidance, traders can confidently navigate the complexities of the financial markets.
Trading Glossary
FP Markets’ Trading Glossary is a valuable educational resource designed to explain the terms of trading. This comprehensive collection of terms and definitions covers a wide spectrum of financial wording, making it an essential tool for traders of all levels of expertise.
