Customer service is available 24/7, and we were impressed by the quality of support we received. Overall, FP Markets offers a wide range of funding methods, and while it does not charge any fees for deposits, its withdrawal fees are high. No deposit fees are charged, and FP Markets will cover international fees up to 50 USD for deposits greater than 10,000 USD. A withdrawal fee of 10 AUD is charged, and withdrawals are processed within one business day. For FP markets payment methods that allow you to proceed with account funding, some of methods including fees and another is free of charge.

  • You won’t find sophisticated order types like ‘One cancels the other’.
  • Spreads were quite low, but we have certainly seen lower in other reviews.
  • Our team has written 100+ broker reviews and we constantly test to maintain accuracy.
  • Anyone wanting to trade forex will find XTB to be one of the best choices.

So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

FP Markets Review Pros & Cons

All things considered, FP Markets is a fairly reliable broker for trading forex pairs, CFDs, and multiple assets. FP Markets offers various financial products that cover the overall trading landscape. It is regulated by the Australian commission and the Cyprus commission, which protects its clients from scams or frauds.

FP Markets forex broker

In this review, we tested the research tools available on MetaTrader 4. Top 10 questions, account-related questions, company formation, deposits and withdrawals, trading issues, and partners. FP Markets is a fully regulated trading brokerage and therefore does not provide new traders, or existing traders with any bonuses or promotional offers. These enticements are not legal according to the rules of the ASIC. Besides MT4 & MT5 tools, FP Markets also provides its clients access to a VPS hosting service. In this category, FP Markets offers 3 types of promotions, “Refer a Friend” promo, 10% credit bonus and VPS reimbursement.

Account types

We’ve partnered with leading banking and non-banking financial institutions to provide a deep liquidity pool, offering among the best available market prices. FP Markets is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. The FP Markets Traders Hub provided daily research limefx reviews and trading ideas, presented in a quality format. Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. Unfortunately, FP Markets does not provide trading courses with a quiz following a classroom-style setting.

FP Markets forex broker

Pro traders are also privy to personal account managers, access to a VIP program, and incentives for referrals. Exclusive to FP Markets, the Partners Hub enhances the partner experience by providing the opportunity to learn and develop. It offers client engagement tips and advice, which are especially useful for those just starting on their partnership journey. Based on our FP Markets review, it is considered an average-risk broker.

Is the quality of customer service satisfactory?

There is the added benefit of not having to download any additional apps. Also, you can simply login via your mobile browser and preferred home device such as a laptop limefx or tablet. The mobile trading app is a more streamlined trading platform that can access most of the same instruments and is available on both iOS and Android devices.

How do I know if a forex broker is real?

To identify if a forex broker is authorised by the SEBI, the first step is to identify the registration number from the disclosure text at the bottom of the broker's homepage. For example, here's the key disclosure text from Interactive Broker's website, INTERACTIVE BROKERS (INDIA) PVT.

All of the above payment methods incur zero deposit fees and can fund your account instantly – few brokers offer so many instant deposit methods. All of the same payment methods listed above can be used for withdrawals too – with the exception of broker to broker – and payout times range from instant to 2 business days. During our review of FP Markets, we received a bank transfer withdrawal in 1 business day. Rather than develop their own technologies, we can confirm with our thorough review of FP Markets that this broker uses the MetaTrader 4 and MetaTrader 5 platform as a web trader, desktop app. Our review focused on the MT4 trading platform, available to all clients at FP Markets.

News4 Simple Steps to Trading Mastery – WikiFX

We do not offer robots and automated trading, however FP Markets Copy Trading allows you to find, follow and copy successful traders automatically. There is no need to build your own trading strategy or conduct research on forex markets. This is done through FP Markets Trading Series presenting three sections that help to become the better trader that diverse to a different level of traders, through the established Traders Hub. Furthermore, FP Markets looking to give back to their clients, by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider trade minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a maximum of up to 50$ a month.

Is FP Markets a true ECN broker?

At FP Markets, we take pride in being the ECN pricing forex broker with among the lowest spreads in the industry, starting from as low as 0.0 pips and FP Markets uses the latest technology to give you among the most satisfying trading conditions no matter what financial instrument you are trading.

The FP Markets Introducing Broker program is created to incentivise introducers for client referrals. A highly competitive, volume-based rebate structure, combined with low entry barriers, makes FP Markets the ideal partner for IBs of all sizes and levels of experience. Download FP Markets’ Mobile App and trade on the go across several powerful online platforms like MetaTrader 4, MetaTrader 5, WebTrader, and Iress. To register a new account, traders must go to the website and open the FP Markets login page. For share trading, you have a choice of the normal Shares account and Non Leveraged CFD account. For the non leveraged CFD account, the commission rate is lower at 0.08%.

Thanks to regulation by two high-tiered regulators, FP Markets is also a safe option for online trading in 2022. The company prides itself on its distinguishing features, notably 24/5 customer support in multiple languages. Plus, it allows for rapid execution of trades with low latency. Safety is enhanced by way of globally segregated client funds – that way account balances are protected against insolvency, bankruptcy, or claims against the company. With live trading accounts, and demo accounts available, it’s possible to practice trading techniques, tactics, and strategies at zero risk. To provide a secure trading environment, First Prudential Markets Pty Ltd. is licensed under the Cyprus Securities and Exchange Commission.

  • All traders need to make a minimum deposit of $100 to open and activate an FP Markets account.
  • Comparing trading costs is challenging, with many variables impacting the final fees.
  • There are three methods in which the clients pay FP Markets for their services.
  • EEA traders get an investor compensation fund limited to €20,000 per client.