FP Markets Review: Pros, Cons, And How It Stacks Up | 2022 Update
This FP Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about FP Markets to give you the most comprehensive guide available.
FP Markets is a world class broker that was founded in 2005. They have around 95 employees that help the company offer Retail forex trading, Contract for Difference, to 10,000+ clients through MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps.
FP Markets Guide – Read our In-Depth FP Markets Review
FP Markets Rating: 5.85 / 10
This FP Markets review page contains information about investing with FP Markets. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of FP Markets does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This FP Markets review contains the latest information surrounding FP Markets.
If you are a new entrant in the realm of trading online and brokers, so many nuances will no doubt be confusing for you. Getting into the world of online trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of trading online and brokerages as you keep trading. For starters, you have to select the right broker who will always be transparent with you.
Within this fast-paced universe of financial markets and trading, you will need guidance to make proper decisions. A professionally lead investment program could assist you in minimising any losses and maximising any returns. FP Markets is just one such platform which can assist you. It is important to learn about any broker before you trust them with your money.
FP Markets Guide for 2022 – Quick Overview
| FP Markets Telephone: | +44 28 2544 7780 |
| FP Markets Support Email: | supportteam@fpmarkets.com |
| FP Markets Address: | First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Year Founded: | 2005 |
| Regulated By: | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Hedquarters: | Australia |
| Minimum Deposit: | $100 |
| Number Of Clients: | 10,000+ FP Markets users and traders |
| FP Markets LinkedIn: | https://www.linkedin.com/company/fp-markets/ |
| FP Markets Facebook: | https://www.facebook.com/FirstPrudentialMarkets/ |
| FP Markets Facebook Likes: | 388,658 |
| FP Markets Twitter: | @FP_markets |
| FP Markets Twitter Followers: | 3,034 |
| FP Markets Instagram: | https://www.instagram.com/fpmarketsofficial/ |
| FP Markets Instagram Followers: | 7,369 |
| FP Markets Youtube: | https://www.youtube.com/user/fpmarkets |
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Losses can exceed deposits |
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Our full FP Markets review for beginners covers everything you will need to learn about trading via FP Markets. A good agent can use your first investments and help to protect it from losses but also give you a platform that can help to give you profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
Of course, there is no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
FP Markets is a trading partner which has paved its way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital aspects of FP Markets. This guide will allow you to understand whether FP Markets is a fantastic fit for your investments or not. We have tried to breakdown all the qualities and charges for your advantage.
Who are FP Markets?
FP Markets is a online trading broker with its head office in Australia and provides a range of tools for online trading. Since its establishment in 2005 they have emerged as a top-tier player in the field of online trading. FP Markets includes a highly professional and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 17 years, FP Markets has grown into one of the leading online brokers available to the public.
After being founded in 2005, their customer base has increased to 10,000+ clients.
FP Markets is a favourite of many traders because of its negative balance protection. Our FP Markets account review discovered that they are a superb platform for online trading solutions. They are most appropriate for investors who are looking for a variety of assets. Social and easy to use trading solutions are the heart at FP Markets.
Technology plays a significant role in FP Markets. They offers trading on MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps. FP Markets is fair, transparent, and also a well-regulated agent by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
Who Founded FP Markets?
The founders of FP Markets are Matthew Murphie
The founders of FP Markets are famous for their experience in the world of online trading. However, there are a lot of other important people at FP Markets who have a substantial impact on it's success.
The trader resource section at FP Markets is quite enlightening for new dealers since it permits them to get a closer look in the financial markets. FP Markets caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
FP Markets Review Videos
Benefits of using FP Markets in 2022
Trading with FP Markets includes numerous advantages. These advantages are what sets FP Markets ahead of all other online agents. You need to check all the advantages listed so that you have a better comprehension of FP Markets.
The broker goes to great lengths to comprehend what traders need. Consequently, the service, fast, and convenient. The agent also provides a number of platforms for all types of traders. FP Markets helps to ensure that the individual needs of all traders are met to the best of their capabilities.
FP Markets also includes excellent trading conditions that are readily available to all and not just an elite class of institutional customers. The tight spreads and quick executions are a great advantage for all traders. The technology embraced by FP Markets is of the maximum caliber, making sure that it is fast, dependable, and effective.
FP Markets acknowledges the importance of having a quick order execution. A fast execution will allow users to exchange without fretting about slippage safely. It will also help the traders to grab any opportunities.
Copy trading is another major aspect of FP Markets. A new dealer can learn from industry experts utilizing the automated copy trading option. This means you can see the best performing brokers and instantly copy their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, FP Markets offers social trading which encompasses leading traders sharing their knowledge with the community. FP Markets's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
FP Markets has over 100 trading tools to support all kinds of traders. These instruments are dynamic and convenient for both new and experienced traders. All dealers can put aside all their concerns when trading with FP Markets.
FP Markets Overview
Year Founded: 2005
Regulated By: Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Hedquarters: Australia
Minimum Deposit: $100
Number Of Clients: 10,000+
Losses can exceed deposits
If you feel that FP Markets is not right for you then at the bottom of this FP Markets review you will find a lot of alternatives to FP Markets.
What you ought to know about trading with FP Markets
FP Markets is a dynamic platform that provides various techniques of online trading. These tools cover the monetary markets substantially. The Majority of the broker platforms offer less methods than FP Markets
If you want to trade with FP Markets, you will require a minimum deposit of $100. This deposit is compulsory if you want to begin trading with FP Markets. This 2022 FP Markets review will guide you clearly about trading with them.
FP Markets is as versatile as another brokerage platform. FP Markets is excellent for traders that want a manageable variety of cheap services. The platforms offered by FP Markets are third-party, white-label offerings. All traders can choose out of MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Along with everything, FP Markets has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The brokers provide premium client service that rewards clients with advantages.
Many unprofessional brokers try to pressurise consumers into larger funding for superior services. FP Markets, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will become available.
FP Markets accounts are available globally and provides excellent service everywhere they have clients. There are only a select few countries where FP Markets accounts are not available. Traders in the following countries cannot open or use a FP Markets account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is FP Markets Safe To Trade With In 2022?
Founded in 2005, FP Markets has been in operation for 17 years, they have a head office in Australia
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). These figures have rules that make sure that trading platforms have ploicies in place to keep investor's resources procured. This means that FP Markets users don't need to worry about their money since it is segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with FP Markets for heightened safety. An SMS for the verification code will be sent to your mobile phone. You'll be required to input this code to log into your account.
Another concern with online brokers with regards to security may be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with customers on the stage.
FP Markets Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With FP Markets
Every online trading platform has some pros and cons FP Markets review would be complete without showing both sides. This FP Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
FP Markets Pro's
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
FP Markets has been trading for 17 years.
FP Markets offers customer support over the phone.
FP Markets provides customer support over email.
FP Markets gives access to customer support over livechat.
FP Markets is an award winning broker.
FP Markets offers negative balance protection.
FP Markets doesn't charge withdrawal fees.
FP Markets doesn't charge inactivity fees.
You can trade Cryptocurrencies with FP Markets.
FP Markets offers social trading.
FP Markets offers copy trading.
FP Markets allows scalping.
FP Markets allows hedging.
FP Markets allows commodity trading.
You can trade metals with FP Markets.
You can trade energies with FP Markets.
FP Markets Con's
FP Markets is not highly rated by us. FP Markets doesn't offer guaranteed stop loss.Compare Brokers Similar To FP Markets
Regulation And Licencing In More Detail
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
FP Markets, as a business, has a powerful set of rules for ensuring honest trading onto its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
FP Markets Awards
FP Markets have won numerous industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for FP Markets here.
- In 2019 FP Markets was awarded Best Global Forex Value Broker Award at the Global Forex Award held in Limassol, Cyprus.
- In 2020 FP Markets was awarded Forex and CFDs broker with the ├óÔé¼┼ôBest for Quality of Trade Execution in 2019├óÔé¼┬Ø.
FP Markets Trading Platforms
FP Markets are a reputable broker that has been operating for over 17 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any great online brokerage and compare FP Markets with freetrade, and easyMarkets.
FP Markets MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with FP Markets in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. FP Markets MetaTrader 4 is compatible with the latest macOS. FP Markets allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and FP Markets
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With FP Markets MetaTrader 4 On iOS Devices
You can download the FP Markets app or also trade with FP Markets through the MetaTrader 4 application on the Apple app store.
Download the FP Markets MetaTrader 4 Program free of charge from Apple's App Store. FP Markets customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With FP Markets MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. FP Markets provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FP Markets MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you need to begin on FP Markets is $100. This is a decent amount for people just beginning. It's possible to make more advanced deposits as you cooperate. But, ensure that you understand how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
FP Markets is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for services like depositing cash, not investing for long periods, or withdrawals.
Generally, FP Markets doesn't charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by FP Markets are relatively greater. Consequently, you are billed more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This FP Markets review breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees Of FP Markets
FP Markets Withdrawal Fees Explained
FP Markets doesn't charge withdrawal fees.Withdrawal of money is possible at any time from the FP Markets account. You can draw sums up to the sum of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always have to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent to the cardFP Markets will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to draw in.
FP Markets Inactivity Fees Explained
FP Markets doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by FP Markets, it's best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the broker beforehand.
FP Markets Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this operation.
FP Markets charges a deposit fee for transferring money into your trading account.
Depositing money on the FP Markets trading platform is simple. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit large amounts.
Compare FP Markets Vs Other Broker Deposit Methods
What Can You Trade With FP Markets in 2022?
Note: FP Markets provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ based on the country of residence of the client.
FP Markets has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then FP Markets offer over 60 currency pairs.
Compare FP Markets, freetrade & easyMarkets below.
FP Markets Trading App Review
Note: FP Markets's mobile app has many functions and is being constantly improved. The table below was correct at the time of compiling this FP Markets broker review.
Understand the capabilities of the mobile apps of FP Markets, freetrade & easyMarkets below.
Trading Education Available At FP Markets
Understand the trading resources available with FP Markets, freetrade & easyMarkets below.
FP Markets Customer Support
For our FP Markets broker review we examined the customer service options as well as response times. on the FP Markets trading platform problem solving effectiveness. FP Markets supports many languages including
FP Markets Live Chat Support
We tested the live chat on FP Markets and it works well. We made a request through the FP Markets livechat via their website and app and received a response in less than 20 seconds. Sometimes , there was no response.
We have tested communication via FP Markets support in a variety of languages across multiple countries. FP Markets were successful in resolving customer problems.
FP Markets Phone Support
We called FP Markets and the call was answered extremely quickly. We were able to have the call answered in less than 5-10 minutes.
The FP Markets phone support team were able to successfully address our questions and issues over the phone. We tried the multilingual FP Markets team by making calls in various languages. FP Markets made efforts to ensure all of our questions were answered.
The overall support via phone from FP Markets was satisfactory.
FP Markets Email Support
We sent several email to FP Markets and answer times overall were very good. The fastest email response time from FP Markets was 3 hours while the slowest response was 12 days! There were times when there were no responses. Support response times may vary depending on what is needed from FP Markets, however, we've had the experience of sending 10 emails at varying times.
The team solved and responded to our questions. Overall average email support from FP Markets was very good.
Alternatives To FP Markets
If, after studying this FP Markets review, they do not fulfill your needs check out these FP Markets alternatives.
We've scoured the web to find the best alternatives to FP Markets. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try FP Markets before I buy?
Yes, you can most definitely try FP Markets before you buy. FP Markets provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up for a demonstration account with FP Markets, you will set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you decide to invest your own money.
With this digital FP Marketsdemo account, you are able to experiment in any way, to whatever period you wish. You might even open positions, examine different trading approaches, and more.
FP Markets shows on its official website how you can trade real time stocks in a demo account.
Is FP Markets safe?
You can drop all your worries since we believe that FP Markets is totally safe to use. It's in compliance with the principles of Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, FP Markets doesn't provide assured stop-loss protection.
Why does FP Markets ask for my passport?
The reason that FP Markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, FP Markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, FP Markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with FP Markets?
The process to start trading with FP Markets is super simple. You need to begin by signing up on the FP Markets website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but FP Markets are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with FP Markets is $100. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with FP Markets.
The best way to kickstart your trading career with FP Markets is to open a demo account facility before risking any real money
What funding methods do FP Markets accept?
There are a number of methods to finance your accounts with FP Markets. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every place. The monies FP Markets accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, even though it takes approximately 4-7 days.
Is my money safe with FP Markets?
Yes, your money is safe and protected with FP Markets. As you know, FP Markets operates with proper conformation to regulations. It's established plenty of measures to protect all its investors.
FP Markets safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your account, you can empower Two-Step Verification also. It requires an SMS confirmation for you to access your accounts.
Is FP Markets trading good?
Yes, trading via FP Markets is a nice and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you can also obtain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do FP Markets support?
FP Markets operates across the world. However, due to regulations FP Markets does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is FP Markets legit?
FP Markets is a legit company headquarted in Australia since 2005. They are regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC). FP Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is FP Markets a good broker?
FP Markets is an excellent broker, and its users can vouch for it. The highlight of this platform is its fast order execution on transactions.
You'll find the clean design of the platform and the admirable features are pleasant to work with.
Is FP Markets a trustworthy broker?
Yes, FP Markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for FP Markets?
The minimum deposit to open a live account with FP Markets is $100
How long do FP Markets withdrawals take?
Normally, withdrawal of money from FP Markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from FP Markets to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is FP Markets regulated?
FP Markets are regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Is FP Markets a market leading broker?
FP Markets is currently among the industry leaders. It has over 10,000+ registered users and over 17 years of expertise on its record. They're among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide selection of resources plus tools so that you may put money into capital markets.
Is FP Markets a con?
No, FP Markets is not a con. They are regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that FP Markets is not a scam.
Can you make money with FP Markets?
Using FP Markets, several traders make a great deal of cash. However, just like all online brokerages, it is important to note that traders can also lose money. In particular, Losses can exceed deposits
This may seem to be a little number, but within the year, it adds to a significant number of gains. Even though FP Markets supply you all of the tools to make money, they cannot guarantee you will profit.
Does FP Markets have fees?
Yes. To start trading with FP Markets, you have to deposit $100. Certain commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was FP Markets founded?
FP Markets was founded in 2005 in Australia. FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
How many people use FP Markets?
FP Markets is a globally recognised broker with 10,000+ customers.
Where is the FP Markets head office?
FP Markets has its head office in Australia
Does FP Markets offer negative balance protection?
Yes, FP Markets has Negative Balance Protection. It's specially offered when the industry volatility prevents clients from letting their account go in the red. In a situation like this, FP Markets offers the ability to reset a clients account balance to zero.
You can go through the important terms and conditions on FP Markets's website to understand their policies.
Does FP Markets offer guaranteed stop loss?
FP Markets, regrettably, doesn't offer guaranteed stop loss. FP Markets gives a chance to its traders to close their trades at their specified price. Aside from that, FP Markets doesn't provide guaranteed stop loss.
Does FP Markets allow scalping?
Yes, FP Markets does allow scalping. Several traders throughout the world choose FP Markets for their services that are trading. They offer trading on MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps which let this.
Does FP Markets allow hedging?
Yes, FP Markets does allow hedging.
Can you trade energies with FP Markets?
Yes, you can trade energy stocks with FP Markets
Can you trade agricultural shares with FP Markets?
Yes, you can trade agricultural stocks with FP Markets
Can you trade cryptocurrency with FP Markets?
Yes, you can trade cryptocurrency with FP Markets
Can you trade metals with FP Markets?
Yes, you can trade metals with FP Markets
Can you trade UK Shares with FP Markets?
Yes, you can trade UK shares with FP Markets
Can you trade US Shares with FP Markets?
Yes, you can trade US shares with FP Markets
Can you trade Japanese Shares with FP Markets?
Yes, you can trade Japanese shares with FP Markets
Can you trade German Shares with FP Markets?
Yes, you can trade German shares with FP Markets
Does FP Markets accept bank transfers?
Yes, FP Markets accepts bank transfers for depositing money.
Does FP Markets accept credit cards?
Yes, FP Markets accepts credit cards for depositing money.
Does FP Markets accept PayPal?
Yes, FP Markets accepts PayPal for depositing money.
Does FP Markets accept Skrill?
Yes, FP Markets accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet company that was founded in 2001 which offers a variety of online payment and money transfer services.
Since its inception, Skrill has expanded to operate in more than 120 countries with the digital wallet offered in more than 40 currencies. Customers can transfer funds to their Skrill wallet using various payment options including by cards, bank transfers, and several alternative payment options. The money can be used to pay merchants as well as other Skrill customers, or converted into cryptocurrency.
Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. It allows customers to send money to a bank account in another country using their bank card. In 2015, Skrill was acquired by the Paysafe Group along with former competitors Neteller and prepaid payment service paysafecard.
Skrill has a variety of licences that permit it to provide its services across Europe as well as globally. Skrill is operated through Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and is regulated by the Central Bank of Ireland, for its European authorized operations. Skrill's operations outside the European Economic Area are operated by Skrill Limited - a company that is incorporated inside the United Kingdom and regulated by the Financial Conduct Authority.
Does FP Markets accept Payoneer?
No, FP Markets does not accept Payoneer.
Does FP Markets accept Neteller?
Yes, FP Markets accepts Neteller for depositing money.
Does FP Markets offer Live Chat customer support?
Yes, FP Markets offers customer support through live chat.
Does FP Markets offer phone customer support?
Yes, FP Markets offers customer support over the telephone.
Does FP Markets offer email customer support?
Yes, FP Markets offers customer support through email.
What languages can FP Markets communicate in?
FP Markets has the ability to communicate and support customers who speak:
Does FP Markets have a wikipedia page?
Yes, FP Markets does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/First_Prudential_Markets
Does FP Markets offer demo accounts?
Yes, FP Markets offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Compare FP Markets To All Our Other Brokers