In this post I will review the well-established and regulated online broker FP Markets. They have a very impressive selection of more than 13,000+ trading instruments which is one of the largest offering of assets I have seen from any broker. Traders from all over the globe can trade Forex pairs, Metals, Commodities, Indices, Equities and Cryptocurrencies.
The broker was founded in 2005 and has since grown into one of the largest and most well-respected brokers in the online trading industry, winning multiple awards for their brokerage services. They have awards for their trading conditions, customer service and trader’s education amongst others.
FP Markets has industry leading trading conditions with transparent pricing, fast trade execution speeds and low overall trading costs. They incorporate the latest innovative trading technologies with ECN pricing and pricing direct from the markets. Spreads start from just 0.0 pips and leverage of up to 1:500 is available. Liquidity providers include house hold global names such as Barclays, HSBS, J.P. Morgan, RBS, Goldman Sachs. etc.
FP Markets supplies traders of all experience levels with award winning trading platforms and one of the best selections of trading tools that I have seen from any broker. Whatever your level of experience or investment size, FP Markets provide all clients with the same high standard of trading services. Everyone gets access to the brokers multilingual support team who are available 24 hours a day, 5 days a week via phone, live chat and email. In addition to award winning support, FP Markets clients are provided with a dedicated account manager.
Some of the key features of FP Markets online trading broker include:
- Well respected ASIC and CySEC regulations
- Very large range of trading instruments (over 13,000+)
- ECN pricing model
- Tight spreads & fast trade execution speeds
- Advanced & powerful IRESS trading platform
- Commission free accounts
- Plenty of account funding methods
- Client funds held in segregated accounts
- Broker has won multiple awards
These factors amongst many others make FP Markets one of the best forex brokers in my humble opinion. Even the tough Trustpilot website has FP Markets rated as excellent with an immensely impressive 4.9 out of 5-star rating based on hundreds of FP Markets reviews.
FP Markets Trading Platforms
Traders can access the global markets and manage their portfolio from a range of desktop, web and mobile trading platforms for Android and iOS devices. Traders have a choice of powerful trading platforms to choose from including the ever popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader MT4/5, along with the sophisticated IRESS platform. Users have the convenience of being able to trade all of the brokers markets and instruments from one trading account. Amongst the features of the FP Markets platforms are:
- User friendly & intuitive platforms
- Fully customisable charts & user interface
- Real time bid/ask price quotes
- Multiple chart timeframes, types & styles
- Technical indicators & drawing objects for chart analysis
- News alerts
- Price alert notifications
- 13,000+ tradeable assets
- Automated trading
- Free for desktop, web & mobile devices
FP Markets Trading Tools
FP Markets provide their clients with a very impressive set of trading tools to compliment the vast amount already included within their industry leading trading platforms. This even include a Free Forex VPS for qualifying clients! These tools can be used by new and professional traders to help improve the efficiency of their trading. They are completely free to FP Markets clients and include:
- Economic calendar
- News feeds
- Trader toolbox
- Alarm manager
- Correlation trader
- Correlation matrix
- Excel RTD
- Market Manager
- Stealth Orders
- Tick Chart
- Session Map
- Trade Terminal
- Mini Terminal
- Sentiment Trader
- Forex VPS
FP Markets Traders Education
When it comes to educational resources for clients, it is hard for any broker to better what FP Markets offer. They have an absolute wealth of materials available to help traders of all levels including tutorial videos, a trading course and trading guides (eBooks). These guides cover many different topics such as the basics of trading, trading platforms, technical analysis, risk management and much more. In addition to this generous offering, FP Markets also provide clients with daily market reports, market analysis, blog articles and webinars. All of this is free of charge to existing clients so yet another great reason to trade with FP Markets!
FP Markets Trading Accounts
FP Markets have a selection of accounts to cater to the different needs of traders with minimum deposits of just $100. Leverage of up to 1:500 is available and each account gets to benefit from FP Markets superior true ECN pricing model via NY4 Equinix Servers in New York. This means that FP Markets can deliver some of the tightest spreads and fastest trade execution speeds in the brokerage industry. They also offer no-commission account options or accounts with very competitive commissions, depending on your needs. The forex accounts offered are standard and ECN Raw. The broker also has a selection of trading accounts specifically for CFDs
- Standard Forex Account – minimum $100 deposit, spreads from 1 pip, STP pricing, no commission, 0.01 min lots, EAs, VPS
- ECN Raw Account– minimum $100 deposit, spreads from 0 pips, ECN pricing, $3.5 commission per 100k, 0.01 min lots, EAs, VPS
- CFD Standard Account– minimum $1,000 deposit, Brokerage Rate $10 min, then 0.1%
What leverage do FP Markets offer?
Depending on the trader’s location, FP Markets can offer leverage all the way up to 1:500. This is a lot more than many other brokers can offer these days.
What deposits do FP Markets offer?
FP Markets have got a very good selection of convenient global account funding options including online payment processors. You can deposit to your FP Markets account using Credit/Debit cards (VISA and Mastercard), Domestic bank wire, International bank wire, Neteller, Skrill, PayPal, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker. There is likely to be a funding method for everyone.
What regulation does FP Markets have?
FP Markets (First Prudential Markets Pty. Ltd.) is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). They have a no requote policy and are under strict ASIC regulation with their head office located in Sydney, Australia.
ASIC regulation is strict and means that FP Markets must comply to strict rules and regulations which are put in place to give traders the peace of mind that they are using a broker which can be trusted and operates with integrity and transparency.
FP Markets client funds are held in segregated accounts with top tier banks. This keeps the client fuds separate from the brokers funds and thus ensures that they are not used for anything else.
FP Markets Review Summary
Overall, FP Markets really impressed me with their vast choice of trading products and services. They literally have everything a forex trader could need and more. There are powerful platforms absolutely packed with trading tools and even additional trading tools to compliment these. The educational materials make them a suitable brokerage for new traders and the minimum deposit to start trading is just $100.
The trading conditions are great from my experience with tight spreads, fast execution speeds and very competitive commissions. There are even commission free accounts if that is what you require for your trading strategy. The leverage of 1:500 is more than what many brokers are offering these days.
Furthermore, FP Markets are under strict regulation and operate in a transparent manner which gives investors peace of mind they are using a trusted broker. FP Markets have won many awards in the brokerage industry including for customer support who are always polite, prompt and efficient in their responses. It is easy to see why FP Markets if the broker of choice for many traders nowadays!
It is very quick and easy to open an FP Markets account – only taking a few minutes. You just need to visit the FP Markets website and complete the short online form. After your account is verified you can fund it and start trading online with one of the best forex brokers there is!
- Tight spreads
- Low fees
- Fast execution speeds
- Fast deposit / withdrawal
- Multiple account funding options
- Excellent 24/5 support
- Strict Regulation
- ECN, STP, DMA Market Access
- User friendly trading platforms
- Multiple awards won