fp markets review
Forex Forex Reviews Trading 

FP Markets Review

Hanna Nicols

General Information

Website URL: https://www.fpmarkets.com/int/

Founded: 2005

Regulation: ASIC

Languages: English, Chinese

Deposit methods: credit cards, e-wallets, BPay, FasaPay, PaySec, Bank wire transfer

Minimum deposit: $500

Free demo account: yes

Types of assets: currencies, commodities, cryptocurrencies, equities, futures, market indices

FP Markets is a brokerage that is based in Australia, with the addition of the international offices in Beijing and Shanghai. It was founded back in 2005, but so far it did not show any significant features that would help you choose them from the crowd of other similar trading companies.

Regulation

During the 15 years of experience that the FP Markets trading platform was able to uphold, they relied on the Australian Securities and Investment Commission. This is a quite reputable and trustworthy regulatory body, that always makes sure that their brands strictly follow all the necessary criteria, including:

  • having a capital reserve of AUD $1 million
  • making regular background checks of all the managing directors
  • keeping the clients’ funds safe within the segregated accounts
  • providing regular reports on company development and other areas of business.

In addition, the funds are further secured by staying in the National Bank of Australia. Also, FP Markets has made some connections with the trusted banking institutions from around the globe including JP Morgan, Goldman Sachs, HSBC, and Citibank.

Trading Platform

The trading platform options at FP Markets are quite rich and detailed. They include both an MT4 and an MT5 platform, whichever suits the most to the individual clients and their preferences. Both of these platforms give advantages of their own when it comes to providing clear data, as well as responsive charts and analytic indicators that you can access through any device.

Another useful addition to the trading platform is the IRESS, which is a special type designed in Australia. It provides direct market access for the traders, as well as advanced charting, real-time market data, module linking, and other high-tech and crucial features.

Account Types

FP Markets has created quite an astonishing selection of client packages for all its traders. There are several options to choose from, and they are carefully selected and implemented within the two main categories – Forex and CFD accounts.

Forex Accounts

  • Standard

The standard account package offers you the ability to trade over 50 currency pairs, metals, indices, and commodities after depositing $100 AUD. In addition, the maximum leverage comes at 500:1, while the commissions per lot are zero.

  • ECN RAW

This type of account requires a bit higher deposit – $200 AUD. With it, you can access a variety of trading tools and instruments, as well as market data that can be quite useful as you go.

CFD Accounts

  • Professional

This account can be yours after depositing $1.000 into your account. The broker advantages are much greater, with the lower commissions, too.

  • Platinum

With the minimum deposit of $25.000, the possibilities are close to endless. They include live data and other trading tools that you simply won’t be able to live without.

  • Premier

This is the highest of the accounts at FP Markets when it comes to the abilities as a trader. You can develop a direct connection with your broker that will be at your disposal at any time for all the questions you may have, as well as enjoy zero commissions on most of the features.

Islamic Account

Islamic account is a very special and important feature for all the traders that practice the religion, Islam. Namely, this account is perfect for the specific clients that are not allowed to pay or receive swaps or rollover interest on the overnight position because of religious limitations. This is a huge plus for any brand that takes into consideration the different backgrounds and religious beliefs of their clients.

Deposit and Withdrawal

The selection of payment options at the FP Markets is quite admirable, with over 10 currencies accepted in total. Also, the list of payment methods include:

  • credit cards
  • debit cards
  • bank wire transfers
  • e-wallets
  • BPay
  • FasaPay
  • PaySEC.

In addition, this company also offers bonuses for referrals for friends, including the $100 addition for any new member that joins the IRESS platform.