fpmarkets

Broker Information

  • Company Name: FP Markets
  • Founded: 2005
  • Country: Australia

Platform Info

  • Platform: MT4, MT5, WebTrader, MobileTrader, IRESS
  • Web Based: Yes
  • Mobile Trading: Yes
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Broker Services

  • Regulators: ASIC
  • Minimum Deposit: $100
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Visa, MasterCard, Bank Transfer, Neteller, Skrill, China Union Pay, POLi, Fasapay, Pay Sec, B Pay

FP Markets Review

In fact, while FP Markets is one of Australia’s leading CFD and Forex brokers, the transaction is about much, much more. Basically, it offers a complete set of services related to commerce, not only for retailers, but also for other online trading startups and money managers.

Reputation

While the reputation of any broker is “impeccable”, FP Markets is undoubtedly the closest thing to what a 14-year operation could be. In general, the comments of the merchants we have seen have been enormously positive.

Over the years, the brokerage has accumulated no less than 35 awards, granted by various organizations and commercial media. These awards cover almost all operational aspects, from customer satisfaction to commercial execution and the actual costs involved, and, therefore, offer a fairly accurate picture of the place of FP Markets in the commercial industry.

In addition to their experience and the appreciation of various industry authorities, the VET markets are appreciated by the public for the transparency that defines the corporate background of the operation, as well as the price creation process. The wide range of markets covered by the brokerage should also be mentioned: more than 10,000 assets can be used to trade in various ways.

The company behind FPmarkets.com is First Prudential Markets Pty Ltd, a registered Australian company, that provides all the legal documentation about its identity and its activity, through the About us section of the FP Markets site. They are regulated by ASIC (Australian Securities & Investment Commission) in Australia, which has a historically sound corporate governance culture. Customer funds are not only kept separate from the company’s funds, in the segregated client fiduciary accounts, ASIC requires that all funds be reconciled every day. Therefore, in the unlikely event that there is a problem with the company, the client funds will be kept separate (and protected) so that the funds can be returned to the clients.

In the legal documentation mentioned above, the issue of conflicts of interest is also addressed, although there are not many details provided in this regard.

The central office of FP Markets (First Prudential Markets) is located at Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000, but the company also has offices in London and Shanghai. There is an obvious focus on global markets with great expansion in recent years.

FP Market Review

FP Markets’ Products

This is where things become serious with FP Markets, since that is where it is revealed that we are dealing with much more than a simple brokerage, although even in that respect, the site is really very solid.

When it comes to retailers, there are two main categories of products on offer: CFDs and Forex trading.

Originally known for its Equity CFD offering, the company has certainly become much more. Now they are a true full service destination. Traders can access more than 10,000 negotiable instruments with CFDs in currencies, stocks, futures, commodities and cryptocurrencies. The site has “global access” for the CFD section, and in this case, that is the perfect way to describe the situation.

Forex covers an attractive selection of 45 currency pairs, and although most traders choose MT4 as their platform, Forex can be traded in IRESS. The FP markets also have some products for intermediaries and money managers. For the first of these two categories, obviously we are talking about the White Label program that runs brokerage. There are two types of accounts available to Forex traders; Standard and raw.

The CFD trade is hosted on the IRESS platform, which is web based and is different from MT4. It was recently updated and now offers some of the best graphics tools and indicators in the market. IRESS has a little cult among Equity CFD operators. There are three types of different accounts available to CFD traders; Professional, Platinum and Premier.

The trading of shares appears as a separate category here and there on the site, but it should be clear that these are CFDs based on shares and not trading that involve the actual purchase of shares.

For money managers, MAM / PAMM accounts are potentially very useful. Through them, they can manage several clients in different commercial accounts, establishing individual loss limits and profit objectives for each of the accounts in question. The MAM / PAMM accounts offer access to all the more than 60 negotiable assets through the MT4 platform.

Trading Platforms

Two main trading platforms are presented, for the two main classes of products detailed above. Each platform has total mobile and tablet accessibility.

Forex traders will enjoy the familiarity of MT4 and MT5, but the FP Markets versions have a bit more. Their spreads often range from 0.0 pips and there are leverage options of up to 500: 1. All trading is done through an ECN (electronic communication network) that offers very fast execution. An ECN also offers operators full transparency, so this broker does not guarantee the trading desk, nor the price manipulation nor the new quotes.

The technical analysis capabilities of MT4 are well known and, in this case, we have more than 50 technical indicators already included in the package, with the possibility of installing more. The Expert Advisory section of the platform is very popular, and to execute such EAs properly, operators need access to a reliable VPS service, which FP Markets offers without delay. MT4 also comes with one-click trading, several alert functions and trade signals.

CFD trading is done through the IRESS platform, more precisely through the platform’s latest iteration of Iresstrader, which features state-of-the-art graphics technology and a surprisingly massive selection of analytical instruments.

In addition to all of the above, merchants can choose from a large selection of time frames and can fully customize their graphics. Templates can also be saved for later use.

As for the MT4 platform, there are no surprises here. The technical analysis capabilities of this platform are well known and also in this case, we have more than 50 technical indicators already included in the package, with the possibility of installing more. The Expert Advisory section of the platform is very popular, and to execute such EAs properly, operators need access to a reliable VPS service, which FP Markets offers without delay.

MT4 also comes with one-click trading, several alert functions and trade signals.

FP Market Review

FP Markets Account Types

As stated earlier, in terms of Forex, FP Markets offers two types of accounts. The most economical is the standard account, which requires a minimum deposit of only AUD / EUR / USD100. For that money, traders will obtain spreads from 1 pip and a maximum leverage of 1: 500.

The ECN unprocessed account offers spreads from 0 pips, a maximum leverage of 1: 500 equally generous and the same STP commercial execution. To open such an account, operators must deposit at least AUD 1,000.

A Demo account is also available on the MT4 platform.

On the CFD front, the account situation is a bit more crowded. Three types of accounts are offered here, starting with the Professional, which requires a deposit of $ 1,000. This type of account is riddled with all kinds of charges, most of which are exempt, however, as long as the merchant reaches certain monthly commission goals. However, commissions and margin rates are decent.

For better commissions and margins, operators can use the Platinum account, which requires a deposit of $ 25,000.

The Premier account is the first level account version. It has all the rates mentioned exempt by default. Aimed at professional operators, this type of account is free of brokerage charges and platform fees.

FP Markets Support

The easiest way to contact FP Markets support is through the live chat feature, which can be accessed with a click from the home page. Apart from that, there are two telephone numbers available: 1300 376 233 for Australians and +61 (0) 2 8252 6800 for non-Australian residents. The Chinese branch of the operation also offers an email address: service@fpmarketsasia.com.

Conclusion

FPmarkets.com is a serious commercial destination for retail and institutional players alike. Spreads are competitive, and for active traders, the various additional rates are not a problem either. Licensed and regulated by ASIC, FP Markets has existed for 14 years.

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

 

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