FP Markets Review

Offers multiple asset classes, platforms, and regulated in a variety of regions. Caters for a global audience. Awarded with the Highest Overall Customer Satisfaction Award for 5 years running - Investment Trends CFD Report 2015.

FP Markets Tradable Assets

FP Markets allows trading over 10,000 financial instruments suitable for traders of all needs, experience levels, and trading behavior. The major assets provided by the platform are listed below.

• Stocks

  At FP Markets, you can trade over 10,000 stocks that cover a wide range of sectors including pharmaceuticals, aviation, tourism, and Big Tech. For example, Heineken, Adidas, Bayer, Vodafone, Adobe, Amazon, Apple, eBay, Facebook, Netflix, PayPal, Coca-Cola, etc. are available on the platform.

• Commodities

  1234

• Forex

  The broker offers 60+ FX pairs in all the major currencies including USD, EUR, GBP, JPY, CHF, AUD, and CAD. In addition, you can trade a range of less popular currencies such as NZD, HUF, ZAR, PLN, TRY, MXN, SGD, NOK, SEK, and DKK.

• ETFs

  1234

• Indices

  FP Markets offers traders 19 the most popular indices such as US30, FRA40, UK100, US500, AUS200, EURO50, GER30, HK50, JP225, SPA35, US100, CHINA50, VIX, and USD Index.

• Crypto

  You can trade Bitcoin (BTC), Litecoin (LTC), Ripple, Ethereum (ETH), and Bitcoin Cash (BCH) on the platform.

Please note that the above securities were correct as at the time of publication.
Since then it is likely the above list has evolved.

How Much Leverage does FP Markets provide?

FP Markets offers leveraged CFD trading in a number of products including forex and CFDs in shares, commodities, metals, indices, and cryptocurrencies. However, the amount of leverage offered will vary depending on the financial instrument, position size, and account type. The maximum leverage on the platform is 500:1.

Does FP Markets accept US clients?

Is FP Markets regulated and are my funds protected?

One of the primary goals of FP Markets is to be a trustful and reliable broker. Therefore, the company is licensed by the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe. Moreover, it is a registered company of St. Vincent and the Grenadines. Additionally, FP Markets has an external independent auditor, BDO Australia, to ensure compliance with their regulatory obligations.

To ensure the safety of clients' funds, the company holds them in Australian banks with an AAA rating. Besides, the money is kept in segregated accounts away from the company's own funds. Equally important, clients are protected from negative account balances as they can get a €20,000 refund according to CySEC rules.

Account Opening

Account opening process on FP Markets is fast and done in three simple steps. First, you must choose an account type and complete an application form. You will have to provide your full name, phone number, email, country of residence, and address. In fact, you can also sign up using your Facebook or Google accounts. Second, verify your identity by uploading scans of the relevant documents. Finally, fund your account and start trading.

Users can deposit through a wide range of payment methods, such as credit cards, debit cards, e-wallets, and bank wire transfers. The list of available e-wallets includes Neteller, Skrill, PayPal, Sofort, Perfect Money, Giropay, etc. Besides, the company accepts broker-to-broker transfers. The minimum deposit is $100 AUD or the equivalent of that sum.

Account Closing Process

To close your FP Markets trading account you need to send a request to the support team from your registered email address. Don't forget to make a full withdrawal via Secure Client Portal before doing this. You can withdraw funds using your funding methods while the processing takes 1-2 business days.

Features

The FP Markets platform provides a great number of impressive features to make trading as easy as possible. Some of them are listed below.

• Social trading. This feature allows you to find, follow experienced traders and copy their trading strategies.
• Stop-loss orders. This feature minimizes your losses. Once your trading reaches the set values, the platform will close it immediately.
• Risk Calculator. This tool allows calculating position sizes in line with the amount you will trade.
• AutoTrade. This is a tool that aims to copy a wide selection of trading systems directly into your trading account.
• Alarm Manager. This tool allows setting up more sophisticated alarms. For instance, news alerts.
• ECN Pricing. This feature ensures that orders are executed with the most competitive prices that come directly from liquidity providers.
• Standard account. This is a basic account for trading Forex, commodities, and indices. It offers spreads from 1.0 pips and zero commissions.
• Corporate account. Companies that want to participate in trading must provide their Legal Entity Identifier, certificate of incorporation, and memorandum of articles of association.
• Professional account. Professional clients can benefit from increased leverage of up to 1:500, negative balance protection, and referral incentives. In addition, they get a personal account manager.
• Islamic account. This is a swap-free account for Muslim clients. Specifically, they get 5 nights free of any admin charges on the majors.
• Raw account. This type of account requires a $100 AUD minimum deposit and charges $3 commission per lot (each way). However, the spreads start from 0.0 pips.

Commission and charges

Usability

To place a trade on the FP Markets platform you need to follow a few simple steps. First, choose a trading platform. Second, choose a market. Then pick an instrument you wish to trade in the Market Watch Window and decide what to do with it. Finally, double-click on it, and you are able to make your order.

FP Markets offers the following trading platforms:

• Iress. This is a comprehensive platform with advanced functionalities. In fact, it was designed for CFD trading in the first place. The platform provides access to genuine exchange pricing and orders in the queue, a wide range of time intervals, multiple portfolio management, and real-time news. Specifically, you can utilize 59 technical indicators in global markets and 50+ drawing tools on it.
• MetaTrader 4 (MT4). This platform offers one-click trading, MarketWatch, Expert Advisors, live price streaming, and customizable alerts. One of the major features of MT4 is AutoTrade, which allows copying systems directly into your account. Also, you can choose from 3 chart types, 9 timeframes, 24 analytical objects, and 60+ indicators from chart providers.
• MetaTrader 5 (MT5). In a nutshell, it is an all-in-one trading platform. It offers 6 pending stop order types, Expert Advisors, ECN pricing, and trading robots for scalpers. Besides, you get 21-time frames, 80+ technical indicators, and 44 analytical objects.
• Mobile Platform. This one gives full account access from the palm of your hand.

Does FP Markets Offer Demo Accounts?

FP Markets offers clients a demo account option. It allows traders to learn about trading fundamentals and develop their own trading strategies in a risk-free environment without making an initial deposit. Furthermore, users can select the base currency of their demo account and set the number of funds added to it. In addition, traders can select their trading platform along with the type of account.

Please note that if you do not use your demo account for more than 30 days it will automatically expire.

What Are FP Markets's Opening Hours?

The trading week on FP Markets starts on Monday at 00:02 and closes on Friday at 23:57. However, trading hours and days are determined by the type of instrument and market. For instance, cryptocurrencies are available 24/7, and metals are traded daily from 01 am to 23.59 pm. You can trade European and UK stocks daily from 10.00 to 18.30 while the Forex market is accessible 24 hours a day, 5 days a week due to the overlap in the trading times of the major sessions. Indices are traded daily, but the hours depend on an asset. In addition, holidays and other events affect the trading of specific instruments.

Customer Services

On FP Markets, the dedicated multilingual customer support team is available 24/7. Specifically, users can get assistance in 12+ languages, so there is no need for interpreting services. You can reach the team using a variety of methods such as live chat, phone, and email. They answer calls around the clock, from Sunday 22:00 to Friday 22:00 (GMT). You can also contact them via the company’s social media accounts, such as Facebook, Twitter, and Instagram. In addition, you can fill out the Callback Request Form and one of the team members will contact you.

Does FP Markets Provide Mobile Trading?

FP Markets allows trading from the palm of your hand with its mobile application. You can download it from App Store or Google Play. In fact, you get 24/7 access to all products from one convenient app through one account.

Does FP Markets Provide Trading Education?

FP Markets provides a wealth of materials for those looking to learn how to trade. The FP Academy is filled with courses, podcasts, video tutorials, ebooks, and webinars. On top of that, the broker offers a complimentary newsletter subscription.

Equally important is the YouTube channel of FP Markets with education materials, daily market analysis, optimization tips, and market reports. Best of all, platform tutorials, training videos, and webinars are available in multiple languages. In general, regardless of their experience, anyone can find useful information to help them make informed decisions about each trade.

Frequently Asked Questions (FAQs)

Is Markets.com legal?

Yes, it is licensed by financial authorities in Australia and Cyprus.

Does FP Markets offer guaranteed stop losses?

No, since it offers ECN pricing all orders are filled at the first available price in the market.

Is my money safe?

Client funds are held in segregated AAA-rated Australian bank accounts separate from the company's own funds.

Does FP Markets offer negative balance protection?

Yes, but it only recovers funds from CFD trading accounts.

Is FP Markets good for beginners?

It is a well-regulated broker with education, demo account, choice of platforms, and a good trading environment suitable for newbies.

Conclusion

FP Markets can be considered as a well-trusted and safe platform with a wide variety of trading options that may fit users with any level of experience. Their multilingual support team is ready to help users practically at any time of day and night which may also be considered as a solid advantage. Moreover, a robust set of educational materials can help newbies start their journey by supporting them with helpful lessons.

On the other hand, the platform comes with a list of specific drawbacks as well. The overnight charges that they impose on their users, the lack of ETF trading, the inability to protect your account with 2-factor authentication, and a relatively limited range of indices and commodities available for trading may serve as a stop-factor. Another key disadvantage is that the platform doesn’t accept US users and deprives itself of a big chunk of potential customers.