FP Markets Review

FP Markets, also known as First Prudential Markets, is an Australian-based ECN/STP forex and CFD broker founded in 2005. The company has established a strong reputation for providing traders with access to a wide range of financial instruments, competitive trading conditions, and high customer service.

One of the notable features of FP Markets is its multiple regulatory licenses, including ASIC (Australia) and CySEC (Cyprus), which ensure that the broker operates transparently and compliantly. This is important for traders who want to protect their investments and trade with a reputable and trustworthy broker.

FP Markets also offers traders access to a range of financial assets, including Forex, commodities, stocks, and cryptocurrencies, all of which can be traded on the popular MetaTrader 4 and MetaTrader 5 platforms. 

With competitive spreads, leverage of up to 1:500, and various account types, FP Markets is a popular choice for traders of all levels. Additionally, the broker offers a variety of educational resources, market analysis, and customer support options to help traders make informed decisions and confidently navigate the markets.

Supported Countries

FP Markets is a global brokerage firm committed to offering its services to clients worldwide. FP Markets accepts clients from most countries, with a few exceptions, such as the United States, Japan, Canada, and Iran. Clients from these countries cannot trade with FP Markets due to regulatory restrictions. However, the broker supports clients from other countries across the globe, including those in Europe, Asia, Africa, and South America.

FP Markets website and customer support are available in several languages to cater to its diverse client base. The supported languages include English, Arab, Vietnamese, Indonesian, Spanish, Italian, Chinese, Malay, Portuguese, and Russian.

FP Markets is firmly committed to delivering personalized services to clients worldwide. Whether you are a novice or an experienced trader, the broker provides a user-friendly platform that caters to your trading needs. With the support of multiple languages, clients can access various trading resources, including educational materials, market insights, and analysis, to make informed trading decisions.

Customer Service Rating

FP Markets has received a 4.8 out of 5 rating based on over 4,431 reviews on Trustpilot. This high rating is a testament to the broker's exceptional customer service, which is available in multiple languages to clients in over 150 countries.

Many positive FP Markets reviews praise the broker for its wide range of trading instruments and generous leverage, as well as its simplified registration process and user-friendly interface. The broker also offers industry-standard withdrawal processes, ensuring clients can easily access their funds.

FP Markets is committed to ensuring the best user experience for its clients. The broker's customer support team is available 24/5 to assist with any inquiries or issues, demonstrating its dedication to providing top-notch customer service.

FP Markets Trading Platforms

FP Markets offers a range of trading platforms, including:

• MetaTrader 4: FP Markets offers the popular MetaTrader 4 platform, which is well-regarded in the industry for its stability and user-friendly interface. Traders can access various technical analysis tools, charting capabilities, and automated trading options, all designed to enhance the trading experience. The platform is available for desktop and web versions, and traders can also access it via mobile devices, making it a flexible option for those who prefer to trade on the go. 

• MetaTrader 5: FP Markets also supports the more advanced MetaTrader 5 platform. This platform is known for its enhanced features, including more extensive technical analysis tools, advanced order types, and improved backtesting capabilities. Like MetaTrader 4, the MetaTrader 5 platform is available for desktop, web, and mobile devices.

• MetaTrader 4 Mobile: For traders who prefer to trade on mobile devices, FP Markets offers the MetaTrader 4 Mobile app. The app is available for both iOS and Android devices and provides full access to the MetaTrader 4 platform's features, including charting, trading, and analysis tools. The FP Markets review was reviewed by clients, who appreciate its ease of use and reliability.

• MetaTrader 5 Mobile: FP Markets also supports the MetaTrader 5 Mobile app, which is available for both iOS and Android devices. Like its desktop counterpart, the MetaTrader 5 Mobile app is known for its advanced features and improved functionality. Traders can use the app to access various technical analysis tools, place orders, and monitor their positions in real time. 

Type of Trading Accounts on FP Markets

FP Markets offers a range of trading accounts to cater to the diverse needs of traders. Each account type has unique features and benefits, ensuring traders can choose an account type that suits their trading goals and preferences.

• Unlimited Demo Accounts: FP Markets offers unlimited demo accounts for traders who want to test their trading strategies in a risk-free environment. This is an excellent opportunity for beginners to practice their trading skills without risking their money. The demo account is equipped with all the tools and features of the live trading account, making it an excellent learning platform.

• Standard Accounts: FP Markets' Standard Account is designed for traders who prefer to trade with variable spreads. This account type offers access to over 10,000 trading instruments, including Forex, indices, commodities, and shares. The minimum deposit requirement for this account type is $100, making it accessible to traders with different budget sizes.

• ECN Accounts: FP Markets' ECN Account is an excellent choice for advanced traders who require fast trade execution and tight spreads. This account type offers access to over 60 currency pairs and comes with a commission charge of $6 per lot. Traders on this account can also enjoy the benefits of negative balance protection.

• Swap-free Accounts: FP Markets offers swap-free accounts for traders who follow Islamic principles. This account type is free from swap fees; no interest is charged for holding positions overnight. This account type also offers access to all the trading instruments available on the Standard Account.

• VIP Accounts: First Prudential Markets' VIP Account is designed for high-volume traders who require personalized trading services. This account type offers access to a dedicated account manager, free VPS hosting, and tighter spreads. The minimum deposit requirement for this account type is $50,000.

• Segregated Accounts: FP Markets offers segregated accounts for traders who want to separate their trading funds from the broker's funds. This account type provides an extra layer of security for traders and ensures that their funds are safe. The minimum deposit requirement for this account type is $25,000.

Trading Denominations on FP Markets

FP Markets offers a wide range of trading denominations for traders to choose from. Traders can deposit funds and trade on the platform using their preferred currency, making it convenient for traders from different countries. The trading denominations available on FP Markets include USD, EUR, GBP, AUD, SGD, CHF, JPY, CAD, HKD, and NZD.

This variety of trading denominations ensures that traders can avoid currency conversion fees and save money on trading costs. Additionally, the platform allows traders to switch between different currencies, making it easy for them to take advantage of currency fluctuations.

Multiple trading denominations are advantageous for traders who travel frequently or reside in different countries. They can easily deposit and withdraw funds in their local currency without worrying about currency conversion fees or exchange rates.

Company Structure

First Prudential Markets Pty Ltd, trading as FP Markets, is a global financial services provider with headquarters in Australia. The company offers a range of trading instruments across multiple asset classes and serves both retail and professional clients worldwide, excluding US clients due to regulatory restrictions.

FP Market is authorized and regulated by the Australian Securities and Investments Commission (ASIC). FP Markets offers its services to retail and professional clients, providing them access to various trading instruments, including Forex, commodities, indices, and cryptocurrencies.

One factor that makes FP Markets stand out is its competitive trading conditions, including tight spreads, fast execution, and low fees. This has earned the company positive feedback from traders, as seen in FP Markets reviews and FPMarkets reviews online in Trustpilot. 

Traders also appreciate the fact that the company offers various trading platforms, including the popular MetaTrader 4 and 5, as well as its proprietary Iress platform, which provides advanced charting and trading tools.

Regarding FP Markets US clients, the company does not currently accept clients from the United States due to regulatory restrictions. However, FP Markets continues to expand its global presence and offers its services to traders from various countries worldwide.

FP Markets Customer Protection 

FP Markets prioritizes customer protection, employing various measures to safeguard clients' funds, data, and personal information. These measures include financial security, cybersecurity, and customer support.

To protect client funds, FP Markets segregates client funds from operational funds and holds them in separate accounts with top-tier banks. The company also maintains adequate capital reserves to cover unexpected losses or market volatility. Additionally, the company complies with regulatory requirements, ensuring client funds are always safeguarded.

In terms of cybersecurity measures, FP Markets uses advanced encryption and firewall technologies to secure all data and transactions on its platforms. The company's IT infrastructure is robust, and it has invested in a team of IT professionals to monitor and update the systems regularly.

Trading Information

FP Markets offers diverse trading instruments and flexible deposit/withdrawal options for convenient and accessible trading.

Tradable Instruments

• 70+ Cryptocurrencies

• 5+ Bitcoin, Litecoin, Ethereum

• 15+ Gold, Silver, Other Precious Metals, Stocks, Bonds, and Oil.

• 10+ stock indices, including the ASX 200, NASDAQ 100, and FTSE 

FP Markets Leverage

FP Markets offers leverage up to 500:1 for forex trading and up to 200:1 for other trading instruments such as indices, commodities, and cryptocurrencies. Using leverage can amplify profits but also magnify losses, so traders must manage their risk accordingly. 

FP Markets also provides negative balance protection, ensuring traders cannot lose more than their account balance.

Deposit and Withdrawal

Deposit 

FP Markets offers a range of convenient and secure methods for depositing funds into your trading account. You can choose from bank transfers, credit/debit card payments, and various e-wallet options such as Neteller, Skrill, and Fasapay. 

The minimum deposit requirement for most account types is $100, except for the professional account, which requires a higher minimum deposit.

Withdrawal

FP Markets also provides easy and hassle-free withdrawal options for traders. You can withdraw funds through bank transfers or e-wallets, and the processing time may vary depending on the chosen method. 

Generally, withdrawals are processed within 1-2 business days. You can only withdraw funds to a bank account or e-wallet that is in your name.

FP Markets Trading Education and Training

FP Markets offers comprehensive trading education and training to help traders improve their skills and achieve their trading goals. Here's what you need to know:

• Educational Resources: FP Markets provides a range of educational resources for traders, including eBooks, video tutorials on YouTube, webinars, and trading guides. These resources cover various topics, from basic trading concepts to advanced strategies, and are designed to help traders of all skill levels improve their knowledge.

• Trading Seminars: FP Markets hosts regular trading seminars and events for traders. These seminars allow traders to learn from industry experts and network with other traders. Seminars cover various topics, including trading psychology, risk management, and technical analysis.

• Trading Courses: FP Markets offers a range of trading courses for traders who want to take their skills to the next level. These courses cover various topics, including Forex trading, technical analysis, and trading psychology. Traders can choose from multiple classes based on their skill level and trading goals.

FAQs

Is FP Markets a scam?

FP Markets is a reputable and regulated forex broker with over 18 years of experience in the industry. Based on all FP Markets reviews and its regulatory compliance, it is safe to say that FP Markets is not a scam.

How do I open an AMarkets forex trading account?

To open an FP Markets forex trading account, visit the FP Markets website 

Conclusion

FP Markets is a reputable and well-regulated online forex and CFD broker that offers a range of trading accounts to suit traders of all levels and budgets. The broker's competitive trading conditions, including tight spreads, fast execution speeds, and negative balance protection, make it an attractive choice for traders. 

The availability of various trading platforms, including the popular MetaTrader 4 and 5 platforms, adds to the broker's appeal. 

FP Markets also strongly emphasizes trader education and training, with a range of resources available to help traders improve their skills and knowledge. The broker's customer service team is responsive and helpful; clients can reach out to them via multiple channels.