If you’re searching for a reliable Forex and CFD broker, you might have come across FP Markets. In this FP Markets review, we’ll take an in-depth look at its features, trading conditions, fees, and overall reliability to help you decide if it’s the right broker for you.
FP Markets Overview
FP Markets is a well-established online broker founded in 2005, offering trading services in Forex, CFDs (Contracts for Difference), stocks, commodities, indices, and cryptocurrencies. The broker is regulated by top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
FP Markets is known for its tight spreads, fast execution, and advanced trading tools, making it a popular choice among both beginner and professional traders.
FP Markets Trading Platforms
FP Markets provides traders with multiple trading platforms to suit different trading styles:
1. MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
- Industry-standard platforms for Forex and CFD trading.
- Advanced charting tools, automated trading (Expert Advisors), and custom indicators.
- Available on desktop, web, and mobile (iOS & Android).
2. IRESS Trader
- A professional-grade platform for stock and CFD traders.
- Offers advanced order types, market depth, and real-time data.
- Ideal for scalpers, day traders, and institutional traders.
3. WebTrader & Mobile Apps
- Browser-based trading for convenience.
- Mobile apps for trading on the go.
Account Types
FP Markets offers different account types to cater to various trading needs:
1. Standard Account
- Spreads start from 1.0 pips.
- No commission on trades.
- Suitable for beginners and casual traders.
2. Raw ECN Account
- Ultra-tight spreads from 0.0 pips.
- Low commission fees ($3.5 per lot per side).
- Best for scalpers and high-volume traders.
3. IRESS Account
- Designed for stock and CFD traders.
- Three pricing plans (Standard, Platinum, Premier) with different commission structures.
Trading Instruments
FP Markets provides access to a wide range of markets:
- Forex: 60+ currency pairs (Major, Minor, Exotic).
- Indices: Trading on global indices like S&P 500, NASDAQ, FTSE 100.
- Commodities: Gold, Silver, Oil, Natural Gas.
- Stocks: Over 10,000+ shares from global markets (US, EU, AU).
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, and more.
Spreads & Fees
FP Markets is known for its competitive pricing:
- Raw ECN Account: Spreads from 0.0 pips + commission.
- Standard Account: Spreads from 1.0 pips, no commission.
- Swap-free accounts available for Islamic traders.
Compared to other brokers like IC Markets or Pepperstone, FP Markets offers similar low spreads but with additional research and educational tools.
Deposits & Withdrawals
FP Markets supports multiple funding methods:
- Bank Transfer (1-3 business days).
- Credit/Debit Cards (Visa, Mastercard – instant processing).
- E-Wallets (Skrill, Neteller, PayPal, etc.).
- Cryptocurrencies (Bitcoin, USDT).
No deposit fees, but some withdrawal methods may have small charges.
Leverage & Margin
Leverage varies based on regulation:
- ASIC-regulated accounts: Up to 1:30 (Retail clients).
- CySEC-regulated accounts: Up to 1:30 (Retail) or 1:500 (Professional).
High leverage can increase profits but also risks, so use it wisely.
Customer Support
FP Markets offers 24/5 customer support via:
- Live Chat (fast response).
- Email & Phone Support.
- Multilingual assistance.
Education & Research
FP Markets provides excellent educational resources:
- Webinars & Video Tutorials.
- Daily market analysis & news.
- Economic calendar & trading guides.
Pros & Cons of FP Markets
Pros:
✔ Regulated by ASIC & CySEC (Trusted broker).
✔ Tight spreads & fast execution.
✔ Multiple trading platforms (MT4, MT5, IRESS).
✔ Wide range of trading instruments.
✔ Good customer support & educational resources.
Cons:
❌ No 24/7 customer support.
❌ Higher commissions on IRESS accounts.
Final Verdict – Is FP Markets Worth It?
FP Markets is a reliable and competitive broker for Forex and CFD traders. With low spreads, fast execution, and strong regulation, it’s a solid choice for both beginners and professionals.
If you’re looking for a trusted broker with excellent trading conditions, FP Markets is definitely worth considering.
Open an FP Markets Account Today!
Visit FP Markets Official Website (Disclaimer: Trading involves risk).
This FP Markets review covers all the essential details to help you make an informed decision. Whether you’re a scalper, day trader, or long-term investor, FP Markets offers the tools and conditions needed for successful trading.
