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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

3.8
/ 5

FP MARKETS review

Updated on Mar 25, 2024
|
11 mins read

Overview

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...
See full overview for FP MARKETS
Countries
Devices
Minimum deposit
100$
Max insured
1000$
Our Verdict
3.8
/ 5
Commissions & Fees
3.5
/ 5
Deposit & Withdrawal
3.6
/ 5
Customer Support
4.4
/ 5
Account Opening
2.7
/ 5
Regulation & Safety
4.8
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • A wide range of assets is offered, including forex, commodities, stocks, and cryptocurrencies

  • Competitive spreads and commissions on different account types

  • High leverage of up to 1:500 available

  • Multiple platforms available, including MetaTrader 4 and 5

  • Responsive customer support available through email, phone, and live chat

Cons

  • Trading restrictions for clients from certain countries, including the United States, Japan, Canada, and Iran.

  • Limited educational resources compared to some other brokers.

  • Inactivity fee charged after 6 months of inactivity on the account.

  • Limited deposit and withdrawal options compared to some other brokers.

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
ECN accounts
Swap free accounts
Segregated accounts
VIP accounts
Execution Model
DMA
Deposit currency
USD
EUR
GBP
AUD
SGD
NZD
CHF
JPY
CAD
IDR
CNY
Regulatory complience
ASIC
CySEC
FSA (SV)
SIBA
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Greek
Indonesian
Spanish
Italian
Malay
Romanian
Thai
French
Japanese
Autotrading
MQL.5 Signals
Contact details
[email protected] +61 2 8252 6800

Customer reviews

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Accounts

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.
RAW - FP Markets
Swap-free account
Availability of a VIP account
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
NZD
RUB
HKD
SGD
TRY
CZK
Trading instruments
Forex
1:500
Number of currency pairs: 44
ARS
DKK
AUD
BGN
CAD
CHF
CZK
EUR
GBP
HKD
HUF
ILS
JPY
MXN
NOK
NZD
PLN
RUB
SEK
SGD
THB
TRY
USD
ZAR
BBD
RON
CNY
UAH
AED
BHD
EGP
HRK
INR
IQD
ISK
JOD
KWD
LBP
OMR
QAR
SAR
MAD
MYR
PHP
1:500
1:500
1:100
Cryptocurrencies
Stop Out
50%
Minimum position size
50 lots
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Locked Margin Level
0.01 lots
Commission
AUD 3.5
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Standard - FP Markets
Swap-free account
Availability of a VIP account
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
CTRADER METATRADER 4 METATRADER 5
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
HKD
SGD
TRY
PLN
CZK
Trading instruments
1:500
1:500
1:100
Cryptocurrencies
Stop Out
50%
Minimum position size
0.01 lots
Maximum position size
50 lots
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Commission
$3
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Tradable instruments

Tradable instruments on FP Markets trading platforms include:

Cryptocurrencies
70
Stocks
15
Bonds
15
Indices
10
Frequently asked questions

Find the right answer to your question below.

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 FP Markets forex trading account?

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

FP MARKETS compared with alternative brokers

To see the full broker review click «See review», to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
  • 3.8
    / 5
  • 3.6
    / 5
  • 100$
  • 1:500
  • 3.5
    / 5
  • N/A
  • N/A
  • 4.8
    / 5
  • 3
  • No
  • See review
EXNESS
  • Specialized trading accounts
  • 4.9
    / 5
  • 4.9
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • $0
  • $0
  • 4.6
    / 5
  • N/A
  • No
  • See review
FXPRO
  • 24/7 instant money withdrawal
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • N/A
  • N/A
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
FOREX.COM
  • Specialized trading accounts
  • 4.2
    / 5
  • 4.5
    / 5
  • 100$
  • 1:50
  • 4
    / 5
  • N/A
  • N/A
  • 4.5
    / 5
  • NFA
  • Yes
  • See review
  • 3.9
    / 5
  • 4.1
    / 5
  • N/A
  • N/A
  • 3.7
    / 5
  • N/A
  • N/A
  • 3.9
    / 5
  • N/A
  • Yes
  • See review
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