FP Markets Reviews Read Customer Service Reviews of fpmarkets com

FP Markets enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients. Saxo Markets offers a better spread limefx website on the AUD/USD pair at 0.9 pips, which is slightly tighter than FP Markets’ 1.2 pips. However, FP Markets holds its ground with tight spreads in other pairs, such as EUR/GBP and EUR/JPY.

Award-Winning Trading Platform

FP Markets offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options. FP Markets offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4)  or MetaTrader 5 (MT5). FP Markets offers an extensive range of over 10,000 tradeable products across various asset classes https://limefx.biz/ including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. If you live in Australia, you also have the option of opening an IRESS trading account. While designed for stocks, other selected CFD products are also available on the platform.

FP Markets Fees

However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, FP Markets demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. First Prudential Markets (popularly known as FP Markets) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry.

Advanced Trading

1. My tests showed that the range of instruments is particularly strong in indices, shares, and commodities, while forex and cryptocurrencies are closer to the industry average.
2. Konstantinos i have received a superb assistance thanks fp markets and your support team.
3. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading.
4. Besides the build-in MT4 copy trading functionality, FP Markets partnered with Myfxbook Autotrade, also available from within the MT4 trading platform.

Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered Highly Trusted, with an overall Trust Score of 99 out of 99. FP Markets is considered Trusted, with an overall Trust Score of 87 out of 99. 20-year CFD industry veteran FP Markets has carved out a niche for itself providing the resources and trading conditions demanded by experienced traders. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.

Over the years we’ve conducted thousands of hours of research, crafted tens of thousands of words, spoken at the biggest global Forex expos, and developed proprietary algorithms and powerful tools. FP Markets provides a good combination of insightful fundamental and technical coverage from in-house analysts along with practical trading ideas from third-party Autochartist and Trading Central. FP Markets’ in-house analysts provide high-quality coverage of major market events like central bank meetings and major economic releases. Available leverage differs according to the asset class, with the most leverage available for CFDs on forex and the least for CFDs on crypto. As an FP Markets Pro Account holder you will waive certain protections. Among these, you will not be entitled to the protections afforded to retail clients under the Corporations Act 2001.

FP Markets operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Yes, FP Markets accepts retail forex traders from Canada, but do not accept clients from the United States (US). For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. FP Markets offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. Whether using iOS or Android devices, FP Markets ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible.

The safety level varies depending on the entity with which you open an account. Engaging with an unregulated offshore entity involves risks, whereas holding an account with a CySEC or ASIC-regulated entity is considered relatively safe. By default, all ASIC-regulated brokers are market makers, but FP Markets deploys a no dealing desk (NDD) execution model. The account opening process at FP Markets follows well-established industry practices but requires some more data than many international competitors. From a customer support perspective, FP Markets delivers across the board.

FP Markets commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. When trading FP Markets commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. Based in Sydney, FP Markets is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation. Most of FP Markets’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at FP Markets, but without the research and educational content offered by industry leaders.

The back office makes it easy to request a withdrawal, which takes a few seconds. There are no internal withdrawal costs at FP Markets, but third-party charges may apply, dependent on the selected method. Processing times also depend on the chosen method, and FP Markets notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. Clients can access the trading tools from the back office of their trading account. FP Markets also maintains the MAM/PAMM module, enabling retail account management.

Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe. The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but FP Markets does not provide details about the auditor. Overall, FP Markets is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally.

Experienced and high-volume traders can also benefit from the lowest costs via a Raw Spreads account type. Rock-bottom fees, fast execution, and a diverse range of instruments allow FP Markets to meet the needs of experienced traders. These strengths are complemented by advanced features like automated trading and Direct Market Access along with award-winning research materials from Trading Central and Autochartist. All 4 FP Markets mobile apps are optimized for mobile phones and remain user-friendly. They are ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Given the relatively small screen, mobile apps are best for portfolio management rather than complex trade analysis, but MT4, MT5, and cTrader offer advanced, technical, analytical suites.

With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, FP Markets is a great choice for traders who wan to use MetaTrader. FP Markets’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

An introduction to charts and various technical indicators like MACD is also provided. The Australian entity of FP Markets does not currently offer a swap-free Islamic account. Likewise, for withdrawals, the range of methods, speed of processing, and absence of fees are better than the industry average. My tests showed that the range of instruments is particularly strong in indices, shares, and commodities, while forex and cryptocurrencies are closer to the industry average.

FP Markets offers MetaTrader 4 (MT4), while Interactive Brokers does not. Forex traders also appreciate the ability to engage in social copy trading. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

For international deposits, FP Markets goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, FP Markets will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. FP Markets also offers solid customer service and multiple funding options, making it a reliable choice for traders looking for a straightforward trading experience. Overall, FP Markets is a strong choice for traders of varying levels of experience.