FP Markets Review 2024 | Is FP Markets a Scam or Legit Forex Broker?

FP Markets Review and Analysis

Overview

FP Markets is an Australian online brokerage firm that is regulated by ASIC. FP Markets offers clients with true ECN spreads on its sophisticated platforms.

Investor Protection & Regulations

FP Markets compliance with ASIC regulatory requirements ensures that investors are adequately protected.

Tradeable Products

FP Markets provides access to over 10,000 trading instruments most of which are equity CFDs obtainable across different global exchanges.

Fees and Commissions

FP Markets has low forex fees, doesn't charge an inactivity fee, and offers low financing rates. On the negative side, the fees for stock CFDs are high, it charges a high fee for bank withdrawal, and the financing rate calculation is non-transparent.{!EDUCATION_RESEARCH!}FP Markets has a well-organized online training resource centre with a trading course, ebooks and 97 video lessons for all levels of trader.{!EDUCATION_RESEARCH!}Several bonuses are available at FP Markets including 10% credit bonus and a refer a friend bonus.{!CUSTOMER_SUPPORT!}You can contact FP markets in many ways, including telephone, live chat, and e-mail. It's also a great customer supports more local languages. However, both telephone support and live chat can be improved, and there is no 24/7 availability.{!CUSTOMER_SUPPORT!}{!NUTSHELL!}FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and doesn't charge an inactivity fee. The account opening is fast and easy. Many educational tools offered and they have high-quality as well. On the negative side, the stock CFD fees are high, the product portfolio covers only CFD, forex, crypto, and stocks from ASX. It does not provide any investor and ne

Trading Platform

FP Markets web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.FP Markets has a great mobile trading platform, offered by MetaTrader. It is well designed and user-friendly. On the flip side, it lacks the two-step login.

Account Types

The account opening at FP Markets is user-friendly and fully digital. It is also very fast, it took only 1 day until our account was approved. However, you need to have at least $1,000 account balance for CFD and stock account types.

Deposit and withdrawal

FP Markets offers a great variety of deposit and withdrawal options. From credit card through bank transfer, till electronic wallets almost everything as available. The main disadvantage is that FP Markets charges the withdrawals, except credit card and domestic bank transfers.

Usability

Relevant awards showcase the positive trading experience of clients of FP Markets.

Customer Support

You can contact FP markets in many ways, including telephone, live chat, and e-mail. It's also a great customer supports more local languages. However, both telephone support and live chat can be improved, and there is no 24/7 availability.

Education and Research

FP Markets has a well-organized online training resource centre with a trading course, ebooks and 97 video lessons for all levels of trader.

Overall Conclusion – Final Thoughts

FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and doesn't charge an inactivity fee. The account opening is fast and easy. Many educational tools offered and they have high-quality as well. On the negative side, the stock CFD fees are high, the product portfolio covers only CFD, forex, crypto, and stocks from ASX. It does not provide any investor and negative balance protection.