FP Markets Review 2024 | Is FP Markets a Scam or Legit Forex Broker?
  Join over 3500 happy   users!Find firm   Best firms   Coupons   $

Top alternative : OspreyFX


Is FP Markets safe? Yes FP Markets is a safe and secure broker. However, No broker is perfect, and FP Markets is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to FP Markets. So which brokers are better than FP Markets? Want to jump straight to the answer?

View alternatives

Read our FP Markets review to find out if FP Markets is a scam or a reliable forex broker. Unbiased Forex brokers reviews that serve the interests of our users.

FP Markets Review and Analysis

Overview

FP Markets ReviewFP 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 fees and commissionsFP 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!}FP Markets customer supportYou 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 trading platformFP 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 Deposit and WithdrawalFP 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

FP Markets customer supportYou 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.

Broker's Features FP MARKETS Availability
Commissions
Hedging
PAMM
Scalping
Accepts US traders
24 hour trading
Swaps
Demo account
Daily analysis
Automated trading
Mobile trading
Trading by phone
1st deposit bonus
Forex contests competitions
Bonuses Promotions
Interest charges on the balance
Free education
Expert advisors
Partnership programs
Trust management
24 hour support

People Also Asked

Is FP Markets regulated?
Yes, FP Markets is regulated by top-tier regulators, ASIC inclusive.
Where is FP Markets based?
FP Markets is based in Sydney
How does FP Markets make money?
FP Markets charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in FP Markets account?
With FP Markets you can deposit money via the following means; Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney.
How do I withdrawal in FP Markets account?
FP Markets lets you request a withdrawal of funds from your account via the following means; Credit Card, FasaPay, Neteller, PayPal, Skrill, Wi.
What is the minimum deposit for FP Markets?
FP Markets has $100 minimum deposit.
What are the available account base currencies with FP Markets?
FP Markets trading accounts are offered in USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FP Markets?
FP Markets has a maximum leverage is 1:500 for professional traders.
Does FP Markets use MetaTrader?
FP Markets platforms: Yes, FP Markets use MetaTrader as well as the following platforms: MT4, MT5, WebTrader and IRESS
What type of broker is FP Markets?
FP Markets appears to be a ECN, STP broker which offers market access to a variety of traders.
Does FP Markets accept US clients?
No, FP Markets does not accept US clients
Does FP Markets offers Islamic accounts?
No, FP Markets does not offer Islamic accounts
What financial instruments can I trade?
You can trade a wide variety of instruments with FP Markets: You can trade a wide variety of instruments with FP Markets: IRESS DMA Equities 10,000+

Are you Satisfied with what They Offer?