FP Markets Broker Characteristics
| Feature | Description |
| Year of Foundation | 2005 |
| Regulation & License | Regulated by ASIC (Australia) and CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Iress |
| Available Assets | Forex, Stocks, Commodities, Indices, Cryptocurrencies |
| Account Types | Standard, Raw, Iress (Professional) |
| Minimum Deposit | $100 |
| Leverage | Up to 1:500 (depending on regulations) |
| Spreads | Starting from 0.0 pips (Raw account) |
| Deposit & Withdrawal | Bank transfers, credit/debit cards, e-wallets, crypto |
| Customer Support | 24/5 via live chat, phone, and email |
Advantages and Disadvantages of FP Markets
Before choosing FP Markets as a trading partner, it is important to consider both the strengths and potential drawbacks of the broker. While it offers excellent trading conditions, access to a wide range of assets, and strong regulation, there are some limitations that may not suit all traders. Below are the main pros and cons of trading with FP Markets.
Advantages of FP Markets:
- Tight Spreads & Low Fees: FP Markets offers competitive pricing with spreads starting from 0.0 pips on Raw accounts, making it ideal for cost-conscious traders.
- Multiple Trading Platforms: Traders can choose between MT4, MT5, and Iress, each providing advanced charting tools and execution capabilities.
- Strong Regulation & Security: The broker is licensed by ASIC and CySEC, ensuring a high level of trust and security for clients’ funds.
- Wide Range of Instruments: Access to forex, stocks, indices, commodities, and cryptocurrencies allows for diverse trading strategies.
- Fast Order Execution: Low latency and rapid trade execution help traders capitalize on market opportunities efficiently.
Disadvantages of FP Markets:
- Limited 24/7 Support: Customer service is available 24/5, which may not be ideal for traders who need assistance on weekends.
- Iress Platform Fees: While MT4 and MT5 are free, the Iress platform may come with additional fees, making it less accessible to budget-conscious traders.
- No Proprietary Trading Platform: Unlike some brokers that offer their own trading platforms, FP Markets relies on third-party solutions.
- Restricted Services in Some Regions: Certain countries may have limited access to FP Markets’ services due to regulatory constraints.
- Inactivity Fees: The broker may charge fees for dormant accounts after a period of inactivity.
How to Start Trading with FP Markets
Getting started with FP Markets is a straightforward process that involves registration, verification, and funding your account. The first step is to visit the official FP Markets website and click on the “Open an Account” button. You will be required to provide personal details, including your full name, email address, phone number, and country of residence. Next, you need to choose the account type that best suits your trading needs—whether it be the Standard, Raw, or Iress account.
Once your basic details are submitted, FP Markets will request identity verification, which involves uploading a copy of your passport, driver’s license, or other government-issued ID. Additionally, you will need to provide proof of address, such as a utility bill or bank statement, to comply with regulatory requirements. After your documents are verified, you can proceed to fund your account using one of the available payment methods, including credit/debit cards, e-wallets, bank transfers, or cryptocurrency deposits.
With your account funded, you can download and set up the trading platform of your choice—MT4, MT5, or Iress. Each platform offers various analytical tools, charting features, and execution methods to suit different trading strategies. Before placing real trades, new traders are encouraged to explore the demo account feature, which allows risk-free practice in a simulated trading environment.
Finally, you can begin trading by selecting your preferred asset, analyzing the market, and placing buy or sell orders. FP Markets provides market insights, educational resources, and technical analysis tools to assist traders in making informed decisions.
FP Markets is a reliable and well-regulated broker that offers competitive trading conditions, a wide range of assets, and multiple trading platforms. With its low-cost trading environment, fast execution speeds, and diverse account types, it caters to both novice and experienced traders. While there are some minor drawbacks, such as inactivity fees and limited weekend support, the broker remains a strong choice for those seeking a secure and feature-rich trading experience. By following the simple registration process and utilizing the available resources, traders can take full advantage of what FP Markets has to offer.