Introduction

FP Markets is an Australian-regulated global CFD and Forex broker, established in 2005. Known for offering a comprehensive suite of trading instruments, highly competitive pricing, and advanced trading platforms, it has garnered a strong reputation among traders worldwide. The broker aims to provide an optimal trading environment characterized by fast execution, tight spreads, and robust customer support, catering to both retail and institutional clients.

Key Features

• Regulatory Compliance: FP Markets is regulated by multiple reputable authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a high level of client fund security and operational transparency.
• Wide Range of Instruments: Traders can access over 10,000 tradable instruments, including Forex pairs, Indices, Commodities, Metals, Shares (CFDs and DMA for Iress users), and Cryptocurrencies (CFDs).
• Multiple Trading Platforms: The broker offers industry-leading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress platform for direct market access (DMA) share trading. These platforms are available across desktop, web, and mobile devices.
• Competitive Spreads and Commissions: FP Markets provides tight spreads starting from 0.0 pips on its Raw ECN accounts, coupled with competitive commissions. Standard accounts offer commission-free trading with slightly wider spreads.
• Variety of Account Types: A range of account types caters to different trading styles and experience levels, including Standard, Raw (ECN), and Iress accounts, each offering distinct features and pricing models.
• Leverage Options: Leverage levels vary based on the client’s residency and the regulating entity, adhering to local regulatory requirements for responsible trading.
• Excellent Customer Support: 24/5 multi-lingual customer support is available via phone, email, and live chat, known for its responsiveness and helpfulness in addressing trader queries.
• Educational & Research Resources: Traders have access to a range of educational materials, daily market analysis, webinars, and trading tools to enhance their trading knowledge and strategies.

Pros

• Strong Regulation: Regulated by top-tier authorities like ASIC, instilling high levels of trust and ensuring client fund safety.
• Very Competitive Pricing: Consistently offers some of the tightest spreads in the industry, especially on its Raw ECN accounts.
• Diverse Asset Selection: A vast array of instruments allows for extensive portfolio diversification across various markets.
• Industry-Leading Platforms: Choice of MT4, MT5, and Iress caters to various trading preferences and strategies, providing robust tools for analysis and execution.
• Fast Execution: Utilizes enterprise-grade hardware and fiber optic connectivity to ensure ultra-low latency and rapid trade execution.
• Transparent Fee Structure: Clear information on spreads, commissions, and other charges, promoting transparency.
• Responsive Customer Service: Professional and helpful support team available around the clock to assist traders.
• No Inactivity Fees: A significant advantage for long-term traders who may not trade frequently.

Cons

• No Proprietary Platform: Relies solely on third-party platforms (MT4, MT5, Iress), which might be a drawback for traders seeking unique proprietary tools.
• Limited Educational Content for Beginners: While useful, the educational resources could be more extensive and structured for absolute beginners compared to some competitors.
• Higher Minimum Deposit for Iress: The Iress platform, offering DMA shares, typically requires a higher minimum deposit, which might not be suitable for all traders.
• Regional Restrictions: Certain products or services may not be available in all regions due to varying regulatory landscapes and compliance requirements.

Pricing

• Spreads:
  • Standard Account: Spreads typically start from 1.0 pips on major Forex pairs (commission-free).
  • Raw Account (ECN): Spreads start from 0.0 pips on major Forex pairs, offering interbank pricing.
• Commissions:
  • Standard Account: No commission charged on Forex and CFD trades.
  • Raw Account (ECN): A competitive commission of $3 per lot per side ($6 round turn) for Forex and metals.
  • Iress Account: Commissions for shares vary based on the exchange and share type, typically per share or per trade.
• Swap Fees: Overnight swap rates apply for positions held open past the market closing time (rollover). These rates vary by instrument and current market conditions.
• Deposit/Withdrawal Fees: FP Markets generally does not charge fees for deposits or withdrawals. However, third-party payment processors or banks may impose their own charges, which are outside of FP Markets’ control.
• Inactivity Fees: Currently, FP Markets does not charge any inactivity fees on trading accounts.