Founded in 2005, FP Markets is an established broker and is licensed to operate by both ASIC and CySec.
Based in Australia, it offers an extensive range of tradeable assets and CFD's to clients supported by access to MetaTrader 4 and MetaTrader 5 trading platforms and leverage of up to 1:500. It has won more than 40 industry awards.
Offering of Financial Investments
FP Markets offer over 13,000 tradeable assets, including 70+ forex pairs, shares, energies, natural gases and precious metals, gold, silver, bonds and ETF's.
The company has partnered with a number of major financial institutions to ensure liquidity. This is reflected in its excellent market prices and tight spreads.
FP Markets Trading Account Types
FP Markets has separated its five account types across MT4/MT5 and Iress platform, so the account you hold will depend on which trading software you plan to use.
MetaTrader clients can open a Standard or Raw account. The Standard account has a minimum deposit of £50.00 with leverage of up to 1:500 and spreads from 1.0 pips. The raw account is the same as Standard, though spreads start as low as 0.0 pips, ideal for scalping.
Via Iress, there are three account types. Standard, Platinum, and Premier. Equity margin rates start from 3% across the board, though you should note the minimum deposits required. For Standard its £500.00 but for Premier its £25,000.
FP Markets Commissions and Fees
The commission charged depends on your account type. Forex traders can expect 0% commission with a Standard account, while £3 each way is charged to Raw account members. Iress traders will note that commission is £5 minimum and starts at 0.1%, though this drops to 0.9% and 0.8% for Platinum and Premier respectively. There are fees for leverage overnight positions and inactivity fees kick in after two months of no trades.
FP Markets Platforms and Tools
FP Markets offers its clients a full range of trading platforms, including MetaTrader, Iress, and WebTrader. You can also utilise a suite of trading tools including MAM, PAMM, VPS, Autochartist, Myfxbook and more.
FP Markets Research
Housed under the resources tab, FP Markets offers its clients a comprehensive range of educational materials. There are trading glossaries, eBooks and video tutorials aimed at all levels of traders, whether you are a complete newcomer or more experienced. The FP Markets Academy is also an excellent bonus, with technical analysis posts, latest updates and webinars all provided.
FP Markets Mobile Trading App
FP Markets has designed its own in-house mobile app, and this allows clients to open and close positions in a variety of markets on the go.
Available on Apple and Android devices, the FP Markets app delivers one-click trading and allows you to select your own favourites to accelerate the process.
Why we like to Trade with FP Markets
We have discovered that FP Markets offers so much more to its clients that just the trading platforms. The educational resources are first class, which can be used to your advantage.
Plus, the fees and spreads on forex pairs are extremely low and competitive and scalping strategies can be used.
FP Markets is an ECN broker, with all trades executed directly in the market rather than through a dealing desk or an intermediary. With deep liquidity provided by a number of institutions, you can access high-value ECN pricing that is streamed quickly.
FP Markets are a safe choice. Operating for more than 15 years, we think FP Markets is a trustworthy broker, with no hint of scam or fraudulent activity. Because it is regulated this affords clients peace of mind that it is operating fairly and securely.
"CFD's are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFD's with this provider. You should consider whether you can afford to take the high risk of losing your money".