FP Markets review : Is It a Reliable Forex Broker?

And the Premier account has no minimum flat broker fee, but charges 0.08% of trade size instead. On the Standard account there is a minimum limefx broker fee of $10 or 0.1% of trade size, whichever is greater. In addition any overnight financing is at the rate of RBA + 4%.

Beginners will enjoy the simplicity of the mobile app even though it has limited functionality, while advanced traders will enjoy the professional MetaTrader platforms. There is an extremely wide range of financial instruments, including more than 60 Forex pairs, indices, commodities, and many cryptocurrencies against USD and AUD. Moreover, there are over 2,000 shares available, from all over the world. FP Markets offers fair trading spreads starting as low as 1.0 on the Standard account, but there is also the option to trade with zero-spreads and paying only commissions.

FP Markets has zero restrictions, which means that scalpers and currency traders who use Expert Advisors , can trade in the best conditions. FP Markets offers active traders the opportunity to choose from MetaTrader 4 or MetaTrader 5, which are both included in our trading platform offering. FP Markets’ primary goal is to offer limefx forex brokers reviews the best product on the market. Forex traders benefit from deep liquidity and tighter spreads thanks to our relationships with top tier one financial institutions. Trades can be made from 0.0 pip on major currency pairs like the EUR/USD and USD/JPY. Traders can then upgrade their Live Account by depositing only $100.

  • The FP Markets Traders Hub provided daily research and trading ideas, presented in a quality format.
  • There are also other features you can access such as the MetaTrader Market place for automated trading strategies and customised indicators.
  • The FP Markets is entirely compliant with the Australian Securities and LimeFXs Commission .
  • But before you do that, let’s look at some of the basic charges you can expect when trading with this broker.
  • Please do not hesitate to email us at if you have further questions.
  • With its headquarter in Sydney Australia, FP Markets is regulated by the Australian Securities and LimeFXs Commission .

FP Markets is an Australian-based, multi-asset broker that serves clients from 80+ countries around the world. FP Markets offers access to CFDs across Forex, Shares, https://limefx.name/ Indices, Commodities & Cryptocurrencies. Overall, FP Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference .

Conclusion – Is FP Markets Good?

Feel free to drop us an email at if you have any questions on how to get started. You can use Perfect Money to deposit and withdraw, the deposit will be instant. Please contact us at should you be interested to find out more.

It also runs an independent web platform, which is a downloadable application for Windows and Macintosh devices. The MetaTrader 4 software suite is compatible with minimum computing configurations on these devices. Moreover, FP Markets offers a wide range of trading platforms, supporting mobile trading for its clients. FPMarkets is a dynamic broker, and it has listed all its offerings on the website. Every trading platform or tool provided by the broker is a part of the FPMarkets core offerings. While choosing the FPMarkets accounts, the clients can choose between these trading platforms and tools.

Is Forex Trading Legal in Canada?

The costs for the ‘ECN Raw’ account include a lower spread cost and a $3 per lot per trade commission. If you choose the Standard account, you’ll be charged a higher spread cost but no commission. The product lineup at FP Markets is limited to forex, CFDs and cryptocurrencies.

It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. I like this company, I can pay by debit card and receive any profits the same way. I don’t get hassled by my advisor but if I need any help he is there to support me. At BrokerChooser, we consider clarity and transparency as core values.

Instead, it uses reliable third-party sources to collate information on the markets. FP Markets also provides direct access to these sources for in-depth research which is beneficial for traders. The commissions & fees charged to the traders depend on the FP Markets FX broker entity and the trading account type. Fitting these criteria is FP Markets, one of the world’s best online brokers for forex and CFD traders.

A ten thousand dollar return can be obtained from just a thousand dollars of LimeFX. Trading Central is a service provided under the MT4 platform, which is a set of next-generation market indicators that analyze markets based on trading perspectives. The Analyst Perspectives indicator is a go-to solution for expert help at higher levels of trading.

FP Markets forex brokers reviews

They are very quick to accept deposits and never grant withdrawals. I’d almost lost all my LimeFX to them if not for the quick intervention of a financial recovery company “Scaminspect. C o m” who helped me recoup all my money from them when they stopped responding to my mails and calls. This company is fond of asking for money and had excuses all the time. An inactivity fee on the trading activity requirements of clients is subjected to flexible terms and conditions of FP Markets. If the client is not buying or selling for more extended periods, its account is rendered dormant.

I love what FP markets is doing

Among others, traders are privy to indices, commodities, metals, shares, and of course forex. A variety of online trading platforms are available in the market. But, FP Markets offers its platforms based on the minimum deposit requirements and the account types.

FP Markets forex brokers reviews

To provide a secure trading environment, First Prudential Markets Pty Ltd. is licensed under the Cyprus Securities and Exchange Commission. This regulatory body monitors the broker’s behavior and takes necessary actions. It also places fines or suspends the licenses of brokers with speculative behaviors.

You know we are a Metatrader fan, and this broker offers both Metatrader 4 and Metatrader 5 for desktop, mobile, and web. Traders can even use the Autochartist and Trader Toolbox plugins for Metatrader to add to the already impressive feature set. The IRESS platform is also an excellent choice, and it too comes in desktop, mobile, and web-based varieties. There is nothing more important than trading at a safe broker that ensures your data and money are secure at all times. To confirm this, there are a number of factors traders can use to determine if a broker is safe and legit. Our review of FP Markets confirms how safe and secure this broker is in 2022, as well as comparing it to the likes of our VantageFX review.

An advanced range of order management tools helps traders in monitoring their positions at every moment. The MT4 trading platform can improve the trading abilities of the users, particularly in the forex markets. It also supports CFDs and Spread Betting, but its capabilities in trading stocks, commodities, and indices are quite nascent. The platform does not help traders in buying proprietary assets. Instead, it can speculate price movements accurately through multiple formats.

Markets and products

Fast order execution speed is particularly important if you’re looking to day trade.Order execution is when your broker completes a buy or sell order on your behalf. All your orders are sent through to your broker to be executed. Fast order execution speed is particularly important if you’re looking to day trade.

On the Standard MT4 and MT5 accounts, you will engage in trading without commission. Among the many things we found while researching this FP Markets review, was the secure client area. It works as a portal that allows you to securely log in and track all the things you are doing. As mentioned earlier in this FP Markets review, the browser version has the same features you get when using the desktop versions. You will have access to ECN pricing and all the tools without going through installing the software on your device.

For all available funding methods and fees refer to the broker’s funding page. While you can’t set any alerts or expiries you can access different order types and attach stop loss and take profit levels easily which is essential for risk management. For this test, we downloaded the FP Markets Mobile App for the iPhone. Logging in was easy and we were up and running in under 15 seconds.

  • It is a regulatory requirement for these entities to provide a negative balance protection policy and segregation of client funds.
  • For example, for CySEC and ASIC regulated entities it is a regulatory requirement for brokers to segregate client funds from their own and to provide a negative balance protection policy.
  • We’ve been proud to connect independent traders to the potential of the global currency markets since 2001.
  • The FP Markets client portal allows traders to deposit funds in 3 currencies, including EUR, USD, and GBP.

You will have an account manager who will be more than happy to assist you and guide you. You can deposit funds with your prepaid VISA card, if the card allows refunds. You can use your Visa debit card to deposit and withdraw, even if your name is not mentioned on the card. Our Clients get a dedicated account manager and 24 hour support for any queries they have.

EEA traders get an investor compensation fund limited to €20,000 per client. The cost is suboptimal trading conditions, which may impact on trading performance. All global clients will deal with First Prudential Markets LLC, an unregulated entity with the least client protection. This unit remains registered as an international business company with St. Vincent and the Grenadines Financial Services Authority , but brokers remain unregulated in that country. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines are unregulated.

This means that the company charges a small price difference between the purchase and sale price. This helps traders to make big profits when they trade in the market with small volumes. The broker does not provide an artificial amount of money to increase the size of the transaction. This may be good for traders who have limited knowledge of trading, but it can also scare away experienced traders, making it harder for them to make risky trades.

Clients must rely solely on the reputation of FP Markets, as no additional measures exist to ensure client protection. The absence at FP Markets lowered the overall score, as only Australian traders have access to a well-regulated and highly competitive trading environment. FP Markets is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries.