This enables us to give an impartial and reliable broker rating. FP Markets is a safe broker (average-risk) for forex and CFDs trading since it is regulated in one tier-1 and one tier-2 country. FP Markets is a reputable worldwide CFD and FX broker founded way back in 2005. The broker does not disclose its financial statements, and it is not listed on any stock exchange.

fp markets review

The commission fees are slightly below the industry average so you could make a saving in the long run. Investors who are keen to trade stocks will find FP Markets very cost effective with its Iress account. Investors with considerable volumes, such as $25,000, $50,000, are charged monthly fees of $55 on the Iress ViewPoint platform. However, when you consider the abundance of premium products and tools that you get access to, I think it is well worth it. A cashback rebate is provided to those who are eligible for each round turn lot.

This gives me confidence that they are a company who we can trust. has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. At FP Markets, customer satisfaction is something we strive to continuously improve on to ensure all clients receive the assistance they require.

How to start your FP Markets account?

New traders should familiarize themselves with the top menu icons, which offer several advantages. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it. Trading with MT4 is simple and does not require a lot of time for new traders to learn. Here is a screenshot after launching the FP Markets MT4 trading platform following installation, without modifications. FP Markets also maintains the MAM/PAMM module, enabling retail account management.

Here, a monthly fee of AUD 55 is charged, unless you generate at least AUD 200 in monthly commissions or hold a balance of AUD 50,000. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees. The selection of stocks is very limited if you are using the MetaTrader 4 trading platform. So you are better off using the MetaTrader 5 or IRESS when trading stocks.

  • It is quite rare to find an exchange listed broker, XTB being one of them.
  • As per regulatory requirements, FP Markets is audited by an external independent auditor, BDO Australia.
  • Traders who are interested in long-term investing may prefer FP Markets, while traders who are interested in short-term investing or social-copy trading may prefer IC Markets.
  • Therefore, IC Markets is the better option for traders who want to engage in social-copy trading.

This gives you access to the same tools and instruments as other traders without the stress of losing your money. MetaTrader is a well-established platform in the Forex industry, providing access to over 60 currency pairs and a range of CFDs, including indices, commodities, and cryptocurrencies. One of the key benefits of MetaTrader is the availability of fp markets review third-party plugins, such as trading signals and expert advisors, that can enhance your trading experience. You can purchase these on the MT4 and MT5 market place, or you could create your own using easy-to-use programs like EA Studio. It is also still the most widely used trading platform in the world, however, newer web-based platforms are catching up.

Also, one-click trading for traders’ convenience, MarketWatch, and live price streaming on Live and Demo accounts. For secure trading, data are encrypted, and the platform has Expert Advisors and customizable alerts. You would also be able to have access to the MetaTrader market and MQL4 community.

FP Markets Review: MAM/PAMM

If am away from my computer and need to make a trade, their phone service is very efficient. Particular note for customer service rep Joe Kelly who brought me into FP, he has always helped me with whatever I needed when I call in , top marks for him. Thank you for the feedback, we are currently working on making the process as simplistic as possible, and it is feedback like this that will help us get to where we want to be. With regards to our spreads, I would recommend speaking to your account manager Chris, regarding moving you over to our RAW spread account.

As one of the leading MAM/PAMM account brokers, FP Markets’ software is perfect for traders or money managers using Expert Advisors . The Iress platform suite, on the other hand, offers well over 10,000 tradeable symbols. However, it’s mostly a share trading platform, and the pricing is generally higher compared to the MetaTrader and cTrader platforms.

fp markets review

FP Markets has a medium level of regulation with one tier-1 regulator , one tier-2 regulator and two tier-3 regulators. Fortunately, various withdrawal methods are available , so you can get around the problem if you’re prepared to do your research. There are also some other fees for certain assets, which you can find on the relevant page of the FP Markets website. Although there’s no option to choose an Islamic Account when you sign up, don’t panic.


The broker offers a wide range of asset classes to trade, including forex, stocks, indices, commodities and cryptocurrencies. You can trade on the user-friendly MetaTrader platforms across all of your devices with tight spreads, low fees and quick trade execution speeds. FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.

fp markets review

FP Markets have partnered with top financial institutions, like HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity. These partners of FP Markets ensure the highest levels of interbank liquidity for its clients. Also, the financial accounts are audited by external audit firms to ensure constant compliance with regulations across the operations of the company. Reputation and credibility in trading vary in the products and services offered and executed by anonline broker.FP Marketsclaims to be one of the most reputableForex Brokersin the trading industry.

The broker’s Raw ECN account provides access to the interbank market, ensuring the tightest spreads possible. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

FP Markets vs IC Markets: Comparison and Analysis

If you live in Australia, you’ll be able to open an IRESS trading account instead, which isn’t a million miles away from the accounts outlined above but does work differently. You would only choose this account if you want to trade stocks however selected other CFD products are available. I highly recommend FP Markets; huge range of trade-able products, competitive brokerage, low margins and great customer service. I also can’t speak highly enough of the IRESS platform they use, simply the industry leader. The new account/onboarding process and online portal provided/s a few glitches, e.g. following the steps created 2 accounts.

However, for IRESS accounts, you’ll need a minimum deposit of $1000 AUD, which might be higher for some account types. MT4 is easily the most popular platform for forex trading — don’t be fooled by MT5 sounding like the new and improved version, because most people still use number 4. It offers pretty much everything you could ever need, including a wide range of features like technical indicators and live price streaming, and a seamless interface. FP Markets really should be commended for its ECN-style pricing, which is among the best in the market. For the second IRESS account, the Platinum IRESS Account minimum deposit is $25,000 AUD or equivalent. 92% of the brokers in our database (60+) offer Visa/Mastercard, 79% offer Skrill, 71% offer Neteller, and 43% offer PayPal.

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