Fp markets Review: Is Fp markets Broker Good?
Overview and general information of Fp markets broker
First Prudential Markets, also known as FP Markets, was founded in 2005 and is headquartered in Sydney, Australia. The broker is regulated by ASIC and CySEC. The broker offers a wide range of trading options including Forex, stocks, indices, commodities and cryptocurrencies through multiple platforms. However, traders should carefully consider all information and conditions before making any investment decision.
Broker Licensing and Regulation
If you ask whether Fp markets are good, you have to start by considering the license factor first, which has the following licenses:
Australian Securities and Investments Commission (ASIC) License No. 286354 under First Prudential Markets Pty Ltd.
Financial Sector Conduct Authority (FSCA) License No. 50926 under FP Markets (Pty) Ltd.
Cyprus Securities and Exchange Commission (CySEC) License No. 371/18 under First Prudential Markets Ltd.
Financial Services Authority (FSA Seychelles) License No. SD130 under First Prudential Markets Limited
fp markets products and services
Trading products
Forex:Offering over 60 Forex currency pairs, access the global Forex market and use low spreads starting as low as 0.0 pips.
Precious metals: Provides trading service for spot price of precious metals such as gold or silver against US dollar or Australian dollar in the form of currency pair with leverage of 500:1.
CFD Stocks: Offers CFD trading on over 10,000 Australian and international share CFDs alongside stock and indices CFDs across 4 continents.
bond:Trade corporate and government bonds on the bond market. Trade bond CFDs such as US 10 YR T-Note Futures (US10YR) and UK Long Gilt Futures (GILT) on Metatrader 4 and 5.
Commodities: Trade a wide range of commodities such as energy, metals, oil, gas and agricultural products with Contracts for Difference, or CFDs.
index: Access the NASDAQ 100, S&P 500, EUREX and many more via index CFDs with attractive leverage.
Trading Platform
MetaTrader 4
MetaTrader 4 is the world's most popular trading platform used for financial market analysis.
MT4 is packed with features and benefits. You can add a customizable interface and download MT4 for PC, Mac, iPhone, IOS and Android.
MetaTrader 5
MetaTrader 5 (MT5) is an all-in-one trading platform for Forex, precious metals, commodities, indices and cryptocurrencies. MT5 is a technologically advanced multi-asset platform designed specifically for trading Forex and CFDs.
TradingView
TradingView is an industry-leading trading platform recognized globally for its premium charting solutions, supporting millions of traders and investors across the globe.
cTrader
cTrader is a fast and powerful multi-asset Forex and CFD trading platform. It features advanced charting, advanced order types, level 2 pricing, and powerful trading tools.
FP Markets Trading App
Trade various assets via mobile, whether it's Forex, stocks, indices, commodities, futures or cryptocurrencies, you can trade anytime, anywhere as you want.
Considerations: For traders who want to use a wide range of tools, this may not be suitable as the trading tools are quite limited compared to other platforms.
Copy Trading
Copy Trading service or copying trades to allow investors to follow the trades of professional or experienced traders without having to analyze the market too much.
FP Markets Account Types Review
There are two main types of trading accounts:
Standard Account
Minimum account opening amount: $100 AUD or equivalent.
Spreads start from 1.0 pips
Trade 70+ FX pairs, precious metals, indices, commodities,
Maximum leverage 500:1
Commission per lot 0
Minimum trade size 0.01 lot
Support EA
RAW Account
Minimum account opening amount $100 AUD or equivalent.
Spreads start from 0.0 pips
Trade 70+ FX pairs, metals, indices, commodities,
Maximum leverage 500:1
Commission per lot $3 per side
Minimum trade size 0.01 lot
Support EA
The broker also supports Islamic accounts for Muslim traders who want to use a swap-free account. They can submit a request to[email protected]
Considerations: The Standard account, which is considered a beginner's account, has a relatively high minimum deposit compared to other brokers, which may be a limitation for some traders.
Deposit and Withdrawal Review
Deposit
Credit/Debit Card
Accepted currencies AUD,CAD,CHF,EUR,GBP,HKD, JPY,NZD,SGD,USD,CZK,PLN,AED
MT4/100 Deposit Time Instantly Iress: 1 business day
No deposit fees
Bank transfer
Accepted currencies: EUR, USD, CHF
Deposit time: 1 business day from the time of receipt of funds.
FPM deposit fees are free of charge.
FPM deposits will cover your international fees up to 50 USD.
For deposits of more than 10,000 USD
Crypto
Accepted currencies
BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20)
Deposit time: no more than one hour
Blockchain deposit fees vary.
Electronic Wallet
Accepted currencies: USD, AUD, CAD, EUR, GBP, INR, USD, BRL ,IDR, MYR, THB, VND
Deposit time, money is deposited immediately
No deposit fees
Withdrawal
How to withdraw money
|
Supported Currencies
|
fee
|
Processing time
|
Credit/debit cards (Visa, Mastercard)
|
CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED
|
No fees from FPM*
|
2-10 business days (depending on the bank)
|
SWIFT
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EUR, USD, CHF
|
No fees from FPM
|
Up to 5 days when all documents are received
|
Blockchain (Finrax)
|
BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20),
XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20)
|
There are Blockchain fees
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1 business day
|
Blockchain (LetKnowPay)
|
Cryptocurrency
|
There are Blockchain fees
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1 business day
|
Perfect money
|
USD
|
0.5%
|
1 business day
|
Skrill
|
AUD, CAD, EUR, GBP, INR, USD, BRL
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1% + country fees (if any)
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1 business day
|
Netteller
|
EUR, USD, AUD, BRL, CAD, CHF,
GBP, HKD, JPY, NZD, SGD
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2% up to 30 USD
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Within 5 business days
|
Considerations:Some withdrawal fees are quite high compared to other brokers.
Some withdrawal channels, even though they state that there are no fees, may still require traders to pay a fee for transacting through that channel. The lack of clear details may cause concern or may lead to being charged more than the actual amount.
Withdrawals via various channels all take a long time, which may not be suitable for traders who want immediate money.
Customer Service
Live Chat Business Hours
Monday – Saturday (AEDT) 07:00 – 07:00
Sunday – Friday (GMT) 22:00 – 22:00
Email:[email protected]
Seychelles Office F20, 1st Floor, Eden Plaza, Eden Island, Seychelles
Facebook :https://www.facebook.com/FPMarkets.Th/
X :https://www.facebook.com/FPMarkets.Th/
LinkedIn : https://www.linkedin.com/company/fp-markets/
⚠️WARNING: Multiple users have reported issues with being unable to contact support at and some have received delays in getting help.
FP Markets Review: Pros and Cons
strength
weakness
Some countries may not have customer support available.
Limited account type
Inactive Account Fee
There is a fee for withdrawals.
High minimum deposit
There are reports on customer service.
Summary: Is FP Markets Broker Review Good?
FP Markets is a trusted and regulated broker. Although it offers good trading conditions, such as low spreads and commissions, many users have reported problems with slow support contacts and high withdrawal fees compared to other brokers. Withdrawals can take a long time, and the minimum deposit on the Standard account is higher than its competitors. Therefore, traders should consider carefully before deciding to use the service.
Frequently asked questions about Fp markets
What financial instruments can I trade?
A - CFDs on Forex, Stocks, Metals, Indices, Commodities and Cryptocurrencies. 10,000+ tradable CFD products on global financial markets.
Can I sign up with more than one email address?
A - It is recommended to combine all trading accounts under one profile and use the same email address.
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FP Markets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.
