FP Markets

The Company. Security of Funds

FP Markets (FPM) is a reputable worldwide CFD and Forex provider founded in 2005. In the past they have been awarded over 35 awards from the industry, including the ‘Best Execution of Trade’ Best Customer Service’, and the ‘Best Value for Money’. In addition, the well-known “Investment Trends CFD” Report” has given FP Markets with the ‘Most satisfied traders’ award in the business for five years straight.

FP Markets is owned and managed through First Prudential Markets Pty Ltd. The company is located in Sydney which is certified through the Australian Securities and Investment Commission (ASIC) which is one of the most reputable financial institutions in the world. Additionally, the broker has an European affiliate, First Prudential Markets Ltd. This is licensed by CySEC however more details on this later.

ASIC demands that financial service companies under its supervision to comply with specific minimum capital requirement (AUD 1000 000) to fulfill the obligation to pay clients and adhere to the strictest rules and follow solid internal procedures to manage client accounts, segregation as well as financial reporting, risk management as well as staff recruitment and external auditing schedules.

Additionally, FP Markets says its client funds are kept in separate accounts at a AAA-rated Australian bank, and managed in accordance with Australian Client Money Rules in accordance with the Corporations Act. To ensure that the company is in compliance with all the regulations and operational procedures the broker has put established an external, auditing firm that is independent (BDO Australia).

Let’s look at the regulations in Australia. The local forex brokers aren’t limited in terms of leverage they are able to offer customers who are retail, and this is thought to be a major benefit. Also in contrast to EU as well as US brokering companies, financial service companies licensed in Australia are able to provide leverage ratios that go as high as 1:500. The majority of them, such as FP Markets, are indeed very generous when it comes to leverage.

But, Australian forex regulation does have some drawbacks in it, such as the absence of a compensation mechanisms. In contrast brokers operating in the EU as well as the UK are protected by compensation schemes or funds that provide protection to the consumer from losses of up to the amount of EUR 20000 or GBP 85000 per individual or GBP 85 000 in the event that the licensed company goes under.

Another issue with standard operating procedures in Australia is that brokerages aren’t obliged to provide protection for negative balances that is an automated adjustment of the balance to zero in the event that it goes negative. But, FP Markets’ aim is to aid clients in returning to trading at any time which is why this shouldn’t be such a big issue.

In addition to Australia, FP markets also operates in Europe and is certified by Cyprus Securities and Exchange Commission (CySEC). These are the major advantages of CySEC regulation that are available to EU customers of the broken.

Brokers who are licensed to operate in Cyprus (which can be called Cyprus investment Firms (CIFs) must comply with a variety of standards concerning the company’s capacity, staff expertise and the activities that must be performed by forex brokers operating in the country. These requirements ensure that the business is conducted in an honest and transparent manner and that the investors’ money and interests are adequately protected.

In addition to the capital requirements of minimum EUR730,000, which must be kept in mind on a continuous basis License holders are required to declare every transaction to the commission. They are also required to keep clients’ money in separate accounts, and to comply with any standards that are introduced at an EU level. These include the provisions for positive balance security and the restrictions on bonus payments for trading as well as a leverage limit of 11:30, reporting the amount of clients who have lost trades, and taking part in a compensation scheme.

In Cyprus the compensations for clients from licensed brokerage firms are covered through the Investor Compensation Fund (ICF). The ICF can be the last recourse compensation for clients of financial services companies that are licensed that can cover the maximum amount of EUR20,000 per individual.

Trading Conditions

Minimum Initial Deposit

Traders have to pay $100 to be able to create an MT4/MT5 account at the FP MARKETS broker which is the average of the world of forex. For those who prefer to make use of their Iress platform must invest at the minimum of $1000.

Average Spreads & Commissions

FP MARKETS has a range of spreads available that are different from the ones offered on its commission-free account ranging to 1.45 and those for its commission-free and ECN Raw accounts average 0.45 pip on EUR/USD. Given that a the commission rate at $3/standard lot, per day is charged to the Raw account, the costs for trading on these accounts holders come to just one pip, which is an affordable price.

For more details, find live spreads from 15 top brokers here.

Maximum leverageFP Markets offers leverage ratios as high as 1:500. These are adequate to meet the needs of any strategy of trading. But this doesn’t mean these ratios are suitable for all kinds of trading, but especially those who aren’t experienced.

However, having greater leverage implies a higher exposure to risk. In addition, you might lose all your money in your account in a only a few minutes in the event that the market goes against you. This is why leverage that retail customers can avail is not available in all areas, including the US as well as in the European Union, Japan, Canada, Turkey, and many more. There are similar plans that were proposed by authorities in Australia however, they hadn’t been incorporated into law at the time this article was written.

If you are still finding it difficult to grasp the meaning behind the concept of leverage (or the trading of margin) Here is an example of what it is: If you are able to find a broker provides leverage of 1:500 which implies that, for each dollar amount of capital they have, you get $500 to invest. In other words, if you put in $1 000 as an instance, you’ll be able to trade in the amount of $500 000 and multiply your profit by 500.

In reality, European users who are a part of FP markets will be allowed to leverage as high as 11:30 since they legally contract with through the brokerage’s Cypriot subsidiary. However there are many brokers who try to bypass the limitations on leverage within Europe by either defining clients as professionals, or transfer the clients to an overseas company.

Trading Platforms

FP MARKETS provides its customers with a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5, and its internal Iress that is specialized in CFDs trading.

The MT4 with additional tools

The MT4 is the most popular forex platform designed to provide an efficient and smooth trading experience. It is available to users of FP Marketsit is available to FPM’s customers in all shapes and forms including desktop versions that are downloadable and web versions that work with different browsers, as well as mobile applications.

The main reason for MT4’s enviable popularity could be due to its reliability, simplicity of use, and the extensive capabilities. This software for trading basically offers everything the instruments and resources that a trader could require: a range technological indicators a sophisticated charting software, a robust back-testing system and a vast selection of Expert Advisers (EAs). With EAs traders can relax and let the software take care of all the work. Expert Advisors can be fully automated of trades.

Another interesting feature of MT4 is that it allows for customization. For those adept with code can design custom EAs and indicator. If you don’t have the time nor the ability to set up expert advisors, market and other indicators available from the vast library of free.

People who trade on MT4 will be pleased to learn that FP markets includes a trading tools called Trader Toolbox for this platform . It’s an online suite of 12 trading tools that will improve your trading. Particularly, they comprise tools like Trader Toolbox Connect, which offers news feeds and economic calendars, as well as Correlation Trader, which creates the correlation between markets more evident and highlights areas of high or low correlation.

Other important tools available from MT4 Toolbox for Trading are Alarm Manager, Stealth Orders Excel RTD, Session Map, Sentiment Trader Tick Chart and many more.

The VPS and MT5 services

Since MT4 is scheduled to be eliminated The broker has launched trading using the most recent version of the MetaQuotes software, namely MetaTrader 5. (MT5). It includes the majority of the features that are great in MT4 and some brand new features. The most important thing is that MT5 provide traders with the ability to trade a broader range of instruments from a range different asset types, which includes the exchange-traded stock. The MT5 is also accessible through your browser, no matter what the platform is used, and be installed and downloaded on your computer or mobile device, regardless of your operating system.

In recent times, MetaQuotes has made many significant improvements to MT5 including the option of hedging, tools to analyze market exchanges and news management improvements and market data subscriptions. new chart settings , and sometimes, negative rates.

If you’re into automated trading and are running EAs constantly it is crucial for your system to be Internet accessible 24/7. The most effective solution would be VPS and FP Markets has partnered with TradersColo and BeeksFX VPS, to provide an individual low-latency solution to their clients that utilizes the MT4/MT5. The VPS effortlessly connects traders to the Equinix grid with the latest technology and provides an excellent execution.

The best part is that you are able to make use of VPS in conjunction with FP Markets free of charge in the event that you reach a certain thresholds for trading (over the threshold of 10 lot on our typical trading account, or over 20 lot on the Raw account) or have a minimum deposit equal to 1000 dollars or more.

Iress platforms

FP Markets’ proprietary platform Iress is a web-based platform that is primarily designed to trade in equities. It offers industry-leading execution, as well as a variety of kinds of orders, stop-loss live news feeds and international data, as well as live price quotes in real-time, as well as the complete depth of market and charting features.

In relation to charting, let us highlight that Iress platform comes with 59 indicators of technical analysis and greater than 50 drawing and drawing software, many timeframes as well as historical market data and much more. Additionally, you can modify and save templates for charting.

Iress is a platform that runs on the web that is built upon HTML5. The complete Iress Suite comprises Iress ViewPoint as well as Iress ViewPoint, a web-based Iress Trader, Iress Investor Iress Investor, Iress Investor, and Iress Mobile.

If you sign into the Iress platform using in the menu navigation, you are able to select among Iress Trader or Iress ViewPoint. The data is automatically transfer between the two. It is said that the Iress ViewPoint is said to provide sophisticated trading tools and more compatibility with the majority of web browsers.

Like its name implies, Iress Investor is intended for investors who do not want to trade their own securities. It’s designed to be alerts for managing portfolios across multiple products and comes with alerts and advanced charts, market data across various types of products and exchanges, as well as an extensive range of options for placing orders.

Iress’s Iress investment platform accessible for free, however when you want to stream live prices, you will have spend $22 each month. The Viewpoint version however, is a monthly cost for $55 (+$22 for live stream). However, traders with high volumes who earn over $150 of commissions during any calendar month do not have to pay these monthly charges.

As for the financial instruments offered on Iress they include more than 13000 stocks traded on global exchanges, CFDs for futures, commodities, indices as well as cryptocurrencies and forex.

Additional services and tools

Additionally, customers from FP Markets can automate their trades by using The AutoTrade service offered by MyFXbook an advanced, automated service for copying social trades that offers users the possibility of copying many different software directly onto their trading account on MT4.

Additionally, customers who are clients of FP Markets may also use the extremely powerful Autochartist analytical tool for technical analysis, that scans the market to provide comprehensive breakdowns of the entire spectrum of CFD and forex instruments. It is a tool that can be customized. FP Markets Autochartist is customizable and allows you to more effectively manage the trading process and it can be integrated together with the MT4 platform via the use of a plug-in specifically designed for.

Methods of Payment

FP MARKETS provides its customers with various deposit and withdrawal options: through credit/debit card or bank wire BPAY, Neteller, Skrill, China UnionPay, PayPal, POLi Pay, Paytrust88 Ngan Luong, Directa24, Klarna and Broker to Broker and FasaPay .

In accordance with the depositing method Clients can choose from the currency options: AUD, USD, SGD GBP, CAD HKD, JPY, EUR, and NZD. Note that deposits are immediate, or processed within a single working day.

The majority of depositsmethods are completely free However, not all. However, there’s extensive details on the fees for payment you can find it on the website of the broker.

And the best part is that withdrawals made at FP Markets are processed within one working day, after all the required documents have been delivered to the broker.

You may have observed, there aren’t any fees associated with payments made using BPay and POLi or BPay for both withdrawals and deposits made through FP Markets. The reason is because these payment options are exclusively utilized by customers in Asutralia and BPay is controlled by the four Australian banks namely Australia as well as New Zealand Banking Group, Commonwealth Bank, National Australia Bank and Westpac. The parent company of POLi on the contrary is a completely controlled subsidiary owned by Australia Post.

Skrill and Neteller On their side are both widely used and are extremely well-known in Europe. They offer a quick and secure option for making transactions using debit and credit cards. Additionally, Skrill has recently introduced a new anti-scam policy and only partners with licensed brokers.

Education and Customer Support

The broker also offers a variety of educational resources on its websitethat makes a great impression. They also have a glossary for trading as well as a range of videos and e-books on trading online, and they also have a trading information source known as Traders Hub, which can be helpful to new as well as regular traders. This Traders Hub was launched in 2020 and provides the most up-to-date trading and analysis information. Here, you can discover daily fundamental and technical analysis, weekly analysis of trading as well as company information.

If you have queries, you can contact FP Markets’ customer support by phone, chat or e-mail. They typically provide fast and accurate responses to questions from traders and the range of languages supported is astounding: Arabic, Chinese, English, French, German, Greek, Japanese, Indonesian, Italian, Malaysian, Portuguese, Russian, Spanish, Thai, Korean and Vietnamese.

Additionally, FP Markets uses TruRating A novel feedback method which asks clients to respond (anonymously) certain questions related to the services offered by the broker. Based on the feedback from customers the broker works to enhance its services.

Conclusion

FP Markets is a dependable brokerage that operates throughout Australia and Europe and has been licensed by two of Australia’s oldest financial regulators: that is the Australian Securities and Investment Commission (ASIC) and the Securities and Exchange Commission (CySEC). They have more than 15 years of experience in the financial markets and have won a range of awards from industry, meaning that they’ve built a reputation for themselves.

Additionally, FP Markets offers competitive conditions for trading many different assets, including an extensive selection of stocks that trade on its own Iress platform. In addition the broker also has the market-leading MetaTrader4 and MetaTrader5 along with a wide range of different account types to pick from.

The company’s goal was always to provide the best trading experience to traders, by offering the best trading conditions, technologies pricing, and product selection together with the trust that solid financial regulation.