FP Markets is a top-based Australian firm that offers CFD and Forex trading options in the global market

Information about FP Markets

Top-based Australian broker
Offers CFD and Forex Trading
Licensed and regulated by ASIC (Australian Securities and Investments Commission)

Please remember that you invest at your own risk.

About FP Markets

FP Markets is an Australian-based Forex and CFD provider where traders all over the world can access full trading products in the international market within the portal. They have 12 years of industry experience in trading equities, commodities, and Bitcoin among many others.

Major trading is made through three platforms with technical indicators and analysis. These are done through the IRESS platform, MT4, and MT5.

The brokerage firm offers one of the most competitive economic and financial portfolio for Australian and non-Australian traders, money managers, and startups. FP Markets is duly licensed and regulated by the Australian Securities and Investments Commission (ASIC) and Financial Services Authority (FSA) in the UK and Europe.

Is FP Markets a safe broker?

First Prudential Markets Pty Ltd or FP Markets is a registered company with legal documentation of its brokerage activities presented on its website. It operates under the Australian Financial Services License (AFSL) of 286354.

When it opened 12 years ago, FP Markets introduced the webIRESS to provide online services and help increase customer engagement. In 2007, the company got listed on the Australian Securities Exchange (ASX) while introducing the world’s first exchange-traded Contracts for Difference.

While there are common complaints about their online services, the brokerage firm receives plenty of positive feedback from both industry experts and their clients. They also have excellent customer support, public transparency, a range of instruments, and trading assets.

The pricing model and ease of use of the platform, however, does need a bit more work if clientele opinion is considered. Nonetheless, the firm delivers on its operational aspects well and even won 35 different awards from various agencies and outlets throughout its 12-year practice.

With their outstanding provision of portfolio, assets, and service, FP Markets is highly trusted by the market. It is with confidence that we can say that the firm is not a scam broker and that traders can rest assured that the company is a legitimate and trusted brokerage.

If you’re interested in depositing your funds into an ethical online trading firm, FP Markets is certainly worth checking out.

Pros and cons of trading with FP Markets

There are plenty of CFD and Forex providers around so how do you know if FP Markets is the right broker for you? Here are reviews about the company from the clients and experts themselves.

Pros:

  • The company offers full market transparency with direct access to different products. This means there will be no dealer intervention between you and third-party affiliations.
  • Liquidity and price of assets are identical to the exchange.
  • FP Markets offer products at the best value for your money.
  • Vast range of assets, instruments, and financial portfolio information with full market depth.
  • Easy research and trading education and tutorial platform for beginners or advanced traders.
  • Easy to transfer accounts like CHESS with little to no fees

Cons:

  • The trading platforms are not user-friendly and may take time for individuals to be familiarized with it. But still, the platforms are reliable and serviceable.
  • Increase in operating costs of the broker.
  • Higher prices in trading. But it’s not exactly a “con’ since FP Markets provide users with great service

Trading Options offered by FP Markets

On their web portal, interested parties would find their three services currently on offer: CFD, Forex, and Share trading.

CFDs are complex trading options, but it can offer traders a safe introduction to the market with only a percentage of the value you will buy. It weighs the potential outcome of profits and losses because of the price movements in the market.

This trading hosts over 10,000 assets and is available in three account types. Meanwhile, FP Markets has Share Trading, but it appears to be shares-based CFDs and not involving the actual purchase of shares.

With Shares Trading, clients can open individual, joint, company, trust or self-managed accounts where you can both access CFD and share trading on one platform.

Forex trading at FP Markets lets clients have direct access to forex trading and educational materials to add to their knowledge and enable them to trade better in this highly liquid market. Individuals can also make use of the MT4 platform with as little as 0.0 pips spread.

FP Markets Trading Platforms

There are three trading platforms for FP Markets built with an intuitive interface design and analytical tools to study the financial market.

CFDs make use of the IRESS which was upgraded to the Iresstrader platform built with HTML5 codes. It consists of multi-product execution and an advanced charting interface to spot potential trading opportunities.

Here are key features:

  • 59 Technical Indicators
  • 50+ Drawing Tools
  • Over 10,000 instruments
  • Comprehensive selection of time intervals
  • Charts customization
  • Saving your chart templates
  • Comparison of price between instruments

The IRESS system is loaded with tools which allows the trader to better study the market. These interfaces can be customized to fit your preferences and needs.

CFD trading is done through an IRESS platform, more precisely through the latest, Iresstrader iteration of the platform which features innovative charting technology, and a surprisingly massive selection of analytic instruments.

Meanwhile, the MT4 platform provides users a unique Forex trading experience to deliver advanced charting, quotes, and news about the financial market.

It allows one-click trading for you to trade off charts and make limits and stop orders against your loss and profits. The MT4 has three customizable charts and time frames to suit your trading experience.

It has over 50 installed indicators for perusal. There’s also an Expert Advisor’s trading solution to provide you strategies on how to handle certain conditions.

Last, the MT5 offer traders and advanced market lookout and trading opportunities in the sector. Features include hedging, strategy tester for EAs, over 80 indicators and graphic objects, and six pending order types for stop limits.

Mobile Trading, is it Possible with FP Markets?

Mobile Trading is possible with FP Markets as the site optimizes its user preferences across different media channels and devices. This makes the trading platforms fully functional and easily accessed by traders who are always on the go.

MT4 and MT5 are compatible with iOS and Android applications. There are also offline modes available with complete charts and prices of the trading options.

Bonuses for new traders offered by FP Markets:

There are certain bonuses for new trading clients on FP Markets. For example, new MT4 clients will receive 10% credit bonus if they deposit an amount between $200 and $50,000.

Another MT4 promo offer is the 20% deposit bonus limited to one account per client. Meanwhile, if you’re someone who’s using the platform, you can refer a friend and received cash rewards.

FP Markets Demo Account

FP Markets allows anyone to open a demo account so they can experience the features and trading options it offers. You can practice Forex trading with $100K in your account.

FP Markets allows individuals to create demo accounts on the MT4 platform. There’s also a demo with IRESS Trader account, but many people found this a little complicated to use – especially for beginners.

Though the company has built a solid reputation when providing free demo accounts, many people prefer opening live CFDs straight away.

FP Markets – Is it a scam?

FP Markets are experts when it comes to market trading – they are definitely not a scam. They provide transparent pricing on all of their products and offer genuine customer service.

Moreover, their quality outputs have won them several awards from top financial organizations in Australia and the world in 12 years. The firm is accredited and standardized by the ASIC and FSA in the UK and Europe with a certified license of 286354 under the Australian law.

VIP Accounts on FP Markets

There are different accounts one can open under FP Markets for Forex and CFD. They all range from basic to premier accounts and tailors specifically to the needs of the customer.

For Forex, the basic account is the Standard type, which requires ones to deposit AUD 200 only. Traders will receive spreads starting from 1 pip and up to 1:500 maximum leverage.

Meanwhile, ECN Raw accounts require traders to deposit a minimum of AUD 1,000. Individuals will also get a maximum leverage of 1:500 and STP trade execution.

With CFDs, traders get to choose from three account types: Professional, Platinum, and Premiere Accounts. Each account comes with margins and commission rates which the trader has to hit every month.

Professional accounts require a $1,000 deposit and come with various fees which will be waived if the trader met his monthly targets. The Platinum account comes with higher commissions but requires traders to deposit at least $25,000.

Last, the Premier account is only for professional traders or those who know how to handle financial risks. All fees are waived by default are free of brokerage charges and platform rates.

FP Markets Support

FP Markets can be contacted through email, phone, and live chat. While email and phone support are only available according to the business hours of the country in operation, its live chat features are available 24/7.

The website supports three languages mainly for the European market. Traders can easily switch from UK English, Chinese, or Spanish.

FP Markets has offices in Sydney, Shanghai, and Beijing.

Trading Guides for New Traders

FP Markets has various educational tools and tutorials for interested traders who want to open accounts with the brokerage firm.

For one, the Trading Course is for those who want to know more of the industry like how to do Forex trading, market analysis, trading indicators, and platform overview to gain an advantage of the financial market.

The video tutorials are collated for traders who need guidance when coming across various concerns and issues. They have weekly insights about the financial market and platform instructional videos about the trading options.

Moreover, there are webinars and classes where one can take part and know the forecast of the trading market to have a winning leverage of the industry.

Meanwhile, there are various courses for beginner, intermediate, and advanced traders which include world markets, CFDs introduction, and fundamental and technical analysis and indicators to name a few.

FP Markets also has a couple of ebook courses and trading manuals to download for traders’ use. These ebooks talk about Forex, stocks, CFDs, opportunities, mistakes, and technical analysis of trading.

In addition, the web portal has a glossary of terms and research market analysis for traders too.

Conclusion

FP Markets is a highly reliable brokerage firm in Australia which is also certified by major finance organizations on the country. It is backed by its 12-year track record of providing high-quality service and transparency, which has resulted in their loyal clientele, as well as accolades from within the industry.

The company also operates with full transparency when it comes to pricing methods and services that are parallel to the rates of the brokerage transaction. Their trading platforms are detailed, challenging, and enables even new traders to easily study the current market trends.

FP Markets is voted as one of the best trading platforms not only in Australia but also in Europe. So, if you’re looking for a quality-grade and dependable broker, FP Markets is something you should look into.

Contact & License Info

Licensed by: ASIC, Australian Securities and Investments Commission

Address: Floor 5, Exchange House, 10 Bridge Street, Sydney, Australia
Official website: www.fpmarkets.com
Phone Number: +61 28 25 26 800
Email Address:support@fpmarkets.com
 Support Info: The support is open Monday – Friday
 Support Languages: English, Chinese and Spanish


Trading at FP Markets

 Products offered: CFD, Forex and Share Trading.
Trading Account Currencies:  US Dollars, Euro and many more (AUD, CAD, CHF, GBP, HKD, JPY, NZD, SGD)

 Minimum Deposit: $200
Minimum Trade: 0.01 lots

 Demo Accounts: Available (Registration is required)
 Payment /Withdrawal info: Bank Transaction, Credit and Debit Cards, Neteller, BPay, Skrill and China UnionPay.


Trading Platform Info

 Platforms being used at FP Markets: MetaTrader 4, MetaTrader 5 and IRESS.
 What to expect: 

  • Over 50 Forex Pairs
  • Over 7 Commodities (Gold, US Oil Futures Pricing, US Oil Cash, Brent Oil Cash and many more)
  • Cryptocurrencies
  • +100 Stocks
  • Stocks: IRESS DMA Equities, 10.000+

Other Useful Information

  • New traders can benefit from FP Market’s education section free of charge
  • The accounts are available 24/7 and you can start trading straight away
  • Demo accounts
  • Helpful support

How to Create an Account

With 24Option traders have the option to choose between regular accounts or demo accounts. Below you have the option to choose one of them.