FP Markets is an Australian Forex and CFD broker founded in 2005 that provides true DMA access to the financial markets. Headquartered in Australia, the ECN broker is licensed and regulated by the ASIC with the ABN number 16 112 600 281 and the AFS licence number 286354. FP Markets is a leading provider of financial instruments, a world-class infrastructure with lightning-fast order execution and outstanding customer service.
FPMarkets Instruments and Trading Environment
The range of tradable assets at FP Markets is more than extensive and comprises more than 10,000 instruments, with stocks from 6 different international markets being particularly strongly represented. The broker offers a real advantage in CFD trading with DMA (Direct Markets Access) execution and the associated fast order execution.
For commodity trading, FPMarkets offers traders gold, silver, WTI crude oil and 15 commodities for DMA CFD trading, including wheat, soybeans, palladium and platinum. The range of indices offers 9 international indices for CFD trading and 9 for DMA CFD trading, including GER30, DJ30 and Euro Stoxx 50.
FP Markets offers around 50 currency pairs on the Forex market, as well as XAUUSD, XAGUSD and YPTUSD, where gold, silver and platinum can be traded not only against the US dollar but also against the Australian dollar (AUD). The spreads of from 1.0 pips on STP accounts and from 0.0 pips on ECN accounts are absolutely competitive.
FP Markets Trading Platforms
With MetaTrader 4, MetaTrader 5 and the IRESS platform FP Markets provides various trading platforms for trading on the financial markets. With the MetaTrader platforms, FP Markets offers the 2 most popular and widely used trading platforms in online trading. With their numerous features, the MetaTrader 4 and MetaTrader 5 platforms practically set the standard for online trading on the financial markets.
The platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have earned their leading position among brokers and traders in online trading with their numerous functions and the possibility to trade on almost all markets. In particular, the possibility of developing individual indicators and EAs with and for the platform means that it has a clear advantage over competing products.
The MetaTrader 4 is available at FP Markets for PCs with Windows, Mac computers, as WebTrader, as well as for mobile devices with Android and iOS operating systems. The same applies to MetaTrader 5, which is not available for Mac computers.
At FP Markets, traders can use the MetaTrader platforms as well as the IRESS trading platform for trading more than 10000 instruments. IRESS is a web-based platform that enables traders to trade with guaranteed DMA execution. The IRESS suite is a powerful platform, but its use is associated with certain costs. Even though these costs are rather low, the platform is aimed more at experienced and professional traders than at beginners and less experienced traders in online securities trading, also because of the much higher minimum initial deposit.
The IRESS platform is based on HTML5 code and can therefore be used with all common browsers. For mobile devices, apps for iOS and Android systems are also available for download in the App Store or at Google Play. IRESS is a powerful platform not only because it enables trading with more than 10,000 financial instruments, but also because it has all the features necessary for successful trading. With 59 already integrated indicators, more than 50 drawing tools and numerous functions that provide a perfect overview of the desired market, it leaves nothing to be desired for experienced and professional traders.
FP Markets Trading Accounts
On the FP Markets website you will find the account types in Forex accounts and CFD accounts where you can trade with up to 1:500 leverage. Forex accounts refer to MT4 and MT5 STP or ECN accounts, which allow trading in currency pairs, metals, indices and commodities and require an initial deposit of at least AUD 100 or the equivalent in the account currency. For CFD accounts, the IRESS platform is used, with which over 10,000 international equities can be monitored and traded in real time in addition to the asset classes already mentioned.
In the following tables you will find the conditions of the individual accounts, which will make it easier for you to choose the right account for you.
FP Markets Forex Accounts
|Standard Account||ECN RAW Account|
|Min. Opening Balance||100 AUD or equivalent||200 AUD or equivalent|
|Spreads||Form 1.0 Pips||Form 0.0 Pips|
|Instruments||50+ FX-Pairs, Metals, Indices, Commodities||50+ FX-Pairs, Metals, Indices, Commodities|
|Commission per Lot||Zero||AUD 3.5/Lot (100,000)|
|inimum Trade Size||0.01 Lot||0,01 Lot|
|VPS Available||Yes|| |
FP Markets CFD-Accounts
|Min. Opening Balance||$1.000||$25.000||$50.000|
|Brokerage Rate||$10 Minimum, then 0.1%||$9 Minimum, then 0.09%||No Minimum, then 0,08%|
|Financing||RBA +4.0%||RBA +3.5%||RBA +3.0%|
|IRESS Trader & Fee||$55 inc. GST fee is waived if you generate $150 in comm/month.||$55 inc. GST fee is waived if you generate $150 in comm/month.||Platform fee is waived.|
|IRESS Investor und Gebühr||Free||Free||Free|
|ASX Live Date Fee||$22.00 ASX Inc GST fee is waived if you generate $50 in comm/month.||$22.00 ASX Inc GST fee is waived if you generate $50 in comm/month.||ASX royalty fee is waived|
|ASX Delayed Data||Free||Free||Free|
|Telephone Trades & Fee||No additional charge||No additional charge||No additional charge|
FP Markets Deposits and Withdrawals
FPMarkets offers the most popular online trading payment methods for deposits and withdrawals. In addition to the classic payment options with credit card and bank transfer, traders can also use various e-wallets for payment transactions with the broker. These are: Neteller, Skrill, FasaPay, BPAY and NganLuong.von. Please note, however, that individual e-wallets are only available in certain countries and only Neteller deposits and withdrawals are available in all available account currencies (AUD, USD, EUR, GBP, CHF, CAD, HKD, JPY, NZD, SGD). However, FP Markets also offers the option of transferring funds from other brokers, which makes changing brokers a lot easier. The transfer can be easily done by using a form provided which must be completed and sent to FP Markets and the current broker.
For initial withdrawals, traders must send a provided payout form to FP Markets, specifying the required information. A copy of a valid photo ID must also be attached to the form. Subsequent withdrawals can easily be made via email or a form on the website.
FP Markets Education and Tools for Traders
At FP Markets, traders will find educational material aimed at beginners, advanced and experienced traders. The information starts with basic things for beginners such as "What is a CFD", up to challenging topics for experienced traders such as "Speculating with CFDs". Assuming you are seriously and thoroughly working with them.
Traders will also find an extensive collection of video tutorials and videos from the weekly FP Markets webinars on the website. For those who prefer to learn by reading or need additional written educational material, various eBooks are also available for download. Their topics range from basic things like avoiding mistakes in CFD trading to trading strategies and recognising trading opportunities in volatile markets.
FP Markets Support and Customer Service
At FP Markets, support is available to traders via telephone (Australian phone number), e-mail, and live chat in 12 different languages, including German, French, Spanish, Russian, and Asian languages such as Vietnamese and Indonesian. FP Markets customer service staff are friendly and highly competent in all matters.
Screenshot FP Markets Website
FP Markets - Concluding Rating
If you look at FP Markets as a whole, you will find an almost perfect broker for online trading on the financial markets. The range of trading instruments includes all the required asset classes, the trading platforms meet all the requirements for successful trading and the customer service is excellent. FP Markets Forex accounts are certainly an excellent choice for beginners and advanced traders, and experienced and professional traders will find a professional platform at favorable conditions here.