FP Markets Reviews
FP Markets Customer Reviews (13)
- Most recent
- Oldest
Verified Buyer
Verified BuyerVerified BuyerVerified BuyerVerified BuyerVerified BuyerVerified BuyerVerified BuyerVerified BuyerVerified BuyerFP Markets Customer’s Q&A
FP Markets Features and Benefits
FP Markets is a well-regulated online trading platform known for its low Forex trading fees and tight spreads from 0.0 pips. It offers high leveraged CFD trades, with maximum available leverage going up to 500:1.
Key features and benefits include:
- Low Minimum Deposit: FP Markets requires a minimum deposit of just $100, making it accessible to a wide range of traders.
- Fast Account Opening: The account opening process is easy and fast.
- Low Spreads: It offers low spreads on various currency pairs.
- 24/7 Customer Support: It provides round-the-clock customer support.
- Advanced Trading Platforms: It offers advanced trading platforms including MetaTrader 4 (MT4) & MetaTrader 5 (MT5), TradingView, IRESS, cTrader and WebTrader.
- Mobile Apps: It offers mobile apps for iPhone and Android devices for trading on the go.
- Automated Trading: It provides superior Virtual Private Servers (VPS) solutions for Expert Advisors (EAs), scalping, and auto-trading.
- Copy Trading: It offers a Copy Trading feature where traders can follow and copy top-performing traders.
- Educational Tools: It provides several excellent educational tools, such as demo accounts and e-books.
It's important to note that trading involves risk and it's important to understand the risks involved before starting to trade.
FP Markets Pricing
FP Markets offers competitive pricing for its services. Here are some key details:
- Trading Fees: FP Markets charges among the lowest trading commission fees in the industry. The platform uses a Direct Market Access (DMA) pricing model for CFD Equities and Futures.
- Equity CFD Exchange Commission: For Australia, the commission per side is 0.06% with a minimum charge of 6 AUD. For international futures CFD exchange products, the standard commission varies.
- Forex Exchange Commission: There is no commission for Forex, Metals, Commodities, and Index as it's built into the spread.
- Platform Fees: The platform fee charged depends on the trading platform you choose to use. MetaTrader 4 and MetaTrader 5 are free to use, as is the Iress Mobile version. However, for Iress Trader / ViewPoint, there is a $65 monthly fee.
- ECN Pricing: FP Markets streams price feeds directly from liquidity providers, offering extremely competitive spreads, ultra-low latency execution, and minimal slippage.
- Spreads: FP Markets offers spreads as low as 0.0 pips.
Please note that trading involves risk and it's important to understand the risks involved before starting to trade.
Payment Method
FP Markets offers a variety of payment methods for depositing funds into your trading account. Here are some of the key details:
- Credit & Debit Card: Accepted currencies include AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED. The deposit time is instant for MT4/5 and 1 business day for Iress. There are no deposit fees.
- Bank Transfer: Accepted currencies are AUD, USD, EUR, GBP, SGD, CAD. The deposit time is 1 business day from when the funds are received. No deposit fees are charged from FP Markets.
- Payment Wallets: FP Markets accepts payment wallets including Neteller and Skrill. The accepted currencies are AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USD. The deposit time is instant for MT4/5 and 1 business day for Iress. There are no deposit fees.
- SticPay: Accepted currencies are JPY, EUR, GBP, USD, HKD, TWD, KRW, SGD. The deposit time is instant and there are no fees.
- Virtual Pay (African Payment Method): Accepted currencies are KES, UGX, TSH. The deposit time is instant and there are no fees.
- Rupee Payments: Accepted currency is INR. The deposit time is instant and there are no fees.
- Online Bank Transfer (Brazil, Chile, Colombia, Mexico and Peru): Accepted currencies are BRL, MXN, COP, CLP. The deposit time is instant and there are no fees.
- Cryptocurrency Solution (LetKnowPay): Accepted currencies are ADA, BCH, BTC, DASH. ETH, LTC, PAX, XRP, TUSD, USDC (ERC20), USDT (ERC20), USDT (TRC20), ZEC. The deposit time is up to one hour and blockchain fees are applicable.
Please note that trading involves risk and it's important to understand the risks involved before starting to trade.
FP Markets FAQs
FP Markets Alternatives
Here are the top 10 alternatives to FP Markets:
- eToro: Known for its social trading feature, allowing users to follow and copy trades from top-performing traders.
- OANDA: A US-based forex broker.
- Forex.com: A global CFD and forex broker.
- Ig: Another global CFD and forex broker.
- Interactive Brokers: An international broker providing all asset classes.
- XTB: A global CFD broker.
- Saxo: A Danish investment bank.
- Admirals (Admiral Markets): A global forex and CFD broker.
- IC Markets: A global forex broker.
- Capital.com: A global CFD broker.
Each of these platforms has its own unique features and advantages, so it's important to research and choose the one that best fits your trading needs and preferences. Remember, trading involves risk and it's important to understand the risks involved before starting to trade.
FP Markets Return Policy?
The return policy of fpmarkets.com is not explicitly stated on their website. However, it's important to understand that fpmarkets.com is a financial trading platform where users trade various financial products such as Forex, CFDs, Indices, Shares, Commodities, Metals, and Bonds. Therefore, the concept of a "return policy" as it applies to traditional retail might not be applicable here.
Instead, fpmarkets.com has a withdrawal policy. Once deposits have been withdrawn, an alternative method can be used to withdraw profits. For example, if the initial deposit was made by card deposit, the card withdrawals must be made to the same credit/debit card. If the initial deposit was made via bank wire, it would need to be returned to the same bank account and so on.
It's crucial to note that all investments, including speculative trades, are subject to investment and other risks. These risks are outlined in detail in the Product Disclosure Statement provided for the relevant product. Therefore, it's recommended to fully understand the risks involved, and seek independent advice if necessary, before making any investment.
If the information provided is not sufficient, please consider reaching out to fpmarkets.com directly for more specific information regarding their policies.
How To Open A FP Markets Account?
To open an account on fpmarkets.com, follow these steps:
- Enter your name, email address, and country of residence.
- Provide further information about yourself, such as your date of birth, address, and occupation.
- Select the account type, trading platform, and base currency.
- Fill out a brief questionnaire to demonstrate your understanding of various financial products.
The MetaTrader 5 (MT5) platform is available for trading a variety of asset classes and features an array of advanced tools. It's designed to suit traders of all levels. The layout and user interface of MT5 are similar to the popular MetaTrader 4 (MT4) trading platform, which makes it easy for traders to make a seamless transition. MT5 is faster and more efficient while providing a wider range of trading tools.
The platform can be downloaded for free and accessed on the device of your choice. You can access the web version of the platform directly via a browser or access the software on your PC (Windows, MacOS, or Linux). There are also mobile versions of the trading platform available for download in Google Play and the App Store for respective Android and iOS devices.
The platform is highly user-friendly and easy to navigate, allowing you to access trading functions from a single menu. Users can customize the toolbar in order to quickly implement your most commonly used commands. This is a very useful feature for traders with defined trading strategies.
Remember, trading involves risk and it's important to understand the products you are trading and the associated risks.
Explore Similar Stores
See All Stores
