FPmarkets Review

Min. Deposit: $100

 

ABOUT FP MARKETS

First prudential markets which is short for FP markets was founded in 2005 and regulated in Australia. It has grown to become not only one of the largest but also the most reputable players in the industry. 

 

More so, FP has its headquarters in Sydney with an additional entity that is registered in the Grenadines and Saint Vincent. As an award-winning broker, FP offers over 10,000 products which include commodities, cryptocurrencies, indices, and share CFDs.

 

Clients of FP markets span the globe from Europe to Malaysia and the UK. Currently, they serve over 12,000 clients worldwide and one of their strongest points is their use of ECN electronic bridges. They developed ECN technology to provide direct access to the liquidity providers without any form of dealer intervention via Equinix NY4 Data Centers.

 

Moreover, they execute orders at the best possible price within offering for the particular asset. FP markets also enhance its proposal with powerful trading technology and also invest in its innovation. 

Subsequently, their technology is currently the leading solution which provides the most favorable quotes with spreads from 0.0 pips and extremely fast execution speeds, allowing you to prominently benefit from it.

FP MARKETS REGULATIONS

FP Markets is regulated by the Cyprus Securities and Exchange Commission CySEC and ASIC, which is short for “Australian Securities and Investment Commission”, a financial watchdog and a corporate regulatory body in Australia. The company holds a license of the Australian Financial Service which means that they must adhere strictly to guidelines concerning the products as well as services provided.

 

Based on the regulatory requirements FP markets is audited by BDO Australia which is an external independent auditor. Besides, the client’s funds are also segregated and held with banks that are AAA rated such as Commonwealth Bank of Australia or National Australian Bank.

FP MARKETS PLATFORM AND TOOLS

Meta Trader 4

Also known as MT4, this trading platform is one the most powerful platform for trading and this makes it a top choice among traders of any level. More so, FP markets have been able to partner with some of the leading forex liquidity providers in order to ensure fast reliability and execution for their clients. With Meta Trader 4, you’ll enjoy advanced and automated trading alongside features like:

 

Access to Expert Advisors (EAs)

  • One-click trading
  • Market watch
  • 50+ pre-installed indicators for technical analysis
  • Real-time pricing
  • 9-time frames, 3 charts, and 24 graphical objects

 

MT4 is very much compatible with Windows 7, Mac OSX, or higher PCs and it can be downloaded from the brokers’ website as soon as you register.

 

 

Meta Trader 5

This trading platform is for the ultimate professional experience and it offers top-notch features, signals, charting capabilities, and copy trading and automated functions. With this, traders also stand to enjoy an improved strategy tester for better precision along with trading robots. Some of its features include:

 

  • Advanced Market Depth
  • Economic calendar
  • 6 pending stop order types
  • Exchanged trading and scalping allowed
  • Up to 100 charts open simultaneously
  • 21 time-frame and 44 graphical objects
  • 80+ technical indicators for technical analysis

 

MT5 is also pretty compatible with Mac Pcs and Windows and it can also be downloaded from the website of the broker.

 

Meta Trader WebTrader

With WebTrader, you can trade from anywhere so long as you have a good internet connection. It offers the same execution and functionality capabilities as the desktop platform. Moreover, it requires zero installation and allows for real-time price quotes, one-click trading, data synchronization across all platforms, and the complete suite of tools. It can be easily accessed from the broker’s website so long as you have an internet browser.

 

Iress

FP Markets also offers 3 extra trading platforms which are Iress investor, Iress Trader, and Iress Viewpoint. The Iress suite is actually a top-rated Direct Market Access execution system. Although these platforms are quite similar, the Iress Viewpoint is the upgraded version of Iress Trader while Iress Investor is created for investors with an interest in hedging strategies.

All Iress platforms have technical indicators including momentum, trend, and volatility indicators such as MACD (Moving Average Convergence Divergence), Bollinger Bands, and RSI ( Relative Strength Index). Some features found in all there platforms are:

 

  • Market Depth and real-time quotes
  • Access to market hit map
  • Live streaming news
  • Trade pre and post-market auctions
  • Customizable alerts
  • Advanced order management
  • 50+ technical indicators and 50+b charting tools

 

Iress is very much compatible with Mac PCs and Windows and can be accessed upon registration.

FP MARKETS LATEST AWARDS

On the 4th day of October 2019, FP markets was given the Best Global Forex Value Broker Award at the Global Forex awards 2019. This was in a bid to celebrate FP Markets’ excellence in the market industry for being the best provider. 

 

A similar event also occurred on the 5th day of November 2020 as FP Markets was recognized as the ‘Best FX Broker Australia for 2020 at the FX Australia Forex Awards. Trading platforms, top-tier liquidity, competitive trading conditions, and top notch customer service were singled out as the factors considered for crowning FP markets the winner.

FP MARKETS EDUCATIONAL MATERIALS

FP Markets also offers a variety of trading tools and educational resources that are suited to all levels. These include:

 

  • Video tutorials for trading platform setup
  • Traders hub with articles and blogs
  • My fx book copy trading platform
  • Forex calculator
  • Economic calendar
  • Live trader dashboard with price analysis
  • E-books on the basics of technical and fundamental analysis
  • Virtual Private Server (VPS)
  • Traders toolbox for MT4
  • Autochartist MetaTrader plugin

FP MARKETS TRADING INFORMATION

With FP markets, you are offered an excellent trading environment alongside raw spreads and a choice of DMA or ECN accounts. Typically, the Iress and MetaTrader platforms are suited to both experts and beginners while there is a substantial choice of cryptocurrencies, forex, equity CFDs, and futures.

 

Moreover, the MetaTrader platforms are very much protected with an option to enable two-factor authentication at login and 128-bit Secure Sockets Layer (SSL) encryption. Besides, all payment and funding options are secure and comply with all the industry regulations.

FP CUSTOMER SERVICE                               

One of the factors that pitch FP markets as the best in the industry is their unmatched customer service. It is available for clients through emails, phone, and even online live chat. Apart from the positive feedbacks and high regard from clients, FP markets also support a variety of languages so even a foreign client can always count on their quality service.

 

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