FP Markets Forex broker Review 2018
i have to mention that originally i was not that familiar wit this broker and thought they they were a new one that hit the market just recently.
being in Europe we do not get all the brokers from all over the world and as such i had no idea who i was dealing with.
when i though they were new ,,, Boy was i wrong.
this is an australian broker with an amazing reputation and have been on the market for a very long time.
FP Markets was established in 2005, and today FPMarkets is a world leading online Bitcoin, Forex and CFDs broker.
Detailed review & ratings must read FP Markets Forex broker Review 2018
- Website: www.fpmarkets.com
- Founded: 2005
- Company: First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354).
- Headquarters: Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia
- Regulation: ASIC
|International offices||Shanghai, Beijing , more will follow expected in Europe|
|Broker Type||ECN/STP • STP|
|Broker Status||Independent Broker|
|Accept U.S Clients||No|
|Phone||+61 2 8252 6800|
|Website Languages||Chinese, Spanish. English|
FP markets is today one of the top Forex, CFD and Bitcoin brokers in the ever growing STP/ECN retail Trading arena.
FP markets Regulation
At this moment FPmarkets, is regulated by ASIC and operates with the license number 286354 issued by the Australian Financial Services.
Today they look to expand their operation and are in the process of acquiring the license for Cysec which will allow them to enter the European market and give the traders there the opportunity to trade with this brokerage.
The Company provides Trading services to traders from all over the World while their largest base is still Australia and surrounding Asian countries.
Therefor the second language is Chinese and third Spanish but while they enter now the European market is expect more language are to follow.
FP markets Awards & Promotions
FPmarkets has collected till today over 35 industry awards for their pursuit and executions of excellence. especially their customer relations and the manner and period they are dealing with trader related issues is one of the best in the industry.
The offer some promotions but are not pushing this as they understand theat their clientele are more interested in their trading conditions. also they do not have any competitions and contests.
Their promotions are accessible for the new as well as the existing clients.
The promotions and ongoing offers they are running at this moment will always displayed at the FAQ page instead of their dashboard or homepage.
FP markets Trading Platforms
The underlying asset prices are shown on the powerful, web based IRESS trader ( find here a guide about this platform). This platform is known to be the most advanced CFD trading software in the industry as it will enabling Traders and investors to execute trades in multiple products on up to 8 global financial exchanges.
Very recently in early 2017 IRESS launched its upgrade to the Iress trader platform built on efficient HTML5 code. The new platform provides multi-product execution and access to level 2 exchange data as standard. The new fluid and intuitive interface design coupled with major upgrades to charting and analytic tools cements Viewpoint as the future of trading systems.
IRESS trader Key Features:
- Ability to set alerts on news and price levels
- Ability to set alerts on trade execution, news and price levels
- market heat map
- Real-time financial news
- Access to trade pre and post market auctions
- Advanced charting
- Advanced order management
- Compatible for Windows or MAC
- Compatible, on iPhone, iPad and Android devices
- Customize and save multiple watch lists
- Enhanced charting
- Fast and easy order placement
- High performing tools
- Highly customizable interface
- HTML 5 technology supported on all major web browsers
- Live dynamic pricing
- Module linking
- Track portfolio and holdings
- Transparent Pricing
FP markets Metatrader 4
Besides this Trading Platform they offer access to the one and only Metatrader 4 trading platform.
The FP Markets Metatrader 4 platform is designed to give traders an advantage in the dynamic world of Forex trading. A true ECN trading environment with advanced charting, real-time quotes, detailed news and insights and a suite of automated trading options (EA’s). traders are able to trade with leverage up to 500:1 and spreads from as low as 0.0 pips.
Metatrader 4 Platform Features
- Streaming Live Prices on Live and Demo platforms
- Market Watch and Multiple Chart Windows
- Numerous Order types
- Expert Advisor and Indicator tools for trading
- One Click Trading
- Multiple add-on platforms to access your trading anywhere, anytime
- Client Terminal security communicates over a 128bit Secure Encryption
- Alerting features
- Fully customisable desktop, including background, font and chart colours
- Multiple Language options changeable at a click of a button.
FP markets Metatrader 5
One of the most technologically advanced trading platform. The FP Markets MT5 offers modern traders accessto a world of opportunity.
MT5, the metatrader platform is the evolution of Metatrader 4 (MT4). Having invested in continuous development, testing and enhancements the Metatrader Platform 5has been established as an extended next generation trading platform.
MT5 offer traders the opportunity to trade an extended number of instruments from a variety of asset classes. Traders are able to trade using different settings from the same account and more importantly the same interface.
the key features that made MT4 the most sought after and used trading platform, not only been maintained on the upgraded MT5 but have also been improved allowing traders to trade on a whole different level.
Being a truly multifunctional platform, MT5 includes all new features which have been developed using state of the art technology.
Trade Forex, Indices, Commodities & Bitcoin on the FP Markets MT5 platform
- Ultra Low Spreads from 0.0
- 67+ Trading Instruments
- $200 Initial Deposit
- Leverage up to 500:1
Metatrader 4 Platform Features
- Trade via your PC, Web-trader, Mobile or Tablet
- One Click Trading
- Display Currency Market Depth
- 6 pending orders types including Buy Stop Limit and Sell Stop Limit
- 80+ inbuilt indicators & graphical objects
- 21 timeframes
- Inbuilt Economic Calendar
- Improved strategy tester for EAs
- Hedging allowed
FP markets Assets
This is at the same time one of their most noticeable features.
This broker has a huge amount of trad-able assets .
When you open a CFD account with just $1,000 it will give you access to 10,000 financial instruments to trade.
These range from forex pairs, ETFs, indices, equities, futures contracts till commodities across multiple global markets.
FP markets Offers Bitcoin Cryptocurrency Trading
The opportunity for cryptocurrency trading with the Bitcoin underlying asset has been introduced by FPmarkets to the MT4 forex account with leverage up to 10:1.
When trading BTC traders don’t own the actual Bitcoin asset, but predict price movements of the underlying Bitcoin asset against other major currencies such as the USD ( currently only outside the EU till their regulation with Cysec comes through).
FP Markets Account Information
$100,000 Demo Account
Forex traders are given the potentially valuable opportunity of testing the MetaTrader4 trading software with a demo account and $100,000 of virtual funds.
Practice trading is completely risk-free and provides a practical way to learn about the tools and charts on the MT4 platform as well as the quality of this Broker.
All that FPmarkets requires for opening a demo account is a name, email address, phone number and country from anybody requesting a demo account.
Islamic Account FP markets
FP Markets does offer Islamic accounts but Swap-free Islamic accounts are available at FP markets on request and only after setting up one of the regular MT4 or MT5 Forex accounts.
When your request is approved they will convert your regular account to an Islamic account. This means that the account becomes free of swap charges or swap credits on trading positions remaining open overnight. Keep in mind thou that positions remaining open over two consecutive days are charged an administration fee by FPmarkets.
there are 2 Forex Accounts :
|Minimum Opening Balance||$ 200 AUD or equivalent||$ 1000 AUD or equivalent|
|Spreads||From 1.0 pips||From 0.0 pips|
|Instruments||50+ FX pairs, metals, Indices, Commodities||50+ FX pairs, metals, Indices, Commodities|
|Commission per Lot||Zero||AUD $3.5 per 100,000|
|Minimum Trade Size||0.01 Lot||0.01 Lot|