FP Markets Review

Key Features:

• Leverage: Up to 1:30
• Regulation: ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent and the Grenadines), FSCA (South Africa), CMA (Kenya)
• Minimum Deposit: $100
• Headquarters: Australia
• Trading Platforms: IRESS, MT4, MT5, cTrader
• Founded: 2005

FP Markets Licenses

• First Prudential Markets Pty Ltd: Authorized by ASIC (Australia), registration ABN 16 112 600 281 AFS 286354
• First Prudential Markets Ltd: Authorized by CySEC (Cyprus), registration 371/18
• First Prudential Markets Pty Ltd: Authorized by FSCA (South Africa), registration 50926
• First Prudential Markets Ltd: Authorized by FSA (St. Vincent and the Grenadines), registration 126 LLC 2019
• First Prudential Markets Ltd: Authorized by CMA (Kenya)

What is FP Markets?

FP Markets, established in 2005, is a well-known Forex broker offering a professional trading experience to over 12,000 clients worldwide. Based in Sydney, Australia, the broker leverages ECN electronic bridges and cutting-edge trading technology to provide a powerful trading environment. FP Markets continues to innovate and expand, including opening a European entity in Cyprus to cater to the EEA zone.

Trading Solutions and Platforms

FP Markets offers a range of trading platforms such as IRESS, MT4, MT5, and cTrader. The broker’s use of ECN technology ensures direct access to liquidity providers, with no dealer intervention, through the Equinix NY4 Data Centers. This technology offers fast execution speeds and favorable quotes, with spreads starting from 0.0 pips.

Global Presence

Originally an Australian broker, FP Markets has expanded globally, establishing entities in Cyprus and South Africa, among other regions. This global coverage allows the broker to offer diverse trading conditions and a wide range of assets.

Educational Resources

FP Markets provides extensive educational resources suitable for both beginners and experienced traders. The broker is recognized for its excellent trading education, continuously enhancing its offerings to support traders’ needs.

Pros and Cons

Pros:

• Regulated Broker: Fully regulated by ASIC, CySEC, and other authorities.
• Trading Environment: Excellent trading conditions and ECN environment.
• Platform Variety: Offers a good selection of trading platforms.
• Low Pricing: Competitive pricing with a $100 minimum deposit.
• Educational Resources: High-quality education and research materials.

Cons:

• Stock Spreads: Higher spreads for stock trading.
• Withdrawal Fees: Some withdrawals incur additional fees.
• Variable Conditions: Trading conditions may vary based on the entity.

Awards and Recognition

FP Markets has earned multiple awards for its service excellence and trading conditions. Recent accolades include:

• Best Global Forex Value Broker
• Best Forex Broker Australia
• Outstanding Value CFD Provider
• Best Forex Partners Programme in Asia
• Best Trade Execution
• Most Transparent Broker at Ultimate Fintech Awards APAC 2023

In 2023, FP Markets also secured a Hat-Trick at the Global Forex Awards for ‘Best Value Broker – Global’, ‘Best Broker – Europe’, and ‘Best Partners Programme – Asia’.

Is FP Markets Safe or a Scam?

FP Markets is a safe and trustworthy broker, regulated by reputable authorities such as ASIC in Australia and CySEC in Cyprus. The broker adheres to strict regulatory standards, ensuring compliance with necessary laws and operational guidelines. This regulatory oversight makes FP Markets a reliable choice for Forex and CFD trading.