FP Markets Reviews [2024]: Pros & Cons!

Online Trading » Trading Brokers » FP Markets Reviews [2024]: Pros & Cons!

FP Markets is an Australian broker that has been operating for 15 years with a range of services of enviable quality.

In this FP Markets review we will try to learn more about the features of this broker, sharing Pros & Cons on its use!

fp markets

Is FP Markets a scam?

Is FP Markets a Scam? No! This operator has been one of the best-known brokers in Australia for over 15 years and it is one of the best broker in CFD Trading in the world, with a quality service, customer support that is always ready to respond to your needs, many accounts and trading platforms to use and a level of innovation that makes every investment within its system safer and more satisfying!

For the second time in a row, FP Markets scored a hat-trick at the Global Forex Awards 2023 by winning these awards:

  • Best Value Broker – Global
  • Best Broker – Europe
  • Best Partners Programme – Asia

If you want to experience its qualities first hand before you even make a deposit, you can still do so by opening a demo account on its official website!

>>> Register for Free at FP Markets (official site) <<<

What can I invest in with FP Markets?

We are absolutely aware that one of the basic requirements of a good broker is the ability to invest in the widest range of assets available.

This is also where FP Markets proves to be number 1! The Australian broker allows you to invest in stocks, indices, Forex currencies, metals and much more, in line with your strategy: we are sure you will find everything you want and even the ‘rarest’ assets!

FP Markets is constantly being updated. At the end of November, for example, the broker expanded its CFD offer on commodities by adding aluminium, zinc, copper and nickel in addition to the instruments already present.

Above all, Forex offering remains very interesting. Recently, in fact, FP Markets expanded its offer of exotic currency pairs. Thanks to these new features, it is now possible to trade the Mexican peso (MXN), Brazilian real (BRL) and South African rand (ZAR) against the US dollar. The additional offer increases the total number of currency pairs available for trading on FP Markets to more than 70. New currencies are available via the FP Markets MT4 and MT5 platforms.

fp markets homepage

FP Markets trading accounts

FP Markets has chosen to make several trading accounts available to its customers and, therefore, several opportunities to meet their investment needs in an even more dedicated manner.

Each of the trading accounts available at FP Markets is therefore even more dedicated to its audience of investors, differing from one another in terms of economic conditions and other specificities that we recommend you explore further on the official FP Markets website.

In any case, don’t worry!

Not only will you be able to compare the broker’s different solutions in a very simple and transparent manner, thanks also to special comparison tables, but you will also be able to change the type of your account whenever you wish, by making direct contact with customer support.

In addition, we would also like to remind you that all FP Markets trading accounts have much of the same features in common, such as maximum leverage of up to 500:1 and the widest range of tradable assets! In more detail here are the main features of the two main accounts available at FP Markets (there is also a third option, Islamic account).

>>> Register for Free at FP Markets (official site) <<<

FPMarkets Standard Account

  • Minimum initial balance: $100 or equivalent
  • Spreads: from 1.0 pip
  • Instruments: Over 70 FX pairs, metals, indices, commodities
  • Maximum leverage: 500:1
  • Execution: ECN prices
  • Commissions per lot: zero
  • Minimum transaction size: 0.01 lot
  • EA: Yes
  • Mobile application: Yes
  • VPS: Yes

RAW FPMarkets Account

  • Minimum Initial Balance: $100 or equivalent
  • Spreads: from 0.0 pip
  • Instruments: Over 70 FX pairs, metals, indices, commodities
  • Maximum leverage: 500:1
  • Execution: ECN prices
  • Commissions per lot: USD $3 per side
  • Minimum trade size
  • EA: Yes
  • Mobile application: Yes
  • VPS: Yes
FP Markets

FP Markets Trading Platforms

You can invest with FPMarkets using a good range of trading platforms, within which you will certainly not struggle to find the one that suits you.

For example, we like to point out that FP Markets has chosen to make the MetaTrader 4 and MetaTrader 5 platforms available to its users, which will open the door to even more professional trading.

If, however, you do not want to install software on your PC, you can still use the MetaTrader Web trader, which will allow you to invest in the financial markets without installing any software. All you need is a browser and an Internet connection!

Finally, one of the broker’s latest innovations is the possibility to trade on the cTrader platform, which is known for being technologically advanced and with different types of charts, which are useful for a complete trading strategy in all respects!

Deposits and Withdrawals with FP Markets

FP Markets allows you to make deposits and withdrawals to and from your trading account using the main fund transfer tools.

You can use the most popular credit and debit cards, PayPal and other e-wallets, or bank transfers to deposit the amount you want into your account with the broker.

We would like to remind you that operations are carried out in accordance with the best security standards adopted by online brokers, and that they are carried out instantly, with the sole exception of bank transfers. In this case, you will have to wait a few working days to see your new trading account balance.

FP Markets Copy Trading

Is it possible to copy the best traders on FP Markets? Today, all the best brokers offer free copy trading and FP Markets is no different. The Australian broker allows you to follow experienced traders and replicate their trades. Thanks to this feature, copy trading can eliminate the complexities of forex and CFD trading.

To start copy trading with the Australian broker, you need to follow these simple steps:

  • Open a live account on official website
  • Deposit funds
  • Choose the most successful traders – the vendor ranking based on profitability that is made available (and updated real time) by the broker can be very helpful.
  • Once you have chosen the trader to copy, you must click on Follow
  • Activate the various Copy Trading options (there are many tools available. For example, it is possible to copy several providers using different trading systems)
  • Check the performance of the operation (if you are not satisfied you can suspend the operation at any time).

As can be deduced from the above, FP Markets Copy Trading is very easy to manage and is an undoubted added value of the broker!

>>> Register for Free at FP Markets (official site) <<<

Register for FREE at FP Markets

If at this point in our FP Markets review you’ve finally decided to test out the services of the trader and open a free account, all that’s left to do is to take action!

The first thing you need to do is go to the FP Markets website and click Open an account. Then, fill out the form that will be presented to you with your personal details, and follow the instructions on the screen. You will be asked to provide some information about your investment habits and to send a copy of your valid identity documentation.

At the end of this short procedure, you will have access to your trading account and will be able to make demo investments or, if you prefer, replenish your account balance in order to move on to real money investing.

If you need support during the FP Markets account registration process, or at any time thereafter, you can simply request help from the broker’s customer support team by clicking on the Live Support button on the right-hand side of each page!

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