FP Markets stands out as a Forex broker with multi-regulated status, low spreads, diverse instrument offering and a long-standing reputation.
Introduction
FP Markets, which stands for First Prudential Markets Pty is a well-established global financial technology services Foreign Exchange (Forex) and Contracts for Differences (CFD) broker. With over 15 years of experience, this multi-regulated broker has garnered a reputation for delivering exceptional trading services.
In this comprehensive review, we will explore the various aspects of forex trading with FP Markets, including their regulatory status, trading platforms, available instruments, customer support, educational resources, and more. By the end of this review, you will have a clear understanding of why FP Markets is considered one of the world's most trusted Forex brokers.
Regulation and Trustworthiness
FP Markets takes regulation seriously, which is a crucial factor when choosing a Forex broker. They are regulated by the Australian Securities and Investment Commission (ASIC). Which provide a leverage ratio of up to 1:500.
This stringent regulations ensure that FP Markets adheres to high standards of financial conduct, client fund segregation, and transparency.
With over 18 years of trading experience, FP Markets has established itself as a trusted brand, receiving numerous international awards and providing clients with peace of mind regarding the fairness and security of their trading activities.
Trading Platforms
FP Markets offers a comprehensive range of advanced trading platforms, catering to the diverse needs of traders. The widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are available, offering a user-friendly interface and a rich set of tools for conducting both fundamental and technical analysis.
Forex traders can access a variety of order types, indicators, and charting tools, empowering them to make informed forex trading decisions.
Additionally, FP Markets provides the IRESS platform, which is known for its robust features and advanced trading capabilities. WebTrader and mobile apps for both iPhone and Android devices are also available, enabling forex traders to access their accounts and trade forex on the go.
Available Instruments
FP Markets offers a vast selection of tradable instruments, catering to the diverse preferences of traders. In the Forex market, traders can choose from over 70 currency pairs, including major, minor, and exotic pairs.
With access to leading tier one financial institutions, FP Markets provides deep liquidity and competitive spreads as low as 0.0 pips on major currency pairs such as EUR/USD, USD/JPY, and GBP/USD.
Furthermore, FP Markets offers CFD trading in various asset classes, including indices, stocks, commodities, metals, digital currencies, bonds, and ETFs.
Forex traders can access global exchanges such as NASDAQ, NYSE, and the Australian Stock Exchange (ASX), enabling them to trade some of the world's largest companies.
Low Spreads and Fast Execution
FP Markets prides itself on providing competitive brokerage fees through tight, low spreads and lightning-fast execution. With low spreads starting from 0 pips, depending on the account type, forex traders can benefit from top-tier liquidity and market-leading pricing, allowing for cost-effective forex trading.
The execution of forex trades is facilitated by an NY4 server facility, ensuring fast and reliable order processing.
The combination of low spreads and fast execution creates favourable trading conditions, attracting forex scalpers and those utilising Expert Advisors (EAs) for their currency forex trading strategies.
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Education and Support
​FP Markets places a strong emphasis on forex trader education and support. The broker offers an extensive range of educational resources aimed at traders of all levels.
These resources include forex trading glossaries, eBooks, and video tutorials, providing valuable insights into various trading concepts and strategies.
The FP Markets Academy is an excellent bonus, offering technical analysis posts, latest market insights, and webinars to enhance forex traders' knowledge and skills.
The availability of multilingual customer support ensures that clients receive timely assistance whenever needed. The dedicated support team is available 24/7, reflecting FP Markets' commitment to delivering exceptional customer service.
Advantages of Trading with FP Markets
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Competitive Spreads and Low Fees: FP Markets offers highly competitive spreads and low fees, providing cost-effective trading conditions for traders.
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Deep Liquidity: With partnerships with leading tier one financial institutions, FP Markets offers deep liquidity, ensuring optimal order execution.
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Advanced Trading Platforms: Traders have access to advanced trading platforms such as MT4, MT5, IRESS, cTrader, and WebTrader, providing a wide range of tools and features for comprehensive market analysis and trading.
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Diverse Instrument Offering: FP Markets offers a broad range of tradable instruments, including Forex, indices, stocks, commodities, metals, digital currencies, bonds, and ETFs, allowing traders to diversify their portfolios.
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Regulation and Trustworthiness: Being regulated by reputable authorities, FP Markets provides clients with a trustworthy and secure trading environment, protecting their interests and funds.
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Educational Resources: The comprehensive educational resources provided by FP Markets empower traders to enhance their knowledge and skills, enabling them to make informed trading decisions.
Drawbacks of FP Markets
Lack of UK FCA Regulation: As FP Markets is based in Australia, it may not be regulated by the UK Financial Conduct Authority (FCA), which could be a concern for forex traders specifically seeking FCA-regulated brokers.
Conclusion
FP Markets is a global Forex and CFD broker that offers a comprehensive trading experience. With over 15 years of industry expertise, multi-regulation, and a strong commitment to customer satisfaction, FP Markets has earned its reputation as a trusted broker.
Forex traders benefit from competitive low spreads, fast execution, advanced trading platforms, a diverse range of instruments, and extensive educational resources. While the lack of UK FCA regulation may be a downside for some traders, the overall advantages and track record of FP Markets make it a compelling choice for those seeking a reliable Forex broker.
Risk Warning: CFDs are a financial product that are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.85% of retail investor accounts lose money when trading CFDs with this provider. If you decide to invest you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.