One of the users raised a query on Quora regarding the legit status of FP Markets, in response to that, Kane Ferdinand shared his personal experience and referred to it as a promising broker. Depositing money into your account can be done through a wide range of methods. FP Markets only allow deposits from the accounts that were opened under the name of the trader in question. All payment methods accept different currencies and work in different regions, so it’s up to the client to choose the method that is suitable for them.

FP Markets Spreads and Instruments

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  1. However, as with the IRESS trader above, these fees will be rebated if you make a certain number of trades a month.
  2. For example, if you deposit to your Iress account with Neteller, you will have to pay 4% on top of your deposited amount.
  3. Overall, the research & education at FP Markets are of high quality and add value to the core trading environment.
  4. This is actually worth it if you think about the increase in trade execution speed you garner from using a professional machine.
  5. Given that FP Markets is an ECN broker and that they offer Direct Market Access, they have some really low spreads on their assets.

Is FP Markets an ECN broker?

They have translated their website into another 11 different languages. All of these factors have helped FP Markets grow exponentially and they currently have over 200,000 clients across the world. They have also been recognised by a number of industry bodies and have won numerous awards from the Investment Trends Reports. The support staff can converse in a wild variety of languages including English, Spanish, Italian, Arabic, German, Indonesian, Thai, Portuguese, Japanese, Malay, Greek, and Chinese.

Customer Support

Funding your account is pretty easy and you will head on over to the “funding section” within your account management. These apps give you a great deal of functionality that is just not available on other apps. This includes mobile charting, order management, technical studies and other useful indicators. However, you can make use of both the MT4 and MT5 mobile apps that have been developed by MetaTrader. These are available in both iOS and Android and are one of the most downloaded trading apps in the world.

When trading FP Markets commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. Based in Sydney, FP Markets is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation. I had a challenge login in to my MT5 account on both my mobile and desktop, Andreas came to the recue within less than 3 min I was back on my trading platform.

There are no internal withdrawal costs at FP Markets, but third-party charges may apply, dependent on the selected method. Processing times also depend on the chosen method, and FP Markets notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where FP Markets lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors.

The Adaptive Divergence Convergence (ADC) indicator is a useful tool to trade for shorter periods and under timed conditions. This is more for those traders who employ a buy-and-hold strategy and don’t need the latest charting and data feeds. This is a slightly upgraded trading platform that has more charting functionality. It also has other goodies like an economic calendar and market depth chart. They offer their traders both ECN execution and Direct Market Access (DMA) with CFDs.

Trading Central is a service provided under the MT4 platform, which is a set of next-generation market indicators that analyze markets based on trading perspectives. The Analyst Perspectives indicator is a go-to solution for expert help at higher levels of trading. The Adaptive Candlesticks indicator identifies patterns in trade charts, illustrates significant changes, and helps in constructive trading.

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FP is unsurprisingly keen to share the details of their forex spreads and the pricing matrix which is well laid out and user-friendly. An additional nice to have is the multi-account management (MAM/PAMM) accounts which partner client’s accounts to institutional fund managers. FP Markets is regulated by the Australian Securities and https://traderoom.info/ Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies regulate and supervise the activities of the broker. Users can reach out to customer support via Live Chat, Call Back, and Email Support. Customers can reach out via live chat, which is available 24/7 Monday to Friday.

Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Customers can register a Standard Forex account with a starting balance of $100 only.