FP Markets Review, 2021: FP Markets Broker was incorporated in Sydney, Australia, in 2005, and through its 14 years of experience, FP Markets company succeeded to be one of the Market leaders in providing CFD and Forex. Their vision was to create a one-stop destination where traders could access a full suite of trading products in global markets. The convenience of being able to trade CFDs across equities, forex, indices, commodities, futures, and cryptocurrencies from one account is one factor that makes FP Markets one of the MOST loyal Brokers in the Market.
FP MARKETS REVIEW — KNOW THE HISTORY
FP Markets Broker is one of the oldest and the most prestigious Forex and CFDs providers you have ever come across. Founded in 2005, they are now considered the first option to invest your money in the trading platform.
They are regulated by the strictest regulations globally known as “ASIC,” and the headquarter is in Australia. In May 2020, they celebrated their anniversary and launched the new trading design that millions of people loved worldwide.
With FP Markets Broker in the house, you tend to roll with more than 13 thousand trading tools such as; Forex, Crypto, Commodities, Metals, and CFDs.
FP MARKETS BROKER REGULATION
The strictest regulations in the world regulate FP Markets Broker, and there are no chances of “Scams and Frauds” with your money. Yes, we are talking about the “Australian Securities and Investment Commission,” specially laid out by the FP Markets to ensure “Investors Protection.”
So, you can go for FP Markets without thinking twice if your only concern is “Security.”
ACCOUNT TYPES OF FP MARKETS BROKER
There are two types of accounts that FP Markets Broker is dealing with:
- Standard Account
- Raw Account
They are different from a lot of other trading platforms in the “Forex World.” Don’t believe us? Let’s figure it out!
STANDARD ACCOUNT
We will be breaking down each and everything in a table to make things easier for you:
RAW ACCOUNT
This account is for the professionals, and everything is listed down below:
You can also try the demo accounts for both account types before you get started with everything. Before we head towards the trading platform, let’s break down the pros and cons of “Account Types.”
PROS AND CONS OF ACCOUNT TYPES
Before you head towards and open your trading account, look at the “Pros and Cons” of the FP Markets Broker Account Types:
TRADING PLATFORMS OF FP MARKETS BROKER
Like other trading platforms, FP Markets offer you advanced and charting trading platforms to deal with your Forex trading.
Following are the trading platforms that FP Markets Broker is dealing with:
- MetaTrader 4
- MetaTrader 5
- Webtrader
- IRESS
- cTrader
PROS AND CONS OF TRADING PLATFORM
Now, it’s time to discuss some technical things related to the FP Markets Broker, and you’ve to be very attentive if you’re serious about investing in this platform.
Let’s get started again!
THE SPREAD OF FP MARKETS BROKER
As we all know, the spread of all the accounts is different, and you’ve to look for the “spread” specifically before choosing your account.
There are two types of account that FP Markets is dealing with, and they both have different spread:
- Standard Account (Spread Starts from 1.0 Pips)
- Raw Account (Spread Starts from 0.0 Pips)
So, the choice is yours, and you can go for the one that suits you the best.
EXECUTION TIME OF FP MARKETS BROKER
FP Markets is known for its “Instant Execution,” If you love to go for “Instant Execution” places, then FP Markets can be your best companion.
To help you with smooth trading, the following are the advantages you’re going to get with Instant Execution of the FP Market Broker:
- Ultra-Low Latency Execution
- Tight Spread
- Best Prices Availability
- Minimum Slippage
So, what are you waiting for? Head towards the opening of the account right now and get started!
FP MARKETS COMMISSION/FEE
The good thing about FP Markets Broker is that “It is a low non-trading” platform.
FP Market doesn’t charge you anything as a Commission or any account fee, but if you’re an IRESS user, you’ll have to pay a $55 monthly commission.
But again, the IRESS fee is conditional, too; if you’re earning more than $150 a month, you’ll then be charged the amount. Otherwise, you will enjoy the IRESS account without any Commission/Fee.
Let’s talk about the pros and cons of Commission/Fee of FP Markets Broker:
PROS AND CONS OF COMMISSION/FEE
LEVERAGE OF FP MARKETS BROKER
Every account has its own Leverage/Margins, and we have already discussed them in the “Account Section” of the article.
But let’s talk about it again.
There are two types of accounts that FP Markets Broker is dealing with:
- Standard Account (Leverage 500:1)
- Raw Account (Leverage 500:1)
They both have the same leverages, and you can go for the one that is a perfect fit for you. You can count on more information by reading the detailed “Account Types” detail written above.
CUSTOMER SERVICE OF FP MARKETS
Customer Service is the best feature that FP Markets provides to you because they are super-fast, and they are available 24/5 to help their audience.
You can contact them through different contacting gateways such as;
- Live Chat
- Phone Call
PROS AND CONS OF CUSTOMER SERVICE
The Bottom Line
Overall in forex market history, FP Markets is getting popular day by day. So, FP Markets Review will great if someone opens an account on their platform. Remember, your financial freedom will only increase when you want to expand the full details.
Gratitude!