The user also mentioned that the spreads and trading conditions are good even in volatile market conditions. The FAQs are categorized into different categories and a search bar is also available to help find the answers to the questions. FP Markets allow their clients a series of ways to fund/withdraw from their accounts. This section of the review will discuss the methods of deposit and withdrawal offered by FP Markets. The desktop trading platform offers sophisticated automated trading tools for unending price quotes, charts, and trading strategy monitoring. You can design custom trading robots and indicators using the MQL5 programming language, according to your trading preferences.
- The broker also provides a series of educational video tutorials about its trading platforms.
- FP Markets is an industry leading CFD broker that was founded in 2005 in Australia.
- Each of the additional products is discussed here in this section of the review.
- ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
- The information and videos are not investment recommendations and serve to clarify the market mechanisms.
Note that you don’t have to install any additional software either. In addition to all the customer services mentioned above, the broker also has social media handles to keep their customers up to date. Their phone number and official social media links are mentioned below here in this review. Email support is also available, with a wait time of only 30 minutes. Cryptocurrency is one of the most exciting asset classes and provides endless growth investment opportunities to clients.
The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but FP Markets does not provide details about the auditor. Overall, FP Markets is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally. Areas we scored FP Markets the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). FP Markets caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. Flexibility is one of the advantages of FP Markets in terms of payment service.
In any case, this is good for keeping trading accessible to all through FP Markets. These are all traded through DMA execution for the best value and are offered as CFDs through FP Markets. There is a huge range of stocks available to trade with FP Markets. Here are some of the withdrawal methods that are made available through FP Markets.
About FP Markets
MT4 has several options to enter orders and fully supports automated trading via EAs. FP Markets does not offer APIs to allow third-party solutions to connect. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator. EEA traders get an investor compensation fund limited to €20,000 per client. A social trading broker with its proprietary CrowdTrading platform. After beginning the registration process, you’ll be prompted to enter your personal details, including your name, address, and experience as an investor.
Other Products and Services at FP Markets
According to his comments, it was evident that the customer service team issued prompt responses. The Quora community largely wrote reviews in support of FP Markets. 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.
Versatile Tools for Every Trader
The spread in trading here can start from a rock bottom 0 pips depending on your account type choice. This firm regulation means they must adhere to a set of tight laws and regulations, giving fp markets review clients peace of mind. It creates a sense in its clients that they are dealing with a respectable and trustworthy trading broker who will act with the utmost honesty and transparency.
FP Markets Academy
You can choose between the more basic ViewPoint Essential or for mobile trading, Iress Mobile (which are both free and available on both Android and iOS). Alternatively, there is the IressTrader or Iress ViewPoint, which have a fee of $55 per month. This is waived if you execute a certain number of trades or make a certain amount of commissions. The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently.
Overall, FP Markets ranks #18 out of the 62 brokers that have been evaluated and scored within our investment types category. The account opening process at FP Markets follows well-established industry practices but requires some more data than many international competitors. New traders should familiarize themselves with the top menu icons, which offer several advantages. Here is a screenshot after launching the FP Markets MT4 trading platform following installation, without modifications. FP Markets also maintains the MAM/PAMM module, enabling retail account management.
FP Markets User Experience
Our testing finds that FP Markets standard account spreads for forex and indices are lower than the industry average. Spreads on stocks, commodities, and cryptocurrencies, however, are on the average https://broker-review.org/ benchmark. Moreover, they have top quality execution with advanced trading technology on three separate platforms. Great customer service, numerous trading tools and education resources.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Technical analysis can be done through charts and a set of indicators. A built-in economic calendar provides the most recent market news, in-depth insights, and macroeconomic releases to support financial news and fundamental research. FP Markets’s fees can be classified into trading and non-trading. We’ll be discussing these different kinds of fees in this section of the review. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Learn more about capital.com and dedicated yourself to which broker is better for you. In addition, the company offers several educational videos that you will surely find helpful. These videos include the introduction of the platform FP Markets is offering – the famous MetaTrader 4 (MT4). You can definitely get a glimpse of how to install it, navigate, use the market watch, trade terminal, and place different order types.
Trade with a trusted Forex broker
One of the things we love about FP Markets is that there’s a wealth of resources available on the website to help you educate yourself on using the platform — and trading in general. There’s a Live Chat option on the website, which enables you to get quick help. It’s operated by real people, and if nobody is online (this happened to us), you can still send a message via email and receive a response when someone is back. Whichever platform you want to use, the signup process is similar. FP Markets only offers 2 bonds, the UK Long Gilt and the US 10-Year Treasury Note.