FP Markets

Highlights

• 15 years of trading experience
• Globally regulated
• Personal account managers

Pros

• Instant online account opening
• Low fees
• Advanced trading platform

Cons

• Stock CFD fees are high
• Limited products

Main Features

Country of Regulation: Australia

Trading Fees: Low

Inactivity Fees charged: No

Minimum Deposit: $100

Products: Forex, Metals, Commodities, Indices, Cryptocurrencies

Review

Fees

FP Markets charges low trading and non-trading fees but has a high stock CFD fees. There is no inactivity as well.

A/C opening

The account opening process at FP Markets is fully digitalized and super quick. The minimum deposit is either based on assets you wish to trade with(forex, CFD, stock) or the type of account. The minimum deposit for a Metatrader standard account is $100  but some account types require at least $1000 balance. There are two trading platforms provided with separate accounts for each platform. 

The FP Markets account cannot be opened online. 

Deposit & withdrawal

FP Markets offers many options for deposits and withdrawals. While there is no charge on deposit in most cases but there are charges on withdrawals for some methods. It offers 10 base currencies accounts.

FP Markets charges a withdrawal fee, except for domestic bank transfers and credit cards.  To withdraw you have to visit the FP Markets client portal and check the ‘funding and withdraw’ option. It usually takes 1 business day to withdraw money.

Trading Platform

The FP Markets trading Platform is  Provided by MetaTrader. It is available in several languages, highly customizable, and has good search functions. 

Research

FP Markets research has great technical and fundamental analysis. The platform provides quality news fees, trading ideas, and other great research tools.

Customer service

You can connect with the FP Markets customer service through email, phone, and Live chat.

Education 

FP Markets offers a wide range of quality educational materials and tools, from demo account to ebooks but there are no webinars.

Safety

Being regulated by the top-level financial authorities like the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), it is considered a safe platform.