FP Markets Review 2024

Thadeus Geodfrey

Thadeus Geodfrey, an experienced writer and self-taught trader, is not just about market analysis. His skill in identifying fraudulent brokers and ensuring traders’ safety offers security. Join Thadeus and feel protected in your trading endeavours.

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Article was updated: November 13, 2024

Estimated reading time: 5 minutes

FP Markets was launched in 2005 and is headquartered in Sydney, Australia. The broker offers 10,000+ tradable assets to hundreds of thousands of people from different global regions, including the UK. However, the crucial question is whether you should start trading with this company.

To help you determine if FP Markets is a fitting broker, our experts conducted extensive research and tested this service provider with a live account. We had a thrilling experience and discovered numerous perks you can enjoy while trading with this platform. We’ve discussed everything in this comprehensive FP Markets review.

Our Opinion about FP Markets

FP Markets is one of the best brokers in the UK today since it’s regulated by numerous authorities, including the FCA, CySEC, and ASIC. Plus, it offers an excellent variety of products and trading platforms. Here are some pros and cons we discovered while evaluating FP Markets.

FP Markets

✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals

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Security & Regulations

FP Markets is a secure trading platform licensed and regulated by multiple authorities, ranging from the FCA and CySEC to ASIC, the FSA, and the FSCA. That means the broker’s operations are restricted by numerous rules and regulations tailored to enhance client safety. For instance, due to regulatory standards, FP Markets keeps client funds in segregated bank accounts where they can’t mingle with client resources.

Additionally, FP Markets uses top-tier protocols to optimise the security of its trading platforms. These include encryption technologies tailored to protect your data and capital from malicious actors. Remember, cybercriminals can use your data to steal your identity and commit crimes like identity theft. FP Markets uses state-of-the-art security to protect you from issues.

Platforms

• The first platform we vetted was FP Market’s official website. We were impressed by how professionally organised everything is. The layout is clean and stylish. You can access anything easily, from the company’s policies and legal documents to educational resources and materials. The broker has also outlined all supported trading software on this site, including:
• WebTrader: This platform allows you to trade from your browser. You can access it using your phone, PC, or tablet. The best thing about it is it saves you from downloading additional software. With WebTrader, you can enjoy perks like tight spreads starting from 0.0 pips and flexible leverages of up to 500:1.
• cTrader: FP Markets hosts cTrader, an advanced platform with superior execution, powerful trading tools, and advanced charting and order types. Despite being advanced, cTrader is user-friendly and well-designed, making it ideal for professionals and novices. The software also offers level 2 pricing, smart stop-out, and a well-designed economic calendar.
• TradingView: This is the newest kid on the block. It’s an exceptional platform that allows users to harness the power of advanced charting features and functionalities from their mobile devices, desktops, and web-based browsers. Additionally, TradingView provides over 100,000 public indicators, customisable layouts, and a vibrant social community where traders and investors can share tips and strategies.
• MetaTrader 4: FP Markets gives users uncapped access to MT4, one of the most powerful trading platforms. MT4 allows users to leverage top-tier features like Expert Advisors, one-click trading, and a customisable interface. It also provides advanced charting tools and automated trading functionalities.
• MetaTrader 5: MT5 is another feature-packed platform hosted on FP Markets. It’s similar to MT4 but comes with more features, like 8 extra built-in indicators and 13 additional graphical objects. These make MT5 better at performing in-depth technical analysis than its predecessor. With MT5, you can take trading to the next level with exceptional tools like copy trading, 8 order types, and 21 time frames.
• Mobile Trading App: FP Markets offers an easy-to-use mobile app for trading on the go. It’s compatible with iOS and Android systems and gives users access to all instruments available on the desktop platform. The app also has excellent charting tools, technical indicators, and stop-loss/take-profit limits.

Fees & Commissions for UK Traders

Before going any further, note that the FP Markets minimum deposit is £100. You can’t fund your account with anything less than the mandated amount. Also, as a trader, expect to cover stipulated FP Markets fees and commissions. Let’s expound on that.

FP Markets has different trading and non-trading fees. However, the costs you will likely incur depend on where you are from. Take London as an example. If you’re from this city, you’ll incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.

But here’s the good news. You won’t incur additional costs while depositing or withdrawing money from your FP Markets trading account. Moreover, unlike many other brokers, this service provider doesn’t have inactivity fees for dormant accounts.

Please visit FP Market’s official site for a comprehensive overview of all fees and commissions.

Product Offerings

FP Markets has one of the largest selections of tradable products today. While exploring this platform, we discovered over 70 currency pairs and a whopping 10,000+ CFDs across ETFs, shares, metals, and more. Here’s a rundown of this broker’s product offerings:

• Forex: As a forex trader, you can use FP Markets to access 70+ popular pairs, from BBP/USD and EUR/GBP to CAD/JPY and AUD/NZD. These are available 24/5 and have tight spreads starting from 0.0 pips. You can also choose a Standard or Raw account, depending on your preferences.
• Shares: FP Markets offers thousands of international share CFDs. You can use your FP Markets account to trade CFDs on shares from many popular companies, from Adidas and Volkswagen to BMW and Porsche. You can also trade with MT5 or Iress and enjoy all associated perks.
• Metals: If you are interested in metal CFDs, check out FP Markets. This platform allows users to trade CFDs on various precious metals, including gold, silver, and aluminium. It also offers spreads as low as 0.0 pips for instruments like XAG/USD. You can trade metal CFDs with MT4 or MT5 after joining FP Markets.
• Commodities: FP Markets supports trading CFDs on popular commodities like crude oil, coffee, and natural gas. This broker also allows its clients to use MT4 and MT5 to enhance their commodity CFD trading experience.
• Indices: After signing up with FP Markets, you can trade CFDs on indices such as AUS200, FRA40, and EURO50. The best part is you can harness the potential of two of the best third-party trading platforms today: MT4 and MT5.
• Digital currencies: FP Markets embraces crypto enthusiasts and allows them to trade CFDs on diverse digital assets, including Bitcoin, Litecoin, and Ripple.
• Bonds: With this broker, you can dive into various bond markets. They range from government and corporate bonds to mortgage-backed bonds and bond indices. You can trade any bond you fancy and enjoy significant returns.
• ETFs: Suppose you’re interested in trading CFDs on ETFs. FP Markets has a broad range of products you can access today, from gold and currency ETFs to bond and commodity ETFs.

FP Markets Support Service

We love FP Markets because this trading platform has a rich FAQ section where answers to questions like how to change your password are provided. If you have any queries, search for any answer on this page before contacting support.

If you have any questions or concerns requiring expert assistance, the FP Markets support team is available 24/7. You can contact the broker’s trained representatives via live chat or ask the team to contact you by filling out the provided Callback Request form. Additionally, you can call or email FP Markets and get prompt assistance.

How to Sign up For an Account at FP Markets

FP Markets is a multi-regulated broker. As such, KYC is part and parcel of its registration process. That means you must submit personal information and verification documents while registering a new account. But the process is simple. You just have to follow these steps:

Conclusion

FP Markets is a reliable and trustworthy multi-regulated broker. But, before opening a trading account with this company, list your goals and expectations. Then, check if FP Markets fits the bill. We also encourage you to start with a demo account, more so if you are a beginner. Failure to do that can increase your odds of incurring significant losses prematurely or in the long run.

Thadeus Geodfrey

Thadeus Geodfrey and finance are inseparable. He is a versatile expert with a strong cryptocurrency and market analysis background. Thadeus provides a unique blend of technical and strategic insights as a seasoned financial writer. His overarching probe and attention to detail inspire the InvestingGuide community. He guides you through the continuously evolving market landscape to build solid investments or make successful trades.

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