FP Markets is a global forex and CFD broker that has established a strong reputation in the trading community since its inception in 2005. Based in Australia, FP Markets offers traders access to a wide range of financial instruments, including forex pairs, indices, commodities, cryptocurrencies, and shares, through various platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Iress.
Regulation and Safety
FP Markets is well-regulated by several reputable financial authorities:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
These regulatory bodies ensure that FP Markets adheres to strict financial standards and practices, providing traders with a secure and transparent trading environment.
Trading Platforms
FP Markets provides access to both MT4 and MT5 platforms, which are popular among forex and CFD traders for their robust features, including advanced charting tools, numerous technical indicators, and automated trading capabilities. The Iress platform offers a more comprehensive suite of trading tools and is particularly suited for more experienced traders looking for direct market access.
Account Types
FP Markets caters to a wide range of traders with different experience levels and trading styles by offering various account types:
- Standard Account: Ideal for beginners, offering tighter spreads with a small commission.
- Raw Account: Offers lower spreads for a higher commission, suitable for experienced traders who prefer scalping or high-volume trading.
In addition to these, the broker also provides swap-free accounts for traders who cannot earn or pay interest due to their religious beliefs.
Pricing and Fees
FP Markets is known for its competitive pricing structure. The broker offers tight spreads starting from 0.0 pips on major currency pairs in the Raw Account. The commission charges are also competitive, providing traders with a cost-effective trading environment.
Education and Resources
FP Markets places a strong emphasis on trader education and provides a wealth of resources for both beginners and experienced traders. These include:
- Webinars
- E-books
- Trading courses
- Market analysis
These resources are designed to help traders improve their trading skills and knowledge.
Customer Support
FP Markets offers excellent customer support, with services available 24/5 through live chat, email, and phone. Their support team is knowledgeable and ready to assist with any queries or issues traders may face.
Summary
FP Markets stands out as a reputable and reliable forex and CFD broker, offering a secure trading environment regulated by top financial authorities. With its competitive pricing, variety of account types, advanced trading platforms, comprehensive educational resources, and responsive customer support, FP Markets is a solid choice for traders looking for a well-rounded trading experience. I currently use them in one of my RAW accounts.
Click for more info here