FP MARKETS REVIEW

Forex Broker: FP MARKETS

Headquarters / Licenses: Australia | ASIC-286354 and CySEC-371/18

Customer Support: 24/5 via EMAIL | PHONE | LIVE CHAT

Minimum Account / Fund Methods: 100 USD via CARDS | WIRE | FASAPAY | SKRILL | NETELLER

Trading Leverage: 500:1 MAX

FP MARKETS Promotions: Free VPS

FP MARKETS Forex Pairs: 60 Forex pairs plus CFD products (Equities, Shares, Cryptocurrencies, Energies, Metals, Agricultural Commodities)

FP MARKETS Trading Platforms: MT-4 | MT-5 | WebTrader | IRESS Trader

Trading Spreads: 0.1 pips on EURUSD | 0.1 pips on USDJPY | 0.3 pips on GBPUSD

Trading Commissions: $7/ full traded lot

PAMM/MAM Accounts: PAMM Accounts

Islamic Accounts: YES

Free Forex VPS: YES (Requires 10 lots monthly volume)

» THE FP MARKETS WEB-SITE

INTRODUCTION TO FP MARKETS

FP Markets is an Australian-based Forex broker found in 2005. The broker is providing ECN pricing, which allows orders to be matched at very-competitive pricing and works ideal for Expert Advisors (EAs) as this further accelerates the of order execution. The trading spreads start as low as 0.1 pip on EURUSD plus $7 per full-traded lot commissions. There are 4 main trading platforms available, automated trading and scalping allowance, and a very wide asset index. FP Markets is regulated by ASIC Australia and provides a full trader’s bank account segregation.

CUSTOMER SUPPORT: Phone, Email, Live Chat

SUPPORT LANGUAGES: English, Arabic, Spanish, Chinese, Portuguese, Russian, and more languages

 

FP MARKETS TRADING PLATFORMS

FP MARKETS offers a good variety of trading platforms, including MT-4/MT-5, the IRESS trader, and mobile traders for iOs and Android:

  1. MT-4
  2. MT-5
  3. IRESS Viewpoint Trader
  4. WebTrader
  5. Mobile traders for iPhone and Android

FP MARKETS allows automated trading, scalping, and hedging. You may also use any Expert Advisor for MT4 on the PAMM accounts.

FP MARKETS AUTOCHARTIST

Here are some of the key features of the Autochartist plugins:

  • Autochartist plugin for the platforms MT4 and MT5
  • Recognizing chart patterns and identifying trading opportunities, market trends, and key levels
  • Includes a Fibonacci pattern analysis tool
  • Monitor multiple markets at the same time
  • Forex trading alerts in real-time

VPS HOSTING (EQUINIX NY4)

The FP Markets VPS plan connects Forex traders to the Equinix NY4 grid (orders are executed in milliseconds)

◘ 24/5 Live support and 24/7 trading operations, even in offline mode

◘ Protection from network issues

◘ Support for all Forex Robots (EAs)

◘ The VPS plan is free for traders depositing a minimum of 1,000 USD and trading a minimum monthly volume of 10 lots on a Standard account or 20 lots on a Raw account 

FP MARKETS PAMM Account

These are the basic features of the FP Markets PAMM Account:

  • Three methods for allocation (Lot, Percentage and Equity) 
  • Managing an unlimited number of accounts
  • All account types are supported
  • Live order management (full stop-loss, and take-profit)
  • Real-time performance
  • Forex robots (EAs) are fully allowed

IRESS VIEWPOINT PLATFORM

The IRESS platform is 100% web-based and provides better financing conditions. These are some key features:

◘ Supports multiple financial instruments, providing market depth

◘ 59 Technical Indicators, more than 50 Drawing tools, Iress ViewPoint gives comprehensive data visibility

◘ Web-based, enhanced trading tools, and better compatibility with a wide range of internet browsers

 

» FP MARKETS ECN FOREX TRADING 

 

FP MARKETS FINANCIAL INSTRUMENTS

FP MARKETS offers a very wide asset index containing 60 Forex pairs plus various financial instruments via CFDs:

  • 60 Forex Currencies
  • Equity Indices (from all over the world)
  • More than 2,000 shares
  • Energies
  • Commodities
  • Cryptocurrencies (against USD and AUD)

 

FP MARKETS ACCOUNTS

There are four main account types:

◘ Trading Leverage 500:1

◘ Minimum Deposit: 100 USD

◘ FP MARKETS Accounts may be opened in several currencies such as Euro, US dollar, Great Britain pound, Swiss franc, Australian dollar, Japanese yen, New Zeeland Dollar, and Canadian Dollar

◘ Fund Methods: Bank Wire, Credit cards, SKRILL, FasaPay, Neteller

Features

Trading Accounts

Base Currency Options

EUR, USD, GBP, AUD, JPY, CHF, NZD, SGD, HKD, CAD

Number of Forex Pairs

60

Trading Leverage

1:1 to 1:500

Trading Spreads on all majors

As Low as 0.1 Pip

Trading Commissions

$7/ full traded lot

Automated Forex Trading

YES

Forex Scalping/Hedging

YES

Swap-Free Accounts

YES

Minimum Deposit Amount

100 USD for MT4 and MT5 / 1,000 USD for IRESS Trader

Open Account

» FP MARKETS TRADING ACCOUNTS

 

 

FP MARKETS REVIEW KEY POINTS

FP Markets is an ECN/STP Forex broker specialized in day-trading and automated-trading. The broker is headquartered in Australia and licensed by ASIC and CySEC.

As concerns trading platforms, FP Markets offer MetaTrader-4, MetaTrader-5, and the IRESS Trader. Scalping and hedging are fully allowed and there is a full-featured VPS plan. The FP Markets VPS plan connects Forex traders to the Equinix NY4 grid (orders are executed in milliseconds). The VPS plan is free for traders depositing a minimum of 1,000 USD and trading a minimum monthly volume of 10 lots on a Standard account or 20 lots on a Raw account. There are also PAMM accounts that allow Expert Advisors.

On the RAW Account the trading spreads are very competitive and start as low as 0.1 pip on EURUSD plus $7.0 commissions per full round lot. On the standard account the trading spreads are higher starting as low as 1.0-1.2 pip on EURUSD. The two IRESS account types offer also competitive spreads starting as low as 0.1 pip on EURUSD.

There are many assets available by FP Markets. More specifically, 60 Forex pairs, Energies, Precious Metals, Crypto, and Soft Commodities. The minimum deposit to open an MT4/MT5 account is just $100 and the fund methods include credit/debit cards and wire but also internet wallets (Neteller, Skrill, and FasaPay). You can open an account in 10 different currencies: EUR, USD, GBP, AUD, JPY, CHF, NZD, SGD, HKD, CAD. The trading leverage can be up to 500:1

Overall, FP Markets is an ideal solution for day-trading and scalping as they offer tight spreads, fast order execution, and a vast asset index.

 

» VISIT THE FP MARKETS WEBSITE AND START TRADING

 

FP MARKETS.com Review

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