Who are FP Markets? Review of the Australian Regulated Forex Broker!

Reward: 100%
  • Licence:
  • ASIC
  • 286354
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Skrill, Neteller, Wire Transfer and more
Min. Deposit: $100
Broker Rating:
  • Reward: 4.7
  • Platform: 4.2
  • Mobile: 4.0
  • Live: 4.0
Overall Score: 4.23/5
Featured Platforms:
  • WebTrader, MT4, MT5 and Iress
Broker Info
  • Company: First Prudential Markets Pty Ltd
  • Founded: 2005
  • Headquarters: Sydney
  • Phone: +61 2 8252 6800
  • Email: support@fpmarket.com

For years, those getting into the foreign exchange market have had a hard time picking out a site they wish to use. One popular name, though, is FP Markets. Are they the right choice for you, though?

FP Markets are a company based in Sydney, Australia. With a very impressive history in the industry ever since they formed in 2005, FPMarkets have carved out quite a niche for themselves in the industry. They are quite highly rated in general by the forex community, but hey are especially seen as a good site for those who are looking to find a high range of markets to get themselves involved in.

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What we will say, though, is that FP Markets is not as beginner friendly as other forex systems. If you are looking for a broker that can hold you by the hand, this might not be the one for you. This ASIC regulated platform is based in Sydney, and with a minimum deposit of just $100 you cold take this on without too much investment needed. However, be warned; this is not a market with a guarantee.

Bonus Offers and Promotions

The first thing that you should notice when you take a look at FP Markets is that they have some good opening deals. For example, they have an opening offer that provides you with zero trading commissions for you first $600 on MT4/MT5. That is a very impressive deal, with up to $600 of commissions given back to you when you hit that threshold. A very impressive deal, and probably one of the best promotions that you are likely to find out there on the market.

In terms of giving you incentive to get started, it’s pretty impressive.

Platforms Provided

In terms of your platforms, you have a couple of choices to pick from. They have two major options that you can use: MT4 and MT5. Both are highly respected options that are some of the most impressive industry standard options. This allows you to easily trade everything from currencies to commodities, indices to stocks – even cryptocurrencies.

So, if you are looking for a broker with two major platforms in MT4/MT5 and also a fine range of tradeable assets, this is a good place for you to start with. They also have DMA and ECN trading desk types to pick from, which does give you a nice level of variety to pick from overall. If you find that you need some help in getting to grips with the platform, then don’t worry: customer support can give you plenty of help in mastering the use of MT4 and MT5 with ease.

Regulations and Security

As mentioned before, this is a broker that was formed in 2005 and has been regulated by ASIC. This means that you can feel pretty good in using this platform. They are registered as having their HQ at Level 5, Exchange House 10, Bridge St. in Sydney.

Despite not being publicly traded, this is a site with a huge amount of openness and transparency for those who use the platform. If you worry that you might be using a site without much regulation, then fear not. The presence of ASIC alone should give you plenty of optimism that this is a site that looks after you.

Out of all the brokers that you could look at, FP Markets is one of the most strictly regulated. The highly regulated Australian market demands precision, which is exactly what you get with this. The use of 128-bit encryption also adds to your peace of mind.

Education & Support

Not everyone who begins trading for the first time will be fully experienced in the various skills that they need to be good at it. This is a platform that gets this, and thankfully it provides a series of highly impressive trading options for you to look at.

The education and support that you get onsite is very impressive, with close to 100 video lessons waiting for you. This professional raining course is backed up with eBooks, articles, and various other pieces of content to learn from. This will help you to boost your trading skills whether you are a newbie or a veteran.

There are reasons why traders of all kinds and mentalities will take part in using this trading system. It has become well respected with good reason, not least thanks to the sheer scale of education and support that you get with every use.

Withdrawals and Deposits

Like any good platform, the withdrawal and deposit system here is very diverse and easy to use. You have numerous options for deposit and withdrawal, including credit cards, PayPal, Skrill, wire transfer, and Neteller. Other options that you can use for withdrawal shall include FasaPay, while you can also use Webmoney and QIWI for depositing cash into the account.

This is done quickly and easily, so you have nothing to fear about money not going through. However, just remember you will have to put in your $100 to get the account started. For standard accounts, you’ll pay a commission fee of 0.11% and above. Certain accounts will have different access fees and exchange market data fees, too, so make sure you read closely the amount that will be attached to your account with regards to fees.

However, the $600 provided in free commissions to begin with should really help to level that out.

Verdict

With a long history of success that stretches close to 15 years, FP Markets has built up a strong reputation itself. They are an award-winning platform with good reason, and have become a leading example of an educational, friendly broker. If you want to learn the game as much as make a living from it, then you will find that the ease of use, the modern qualities, and the impressive overall standard of features on offer should really help you to get the most out of your FPMarkets account.

For beginners and newbies, this makes a very worthwhile platform to take a closer look at. Out of all the options out there, FP Markets might just be the one that makes you feel the most comfortable.