6.6/10 (Expert Score)
Company is rated as #18 in category Forex Brokers

FP Markets review: company has a customer base of more than 4.56 million people from almost 169 nations and has won various prestigious awards: including the β€œMost Trusted Broker” Award from International Business Magazine, “Most Reliable Broker” and “Best Mobile Trading App” by Global Forex Awards, “Best Prime Trading Account” by Ultimate Fintech Awards, “Best Investment Products” Award by Global Brands Magazine. Company founded in 2009.

One of the standout features of FP Markets is their low spreads, which start from as low as 0.0 pips on certain account types. The broker also offers competitive commission rates, starting from $3.50 per side, which is ideal for high-volume traders.

FP Markets


FP Markets provides traders with the popular MetaTrader 4 and MetaTrader 5 trading platforms, as well as the IRESS platform for advanced traders. The broker also offers a mobile trading app for iOS and Android devices, which allows traders to access their accounts and trade on-the-go.

Trading Terminals:

Metatrader 4
Metatrader 5
ctrader

Awards:

award

2021 Forex Awards – Best Global Value Forex Broker

award
award

2020 Global Forex Awards – Best Forex Trading Experience

award
award

2020 Global Forex Awards – Best Value Broker in Asia

award
πŸ’΅ Currency:AUD, USD, EUR, GBP, SGD, NZD, CHF, JPY, CAD, HKD
πŸ’° Min depositFrom $100
βš–οΈ Leverage1:500
πŸ’± SpreadFloating from 0 pips
πŸ’Ή MarketsForex, Stocks, Indices, Metals, Energies, Cryptocurrencies, Commodities, ETFs
πŸ“± Mobile appsiOS, Android
πŸ—ΊοΈ HeadquartersSydney, Australia
Advantages:
  • Competitive pricing and tight spreads
  • Wide range of trading instruments
  • Multiple trading platforms
  • Well-regulated and reputable broker
Disadvantages:
  • Limited educational resources
  • No guaranteed stop-loss orders on all instruments
  • Limited research tools and resources

Overall FP Markets Review

Overall, FP Markets is a highly reliable and trustworthy broker that has gained a strong reputation in the industry. With a focus on offering clients competitive pricing and an extensive range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, FP Markets caters to the needs of traders of all levels.

Go to FP Markets website

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Top Reviews

Best customer reviews of FP Markets

The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.

Trading platform is good and they offer a wide range of trading instruments. However, I've had some issues with their customer service in the past. It can be difficult to get a hold of someone when you need help, and when you do, they're not always very knowledgeable. Additionally, their pricing can be a bit high compared to some other brokers I've used in the past.

Aarav Patel
Aarav Patel
India

I've been very happy with their platform and customer service. Their trading platform is easy to use and has all the features I need for my trading strategy. The customer service team is also very responsive and helpful whenever I have any questions or issues. I also appreciate their competitive pricing and wide range of trading instruments, which allows me to diversify my portfolio.

Marco Rossi
Marco Rossi
Italy

I would not recommend Forex.com to anyone. I've had a terrible experience with their platform and customer service. The platform is clunky and difficult to use, and I've experienced multiple technical issues that have cost me money. When I've reached out to their customer service team for help, they've been unresponsive and unhelpful. Additionally, their pricing is much higher than other brokers I've used in the past. I would recommend finding another broker that is more reliable and user-friendly.

Carlos Garcia
Carlos Garcia
Spain

Expert Review

Expert Review of FP Markets

FP Markets offers a wide range of trading instruments, including Forex, shares, indices, cryptocurrencies, and commodities. The platform provides access to over 10,000 instruments, which is a significant advantage for traders looking for diversified trading opportunities. FP Markets also offers competitive pricing, with spreads starting from as low as 0.0 pips and no commissions on some account types.

The platform offers multiple trading platforms to suit different trader preferences, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as IRESS. These platforms are available on both desktop and mobile devices, ensuring traders can access the platform and execute trades from anywhere.

One potential drawback of FP Markets is that it does not accept clients from certain countries, such as the United States and Canada. Additionally, some traders may find the minimum deposit of $100 on the standard account to be a barrier to entry.

Overall, FP Markets is a reliable and reputable broker that offers competitive pricing, a wide range of trading instruments, and multiple trading platforms to suit different trader preferences. The platform's regulation by ASIC and CySEC adds to its credibility and safety, making it a popular choice among traders looking for a trustworthy trading platform.

Roman_Mukhin
Roman Mukhin
Financial expert and analyst at TradersHero.com

Risk Warning! Trading on FP Markets involves significant risk and may not be suitable for all investors. It is important to carefully consider your investment objectives, level of experience, and risk appetite before making any investment decisions. You should only invest funds that you can afford to lose, and seek independent advice if necessary. FP Markets does not provide investment advice or recommendations.

Copy Trading

Investment Programs

With Social Trading, traders can browse through the profiles of other traders on the platform, view their performance history, trading style, and risk management strategies, and select the ones they want to copy. Once they've selected a trader to copy, their account will automatically execute the same trades as the trader they are copying, in real-time and in proportion to the trader's chosen investment amount.

One of the main benefits of Social Trading is that it allows traders to learn from more experienced traders, as well as to diversify their portfolio by copying multiple traders with different strategies. It also offers a passive income opportunity for successful traders, who can earn commissions for the trades that are copied by others.

Social Trading is a feature offered by FP Markets that allows traders to copy the trades of experienced and successful traders on the platform.

FP Markets offers Social Trading through the MetaTrader 4 platform, which is a popular and user-friendly trading platform used by traders around the world. Traders can access Social Trading on their desktop, mobile or tablet device, making it easy to manage their trades and follow their chosen traders while on the go.

how to use the Social Trading
To use the Social Trading feature on FP Markets, follow these steps:
Log in to your FP Markets account
Log in to your FP Markets account and navigate to the “Social Trading” section.
Browse available traders
Browse through the available traders and select the one that fits your investment goals and risk tolerance.
Review trader's profile
Review the trader's profile, including performance history, trading style, risk management, and fees.
Click “Copy” or “Follow” button
Click the “Copy” or “Follow” button to start copying the trader's trades.
Allocate funds to trader's strategy
Allocate funds to the trader's trading strategy and adjust your investment as necessary.
Monitor trader's performance
Monitor the trader's performance and adjust your investment as necessary.

Overall, Social Trading is a great feature for traders looking to improve their trading results and learn from successful traders. However, it's important to remember that trading always carries risks, and traders should carefully evaluate the performance of traders they are considering copying before making any investment decisions.

One of the key features of Social Trading at FP Markets is the platform's availability for trading Forex and CFDs, as well as the ASX and NASDAQ stock markets. In addition, FP Markets has a wide range of traders that you can copy and different ways to analyze and select suitable strategies. Also available on the FP Markets platform are risk management and trade copying limits. All in all, Social Trading at FP Markets provides traders with a convenient and easy way to copy successful trading strategies of experienced traders and to increase their chances to succeed on the financial markets.

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Conditions

Trading Conditions for FP Markets Traders

Trading Terminals:

Metatrader 4
Metatrader 5
ctrader

The company offers competitive trading conditions for its traders. The broker provides access to a wide range of financial instruments, including Forex, shares, indices, commodities, and cryptocurrencies. Here are some of the key trading conditions offered by FP Markets:

Account Types: FP Markets offers several account types to suit different trading needs, including Standard, Raw Spread, and Islamic accounts.

Minimum Deposit: The minimum deposit required to open an account with FP Markets varies depending on the account type. The Standard account requires a minimum deposit of $100, while the Raw Spread account requires a minimum deposit of $1,000.

Leverage: FP Markets offers leverage of up to 500:1 for Forex trading, up to 200:1 for metals, and up to 100:1 for other instruments.

Spreads: The company offers competitive spreads on all account types, with the Raw Spread account offering spreads as low as 0.0 pips.

Commission: FP Markets charges a commission on its Raw Spread account, which starts at $3.5 per side per lot. The Standard account has no commission, but the spreads are higher.

Trading Platforms: The company offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and Iress. The broker also offers mobile trading platforms for iOS and Android devices.

Execution: The company provides fast and reliable execution with low latency and no re-quotes.

Negative Balance Protection: FP Markets offers negative balance protection to ensure that clients do not lose more than their account balance.

Overall, FP Markets provides competitive trading conditions and offers multiple account types and trading platforms to suit the needs of different traders.

πŸ’΅ CurrencyAUD, USD, EUR, GBP, SGD, NZD, CHF, JPY, CAD, HKD
πŸ’° Min depositFrom $100
βš–οΈ Leverage1:500
πŸ’± SpreadFloating from 0 pips
πŸ’Ή MarketsForex, Stocks, Indices, Metals, Energies, Cryptocurrencies, Commodities, ETFs
πŸ“± Mobile appsiOS, Android
πŸ’΅ Replenishment / Withdrawal:Visa/Mastercard, Bank transfers, Skrill, Neteller, Fasapay, Poli, BPay, Paypal
🏦 Broker Type:ECN, STP
πŸ“ž Customer ServicePhone, Chat, Email
πŸ‘©β€πŸ’Ό SupportMultilingual
πŸ‘¨β€πŸ’Ό Personal Account Managerβœ…
πŸ” Copy Tradingβœ…
πŸ”“ Demo accountβœ…
πŸ—ΊοΈ HeadquartersSydney, Australia

Risk Warning

Comparison

Comparison of FP Markets with other FOREX Brokers

Trading platform
MT4, MT5
iOS, Android
Min Deposit
Leverage
Demo account
COPY TRADING
FP Markets
Start trading
Trading platform
RMobileTrader, RWebTrader
MT4, MT5
iOS, Android
Min Deposit
$100
Leverage
1:500
Demo account
COPY TRADING
roboforex
RoboForex
Learn more
Trading platform
cTrader, RMobileTrader, RStocksTrader, RWebTrader
MT4, MT5
iOS, Android
Min Deposit
$10
Leverage
1:2000
Demo account
COPY TRADING
tickmill
Tickmill
Learn more
Trading platform
WebTrader
MT4, MT5
iOS, Android
Min Deposit
$10
Leverage
1:300
Demo account
COPY TRADING
IC_Markets
IC Markets
Learn more
Trading platform
cTrader
MT4, MT5
iOS, Android
Min Deposit
$200
Leverage
1:500
Demo account
COPY TRADING
Trading platform
MobileTrading
MT4, MT5
iOS, Android
Min Deposit
$5
Leverage
1:1000
Demo account
COPY TRADING
Trading platform
MobileTrading, cTrader
MT4, MT5
iOS, Android
Min Deposit
$100
Leverage
1:200
Demo account
COPY TRADING

Broker comparison table of trading instruments

FP Markets
VS
Tickmill
VS
IC Markets
Forex
VS
VS
Metalls
VS
VS
Crypto
VS
VS
CFD
VS
VS
Indexes
VS
VS
Stock
VS
VS
ETF
VS
VS
Options
VS
VS

Commissions

FP Markets Accounts, Commissions & Fees

FP Markets offers a range of account types to suit different trading needs, including Standard, Raw, and Islamic accounts. The commission structure and trading fees vary depending on the account type and trading instrument.

The Standard account is commission-free, and the spreads start from 1.0 pip. The Raw account has lower spreads, starting from 0.0 pips, but a commission of $3.00 per lot is charged. The Islamic account is designed for clients who follow Sharia law and is also commission-free.

FP Markets charges swap fees for holding positions overnight, which vary depending on the trading instrument and account type. Additionally, there may be fees for deposit and withdrawal, depending on the payment method used.

Account typeAccount StandardAccount Raw
Minimum Opening Balance$100 AUD or equivalent$100 AUD or equivalent
SpreadsFrom 1.0 pipsFrom 0 pips
Instruments70+ Forex pairs, metals, indices, commodities70+ Forex pairs, metals, indices, commodities
Max Leverage1:5001:500
ExecutionECN-PricingECN-Pricing
Commission per Lot❌USD $3 per side
Minimum Trade Size0.01 Lot0.01 Lot
EA’sYesYes
Mobile Appβœ…βœ…
VPS Availableβœ…βœ…

Overall, FP Markets offers competitive pricing and transparent fee structures, with no hidden charges. Traders can choose the account type that best suits their trading style and needs.

FP Markets offers Islamic accounts, which are also known as swap-free accounts, for Muslim clients who follow the Shariah law. These accounts comply with the Islamic financial principles, which prohibit interest-based transactions. With the Islamic account, traders do not pay or receive interest on positions held overnight. Instead, a fixed administration fee is charged on positions held open for more than 24 hours. FP Markets' Islamic accounts have no hidden charges or fees, and they offer the same trading conditions as the regular accounts. To open an Islamic account, traders need to contact the support team and provide the necessary documents to verify their identity and address.

Risk Warning

Final review

Detailed review of FP Markets

FP Markets is a well-established and reputable online broker that provides trading services in forex, CFDs, stocks, and other markets to clients worldwide. In this review, we will examine the key features of FP Markets, including its trading platforms, account types, commissions and fees, customer support, and more.

For novice traders, FP Markets can be an excellent choice for a forex broker, thanks to their user-friendly trading platforms, comprehensive educational resources, and excellent customer support.

FP Markets offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as the IRESS platform. These platforms are available for desktop, web, and mobile trading, giving clients flexibility and convenience in how they access the markets.

Note
The company offers several account types to cater to different trading needs, including Standard, Raw, and Islamic accounts. The Standard account is commission-free, while the Raw account offers spreads as low as 0.0 pips with a small commission per trade. The Islamic account is designed for clients who require a Sharia-compliant trading account, and it is swap-free.

FP Markets has competitive commissions and fees, with low spreads and commissions for the Raw account. The broker also offers a range of funding and withdrawal options, including credit/debit card, bank transfer, and e-wallets like Skrill and Neteller.

Customer support at FP Markets is available 24/5 via live chat, phone, and email. The broker also has a comprehensive FAQ section on its website, as well as educational resources and market analysis tools to assist traders in making informed trading decisions.

Overall, FP Markets is a well-regulated and reliable broker that offers competitive trading conditions, multiple trading platforms, and excellent customer support. Its range of account types and funding options make it a good choice for traders of all levels and experience.

Advantages:

Competitive pricing: The company offers tight spreads and low commissions, making it an attractive option for traders looking to keep their trading costs low.
High leverage options: FP Markets offers high leverage options of up to 1:500 for forex trading, which can amplify potential gains for traders who know how to use leverage responsibly.
Multiple trading platforms: The company offers a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5, as well as its own proprietary platform, allowing traders to choose the platform that best suits their trading style and preferences.
Wide range of trading instruments: With access to over 10,000 trading instruments across various asset classes, including forex, stocks, indices, commodities, and cryptocurrencies, FP Markets offers traders plenty of options to diversify their portfolio.
Excellent customer support: FP Markets offers multilingual customer support through various channels, including phone, email, live chat, and a callback service, ensuring that traders can get assistance whenever they need it.
Strong regulatory framework: As a regulated broker under the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), FP Markets provides a secure trading environment for traders.

FP Markets Regulator

Australian Securities and Investments Commission (ASIC)

Australian Securities and Investments Commission (ASIC)

Australian Securities and Investments Commission (ASIC) – ASIC is one of the most respected and stringent regulatory authorities in the financial industry. It oversees the operations of financial institutions in Australia to ensure that they comply with the laws and regulations that govern the industry. ASIC's oversight helps to ensure that FP Markets operates in a transparent and fair manner, and that the interests of its clients are protected.

Regulator website: Australian Securities and Investments Commission (ASIC)

Cyprus Securities and Exchange Commission (CySEC)

Cyprus Securities and Exchange Commission (CySEC)

Cyprus Securities and Exchange Commission (CySEC) – CySEC is the regulatory body responsible for overseeing financial institutions in Cyprus. Its role is to ensure that firms operating in Cyprus comply with the laws and regulations governing the financial industry, and to protect the interests of investors. FP Markets' CySEC regulation enables the broker to offer its services to clients in the European Union.

Website: Cyprus Securities and Exchange Commission (CySEC)

Financial Services Authority (FSA)

Financial Services Authority (FSA)

Financial Services Authority (FSA) – FSA is a regulatory body based in Seychelles, where FP Markets' offshore entity is located. FSA is responsible for ensuring that financial institutions operating in Seychelles comply with the laws and regulations governing the financial industry. FP Markets' FSA regulation enables the broker to offer its services to clients in jurisdictions where its other regulatory licenses do not apply.

View Financial Services Authority (FSA)

Risk Warning

Promotions

Bonuses Paid by the FP Markets

FP Markets offers several bonus programs for its clients that allow them to receive additional benefits when trading on the platform. These include a cashback program, a deposit bonus and contests for traders.

Refer a Friend Bonus

FP Markets offers a referral bonus program for existing clients to refer new clients. The bonus amount varies based on the country the referred friend is from, but typically ranges from $100 to $250 per referral. The referred friend must meet certain trading requirements before the bonus is paid out.

Trading Rebates

FP Markets offers a rebate program for active traders. The more a trader trades, the higher their rebate rate will be, up to a maximum of $10 per lot traded. The rebate is automatically calculated and credited to the trader's account daily.

Cashback Rewards

FP Markets offers a cashback program for clients who trade Forex and CFDs. Clients can earn up to $5 per lot traded, depending on their trading volume. The cashback is credited to the client's account at the end of each month.

Education

Review of the FP Markets Education Program

FP Markets offers an extensive education program for traders of all levels, including beginners, intermediate, and advanced traders. The education program includes a variety of educational resources, such as webinars, tutorials, eBooks, and trading guides, that cover a wide range of topics related to trading, including technical analysis, fundamental analysis, risk management, and trading strategies.

Tools for dividing learning into multiple categories:

Video Tutorials – FP Markets provides a range of video tutorials that cover various aspects of trading, from beginner topics such as understanding the markets and using trading platforms, to advanced topics such as risk management and trading psychology.
eBooks – The company offers a collection of eBooks on trading, covering topics such as technical analysis, chart patterns, and trading strategies. These eBooks are designed to help traders improve their knowledge and understanding of the markets.
Webinars – FP Markets hosts regular webinars on a range of topics, presented by industry experts. These webinars provide an opportunity for traders to learn from experienced professionals and ask questions in real-time.
Seminars – FP Markets also hosts in-person seminars and workshops in various locations around the world. These events provide traders with the opportunity to learn from experts and network with other traders.
Trading Tools – The company provides a range of trading tools and resources, including economic calendars, market news and analysis, and trading calculators. These tools are designed to help traders make more informed trading decisions.

Overall, the FP Markets education program is a comprehensive and valuable resource for traders of all levels. With a range of educational materials and resources, traders can improve their knowledge and skills, and ultimately become more successful in the markets.

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latest posts

Rating and Comments

FP Markets Users Reviews 2024

7.5 Total Score
17 reviews
Rating Overview

Based on all reviews

6.6Expert Score
Investment instruments
6.5
Deposits and withdrawals
6
Customer service
6
Trading platform
8
8.3User's score
Investment instruments
8
Deposits and withdrawals
7.9
Customer service
8.5
Trading platform
8.8
Add your review  |  Read reviews and comments

Authors:

Roman_Mukhin

Roman Mukhin
Financial expert, analyst and author

Jane Emberg

Jane Emberg
Financial analyst and editor

Best Forex BrokersOverall Ranking
4 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 4.5
    Investment instruments
    90
    Deposits and withdrawals
    100
    Customer service
    90
    Trading platform
    80

    The educational resources available on their website are also very useful for those just starting out in trading. The customer service is always responsive and ready to help with any questions or problems. I also appreciate their low minimum deposit requirements, which makes it easy for novice traders to get started. Overall, Forex.com is a reliable and trustworthy platform that I would recommend to anyone who wants to start tradi

    Helpful(0) Unhelpful(0)You have already voted this
  2. 5
    Investment instruments
    100
    Deposits and withdrawals
    100
    Customer service
    100
    Trading platform
    100

    Forex.com is a great trading platform for both beginners and experienced traders. The platform is user-friendly and easy to navigate, making it simple to find the trading tools and resources you need. The platform offers a wide range of trading instruments, including Forex, stocks, indices, commodities, and cryptocurrencies, allowing you to diversify your trading portfolio. I have found the customer service to be excellent, with knowledgeable representatives available to answer any questions or concerns. Overall, I highly recommend Forex.com for anyone looking for a reliable and professional trading platform.

    Helpful(0) Unhelpful(0)You have already voted this
  3. 3.75
    Investment instruments
    80
    Deposits and withdrawals
    70
    Customer service
    80
    Trading platform
    70

    The platform offers a wide range of trading instruments and the customer service is excellent. However, I have experienced some technical difficulties with the platform, including slow execution times and occasional glitches. Additionally, I have found the spreads to be somewhat higher than other trading platforms. Overall, while I appreciate the variety of trading options and customer service, the technical issues and higher spreads leave room for improvement.

    Helpful(0) Unhelpful(0)You have already voted this
  4. 2.5
    Investment instruments
    50
    Deposits and withdrawals
    60
    Customer service
    40
    Trading platform
    50

    I had a terrible experience using Forex.com as a trading platform. The platform was difficult to navigate and the customer service was unresponsive to my needs. Additionally, the spreads were high and I found myself losing money quickly. I attempted to withdraw my funds, but the process was long and difficult. Overall, I do not recommend Forex.com and advise anyone looking for a trading platform to look elsewhere.

    Helpful(0) Unhelpful(0)You have already voted this

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