FP Markets Review

FP Markets, founded in 2005, is an Australian brokerage that provides traders with access to contracts for trading of numerous trading instruments, such as forex, indices, commodities, stocks, and cryptocurrencies. They offer consistently narrower spreads in exceptional trading conditions. A key advantage of FP Markets lies in its utilization of ECN electronic bridges, coupled with a commitment to investing in powerful trading technology and innovation. The company exhibits continuous growth, evident not only in its offerings but also in its expanding global reach. From its origins as an Australia-centric broker, FP Markets has evolved over the years into a truly global entity.

About FP Markets

FP Markets, headquartered in Sydney, Australia, is a well-known global brokerage under the leadership of CEO Nick Twidale. Since its inception in 2005, FP Markets has been providing traders with highly favorable conditions, featuring narrow spreads and narrow commission fees. Traders also have the option to choose from two distinct account types. The platform offers a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies. With a seasoned management team, FP Markets is committed to advancing the realm of online trading, placing a strong emphasis on expanding globally. This dedication has led to remarkable growth within a relatively short period, solidifying the company’s position as one of the better ECN-regulated brokers on a global scale.

Account Types

FP Markets provides traders from all corners of the world with the opportunity to choose between two account types:

• Standard Account
  • No restrictions on trading strategy (Scalping allowed)
  • Spreads starting at 1.0 pips
  • No commission fees
• Raw Account
  • No restrictions on trading strategy (Scalping allowed)
  • Spreads starting at 0.0 pips
  • Low commission fees (3 USD per lot, per side)

Trading Instruments

FP Markets provides traders with a thoughtfully chosen selection of trading instruments, granting them access to the most widely traded and liquid financial markets worldwide, ensuring optimal trading opportunities around the clock.

Trading Platforms

FP Markets offers two trading platforms that could be considered the most popular on a worldwide scale. These platforms are MetaTrader 4 and MetaTrader 5, which are all available as desktop and mobile trading platforms, allowing the trader high flexibility of available devices he can operate from.

MetaTrader 4

MetaTrader 4 stands as an advanced trading platform that has established itself as a standard tool for experienced Forex traders, facilitating trade execution even in the absence of an active device. It is characterized by its intuitive user interface, an extensive array of technical analysis tools for prognosticating market trends, live updates on currency prices, and a host of additional features. Noteworthy components of MetaTrader 4 encompass mobile trading capabilities, access to trading signals, and comprehensive financial market insights, all of which serve to elevate and enrich the overall Forex trading encounter. Furthermore, it provides support to traders in more than 30 languages globally, along with three distinct trade execution modes, instant execution, execution on request, and execution on the market.

MetaTrader 5

MetaTrader 5 stands as a robust automated trading platform, providing sophisticated tools for meticulous trading analysis and execution in the realm of financial markets. Beyond its ability in Forex trading, the MetaTrader 5 platform extends its capabilities to trade Stocks, CFDs, and Futures. It boasts a diverse array of order types and execution modes, affording traders the capacity to implement tailored trading strategies even in offline settings. With the capability to simultaneously open up to 100 charts and access 21 distinct timeframes, the platform empowers users to conduct in-depth analysis of price movements, even based on minutes. Additionally, it offers a comprehensive suite of 80 technical indicators and 44 analytical objects, allowing you to enhance your trading experience.

Safety

FP Markets is a broker that was founded back in 2005 while also being regulated by several financial authorities worldwide. These include the following six:

• ASIC – Australian Securities and Investments Commission
• CySEC – Cyprus Securities and Exchange Commission
• SVGFSA – Financial Services Authority (Saint Vincent and the Grenadines)
• FSCA – Financial Sector Conduct Authority
• FSA – Financial Services Authority (Seychelles)
• FSC – Financial Services Commission

FP Markets allows you to select from their authorized entities when opening a trading account, depending on your place of residence. This information is significant for those considering a partnership with FP Markets, as the level of investor protection and regulatory oversight varies depending on the specific entity you are affiliated with.

FP Markets does not offer negative balance protection to clients under ASIC and the Financial Services Authority of St Vincent and the Grenadines, but it does provide this feature to clients under CySEC.

Customer Support

FP Markets offers clients outstanding customer support through email, live chat, and phone channels. These avenues are available around the clock from Monday to Friday, with specific hours of availability on weekends, guaranteeing accessible assistance no matter where you are. Whether you prefer direct conversations, communication via email, or real-time chat interactions, FP Markets is dedicated to providing exceptional customer support tailored to your individual preferences.

• Email Support

FP Markets sets itself apart with its outstanding email support, promising clients a rapid response within a single day of reaching out. This commitment to timely communication ensures that clients receive the assistance they need promptly.

• Live Chat Support

In addition to its excellent email support, FP Markets provides an exceptional live chat service. This feature connects you directly with a knowledgeable agent dedicated to providing you with the specific information you seek. This immediate, real-time support ensures that you can make well-informed decisions swiftly and efficiently.

• Phone Support

Lastly, FP Markets offers phone support to guarantee clients receive prompt and accurate responses to their inquiries. The company maintains a quick response time from the moment of contact, underscoring its dedication to providing excellent support across all communication channels.

Exclusive: When Is Using a VPS & Trade Copier Beneficial?

Using VPS and Trade Copier services in financial market operations can prove highly beneficial in specific situations. Before going into specifics, it’s essential to first understand what a VPS and a Trade Copier actually are and the advantages they offer.

VPS

A VPS, short for virtual private server, is a system that houses the necessary software and data for operating an application or website. The term virtual indicates that it utilizes only a fraction of the underlying physical resources of the server, which are overseen by an external provider. Nevertheless, you have exclusive access to your allocated resources on this hardware.

When is Using a VPS Beneficial?

• When trading with Expert Advisors (EAs)
• When trading with multiple Brokers/Proprietary Trading Firms through a Trade Copier
• When trading through a Mac device

Trade Copier

A trade copier is essentially a software tool employed to duplicate trades across numerous trading accounts. It stands out as the most convenient and effective method for simultaneously managing multiple trading accounts, allowing for the execution of identical trades across various trading platforms.

When is Using a Trade Copier Beneficial?

• When trading with numerous Brokers
• When trading with numerous Proprietary Trading Firms
• When looking to spread risk between numerous trading accounts

Why should you connect a VPS and Trade Copier with numerous trading accounts?

As stated above, incorporating a VPS and Trade Copier into your trading activity can provide a wide range of advantages. For example, when pairing them with multiple trading accounts, you can strengthen the benefits they offer to an even larger extent.

Example of connecting five trading accounts, a VPS, and a Trade Copier

By utilizing a VPS server, you’ll ensure yourself a consistently low latency and a robust connection, ensuring uninterrupted operation of your Trade Copier 24 hours a day, 7 days a week. When integrated into your network of trading accounts linked by a Trade Copier, this can lead to substantial improvements in your trading outcomes. This is because you will no longer need to manually execute trades across all your accounts. Instead, simply execute the trade on your Master account, and the Trade Copier will automatically replicate it across all the connected Copier accounts. By employing this approach and configuring specific risk parameters for each linked trading account, you can enhance your risk management for each position, regardless of the current balance available in any of your trading accounts.

Education

FP Markets provides its clients with a wide range of valuable educational tools. These include a demo account, economic calendar, forex calculator, numerous video tutorials, and a trading glossary.

• Forex Calculator

The FP Markets Forex Calculator is a valuable tool designed to empower you with a comprehensive assessment of the potential risks associated with your upcoming trade, allowing you to make informed decisions before executing it. This tool includes a range of essential features, including precise calculating of position sizes, pip values, margins, swaps, profits, losses, and overall risk management.

• Video Tutorials

FP Markets’ Video Tutorials section is a rich educational resource designed to empower traders with valuable insights and practical knowledge. These expertly crafted video lessons cover a diverse range of topics, catering to both beginners and seasoned traders. From understanding fundamental concepts to mastering advanced trading strategies, FP Markets’ Video Tutorials provide a dynamic learning experience. With clear explanations, real-world examples, and step-by-step guidance, traders can confidently navigate the complexities of the financial markets.

• Trading Glossary

FP Markets’ Trading Glossary is a valuable educational resource designed to explain the terms of trading. This comprehensive collection of terms and definitions covers a wide spectrum of financial wording, making it an essential tool for traders of all levels of expertise.

Conclusion

In conclusion, FP Markets stands out as a top-notch global Forex broker within the industry. They provide access to the industry-favored MetaTrader 4 and MetaTrader 5 trading platforms. What sets them apart is their simplistic account opening process and competitive trading fees, which include free deposits and withdrawals. Offering a choice between two distinct account types, along with tight spreads and minimal to zero commissions, demonstrates their commitment to creating favorable trading conditions for traders of all experience levels globally. It’s worth noting that FP Markets maintains a strong regulatory framework, allowing users to choose authorized entities based on their country of residence, enhancing security for those who partner with them. Additionally, their extensive range of free educational resources, such as various trading tools, video tutorials, and a comprehensive trading glossary, underscores their dedication to providing essential knowledge that is needed for success. It’s also noteworthy that FP Markets offers the potential integration of VPS and Trade Copier services. In conclusion, FP Markets is a reputable broker dedicated to serving traders of all experience levels, solidifying its position as an excellent choice within the broker industry.