FPMarkets Review Is it a Scam or Legit Broker 2024

You have the option to automate your trades and the Autochartist tool will help you with ideas like no other platform you have ever seen. This platform is not for immediate beginners and you need to have at least some previous experience to thrive. It’s a great place for all kinds of traders but it’s most optimal for scalpers and day traders looking to up their game with high-end trading tools. 92% of the brokers in our database (60+) offer Visa/Mastercard, 78% offer Skrill, 70% offer Neteller, and 44% offer PayPal.

FP Markets received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #25 out of the 62 brokers in the BrokerNotes database. FP Markets is a multi-regulated broker that has been serving the needs of traders for over 17 years. It provides access to a wide range of trading instruments and multiple platforms.

For a retail account, $1000 is the minimum deposit required for CFD trading and the financing rate would be FP Markets base rate + 3.0%. The non-trading fees are the fees incurred without taking into consideration the number and type of trade the traders take. FP Markets allow its traders to trade both share CFDs as well as indices. It has 10,000+ Australian and international share CFDs to trade in famous markets like London, Hongkong, and Paris. It covers many industries like Big Tech, aviation, tourism, and pharmaceuticals.

  1. The broker provides a comprehensive and understandable education course addressing important market sectors that is geared towards enhancing your trading knowledge.
  2. FP Markets offers 4 of those 5 features, whereas the average forex broker offers 3 of those features.
  3. Between 74% and 89% of retail investor accounts lose money when trading CFDs.
  4. Large tech names led the way in recent movement, and, unsurprisingly, the price of Apple (AAPL), due to its large weight in the S&P, gapped higher and delivered its largest…
  5. FP Markets doesn’t charge an account fee, contributing to its appeal.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

How Are Execution, Leverage And Position Sizing With FP Markets?

The FP Markets Podcasts Series offers you some of the most valuable content that you will find from any broker. The broker also provides a series of educational video tutorials about its trading platforms. Overall, this is another area in which I feel the broker excels and blows away a lot of the competition.

How Is FP Markets Customer Service?

You can also get a free VPS through some other brokers including IC Markets. FP Markets have a unique portfolio with a large number of assets for you to choose from and create a diversified portfolio according to your own preferences. However, the broker does not offer some asset classes like options, funds, bonds and ETFs.

FP Markets Review 2023

According to his comments, it was evident that the customer service team issued prompt responses. There are limited ways to avail the support of the customer service team at FP Markets. However, they are constantly making an effort to minimize the waiting time while ensuring quality service to their customers. Depositing money into your account can be done through a wide range of methods. FP Markets only allow deposits from the accounts that were opened under the name of the trader in question. All payment methods accept different currencies and work in different regions, so it’s up to the client to choose the method that is suitable for them.

Commissions & Fees

The minimum spread on forex and commodities is 0.0 pips while on the GILT bond, it is 0.0 pips. The broker offers a handful of payments methods for deposits and withdrawals. The broker does not require any deposit fees on its funding methods except the blockchain charges on cryptocurrencies deposits.

Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that FP Markets does not currently accept traders from the United States.

In this FP Markets review, the expert InvestinGoal team has taken a closer look at all the key features of the broker including trading platforms, costs, minimum deposits, and more. FP markets can really brag about having a lot of features that make this CFD broker stand out. To start with you have six different products with 0% commission and ultra-low spreads. Then you have a complete education center and a traders hub full of educational material for both beginners and experienced traders.

With MetaTrader 5, you can choose from 814 stocks across 9 global stock exchanges including some European exchanges that IRESS doesn’t offer. IRESS allows the trading of even more stocks as well as some futures and ETFs. The below module compares the average spreads of the FP Markets’ RAW account with the average spreads from similar accounts of other brokers.

Learn new strategies or find new technical indicators to use that already profitable trader explains how to apply. BlackBull Markets is an online trading brokerage firm that has its headquarters in Auckland, New Zealand. We will also explain, in detail, how to open an account at Blackbull Markets and the verification procedures. FP Markets caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences.


The two platforms made available to clients to trade CFDs are Iress and MT5. FP Markets provides traders with an outstanding trading experience. Its list of supported countries includes Australia, China, Germany, UAE, fp markets reviews the UK, etc. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.

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