FP Markets: Experts’ Review and Rating 2024

Homepage of FP Markets

FP Markets holds a Trading.Biz evaluation score of 8, reflecting a comprehensive review of a top-notch broker.

It is highly regarded for its regulatory framework, comprehensive offerings, and user-friendly features. The broker’s strengths include advanced tools, low starting balance, and product range. However, it could add user incentives and accounts to attract more traders.

Pros and Cons of FP Markets

Based on the offerings of the FP Market, its pros and cons are listed in the table below.

Evaluating The Highly Impacting Factors

Consider Trading With FP Markets If:

• You want a broker with trading accounts in multiple currencies.
• You want a top-tier licensed broker.
• You want negative balance protection for retail trading.
• You want a broker with a flexible and transparent trading structure that allows players to choose their preferred trading terms and options.
• You don’t want any trading restrictions.

Don’t trade with FP Markets If:

• You want to use the Cent account.
• You like welcome bonuses when trading.
• You want tight spreads on the Standard account.

Verified Office Address of FP Markets

Verified Office of FP Markets

FP Markets has different addresses that reflect its international presence:

• F20, 1st Floor, Eden Plaza, Eden Island, Seychelles.
• First Prudential Markets Ltd 109 Griva Digeni, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus.
• Level 5, Exchange House 10 Bridge St Sydney NSW 2000 Australia.

Regulation and Security

Regulation and Security of FP Markets

Regulation

Different top-notch authorities regulate FP Markets, including the Financial Sector Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, the Australian Securities and Investments Commission (ASIC), and the Financial Services Authority of St. Vincent and the Grenadines.

Security

FP Markets is committed to maintaining security in several ways. First, it segregates clients’ funds from operational funds, preventing any mix-up. Also, it uses Secure Sockets Layer (SSL) technology to encrypt data transmission between your device and the broker’s servers, protecting your login credentials and financial information.

Additionally, FP Markets employs Two-Factor Authentication (2FA) for account logins. Finally, the broker undergoes regular security audits by independent firms to identify and fix potential vulnerabilities in their systems.

Experts’ Opinions on FP Markets

Jack Of All Trades praised FP Markets’ flexibility, “FP Markets features sophisticated financial assets like bonds and cryptocurrencies.”

Jack of All Trades Review of FP Markets

Aleksandrov said, “FP Markets has become one of the most trusted names in the financial markets. They are related by ASIC and CySEC, ensuring that they adhere to strict guidance and offer clients peace of mind.”

EA Trading Academy review of FP Markets

Another expert, Yury Safronau of AtoZ Markets, spoke highly about FP Markets: “This forex broker offers over 12000+ trading instruments, that is a lot! Most brokers offer less, so this is a lot of assets.”

AtoZ Markets YouTube review of FP Markets

Expert Review of FP Markets

Based on my experience, FP Markets is a reliable trading platform with many attractive features for traders, including copy trading, scalping, negative balance protection, and various payment systems. I particularly appreciate its multiple licenses and offices, which provide a sense of security and trustworthiness.

One drawback I noticed is that loss compensation is only available to traders from the European Union (EU).

Sign-Up and Verification Process

The sign-up process for FP Markets

The sign-up process at FP Markets is user-friendly and straightforward. Here’s how I did it:

• I went to the FP Markets website.
• I entered my first name and last name.
• I added my email address.
• I put in my phone number.
• I clicked “Register Now.”

After signing up, I had to verify my account for regulatory compliance and activate it fully. Here’s what I did:

• I provided my Proof of Identity (POI), which could be a passport, driver’s license, or national ID card.
• I provided my Proof of Residence (POR), which could be a utility bill or bank statement.
• I uploaded the documents online.
• I waited for a review and approval.
• I stayed informed on my verification status.

Dashboard of FP Markets

Dashboard of FP Markets

The FP Markets dashboard has a white background with a splash of blue in and around the edges. Once you log in, on your left-hand side, you should see the following icons:

Accounts

This summary of your trading accounts provides information such as account balances, equity, margin, and open positions.

Profile

This shows your profile settings, where you can edit personal information, contact details, and possibly account security settings.

Funding

This section is for depositing and withdrawing funds from your trading accounts using its various payment systems.

Partners

This icon is for the FP Markets’ affiliate program.

Downloads

This icon lets you download resources such as trading platform software (MT4, MT5) or educational materials (user guides).

Help

Here, you can access FP Markets’ customer support resources. You might get FAQs, contact information, or even a live chat option for communication with a representative.

Deposit/Withdrawal Methods in FP Markets

Here are the deposit and withdrawal options that FP Markets makes use of:

Deposit

Depositing funds on FP Markets

FP Markets offers multiple funding options, including credit/debit cards, bank transfers, online banking, e-wallets, and cryptocurrencies. With these many options, allowing a wide range of acceptable currencies is only reasonable. These currencies include BTC, ETH, USD, EUR, GBP, JPY, INR, and IDR. These are some conditions for depositing funds:

• The transaction process differs depending on the funding method you use.
• The base currency of one payment method may vary from the other.
• FP Markets doesn’t charge deposit fees, but third-party fees may apply.
• Making deposits in the base currency is advisable to avoid unnecessary charges.
• FP Markets covers internal bank fees for international deposits.

Withdrawal

Withdrawal of FP Markets

Withdrawing funds from FP Markets is fast and easy. The mode of withdrawal is very similar to that of funding. However, unlike deposits that don’t incur charges, withdrawal fees apply to some withdrawal options. Therefore, paying attention to the conditions attached to your method is imperative to prevent avoidable mistakes.

These are some factors to note:

• Withdrawal fees apply except for card withdrawals, bank wire transfers, and crypto payments.
• The processing time for withdrawal will depend on the mode of withdrawal.
• Bank wire transfer withdrawals require document verification.
• Your method will determine the exact withdrawal fee and currency available.

Trading Terms and Conditions

Trading Terms on FP Markets

These are the trading terms and conditions that make FP Markets conducive for financial activities;

• Regulation from established authorities like ASIC, CySEC, FSC, FSCA, FSA, MISA, etc.
• Different trading platforms like MT4, MT5, IRess, cTrader.
• It offers accounts in multiple currencies.
• It offers a high leverage of up to 1:500.
• It has a minimum deposit of $100.
• It has tight raw spreads from 0.0 pips.
• It provides various financial assets (currency pairs, forex, commodities, etc).
• It utilizes trading features like hedging and scalping.
• It provides segregated accounts and negative balance protection for clients.
• It has zero trading restrictions.

How to Start Trading with FP Markets

How to start trading on FP Markets

These are the steps you must take before you can begin trading on FP Markets:

• Go to the FP Markets website, register, and log in.
• Fill in your details, such as your name, email, country, etc.
• Select a trading platform.
• Add and confirm a password.
• Select a currency
• Download and install the chosen platform
• Explore the platform
• Start trading
• Monitor your trade

Valuable Tools for Traders by FP Markets

Valuable tools for traders by FP Markets

The FP Markets platform provides valuable tools and resources to support traders in their journey. These include:

Forex Calculator

This comprehensive tool encompasses a pip calculator, currency converter, margin calculator, swaps calculator, and profit calculator. It offers essential metrics for informed decision-making and risk assessment.

Virtual Private Server (VPS)

With the VPS, your trading efficiency is guaranteed as there are no servers or internet issues. It is a customized, ultra-low-latency solution that ensures fast execution and minimal slippage. The broker’s VPS solutions use cutting-edge technology that ensures trade executions are done in milliseconds.

Autochartist

This tool uses technical indicators and market analyses to discover chart patterns, allowing users to better understand trading opportunities in real time. It functions on trading platforms (MT4 and MT5).

Signal Start

This is a simple yet effective platform for providing signals to traders using industry-standard account analytics.

Economic Calendar

Keeping traders updated on crucial economic events, the economic calendar aids in strategic planning and risk management.

Trading Central

This tool combines automated AI analysis, technical analysis, fundamental analysis, and economic research to assist in making informed investment decisions.

Technical Analysis

The platform offers insights into recent market developments via articles and blog posts. These articles assist traders in understanding and navigating the complexities of technical analysis, providing valuable knowledge for effective decision-making.

Investing opportunities with FP Markets

Investment opportunity on FP Markets

FP Markets offers two ways for clients like me to increase my earnings: Copy Trading and MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts.

Copy Trading

FP Markets’ auto-copy feature lets you find, follow, and copy successful traders in real time. You don’t need to configure a trading plan or make any trading decisions, as the feature is automated. Nonetheless, you retain the right to maintain control of your account.

MAM/PAMM Accounts

MAM/PAMM on FP Markets

In MAM accounts, clients are given the option of a portfolio manager trading all their accounts as if they were one ‘Master account.’ PAMM is a type of pooled-money trading scheme where investors are part of some sub-accounts jointly traded by a money manager who has permission from clients to trade their accounts under an LPOA (Limited Power of Attorney).

Affiliate Program of FP Markets

Affiliate program of FP Markets

FP Markets runs a highly successful partnership program that rewards introducing brokers and partners who attract new clients. Affiliates can earn up to $800 CPA. We offer advanced real-time tracking, multi-tier commission structures, transparent reporting, and access to dedicated conversion specialists.

Additional perks include multilingual marketing tools, customized deals, and innovative portals. The program’s low-entry barrier, volume-based rebate structure, and fast payments make it even more appealing.

Conclusion

FP Markets is a highly reliable broker thanks to its robust regulatory framework and top-level security. I am particularly attracted to itsm particularly attracted by its transparency and advanced features, such as trading platforms, tls.

FP Markets offers a wide range of trading instruments, enabling portfolio diversification and favorable trading conditions. Overall, it provides a highly satisfactory trading experience.

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