FP Markets

Since: 2005
Regulation: ASIC, CySEC
Platform: MetaTrader 4/5, Iress, WebTrader
Minimum deposit: $ 100
Maximum Leverage: 1:500

• FP MARKETS

FP Markets was founded in 2005 and regulated under the Australian Securities and Investment Commission, AFS Licence No. 286354.

FP Markets has been regulated by Cyprus Securities and Exchange Commission (CySEC) since 2018, with License number 371/18.

FP Markets asserts that investor deposits are safely kept in the Commonwealth Bank, which is one of the big 4 banks in Australia. This ensures the segregation of traders’ funds from the operational funds of FP Markets.

The convenience of being able to trade CFDs across equities, Forex, indices, commodities, futures and cryptocurrencies from one account is one of the key reasons traders choose FP Markets.

Why FP Markets?

-  Trading Accounts in 10 major currencies AUD, USD, EUR, GBP, SGD, NZD, JPY, HKD, CHF, CAD
-  Tight spreads from 0.0 pips
-  Direct access to high liquidity
-  Leverage up to 1: 500
-  The Minimum Deposit is $100 USD
-  Hedging and scalping: Allowed
-  MAM/PAMM account
-  Autochartist: Yes
-  Payment methods: Credit/Debit cards (VISA and Mastercard), Domestic bank wire, International bank wire, Neteller, Skrill, PayPal, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay and Broker to Broker.

The company’s outstanding 24/5 multilingual service has led to it having the most satisfied clients 5 years running and being awarded with ‘The Highest Overall Client Satisfaction Award,’ Investment Trends 2016 Australia CFD Report.

Account Types

Forex traders are offered a choice between a Standard account and a Raw account. The Forex Standard account requires a minimum deposit of $100 AUD or equivalent, and offers spreads starting from 1.0 pip, with no commission.

The Forex Raw account requires a minimum deposit of $100 AUD or equivalent and offers spreads from no minimum, but a commission of AUD $3.50 is charged per lot per trade. An Islamic account and a VPS are also available.

CFD traders are offered a choice between three Iress account types. The Standard account requires a minimum deposit of $1,000. A minimum brokerage fee of $10 per month is charged (or 0.1% of trade size, whichever is higher). Overnight financing is at RBA + 4%, and the $55 GST fee per month is waived if the trader generates at least $150 of commission in a month. The $22 monthly GST fee for ASX data is waived if the trader generates at least $50 of commission in a month. The Platinum account requires a minimum deposit of $25,000.  A minimum brokerage fee of $9 per month is charged (or 0.09% of trade size, whichever is higher). Overnight financing is at RBA + 3.5%, and the $55 GST fee per month is waived if the trader generates at least $150 of commission in a month. The $22 monthly GST fee for ASX data is waived if the trader generates at least $50 of commission in a month. Finally, the Premier account requires a minimum deposit of $50,000. A brokerage fee of 0.08% of trade size is charged, with no minimum flat fee. Overnight financing is at RBA + 3%, and the $55 GST fee per month is waived unconditionally.

All accounts offer a minimum trade size of 1 micro-lot (0.01 full lots).

Some of the key features of FP Markets online trading broker include:

• Well respected ASIC and CySEC regulations
• Very large range of trading instruments (over 13,000+)
• ECN pricing model
• Tight spreads & fast trade execution speeds
• Advanced & powerful IRESS trading platform
• Commission free accounts
• Plenty of account funding methods
• Client funds held in segregated accounts
• Broker has won multiple awards