Trade Broker FPMARKETS.com Reviews
FP Markets is an ECN/STP type online broker for trading forex and CFD products.
It also allows you to invest in the market directly through real shares.
| FOUNDED | 2005 |
| BROKER TYPE | ECN |
| TRADING PLATFORMS | MT4, MT5 |
| ACCOUNT TYPES | RAW, STANDART |
| LEVERAGE – retail | 1:30 |
| LEVERAGE – global / pro | 1:500 |
| SPREAD – standart account | from 1.0 pips |
| MINIMUM DEPOSIT | 100$ |
| MINIMUM TRADABLE VOLUME | 0.01 Lot |
| DEPOSIT/FUNDING OPTIONS | Bank transfer, Credit/Debet card, Electronic wallet |
| WITHDRAW OPTIONS | Bank, Electronic wallet |
| SUPPORT | 24/5 |
| REGULATIONS | CySEC, ASIC |
FP Markets is also a broker with very low spreads, which are close to zero on the most traded instruments in the major financial markets. We are therefore dealing with a broker that not only offers first-class services, but also allows you to invest without spending a fortune.
The spreads are always available on the official website and are constantly updated. The spreads are much lower than the average of the CFD brokers that we recommend and are below the overall average at which they offer such services.
FP Markets is a dual-licensed broker, which means dual controls and dual reliability. This broker is born in Australia and therefore is equipped first of all of license ASIC, a license that presupposes important controls but that cannot be of little interest for who wants to make trading from Europe.
This double license is a sign of the enormous reliability that this broker is able to offer to those who trade in Europe.
Forex is a highlight of this platform, which offers 65 currency pairs that you can invest in with a spread close to zero.
There are 16 stock indices available, including American, Australian, European, Chinese and British indices. The choice is very wide.
IC markets also offers the possibility to invest in commodities (i.e. raw materials) and even if it is not its strong point, the choice is decidedly well supplied including both metal commodities (gold, silver, platinum, palladium), and energy commodities (natural gas, BRENT oil, WTI oil), and finally agricultural commodities (sugar, corn, soybeans, wheat, coffee).
The stock market, on the other hand, which is only available on the MT5 platform, offers more than 100 stocks, including some ETF stocks. these belong to the Australian index, the American technology index and the New York stock exchange (known as Wall Street). Thanks to this possibility, you can make a profit from the company’s dividends, a difficult long term technique but one that is very popular with experienced users.
Let’s see what possibilities IC Markets offers to its investor users.
IC Markets allows you to invest in a variety of assets including bonds, cryptocurrencies, futures and the stock market.
FP Markets is one of the brokers with the lowest costs to access its markets. We talk about a broker that first of all has divided in two the investment modalities and the relative commissions. We will talk about two different ways of applying commissions, placed in two different categories.
Those who choose to invest in FP Markets via MetaTrader can choose between:
- Standard commissions: i.e. without paying any kind of fixed commission. In this case you pay a small spread between buying and selling
- Raw or fixed commissions. Zero spread, but we charge AUD 3 per trade
FP Markets offers different types of deposit and withdrawal access, which we will talk about in a moment. In fact, we are dealing with a broker that works all over the world and offers the maximum freedom in terms of payment methods.
Those who invest with FP Markets can decide to deposit with:
- International bank transfer
- Credit card or prepaid card
- Skrill
- PayPal
- Neteller
Depending on the platform you select you will have access to a different trading offering:
- MetaTrader4 and MetaTrader5 allow you to trade CFDs, either through ECN or STP offerings
- WebTrader, which allows access to all offers but is a web platform, accessed via your browser
- IRESS, the latest generation platform which also allows access to DMA offers
MetaTrader4 and 5 give you access to ENC and STP offers.
ECN (Electronic Communication Network) offers are the first to appear with online trading. They are characterised by a traditional set-up: the client pays the broker a commission when opening a trade but does not pay the Spread on the trade.
Unlike bank commissions, however, FP Markets’ commissions are not standardised at all but are calculated on a volume basis. In this way all those who trade with small amounts of capital actually benefit. We will discuss this in more detail in the section on FP Markets’ fees.
STP (Straight Through Processing) offers, on the other hand, charge a Spread but no commission. The Spread, the difference between the bid and ask price, is calculated in pips, where 1 pip is the 5th useful digit of the price of an asset.
The greatest advantage of FP Markets is the platform offered. On the one hand we have MetaTrader – both version 4 and version 5 – which is the best trading platform we can use for online trading of CFD products and technical analysis using indicators and users on charts.
MetaTrader is a real legend for the world of independent investors, because it is a complete platform, perfect for technical analysis and it offers:
- EA Scripts: a scripting language that allows us to use programs and small programs to manage part of our investments in a semi-automatic way
- Technical analysis of the highest level: there are many indicators that we can apply with a simple click
MetaTrader remains one of the best systems in the world. There is no need to calculate the application of this or that indicator on your own.
FP Markets allows you to trade with variable spreads, which are known to be lower and cheaper than fixed spreads.
Last but not least, DMA (Direct Market Access) offers allow you to actually buy a security. Whereas ECN and STP refer to particular derivative instruments, CFDs, with DMA you can actually buy and own a security. This offer is particularly valuable if you intend to invest in shares.
The MetaTrader line of platforms is one of the most famous and widely used in the world. They are true gems of online investing, made by MetaQuotes Software Corp. and made available to various brokers.
The IRESS is a platform exclusive to FP Markets, a masterpiece of computer engineering that is structured in 3 interconnected interfaces.
The three interfaces are:
- IRESS Viewpoint, dedicated to market analysis, news and investment strategies. Using the Viewpoint before investing is a great way to better plan your operations
- IRESS Trader, dedicated to DMA investments and fast order execution
- IRESS Investor, a multi-market platform for those interested in CFD trading
The three interfaces are interlinked and users can easily switch between them to take advantage of the features of each for their own operations.
The main strength of FP Markets is the platform. On the one hand we have MetaTrader – both version 4 and version 5 – which is the best trading platform we can use for online trading of CFD products and technical analysis through the use of indicators and users on charts.
MetaTrader is a real legend for the world of independent investors, because it is a complete platform, perfect for technical analysis and it offers:
- EA Scripts: that is a scripting language that allows to use programs and small programs to manage in a semi-automatic way part of our investments.
EA Scripts have their best application in the world with FP Markets (demo account here), thanks to a VPS system that is included in several accounts.
- Technical analysis of the highest level: there are so many indicators that we can apply with a simple click.
MetaTrader remains one of the best systems in the world in this respect. There is no need to calculate the application of this or that indicator on your own. The bulk is already available for those who want to invest immediately.
