FP Markets

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FP Markets 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • Any Forex or CFD Trader
  • Traders located in UK, EU, or AU

Trust Level: Very High

  • Licensed and regulated by ASIC and CYSEC
  • In business since 2005

Popularity

826 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To FP Markets

FP Markets was founded in 2005 and has been a long standing forex broker. The Aussie broker offers an impressive 10,000 + portfolio of tradable products, including forex, metals, shares, indices, commodities, and bonds. Retail traders rejoice, the broker offers the industry favorite trading platform MetaTrader 4 and MetaTrader 5. They also offer two additional platforms called Iress and Mottai.

FP Markets regulation status combined with product offering makes the broker a great option for any forex and CFD trader.

$0

Minimum Deposit

$3.00

FX Commission
(per lot)

Yes

Free Demo Account

No

Inactivity fee

Pros

Low trading fees

Impressive product offering

Great trading platforms

Cons

High balance requirement for CFD/stocks

International bank withdrawal fee

Review Video:

Coming soon!

Pepperstone Quick Facts

Country Headquarters

Melbourne, Australia

Instruments Offered

Forex, Metal, Stock Indices, Bonds

Base Account Currency

EUR, GBP, USD, AUD, CAD, SGD, HKD, NZD, JPY, CHF

Minimum Deposit

$0

Withdrawal Fee

FREE – $6 (depending on withdrawal method)

Account Verification Time

4-8 Hours

Deposit Options

Card, PayPal, Neteller, Skrill, Bank Transfer, and more

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 + 5, Iress, and Mottai

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 5 / 5

FPMarkets account verification process is fully digital and can be completed in minutes. To open a live account the broker requires:

  • Valid ID document
  • Valid proof of address
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Commissions & Fees 4 / 5

Trading commissions:

Raw accounts: $3.00 USD per lot
Standard accounts: starting from 0.2 pip mark up

Fees:

No fee to deposit. Up to $6 fee for international bank wire withdrawal.

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Deposit and withdrawal 4 / 5

FP Markets deposit options:

  • Credit / debit card
  • Bank Transfer
  • BPay
  • PayID
  • PayPal
  • Neteller
  • Skrill
  • Broker to Broker

$6 withdrawal fee for international bank wire.

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Trading Platforms 4 / 5

The trading platforms that are offered at FP Markets are:

  • MetaTrader 4
  • MetaTrader 5
  • Iress
  • Mottai
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Customer Support 5 / 5

FP Markets offers impressive support via live chat, email, and phone.

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Other 5 / 5

Additionally, FP Markets offers it’s traders:

  • Free demo account (live account not required)
  • Events and Webinars
  • Podcasts
  • Fundamental and Technical Analysis
  • Video Education Courses
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About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4.5 / 5

ForexBrokerTalk Final Score

We consider FP Markets a great option for traders. The broker offers low commissions on a wide range of tradable products.

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