FP Markets Review 2024

First Prudential Markets (FP Markets) is a Forex broker regulated by multiple financial authorities, including ASIC, CySEC, SVG FSA, FSCA, and FSC.

This broker offers 2 main account types, Standard and RAW, with floating spreads from 0.0 pips and a minimum deposit of $50.

FP Markets Company Info and Regulation

FP Markets is a trusted broker that has been serving traders for nearly two decades. The company's commitment to providing a secure and transparent trading environment is evident through its regulatory compliance. FP Markets is regulated by:

• ASIC
• CySEC
• FSA (Saint Vincent and Grenadines)
• FSA (Seychelles)
• FSCA
• FSC

These regulatory oversights ensure that FP Markets adheres to strict financial standards, including segregation of client funds and regular audits.

FP Markets Broker Summary

Let's take a quick look at the key features of FP Markets:

FP Markets Account Types

FP Markets offers 2 main account types to suit different trading needs:

Each account type comes with its unique features, allowing traders to choose based on their trading style, risk appetite, and experience level. It’s worth mentioning that FP Markets also offers a professional account with increased leverage up to 1:500.

Advantages and Disadvantages of FP Markets Broker

Let's weigh the pros and cons of trading with FP Markets:

FP Markets Account Opening and Verification Process

Now, it’s time to go through the account opening process in our FP Markets review.

1. Visit www.fpmarkets.com and click "Open Live;"
2. Fill in personal details, including first and last name, country of residence, title, and phone number;
3. Upload verification documents, including valid ID and POA documents
4. Fund your account
5. Start trading

The verification process typically takes 24 hours.

Trading Platforms in FP Markets broker

FP Markets offers a variety of popular trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.

MetaTrader 4 (MT4)

MetaTrader is the most well-known Forex trading platform in the world. Some of its key features include

• Customizable interface
• Over 20 technical analysis tools and indicators
• Available for desktop, web, and mobile
• Custom Indicators

Links:

• Android
• iOS
• Desktop
• Mac

MetaTrader 5 (MT5)

MetaTrader 5 is a more advanced trading platform suitable for modern traders. Key features include:

• 21 timeframes and advanced analytical objects
• Integrated economic calendar
• Over 20 built-in indicators
• Wide range of tradable instruments, including indices, bonds, and crypto currencies

link:

• Android
• iOS
• Desktop
• Mac

cTrader

ctrader is an ultra-modern trading platform that has been operating since 2011. Key features of trading in FP Markets with cTrader include:

• Designed for ECN trading
• Advanced charting and order management
• Suitable for both beginners and professionals

Links:

• Android
• iOS
• Desktop

FP Markets Spreads and Commissions

FP Markets is known for its competitive pricing structure:

• Standard Account: Spreads from 1.0 pips, no commission
• Raw Spread Account: Spreads from 0.0 pips, $3 commission per lot

The actual spreads may vary depending on market conditions and the specific instrument being traded. It's worth noting that FP Markets' low spreads and commissions make it an attractive option for both novice and experienced traders.

FP Markets Deposit & Withdrawal

FP Markets offers several options for deposits and withdrawals, including:

• Credit and Debit
• PayPal
• Bank Transfer
• Skrill
• Neteller

Here's how you can deposit funds to your trading account:

1. Log in to your client area
2. Choose deposit menu
3. Select your preferred funding methods
4. Enter the deposit amount
5. Complete the transaction process 

There are no fees charged by FP Markets for deposits or withdrawals, but third-party fees may apply.

Copy Trading & Investment Options in FP Markets

When it comes to investment options, FP Markets covers everything traders need.

• Algo Trading: Algorithmic trading is done through Expert Advisors in FP Markets trading platforms. Traders run the programs to trade 24/7 without human interference.
• Copy Trading: Traders can join FP Markets propriety platform “Social Trading” to choose from profitable traders and copy their trades with a low fee.
• PAM and MAMM accounts: Traders can let trusted account managers buy and sell assets with tier money and share a portion of profit with them.

FP Markets Tradable Instruments

FP Markets offers a wide range of tradable instruments:

• Forex: Over 60 currency pairs
• Stocks: 650+ CFDs on shares from major global exchanges
• Indices: 15 global stock indices
• Commodities: Coffee, corn, natural gas, and more
• Cryptocurrencies: Bitcoin, Ethereum, Ripple and other popular coins
• ETFs: 200+ ETF CFDs
• Metals: Gold, silver, oil, and more

With over 10,000 tradable instruments, FP Markets provides ample opportunities for diversification and market exploration.

Bonuses and Promotions in FP Markets Broker

FP Markets occasionally offers bonuses and promotions to new and existing clients. This broker currently offers an exciting referral program for existing traders. By sharing their links with friends and family, traders can earn up to $800 CPA for affiliates.

It's important to note that bonuses and promotions are subject to change and may have specific terms and conditions. Always check the official website for the most up-to-date offers.

FP Markets Support

Now it’s time to cover support channels in our FP Markets review.

The broker's commitment to customer satisfaction is evident in its responsive and knowledgeable support team.

FP Markets Banned Countries

FP Markets does not accept clients from certain jurisdictions due to regulatory restrictions. Some notable restricted countries include:

• USA
• Japan
• New Zealand
• Belgium
• Iraq
• Iran
• Syria
• North Korea

Always verify your eligibility to open an account based on your country of residence.

FP Markets Trust Scores

FP Markets has garnered positive reviews from many traders.

Traders often praise FP Markets for its:

• Competitive pricing
• Fast execution
• Responsive customer support
• Wide range of trading instruments

FP Markets Broker Education Materials

FP Markets offers various educational resources. From detailed videos on YouTube to a Trading Glossary, FP markets cover everything a trader needs to start their journey.

While the educational content is informative, some traders feel it could be more comprehensive compared to other leading brokers.

Trading Finder Expert Suggestion

With competitive commissions starting at $3.0, a maximum leverage of 1:500, and a variety of investment options (copy trade, algo trade, PAMM, MAMM), FP Markets provides great trading conditions for traders worldwide.

Meanwhile, the low trust score on ForexPeaceArmy (2.9/5) and Reviews.io (2.8) websites might raise some concerns about the quality of services on the platform.