FPMarkets Review

FP Markets (also known as First Prudential Markets) is a trusted global CFD and Forex broker established in 2005 by FP Markets Group, an Australian owned, private limited group of companies. The broker is regulated by top tier regulatory bodies across continents, including the Australian Securities and Investments Commission (ASIC) in Australia and the Cyprus Securities and Exchange Commission (CySEC) in Europe.

With FP Markets, traders can access a wide range of asset classes that are available through CFDs. The asset classes available includesForex, Shares, Metals, Commodities and Indices, with over 10,000+ instruments to trade.

In addition, traders can benefit from the broker’s wide selection of innovative trading solutions and services. These include tailored account types with great trading conditions, flexibility for all types of trading styles and strategies, top tier liquidity, superior order execution, advanced trading platforms and tools, tight spreads and low commissions, superior VPS solution, a variety of secure payments and withdrawal methods, fast deposit and withdrawal processing time, superior VPS solution an award-winning 24/7 customer support service and much more.

FP Markets Broker Details

BrokerFPMarkets
Established2005
Head OfficeFirst Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent’s and the Grenadines.
RegulationsASIC (Australia), CySEC (Europe)
Publicly ListedNo
Broker TypeECN, DMA
Product OfferingForex, CFD
Trading PlatformsMetatrader 4 (MT4), Metatrader 5 (MT5), IRESS,
Webtrader, Mobile apps (for iPhone and Android devices)
Asset ClassesForex, Shares, Metals, Commodities, Indices
Minimum Deposit$100 (or equivalent)
Account CurrenciesAUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, JPY and CAD.
Maximum Leverage (FX)1:500
Pricing ModelSpreads and Commissions
Lot SizesMicro, Mini, Standard
Deposit &
Withdrawal Methods
Bank Transfer, Credit/ Debit Cards, Neteller, Skrill, PayTrust, NgangLuong.vn, FasaPay, Broker to Broker, South American Payment Method, DragonPay, Perfect Money, ZotaPay, Indian Payment Method, Cryptocurrency Solution (Let Know Pay), FairPay eWallet, PayLivre, Finrax Payments, SticPay,
Demo AccountYes
ScalpingYes
HedgingYes
PAMMYes
Social TradingYes
Copy TradingYes
PROS
  • Strong regulatory framework.
  • Beginner friendly.
  • Great for all types of trading styles and strategies.
  • Superior order execution.
  • Top-tier liquidity.
  • Tight spreads and low commissions.
  • Access to industry-standard trading platforms.
  • Tailored account tpes with great trading conditions and tools.
  • A wide selection of secure deposit and withdrawal methods.
  • Fast deposit and withdrawals.
  • Superior VPS solutions for EAs , scalpers and auto-trading.
  • Access to a wide variety of asset classes, with over 10,000+ instruments to trade.
  • Segreged clients funds.
  • Flexible leverage with leverage as high as 1:500.
  • Offers social trading and copy trading.
  • Award-winning 24/7 multi-lingual customer support.
  • Offers Isamic swap-free account.
  • Offers PAMM account trading.
CONS
  • Does not accept traders from the United States.
  • No proprietary trading platform.