Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FFB Logo
Get a free
$10,000 
demo account
Open Account
Your Capital is at Risk

FPmarkets Broker Review

  1. FPmarkets is an ASIC regulated forex and CFDs broker with over 12 years of experience. They also claim to have over 12,000 clients worldwide and offer fast execution thanks to their NY4 Equinix Data Centers. FPmarkets also offers various underlying assets including forex pairs, popular commodities like crude oil, and hot cryptocurrencies such as bitcoin. Traders can also open a demo account before they start trading with a real account which is always very convenient. In our FPmarkets review you will find out more details about this regulated broker, the account types it offers, software and customer support so make sure to keep reading.

  2. Account Features

    FPmarkets Demo Account

    One of the main benefits of FPmarkets is a free demo account. According to the broker, it takes approximately 30 seconds to set it up. First, you must fill out an online form, and then download the MT4 platform. After the MT4 platform is installed on your computer, you can start demo trading. Even though it took us a bit longer than 30 seconds (about a minute), we were able to set up our demo account without any difficulties. As soon as you download the MT4, you will see an icon on your desktop you have to click in order to activate the demo. Then, use login credentials sent to you via email you used for registration. FPmarkets demo also supports auto trading, so make sure to carefully research the demo platform before you start real trading. Demo account comes with 100.000 AUD of virtual money that you can use to trade on the demo account. Please remember that you can only make virtual profits and virtual losses when it comes to virtual money available on the demo trading account.

    FPmarkets Accounts

    FP markets also offers two different account types for real trading with real money. The available accounts are Standard and ECN Raw account.

    Standard Account

    • Minimum deposit: 100 AUD or equivalent
    • Spreads from 1 pip
    • 50+ FX pairs, metals, indices, commodities
    • Max. leverage 1:500
    • STP execution
    • Minimum trade: 0.01 lot

    ECN Raw Account

    • Minimum deposit: 1000 AUD or equivalent
    • Spreads from 0.0 pips
    • 50+ FX pairs, metals, indices, commodities
    • Max. leverage: 1:500
    • STP Execution
    • Commission per lot: AUD $3.5 per 100,000
    • Minimum trade: 0.01 lot

    FPmarkets Bonus

    On FPmarkets website we found out that they offered some bonuses in the past. However, during the writing of this review, they made no such offers. In case this broker offers you a bonus, make sure to read terms and conditions related to bonus first. They are always publicly displayed and easy to find with this broker. In the past, bonuses were available only for MT4 traders.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

    Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  5. Trading Software & Assets

    FPmarkets offers two types of platforms: MT4 and Iress platform. Both platforms have a reliable trading interface, and it is up to the trader to decide which one to use.

    FPmarkets MetaTrader4

    This platform type is one of the most popular forex trading platforms in the world. In this case, it is available for MAC and Windows computers and laptops, as well as for iOS and Android mobile devices.

    Here are some MT$ characteristics:

    • Streaming live prices
    • Market watch and multiple chart windows
    • Numerous order types
    • Expert advisor and indicator tools
    • One click trading
    • Multiple add-on platforms to access your trading anywhere, anytime
    • Alerting features
    • Fully customizable desktop
    • Multiple language options

    Traders who decide to use FPmarkets Metatrader4 platform should first read a special guide available on the website, and check out the demo. They can also use Virtual Private Server for algorithmic trading, as well as the MAMM/PAMM strategies for a more customized trading experience. You can also use a special tool set called Trader’s Edge.

    FPmarkets Iress Platform

    Iress platform has the following characteristics:

    • HTML 5 technology supported on all major web browsers
    • Compatible with Windows or MAC
    • Real time, dynamic market data
    • High performing tools
    • Advanced charting
    • Module linking
    • Highly customizable interface
    • Intuitive and easy to use

    Traders who opt for this platform type can also use a special manual available on the website to learn how to use it. Considering this platform offers 50+ drawing tools, it is definitely a good idea to learn about the platform prior to trading in order to avoid any misunderstandings.

    Iress has several different platform types you can use:

    • Iress ViewPoint
    • Iress Trader
    • Iress Investor
    • Iress Mobile

     

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support Information

    You can get in touch with FPmarkets via phone or email, but we recommend you try live chat first. Live chat is available in the lower right corner. First, you will have to fill out an online form so your inquiry can be processed properly and to the right agent. During the FPmarkets review, we tested the live chat by asking a simple question about the leverage. The agent responded fairly quickly.

    The language is available only in the English language, but traders have an amazing education section they can use. There are also platform manuals, that always come in handy, especially if you never traded on Iress and MT4 platform. All education materials are divided into 3 groups, depending on your level of knowledge.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Banking & Company Information

    Minimum deposit with this broker is 100 AUD, but in FAQ’s it says it is 200 AUD for Metatrader users and 1000 AUD for Iress users or equivalent amount in a different currency. The accepted currencies are: AUD, USD, EUR, GBP, SGD, HKD, JPY, NZD, CHF, CAD, and CNY. Minimum withdrawal is not determined. There are different fees that apply, based on the depositing method the trader chooses:

    • Australian (Domestic) fees for bank wire: $0.
    • International deposit fees for bank wire: Dependent on currency.
    • International withdrawal fees for bank wire: $25 or equivalent in other currencies.
    • BPAY internet bank transfer fees: $0.
    • BPAY Credit & Debit Card fees: 1.8% of the amount.
    • NAB Credit & Debit Card Deposit in AUD fees: 1.8% of the amount.
    • NAB Credit & Debit Card Deposit in other currency fees: 3.18% of the amount.
    • Neteller deposit fee: 4%
    • Astropay: 5% fee
    • China Union Pay deposit fees: 0%.

    These amounts end up being quite high. Every trader should take some time to reconsider how much money can they afford to allocate for fees, and select their payment method according to it. There are also additional transaction costs and fees for traders willing to trade CFDs.

    FPmarkets is owned by First Prudential Markets Pty Ltd (AFS License No. 286354)

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

Copyright © 2012-2023 All Rights Reserved FairForexBrokers.com - US

     Cookie Policy